Cheap Car Insurance in Indianapolis (2022 Rates)

State Farm has the cheapest car insurance in Indianapolis at $81 a month for full-coverage policies.

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State Farm is our pick for cheap car insurance in Indianapolis. In our survey of the city’s providers, State Farm offers most drivers affordable insurance with minimum coverage at $40 per month and full coverage at $81 per month.

USAA offers the cheapest car insurance rates in Indy, but coverage is only available to current or former members of the military and their eligible family members. We have included the company’s rates for those who qualify. USAA offers drivers minimum-coverage car insurance for $31 per month and full-coverage car insurance for $69 per month.

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Cheapest car insurance in Indianapolis

For many drivers in Indianapolis, State Farm is the best choice for cheap minimum-coverage car insurance with a premium of $40 per month and $476 per year. Based on the average for Indianapolis, State Farm saves drivers $22 per month and $273 per year. For drivers who qualify, however, USAA offers the cheapest rate of $31 per month and $377 per year.

CHEAPEST MINIMUM-COVERAGE CAR INSURANCE IN INDIANAPOLIS
Company Annual rate Monthly rate
USAA $377 $31
State Farm $476 $40
American Family $614 $51
Progressive $744 $62
Auto-Owners $872 $73
GEICO $1,052 $88
Allstate $1,109 $92
City average $749 $62
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

A minimum-coverage car insurance policy will meet Indiana’s minimum car insurance requirements for personal injury protection, uninsured motorist and liability coverage.

Most drivers in Indianapolis can find cheap full-coverage car insurance with State Farm. State Farm offers drivers full-coverage policies to Indy drivers for $81 per month and $973 per year. Compared to the city average, this saves drivers $55 per month and $665 per year. USAA has been included for those who qualify and is the cheapest available at $69 a month or $826 a year.

CHEAPEST FULL-COVERAGE CAR INSURANCE IN INDIANAPOLIS
Company Annual rate Monthly rate
USAA $826 $69
State Farm $973 $81
American Family $1,200 $100
Progressive $1,579 $132
Allstate $2,183 $182
Auto-Owners $2,234 $186
GEICO $2,469 $206
City average $1,638 $136
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Full-coverage car insurance satisfies Indiana’s state minimum-coverage requirements. It also provides policy holders with both collision and comprehensive insurance protection.

Full-coverage car insurance is often something that auto lenders and lessors will require you to have for the full term of your auto loan (aka until you pay off your loan). And while the state doesn’t require full-coverage insurance, it’s often wise to consider carrying it anyway for your own financial protection. In the unlucky event of an accident, repair or replacement costs could add up in a hurry. Without full coverage, you will personally bear the burden of any repair costs.

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Cheapest car insurance for drivers with an accident history in Indianapolis

State Farm offers the cheapest full-coverage auto insurance for most drivers in Indianapolis with one accident on their driving record at an average rate of $107 per month or $1,289 per year. This is a savings in comparison to the city average of $220 per month and $2,638 per year.

While USAA is only available to current and former military members, as well as qualifying family members, it is a cheaper option (albeit not by much compared to State Farm). USAA drivers with one accident pay an average of $102 per month and an average of $1,227 per year for full coverage.

CHEAPEST CAR INSURANCE FOR DRIVERS WITH AN ACCIDENT HISTORY
Company Annual rate Monthly rate
USAA $1,227 $102
State Farm $1,289 $107
American Family $2,048 $171
Auto-Owners $2,899 $242
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest car insurance for drivers with a DUI in Indianapolis

Indianapolis drivers with one DUI on their record can find the cheapest full-coverage car insurance with State Farm. State Farm offers average premiums of $103 per month and $1,230 per year in this case. This adds up to a savings of $137 per month and $1,656 per year compared to the Indianapolis city average. Drivers who qualify for USAA can find average premiums of $106 per month and $1,278 per year.

CHEAPEST CAR INSURANCE FOR DRIVERS WITH A DUI
Company Annual rate Monthly rate
State Farm $1,230 $103
USAA $1,278 $106
Progressive $1,976 $165
American Family $2,239 $187
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Drivers in Indianapolis pay an average of $240 per month and $2,886 per year for full-coverage car insurance with one DUI on their driving record. However, minimum coverage may not be an option for drivers with a DUI. Shopping around for the cheapest rates is a great idea when looking for either full-coverage or minimum-coverage car insurance.

Cheapest car insurance for drivers with a speeding ticket in Indianapolis

State Farm offers the cheapest full-coverage rates for most Indianapolis drivers with one speeding ticket on their driving record. Indianapolis drivers can find full-coverage premiums of $88 per month and $1,059 per year with State Farm. Compared to the average for Indianapolis, drivers can save $79 per month and $963 per year.

CHEAPEST CAR INSURANCE FOR DRIVERS WITH A SPEEDING TICKET
Company Annual rate Monthly rate
USAA $1,039 $87
State Farm $1,059 $88
American Family $1,366 $114
Auto-Owners $2,234 $186
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

On average, Indianapolis drivers with one speeding ticket on their driving record pay an average of $167 per month and $2,002 per year for full-coverage car insurance.

Cheapest car insurance for teen drivers in Indianapolis

The majority of teen drivers with a clean driving record — no tickets, accidents or DUIs — can find affordable minimum-coverage car insurance with Allstate. Again, USAA has the cheapest rates for those who qualify, but coverage is not available to everyone. Teen drivers in Indianapolis can find premiums of $87 per month and $1,042 per year with Allstate.

CHEAPEST MINIMUM-COVERAGE CAR INSURANCE FOR TEENS
Company Annual rate Monthly rate
USAA $744 $62
Allstate $1,042 $87
State Farm $1,509 $126
American Family $2,229 $186
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

In Indianapolis, teen drivers with a clean driving record pay an average of $152 per month and $1,825 per year for minimum coverage.

Most teen drivers in Indianapolis who are 18 years old and have a clean driving record can find the cheapest full-coverage car insurance with Allstate as well. With Allstate, full-coverage car insurance premiums are offered for $170 per month and $2,036 per year to Indianapolis teens. This saves teen drivers an average of $157 per month and $1,893 per year compared to the city average.

That being said, teen drivers who qualify for coverage with USAA will find cheaper auto insurance rates there. Monthly rates with USAA are $137 for these drivers and annual rates are $1,639 per year. If you’re weighing options, you might also want to learn more about what it means to add your teenager to your auto insurance policy.

CHEAPEST FULL-COVERAGE CAR INSURANCE FOR TEENS
Company Annual rate Monthly rate
USAA $1,639 $137
Allstate $2,036 $170
State Farm $3,136 $261
American Family $4,333 $361
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Indianapolis teen drivers with a clean driving record pay an average of $327 per month and $3,929 per year for full-coverage car insurance.

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Cheapest car insurance for senior drivers in Indianapolis

Senior drivers in Indianapolis who are 60 years old and have a clean driving record can find cheap minimum coverage car insurance with State Farm and USAA. State Farm offers the cheapest rates to most senior drivers with an average premium of $38 per month and $457 per year. If senior drivers qualify for USAA, however, they can find lower rates of $29 per month and $350 per year.

CHEAPEST MINIMUM-COVERAGE CAR INSURANCE FOR SENIORS
Company Annual rate Monthly rate
USAA $350 $29
State Farm $457 $38
American Family $556 $46
Progressive $715 $60
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Senior drivers in Indianapolis with a clean driving record pay an average of $59 per month and $712 per year for minimum-coverage policies.

Most senior drivers with a clean driving record can find the cheapest full-coverage car insurance rates with State Farm. State Farm offers premiums of $76 per month and $907 per year to Indianapolis seniors. Again, USAA has been included below for reference and is the cheapest solution for those who qualify.

CHEAPEST FULL-COVERAGE CAR INSURANCE FOR SENIORS
Company Annual rate Monthly rate
USAA $739 $62
State Farm $907 $76
American Family $1,087 $91
Progressive $1,404 $117
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

In Indianapolis, senior drivers with a clean driving record pay an average of $123 per month and $1,481 per year for full-coverage car insurance.

Indianapolis car insurance requirements

Indiana requires drivers to carry a minimum amount of liability coverage. The minimum amount of coverage drivers must hold to drive in the state is 25/50/25. This means Indiana drivers must carry at least:

  • Bodily injury liability per person: $25,000
  • Bodily injury liability per accident: $50,000
  • Property damage liability per accident: $25,000

In addition to this liability coverage, Indiana also requires the following coverage minimums for uninsured motorist and underinsured motorist (unless rejected in writing):

  • Uninsured motorist bodily injury per person: $25,000
  • Uninsured motorist bodily injury per accident: $50,000
  • Uninsured motorist property damage: $25,000
  • Underinsured motorist bodily injury per person: $50,000
  • Underinsured motorist bodily injury per accident: $50,000

Recommended coverage

Getting minimum-coverage auto insurance is the cheapest way to insure your vehicle. Yet it is not the cheapest way to recover from an unfortunate accident. Collision or comprehensive coverage minimizes your financial responsibility of unpaid damages and medical bills by putting more money back into your pocket following an accident.

To better protect yourself and your family, QuoteWizard recommends 100/300/100 car insurance coverage. Here’s how that breaks down.

  • Bodily injury per person: $100,000
  • Bodily injury per accident: $300,000
  • Property damage liability per accident: $100,000

Indiana’s required minimum coverage may seem like enough. However, if you only get enough insurance to satisfy the state’s minimum requirements you might find yourself facing extensive bills if you’re ever in an accident.

Methodology

We obtained non-binding quotes from Quadrant Information Services for a typical driver in every Indianapolis ZIP code to find the cheapest car insurance companies and rates. Unless otherwise noted, the driver is a 35-year-old male with a clean driving record. He owns a 2012 Honda Accord LX and drives an average 13,500 miles a year.

The teen driver in this article is 18 years old but otherwise fits the same profile as the 35-year-old driver above. The same is true of our senior driver, who is 60.

Minimum-coverage car insurance rates highlighted on this page are based on a policy that meets Indiana’s minimum liability requirements. Full-coverage rates are based on a policy with the following limits and deductibles:

  • $100,000 bodily injury liability coverage per person
  • $300,000 bodily injury liability coverage per accident
  • $100,000 property damage liability coverage
  • $500 deductibles for both collision and comprehensive coverage

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