The type of vehicle on the policy is one of the largest factors when quoting the best cheap insurance for college graduates. Vehicles with lots of horsepower, poor crash test ratings, or an increased likelihood of liability claims will cost much more to insure than more modest models.

The data below ranks insurance prices for a number of the cheapest automobiles to buy insurance for.

Cheapest Vehicles to Insure for College Graduates in Indiana
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX 2WD $608
Jeep Wrangler Rubicon 4WD 2-Dr $622
Ford Escape XLT 4WD $623
Ford Focus S 4-Dr Sedan $643
Chevrolet Impala LS $652
Chevrolet Silverado LS Regular Cab 2WD $657
Toyota RAV4 Limited 4WD $664
Honda Accord EX-L 4-Dr Sedan $662
Chevrolet Malibu LT $669
Toyota Prius $675
Honda Odyssey EX-L $694
Nissan Rogue S AWD $706
Volkswagen Jetta 2.0T Station Wagon $716
GMC Sierra 3500HD SLE Regular Cab 2WD $717
Ford F-350 XLT Super Cab 2WD $723
Chevrolet Equinox LT AWD $721
Honda Civic GX 4-Dr Sedan $729
Toyota Tacoma Double Cab 4WD $734
Ford F-150 FX4 4WD $743
Toyota Camry Hybrid $754
Kia Optima SX $759
Ford Explorer Limited AWD $758
Dodge Grand Caravan SXT $766
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in vehicle garaging location which can increase or decrease coverage rates considerably.

Looking at the numbers, you can assume that makes and models like the Honda CR-V, Jeep Wrangler, Ford Escape, Ford Focus, and Chevrolet Impala are most likely going to be some of the more affordable vehicles to insure for college grads.

Shopping around for affordable car insurance is easier said than done, and figuring out which companies offer the cheapest auto insurance rates for college graduates in Indiana involves more quotes for comparison. Every insurance provider uses a little different formula to set policy rates, so we need to take a look at the most competitive auto insurance companies in Indiana.

It's important to know that Indiana auto insurance rates are impacted by many things which can substantially change the price you pay. This is why Indiana drivers need to spend some time comparing rates when trying to find the most economical insurance quotes for college graduates. Prices consist of many things and change frequently, so the best option a year ago may now be quite expensive.

Best Cheap Insurance Rates for Grads

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Indiana car insurance ranked by cost per year
Rank Company Cost Per Year
1 Travelers $614
2 Cincinnati Insurance $664
3 USAA $667
4 Erie $726
5 Western Reserve $846
6 Indiana Farmers Mutual $867
7 The Hartford $881
8 Auto-Owners $915
9 State Farm $957
10 Nationwide $958
11 Safeco $983
12 Utica National $985
13 Motorists Mutual $996
14 Hastings Mutual $1,003
15 Wolverine Mutual $1,061
16 Farmers $1,064
17 Westfield $1,094
18 Progressive $1,095
19 State Auto $1,098
20 GEICO $1,133
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Travelers generally has some of the best car insurance rates in Indiana at around $614 each year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also be considered some of the best Indiana auto insurance companies.

As the rates illustrate above, if you are currently insured with USAA and switched to Travelers, you might realize an annual premium reduction of approxmiately $53. Drivers with Erie might save as much as $112 a year, and Western Reserve policyholders might realize rate reductions of up to $232 a year.

To get a fast rate comparison, click here to get a free quote or visit several of the following companies.

Remember that these policy rates are averages for all drivers and vehicles and are not factoring in a price decrease for college graduates. So the company that has the lowest price for you may not even be in the top 36 companies in the list above. That point stresses why you need to get auto insurance quotes using your own driver information and specific vehicle type.

For college grads, one of the more important components that are looked at to help calculate the amount you pay each year for auto insurance is where you choose to live in Indiana. Areas with high crime rates or more dense population like Gary, Portage, and Merrillville tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.

The table below shows the highest-priced areas in Indiana for college graduates to buy auto insurance in.

Where does Indiana rank for car insurance cost?
Rank City Average Per Year
1 Gary $1,401
2 Hammond $1,327
3 Portage $1,104
4 Lawrence $1,099
5 Merrillville $1,095
6 Indianapolis $1,082
7 New Albany $1,059
8 Jeffersonville $1,048
9 Evansville $1,045
10 Kokomo $1,041
11 Anderson $1,041
12 Terre Haute $1,035
13 Bloomington $988
14 Elkhart $985
15 Richmond $964
16 Greenwood $960
17 Carmel $957
18 Columbus $955
19 South Bend $947
20 Fort Wayne $947
21 Fishers $945
22 Mishawaka $936
23 Noblesville $930
24 Muncie $927
25 Lafayette $899
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Prices are approximated as the specific geographic location can lower or raise auto insurance rates considerably.

Best auto insurance company in Indiana

Choosing the highest-rated auto insurance company can be rather challenging considering how many companies provide coverage in Indiana. The rank data in the next section may help you decide which car insurance companies you want to consider when looking for cheaper rates. The rankings below are only made up of companies with a national presence, so companies with more of a regional focus are not included in these rankings.

Top 15 Auto Insurance Companies for College Graduates in Indiana
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
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Data Source: Best Car Insurance Companies

Full coverage versus liability only rates

Paying less for auto insurance is probably important to the majority of people, and one of the quickest ways to pay less for insurance for college graduates in Indiana is to only buy liability coverage. The information below visualizes the comparison of auto insurance costs with full coverage and liability only. The costs are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

As an average for all age groups, full coverage on your policy costs an additional $1,613 per year more than just insuring for liability. That is a large expense which might make you wonder if full coverage is worth the money. There is no exact rule to delete full coverage, but there is a guideline you can use. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

Discounts on Indiana auto insurance rates

Car insurance companies that sell policies for college graduates may additionally offer premium discounts that may potentially lower prices by as much as 30% if you are eligible to receive them. A list of auto insurance companies and the discounts they provide include:

The example below shows the comparison of premium costs with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no violations or claims, Indiana state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second shows the rates with safe-driver, passive restraint, multiple policy, multiple vehicle, claim-free, and vehicle safety discounts applied. When discounts are factored in, the average amount saved each year on auto insurance for college graduates is 28% or $348.