Best Auto Insurance Rates in Indiana

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Where to Get Cheap Car Insurance in Indiana

Which company offers the cheapest car insurance in Indiana? National Mutual, according to a QuoteWizard survey of the state’s many providers.

Our data shows that Indiana’s drivers pay an average of $496 per year for full-coverage car insurance if they get it from National Mutual. And they pay an average of $253 per year if they buy the minimum amount of car insurance the state requires from this company.

Compare those rates to the state averages for such car insurance coverages. A typical driver in Indiana spends $454 a year on minimum coverage and $979 a year on full coverage, based on our research.

National Mutual isn’t alone in providing affordable car insurance in Indiana, of course. USAA, Pekin, Grange and GEICO also offer low rates to the Hoosier State’s drivers.

In this article, you will learn more about:

Who has the cheapest auto insurance in Indiana?

National Mutual offers the cheapest car insurance in Indiana, based on rate quotes collected from the state’s providers for a typical driver.

In particular, National Mutual offers the cheapest full-coverage car insurance in Indiana, with a $496 average annual premium. Full coverage generally includes liability, collision and comprehensive auto insurance.

National Mutual's state-minimum coverage is among the cheapest in Indiana, too. The average rate of $253 per year it offered our sample driver is just $1 per year more than what USAA offered for the same coverage.

cheapest minimum car insurance in indiana

Although National Mutual and USAA were the clear standouts among providers of state-minimum auto insurance in Indiana, several other companies offer their drivers cheap coverage, too.

Auto-Owners, Grange and Pekin are prime examples. Grange offered our sample driver an average rate of $290 per year for state-minimum car insurance coverage, while Pekin’s average rate was $294 per year. And Auto-Owners’ average rate was just a few dollars more, at $302 per year.

All of those amounts are more than $150 per year less than what we found to be the Indiana state average for minimum car insurance.

cheapest full-coverage car insurance in indiana

Each of these companies also offered our sample driver low average rates for full-coverage car insurance. National Mutual led the way with its average annual premium of $496, but Pekin and USAA were close behind with their average annual premiums of $531 and $548, respectively.

The average rates Grange and Auto-Owners offered were less than the state average for full coverage, too. Grange’s average annual premium for this type of policy was $644, while Auto-Owners’ was $733. Both are more than $240 cheaper than the Indiana average of $979 per year.

Despite the above, don’t ignore the other companies listed here when you shop for car insurance. Get and compare quotes from them as well. A number of rate factors determine what you pay for auto coverage, including age, gender, location and the kind of vehicle you drive.

What are the best car insurance companies in Indiana?

National Mutual, Pekin and GEICO offer the best car insurance rates in Indiana, according to our research of companies serving the state.

National Mutual: best car insurance rates in Indiana

National Mutual, an affiliate of the Celina Insurance Group, is our overall pick for best rates in Indiana because it offers the cheapest rates for full-coverage car insurance and the second-cheapest rates for state-minimum coverage.

National Mutual offered our sample driver an average rate of $496 per year for a full-coverage policy. That’s almost $500 per year cheaper than the state average for this type of car insurance policy.

National Mutual also offered an average rate of $253 per year for minimum car insurance coverage. That’s only $1 more per year than what USAA offered, and it’s $201 less than the state average for this kind of coverage.

Pekin: runner-up for best rates in Indiana

Why should you put Pekin near the top of your list while shopping for auto insurance in Indiana? This company offered our sample driver an average annual rate of $531 for a full-coverage policy, for starters. This is just $35 per year, or about $3 per month, more than what our top choice, National Mutual, offered.

The average rate of $294 per year Pekin offered for state-minimum car insurance wasn’t the cheapest or even second-cheapest our survey of Indiana’s insurers produced, but it was right up there with the best. It is $42 per year more than the leader in this area, which translates to a difference of $3.50 per month. It’s also $160 per year less than the state average for this type of policy. The difference here is around $13.30 a month.

GEICO: best nationwide provider for cheap car insurance coverage

Both National Mutual and Pekin are smaller providers that serve only a handful of states. Some people like that, but others prefer to buy coverage from a larger company. If you’re in the second group, GEICO might be a good option for you.

GEICO offered an average annual rate of $351 to our sample driver for state-minimum auto insurance. Although that’s about $100 more than what National Mutual and USAA offered, it’s still about $100 less than the state average of $454 per year.

In terms of full-coverage auto insurance, GEICO offered our sample driver an average annual rate of $758. That’s $262 per year more than what National Mutual offered for the same amount of coverage, but it’s also $221 per year less than the state average.

Although National Mutual is our pick for the cheapest and best car insurance company in Indiana, it isn’t the state’s most popular provider of auto coverage. According to data gathered from S&P Global, National Mutual writes less than 1% of Indiana’s auto insurance policies. That puts it in 24th place in terms of state market share.

Which company is the state’s most popular? State Farm. It writes nearly 22% of the car insurance policies in Indiana. State Farm also is first among the largest car insurance companies in the U.S.

Company Indiana market share
State Farm 22%
Progressive 12%
Allstate 8%
Indiana Farm Bureau 8%
GEICO 7%
Liberty Mutual 5%
American Family 4%
Erie 4%
USAA 3%
Auto-Owners 3%
Source: S&P Global

GEICO, our choice for best nationwide provider of cheap coverage, is among the top 10 most popular car insurance companies in Indiana. It writes 7% of the state’s auto policies.

As for Pekin, our runner-up for cheapest car insurance in Indiana, it writes just over 0.5% of Indiana’s auto insurance policies. That puts it in 26th place in terms of state market share.

What are the auto insurance coverage requirements in Indiana?

Indiana has a 25/50/25 minimum liability insurance requirement. This means all of the state’s drivers need to buy at least the following amounts of car insurance:

  • $25,000 of coverage for bodily injury to or the death of one individual.
  • $50,000 of coverage for bodily injury to or the death of two or more individuals in any one accident.
  • $25,000 of coverage for damage to or the destruction of property in one accident.

In Indiana, an auto liability policy also must include at least a minimum amount of uninsured and underinsured motorist coverage — unless the policyholder rejects it in writing.

Specifically, the amount of uninsured motorist coverage an Indiana auto insurance policy must include should at least equal the 25/50/25 minimums listed above. It also must include $50,000 or more of underinsured motorist coverage for bodily injury.

SR-22 insurance in Indiana

You may need to file an SR-22 in Indiana if the state suspends your driving privileges for certain court-related offenses or insurance violations.

An SR-22 form proves to the state you’ve got a car insurance policy that meets the minimum standards described above.

If this is the first or second time the state has suspended your license for driving without insurance, you’ll have to file an SR-22 for three years. And you’ll have to file an SR-22 for five years if it’s your third or subsequent suspension.

Rates after an accident in Indiana’s best and worst driving cities

We evaluated more than 120,000 insurance quotes from the 25 most populated cities in Indiana and ranked cities by their rate of accidents, speeding tickets, DUI’s and citations. A major accident increases Indiana's insurance rates by an average of 33%, or $726 a year on average. We also found a speeding ticket raises annual rates by an average of 27%, or $563 a year.

How much rates increase after an accident depends on where you live, however. For example, in Indiana’s worst driving city, Gary, drivers would pay an extra $1,067 after an accident. In Indiana’s best driving city, Greenwood, drivers pay an average of $661 more after an accident.

Accidents can stay on your insurance record for three years in Indiana, meaning in that period, an accident can cost drivers an extra $2,178. A speeding ticket stays on your record for two years, and will cost drivers an extra $1,126. Here’s how the best and worst driving cities in the state break down:

Worst Driving Cities
Rank City No incidents One accident One speeding ticket
1 Gary $2,247 $3,314 $3,101
2 South Bend $1,402 $2,080 $1,935
3 New Albany $1,519 $2,267 $2,089
4 Anderson $1,423 $2,129 $1,971
5 Columbus $1,331 $1,967 $1,821
Best Driving Cities
Rank City No incidents One accident One speeding ticket
1 Greenwood $1,367 $2,028 $1,882
2 Lafayette $1,312 $1,950 $1,799
3 Valparaiso $1,488 $2,211 $2,043
4 Portage $1,537 $2,287 $2,110
5 Noblesville $1,357 $2,019 $1,867
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Methodology

We conducted a comprehensive study of Indiana car insurance rates through Quadrant Information Services. The quotes we collected were for a single, 35-year-old male. He has an excellent credit score and a clean driving record. He owns a 2012 Honda Accord and drives it 15,000 miles a year, on average. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible, where applicable.

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