You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the technical advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s editorial team writes on behalf of YOU – the proofreader. Our goal is to give you the best advice to help you make bright personal finance decisions. We follow nonindulgent guidelines to ensure that our editorial subject is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our contented is thoroughly fact-checked to ensure accuracy. thus, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and reliable information. We rate your reliance. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you ’ rhenium reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive calculate recompense from our advertisers. Bankrate follows a hard-and-fast editorial policy, so you can trust that we ’ ra putting your interests beginning. Our award-winning editors and reporters create honest and accurate contented to help you make the right fiscal decisions. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ rhenium putting accuracy beginning. Our indemnity team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. Bankrate follows a nonindulgent editorial policy, so you can trust that we ’ re putting your interests first. All of our contentedness is authored by highly qualify professionals and reviewed by national topic experts, who ensure everything we publish is objective, accurate and worthy of your reliance. Founded in 1976, Bankrate has a long track record of helping people make bright fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making work and giving people confidence in which actions to take following. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This capacity is powered by HomeInsurance.com ( NPN : 8781838 ). For more data, please see our Insurance disclosure. Based on Bankrate ’ s across-the-board analysis of the largest indiana car insurance companies by marketplace share, some of the best car insurance in Indiana is sold by USAA, Geico and State Farm. Auto-Owners and Nationwide are besides contenders, as they ranked highly based on our scoring metrics. We chose these companies after compiling information about each aircraft carrier into our singular Bankrate Score exemplary. Indiana drivers pay an average of $ 1,222 per year for broad coverage, based on Bankrate ’ sulfur 2022 study of quoted annual premiums. however, price is not the lone factor you may want to consider when denounce for cable car insurance ; you may besides want to consider coverage options, discounts, policy features and third-party rankings. Bankrate ’ s research could help you choose a company that fits your needs and budget .
Best car insurance companies in Indiana
USAA, Geico, State Farm, Auto-Owners and Nationwide offer some of the best car insurance in Indiana. Bankrate ’ s indemnity column team systematically reviewed third-party customer atonement ratings, fiscal force rankings, coverage options and available discounts for the largest car policy companies by market share in the Hoosier State. We besides reviewed average quoted premiums obtained from Quadrant Information Services. These factors were then converted into a Bankrate Score on a 5.0 scale. The higher the Bankrate Score, the higher a company ranked in each scoring category. Based on our research, the five best policy companies in Indiana are : *Not formally ranked by J.D. Power due to eligibility restrictions
USAA offers its customers excellent customer satisfaction, a low average rate for wide coverage, plenty of coverage options and several discounts. USAA has the lowest average annual entire coverage premium on our tilt and provides numerous discounts for its policyholders, which may help save even more. however, the company is not eligible for official ranking with J.D. Power due to its eligibility restrictions, and the ship’s company is only available to military members and veterans, vitamin a well as certain qualifying family members. not all drivers will qualify for coverage. Learn more: USAA Insurance follow-up
Geico is long-familiar in the insurance industry for having some of the lowest rates available. Although Geico ’ mho average annual full moon coverage bounty in Indiana is the highest on our list, it is even lower than Indiana ’ s modal full coverage bounty. The company besides offers a broad array of discounts to help customers lower their premiums even more. however, Geico does not offer as many optional coverage types as some other carriers, and its policies are relatively basic. Learn more: Geico Insurance review
state farm is one of the best-known indemnity companies in the diligence. The ship’s company may appeal to you if you prefer to do business with an in-person agentive role preferably than handling your policy needs online, as the company sells its products through local agents. however, the company has a higher-than-average overall complaint exponent score from the National Association of Insurance Commissioners ( NAIC ). A 1.00 score represents an average numeral of complaints. State Farm ’ s overall score is 1.46, meaning that the NAIC receives more complaints than average regarding State Farm. Learn more: State Farm Insurance review
Auto-Owners is a regional carrier wave selling coverage in 26 states, including Indiana. Auto-Owners offers several coverage options to choose from, including gap indemnity, diminished value coverage and modern cable car replacement. however, Auto-Owners does not provide quotes online at this fourth dimension. You will need to work with a local agent to get a quotation mark and sign up for insurance. Learn more: Auto-Owners Insurance review
Nationwide may have the highest average rate for broad coverage on our list, but the carrier wave ’ mho average rate for fully coverage is hush lower than the state of matter ’ randomness average. The policy company offers two telematics programs : SmartRide, which could be a good fit for standard dependable drivers, and SmartMiles, a pay-per-mile car insurance course of study that could help depleted mileage drivers save money. The company besides has numerous early discounts, including automatic payments, good student and condom driver. Nationwide does have the lowest J.D. Power claims satisfaction mark on our list, though. Learn more: Nationwide Insurance reappraisal
Average car insurance cost in Indiana
Indiana is one of the more low-cost states in the state for car policy, possibly due to its depleted population concentration and competitive indemnity market. Indiana drivers can expect to pay an average rate of just $ 313 per year for minimum coverage and $ 1,222 per year for full coverage. These average costs are cheaper than the national average price of car indemnity, which is $ 480 per annum for minimal coverage and $ 1,655 annually for full coverage. Bankrate ’ s indemnity premium data is obtained from Quadrant Information Services. Indiana ’ s gloomy cost of policy may be linked to its decreasing number of accredited drivers. between 2011 and 2019, the number of license drivers in the Hoosier State dropped from over 6.5 million to equitable under 4.6 million. Fewer drivers on the road may mean fewer accidents .
|Average annual premium for minimum coverage in Indiana||Average annual premium for full coverage in Indiana|
How to find the best car insurance in Indiana
Everyone ’ south needs are different, indeed cable car insurance is highly personalized to each driver. That means the best car insurance in Indiana ultimately depends on you and your singular situation. however, you can take some steps to make finding the right policy for your needs a little easier .
Consider minimum insurance requirements in Indiana
Indiana requires that drivers purchase at least minimal levels of car insurance coverage. If you live in Indiana, you must purchase at least the state ’ south minimum limits of bodily wound indebtedness and property damage liability to drive legally. You can not purchase lower than your state ’ randomness minimal limits, so there ’ s no need to memorize the legal limits. however, understanding the minimal coverage requirements could help you identify if you need higher limits or optional endorsements .
Consider lender requirements
If you have a loan or lease on your vehicle, your insurance needs may be different than a driver who owns their fomite outright. Because you partake ownership of your vehicle with a fiscal institution, you will likely be required to carry comprehensive coverage and collision coverage, much called “ broad coverage. ” This type of policy covers damage to your vehicle. You may besides want to consider break indemnity, which is designed to pay the difference between the cash measure of your fomite if it is totalled and the balance of your loan .
Consider your individual needs
Life happens, and when it does, your car indemnity might change. If your adolescent driver gets their license, for exercise, you could be in for increase premiums. Or possibly you rear-end another driver, get a travel rapidly ticket or are convicted of a DUI. These incidents could flag you as a bad driver and increase your rates. Understanding your own specific scenario could help you find a company that sells coverage geared toward your position. Households with adolescent drivers could look for companies with student discounts, for model .
Car insurance discounts in Indiana
Although Indiana drivers tend to pay less for car indemnity than drivers elsewhere in the state, there are ways to save even more on your car policy premium. Most companies offer discounts to help you lower your agio. Some common car insurance discounts in Indiana include :
- Young driver discounts: Many companies offer good student discounts for full-time students under the age of 25 who maintain a certain GPA. Young drivers might also benefit from teen driver programs or distance student programs, if they go away to school without a car.
- Safe driver discounts: If you have not been in an accident or gotten a ticket for a certain number of years (which varies by company), you could earn a safe driver discount. Good drivers may also benefit from a telematics program or pay-per-mile discount.
- Other discounts: If you have more than one vehicle or insurance policy, keeping everything with the same insurance company can result in significant bundling discounts. You could also consider paying in full or going paperless to lower your bills.
Because each caller offers its own discounts and has its own cover rules, talking with an agent is often the best way to identify savings opportunities. not all companies list all of their available discounts online .
Frequently asked questions
What is the best car insurance in Indiana?
The best car policy in Indiana will vary based on your personal needs, wants and denounce factors. If you are looking for the lowest-priced policy, the best party for you will probably be unlike from the best company for person looking for a specific coverage type. Making a tilt of your wants and needs and getting quotes from several carriers could help you find the best car indemnity for your circumstances .
What is the cheapest car insurance company in Indiana?
USAA, Auto-Owners and State Farm offer some of the cheapest car indemnity in Indiana. however, a company ’ sulfur average rates may not reflect what your policy will cost. Your premium will depend on your individual rat factors, including your age, driving history and the coverage types and levels you choose. Auto policy rates vary by carrier for even the lapp coverage, so getting quotes from a few companies could help you find a policy that comes with the cheapest rates for you .
What happens if I drive without insurance in Indiana?
Driving without policy is a serious crime. If you are caught driving without indemnity, even if you do not cause an accident, you could face fines and a license suspension. You will have to obtain indemnity to reinstate your license, and your insurance will likely be more expensive than it would have been had you had anterior policy. If you cause an accident, you will be creditworthy for covering the monetary value of the damages and injuries you cause out of pocket. Forgoing policy might save you money on a monthly basis, but you could set yourself up for expensive consequences .
How do I change insurance companies?
If you have stream insurance and have found a new provider, switching your policy mailman is relatively easy. once you have received a quote, you can start your new policy by going on-line, calling your provider or talking to an agent, depending on the company. Be indisputable to note when your new policy is effective, as you will need to call your stream company to cancel your previous policy .
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean force phonograph record, good credit and the follow full coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state ’ mho requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles per annum. These are sample rates and should only be used for comparative purposes .
Bankrate Scores chiefly reflect a slant rank and file of industry-standard ratings for fiscal strength ( AM Best, S & P, Moody ’ s ) and customer experience ( J.D. Power, NAIC ), in addition to average quote rates from Quadrant Information Services. The J.D. Power studies use include the 2020 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate editorial team ’ s extensive inquiry and analysis provided a secondary judgment of each insurance company ’ s on-line and mobile resources and policy management options, which besides contributed to overall ratings .