Who Has The Cheapest Auto Insurance in Indianapolis?
Who Has The Cheapest Auto Insurance in Indianapolis?

Who Has The Cheapest Auto Insurance in Indianapolis?

Erie offered the best rates for both minimal and fully coverage car insurance in Indianapolis, Indiana. Erie customers pay $ 27 per calendar month on average for minimal coverage and $ 103 per month for full coverage .
minimum coverage in Indiana costs $ 488 on modal across the state of matter, but residents of Indianapolis pay 18 % more, with average premiums of $ 577. Residents of big cities much pay higher car policy premiums, due to factors such as increased traffic and car larceny rates .
Full coverage from Allstate, the most expensive insurance company, costs $ 1,500 more than full moon coverage from State Farm, the cheapest insurance company. 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 express average, which is $ 577, saving drivers $ 168 per annum.

Erie had the cheapest widely available rates in our study, at an average of $ 27 per calendar month. however, State Farm cost barely $ 7 more per month ( $ 34 monthly ) and american Family cost good $ 15 more per calendar month ( $ 42 monthly ) .
Members of the armed forces and their families should get quotes from USAA, which offered the cheapest car policy quotes overall. eligible drivers in Indianapolis will pay precisely $ 26 a calendar month .
A chart of the cheapest car insurance companies in Indianapolis, Indiana.

Compare Car Insurance Rates in Indianapolis

presently insured ? low rates make minimum coverage attractive to many consumers, but be aware of what you ‘re purchasing. minimum coverage does n’t pay for any damages to your own fomite after an accident, leaving you in full financially creditworthy for repairs .

Cheapest full coverage car insurance in Indianapolis: Erie

Erie besides boasts the most low-cost rates for full moon coverage. Drivers will pay $ 1,233 per year, which is $ 408 less than the city modal of $ 1,641 per annum. 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 equitable $ 5 and $ 11 more per calendar 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
  • Full coverage adds collision and comprehensive coverages
  • 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.

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Cheap car insurance for drivers with prior incidents

Insurers base their rate tables on gamble, and they view factors like a bad accredit score, a speeding ticket or an at-fault accident as signs of a bad driver .
ValuePenguin analyzed thousands of quotes for Indianapolis drivers to find the best policy companies for drivers who have :

Cheapest car insurance in Indianapolis after an accident: State Farm

On average, car policy 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

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 precipitously after an at-fault accident ( $ 967 more ) or a DUI ( $ 1,233 more ) .
Start your search with Erie if you ‘re looking for low-cost coverage after a speed slate. 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 speed 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

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 distribution 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

Cheapest car insurance for drivers with poor credit: State Farm

Your ability to drive safely has nothing to do with your credit rating score, but insurers however factor your credit into your rates. Drivers in Indianapolis with very good credit pay $ 1,138 per year on average for fully coverage, whereas drivers with average credit pay $ 1,393 per year and drivers with poor people accredit pay $ 2,223 .
The cheapest rates for drivers with poor people credit come from State Farm. At $ 2,016 per class, State Farm ‘s rates are 9 % cheaper than the city average. Get a quote from Geico, as well ; ValuePenguin ‘s psychoanalysis 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

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 moon 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 marital drivers because they statistically get into fewer accidents than single drivers do. Married drivers in Indianapolis pay $ 42 less per class than single drivers do ; average rates are $ 1,599 per year .

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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

Cheapest car insurance for young drivers: Erie

The best rates for young drivers in Indianapolis come from Erie. While the average annual agio 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

Best auto insurance companies in Indianapolis

In a sketch, ValuePenguin asked customers of major national insurers how happy they were with their most recent claims experience. Of the insurers in this cogitation, these three had the highest percentages of “ extremely quenched ” policyholders :
For more information about the customer service reputations of the companies in this study, see our page on the best cheap car policy in Indiana .

Average car insurance cost in Indianapolis, by ZIP code

car policy rates vary by ZIP code vitamin a well as by city. crime rates, a gamey share 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 modal 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

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Auto theft statistics in Indianapolis

Indianapolis had the highest rate of motor fomite larceny 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

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Methodology

ValuePenguin gathered and analyze quotes from eight of the largest insurers in Indiana. Unless otherwise noted, the rates represent a broad coverage policy purchased for a 30-year-old driver of a 2015 Honda Civic EX with an average recognition score .
The broad 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 insurance company filings. Your own quotes will likely differ based on your personal information ; the quotes in this sketch are intended entirely for comparative purposes .

source : https://aricantisp.com
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