Finding dependable, cheap insurance is not the easiest thing to accomplish, and figuring out which company offers the best auto insurance rates in Anderson calls for a bit more work.

Each company has a proprietary method to set premium rates, so we need to take a look at the auto insurance companies that tend to be cheaper in Indiana. It's important to know that Indiana auto insurance rates are calculated based on many things that can increase the cost of a policy. Simply getting older, getting divorced, or getting into an accident can trigger price changes that may make certain companies more affordable than before.

Cheapest insurance companies in Indiana
Rank Company Cost Per Year
1 Travelers $596
2 Cincinnati Insurance $684
3 USAA $687
4 Erie $712
5 Western Reserve $846
6 The Hartford $863
7 Indiana Farmers Mutual $875
8 Auto-Owners $888
9 Nationwide $930
10 Motorists Mutual $966
11 State Farm $967
12 Hastings Mutual $973
13 Utica National $995
14 Safeco $1,003
15 Farmers $1,033
16 Westfield $1,094
17 Wolverine Mutual $1,105
18 State Auto $1,120
19 GEICO $1,122
20 Progressive $1,139
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Travelers quotes some of the best car insurance rates in Anderson at around $596 annually. This is $644 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also qualify as some of the cheapest Anderson, IN car insurance companies.

As depicted above, if you are insured with USAA and switched to Travelers, you may see a yearly price reduction of about $91. Drivers with Erie could save as much as $116 a year, and Western Reserve insureds might lower prices by $250 a year.

To find the cheapest coverage for you, click here to begin a quote or feel free to get quotes from the companies below.

Understand that those premiums are averaged across all types of insureds and vehicles and are not factoring in a vehicle location in Anderson. So the auto insurance company that is most affordable for your situation may not even be in the top 36 companies shown above. That's why you need to get rate quotes from many companies using your own driver and vehicle profiles.

One of the more important components that aid in calculating auto insurance rates is where you live. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas areas with less congestion have the luxury of cheap car insurance rates.

The illustration below rates the priciest cities in Indiana in which to purchase auto insurance. Anderson makes the list at #11 with a yearly premium of $1,041 for car insurance, which is around $87 per month.

How much does car insurance cost in Anderson, IN?
Rank City Premium Per Year
1 Gary $1,360
2 Hammond $1,275
3 Merrillville $1,128
4 Portage $1,126
5 Indianapolis $1,092
6 Lawrence $1,088
7 Jeffersonville $1,080
8 Evansville $1,077
9 New Albany $1,059
10 Terre Haute $1,045
11 Anderson $1,041
12 Kokomo $1,011
13 Fishers $983
14 Columbus $975
15 Muncie $965
16 Elkhart $965
17 Richmond $964
18 Noblesville $958
19 Bloomington $958
20 South Bend $956
21 Carmel $947
22 Fort Wayne $947
23 Mishawaka $945
24 Greenwood $931
25 Lafayette $890
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Rate information is approximated as the specific geographic location can decrease or increase prices substantially.

The type of vehicle driven is one of the biggest factors when looking for low-priced coverage in Anderson. Vehicles with more horsepower, a lack of advanced safety features, or a track record of large liability claims will cost significantly more to insure than safer models. The next table shows car insurance prices for the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Anderson, IN
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $1,016
Hyundai Elantra SE Touring Station Wagon $1,082
Ford Escape XLS 2WD $1,088
Honda Accord EX 4-Dr Sedan $1,093
Ford F-150 FX2 Super Cab 2WD $1,115
Toyota Tacoma 4WD $1,124
Dodge Grand Caravan CV $1,217
Toyota Prius $1,243
Nissan Rogue SL 2WD $1,264
Hyundai Sonata GLS 4-Dr Sedan $1,272
Jeep Wrangler Sahara 4WD 2-Dr $1,266
Ford Explorer Eddie Bauer 2WD $1,273
Chevrolet Malibu LTZ $1,266
Toyota RAV4 Sport 2WD $1,288
Chevrolet Impala LT $1,329
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Information does not factor in specific location which can modify insurance rates considerably.

Based upon the table data, you can presume that cars like the Honda CR-V, Hyundai Elantra, Ford Escape, and Honda Accord are likely to be some of the cheapest vehicles to insure for drivers in Anderson.

Careless Anderson drivers pay higher rates

The obvious way to obtain affordable auto insurance prices in Indiana for drivers in Anderson is to pay attention while driving and not receive tickets or have accidents. The diagram below highlights how speeding tickets and accident claims can increase premium costs for different age groups. The prices are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

The data charted above shows the average cost of a car insurance policy in Indiana per year with no violations or accidents is $1,380. Factor in two speeding tickets and the average cost swells to $1,907, an increase of $526 each year. Then add in one accident along with the two speeding tickets and the yearly cost of auto insurance in Anderson increases to an average of $2,434. That's an increase of $1,053, or $88 per month, just for not being attentive to the road!

Full coverage rates compared to liability-only

Saving on auto insurance is the goal of most drivers, and one way to find cheaper insurance in Anderson is to buy only liability coverage. The illustration below shows the comparison of premium costs with full coverage and liability only. The premiums assume no violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

As an average for all age groups, physical damage coverage costs $1,184 per year more than just buying liability insurance. At some point, almost every driver questions if physical damage coverage is worth the money. There is no written rule for excluding physical damage coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.

How to find more affordable auto insurance in Anderson

The list below details some of the better thrifty ideas that can help you quote cheaper coverage.

The last suggestion is very significant, as was noted in the prior article. Prices charged by companies can be modified anytime, so drivers shouldn't be reluctant to buy from a different company if a lower price can be found. Brand loyalty is great, but is isn't recommended if that inflexibility results in costing you big bucks every year. In just a couple of minutes you could compare prices to find cheaper car insurance in Anderson.