THE CHEAPEST CAR INSURANCE IN INDIANA FOR 2023

Depending on your driving record, the best car insurance companies in Indiana are American Family, USAA, and State Farm. Indiana’s mandatory minimum liability coverage is among the cheapest in the country, but drivers who want more security can choose more expensive full coverage policies. Keep in mind that comparing quotes from different car insurance providers is the best way to find cheap full coverage in Indiana.

Cheapest Car Insurance in Indiana

All Indiana motorists are required by law to maintain at least the state-mandated minimum level of liability insurance. The cheapest car insurance quotes in Indiana for the bare minimum of liability coverage

The state of Indiana requires all drivers to carry auto liability coverage. The state mandates the following forms of liability coverage as a bare minimum:

$25,000 per person for bodily injury liability
$50,000 per accident for total bodily injury liability
$25,000 per accident for property damage liability

The state-mandated minimums of 25/50/25 coverage are meant to give drivers some peace of mind that they have some means of covering repair costs in the event of an accident. Most motorists should strongly consider carrying more liability insurance than the minimum 25/50/25 required by most states.

In the event of an accident in which you are at fault, these limits may not be adequate to pay for the damages to the other party’s vehicle, medical care for any injured parties, or the total loss of the other party’s vehicle.

Top Cheapest Indiana Car Insurance

Cheapest Car Insurance Indiana: Minimum Liability

Auto-Owners provides the most affordable insurance in Indiana, with monthly premiums averaging $22, or $264 annually. American Family, USAA, and Nationwide could be the most cost-effective choices, depending on your driving history. In Indiana, the best auto insurance companies provide competitive rates without sacrificing quality of service.

In Indiana, a minimum coverage policy costs about $463 per year, while a comprehensive policy costs about $1,433, or about $119 per month.

Cheapest Car Insurance Indiana: Full Coverage

If you are looking for full-coverage car insurance in Indiana, American Family is typically the cheapest option. Approximately $46 a month, or $552 a year. Costing more than liability-only policies, full-coverage insurance ensures your safety in the event of an accident on or off the road.

Cheapest Car Insurance Indiana: Traffic Infractions

The cost of car insurance depends on several factors, including a person’s driving record. Auto insurance premiums typically increase for drivers who have accrued moving violations in the past three to five years. You may still be able to get low-cost car insurance in Indiana despite having a few marks on your record because not all insurers place the same weight on different incidents.

Cheapest Car Insurance Indiana: Speeding Ticket

A conviction for speeding in Indiana will likely increase your insurance premiums because of the increased risk of having to pay out large claims. A speeding ticket may only affect your insurance premiums for three to five years, depending on its severity and your insurance provider.

On average, Pekin costs $243 a year for minimum coverage insurance for drivers who get speeding tickets.

Full-coverage insurance costs an average of $695 a year, less at Hastings Mutual for drivers in Indiana who have received speeding tickets.

Cheapest Car Insurance Indiana: At-Fault Accident

Your auto insurance premiums will likely increase after you are found at fault in an accident, unless you have accident forgiveness coverage. Your insurance rate may go up for three to five years after an accident where you were at fault, depending on the specifics of the crash. Minor accidents might not have as much of an effect on your rates, but more serious accidents might make your rates go up a lot.

Hastings Mutual offers the cheapest car insurance for at-fault accident. Its average cost of basic coverage from is $230, while the cost of comprehensive coverage is $562.

Cheapest Car Insurance Indiana: 20-year-olds

For younger people in their 20s, prices can be extremely high, but they usually decrease as drivers gain more driving experience. Indiana drivers with spotless records might want to think about the following businesses, as their average rates were the lowest:

Hastings Mutual offers the most affordable car insurance in Indiana for 20-year-old drivers at $1,764 per year or about $147 per month.

Cheapest Car Insurance Indiana: Teen Drivers

A minimum coverage plan from State Farm costs $91 a month, which is $33 less than the state average and the lowest quote for young drivers in Indiana. Also, State Farm has the best rates for teens who want full coverage insurance ($211) and people who have recently gotten a speeding ticket.

Cheapest Car Insurance Indiana: Seniors

Automobile insurance rates may be higher or lower for older drivers compared to middle-aged drivers. This can change based on their age. The following insurance providers provide the most cost-effective policies for Indiana’s senior drivers who require full coverage:

American Family offers the cheapest car insurance in Indiana for seniors at $537 per year, $45 per month

Cheapest Car Insurance Indiana: DUI

On average, the following insurers in Indiana offer the cheapest full coverage policy if you have a DWI on your driving record:

American Family offers the cheapest car insurance in Indiana for drivers with DUIs on their tickets. The average cost of insurance for an American Family is $702 per year or $59 per month. Progressive offers the second-cheapest for an average of $975 per year

Cheapest Car Insurance Indiana: Military

With an average yearly premium of only $524, USAA is the most affordable option for military members and veterans in Indiana looking for car insurance. When it comes to things like financial security, happy customers, low prices, and few if any complaints from clients, USAA has an excellent reputation.

Full Coverage Car Insurance in Indiana

If you have enough insurance, you will not have to pay thousands of dollars to fix or replace your car. Comprehensive and collision coverage are standard components of Indiana’s “full coverage” packages.

Comprehensive insurance: Damages to your vehicle that are not the result of a collision or upset are covered by comprehensive insurance. This can include things like theft, fire, wind, and broken glass.
Collision insurance: If your car is damaged in an accident or rollover, collision insurance will help pay for the repairs.
Underinsured or uninsured motorist coverage: This lets you get money from your own insurance company if you get into an accident with a driver who does not have insurance or does not have enough coverage.

In Indiana, all new auto liability policies must include protections against uninsured and underinsured drivers. You must put your objections in writing if you do not want this coverage.

State Farm Car Insurance, Indiana

In Indiana, State Farm has great prices, and you can save even more by taking advantage of the company’s many discount options. In addition, State Farm has a significant number of local insurance agents, which contributes to its popularity in Indiana. The claims process is generally straightforward because it is easy to contact State Farm.

Pros

AM Best gives it an A++ for financial stability.
Excellent student and teen discounts
Insurance discounts based on usage
A lot of local insurance agents all over the U.S.

Cons

Not accessible in Rhode Island or Massachusetts
Conflicting opinions on State Farm’s insurance

State Farm Car Insurance Coverage

Standard policies from State Farm include:

Liability car insurance
Collision insurance
Comprehensive insurance
Medical payment coverage (MedPay)
Personal injury protection (PIP)
Uninsured/underinsured motorist coverage

State Farm Coverage Options

Moreover, State Farm provides the following policy add-ons:

Emergency roadside assistance: This includes towing to the closest repair shop, fuel deliveries, changing spare tires, helping people who are locked out of their cars, jump-starting batteries, and doing up to an hour of mechanical work at the breakdown site.
Rented car reimbursement: This option covers the costs of renting a car for certain events, up to the policy limit. State Farm gives you the option to either rent something yourself or get reimbursed for the expense.
If you break down more than 50 miles from home and need to get your car fixed, this plan will pay up to $500 toward your lodging and food expenses. It only applies in situations where a comprehensive or collision insurance policy covers your damages.
Ridesharing insurance: If you operate a vehicle for a company such as Uber or Lyft, this choice guarantees that you are constantly covered.

When filing a claim, you have the option of calling State Farm, going online, or using the company’s mobile app. Customers can use the State Farm app to share evidence, get updates on their claims, and have direct conversations with State Farm agents.

Who Gives the Lowest Car Insurance Rates?

The minimum coverage policy for Auto-Owners is the most affordable in Indiana, costing only about $264 per year. Keep in mind that your driving history will determine which company offers the best rates.

How Much Is the Average Car Insurance per Month in Indiana?

Full coverage car insurance in Indiana costs an average of $1,433 annually, or about $119 per month, while minimum coverage costs an average of $463 annually across the state.

What Is the Bare Minimum Car Insurance in Indiana?

To legally operate a motor vehicle in Indiana, you must obtain the bare minimum liability coverage. Both personal injury and property damage claims are covered here. It includes:

$25,000 bodily injury liability coverage per person
$50,000 total bodily injury liability coverage per accident
$25,000 property damage liability coverage per accident

How Much Is Full Coverage Auto Insurance in Indiana?

Full-coverage auto insurance in Indiana costs an average of $1,433 annually, or about $119 monthly.

Is Indiana a No-Fault State?

No, Indiana is an at-fault state. Whoever is found to be at fault in a car accident has to pay for the other driver’s injuries and damaged property.

What are Some Tips to Lower Your Insurance?

Compare prices
Increase your deductibles if you can.
Reduce the coverage for older vehicles.
Bundling of policies
Try to keep your credit score high.
Utilize discounts for low-mileage

Is It Legal to Not Have Car Insurance in Indiana?

Indiana law imposes severe penalties on drivers who are caught operating a motor vehicle without at least the state’s minimum liability coverage. You risk losing your driving privileges for an entire year if you get in trouble with the Indiana BMV. Drivers in Indiana must carry at least the minimum liability insurance required by law whenever they take to the roads in a motor vehicle. Indiana mandates a minimum liability insurance coverage of 25/50/25.

What Is the Least Expensive Form of Insurance Coverage?

The state’s requirements for minimum property damage and bodily injury liability coverage are typically satisfied by the automobile insurance policy that costs the least overall.

Is USAA only for the Military?

USAA limits its customer base to current and former members of the armed forces, so only those in the military can buy car insurance from the company.

Conclusion

For your safety, you may want to think about purchasing additional insurance. In the event of an accident, having only the bare minimum of insurance coverage may not be enough to safeguard your possessions. If you have financed or leased your car, you should know that your lender or lessor may insist that you carry additional coverage like collision and comprehensive.