Who Has The Cheapest Auto Insurance Quotes in Indianapolis, IN?

Drivers from Indianapolis tend to pay more for auto insurance than the rest of the state. Luckily, if you shop around and compare quotes, you can find low costing auto insurance in Indy as well. In this article we analyzed 31 insurance companies to see who offered the cheapest rates.

Cheapest Car Insurance Companies Indianapolis, Indiana

We analyzed 31 auto insurance companies in Indianapolis and found that The Cincinnati offered the cheapest rates, an average of $720 per year for our sample driver. Progressive and Erie were also low costing options for those who live in the Circle City.

The image shows the most affordable car insurance companies in Indianapolis,Indiana

Find the Cheapest Auto Insurance Quotes in Your Area

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The numbers we list above are for a 30 year old male driver of a Toyota Camry opting for full coverage for each of those companies. You likely have a different background from our sample driver, so your auto insurance rates will likely be different. You will need to compare your own car insurance quotes to know which company is the least expensive for sure. You can start by putting in your zip code in the box above. Below you can see our full survey of all 31 car insurance companies.

RankAuto Insurance CompanyAverage Annual Rate
1The Cincinnati$720
2Progressive$903
3Erie$936
4GEICO$980
5Western Reserve$1,140
6Westfield$1,140
7State Farm$1,164
8First Chicago FIRST$1,188
9The General$1,200
10Indiana Farmers Mutual$1,224
11Motorists Mutual$1,248
12Utica National$1,284
13Farmers$1,308
14American Family$1,332
15Nationwide$1,404
16Allied$1,440
17Sentry$1,464
18Allstate$1,488
19Victoria$1,488
20Grange Mutual$1,524
21State Auto$1,644
22Hastings Mutual$1,716
23American Freedom$1,776
24Celina Insurance$1,812
25Kemper Specialty$1,848
26United Farm Bureau$1,908
27Wolverine Mutual$1,944
28Pekin Insurance$1,944
29First Chicago Maverick$2,040
30Safe Auto$2,460
31Hanover$3,996

Cost of Car Insurance in Indianapolis: by Neighborhood

Car insurance rates will fluctuate depending on which part Indy you live, though not by much. We surveyed six neighborhoods in Indianapolis and averaged the cost of the five lowest costing auto insurers for each.

NeighborhoodAverage Annual Car Insurance Rate
Broad Ripple$1,025
Babe Denny$1,032
Lockerbie Square$1,099
Meridian-Kessler$1,099
Downtown Indianapolis$1,102
Fountain Square$1,102

Remember though that no matter where you live, you can still find affordable auto insurance if you shop around. In all neighborhoods in Indianapolis that we analyzed, the cheapest companies tended to be constant, so by shopping around you can still find rates well below average.

Best Auto Insurance Companies in Indianapolis

To find the top-ranked car insurance company in Indianapolis, it really depends on what you are looking for in a company. If costs are a priority, The Cincinnati is your best bet. On the other hand, if you want speed and convenience, Progressive may be the company to go for. Below we list a few other companies that may better suit you depending on what you are looking for.

Auto Insurance CompanyBest For...
The CincinnatiPrice

Progressive

Ease and convenience

USAA

Military Members

Progressive is actually one of the few companies where you can start and finish the entire quote buying process online. If you'd rather not speak to an agent, you may choose to do so, meaning you can have your auto insurance in less than a half-hour. Be aware though that Progressive only scores middle of the pack when it comes to claims handling and customer interaction in a state like Indiana, according to the 2016 J.D. Power study of Central United States.

Finally, those in the military can greatly benefit by going with USAA. USAA is highly regarded by the J.D. Power survey, placing as one of the top companies for price and service according to J.D. Power. As well, if you garage your car at a military base like Fort Benjamin Harrison northeast of Indianapolis, USAA offers a 15% discount on your comprehensive insurance. USAA also offers large discounts to members who are being deployed and will safely store away their vehicle.

Fatal Accidents in Indianapolis

There were 387 fatal car accidents within Indianapolis in the time between 2011 and 2015. One road that saw a plurality of the fatal accidents was Washington Street, with 26 of the 387 fatal auto accidents.

Most Dangerous Roads in Indianapolis

In addition to Washington Street, several others also streets tended to get more fatal accidents. As well, we found most of the accidents happened in the center of the city, where most of the major highways all run through.

RankHighwayNumber of Fatal Accidents (2011 - 2015)Percent That Involve Drunk Driver
1WASHINGTON ST2615.4%
238TH ST1020%
3EMERSON AVE911.1%
4I-70922.2%
5I-465825%

About 18.3% of fatal accidents in Indianapolis involved a drunk driver. Compared to cities in Texas and California, where drunk drivers were usually involved in at least 25% of all accidents, 18.3% is low.

Minimum Car Insurance Requirements in Indianapolis, Indiana

In order to legally drive in Indiana you need to carry the minimum amount of car insurance. Indiana's requirements are straightforward, only requiring drivers to have the liability portion of a policy. Below you can see the full breakdown:

  • $25,000 of Bodily Injury Liability per Person
  • $50,000 of Bodily Injury Liability per Accident
  • $10,000 of Property Damage Liability

They are not the lowest limits in the country, but they are still a bit less than what most drivers will need. Indiana has an above average uninsured motorist rate, so we would recommend getting uninsured motorist coverage if you can afford it. Like our sample driver above, we would also recommend getting collision and comprehensive insurance if your car is less than 10 years old and worth more than $3,000.

How We Compared Quotes

We collected quotes from different insurance companies across Indianapolis and 49 other towns and cities in Indiana. Our sample driver was a 30 year old male who drove a Toyota Camry. To obtain quotes, we kept parameters for getting coverage the same, such as that he was single, had a good credit score and a clean driving record. The only parameter that changed was the zip code where he lived in Indiana. The amount of coverage we opted for gave our driver bit more than what is required of state minimums.

Coverage TypeIndiana MinimumStudy Limits
Body Liability$25,000 per person/ $50,000 per accident$50,000 per person/ $100,000 Per Accident
Property Damage$10,000 Per Accident$50,000 Per Accident
Uninsured/Underinsured Motorist BINone$50,000 Per Person/ $100,000 Per Accident
Uninsured/Underinsured Motorist PDNone$50,000 Per Accident
Personal Injury ProtectionNoneNone
Comprehensive and CollisionNone$500 Deductible

Sources:

Fatal car accident and DUI data: FARS 2011 to 2015.

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