How Much Is Car Insurance in Indiana? (November 2024)

Full coverage car insurance in Indiana has an average annual cost of $887. If you seek minimum coverage, the yearly cost is around $408. Insurance companies assess factors such as the driver's age, coverage level, where you live, your driving record, and credit history to determine your car insurance premium.

The average cost of full coverage car insurance in Indiana is $887 per year, which breaks down to about $74 per month. Knowing the average cost of car insurance helps you judge the affordability of quotes from insurers. Comparing car insurance quotes can also help you find the best rates.

Below is an overview of what you might pay for auto insurance in Indiana, whether you need minimum coverage or full coverage for extra protection.

Car insurance in Indiana tends to be more affordable than in other states. The average annual premium for full coverage with a $1,000 deductible is $887, which is less than the national average cost of car insurance at $1,337. Similarly, Indiana's state minimum coverage costs approximately $408 per year, which is also cheaper than the national average of $628.

Prices in Indiana are generally moderate due to factors such as lower population density, which can lead to fewer accidents and claims, and a low number of uninsured motorists. The cost of repairs and medical care in Indiana is also typically lower than in many other parts of the country, contributing to more reasonable insurance rates.

Car insurance premiums vary widely even within the same state. American Family offers the most affordable full coverage in Indiana, with an average annual premium of $593. Farmers has the highest average premium at $1,167 per year.

Understanding the significant price difference among providers highlights why comparing car insurance quotes is crucial. Finding the cheapest car insurance in Indiana requires researching multiple providers to secure a policy that offers adequate protection without overpaying.

The cost of car insurance in Indiana is also influenced by the level of coverage you select. For instance, the average monthly cost for minimum coverage is about $34, whereas the monthly full coverage, with a $1,000 deductible, typically costs around $74. Opting for full coverage is recommended despite the higher premium due to the comprehensive financial protection it provides in case of accidents or other damages. To learn more, explore full coverage insurance.

While adding comprehensive and collision coverage will increase your premium, selecting higher deductibles can mitigate some of the cost increase. Each comprehensive and collision coverage comes with its deductible amount, embodying the out-of-pocket expense before the insurance kicks in during a claim.

In Indiana, the minimum car insurance requirements include bodily injury liability of $25,000 per person and $50,000 per accident, along with $25,000 for property damage liability per accident. Uninsured and underinsured motorist coverage, personal injury protection (PIP), medical payments and death liability are not mandated.

Your location in Indiana significantly impacts car insurance rates. The most affordable full coverage is $754 per year in Fort Wayne, while it's $847 in Indianapolis.

Indiana car insurance premiums are influenced by factors such as your driving record, age and the type of car you drive. The frequency of claims in your area and local laws can also affect rates.

Age impacts the cost of car insurance in Indiana. Younger drivers aged 22 to 29 typically pay the most, with an average annual rate of $1,086. Insurance costs usually decrease as drivers gain experience, with those aged 30 to 59 paying about $887 and those over 60 enjoying the lowest rates at approximately $837 per year.

In Indiana, car insurance rates are influenced by factors like age and gender. On average, a 16-year-old male driver added to a family policy faces an annual cost of $2,133, which is generally the highest premium across all age groups.

Legal restrictions require a parent or guardian to co-sign an insurance policy for teens under 18. An individual policy skyrockets to $4,526 per year for 16-year-old males exploring this option.

The average annual cost of full coverage car insurance for a 2012 model is $717. The cost jumps to $908 per year for a 2022 model. The increase in premiums for newer models can be attributed to their higher actual cash value, the expense of modern repairs and a greater risk of theft.

Drivers with newer models should consider opting for both comprehensive and collision coverage, which provide financial protection against various incidents and damages and ensure the vehicle's value is safeguarded.

Driving in Indiana with a clean record often means paying around $881 per year for full coverage car insurance. However, this cost can change based on your driving history. Look at how different violations affect your premium:

• With a ticket: $1,165 per year; $97 per month
• With an at-fault accident: $1,417 per year; $118 per month
• With a DUI: $1,565 per year; $130 per month

Violations like tickets, accidents, and DUIs can bump up your car insurance cost — the worse the violation, the more you pay. These violations stay on your driving record for a specified period and will continue to affect your insurance premiums. In Indiana, a DUI can stay on your record for at least five years.

Browse the table below by coverage and age group to find the average cost of car insurance in Indiana across different driving records.

In Indiana, the average cost of car insurance varies with your credit score, ranging from $569 per year for excellent credit scores to $1,161 for poor credit.

According to MoneyGeek's ranges, a good credit score is from 670 to 739 and can lead to more affordable premiums, while scores below 580 are considered poor and may result in higher costs.

Understanding the factors that influence car insurance rates in Indiana is essential for securing affordable coverage. Here's what impacts your premiums:

• Age and Driving Experience: Younger drivers in Indiana often face higher rates due to their lack of road experience, which usually results in riskier driving behavior.
• Driving Record: Safe driving in Indiana is rewarded with lower premiums, while having infractions like speeding tickets or DUIs can significantly increase insurance costs.
• Credit Score: Insurers in Indiana consider credit scores when setting premiums. A higher score could mean lower rates due to perceived reliability.
• Vehicle Type: The cost of insuring a car in Indiana can vary based on the vehicle's make, model and safety features — safer, less expensive vehicles tend to be cheaper to insure.
• Location: Urban areas with denser traffic and higher theft rates may see higher insurance rates than rural zones.
• Coverage Level: Opting for state minimum coverage can lower premiums. However, adding collision insurance or comprehensive insurance for increased protection may be beneficial despite the higher cost.
• Gender and Marital Status: Statistically, gender and marital status can influence rates in Indiana, with married individuals sometimes receiving lower rates.
• Annual Mileage: Driving fewer miles in Indiana could lead to lower insurance premiums as the risk of accidents decreases with less road exposure.

Remember, shopping around for car insurance quotes in Indiana can help you find the most affordable plans suited to your specific needs.

To secure affordable car insurance in Indiana, compare rates, opt for a higher deductible and leverage all available discounts.

We answer common questions about the average costs of car insurance in the Hoosier State, helping you make an informed decision when choosing your coverage.