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.
Find the Cheapest Auto Insurance Quotes in Your Area
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.
| Rank | Auto Insurance Company | Average Annual Rate |
|---|---|---|
| 1 | The Cincinnati | $720 |
| 2 | Progressive | $903 |
| 3 | Erie | $936 |
| 4 | GEICO | $980 |
| 5 | Western Reserve | $1,140 |
| 6 | Westfield | $1,140 |
| 7 | State Farm | $1,164 |
| 8 | First Chicago FIRST | $1,188 |
| 9 | The General | $1,200 |
| 10 | Indiana Farmers Mutual | $1,224 |
| 11 | Motorists Mutual | $1,248 |
| 12 | Utica National | $1,284 |
| 13 | Farmers | $1,308 |
| 14 | American Family | $1,332 |
| 15 | Nationwide | $1,404 |
| 16 | Allied | $1,440 |
| 17 | Sentry | $1,464 |
| 18 | Allstate | $1,488 |
| 19 | Victoria | $1,488 |
| 20 | Grange Mutual | $1,524 |
| 21 | State Auto | $1,644 |
| 22 | Hastings Mutual | $1,716 |
| 23 | American Freedom | $1,776 |
| 24 | Celina Insurance | $1,812 |
| 25 | Kemper Specialty | $1,848 |
| 26 | United Farm Bureau | $1,908 |
| 27 | Wolverine Mutual | $1,944 |
| 28 | Pekin Insurance | $1,944 |
| 29 | First Chicago Maverick | $2,040 |
| 30 | Safe Auto | $2,460 |
| 31 | Hanover | $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.
| Neighborhood | Average 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 Company | Best For... |
|---|---|
| The Cincinnati | Price |
|
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.
| Rank | Highway | Number of Fatal Accidents (2011 - 2015) | Percent That Involve Drunk Driver |
|---|---|---|---|
| 1 | WASHINGTON ST | 26 | 15.4% |
| 2 | 38TH ST | 10 | 20% |
| 3 | EMERSON AVE | 9 | 11.1% |
| 4 | I-70 | 9 | 22.2% |
| 5 | I-465 | 8 | 25% |
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 Type | Indiana Minimum | Study 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 BI | None | $50,000 Per Person/ $100,000 Per Accident |
| Uninsured/Underinsured Motorist PD | None | $50,000 Per Accident |
| Personal Injury Protection | None | None |
| Comprehensive and Collision | None | $500 Deductible |
Sources:
Fatal car accident and DUI data: FARS 2011 to 2015.