Who Has The Cheapest Auto Insurance Quotes in Indianapolis, IN?
Who Has The Cheapest Auto Insurance Quotes in Indianapolis, IN?
Find Cheap Auto Insurance Quotes in Indianapolis
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.
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 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.
Compare Car Insurance Rates in Indianapolis
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 |
|---|---|---|
| 1 | Erie | $322 |
| 2 | State Farm | $405 |
| 3 | American Family | $499 |
| 4 | Progressive | $554 |
| 5 | Geico | $756 |
| 6 | Auto-Owners | $869 |
| 7 | Allstate | $899 |
| N/A | USAA | $309 |
*USAA is only available to current and former military members and their families.
Cheapest full coverage car insurance in Indianapolis: Erie
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 |
|---|---|---|
| 1 | Erie | $1,233 |
| 2 | State Farm | $1,294 |
| 3 | Progressive | $1,368 |
| 4 | Auto-Owners | $1,772 |
| 5 | American Family | $1,827 |
| 6 | Geico | $1,949 |
| 7 | Allstate | $2,782 |
| N/A | USAA | $904 |
*USAA is only available to current and former military members and their families.
- 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
Rank | Company | Annual rate |
|---|---|---|
| 1 | State Farm | $1,614 |
| 2 | Erie | $1,671 |
| 3 | Auto-Owners | $2,299 |
| 4 | Progressive | $2,739 |
| 5 | American Family | $3,055 |
| 6 | Geico | $3,385 |
| 7 | Allstate | $4,787 |
| N/A | USAA | $1,316 |
*USAA is only available to current and former military members and their families.
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).
Rank | Company | Annual rate |
|---|---|---|
| 1 | Erie | $1,336 |
| 2 | State Farm | $1,410 |
| 3 | Auto-Owners | $1,772 |
| 4 | American Family | $2,089 |
| 5 | Progressive | $2,091 |
| 6 | Geico | $2,534 |
| 7 | Allstate | $3,680 |
| N/A | USAA | $1,153 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with a DUI: Progressive
Rank | Company | Annual rate |
|---|---|---|
| 1 | Progressive | $1,694 |
| 2 | Erie | $2,008 |
| 3 | State Farm | $2,043 |
| 4 | American Family | $3,471 |
| 5 | Allstate | $3,715 |
| 6 | Geico | $4,089 |
| 7 | Auto-Owners | $4,527 |
| N/A | USAA | $1,446 |
*USAA is only available to current and former military members and their families.
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.
Rank | Company | Annual rate |
|---|---|---|
| 1 | State Farm | $2,016 |
| 2 | Geico | $2,027 |
| 3 | Progressive | $2,170 |
| 4 | Auto-Owners | $2,197 |
| 5 | Erie | $2,533 |
| 6 | American Family | $2,617 |
| 7 | Allstate | $2,782 |
| N/A | USAA | $1,441 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for married drivers: Erie
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 |
|---|---|---|
| 1 | Erie | $1,095 |
| 2 | Progressive | $1,101 |
| 3 | State Farm | $1,294 |
| 4 | Auto-Owners | $1,772 |
| 5 | American Family | $1,827 |
| 6 | Geico | $2,069 |
| 7 | Allstate | $2,833 |
| N/A | USAA | $802 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers: Erie
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 |
|---|---|---|
| 1 | Erie | $3,028 |
| 2 | State Farm | $4,180 |
| 3 | Progressive | $4,290 |
| 4 | Auto-Owners | $4,890 |
| 5 | Geico | $4,894 |
| 6 | American Family | $6,724 |
| 7 | Allstate | $7,574 |
| N/A | USAA | $1,710 |
*USAA is only available to current and former military members and their families.
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, these three 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 |
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 |
|---|---|---|---|---|
| 1 | Indianapolis | 877,584 | 4,947 | 5.6 |
| 2 | Fort Wayne | 267,634 | 548 | 2.0 |
| 3 | Evansville | 118,765 | 509 | 4.3 |
| 4 | South Bend4 | 102,397 | 480 | 4.7 |
| 5 | Gary | 75,426 | 456 | 6.0 |
Motor vehicle theft data was pulled from the FBI 2018 Indiana Crime Report.
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 |
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.
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.