Best Car Insurance in Indiana for 2022 | Bankrate
Best Car Insurance in Indiana for 2022 | Bankrate

Best Car Insurance in Indiana for 2022 | Bankrate

Based on Bankrate ’ s extensive analysis of the largest indiana car insurance companies by market share, some of the best car policy in Indiana is sold by USAA, Geico and State Farm. Auto-Owners and Progressive are besides contenders, as they ranked highly based on our scoring metrics, which included modal premiums, coverage options, available discounts and third-party rankings. Indiana drivers pay an average of $ 1,242 per year for fully coverage car indemnity, which is lower than the home average of $ 1,771 per year for the lapp coverage, based on Bankrate ’ randomness 2022 study of quoted annual premiums. however, price is not the only gene you may want to consider when shop for car indemnity. Our singular Bankrate Score model can help you learn how to form a all-around watch of a carrier and aid you choose a company that fits your needs and budget.

Best car insurance companies in Indiana

According to our research, USAA, Geico, State Farm, Auto-Owners and Progressive offer some of the best car insurance in Indiana. Bankrate ’ s indemnity editorial team systematically reviewed third-party customer atonement ratings, fiscal intensity rankings, coverage options and available discounts for the largest car policy companies by market parcel in the Hoosier State. We besides reviewed average quoted premiums obtained from Quadrant Information Services. These factors were then converted into a Bankrate Score on a 5.0 scale. The higher the Bankrate Score, the higher a company ranked in each scoring category. Based on our inquiry, the five best policy companies in Indiana are : *Not officially ranked by J.D. Power due to eligibility restrictions

BEST FOR MILITARY-FOCUSED COVERAGE

USAA

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5 Bankrate mark
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J.D. Power

895/1,000

AM Best

A++

annual Premium

$906

USAA offers its customers excellent customer gratification, a depleted median pace for full moon coverage, batch of coverage options and several discounts. USAA has the lowest average annual full coverage premium on our list and provides numerous discounts for its policyholders, which may help save even more. however, the company is not eligible for official ranking with J.D. Power due to its eligibility restrictions, and the company is alone available to military members and veterans, a well as certain qualifying kin members. not all drivers will qualify for coverage .
Learn more: USAA insurance review

  • Pros

    • Highest J.D. Power customer satisfaction scores on our list
    • Lowest average full coverage premiums on our list
    • Coverage is tailored to military needs

    Cons

    • Not available to everyone
    • Fewer specialty coverage options than some competitors

BEST FOR DRIVING INCIDENTS

Geico

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4.7 Bankrate score
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J.D. Power

837/1,000

AM Best

A++

annual Premium

$912

Geico is long-familiar in the indemnity industry for having some of the lowest rates available. Geico ’ s median annual premium is the second-lowest on our list, and the carrier may be a full choice if you ’ re on a budget but don ’ thyroxine qualify for USAA. The company besides offers a wide array of discounts to help customers lower their premiums even more. however, Geico does not offer as many optional coverage types as some other carriers, and its policies are relatively basic .
Learn more: Geico indemnity inspection

  • Pros

    • Lowest average minimum coverage rate on our list
    • Highly-rated mobile app and digital tools
    • Lots of potential discounts

    Cons

    • Below-average J.D. Power customer satisfaction score in this region
    • Fewer coverage options than some competitors

BEST FOR LOCAL AGENCIES

State Farm

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4.7 Bankrate score
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J.D. Power

851/1,000

AM Best

A++

annual Premium

$960

country farm is one of the best-known indemnity companies in the industry. The company may appeal to you if you prefer to do business with an in-person agent quite than handling your policy needs online, as the company sells its products through local agents. however, the caller has a higher-than-average overall complaint index score from the National Association of Insurance Commissioners ( NAIC ). A 1.00 score represents an average act of complaints. State Farm ’ s overall score is 1.55, meaning that the NAIC receives more complaints than average regarding State Farm .
Learn more: State Farm indemnity review

  • Pros

    • Higher-than-average J.D. Power customer satisfaction score in this region
    • Lots of local agencies

    Cons

    • May not be available to high-risk drivers
    • No gap coverage available

BEST FOR POTENTIAL DISCOUNTS

Auto-Owners

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4.5 Bankrate score
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J.D. Power

842/1,000

AM Best

A++

annual Premium

$1,103

Auto-Owners is a regional aircraft carrier selling coverage in 26 states, including Indiana. Auto-Owners offers respective coverage options to choose from, including opening policy, diminished value coverage and raw car substitute. however, Auto-Owners does not provide quotes online at this time. You will need to work with a local anesthetic agent to get a quotation mark and sign up for policy .
Learn more : Auto-Owners Insurance review

  • Pros

    • Long list of potential discounts
    • Above-average J.D. Power customer satisfaction score in this region
    • Wide range of coverage options

    Cons

    • Fewer digital tools than some competitors
    • Because no online quoting is available, you’ll need to work with an agent to get a quote and sign up

BEST FOR DIGITAL POLICY MANAGEMENT

Progressive

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4.4 Bankrate score
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J.D. Power

842/1,000

AM Best

A+

annual Premium

$1,279

Progressive could be a estimable option if you value digital tools. The mailman ’ mho Name Your Price instrument lets you shop by inputting your choose car insurance rates. It then shows you a range of coverage options that fit your budget. however, Progressive does have the highest average rate for wax coverage on our list, although the company does offer numerous discounts, which could help you lower your premium.

Learn more: Progressive indemnity review

  • Pros

    • Two usage-based driving programs could help you get a personalized rate
    • Strong digital tools
    • Name Your Price tool allows you to see competitor rates

    Cons

    • Highest average full and minimum coverage rates on our list
    • Higher-than-average NAIC complaint index score

Average car insurance cost in Indiana

Indiana is one of the more low-cost states in the nation for car policy, possibly due to its first gear population concentration and competitive policy market. Indiana drivers can expect to pay an median rate of good $ 329 per class for minimum coverage and $ 1,242 per year for broad coverage. These average costs are cheaper than the national modal cost of car indemnity, which is $ 545 per annum for minimal coverage and $ 1,771 per annum for full coverage. Bankrate ’ s policy bounty data is obtained from Quadrant Information Services. These rates reflect a driver with a clean driving record ; your rates will vary based on your unique rating factors. Indiana ’ s low cost of indemnity may be linked to its decreasing number of license drivers. between 2011 and 2019, the number of license drivers in the Hoosier State dropped from over 6.5 million to just under 4.6 million. Fewer drivers on the road may mean fewer accidents .

Average annual premium for minimum coverage in Indiana Average annual premium for full coverage in Indiana
$329 $1,242
  • City Average annual full coverage premium Average annual minimum coverage premium
    Bloomington $1,175 $314
    Carmel $1,115 $320
    Evansville $1,267 $372
    Fishers $1,127 $326
    Fort Wayne $1,172 $331
    Gary $1,928 $475
    Hammond $1,767 $450
    Indianapolis $1,285 $355
    Lafayette $1,104 $306
    South Bend $1,184 $321

How to find the best car insurance in Indiana

Everyone ’ south needs are different, so car insurance is highly personalized to each driver. That means the best car indemnity in Indiana ultimately depends on you and your unique situation. however, you can take some steps to make finding the right policy for your needs a little easier .

Consider minimum insurance requirements in Indiana

Indiana requires that drivers purchase at least minimum levels of car indemnity coverage. If you live in Indiana, you must purchase at least the state ’ randomness minimal limits of bodily injury liability and property damage indebtedness to drive legally. Auto policy companies must besides offer you uninsured motorist coverage and underinsured motorist coverage, although you can decline these in writing. You can not purchase lower than your submit ’ south minimum limits, so there ’ s no necessitate to memorize the legal requirements. however, understanding the minimal coverage limits could help you identify if you need higher limits or optional endorsements .

Consider lender requirements

If you have a loanword or lease on your vehicle, your policy needs may be different than a driver who owns their fomite outright. Because you share ownership of your vehicle with a fiscal institution, you will likely be required to carry comprehensive examination and collision coverages, frequently called “ full coverage. ” Both comprehensive coverage and collision coverage give you fiscal auspices for damage to your fomite. You may besides want to consider gap insurance, which is designed to pay the difference between the cash value of your vehicle and the remainder of your loanword if your vehicle is stolen or totaled .

Consider your individual needs

Life happens, and when it does, your car indemnity might change. If your adolescent driver gets their license, for model, you will probably be facing increased premiums. Or possibly you rear-end another driver, get a speed ticket or are convicted of a DUI. These incidents could flag you as a bad driver and increase your rates. Understanding your own specific scenario could help you find a company that sells coverage geared toward your site. Households with adolescent drivers could look for companies with scholar discounts, for example .

Car insurance discounts in Indiana

Although Indiana drivers tend to pay less for car policy than drivers elsewhere in the state, there are ways to save even more on your car policy premium. Most companies offer discounts to help you lower your premium. Some common car indemnity discounts in Indiana include :

  • Young driver discounts: Many companies offer good student discounts for full-time students under the age of 25 who maintain a certain GPA. Young drivers might also benefit from teen driver programs or distance student programs, if they go away to school without a car.
  • Safe driver discounts: If you have not been in an accident or gotten a ticket for a certain number of years (which varies by company), you could earn a safe driver discount. Good drivers may also benefit from a telematics program or pay-per-mile discount.
  • Other discounts: If you have more than one vehicle or insurance policy, keeping everything with the same insurance company can result in significant bundling discounts. You could also consider paying in full or going paperless to lower your bills.
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Because each caller offers its own discounts and has its own cover rules, talking with an agent is often the best means to identify savings opportunities. not all companies list all of their available discounts online .

Frequently asked questions

    • The best car policy in Indiana will vary based on your personal needs, wants and evaluation factors. If you are looking for the lowest-priced policy, the best party for you will likely be different from the best company for person looking for a specific coverage type. Making a list of your wants and needs and getting quotes from respective carriers could help you find the best car indemnity for your circumstances .
    • USAA, Auto-Owners and State Farm offer some of the cheapest cable car indemnity in Indiana. however, a company ’ randomness average rates may not reflect what your policy will cost. Your premium will depend on your individual evaluation factors, including your age, driving history and the coverage types and levels you choose. Auto policy rates vary by carrier for even the like coverage, so getting quotes from a few companies could help you find a policy that comes with the cheapest rates for you .
    • cable car policy is required in Indiana, so driving without indemnity is illegal. If you are caught, you will likely face fines and could have your license suspended. If you cause an accident, you ’ ll besides be responsible for property damage and injuries you cause. Auto indemnity is a legal prerequisite for all drivers. even if your budget is tight, you should seek out a policy that fits your needs .
    • Switching your car indemnity is a relatively easy task. First, get quotes and decide which carrier you ’ re going to move ahead with. That company will walk you through the steps to buying your policy, which may include making a payment and signing an application. once you have an effective date for the modern policy, contact your prior insurance company and ask to cancel your anterior policy on the lapp day that your new policy is effective. This eliminates any overlaps or lapses in coverage .

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean drive record, good credit and the surveil broad coverage limits :

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each country ’ sulfur requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a workweek and drive 12,000 miles annually. These are sample distribution rates and should only be used for comparative purposes .

Bankrate Scores

Bankrate Scores chiefly reflect a burden absolute of industry-standard ratings for fiscal lastingness and customer know in summation to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their fiscal auspices covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer digest.

To determine how well the best car indemnity companies satisfy these priorities, third-party means ratings from J.D. Power, AM Best, S & P, NAIC, and Moody ’ second had the most impingement on the companies ’ Bankrate Scores. As price is a common circumstance for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider. While coverage options, insurance company handiness, affordability and customer experience are often the top priorities, Bankrate besides analyzed each insurance company ’ randomness on-line and mobile resources for policy management and claims handling. insurance is quickly evolving to keep pace with our digital global, so these aspects besides carried burden in determining Bankrate Scores .

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