Cheap Auto Insurance in Indiana for 2024 (Find Savings With These 10 Companies)
Geico, Travelers, and Progressive are the leading providers of cheap auto insurance in Indiana, with rates starting at $22 per month. These providers stand out for their low prices and comprehensive coverage options, which are perfect for Indiana drivers needing low-cost, dependable insurance.
Free Auto Insurance Comparison
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
UPDATED: Dec 11, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
19,116 reviewsCompany Facts
Minimum Coverage in Indiana
A.M. Best Rating
Complaint Level
19,116 reviews
1,731 reviewsCompany Facts
Minimum Coverage in Indiana
A.M. Best Rating
Complaint Level
1,731 reviews
13,128 reviewsCompany Facts
Minimum Coverage in Indiana
A.M. Best Rating
Complaint Level
13,128 reviewsThe top providers of cheap auto insurance in Indiana are Geico, Travelers, and Progressive. All offer highly competitive rates and excellent coverage options. Geico is the top choice, with monthly premiums starting at $22.
Travelers offer flexible coverage and discounts; Progressive, on the other hand, provides options for different driving practices, such as safe driving and several insurance savings.
Our Top 10 Company Picks: Cheap Auto Insurance in Indiana
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $22 | A++ | Low Premiums | Geico |
 | #2 | $24 | A++ | Flexible Options | Travelers |
 | #3 | $25 | A+ | Broad Coverage | Progressive |
 | #4 | $27 | A | Custom Policies | Farmers |
 | #5 | $28 | B | Local Presence | State Farm |
 | #6 | $30 | A | Affordable Rates | Mercury |
 | #7 | $33 | A+ | Bundling Benefits | Nationwide |
 | #8 | $37 | A | Loyalty Discounts | American Family |
 | #9 | $48 | A+ | Drivewise Program | Allstate |
 | #10 | $63 | A | Discount Options | Liberty Mutual |
These three insurance companies offer the best deal with low premiums and excellent coverage and are, therefore, top picks for affordable auto insurance in Indiana. Avoid expensive auto insurance premiums by entering your ZIP code to see the cheapest rates for you.
- Geico provides the lowest auto insurance rates in Indiana, from $22/month
- Travelers provide flexible coverage options for Indiana drivers
- Progressive provides reasonable insurance with several discounts
#1 – Geico: Top Pick Overall
Pros
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
#2 – Travelers: Best for Flexible Options
Pros
- Coverage Options: Travelers offers roadside assistance and affordable liability coverage, making it an excellent choice for Elkhart, Indiana drivers.
- Finance Strength: Travelers have an A++ rating from A.M. Best, which indicates excellent financial health and security. Learn more in our Travelers auto insurance review.
- Competitive Pricing: Starting at $24 per month, premiums allow for very economical options regarding comprehensive coverage.
Cons
- Higher Premiums: Travelers’ total coverage premiums are higher than those of competitors, like Geico, which may not appeal to those seeking cheap car insurance in Elkhart, Indiana.
- Limited Local Access: Travelers has fewer agents in Indiana than in State Farm, making in-person service harder to access.
#3 – Progressive: Best for Broad Coverage
Pros
- Wide Coverage: Progressive offers wide coverage that is perfect for someone looking for cheap car insurance in Gary, Indiana, where full coverage is needed.
- Affordable Rates: At $25 monthly, Progressive provides competitive pricing for budget-conscious drivers.
- Strong Support: With an A+ rating from A.M. Best, Progressive ensures reliable customer service and claims processing.
Cons
- Premium Increases After Claims: Filing a claim may result in higher premiums, which could be a disadvantage for those seeking car insurance in Lake Station at a steady rate.
- Limited Discounts: Progressive provides fewer discounts than other insurance companies. This means there is less flexibility to save. Learn more from our Progressive Auto Insurance review.
#4 – Farmers: Best for Custom Policies
Pros
- Customizable Policies: They offer flexible choices that include accident forgiveness and liability coverage, making it suitable for anyone who wants individually tailored Indiana auto insurance.
- Affordable Premiums: Farmers offer inexpensive premiums starting at $27 per month. This is a cheap alternative if you want to know how much vehicle insurance costs in Indiana.
- Financial Stability: With an A rating from A.M. Best, Farmers offers reliable financial backing.
Cons
- Higher Rates for Young Drivers: According to our Farmer’s auto insurance review, young drivers looking for auto insurance in Indiana may be charged higher prices.
- Limited Discounts: Farmers offer fewer discounts than other providers, which could limit savings for drivers in Indiana.
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
#5 – State Farm: Best for Local Presence
Pros
- Local Presence: State Farm was established as a network in Indiana. It provides face-to-face services to policyholders who prefer face-to-face meetings.
- Cost-Effective Full Coverage: At $28 per month, State Farm provides cheap auto insurance in Indiana, making it a cost-effective choice for full coverage.
- Efficient Claims Handling: State Farm is known for quick claims processing, offering peace of mind with fast resolutions in auto insurance in Indiana.
Cons
- Lower Financial Rating: With a B rating from A.M. Best, State Farm’s financial stability may concern drivers seeking long-term security in our State Farm auto insurance review.
- Higher Coverage Costs: State Farm collision and comprehensive coverage tend to cost more than other insurers. For those budget-conscious drivers, this might not be within their budget.
#6 – Mercury: Best for Affordable Rates
Pros
- Affordable Rates: Mercury offers premiums as low as $30 per month, providing affordable auto insurance in Elkhart, IN, for drivers who want to save on coverage.
- Safe Driver Discounts: Mercury offers discounts to policyholders with clean records, making It a solid choice in our Mercury auto insurance review.
- Financial Stability: This guarantee of reliability by A.M. Best can be described as an A rating for Mercury, therefore showing how reliable it is for Indiana drivers.
Cons
- Limited Coverage Options: Mercury offers fewer coverage choices than other insurers, which may be ideal for drivers seeking classic auto insurance in Gary, Indiana.
- Less Competitive Multi-Car Discount: Mercury’s multi-car discount is not as powerful as other insurers’, which would affect households with more than one vehicle.
#7 – Nationwide: Best for Bundling Benefits
Pros
- Bundling Discounts: Nationwide offers savings for Indiana drivers who combine Nationwide auto insurance review with home insurance or insure multiple vehicles.
- Strong Financial Stability: Nationwide’s A+ rating from A.M. Best reassures Indiana policyholders of its financial health and ability to manage claims.
- Competitive Rates: Nationwide charges an average of $33 per month, and at that rate, Nationwide can provide affordable premiums with desirable Indiana auto insurance rates.
Cons
- Higher Premiums for Younger Drivers: Nationwide’s rates for young drivers may be higher, pushing them toward other car insurance in Kendallville.
- Limited Local Offices: Nationwide has fewer branches in Indiana than providers like State Farm, limiting in-person support options.
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
#8 – American Family: Best for Loyalty Discounts
Pros
- Loyalty Discounts: This American Family auto insurance review highlights loyalty discounts for long-term Indiana policyholders, helping them save over time.
- Affordable Rates for Young Drivers: American Family offers cheap car insurance for young drivers, with rates starting at just $37 per month. It could be the best option in Ellettsville.
- Comprehensive Coverage Options: The American Family offers comprehensive coverage options to protect drivers against various risks.
Cons
- Limited Safe Driver Discounts: American Family offers fewer discounts for safe drivers, which may be a drawback for those seeking car insurance in Nappanee with clean records.
- Higher Full Coverage Premiums: Full coverage premiums are higher than some competitors, which may not suit budget-conscious drivers.
#9 – Allstate: Best for Drive wise Program
Pros
- Drivewise Program: Allstate honors the sound drivers of Indiana through prudent vehicle operation savings under their drivewise program.
- Comprehensive Coverage: As evidenced in our Allstate auto insurance review, multiple choices, including accident forgiveness and roadside assistance, provide total coverage.
- Strong Financial Rating: Allstate’s A+ rating from A.M. Best ensures financial reliability for Indiana policyholders.
Cons
- Higher Premiums: At $48 a month, Allstate premiums are high and may concern those drivers who seek a cheaper option at Allstate Insurance in Vincennes, Indiana.
- Limited Local Agent Network: Allstate has fewer agents in regions like Allstate Insurance Crawfordsville, making in-person assistance less accessible.
#10 – Liberty Mutual: Best for Discount Options
Pros
- Multiple Discount Opportunities: Liberty Mutual auto insurance review highlights various discounts that help Indiana drivers save on car insurance in Indiana.
- Customizable Coverage: Gas City residents can customize their car insurance policies with options like accident forgiveness for added convenience.
- Financial Stability: Liberty Mutual’s A rating from A.M. Best assures Indiana drivers of the company’s ability to manage claims effectively.
Cons
- High Premiums: At $63 per month, Liberty Mutual’s rates are higher than many options for those seeking cheap Indiana auto insurance.
- Limited Local Agents: Indiana drivers may find fewer agents available compared to companies like State Farm.
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
Indiana Car Insurance Coverage and Rates
Indiana auto insurance rates vary by provider and coverage level, with minimum coverage generally more affordable than full coverage. Geico offers some of the lowest rates, at $22 monthly for minimum coverage and $63 for full coverage.
Indiana Auto Insurance Monthly Rates by Provider & Coverage Level
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $48 | $140 |
| $37 | $107 |
| $27 | $79 |
| $22 | $63 |
| $63 | $183 |
| $30 | $76 |
| $33 | $97 |
| $25 | $70 |
| $28 | $71 |
| $24 | $69 |
Travelers also provide affordable options, at $24 monthly for minimum and $69 for full coverage. Allstate and Liberty Mutual are pricier, with Allstate charging $48 for minimum and $140 for full, while Liberty Mutual’s rates are $63 and $183.
Indiana drivers should consider collision and comprehensive coverage due to the state’s abundant wildlife. Comprehensive coverage typically covers injury to a large animal, while collision coverage covers accidents involving another motor vehicle or road obstacles.
In wildlife-related accidents, collision and comprehensive coverage offer essential financial protection. Enter your ZIP code into our free quote tool to find the best auto insurance providers for your needs and budget.
Indiana Minimum Coverage
In Indiana, drivers are required to carry minimum automobile liability coverage, following the 25/50/25 rule. This includes $25,000 to cover injuries to one person, $50,000 for injuries to multiple people, and $25,000 for property damage.
View this post on Instagram
This basic liability insurance ensures that if you’re at fault in an accident, the other party is compensated for vehicle repairs, medical bills, and property damage, such as to a fence or light pole. Indiana follows an “at-fault” system, meaning the driver responsible for the accident must pay for the damages to the other vehicle and its occupants.
To avoid unexpected out-of-pocket expenses, it’s crucial to carry adequate liability coverage that exceeds Indiana’s minimum requirements, especially in severe accidents.
Daniel Walker Licensed Insurance Agent
While automobile liability coverage helps cover these costs, it’s only effective up to the limits specified in your policy. If the damages exceed these limits, the driver at fault must pay the remaining costs out-of-pocket. Failure to maintain the required minimum coverage can lead to harsh fines, including suspending your driver’s license and car registration for up to a year, especially after severe traffic violations.
Fortunately, Indiana permits electronic evidence of insurance, which can be used as proof of compliance with the law. Use our free comparison tool below to see what auto insurance quotes look like in your area.
Best Indiana Car Insurance Companies
The car insurance market in Indiana is dominated by major national insurers, with State Farm leading the pack with a substantial 24.05% market share. Progressive (11.35%) and Allstate (7.61%) follow closely, while other notable players include Indiana Farm Bureau, Geico, Liberty Mutual, and American Family.
Auto Insurance Discounts From the Top Providers in Indiana
| Insurance Company | Available Discounts |
|---|---|
| Drivewise, Safe Driver, Multi-Policy, New Car, Anti-Theft, Good Student |
| Loyalty, Early Bird, Good Student, Low Mileage, Defensive Driving, Multi-Policy |
| Signal, Bundling, Good Student, Safe Driver, Multi-Car, Homeowner |
| Defensive Driving, Multi-Policy, Military, Good Student, Anti-Theft Device, Multi-Vehicle |
| Early Shopper, New Car, Multi-Policy, Multi-Vehicle, Good Student, Anti-Theft |
| Good Driver, Multi-Car, Anti-Theft, Good Student, e-Policy, Pay-in-Full |
| SmartRide, Multi-Policy, Paperless Billing, Good Student, Anti-Theft, Safe Driver |
| Snapshot, Multi-Policy, Safe Driver, Homeowner, Continuous Insurance, Good Student |
| Steer Clear, Safe Driver, Multi-Policy, Good Student, Multi-Vehicle, Defensive Driving |
| Safe Driver, Multi-Policy, Continuous Insurance, Good Payer, Hybrid/Electric Vehicle |
Despite the varied market shares, companies like Auto-Owners Group stand out for their high customer satisfaction, according to J.D. Power, even though they hold a smaller portion of the market. Leading insurers in Indiana offer various discounts to attract and retain customers.
Indiana Report Card: Auto Insurance Discounts
| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Bundling Discount | A | 15% | State Farm, Allstate |
| Safety Feature Discount | B | 12% | Nationwide, Progressive |
| Loyalty Discount | C | 10% | Geico, Farmers Insurance |
For example, Allstate discounts safe drivers, good students, and anti-theft devices, while the American Family offers discounts for loyalty, low mileage, and defensive driving courses. Geico rewards military members and those who install anti-theft devices, and Progressive offers discounts for multi-policy holders and safe drivers.
These car insurance discount options and specialized offerings like State Farm’s multi-vehicle or defensive driving savings make it easier for Indiana drivers to find affordable coverage while maintaining excellent service and customer satisfaction. Use our free comparison tool to see what auto insurance quotes look like in your area.
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
Indiana’s Car Culture
Indiana’s auto culture is exacerbated by severe weather, an unusually high number of uninsured drivers-16.7% among the highest in the U.S., and congested traffic; all these tend to drive up auto insurance prices throughout the state.
5 Most Common Auto Insurance Claims in Indiana
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Rear-End Collision | 25% | $4,500 |
| Fender Bender | 18% | $2,200 |
| Single Vehicle Accident | 15% | $3,500 |
| Side-Impact Collision | 12% | $5,200 |
| Theft Claim | 10% | $3,000 |
Popular claims are rear-endings, at 25%, averaging $4,500, and fender benders, which account for 18% of claims, averaging about $2,200. Single-vehicle accidents and theft are also frequent claims. Given these risks, drivers should consider adding UM/UIM auto insurance coverage, which protects against accidents involving uninsured or underinsured drivers.
Indiana Report Card: Auto Insurance Premiums
| Category | Grade | Explanation |
|---|---|---|
| Traffic Density | A | High traffic in cities like Indianapolis increases accident-related claims |
| Vehicle Theft Rate | B | Moderate theft rates, especially in urban areas like Indianapolis, affecting premiums |
| Weather-Related Risk | B | Moderate, occasional severe storms and winter conditions increase premiums |
| Average Claim Size | C | Above average due to frequent weather-related incidents and vehicle accidents |
| Uninsured Drivers Rate | C | About 15%, slightly higher than the national average, raising rates |
Traffic density in cities like Indianapolis and moderate weather risks further affect premiums. The state has above-average claim sizes because of frequent accidents and weather-related incidents. 15% of drivers are uninsured in Indiana, which makes their premiums higher than the national average.
These factors, coupled with minimum coverage requirements, can help drivers better understand their insurance decisions. When UM/UIM coverage is added, drivers are better protected in the case of an accident involving an uninsured motorist.
Find the Cheapest Insurance in Indiana Cities
Securing affordable auto insurance in Indiana is vital to protecting your finances and ensuring adequate coverage. Since the rates can vary widely depending on location, comparing options for finding the best deal in your area would be helpful.
Follow this quick guide to discover your city’s most cost-effective auto insurance.
- Recognize the Importance of Rate Comparisons: Insurance premiums vary with location; therefore, comparing rates is necessary to find the right deal in your area.
- Evaluate Rates Across Key Indiana Cities: To understand typical costs, examine rates in Indiana cities like Evansville, Fort Wayne, Gary, Indianapolis, and South Bend.
- Spot the Most Affordable Options: Use this information to identify the policies that provide great value without breaking the bank.
- Verify Comprehensive Coverage: While affordable rates are essential, ensure the policy you choose offers the coverage you need.
- Select the Optimal Plan: After reviewing rates and coverage, choose the policy that provides value and security.
With this 10-minute auto insurance buying guide, you can quickly and confidently find the lowest-priced insurance options for your city without sacrificing necessary coverage. Take some time to compare and pick the best fit for peace of mind on the road.
Affordable Auto Insurance in Indiana: Top Picks and Savings Tips
Indiana drivers looking for budget-friendly auto insurance will find top rates with Geico, Travelers, and Progressive, where minimum coverage starts at $22, $24, and $25 per month. State laws must have minimum liability coverage of 25/50/25, which covers $25,000 for individual injuries, $50,000 for multiple injuries, and $25,000 for property damage.
Due to Indiana’s wildlife, adding collision and comprehensive coverage is recommended. Insurers offer several savings options, such as the anti-theft device discount, safe driver incentives, and discounts for bundling multiple policies. Use our free comparison tool below to see what auto insurance quotes look like in your area.
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
Frequently Asked Questions
Which Indiana insurance company has the most affordable premiums for complete coverage?
Geico and Travelers offer some of Indiana’s best full coverage rates, starting at $63 and $69 monthly. Read our auto insurance in Indianapolis, Indiana, for more insights.
How does Indiana’s uninsured driver rate affect auto insurance costs?
Indiana’s 16.7% uninsured driver rate can drive up premiums for insured drivers due to the added risk. Start comparing total coverage auto insurance rates by entering your ZIP code here.
What is the average cost of auto insurance in Indiana?
In Indiana, minimum coverage starts at $22 per month, and full coverage begins at $63 per month, depending on the provider.
What is Indiana’s minimal requirement for vehicle insurance?
Indiana requires 25/50/25 liability coverage, covering $25,000 for one person’s injuries, $50,000 for multiple injuries, and $25,000 for property damage. Explore our seamless delivery auto insurance for more insights.
Why is comprehensive and collision coverage essential for Indiana drivers?
Comprehensive and collision coverage protects against damages from wildlife accidents and collisions with other vehicles, which is common in Indiana.
What are the most common auto insurance claims in Indiana?
Common claims in Indiana include rear-end collisions, fender benders, and accidents involving single vehicles or theft.
What discounts can Indiana drivers get on their auto insurance?
Indiana drivers can save through discounts for safe driving, bundling policies, good student records, and anti-theft devices. Look at our roadside assistance discounts for expanded insights.
Can I provide proof of electronic auto insurance in Indiana?
Yes, Indiana allows drivers to show proof of auto insurance through electronic devices like smartphones.
How can Indiana drivers reduce their auto insurance premiums?
Indiana drivers can cut premiums by comparing rates, keeping a clean record, and using discounts. Find the best comprehensive car insurance quotes by entering your ZIP code into our free comparison tool today.
Which companies offer the best customer service for cheap auto insurance in Indiana?
State Farm, Progressive, and Geico are known for their affordable rates and excellent service in Indiana. These companies rank highly in claims handling and are good choices for cheap auto insurance in the state.
What is the impact of Indiana’s weather and wildlife on auto insurance?
Indiana’s weather and wildlife increase the likelihood of accidents, making comprehensive collision coverage important for drivers. Read our auto insurance coverage options for more insights.