The words "low-priced" and "insurance" really don't belong together, specifically when comparison shopping for the best price on coverage with multiple speeding tickets. Let's go over a few of the factors that significantly impact auto insurance rates, and find a few ways to take a little off your next policy.
One of the many considerations that help determine the cost of insurance is where you choose to live. Regions with more people or even just more weather-related claims like Gary, Merrillville, and Indianapolis tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents get the luxury of paying less.
The table below lists the most expensive cities in Indiana with multiple speeding tickets to buy car insurance in.
|Rank||City||Premium Per Year|
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Premium costs are estimated as the specific Indiana residence address can modify coverage prices greatly.
The type of vehicle that is being insured is one of the primary factors when comparing low-cost car insurance with multiple speeding tickets. Vehicles with high performance features, poor safety features, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models.
The next list ranks car insurance costs for a selection of the cheapest automobiles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$791|
|Ford Escape XLS 2WD||$845|
|Jeep Wrangler Rubicon 4WD 2-Dr||$884|
|Ford Explorer XLT AWD||$894|
|Ford Fusion S 4-Dr Sedan||$936|
|Chevrolet Equinox LS AWD||$946|
|Ford F-150 XL Regular Cab 4WD||$971|
|Honda Civic LX-S 4-Dr Sedan||$976|
|Honda Odyssey EX W/Rear Entertainment||$981|
|Ford Edge Limited 2WD||$988|
|Hyundai Sonata GLS 4-Dr Sedan||$1,001|
|Nissan Rogue SL 2WD||$1,009|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,006|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,011|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,020|
|Toyota Camry LE||$1,021|
|Toyota RAV4 Limited 2WD||$1,030|
|Dodge Grand Caravan Hero||$1,021|
|Ford F-350 XL Crew Cab Turbo Diesel 2WD||$1,042|
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Premium data assumes single male driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, and homeowner. Price information does not factor in the specific area where the vehicle is garaged which can revise insurance rates greatly.
Looking at the rates, you can see that makes and models like the Honda CR-V, Ford Escape, and Toyota Prius are likely to be the most affordable vehicles to insure after a few driving violations.
Figuring out which companies quote the cheapest auto insurance rates with multiple speeding tickets in Indiana may require more work in order to find the best policy. Each auto insurance company has a different formula for determining rates, so let's take a look at the most affordable auto insurance companies in Indiana.
We do need to point out that Indiana auto insurance rates are determined by lots of factors which can substantially change the cost of a policy. Improving your credit score, buying a home instead of renting, or getting into an accident may cause policy rate changes that can cause some rates to be cheaper than competitors.
Best Cheap Insurance Rates with License Points
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$849|
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Travelers generally has some of the best car insurance rates in Indiana at around $596 a year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also make the list of some of the best Indiana auto insurance companies.
As the rates illustrate above, if you buy coverage from Erie and switched to Travelers, you could realize savings of about $137. Customers with Western Reserve could save as much as $242 a year, and Indiana Farmers Mutual policyholders might realize rate reductions of up to $253 a year.
Remember that these rates are averaged for all drivers and vehicles and and are not calculated with a rate discount with multiple speeding tickets. So the company that has the cheapest price for you may not even be in the top 36 companies in the list above. That is why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
Types of discounts on Indiana car insurance rates
Insurers that offer quotes with multiple speeding tickets may additionally offer policy discounts that can lower rates by 40% or more if you are eligible. Large auto insurance companies and some of their more popular discounts can be read below.
- Farm Bureau discounts include multi-vehicle, renewal discount, 55 and retired, good student, youthful driver, and safe driver.
- State Farm offers premium reductions for student away at school, Drive Safe & Save, good student, defensive driving training, and driver's education.
- Progressive includes discounts for online signing, online quote discount, multi-policy, multi-vehicle, and homeowner.
- Allstate may include discounts for farm vehicle, good payer, good student, FullPay discount, economy car, and eSmart discount.
- Nationwide policyholders can earn discounts including Farm Bureau membership, good student, business or organization, multi-policy, anti-theft, and defensive driving.
- MetLife has discounts for claim-free, defensive driver, multi-policy, good driver, good student, and accident-free.
The chart below illustrates the comparison of insurance prices with and without discounts applied to the premium. The prices are based on a male driver, one violation and no at-fault accidents, Indiana state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with paid-in-full, multiple policy, marriage, continuous coverage, homeowner, and vehicle safety discounts applied. In this example, the average amount saved each year on auto insurance with multiple speeding tickets is 28% or $505.
Impact of speeding/accidents on auto insurance rates
The recommended way to snag the cheapest auto insurance rates after a few driving violations is to drive safely and avoid accidents and violations. The example below demonstrates how speeding tickets and at-fault collisions can impact auto insurance rates for different age groups. Data assumes a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
The data charted above shows the average cost of car insurance in Indiana per year with a clean driving record and no accidents is $1,337. Get written up for two speeding tickets and the average cost swells to $1,836, an increase of $499 each year. Now add two accidents along with the two speeding tickets and the yearly cost of auto insurance with multiple speeding tickets in Indiana jumps again to an average of $3,933. That's an increase of $2,595, or $216 per month, just for not driving carefully!
Which auto insurance company is best in Indiana?
Selecting the top car insurance provider can be rather challenging considering how many choices there are in Indiana. The information below could help you select which car insurance companies to look at when comparing rates.
These ratings are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Indiana or surrounding areas are not included in this list. To compare prices from the most competitive companies in Indiana, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies