You have probably seen the ads from auto insurance companies like Liberty Mutual and The General that claim dirt cheap rates. So drivers should just choose the one with the flashiest ad, right?

It's not that simple, unfortunately, as there are a whole bunch of unknowns like if you are a homeowner, how experienced of a driver you are, and the miles you drive each year, that all impact the cost of coverage. In this article, we will cover the things that influence insurance rates and will hopefully give you a good start in finding the cheapest insurance for college students.

One of the many criteria that aid in calculating the price you pay for insurance is where you live in Indiana. Areas with more people or more claims like Gary, Merrillville, and Indianapolis tend to pay more, whereas areas with less crime or weather claims receive better rates.

The illustration below sorts the highest-priced places in Indiana for college students to purchase car insurance in.

How much does car insurance cost in Indiana?
Rank City Annual Premium
1 Gary $1,360
2 Hammond $1,314
3 Merrillville $1,128
4 Portage $1,126
5 Indianapolis $1,092
6 Lawrence $1,088
7 Evansville $1,045
8 Jeffersonville $1,038
9 Terre Haute $1,035
10 Anderson $1,031
11 Kokomo $1,031
12 New Albany $1,028
13 Bloomington $988
14 Fishers $974
15 Richmond $973
16 Greenwood $969
17 Elkhart $965
18 Mishawaka $965
19 Carmel $957
20 South Bend $956
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Information shown are estimated as vehicle location can affect rates substantially.

The make and model of vehicle to be insured is one of the largest factors that determines whether or not you find cheaper car insurance for college students. Vehicles with limited top-end speed, advanced safety features, or low incidents of liability claims will cost less to insure than fast, unsafe models. The table below showcases car insurance prices for a handful of the most cost-effective automobiles to insure.

Cheapest Vehicles to Insure for College Students in Indiana
Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,440
Honda CR-V LX 2WD $1,446
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,581
Toyota Prius $1,589
Ford F-150 XL Super Cab 4WD $1,603
Ford Explorer XLT AWD $1,612
Ford Focus S 4-Dr Sedan $1,687
Ford Edge SEL 2WD $1,693
Toyota RAV4 Limited 4WD $1,709
Chevrolet Impala LT $1,715
Jeep Grand Cherokee Laredo 2WD $1,709
Chevrolet Equinox LS 2WD $1,719
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,730
Chevrolet Malibu LT $1,737
Dodge Grand Caravan SXT $1,730
Honda Odyssey EX-L $1,816
Toyota Corolla XLE $1,821
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Price data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific location information which can affect auto insurance rates noticeably.

Based upon the rates shown, you can assume that cars like the Ford Escape, Honda CR-V, and Jeep Wrangler are the more affordable vehicles to insure for students in college. The price of auto insurance will tend to be more expensive anyway because there is more risk for college students, but generally speaking those models will tend to have the lowest insurance prices that you'll find.

The chart below illustrates how your choice of deductibles can increase or decrease insurance premiums when searching for cheap insurance for college students in Indiana. The premiums are based on a single female driver, full coverage, and no other discounts are factored in.

The chart above illustrates that a 30-year-old driver could lower their car insurance rates by $344 a year by increasing from a $100 deductible to a $500 deductible, or save $516 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old category, could drop their prices as much as $772 or more just by choosing higher deductibles.

When increasing deductibles, it's a good idea to have enough savings set aside to satisfy the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Types of discounts on Indiana auto insurance rates

Car insurance companies that provide policies for college students may also give you special discounts that could lower prices by as much as 40% or more if you are eligible to receive them. A list of companies and their possible discounts are outlined below.

The chart below illustrates the comparison of auto insurance rates with and without discounts applied to the premium. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with good student, vehicle safety, anti-theft, paid-in-full, passive restraint, and paperless filing discounts applied. With discounts applied, theamount saved on car insurance for college students is 21% or $266.

How to find budget-friendly auto insurance for college students

Here are many money-saving ideas that can help drivers locate more affordable coverage.

That last idea is remarkably necessary, as was noted in this write-up. Prices charged by car insurance companies can change considerably in a year, so drivers shouldn't be resistant to buy from a new company if a lower-cost policy is available.

Brand loyalty is great, but it isn't a good idea if that faithfulness ends up costing you major coinage every year. Spend a few minutes and shop around to find cheaper car insurance for college students.