Cheapest car insurance companies in Indianapolis
According to a study by Insurance.com, the cheapest car insurance companies in Indianapolis for 2023 are Geico and Auto-Owners.
In Indianapolis, Geico provides the cheapest auto insurance rates to drivers at an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,073 annually.
When it comes to car insurance costs in Indianapolis, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy.
| Companies | Average annual rates |
|---|---|
| Geico | $1,073 |
| Auto-Owners | $1,243 |
| Travelers | $1,301 |
| Nationwide | $1,401 |
| Progressive | $1,504 |
| State Farm | $1,783 |
| Indiana Farmers | $1,788 |
| Farmers | $2,046 |
| Indiana Farm Bureau Grp | $2,441 |
| Allstate | $2,458 |
| USAA | $858 |
Cheapest car insurance cost in Indianapolis by Age Group
USAA is the cheapest option for car insurance in Indianapolis for teen drivers, with average annual premiums at just $2,410 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.
Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.
USAA provides the cheapest car insurance coverage for young drivers in Indianapolis, with an annual premium of $1,312 on average.
An analysis of car insurance rates for Indianapolis drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $871 per year.
With an average annual premium of $925, USAA offers Indianapolis's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Indiana Farmers | $3,501 | $2,641 | $1,816 | $1,851 |
| Auto-Owners | $3,839 | $2,162 | $1,257 | $1,323 |
| Geico | $4,175 | $1,641 | $1,075 | $993 |
| Travelers | $4,479 | $2,116 | $1,333 | $1,345 |
| Progressive | $5,002 | $2,656 | $1,524 | $1,611 |
| Nationwide | $5,473 | $2,502 | $1,389 | $1,303 |
| State Farm | $5,476 | $3,094 | $1,801 | $1,747 |
| Allstate | $6,323 | $3,662 | $2,525 | $2,440 |
| Indiana Farm Bureau Grp | $7,136 | $4,279 | $2,310 | $2,258 |
| Farmers | $8,667 | $3,465 | $1,941 | $2,049 |
| USAA | $2,410 | $1,312 | $871 | $925 |
Cheapest car insurance companies in Indianapolis by driver profile
Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Indianapolis. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.
Finding the cheapest car insurance in Indianapolis requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
Here's a list of car insurance companies that offer cheap insurance rates in Indianapolis based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: USAA
- Cheapest for DUI: USAA
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Indianapolis drivers at about $1,245 per year.
Drivers with poor or bad credit scores in Indianapolis can consider the following car insurance companies to get the affordable car insurance coverage.
| Company | Average annual rates |
|---|---|
| Geico | $1,245 |
| Nationwide | $1,572 |
| Travelers | $1,977 |
| Farmers | $2,408 |
| State Farm | $2,832 |
| Progressive | $3,008 |
| Allstate | $3,286 |
| USAA | $1,686 |
Cheapest for drivers with a speeding ticket: USAA
In Indianapolis, USAA provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,111, on average.
Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors.
Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price.
| Company | Average annual premium |
|---|---|
| State Farm | $1,263 |
| Travelers | $1,775 |
| Geico | $1,871 |
| Nationwide | $1,989 |
| Farmers | $2,186 |
| Progressive | $3,023 |
| Allstate | $3,100 |
| USAA | $1,111 |
Cheapest auto insurance after an at-fault accident: USAA
Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.
In a recent data analysis, Insurance.com found that USAA offers the cheapest car insurance rates for Indianapolis drivers with at-fault accidents. It provides coverage at an average annual cost of $1,438.
| Company | Average annual rates |
|---|---|
| State Farm | $1,646 |
| Travelers | $1,817 |
| Geico | $2,215 |
| Nationwide | $2,254 |
| Farmers | $2,657 |
| Progressive | $4,044 |
| Allstate | $4,184 |
| USAA | $1,438 |
Cheapest auto insurance after a DUI: USAA
In Indianapolis, USAA has the cheapest car insurance rates for individuals with DUI on their record. The company provides a full coverage policy at an average cost of $1,412 a year.
Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $2,090 |
| Travelers | $2,217 |
| Geico | $2,352 |
| Farmers | $2,857 |
| Progressive | $3,172 |
| Nationwide | $3,197 |
| Allstate | $3,610 |
| USAA | $1,412 |
Average car insurance cost in Indianapolis
In Indianapolis, the annual cost of car insurance for the coverage level of 100/300/100 is $1,627 or around $136 per month. However, the average yearly rate for state minimum coverage in Indianapolis is $476.
You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.
| Average annual Rates | $1,627 |
| State minimum average | $476 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington, D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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