The best cheap car insurance in Indiana

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Indiana makes the list of the top 10 least expensive states for car insurance in the US, according to the Insurance Information Institute. Indiana drivers pay around $744 a year. While car insurance is cheap here, it’s still possible save if you’re willing to do some comparison shopping.

Before committing to a policy or company, you’ll want to shop around and get quotes from four or five companies and compare them.

Car insurance companies consider your location, age, gender, and driving record to calculate rates for premiums. Other factors like credit score, marital status, vehicle type, previous coverage, and miles driven can all play a role in the amount you’ll pay for coverage.

Minimum car liability insurance requirements in Indiana

Liability coverage is required by law. If you’re involved in an accident, liability insurance covers damage you cause to the other vehicle, driver, and its passengers. If you finance or lease your car, your lender probably requires comprehensive and collision coverage.

The two main components of liability insurance are bodily injury and property damage, which most states require. Liability insurance also includes uninsured motorist and underinsured motorist coverage, to protect you when an at-fault driver hits you and they have no coverage, or not enough coverage.

Indiana requires bodily and property coverage, according to the Insurance Information Institute. Indiana minimum liability requirements are 25/50/25, which means up to $25,000 of injury protection for each person involved in an accident, up to $50,000 worth of injuries per incident, and up to $25,000 of property damages per incident.

Best cheap car insurance in Indiana based on credit score

Consumer Reports obtained insurance pricing formulas from every insurance company in every US state. With each company looking at different factors differently and each state having different laws, there are very different answers to which insurance company is best for every scenario and in each state. Here are the best companies for Indiana drivers according to this data, along with the average annual premium for a single adult driver in each state.

Best car insurance for Indiana drivers with a clean record

For a driver in Indiana age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:

*USAA is only for active military, veterans, and their families.

Above data obtained from Savvy, based on 1,510 policyholders in the state of Indiana

Best car insurance for Indiana drivers with one or more accidents

For a driver in Indiana age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:

Above data obtained from Savvy, based on 1,510 policyholders in the state of Indiana

Average premiums for seniors and teen drivers in Indiana

The table below shows the average senior and teen drivers can expect to pay in Indiana. Because teen drivers are new drivers with little driving history and more prone to accidents, their rates are high. Most insurance companies offer discounts to teen drivers for good grades or taking driving safety classes.

Senior drivers typically see an uptick in car insurance premiums as they age, but not as much of an increase as new or teen drivers. If you’re still driving in your 60s and 70s, there are ways to negotiate cheaper auto insurance rates, like pay-per-mile usage.

Data provided by Goosehead Insurance

Indiana car insurance rates by city

Below is the estimated average annual premium of auto insurance policies per household in Indiana’s most populous cities:

Data from S&P Global Market Intelligence

Best car insurance in Indiana based on customer satisfaction

Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the North Central region (which includes Indiana):

Most popular car insurance companies in Indiana based on market share

The following are the most popular car insurance companies in Indiana, based on the percentage of insured Indiana drivers who use them:

*USAA is only for active military, veterans, and their families.

Data from S&P Global Market Intelligence

Who gets the best cheap car insurance in Indiana?

Drivers who get the best cheap car insurance in Indiana are those who have the best credit score, as the numbers show above. Those who have the best driving records, several years of driving experience, and who have a more affordable car to insure will generally pay the least in insurance premiums each year.

Some of those things are quite simply beyond your control, however. Besides working to raise your credit score, one thing you can do is shop around for the best coverage for you. Get quotes from several different companies and compare them. Make sure to look past the premium and look at the coverage types and limits that each insurance company is offering. Also consider the deductible, or the amount you’ll pay out of pocket if you get into an accident.

Once you find a policy with the most coverage and the lowest deductibles and premiums, you’ll have narrowed it down to the best policy for your money.

This content was originally published here.