Who Has The Cheapest Auto Insurance in Indianapolis?
Who Has The Cheapest Auto Insurance in Indianapolis?
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 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.
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
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 |
|---|---|---|
| 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
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 |
|---|---|---|
| 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).
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 |
|---|---|---|
| 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
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 |
|---|---|---|
| 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.
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 |
|---|---|---|
| 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
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 |
|---|---|---|
| 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
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 |
|---|---|---|
| 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.
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.
Depending on where you live in Indianapolis, rates can differ by up to $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.