In a Nutshell
Looking to save money on your car insurance? We looked at several insurers in Indiana to calculate the average cost of basic insurance and find the lowest-cost insurers for drivers in the Hoosier State. Because the average cost of car insurance varies based on individual circumstances like credit score, driving history, vehicle and age, we calculated the cost of minimum coverage for several different driver profiles.Note from our editor: Maybe you’re searching for car insurance for the first time or want to do some insurance shopping to help lower your monthly premium? This article can serve as a starting point for your car insurance research. There are a lot of factors when it comes to the cost of car insurance, so while you may not see the exact premiums we’ve researched, they can give you an idea of some of the insurers offering the cheapest rates in your state.
If you’re a driver in Indiana, you need car insurance whenever you’re on the road.
We looked at insurance rates from several companies while addressing the needs of different driver profiles to find the average cost, plus the companies offering the cheapest estimated rates for minimum coverage.
Unless otherwise noted (and to keep our calculations consistent) we used a standardized driver profile — for example, our driver profile has no accidents, tickets or claims (see our full methodology for more information).
If that’s not you, your rates may be different. There are several factors that affect car insurance rates, like your age, vehicle type, mileage and coverage options, so we also calculated the lowest rates, for basic coverage, for different driver profiles. Read on to learn about Indiana’s average car insurance rates and our findings for the cheapest options.
- Cost of car insurance in Indiana
- 5 cheapest car insurance companies in Indiana
- Cheapest state-minimum car insurance in Indiana
- Cheapest car insurance for good credit in Indiana
- Cheapest car insurance for poor credit in Indiana
- Cheapest car insurance for drivers with multiple claims in Indiana
- Cheapest car insurance for young drivers in Indiana
- Indiana auto insurance requirements
- Is usage-based insurance available in Indiana?
- FAQs about the cheapest car insurance rates in Indiana
- Methodology
Cost of car insurance in Indiana
Average monthly premiums for basic car insurance in Indiana range from just under $40 to around $80, depending on type of coverage and driver profile.
Average monthly auto insurance premiums in Indiana
| Driver or coverage | Avg. monthly cost |
|---|---|
| State-minimum car insurance in Indiana | $36.26 |
| Drivers with poor credit in Indiana | $68.12 |
| Drivers with multiple claims in Indiana | $91.30 |
| Young drivers in Indiana | $86.89 |
5 cheapest car insurance companies in Indiana
We’ve calculated rates based on a specific Indiana driver profile at minimum coverage, as detailed in our methodology, to assess insurers evenly and get the best sense of costs for an average driver — so take note that the rates you’re offered by insurers could be different.
Unless otherwise noted, our driver has a credit score between 680 and 719, no tickets or coverage gaps, a $20,000 to $30,000 car value and is between 36 and 45 years old.
1. Hastings Mutual Insurance
Founded over a century ago, Hastings Mutual offers car insurance policies to customers in six Midwestern states. With Hastings Mutual, drivers can get a comprehensive plan with additional features such as roadside assistance, “multiprotection” for things like rental vehicles, pet injuries or key replacement and free identity theft protection.
2. Westfield
Westfield offers car insurance coverage through a network of independent agents. In addition to its standard coverage options, Westfield offers optional extras like gap, roadside assistance and uninsured/underinsured motorist coverages.
3. Pekin
Available in a handful of states, Pekin offers car insurance coverages like bodily injury, property damage, medical payments and coverage for hitting an animal. It also offers optional add-ons such as roadside assistance, rental reimbursement, new auto replacement, auto loan/lease coverage and more. Pekin offers car insurance policies specifically for high-risk drivers, too.
4. Geico
Geico offers a wide range of coverage options and many opportunities to save money for safe driving habits, safety equipment and customer loyalty. Its mobile app allows users to manage their policies, pay bills, request roadside assistance and more. Read reviews of Geico to learn more.
5. Auto Owners
Auto Owners was founded in 1916 and offers various insurance products, including car insurance. Auto Owners isn’t available in all states, and prospective customers must contact a local agent to get a quote. Auto Owners offers insurance for many types of vehicles, and you could save money on your premium by bundling. Read reviews of Auto Owners to learn more.
Cheapest state-minimum car insurance in Indiana
In Indiana, drivers are required to carry a minimum of 25/50/25 liability insurance. These companies have the lowest estimated rates for drivers interested in state-minimum coverage.
5 cheapest car insurance companies in Indiana for state-minimum coverage
| 1 | Hastings Mutual Insurance | $17.33 |
| 2 | Westfield | $23.96 |
| 3 | Pekin | $28.04 |
| 4 | Geico | $28.28 |
| 5 | Auto-Owners Insurance | $32.25 |
Cheapest car insurance for good credit in Indiana
Your credit is just one factor that insurers use to determine your car insurance rate. In general, if you have good credit, your insurance premium will be cheaper than someone with poor credit.
The following companies have the cheapest estimated rates on basic coverage for drivers with good credit.
5 cheapest car insurance companies in Indiana for those with good credit
| 1 | Hastings Mutual Insurance | $14.86 |
| 2 | Westfield | $19.47 |
| 3 | Auto-Owners Insurance | $21.85 |
| 4 | Pekin Insurance | $22.96 |
| 5 | Geico | $24.98 |
Cheapest car insurance for poor credit in Indiana
Unfortunately, you may pay more for car insurance if you have less-than-stellar credit. If that’s you, don’t worry. Your credit is just one part of the pie when it comes to your auto insurance score.
These five companies may offer the cheapest rates on basic coverage for an Indiana driver with poor credit.
5 cheapest car insurance companies in Indiana for those with poor credit
| 1 | Hastings Mutual Insurance | $23.83 |
| 2 | Safe Auto | $34.42 |
| 3 | Geico | $34.87 |
| 4 | Westfield | $36.46 |
| 5 | Encompass | $42.88 |
Cheapest car insurance for drivers with multiple claims in Indiana
Your claims history is also a factor in determining your monthly premium. Your car insurance may cost more if you have multiple accidents or claims on your record.
Here are the five cheapest car insurance companies for Indiana drivers with multiple claims.
5 cheapest car insurance companies in Indiana for multiple claims
| 1 | Hastings Mutual Insurance | $30.17 |
| 2 | United Farm Bureau of IN Group | $46.33 |
| 3 | Buckeye Insurance Group | $48.42 |
| 4 | Pekin Insurance | $49.50 |
| 5 | Travelers | $55.17 |
Cheapest car insurance for young drivers in Indiana
Your age may also play a role in the amount you pay for car insurance, as younger drivers are typically considered riskier to insure — so they often have to pay higher premiums.
The following insurers have the lowest estimated rates on minimum coverage for young drivers between the ages of 18 and 21.
5 cheapest car insurance companies in Indiana for young drivers
| 1 | Westfield | $45.00 |
| 2 | Geico | $48.46 |
| 3 | Hastings Mutual Insurance | $54.75 |
| 4 | Travelers | $55.63 |
| 5 | Encompass | $57.29 |
Indiana auto insurance requirements
The state of Indiana mandates the following limits for state-minimum car insurance limits: $25,000 per person and $50,000 per accident for bodily injury, and $25,000 for property damage.
Indiana also requires — unless the driver rejects it in writing — a minimum of $25,000 per person and $50,000 per accident for uninsured motorist bodily injury, $25,000 for uninsured motorist property damage and $50,000 for bodily injury or underinsured motorists.
Is usage-based insurance available in Indiana?
Usage-based insurance is vehicle insurance that allows customers to pay premiums based on their driving behavior. In Indiana, insurance companies may offer usage-based insurance, sometimes called telematics programs, to help drivers save money on their premiums based on their driving behavior.
FAQs about the cheapest car insurance rates in Indiana
It is illegal to drive in Indiana without a liability policy that meets the state’s minimum coverage requirements.
Indiana is not a no-fault state, meaning the insurance company of the person found to be at fault for an accident pays for all of the damage costs. Indiana requires drivers to carry uninsured/underinsured motorist coverage unless they reject it in writing.
Methodology
This article’s estimated rates are the lowest based on the profile of a driver aged 36 to 45 living in Indiana. Unless otherwise noted, the rates displayed assume a single driver on the insurance policy with no tickets on their driving record and no claims or coverage lapses. The vehicle used in this estimate is valued between $20,000 and $30,000 and has annual mileage of 12,000 to 15,000.
Note that the rates are provided every six months by Quadrant Information Services. Quadrant Information Services doesn’t include all insurance companies in its rate data. These are estimated rates meant only to provide a frame of reference and comparison. Your rates may vary depending on a range of factors, such as your age, vehicle driving habits and history.
Average monthly premium for full-coverage car insurance includes bodily injury, property damage, uninsured motorist, personal injury protection, collision and comprehensive coverages. Average monthly premium for state-minimum car insurance includes Indiana-mandated 25/50/25 insurance policy.
Estimated rates for insurance for good credit apply to scores of 720 or higher. Estimated rates for insurance for poor credit apply to scores from 350 to 579. Estimated rates for young drivers include those aged 18 to 21. Estimated rates for those with multiple claims are calculated based on two claims.