Updated January 7th, 2021
If you are looking for a more cost-effective premium, the overall cheapest car insurance companies in Indiana are Erie, The Cincinnati, and Progressive.
Depending on your age and location, they can offer quotes from 20% to 34% lower than the median rate for similar age drivers and profiles.
Other carriers you would want to put on your list to get quotes are Utica National, Auto-Owners, and Western Reserve.
All three can average from 16% to over 24% lower than the median rate for drivers.
In certain zip codes and age-dependent, Indiana Farmers Mutual can offer the lowest rate.
There are more details below.
This article will cover the minimum requirements in Indiana, cost-saving strategies for the most savings, and the least expensive insurance companies by price.
If you would like to skip to a certain portion of the article, I have provided a table of contents down a little and to the right.
Minimum Car Insurance Requirements in Indiana
| Coverage | Indiana Minimum Liability Coverage | Recommended Coverage |
|---|---|---|
| Bodily Injury Protection | $25,000 / $50,000 | $100,000 / $300,000 |
| Property Damage | $25,000 | $50,000 |
| Uninsured Motorist Coverage Bodily Injury | $25,000 / $50,000 | $100,000 / $300,000 |
| Uninsured Motorist Property Damage* | $25,000 | $50,000 |
| Underinsured Motorist Bodily Injury** | $50,000 | $300,000 |
| Comprehensive Coverage | Optional | $250 - $1,000 deductible |
| Collision Coverage | Optional | $250 - $1,000 deductible |
*Uninsured Motorist coverage can be rejected in writing.
**Underinsured Motorist Bodily Injury is a minimum of $50,000 per person and $50,000 per accident. This coverage can be rejected in writing, per IDOI.
Bodily Injury Liability
Bodily injury liability insurance covers hospital costs for injured people in the other automobile.
Under a minimum policy, the insurer will pay $25,000 for a single person with up to $50,000 if more than one individual is injured.
Note: For a 25-year-old driver, the lowest price carriers are Erie, The Cincinnati, and GEICO, as illustrated. I queried each at $1,523, $1,548, and $1,589 respectfully per year. Which is over 32% cheaper than the average premium for similar age drivers. For a more detailed comparison, please see the rate table below.
Property Damage Liability
If the other automobile is damaged, or there’s damage to other property like buildings or stop signs, the minimum property damage liability coverage will pay up to $15,000 to cover repair costs.
Note: Inexpensive car insurance options for a 30-year old are Erie, The Cincinnati, and GEICO. I queried each at $1,211, $1,231, and $1,247 respectfully per year. Or about 19% to 23% lower than the average rate. More details in the rate table below.
Additional Options to Forego Liability Coverage
Although this is the state minimum for car insurance, there is another option for Indiana residents.
You can place $40,000 in a trust or place the funds on deposit with the state’s Treasurer.
Most drivers cannot afford to place that amount of money on deposit, and those who have the funds over ninety-nine percent of the time they get insurance from a reputable firm anyway.
Note: For a 35-year-old driver, all insurers clustered between $1,003 and $1,065. The least expensive quotes are with Erie, The Cincinnati, and GEICO. Or about 22% to 27% lower than the average rate in the state of Indiana.
Cheapest Auto Insurance Providers by Rate & Company
Below is a rate table of the least expensive carriers for drivers from 25 to 55.
The cheapest car insurance companies in Indiana by price are Erie, The Cincinnati, and Progressive.
Depending on your location, you can find quotes from 27% to over 35% lower than the median quote for similar age drivers.
Other carriers that offer competitive quotes are Auto-Owners, Western Reserve, and Utica National.
Depending on your location, Western Reserve and Utica National can offer the cheapest rates.
All three carriers offer quotes from 16% to nearly 25% cheaper than the average premium for similar age drivers throughout the state.
National carriers that offer substantially lower than average premiums in Indiana are Nationwide and State Farm.
Both insurers can offer quotes from 10% to 14% lower than average for young drivers.
And nearly 19% lower for older drivers.
Another company, any age of the driver, should put on their bucket list of quotes is Indiana Farmers Mutual.
They have been in business since 1877, and one of the older companies offering coverage in the state.
In local regions, Farmers Mutual offers competitive quotes for all ages of drivers.
With quotes from 16% to 30% lower than the “mean” rate for similar profile drivers.
With the list below, you have a blend of regional and national companies to help you find the lowest premium.
| Indiana Company | Average Rate 25 Y/O Driver | 30 Y/O Driver | 35 Y/O Driver | 40 Y/O Driver | 45 Y/O Driver | 55 Y/O Driver |
|---|---|---|---|---|---|---|
| Erie | $1,523 | $1,211 | $1,003 | $743 | $678 | $590 |
| The Cincinnati | $1,548 | $1,231 | $1,004 | $745 | $680 | $597 |
| GEICO | $1,589 | $1,247 | $1,032 | $765 | $690 | $600 |
| Progressive | $1,608 | $1,265 | $1,042 | $787 | $699 | $603 |
| Auto-Owners | $1,642 | $1,278 | $1,065 | $791 | $700 | $609 |
| Western Reserve | $1,644 | $1,300 | $1,089 | $804 | $704 | $609 |
| Utica National | $1,646 | $1,306 | $1,099 | $816 | $712 | $612 |
| State Farm | $1,679 | $1,376 | $1,128 | $841 | $721 | $612 |
| Nationwide | $1,721 | $1,365 | $1,154 | $878 | $743 | $623 |
| Westfield | $1,754 | $1,387 | $1,157 | $900 | $744 | $641 |
| Allied | $1,766 | $1,379 | $1,159 | $905 | $768 | $657 |
| Farmers | $1,862 | $1,400 | $1,166 | $912 | $798 | $678 |
| Allstate | $1,865 | $1,421 | $1,180 | $932 | $787 | $680 |
| Indiana Farmers Mutual | $1,890 | $1,423 | $1,198 | $945 | $788 | $674 |
| The Hartford | $1,900 | $1,476 | $1,217 | $967 | $800 | $682 |
| Safe Auto | $1,952 | $1,512 | $1,231 | $968 | $804 | $689 |
| Liberty Mutual | $1,976 | $1,576 | $1,265 | $1,003 | $812 | $690 |
| Amica | $2,008 | $1,532 | $1,319 | $1,032 | $841 | $687 |
| Hanover | $2,054 | $1,548 | $1,309 | $1,087 | $844 | $689 |
| 21st Century | $2,078 | $1,587 | $1,333 | $1,121 | $896 | $683 |
Note: A 40-year-old driver can find rates under the $800 range for full coverage. Erie and The Cincinnati offer the lowest quotes at $743 and $745, respectfully. GEICO is approximately 5% more at $765. In comparison, Progressive and Auto-Owners are 10% higher with quotes at $787 and $791, respectfully.
Comprehensive & Collision Coverage
Carrying the lowest coverage is an option, but it is recommended to look into comprehensive, collision, uninsured motorist protection, and Gap coverage if you have financed your vehicle.
Indiana has a higher than average stolen car rate, particularly in Indianapolis, Fort Wayne, and South Bend.
Comprehensive coverage will protect your vehicle in the unlikely event it is stolen.
Note: Each of the insurers clustered within $22 of each other for a 45-year-old driver. Erie and The Cincinnati offer the cheapest car insurance prices at $678 and $680, respectfully. GEICO, Progressive, and Auto-Owners are equally competitive, with quotes less than 3% higher than their competitors.
However, if you can park your vehicle in a garage and a secured parking lot when at work, you want to tell your agent your car is secured to lower the comprehensive coverage.
Another option is increasing your deductible.
If you are getting insurance for a motorcycle, then you want to be sure to have “non-collision” or comprehensive coverage since the state is eighth in the nation for stolen motorcycles.
Note: For a 55-year-old driver, two insurers I queried fell under the $600 mark—Erie at $590 and The Cincinnati at $597. GEICO, Progressive, and Auto-Owners are competitive with quotes between $600 and $609. Each carrier illustrated above offers quotes at least 18% cheaper than the median rate for similar age drivers.
Best Companies by Consumer Rating, Complaints, & Rate Change over 18 Months
Below is a table of each insurer with the average consumer rating, number of complaints, and the rate change over an 18 month period.
The rate change is averaged from 1.6% to 3%.
Farmers Mutual offers a nominal rate change of 1.7%.
All companies, including Erie, Western Reserve, Utica National, and Auto-Owners, all have less than 2% rate changes.
If you get a traffic violation, you can find your premium increase from 20% to 30% or more.
The amount of complaints is included to coincide with the number of written premiums.
Or called the complaint ratio.
If you see a company with a large number of complaints but a low amount of written premiums, this should throw up a red flag.
This is not the case for any of the insurers below.
The consumer rating data is compiled from reputable online sources to get an average.
Any other data is from III.org, JD Power & Associates, and AM Best.
| Indiana Company | Premiums | Rate Change | # of Complaints | Consumer Rating out of 5 Stars |
|---|---|---|---|---|
| Indiana Farm Bureau | $14,653,717 | +1.8% | 4 | 4.0 |
| State Farm | $438,378,692 | +1.9% | 112 | 4.4 |
| Allied | $63,303,269 | +1.9% | 11 | 4.2 |
| Shelter | $177,289,527 | +2.1% | 16 | 4.0 |
| Wolverine Mutual | $17,682,721 | +1.7% | 3 | 3.9 |
| Travelers | $89,455,011 | +1.9% | 21 | 4.3 |
| Nationwide | $109,133,146 | +2.3% | 29 | 4.3 |
| USAA | $178,161,099 | +1.9% | 43 | 4.5 |
| American Family | $376,677,786 | +1.6% | 197 | 4.6 |
| Hartford | $64,703,294 | +1.7% | 34 | 4.3 |
| Auto-Owners | $89,503,458 | +2.0% | 10 | 4.3 |
| Allstate | $99,493,185 | +1.9% | 54 | 4.0 |
| Kemper Specialty | $15,204,961 | +1.9% | 26 | 3.7 |
| The Cincinnati | $67,164,693 | +1.5% | 9 | 3.8 |
| Safeco | $130,051,091 | +1.7% | 54 | 3.9 |
| Pekin | $43,175,896 | +2.3% | 51 | 3.8 |
| Farmers | $164,521,515 | +2.0% | 124 | 4.4 |
| Liberty Mutual | $49,315,179 | +1.6% | 33 | 4.3 |
| AAA | $109,793,682 | +1.9% | 108 | 3.9 |
| Indiana Farmers Mutual | $21,026,448 | +1.8% | 13 | 3.8 |
| Progressive | $276,267,646 | +1.5% | 185 | 4.3 |
| 21st Century | $15,048,870 | +1.6% | 15 | 4.3 |
| Western Reserve | $38,924,474 | +1.9% | 19 | 4.1 |
| GEICO | $290,691,590 | +1.9% | 144 | 4.4 |
| State Auto | $17,374,813 | +1.6% | 18 | 4.2 |
| Esurance | $28,876,150 | +2.4% | 25 | 4.1 |
Uninsured Motorist Protection
Since the uninsured motorist rate is high, whether you live in Clarksville or Greenwood, you may want to consider uninsured motorist protection or UM coverage.
UM will help protect you when involved in an accident with a driver with little to no insurance to cover the repair bills and damages.
If your vehicle is no more than five years old or is worth thousands of dollars, you want to talk to an agent after using our comparison tool.
It never hurts to ask about optional coverage to be sure your vehicle is fully protected.
Average Rate by City in Indiana
Below is a list of 30 fairly populated cities across Indiana and the average premium rate.
Location is a primary factor when insurers determine your rate.
This is why you can have a lower or higher premium when you move from one city with the same vehicle.
The average yearly premium price is from $1,505 to $1,987 per year.
Compared to other states, Indiana is more expensive.
If you reside in one of the cites below and your premium is significantly higher, you are either a young driver, have traffic violations, or poor credit.
There are several other factors.
You would want to contact your insurer to find why you have a high premium.
If you would like a detailed comparison of more populated cities, please read further below.
| City | Average Rate | City | Average Rate | City | Average Rate |
|---|---|---|---|---|---|
| Auburn | $1,433 | Hammond | $1,769 | Osceola | $1,624 |
| Bloomington | $1,590 | Hobart | $1,987 | Portage | $1,636 |
| Carmel | $1,587 | Jeffersonville | $1,843 | Rockport | $1,902 |
| Dillsboro | $1,623 | Kentland | $1,912 | Seymour | $1,911 |
| Elkhart | $1,687 | Laotto | $1,492 | Shelbyville | $1,639 |
| Elwood | $1,854 | La Porte | $1,769 | Swayzee | $1,932 |
| Farmersburg | $1,621 | Marion | $1,537 | Terre Haute | $1,841 |
| Frankfort | $1,743 | Monticello | $1,658 | Vincennes | $1,835 |
| Franklin | $1,976 | Muncie | $1,737 | Westfield | $1,847 |
| Goshen | $1,812 | Munster | $1,751 | Yorktown | $1,621 |
Indianapolis, IN
The average car insurance rate in Indianapolis is a whopping $1,987 per year.
I recommend getting quotes from Erie, GEICO, and The Cincinnati to find the cheapest auto insurance.
I queried each at $1,132, $1,143, and $1,167 respectfully per year for a 30-year-old driver.
Each carrier is approximately 40% lower than the citywide average.
Progressive and Western Reserve are worth getting quotes from since they are about $100 more expensive than my top three choices.
For a 45-year-old driver, I found Erie and GEICO under the $700 mark.
I queried each at $644 and $676 respectfully per year.
Over $1,000 in savings when compared to the “mean” rate in the city. A
ll insurers for a 45-year old in the table are at least 25% lower than comparable companies in the region.
A family should get quotes from all insurers since more expensive companies tend to lower their married couple’s rate.
| Indianapolis Company | 30 Y/O Driver | 45 Y/O Driver |
|---|---|---|
| Erie | $1,132 | $644 |
| GEICO | $1,143 | $676 |
| The Cincinnati | $1,167 | $700 |
| Progressive | $1,188 | $734 |
| Western Reserve | $1,208 | $776 |
| Auto-Owners | $1,232 | $844 |
| Utica National | $1,287 | $879 |
Fort Wayne, IN
Getting a cheaper auto premium in Fort Wayne is easy if you know where to get quotes from.
I found the cheapest auto insurance rates with Erie, Western Reserve, and GEICO.
Each queried at $1,008, $1,021, and $1,056 respectfully for a 30-year-old driver.
Which is 35% cheaper than the average rate of $1,743.
The Cincinnati and Progressive are about $100 higher at $1,098 (The Cincinnati) and $1,107 (Progressive).
It would be smart for a 30-year old to get quotes from all insurers illustrated for maximum savings.
For a 45-year-old driver, I found quotes less than $700 with three insurance companies.
Erie at $655, Western Reserve at $676, and GEICO at $690, which is 50% more than the “mean” rate in Fort Wayne.
Out of the 7 companies I queried, the most expensive was Utica National at $1,167 for a 30-year old and $864 for a 45-year-old driver.
Still fairly inexpensive compared to the average rate of Fort Wayne.
| Fort Wayne Company | 30 Y/O Driver | 45 Y/O Driver |
|---|---|---|
| Erie | $1,008 | $655 |
| Western Reserve | $1,021 | $676 |
| GEICO | $1,056 | $690 |
| The Cincinnati | $1,098 | $704 |
| Progressive | $1,107 | $765 |
| Auto-Owners | $1,154 | $806 |
| Utica National | $1,167 | $864 |
Evansville, IN
To get cheaper auto insurance in Evansville, I recommend getting quotes from Erie, The Cincinnati, and Western Reserve.
Each queried at $1,010, $1,027, and $1,087 respectfully for a 30-year-old driver.
Which is over 30% cheaper than the average rate of $1,854 per year for full coverage.
GEICO and Progressive are 25% lower than the citywide “mean” rate at $1,100 and $1,143 respectfully for the same 30-year old.
For a 45-year-old driver, I found quotes clustering between $812 and $987.
Erie, The Cincinnati, and Western Reserve being the lowest at $812, $823, and $856 respectfully for a 45-year old.
Out of the 7 insurance firms I queried, the most expensive is Indiana Farmers Mutual at $1,189 for a 30-year old and $987 for a 45-year old.
Still, hundreds in savings compared to other insurers in Evansville.
| Evansville Company | 30 Y/O Driver | 45 Y/O Driver |
|---|---|---|
| Erie | $1,010 | $812 |
| The Cincinnati | $1,027 | $823 |
| Western Reserve | $1,087 | $856 |
| GEICO | $1,100 | $906 |
| Progressive | $1,143 | $923 |
| Auto-Owners | $1,176 | $956 |
| Indiana Farmers Mutual | $1,189 | $987 |
South Bend, IN
Drivers can find inexpensive coverage by getting quotes from Erie, The Cincinnati, and Western Reserve.
Each queried at $965, $978, and $979 respectfully for a 30-year-old driver.
Or more than 50% lower than the high-average rate of $1,932 per year for full coverage.
GEICO and Indiana Farmers Mutual are over 40% lower at $1,054 and $1,090, respectfully.
For a 45-year-old driver, I found 2 insurers clustering under $800 per year.
Erie at $746 and The Cincinnati at $789 for full coverage.
Western Reserve and GEICO are more than 40% lower than the “mean” rate for a 45-year old at $823 and $865, respectfully.
Out of the 7 insurers queried, the most expensive was Auto-Owners at $1,121 for a 30-year old and $932 for a 45-year-old driver.
| South Bend Company | 30 Y/O Driver | 45 Y/O Driver |
|---|---|---|
| Erie | $965 | $746 |
| The Cincinnati | $978 | $789 |
| Western Reserve | $989 | $823 |
| GEICO | $1,054 | $865 |
| Indiana Farmers Mutual | $1,090 | $890 |
| Progressive | $1,100 | $902 |
| Auto-Owners | $1,121 | $932 |
Gary, IN
Gary has higher than average insurance premiums with a “mean” rate of $1,976 per year.
I suggest getting quotes from Erie, The Cincinnati, and Western Reserve to find the cheapest auto insurance.
I queried each at $1,234, $1,245, and $1,265 respectfully for a 30-year-old driver.
About 34% lower than the citywide average rate.
GEICO and Indiana Farmers Mutual are about $100 and $150 higher than my top three choices, but it would be worth seeing what quote they would offer you.
For a 45-year old, I found one insurer less than $1,000 per year – Erie at $978.
The Cincinnati, Western Reserve, and GEICO are within $100 of the cheapest insurer I queried.
All four insurers are over 23% lower than the “mean” rate in Gary.
The most expensive – Auto-Owners is 18% lower than the “mean” rate at $1,487 for a 30-year old and $1,187 for a 45-year-old driver.
| Gary Company | 30 Y/O Driver | 45 Y/O Driver |
|---|---|---|
| Erie | $1,234 | $978 |
| The Cincinnati | $1,245 | $1,043 |
| Western Reserve | $1,265 | $1,056 |
| GEICO | $1,376 | $1,076 |
| Indiana Farmers Mutual | $1,421 | $1,127 |
| Progressive | $1,432 | $1,139 |
| Auto-Owners | $1,487 | $1,187 |
Bloomington, IN
Drivers in Bloomington can find affordable quotes with Erie, The Cincinnati, and Indiana Farmers Mutual.
I queried each at $1,255, $1,290, and $1,349 per year for a 30-year-old driver.
Which is 33% to 39% lower than the median rate for drivers with a similar profile.
Western Reserve and Progressive offer competitive quotes with prices at $1,387 and $1,465 per year for full coverage.
For a 45-year old your best options are with Erie and The Cincinnati.
I queried each at $908 and $987 per year for full coverage.
Which is 30% to 35% lower than the median rate for drivers of similar age and profile.
Indiana Farmers Mutual and Western Reserve offer competitive quotes with prices at $1,043 and $1,089 per year for full coverage.
In fact, it would be smart to get quotes from all carriers to find the most savings while maintaining equal or more coverage.
| Bloomington Company | 30 Y/O Driver | 45 Y/O Driver |
|---|---|---|
| Erie | $1,255 | $908 |
| The Cincinnati | $1,290 | $987 |
| Indiana Farmers Mutual | $1,349 | $1,043 |
| Western Reserve | $1,387 | $1,089 |
| GEICO | $1,409 | $1,100 |
| Progressive | $1,465 | $1,130 |
Lafayette, IN
If you can’t find the least expensive premium in Lafayette, you probably getting quotes from the wrong place.
Start with Erie, Indiana Farmers Mutual, and The Cincinnati.
I queried each at $1,130, $1,165, and $1,200 per year for a 30-year-old driver.
Which is 29% to 35% lower than the median rate for similar age drivers.
To be on the safe side, you would want to put Western Reserve, GEICO, and Progressive on your list to get quotes.
All three are over 21% lower than the drivers of a similar profile.
A 45-year old can find cheaper quotes with Erie and Indiana Farmers Mutual.
I queried each at $870 and $903 per year for full coverage.
Which is 33% to 35% lower than the “mean” quote for similar drivers.
Another great option is The Cincinnati, which offers quotes at $965.
Which is well below the median rate.
| Lafayette Company | 30 Y/O Driver | 45 Y/O Driver |
|---|---|---|
| Erie | $1,130 | $870 |
| Indiana Farmers Mutual | $1,165 | $903 |
| The Cincinnati | $1,200 | $965 |
| Western Reserve | $1,265 | $1,005 |
| GEICO | $1,376 | $1,075 |
| Progressive | $1,400 | $1,111 |
Terre Haute, IN
If you are looking for the cheapest car insurance in Terre Haute, your best options will probably be with Indiana Farmers Mutual, Erie, and The Cincinnati.
I queried each at $1,100, $1,125, and $1,198 per year for a 30-year-old driver.
Which is approximately 27% to 33% lower than the “mean” quote for similar age drivers.
Other great options to get quotes are with Western Reserve and Progressive. Each queried at $1,243 and $1,311 respectfully.
A 45-year old can find cheaper quotes with Indiana Farmers Mutual, Erie, and The Cincinnati.
I queried each at $844, $898, and $907 respectfully per year for full coverage.
Or approximately 28% lower than the “mean” quote for similar profile drivers.
| Terre Haute Company | 30 Y/O Driver | 45 Y/O Driver |
|---|---|---|
| Indiana Farmers Mutual | $1,100 | $844 |
| Erie | $1,125 | $898 |
| The Cincinnati | $1,198 | $907 |
| Western Reserve | $1,243 | $987 |
| Progressive | $1,311 | $1,054 |
| GEICO | $1,345 | $1,098 |
Resources & DMV Information
| Department of Insurance | Department of Transportation | Department of Motor Vehicles |
|---|---|---|
| 311 W Washington St, Indianapolis, IN 46204 (317) 232-2385 | 100 N Senate Ave, Indianapolis, IN 46204 (866) 849-1368 | Suite 107, 12955 Old Meridian St, Carmel, IN 46032 (888) 692-6841 |
| Website | Website | Website |
Sources
https://www.libertymutual.com/auto/car-insurance-coverage/indiana
https://www.thesimpledollar.com/best-car-insurance-in-indiana/
https://www.safeauto.com/state-insurance/indiana-auto-insurance
