Low-income car insurance in Indiana: What you need to know

Indiana government car insurance for low-income drivers

There is no government-run car insurance program for low-income drivers in Indiana. Only a handful of states (California, Hawaii and New Jersey) have such a program.

In Indiana, low-income drivers must still carry the minimum amount of car insurance. The best way to find it on a budget is to shop around.

Indiana minimum car insurance requirements

The minimum car insurance requirements in Indiana are as follows:

Minimum liability coverage limits	25/50/25
Average annual premium	$417
Other types of insurance required (if any)	-

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Remember that if you have a loan on your car, you're required to carry full coverage, which includes collision and comprehensive.

Best low-income car insurance in Indiana

Auto-Owners came out on top as the best pick for low-income car insurance.

People on a tight budget still deserve great service from their car insurance company. We gathered the data on the top car insurance companies in Indiana and compared them on rates for state-minimum coverage, financial stability and customer satisfaction based on J.D. Power and National Association of Insurance Commissioners (NAIC) scores.

These are the best low-income car insurance companies in Indiana.

Company	Average annual premium	J.D. Power	AM Best	NAIC	Insurance.com score
Auto-Owners	$248	833	A++	0.5	3.98
Travelers	$361	806	A++	0.49	3.34
GEICO	$249	831	A++	0.91	3.28
State Farm	$365	837	A++	0.7	3.26
Progressive	$398	816	A+	0.65	2.97
Nationwide	$549	821	A+	0.64	2.68
Allstate	$676	822	A+	0.65	2.45
Farmers	$704	816	A	0.8	2.23

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Cheapest low-income car insurance in Indiana

Based on state-minimum coverage, we found that the cheapest car insurance company in Indiana is Auto-Owners at an average rate of $248 a year.

When you're working with a tight budget, price is the number one consideration. We gathered rates from car insurance companies in Indiana to find the cheapest options on average.

Company name	Average annual premium	Average monthly premium
Auto-Owners	$248	$21
GEICO	$249	$21
Indiana Farmers Insurance	$353	$29
Travelers	$361	$30
State Farm	$365	$30
Progressive	$398	$33
Indiana Farm Bureau	$485	$40
Nationwide	$549	$46
Allstate	$676	$56
Farmers	$704	$59
USAA	$199	$17

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PEOPLE ASK:

What can I do if I can't afford car insurance in Indiana?

If you can't find affordable car insurance in Indiana, try working with a local agent who knows the market and some of the smaller insurance companies available. Consider a usage-based program to reduce costs, reduce coverage, drive less and ask about additional discounts.

Car insurance discounts for low-income drivers in Indiana

Discounts are the best way to bring down your car insurance rates. There are a number of discounts low-income drivers in Indiana can take advantage of for cheaper insurance. Take a look at some common discounts and how much you can save below.

Discount type	% Discount
Years Licensed	27%
Years Insured	14%
Profession	13%
Telematics	11%
Marital Status	11%
Electronic Signature	10%
Multi Policy	9%
Payment Type	9%
Primary Use	8%
Education	8%
Daily Commute	8%
Loyalty - Years Renewal With Company	7%
Days Advanced Purchase	7%
Homeowner	5%
Paperless/Electornic Documents	5%
Lower Annual Mileage	4%
Electronic Funds Transfer	4%
Safety Devices	3%
Anti-Theft Device	1%
Air Bags	1%

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Methodology

Insurance.com commissioned car insurance rates from Quadrant Data Services in late 2023 for state minimum car insurance policies across all states. Rates are based on a 40-year-old driver with a clean driving record and good credit, driving a Honda Accord LX. We compared rates from 170 companies across 35,488 ZIP codes.

Low-income car insurance in Indiana: Frequently asked questions

What is the cheapest car insurance company for low-income people?

In Indiana, Auto-Owners is the cheapest car insurance company with the average rate of $248. However, that's based on average rates and may differ for you, so it's important to shop around.

Does Indiana have car insurance for low-income individuals?

No, Indiana doesn't offer a car insurance program for low-income individuals or families.

What happens if I can't pay my car insurance?

If you don't pay your car insurance bill, your car insurance will be canceled and you won't have coverage. If you can't pay your car insurance bill, contact your insurance company before the bill is past due to see if you can make arrangements for payment.