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

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

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Erie offered the best rates for both minimum and full coverage car insurance in Indianapolis, Indiana. Erie customers pay $27 per month on average for minimum coverage and $103 per month for full coverage.

Minimum coverage in Indiana costs $488 on average across the state, but residents of Indianapolis pay 18% more, with average premiums of $577. Residents of large cities often pay higher auto insurance premiums, due to factors such as increased traffic and auto theft rates.

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Full coverage from Allstate, the most expensive insurer, costs $1,500 more than full coverage from State Farm, the cheapest insurer. Shopping around for quotes is one of the best ways to reduce your premiums.

Cheapest auto insurance in Indianapolis: Erie

Erie had the cheapest rates for minimum coverage in Indianapolis, followed by State Farm and Progressive. Together, these insurers charged 29% less than the state average, which is $577, saving drivers $168 annually.

Erie had the cheapest widely available rates in our study, at an average of $27 per month. However, State Farm cost just $7 more per month ($34 monthly) and American Family cost just $15 more per month ($42 monthly).

Members of the armed forces and their families should get quotes from USAA, which offered the cheapest car insurance quotes overall. Eligible drivers in Indianapolis will pay just $26 a month.

Find Cheap Auto Insurance Quotes in Your Area

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Low rates make minimum coverage attractive to many consumers, but be aware of what you're purchasing. Minimum coverage doesn't pay for any damages to your own vehicle after an accident, leaving you fully financially responsible for repairs.

Rank
Company
Annual rate
1Erie$322
2State Farm$405
3American Family$499
4Progressive$554
5Geico$756
6Auto-Owners$869
7Allstate$899
N/AUSAA$309

*USAA is only available to current and former military members and their families.

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Cheapest full coverage car insurance in Indianapolis: Erie

Erie also boasts the most affordable rates for full coverage. Drivers will pay $1,233 per year, which is $408 less than the city average of $1,641 annually.

We recommend getting quotes form State Farm and Progressive if you have a clean record and are shopping for full coverage. Annual premiums from these companies are $1,294 and $1,368, respectively, on average, which breaks down to just $5 and $11 more per month than what Erie charges.

Rank
Company
Annual rate
1Erie$1,233
2State Farm$1,294
3Progressive$1,368
4Auto-Owners$1,772
5American Family$1,827
6Geico$1,949
7Allstate$2,782
N/AUSAA$904

*USAA is only available to current and former military members and their families.

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  • Full coverage adds collision and comprehensive coverages to liability insurance.
  • Collision coverage: Pays for repairs to your car after you collide with another car or a stationary object, no matter who is responsible for the collision.
  • Comprehensive coverage: Pays for repairs to your car caused by non-collision incidents, such as wild animals, storms or theft.

Cheap car insurance for drivers with prior incidents

Insurers base their rate tables on risk, and they view factors like a bad credit score, a speeding ticket or an at-fault accident as signs of a risky driver.

ValuePenguin analyzed thousands of quotes for Indianapolis drivers to find the best insurance companies for drivers who have:

Cheapest car insurance in Indianapolis after an accident: State Farm

On average, auto insurance rates in Indianapolis increase by 59% after an at-fault accident. However, State Farm only increased rates by 27% after an at-fault accident, from $1,294 to $1,614. Erie came in a close second, charging $1,671 per year, and Auto-Owners came in third, at $2,299.

Rank
Company
Annual rate
1State Farm$1,614
2Erie$1,671
3Auto-Owners$2,299
4Progressive$2,739
5American Family$3,055
6Geico$3,385
7Allstate$4,787
N/AUSAA$1,316

*USAA is only available to current and former military members and their families.

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Cheapest car insurance for people with a speeding ticket: Erie

Speeding tickets raise rates in Indianapolis, but only by $367 per year. Rates increase far more sharply after an at-fault accident ($967 more) or a DUI ($1,233 more).

Start your search with Erie if you're looking for affordable coverage after a speeding ticket. Rates go up from $1,233 to $1,336 — an increase of $103 per year (about $9 per month). That's 33% cheaper than the city average for a speeding ticket, which is $2,008.

Rank
Company
Annual rate
1Erie$1,336
2State Farm$1,410
3Auto-Owners$1,772
4American Family$2,089
5Progressive$2,091
6Geico$2,534
7Allstate$3,680
N/AUSAA$1,153

*USAA is only available to current and former military members and their families.

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Cheapest car insurance for drivers with a DUI: Progressive

A DUI on your record will cause your rates to skyrocket in Indianapolis, from $1,641 on average before you receive a citation to $2,874 afterwards. Progressive had the best rates for our sample driver with a DUI, charging $1,694 per year — 41% less than the state average.

Rank
Company
Annual rate
1Progressive$1,694
2Erie$2,008
3State Farm$2,043
4American Family$3,471
5Allstate$3,715
6Geico$4,089
7Auto-Owners$4,527
N/AUSAA$1,446

*USAA is only available to current and former military members and their families.

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Cheapest car insurance for drivers with poor credit: State Farm

Your ability to drive safely has nothing to do with your credit score, but insurers nevertheless factor your credit into your rates. Drivers in Indianapolis with very good credit pay $1,138 per year on average for full coverage, whereas drivers with average credit pay $1,393 per year and drivers with poor credit pay $2,223.

The cheapest rates for drivers with poor credit come from State Farm. At $2,016 per year, State Farm's rates are 9% cheaper than the city average. Get a quote from Geico, as well; ValuePenguin's analysis found that the company's average rates are just $11 more per year.

Rank
Company
Annual rate
1State Farm$2,016
2Geico$2,027
3Progressive$2,170
4Auto-Owners$2,197
5Erie$2,533
6American Family$2,617
7Allstate$2,782
N/AUSAA$1,441

*USAA is only available to current and former military members and their families.

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Cheapest car insurance for married drivers: Erie

Erie had the best rates for married drivers, according to ValuePenguin's analysis. The company charges $1,095 per year for full coverage. That's $138 less than its rates for single drivers and $504 less than the city average for married drivers.

Rates are cheaper for married drivers because they statistically get into fewer accidents than single drivers do. Married drivers in Indianapolis pay $42 less per year than single drivers do; average rates are $1,599 per year.

Rank
Company
Annual rate
1Erie$1,095
2Progressive$1,101
3State Farm$1,294
4Auto-Owners$1,772
5American Family$1,827
6Geico$2,069
7Allstate$2,833
N/AUSAA$802

*USAA is only available to current and former military members and their families.

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Cheapest car insurance for young drivers: Erie

The best rates for young drivers in Indianapolis come from Erie. While the average annual premium for our sample 18-year-old Indianapolis driver is $4,661 per year, Erie charges $3,028, which is 35% cheaper.

Young drivers pay more because they get into accidents more frequently. In Indianapolis, you'll pay $3,020 more per year as an 18-year-old driver than you will as a 30-year-old driver.

Rank
Company
Annual rate
1Erie$3,028
2State Farm$4,180
3Progressive$4,290
4Auto-Owners$4,890
5Geico$4,894
6American Family$6,724
7Allstate$7,574
N/AUSAA$1,710

*USAA is only available to current and former military members and their families.

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Best auto insurance companies in Indianapolis

In a survey, ValuePenguin asked customers of major national insurers how happy they were with their most recent claims experience. Of the insurers in this study, USAA, American Family and State Farm had the highest percentages of "extremely satisfied" policyholders.

For more information about the customer service reputations of the companies in this study, see our page on the best cheap car insurance in Indiana.

Average car insurance cost in Indianapolis, by ZIP code

Auto insurance rates vary by ZIP code as well as by city. Crime rates, a high percentage of uninsured drivers or high-traffic areas can cause insurers to raise rates.

We found that depending on where you live in Indianapolis, rates can differ by $334. The cheapest full coverage in Indianapolis was in ZIP code 46280, with average premiums of $1,451 per year, while the most expensive was in 46218, with average premiums of $1,785.

ZIP code
Average rate full coverage
Average rate minimum coverage
46201$1,747$581
46202$1,708$576
46203$1,711$575
46204$1,696$569
46205$1,747$603
46208$1,766$601
46214$1,599$580
46216$1,629$580
46217$1,585$574
46218$1,785$579
46219$1,658$570
46220$1,635$586
Show All Rows
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Auto theft statistics in Indianapolis

Indianapolis had the highest rate of motor vehicle theft in Indiana, according to ValuePenguin's analysis of 2018 FBI crime data. For every 1,000 residents, about 5.6 cars are stolen.

Rank
City
Population
Car thefts
Thefts per 1,000
1Indianapolis877,5844,9475.6
2Fort Wayne267,6345482.0
3Evansville118,7655094.3
4South Bend4102,3974804.7
5Gary75,4264566.0
6Hammond76,0502913.8
7Lafayette72,9041421.9
8Bloomington85,7301321.5
9Fishers94,035680.7
10Carmel94,128600.6

Motor vehicle theft data was pulled from the FBI 2018 Indiana Crime Report.

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Methodology

ValuePenguin gathered and analyzed quotes from eight of the largest insurers in Indiana. Unless otherwise noted, the rates represent a full coverage policy purchased for a 30-year-old driver of a 2015 Honda Civic EX with an average credit score.

The full coverage policy we gave our driver included the following limits:

Coverage type
Study limits
Bodily liability$50,000 per person/$100,000 per accident
Personal injury protection$10,000
Property damage$25,000 per accident
Uninsured/underinsured motorist bodily injury$50,000 per person/$100,000 per accident
Comprehensive and collision$500 deductible
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Quadrant Information Services provided ValuePenguin with the rate data used in this analysis. Rates were publicly sourced from insurer filings. Your own quotes will likely differ based on your personal information; the quotes in this study are intended solely for comparative purposes.

Mark is a Senior Research Analyst for ValuePenguin focusing on the insurance industry, primarily auto insurance. He previously worked in financial risk management at State Street Corporation.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.