Compare Auto Insurance in Indianapolis
Indianapolis is known as “The Crossroads of America.” That's because it sits at the intersection of five major interstate highways: I-65, I-69, I-70, I-74, and I-865. With all those interstates, and the driving they entail, cheap car insurance is important for all Indianapolis residents.
Average Indianapolis Car Insurance Rates
How much is car insurance in Indianapolis? People may drive safe here, but car insurance rates in Indianapolis are higher than the state and national averages. On average, auto insurance in Indiana costs $666.24 per year. The national average price is $889.01.
Prices may vary depending on your zip code thanks to traffic congestion, weather conditions and crime rates.
|Total Cost Per Year||$666.24|
|Price Per Month||$55.52|
|Source: Facts + Statistics: Auto insurance|
The graph below shows the change in average Indiana insurance rates from 2011 to 2015. According to the III, Indiana car insurance rates increased from $621 in 2011 to $666 in 2015, a jump of $44 dollars, or 7.22 percent.
QuoteWizard helps Indianapolis residents compare quotes from both national insurance companies and local agents. Comparing quotes can help you find cheap car insurance rates near Indianapolis, Indiana and save up to 40% on your premium.
Last year, 17,210 people used QuoteWizard to compare auto insurance quotes in Indianapolis, IN from multiple companies to find the lowest rates.
Best Car Insurance Companies in Indianapolis, IN
These are the most common car insurance companies reported by QuoteWizard users in Indianapolis, Indiana last year.
Other popular Indianapolis, Indiana car insurance companies: Erie, MetLife, Indiana Farm Bureau, Safeco, USAA, 21st Century, Travelers, and Country Financial.
Top 10 Vehicles in Indianapolis
These are the most common car makes and models owned by Indianapolis, IN drivers requesting quotes through QuoteWizard last year.
- Ford F150
- Chevrolet Impala LS/LT
- Ford Taurus
- Chevrolet Malibu
- Chevrolet Cavalier
- Chevrolet Blazer
- Buick LaSabre Custom
- Honda Accord EX/LX
- Cadillac DeVille
- Ford Focus SE
Minimum Car Insurance Requirements in Indianapolis, IN
Indianapolis, Indiana has a minimum coverage requirement known as the 25/50/10 rule. This means each policy must include at least the following three components:
- Individual Bodily Injury Liability (BIL): $25,000.
The maximum your insurance company will pay for an individual person injured in a car accident.
- Total Bodily Injury Liability: $50,000.
The most your insurance carrier will pay in total for every person injured in a car accident.
- Property Damage Liability (PDL): $10,000.
The total your insurer will pay for property damage caused by a car accident.
Allstate Insurance publishes an annual report ranking of the best and worst cities in America for drivers. Motorists in Indianapolis get into so few crashes the city ranks 60th out of 200 cities.
Factors that can affect insurance rates are the weather and road conditions.
Like most Midwest cities, Indianapolis, IN enjoys four distinct seasons each year. Summers are hot, and winter is cold. Spring and fall are mostly pleasant despite wild temperature swings that can accompany the change in seasons. The rainiest period occurs between May and July. But it rains throughout the year, with 129 days of rain in an average year. That’s a lot of driving in the rain. The biggest weather challenge for drivers will be snow and ice. On average, there are 23 snowy days each year.
In addition to the weather, the condition of Indianapolis roads is problematic for area drivers. The winter of 2013-2014 was especially severe making it hard for city crews to respond to pothole repair requests. But potholes, ruts and cracks can be found un-repaired on city roads even when the sun is shining. Last year 1,227 claims were filed against the city for damages to vehicles from potholes. Only 5% of those claims were approved, forcing the rest of the drivers to go through their insurance company.
TRIP reports that 22 percent of Indianapolis streets are in poor condition. Another 22 percent are mediocre. These pothole-riddled streets are in part responsible for the $575 a year drivers pay for extra vehicle operating costs.
TomTom ranked Indianapolis 187th for worst traffic congestion in the world. TomTom reports that the average commuter spends an extra 15 minutes per day stuck in traffic during rush hour commutes. And 58 hours a year for peak hour commutes of 30 minutes.
Moving violations such as failure to stop, drunk driving, speeding tickets, and accidents can add points to your driver's license. You could end up with a bad driving record and need to purchase expensive high-risk auto insurance.
The Marion County Superior Court website allows you to pay traffic citations and tells drivers how to contest tickets.
SR-22 OWI Insurance
An OWI conviction may require you to obtain an SR-22 form. Request a quote and we'll connect you with local agents from top companies that specialize in Indianapolis OWI insurance.
Indianapolis reported 77 deaths in motor vehicle crashes in 2013. This works out to a fatality rate of 2.37 per 100,000 residents. All traffic deaths are a tragedy. But with Indianapolis’s estimated population of 843,393, this is a safe US city in terms of traffic fatalities.
Indianapolis reported 5,312 vehicle thefts in 2014, a rate of 6.26 per 1,000 residents. This is triple the national average of 2.16 per 1,000 residents.
Save With Car Insurance Discounts
Are you looking for more affordable car insurance? Discounts are one of the best ways to lower your rates. These are some of the many auto insurance discounts available to drivers in Indianapolis, IN.
- Active duty and retired members of the Military, National Guard, or Reserves are entitled to discounts for their service
- Maintain at least a B grade point average in school to qualify for the good student discount
- Live in a safe neighborhood with low crime and good drivers. People that live in neighborhoods with high crime and urban driving conditions file more claims. For you, that can mean higher rates no matter how clean your driving record is
- Bundle your auto insurance with your homeowners, renters, or life policy. Bundling your policies under one insurance company can save you as much as 20 percent on your premium
- Get a new car to qualify for the new car discount. If the car has safety features like anti-lock brakes or electronic stability control, you might be entitled to more discounts
- Marion County Superior Court
- Indianapolis Indiana Crime Rates
- United States Census Bureau - Indianapolis
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.