Wouldn't it be nice if we could instantly tell you the one company that has the best rates for uninsured drivers? It's not that easy, however, as there are a whole bunch of unknown elements such as any driving violations you may have, if you are a homeowner, the area you live in, and when you were born. This article will detail these types of topics and hopefully give you enough understanding to have a good start in finding the cheapest car insurance in Indiana.
The vehicle that is being insured is one of the biggest factors when quoting low-priced coverage for uninsured drivers. Vehicles with average performance, modern passenger safety features, or low incidents of liability claims will cost significantly less to insure than high performance models. The table below presents car insurance premiums for some of the most economical vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$554|
|Ford Escape XLT 2WD||$608|
|Honda Accord LX 4-Dr Sedan||$613|
|Jeep Wrangler Sahara 4WD 2-Dr||$622|
|Ford Focus S 4-Dr Sedan||$643|
|Chevrolet Impala LS||$653|
|Toyota RAV4 Limited 4WD||$657|
|Volkswagen Jetta S 4-Dr Sedan||$662|
|Jeep Grand Cherokee Laredo 4WD||$657|
|Ford Fusion S 4-Dr Sedan||$665|
|Ford F-150 FX4 4WD||$669|
|Honda Civic LX 4-Dr Sedan||$680|
|Dodge Grand Caravan SE||$682|
|Ford Edge SE 2WD||$690|
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Table data represents 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, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in zip code location which can change price quotes noticeably.
Looking at the numbers, you can figure that models like the Honda CR-V, Ford Escape, Honda Accord, Toyota Prius, and Jeep Wrangler should be the most budget-friendly vehicles to insure for drivers with no prior coverage.
Locating low-cost insurance is not most people's favorite thing to do, and finding out which companies offer the cheapest auto insurance rates for uninsured drivers in Indiana may require even more diligence. Every auto insurer has their own guidelines to set premium rates, so let's begin by taking a look at the auto insurance companies with the overall cheapest rates in Indiana.
Cheap Insurance Rates in Indiana
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$841|
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Travelers generally has some of the lowest car insurance rates in Indiana at around $614 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve also rank well as some of the more affordable Indiana car insurance companies.
As depicted above, if you are currently insured with USAA and switched to Travelers, you could earn savings of in the vicinity of $73. Indiana drivers with Erie may save as much as $91 a year, and Western Reserve insureds might realize rate reductions of up to $224 a year.
To find cheaper insurance rates for your vehicle, click here to start a quote or visit several of the following companies.
Understand that those estimates are averages across all insureds and vehicles and are not factoring in a price discount for uninsured drivers. So the auto insurance company that fits your needs best may not even be in the list above. That is why you need to quote rates from as many companies as possible using your own driver data and vehicle information.
Discount Indiana car insurance rates
Car insurance companies that offer quotes for uninsured drivers may have price discounts that can reduce rates by as much as 25% or more if you are eligible for them. Companies and a partial list of their discounts can be found below.
- State Farm discounts include safe vehicle, anti-theft, accident-free, Drive Safe & Save, and student away at school.
- Progressive may have discounts that include online quote discount, multi-policy, continuous coverage, good student, multi-vehicle, online signing, and homeowner.
- Progressive may offer discounts for continuous coverage, multi-policy, good student, online quote discount, multi-vehicle, online signing, and homeowner.
- MetLife includes discounts for good student, multi-policy, accident-free, good driver, defensive driver, and claim-free.
- Farm Bureau offers premium reductions for safe driver, 55 and retired, multi-vehicle, youthful driver, and renewal discount.
- GEICO may include discounts for driver training, daytime running lights, anti-theft, membership and employees, military active duty, defensive driver, and good student.
- SAFECO has discounts for accident prevention training, drive less, bundle discounts, homeowner, anti-theft, and teen safety rewards.
The information below shows the difference between car insurance rates with and without discounts applied to the premium. The premium estimates are based on a female driver, no violations or claims, Indiana state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple vehicle, safe-driver, homeowner, marriage, accident-free, and claim-free discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for uninsured drivers is 27% or $380.
Impact of careless driving on Indiana auto insurance rates
The common sense way to obtain the most affordable auto insurance rates in Indiana for drivers with no prior coverage is to drive carefully and avoid traffic citations and accidents. The information below highlights how traffic violations and at-fault claims drive up insurance rates for different age groups. The costs are based on a single male driver, full coverage, $250 deductibles, and no discounts are applied.
The data charted above shows the average cost of auto insurance per year with a clean driving record and no accidents is $1,480. Add in one speeding ticket and the average cost hikes up to $1,666, an increase of $186 each year. Then throw in two accidents along with the one speeding ticket and the yearly cost of auto insurance for uninsured drivers in Indiana increases to an average of $3,277. That's an increase of $1,797, or $150 per month, just for not paying attention while driving!
Buying coverage from the best insurance company can be challenging considering how many different insurance companies sell coverage in Indiana. The company information in the lists below may help you analyze which insurers you want to consider buying from. These rankings are only made up of the largest companies in the United States, so smaller regional companies will not be included in the list.
|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