Cheap Car Insurance in Indiana

Car insurance requirements in Indiana

Here’s what you need to know when driving in Indiana

Car insurance is like taxes; if you’re in the United States, there’s no way to get around it legally. Indiana, like all states, requires by law that drivers on its state roadways carry (at a minimum) a certain level of coverage.

Proof of coverage is also mandatory, meaning you had better have that policy handy in case you’re pulled over. Failure to do so can result in significant penalties.

Sounds expensive? Not necessarily. Opting for minimum coverage policies is cheaper than full coverage, but it’s not without risks. That said, on average, most drivers pay around $414 yearly for minimum coverage to comply with state laws.

What are the minimum amounts of Car insurance in Indiana that every driver must carry?

• Bodily injury liability coverage: $25,000 per person

• Bodily injury liability: $50,000 per accident

• Property damage liability coverage: $25,000 per accident

Optional Car insurance coverage in Indiana

Even if you’re on a budget, it might make sense to find a cheap full coverage car insurance or comprehensive car insurance policy. Although more expensive than ‘liability only’ policies, this coverage could end up saving you BIG in the long run. In other cases, such as when paying off a car loan, you may be required to maintain a comprehensive policy until your car is paid off.

Optional Types of Coverage Vary By Carrier and May Include:

• Full or comprehensive coverage

• Collision coverage

• GAP insurance

• Medical coverage

• Emergency Roadside assistance service packages

• Rental car reimbursement

• Uninsured motorist coverage

• Underinsured motorist coverage

What are the penalties for driving without Car insurance in Indiana?

Drivers in Indiana are required by law not only to be insured but also to carry PROOF of insurance when operating a vehicle on public roadways within the state.

Those caught driving without insurance face severe penalties, including but not limited to suspension of driver’s license, steep fines, and a reinstatement fee for driving as an uninsured motorist.

Penalties for driving without Auto insurance in Indiana

The state of Indiana has taken a hard and fast stance on those who violate its laws regarding auto insurance coverage.

• First-time offenders face a 90-day suspension of driving privileges and the mandatory carrying of an SR-22 certificate for 3-years

• Second-time offenders face a 1-year suspension of their driver’s license and a $500 fine, in addition to carrying an SR-22 for 3-years

• Third, any subsequent offenses result in a 1-year suspension of their driver’s license, a $1000 reinstatement fee, and carrying an SR-22 for 5-years

Cheap auto insurance in Indiana for minimum coverage

Shopping for car insurance in Indiana isn’t the most exciting thing (we know), but if there’s one thing we think everyone can agree on, finding a deal is never a bad thing.

Regarding cheap auto insurance, minimum liability car insurance policies are the cheapest and most affordable way to satisfy your legal requirement of state minimum coverage without breaking the bank.

How much does Auto insurance in Indiana cost?

This one is more complicated to answer. There are a multitude of factors that play a role in an auto insurance company giving you a custom quote on rates.

That said, data shows that drivers in Indiana who opt for full coverage pay around $1358/year or around $113/month for full coverage, while drivers who opt for minimum coverage pay around $414/year or about $35/month.

What determines your Auto insurance premiums in Indiana?

• Your vehicle’s make and model

• Your driving habits

• Age

• Zip code

• Marital status

• Driving record

Although insurance companies are prohibited from discriminating based on gender, ethnicity, and credit score, there is notable bias in data when evaluating insurance premiums concerning these elements.

How age affects your Auto insurance premiums in Indiana

Although there isn’t a hard and fast rule here, the consensus among auto insurers is that the older you are (within reason), the less likely you are to have an accident.

For example, logically, a 30-year-old with a family is likely to be a more responsible driver than an 18-year-old in high school. Similarly, young drivers in Indiana have yet to have a chance to build up a good driving record and have less experience behind the wheel.

Because of this, typically, we see a lower premium the older you get. Around age 25, car insurance rates go down in cost until around age 60, when they tend to increase again.

Cheap auto insurance in Indiana for young drivers

Data shows that young drivers (teens) pay about twice as much in premiums as a 30-year-old in Indiana. This data also reveals that many teens spend upwards of $1778 MORE than the national average for car insurance (yikes).

Every driver should have a fair chance at cheap auto insurance. That’s why we work with a broad range of insurance providers to compare prices and find the most affordable options for car insurance for teens.

How location affects your Car insurance premiums

The state you live in and your zip code affect the rates you’ll pay for cheap auto insurance.

Insurance providers lump together groups of drivers based on location, using data including crime rates and accidents per capita to approximate your level of risk.

For example, auto insurance costs tend to be higher in highly populated cities (such as Indianapolis) than in rural areas of the state.

Cheap auto insurance in Indiana with an at-fault accident on your driving record

Do you have a less-than-stellar driving history? Have you been found at fault in one or more accidents? If so, you may feel cheap car insurance is beyond your reach. While it’s true that having an accident history can and often does increase your premiums, you can still shop around for the lowest of the bunch.

On average, our data shows that many insurance providers increase rates by as much as $620 annually for those with an at-fault accident on their record.

Cheap auto insurance in Indiana for those with bad credit, how will this affect your rates?

Millions of Americans and tens of thousands of individuals in Indiana need better credit. With inflation rising and living costs through the roof, it’s no wonder many individuals are having trouble paying the bills. But how does this affect your ability to get cheap auto insurance in Indiana?

There is a correlation between bad credit and filing auto insurance claims, leading many insurance companies to factor in aspects such as income and credit ratings for various zip codes when giving out price insurance quotes. It might not be fair, but we don’t make the rules; we work tirelessly to help connect you with the best rates.

For example, industry data shows that drivers in Indiana with poor credit often pay up to $1228 more per year than those with excellent credit. Insurance Navy specializes in Bad credit car insurance coverage for all cars and drivers.

How does marital status affect your Auto insurance premiums?

It probably didn’t cross your mind, but marital status (single or married) actually can result in paying more or less for cheap auto insurance.

Insurance companies have found that statistically speaking, married individuals are less likely to get in an accident and, therefore, pay lower rates, making their policies cheaper than those of a single individual (all other things being equal).

How the type of car you drive can affect your Auto insurance premiums in Indiana

The vehicle you drive is one of the biggest factors car insurance companies use when determining your policy rate.

For example, a new vehicle or a luxury model is worth more than an older basic model, requiring a larger payout for repairs or replacement in the event of an accident.

On the flip side, a sports car will have a higher premium due to the vehicle’s price tag and the increased risk of accidents associated with sports cars.

By contrast, a family sedan will be considered safer and less likely to be involved in accidents with a much more affordable policy.

How much you drive your vehicle plays a role also

Did you know that the number of miles you put on your vehicle and what your car is used for can impact the cost of your auto insurance?

On average, drivers who drive more than 20,000 miles per year are 5% more on their policy than drivers who put on 7,500 miles or less.

Similarly, drivers who only use their vehicles for short in-town errands and those who use their cars to commute daily tend to pay less.

Fewer miles and less time on the road, on fewer ‘high risk’ roadways, equates to a lower chance of accidents…something insurance companies prefer and reward with a lower insurance premium.

How does your driving record affect your chances of getting Cheap car insurance in Indiana?

It shouldn’t be surprising that having citations on your record increases your risk profile, resulting in higher premiums. But how much, on average, do these valuations increase your premiums?

Indiana auto insurance rate increases by violation (averages):

• NOT at-fault accident - 6%

• 1 Comp claim - 8%

• 2 Comp claims - 14%

• Failure to show documents to law enforcement - 18%

• Failure to wear a seatbelt - 18%

• Child safety restraint violation - 20%

• Driving without lights - 20%

• Driving on expired registration - 21%

• Cell phone use violation - 25%

• Speeding 6-10mph over the limit - 25%

• Illegal turn - 26%

• Failure to yield - 27%

• Speeding 16-20mph over the limit - 27%

• Improper passing - 27%

• Racing or Reckless driving - 89%

• Leaving the scene of a crime - 97%

• Driving on a suspended license - 94%

*Examples are averages and vary widely depending on the particular carrier. The list is not exhaustive and is meant to give a representative sample of common traffic violations.

What’s the Cheapest car insurance in Indiana after a DUI?

The state of Indiana has taken a hard stance against driving under the influence, and so have its auto insurance providers. In addition to facing steep legal penalties and fines, you can expect to pay more for car insurance.

Those with a DUI conviction on their record are typically considered high-risk drivers, meaning cheap policies are out of the question. That said, shopping around will be the best route for finding a policy that will be good for your wallet.

At Insurance Navy, we work with many insurance companies to get you the best rate.

Even so, don’t be surprised if some insurance companies charge 90% higher for those with a DUI than a driver with a clean record.

SR-22 insurance in Indiana

Obtaining and holding SR-22 Insurance in Indiana is a common legal requirement as part of the penalties imposed due to a DUI conviction, at-fault collisions, driving with a suspended license, driving without insurance, or having too many ‘points’ on your license.

Although sometimes referred to as insurance, an SR-22 is a certificate of financial responsibility or bond offered by the insurance company to assure the state that you have a certain amount of coverage in the event of an accident.

What is the Cheapest auto insurance in Indiana for drivers with speeding tickets?

Speeding is a common driving offense that can considerably negatively impact insurance affordability; a speeding ticket can often raise car insurance rates by as much as 10-20%.

Generally speaking, you might need to suck it up right now but know that in most cases, within 3-5 years, your rates should begin to go back down (presuming you don’t have any other driving infractions during that time).

Getting multiple car insurance quotes is your best bet, and Insurance Navy can help.

The Best auto insurance rates in Indiana for safe drivers

Like how bad drivers are punished, insurance companies reward those with good driving records. Being a good driver varies in definition from one company to the next. However, it typically involves no (or few) blemishes on your driving record.

A good driving record will result in lower premiums. However, you may also qualify for ‘safe driving’ discounts, lower deductibles, and other perks!

Cheap car insurance rates in Indiana by city

As mentioned earlier, your zip code dramatically impacts how much you can expect to pay. While we only have some of this data handy, we can help give you some numbers that should provide insight.

The cheapest car insurance rates have been found for those who live in Shadeland, IN, with the most expensive policies in Gary, IN.

Average Auto insurance premium in Indiana by city:

• Carmel, IN = $1177/yr

• Fort Wayne, IN = $1231/yr

• South Bend, IN = $1248/yr

• Evansville, IN = $1332/yr

• Indianapolis, IN = $1398/yr

Car insurance price trends in Indiana

Are you curious about what everyone else is paying and how prices may have increased or decreased over time? You’re not alone. The average auto insurance premium in Indiana runs about $1261 per year. It has increased by a whopping $73 or 5.8% since last year.

In other words, year over year, Indiana residents are paying about 5.8% more than they did the year prior. Although no one is happy about rate increases (especially in this economy), 2016-2017 was the year prices increased the most, while 2011-2012 insurance premiums dropped significantly.

That’s the bad news. The good news is that OVERALL, auto insurance premiums in Indiana, on average, are still cheaper than the nationally reported average costs.

Best cities for Cheap car insurance in Indiana

While no one is likely changing zip codes to get a better rate on car insurance, knowing that you live in an area with lower rates may give you the peace of mind and kick in the pants you need to switch services or connect with a broker like Insurance Navy to make sure you’re getting the best rates.

Remember, rural areas will almost always be cheaper, but if you get to choose where you rent/buy your next home or apartment, these cities will save you big on car insurance.

The following cities in Indiana are the best for Cheap car insurance

*The cheapest annual rates for car insurance in Indiana’s largest cities and towns.

Tips for how to get Cheap car insurance in Indiana

Quote comparison - one and one at Insurance Navy

One of the most effective ways to find the cheapest car insurance in Indiana is to shop around. Sounds time-consuming? It doesn’t have to be. At Insurance Navy, we work with a selection of the industry’s best insurance providers, able to get you the best price and value across several companies without you having to lift a finger. With one submission for a price quote, we can connect you with the best policies for your budget and needs.

Understand how various factors can impact your Auto rates

In this guide, we explored the most significant life choices and circumstances that affect how much you pay for auto insurance. While some of these can’t be easily changed (like getting married), you can use others to your advantage.

Choosing the correct type of Auto coverage

At Insurance Navy, we take much pride in helping educate individuals such as yourself about the various types of insurance policies available and working with you to find the RIGHT policy that fits your needs, that way, you pay for precisely what you require and nothing else.

Don’t let your Auto policy lapse

A common mistake, especially for those who may not drive their vehicle for some time, is letting their policy lapse. At worst, policy lapses can be a red flag to insurance providers; at best, they break up the long history of good driving habits you’ve built up.

Consider Uninsured motorist coverage

Research shows that around 17% of all Indiana drivers are operating on roadways without insurance. Although this additional protection won’t decrease your premiums, it can save you money.

Find Cheap auto insurance you can afford with Insurance Navy!

Insurance Navy is finds Indiana drivers the most affordable car insurance coverage with Instant proof on insurance. Working as a car insurance broker, we give Indiana drivers access to a host of top insurance carriers all under one roof, making car insurance quote comparisons and shopping around a breeze.