Auto Insurance Costs: Indiana Location Matters

The cost of auto insurance in Indiana varies based on several factors, including age, location, driving record, and credit score. The average cost of full-coverage car insurance in Indiana is $891 per year, while minimum coverage costs around $409 per year. The city in Indiana with the most expensive car insurance rates is East Chicago, a suburb of Chicago, Illinois, with an average monthly cost of $181 for full coverage. On the other hand, Berne, located near the Ohio border, has the cheapest rates, with an average monthly cost of $112 for full coverage.

Indiana's car insurance rates are generally moderate compared to other states due to factors such as lower population density, resulting in fewer accidents and claims, and a low number of uninsured motorists. Additionally, the cost of repairs and medical care in Indiana is typically lower than in many other parts of the country, contributing to more affordable insurance rates.

When it comes to specific insurance providers, Hastings Mutual offers the cheapest full coverage in Indiana, with an average rate of $806 per year. For minimum coverage, Auto-Owners Insurance has the lowest rates, with an average annual cost of $28 for Indiana drivers.

Car insurance costs in Indiana for different age groups

The cost of car insurance in Indiana varies depending on age, gender, location, driving record, and credit score.

Teen Drivers

Teens can expect to pay the highest rates for car insurance in Indiana. For a 16-year-old male driver, the average annual cost is $2,133 when added to a family policy, and $4,526 for an individual policy. For 17-year-olds, Indiana Farmers Insurance offers the lowest rates at an average of $3,990 per year. For 18-year-olds, the cheapest rates are offered by Travelers, with an average annual cost of $3,489.

Young Adults

For drivers aged 20-25, the average annual cost of car insurance in Indiana is $2,345.

Adults

Indiana drivers aged 30 to 60 pay the lowest average rates across all age groups, at around $1,464 per year.

Seniors

For drivers aged 60 and above, the average annual cost of car insurance in Indiana is $1,482.

By City

The cost of car insurance in Indiana also varies by city. The most expensive city for car insurance in Indiana is East Chicago, with an average monthly cost of $181 for full coverage. The cheapest city for car insurance is Berne, with an average monthly cost of $112 for full coverage.

Average car insurance costs in Indiana for teens

The cost of car insurance for teens in Indiana varies depending on their age, gender, and driving history. Here is a breakdown of the average annual and monthly costs for teens in Indiana:

16-year-olds

For 16-year-old drivers in Indiana, the average cost of car insurance is around $6,489 per year or $541 per month. Indiana Farmers Insurance offers the cheapest coverage for this age group, with an estimated annual cost of $4,128 or $344 per month.

17-year-olds

For 17-year-old drivers in Indiana, the average cost of car insurance is approximately $5,453 per year or $454 per month. Indiana Farmers Insurance again offers the most affordable rates, with an average annual cost of $3,990 or $333 per month.

18-year-olds

For 18-year-old drivers in Indiana, the average cost of car insurance is about $4,983 per year or $415 per month. Travelers offers the lowest rates for this age group, with an estimated annual cost of $3,489 or $291 per month.

19-year-olds

For 19-year-old drivers in Indiana, the average cost of car insurance is roughly $4,439 per year or $370 per month. Travelers continues to offer competitive rates, with an estimated annual cost of $2,610 or $218 per month.

21-year-olds

For 21-year-old drivers in Indiana, the average cost of car insurance is around $3,409 per year or $284 per month. Once again, Travelers offers the cheapest rates, with an estimated annual cost of $2,107 or $176 per month.

It is important to note that these estimates are based on certain assumptions, such as a clean driving record and good credit history. The cost of car insurance for teens in Indiana may vary depending on individual factors, including driving history, type of vehicle, and coverage limits. It is always a good idea to shop around and compare quotes from multiple insurance providers to find the most suitable coverage at the most competitive price.

Average car insurance costs in Indiana for new cars

The average cost of car insurance in Indiana varies depending on factors such as the driver's age, coverage level, location, driving record, and credit history.

For a 2012 model car, the average annual cost of full coverage car insurance is $717. This figure increases to $908 per year for a 2022 model, with the increase attributed to higher actual cash values, more expensive repairs, and a greater risk of theft.

The average annual cost of full coverage car insurance in Indiana is $891, while the state minimum coverage costs approximately $409 per year. The cost of full coverage insurance for a 30-year-old male driver in Indiana is around $1,515 per year or $126 per month.

The cost of car insurance in Indiana is influenced by factors such as population density, the number of uninsured motorists, and the cost of repairs and medical care. Urban areas with higher traffic volumes and theft rates tend to have higher insurance rates than rural areas.

When considering the level of coverage, the state minimum liability-only insurance costs around $34 per month, while full coverage insurance costs approximately $74 per month. Opting for a higher deductible can help alleviate some of the expense of full coverage insurance.

Age is a significant factor in determining car insurance rates, with younger drivers typically paying more. In Indiana, drivers aged 22 to 29 pay the highest rates, with an average annual premium of $1,091. Rates generally decrease as drivers gain experience, with those aged 30 to 59 paying about $891 annually and those over 60 enjoying the lowest rates at approximately $841 per year.

The cost of car insurance in Indiana is also impacted by an individual's driving record. Maintaining a clean driving record can result in lower premiums. Violations such as tickets, accidents, and DUIs can increase insurance costs, with a DUI conviction leading to a 61% increase in rates.

Additionally, credit scores play a role in determining insurance rates in Indiana. The average cost of car insurance varies from $569 per year for excellent credit scores to $1,161 for poor credit.

To secure affordable car insurance in Indiana, it is recommended to compare rates from multiple insurers, maintain a clean driving record, increase the deductible, and leverage available discounts.

Average car insurance costs in Indiana by driving record

The cost of car insurance in Indiana varies depending on the driver's age, driving record, and other factors. Here is an overview of the average car insurance costs in Indiana based on driving records:

• Clean Record: Drivers with a clean driving record in Indiana can expect to pay around $891 per year for full coverage car insurance.
• With a Ticket: A traffic ticket can increase your car insurance cost in Indiana. With a ticket on your record, you may pay around $1,171 per year or $98 per month for full coverage.
• With an At-Fault Accident: If you have an at-fault accident on your record, your car insurance rates will likely increase. In Indiana, the average cost of full coverage with an at-fault accident on your record is $1,428 per year, or $119 per month.
• With a DUI: A DUI will significantly impact your car insurance rates. In Indiana, the average cost of full coverage car insurance with a DUI on your record is $1,576 per year, or about $131 per month.

It's important to note that these rates are averages and may vary depending on other factors such as age, location, and credit score. Additionally, the cost of car insurance in Indiana is generally lower than the national average, with the state's moderate rates attributed to factors such as lower population density and a low number of uninsured motorists.

Average car insurance costs in Indiana by credit score

The average cost of car insurance in Indiana varies depending on the driver's credit score. According to MoneyGeek, a driver with an excellent credit score can expect to pay around $569 per year for car insurance, while a driver with a poor credit score may pay up to $1,161 per year.

Other factors that can affect car insurance rates in Indiana include age, driving record, location, gender, marital status, and vehicle type. For example, younger drivers aged 22 to 29 typically pay higher premiums, with an average annual rate of $1,091. Insurance costs usually decrease as drivers gain experience, with those aged 30 to 59 paying about $891 annually and those over 60 enjoying the lowest rates at approximately $841 per year.

Additionally, drivers with a clean record in Indiana often pay around $891 per year for full coverage car insurance, while those with a speeding ticket, an at-fault accident, or a DUI on their record can expect to pay higher premiums.

When it comes to location, East Chicago is the most expensive city in Indiana for car insurance, with an average monthly cost of $181 for full coverage. In contrast, Berne, located near the Ohio border, has the cheapest rates, with an average monthly cost of $112 for full coverage.

It's important to note that these averages may not reflect the exact cost of car insurance for an individual, as rates can vary depending on personal factors and the insurance company. Comparing quotes from multiple insurers is a recommended way to find the most affordable plan that meets an individual's specific needs.

Frequently asked questions