Find the Cheapest Insurance Quotes in Your Area
The cost of insuring a car in Indiana can vary widely from company to company and city to city, according to our analysis. We analyzed car insurance quotes for a minimum liability policy for a thirty year old single male driver in the state of Indiana. We found that the most expensive company cost more than 4.4x the cheapest company, depending on where drivers lived in the Hoosier State. These two points underscore the need to shop around and compare quotes. Read more about costs below, or enter your zip code above to see a list of the top companies in your area to begin.
- Cheap Auto Insurance Companies
- Best Car Insurance Rates: by City
- Best Auto Insurance Companies
- Cost of Car Insurance: by City
- Minimum Insurance Requirements
Of the 32 car insurance companies we analyzed in Indiana, Cincinnati Insurance had the lowest car insurance rates in Indiana across the board with an average of $798 per year for a minimum liability policy. Erie, GEICO, Progressive, and Indiana Farmers Mutual rounded out the five cheapest auto insurance companies in Indiana. These five carriers quoted an average rate of $889 for a policy with limits of $25/$50/$25 in the state, which was 65% cheaper than what the typical insurer charged. At the opposite end of the spectrum, Hanover was the most expensive auto insurance company with annual premiums at $3,517. Rates were averaged for a thirty year old single male driving a 2011 Toyota Camry.
Find the Cheapest Auto Insurance Quotes in Your Area
Who Has the Cheapest Car Insurance Quotes by City?
Depending on where you live in Indiana and your driving background, the rates you can see will be different. We noticed that the cheapest auto insurance providers varied slightly by city. Below are the top three insurers our sample drivers found that had the lowest rates in the 10 largest cities in Indiana. Rate figures are annual premiums for a state minimum auto insurance policy with low levels of uninsured motorist coverage.
|Crown Point||The Cincinnati||$780|
|Indiana Farmers Mutual||$1,104|
|Fort Wayne||The Cincinnati||$672|
|Hammond||Indiana Farmers Mutual||$1,104|
|New Albany||Hastings Mutual||$852|
Let's take a look at how much auto insurance costs in each city, and which companies on average had the best rates. Rates are influenced by where drivers live and park their car. Furthermore, companies view the same individual differently, so your rates can fluctuate widely depending on which companies you get quotes from. Our analysis was based on a thirty year old single male driver for a policy with slightly wider coverage than the state minimum requirements.
The largest city in Indiana (and also the capital) is Indianapolis, IN. Home to more than 10% of the state's population, Indianapolis's auto insurance rates follow the general correlation of high costs in densely populated areas. Premiums in the city are about 13% higher than the state average at $1,365 annually or $114 monthly, which ranks the city on the more expensive half of our study. Every year, race cars take to the Indianapolis Motor Speedway for a 500-mile race. For a tamer route 1/10th of the length, regular commuters and drivers have Interstate 465 circling the city. For cheap auto insurance in Indianapolis, we suggest including Cincinnati, Progressive, and Erie in your comparison shopping. That's because their auto insurance rates were the three lowest in our company list. The three average of $853 a year, which is 38% lower than the overall city average.
Fort Wayne, IN
Fort Wayne is the second largest city in the Hoosier State with 255,000 residents. Located at the junction of three rivers, the St. Joseph River, St. Marys River, and Maumee River, Fort Wayne started as a trading post for European pioneers in the region and is purported to be the final resting place for Johnny Appleseed. The city is a three-time All American City Award winner and the site of a number of higher education institutions.
The average cost of insurance for all of our sample drivers in Fort Wayne is $1,274 a year, but you can save by going with three of the cheaper car insurance companies here. They're Cincinnati, Western Reserve, and Nationwide. On average, these companies will cost you $736 a year for a minimum liability policy, which is a reduction of $629 or 46% compared to the citywide average.
Evansville is the location of the third oldest and continually-operated baseball stadium in the United States: Bosse Field, and the oldest library in the state: Willard Library. So how much does auto insurance cost in Indiana's third largest city? That's $1,417 a year across our list of companies for a policy meeting the state's minimum requirements. Cincinnati, Erie, and GEICO overall have the three cheapest auto insurance rates in Evansville. Rates among these companies average $880 a year, which is 36% less than the city average of $1,365. Our data also suggests that single Evansville drivers include Hasting Mutual onto their shortlist of insurers for quote comparisons as well.
South Bend, IN
With an average annual premium of $1,276 for our sample driver’s state minimum policy, South Bend's costs are just 7% lower than the state average. For the best auto insurance rates, we suggest people add Cincinnati, Erie, and GEICO to their list of cheap companies to consider. These companies had an overall annual cost of $795, which was 42% lower than the citywide average. Pekin Insurance and Progressive round out the top 5 insurers that our sample drivers found most affordable in South Bend, if you want to see more before making a decision.
The infamous distinction of having the most expensive auto insurance in Indiana goes to none other than the city of Gary, IN. The birthplace of Michael Jackson, Gary is the 5th largest city in Indiana and is situated right by the shores of the beautiful Lake Michigan. Gary's car insurance rates are a whopping 53% higher than the Indiana state average costing residents over $2,092 per year for a minimum auto insurance policy.
However, with the right insurers, you may still be able to keep your bills under budget. GEICO, Erie, and Progressive had the three best auto insurance rates for our sample driver. They were able to find quotes of $1,087 on average for the minimum liability policy in Indiana, which were 48% lower than the city’s average. Together with Utica National and The General, these were the five cheapest companies in Gary.
Best Auto Insurance Companies in Indiana
We ranked the best car insurance companies using complaint data from the National Association of Insurance Commissioners (NAIC) and the state’s Department of Insurance, between the years of 2012 and 2014. We compared a company's share of complaints to their share of premiums underwritten in the state to arrive at the insurer's complaint index.
The lower a company's complaint index, the better the company is relative other competitors. For example, the Erie, Indiana Farm Bureau (an Indiana local insurer!), and Wolverine Mutual were rated the best car insurance companies in Indiana using this metric. State Farm, the largest insurance company in Indiana, had a better than average index number as well. With an index of 1.05, the Western Reserve Group was an average company in terms of complaints compared to other insurers.
|2||Indiana Farm Bureau||0.17|
|12||Indiana Farmers Mutual||0.83|
Here's a look at 50 of the most populous cities in Indiana listed from cheapest to most expensive. Numbers in the chart are annual car insurance premiums for an auto insurance policy consisting of the minimum required bodily limits of $25k per person, $50k per accident and $10k of property damage. These are the lowest limits drivers can have while fulfilling the minimum auto insurance requirements in Indiana.
|Coverage Type||Indiana Minimum Requirements||Analysis Limits|
|Bodily Injury||$25,000 per person, $50,000 per accident||$25,000 per person, $50,000 per accident|
|UM/UI Bodily Injury||Optional||$25,000 per person, $50,000 per accident|
|UM/UI Property Damage||Optional||$25,000|
We used a thirty year old single male driver for our sample driver profile. For the purposes of the study, every policy is quoting a 2011 Toyota Camry that the driver owns and uses primarily for commuting to and from work (averaging 12,000 miles per year). Coverage is considered basic and not comprehensive. Our drivers have had no accidents or driving violations in the last 5 years. We looked at quotes from 50 top-tier car insurance companies, both national and regional, in Indiana, including Allstate, Erie Insurance, Indiana Farmers Mutual, State Farm, Cincinnati Insurance, Titan, and Liberty Mutual. Rates were averaged across fifty one auto insurers to come up with our final "city average".
Surveyed auto insurance costs in Indiana are for illustrative purposes only and actual quotes will vary based on your physical residence, driving history, and other factors.