The words “low-cost” and “insurance” probably shouldn’t be used in the same sentence, in particular when searching for the best price on coverage for a learners permit. In an attempt to save some money, let’s introduce you to some of the things the can have a considerable influence on auto insurance prices, and figure out some ways to lower the cost of the next policy you buy.
Determining which companies quote the most affordable car insurance rates for a learners permit will require a little more sweat in order to find the best policy. Each auto insurer has their own guidelines to set premium rates, so we need to take a look at the car insurance companies that tend to have lower prices in Indianapolis, IN.
We do need to point out that Indianapolis car insurance rates are based on many factors which can significantly increase or decrease the cost of coverage. Simply having a birthday, moving to a new city, or getting a few speeding tickets can cause premium changes that can cause some rates to be cheaper than others.
Best Insurance Companies in Indiana
|Rank||Company||Cost Per Year|
|5||Indiana Farmers Mutual||$867|
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Travelers has some of the lowest car insurance rates in Indianapolis at around $596 a year. This is $644 less than the average policy premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual are also some of the cheaper Indianapolis, IN car insurance companies.
In this example, if you buy coverage from Indiana Farmers Mutual and switched to USAA, you could realize yearly savings of about $206. Drivers with Western Reserve could save as much as $211 a year, and Auto-Owners insureds might see rate reductions of $218 a year.
To get a fast rate comparison, click here to start your custom quote or visit several of the following companies.
Bear in mind that those prices are averaged across all drivers and vehicles and and are not calculated with an exact vehicle garaging location for a learners permit. So the insurer that has the lowest price for you may not even be in the top 36 companies in the list above. That point stresses why you need to compare rates from multiple companies using your own specific driver and vehicle information.
The type of vehicle requiring coverage is a significant factor when shopping around for the best cheap coverage for a learners permit. Vehicles with lots of speed or power, a lack of safety features, or a high likelihood of having liability claims will cost significantly more to insure than safer, lower-performance models.
The data below showcases auto insurance premiums for the cheaper vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$5,157|
|Honda Accord LX-P 4-Dr Sedan||$5,166|
|Ford Escape Limited 2WD||$5,206|
|Ford Explorer XLT 4WD||$5,797|
|Ford F-150 XLT Super Cab 2WD||$5,806|
|Volkswagen Jetta SE 2.5 Station Wagon||$5,887|
|Chevrolet Impala LT||$6,113|
|Jeep Grand Cherokee Laredo 4WD||$6,120|
|Ford Fusion S 4-Dr Sedan||$6,113|
|Chevrolet Silverado LS Extended Cab 4WD||$6,122|
|Toyota RAV4 Limited 4WD||$6,113|
|Chevrolet Malibu Hybrid||$6,119|
|Dodge Grand Caravan Crew||$6,161|
|Toyota Tacoma Double Cab 4WD||$6,169|
|Hyundai Elantra Blue 4-Dr Sedan||$6,380|
|Honda Civic LX 4-Dr Sedan||$6,389|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$6,424|
|Honda Odyssey EX-L W/Rear Entertainment||$6,429|
|Ford Edge Sport 2WD||$6,434|
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Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in your specific Indianapolis, IN location which can influence rates considerably.
Looking at the rates, you can infer that cars like the Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius will be some of the most affordable vehicles to insure for new drivers. The price of auto insurance will be higher anyway because there is more claim risk for a learners permit, but in general those vehicles will tend to have the best insurance prices that you are likely to find.
One of the more important criteria that determine auto insurance rates is where you keep your vehicle. Areas with more people or higher crime rates will most likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower prices.
The next table rates the most expensive areas in Indiana for a learners permit to buy car insurance in. Indianapolis comes in at #5 with a yearly cost of $1,092 for the average insured, which is about $91 per month.
|Rank||City||Premium Per Year|
|Find the Best Rates Go|
Rate quotes are estimated as specific Indianapolis garaging address can alter prices noticeably.
The diagram below highlights how deductible choice can affect premium costs when quoting cheap insurance for a learners permit. The price estimates are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
A 30-year-old driver could save $254 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $384 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could lower their rates up to $566 or more by choosing a larger deductible amount. When choosing a higher deductible, it is important to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Selecting the best car insurance company can be a challenge considering how many companies there are in Indianapolis. The rank data displayed below could help you choose which car insurance companies you want to consider when trying find the best insurance for a learners permit. These rankings are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so companies that have a smaller presence are not taken into consideration for the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Ideas to find cheaper auto insurance for a learners permit
Here are a few penny-pinching solutions that can help you quote cheaper coverage.
- Improve your credit rating
- Higher physical damage deductibles lower rates
- Keep your driving record clean
- Drive vehicles with five-star safety ratings
- Prevent price hikes by avoiding at-fault accidents
- Shop around once a year for cheaper rates
That last piece of advice is highly important, as was discussed in the prior article. Auto insurance rates in Indianapolis change constantly, so don’t be hesitant to buy a different policy if a better rate can be found.
Having a favorite company is great, but it isn’t a good idea if that dedication is costing several hundred dollars every year. Take a couple minutes and compare prices and find cheaper insurance for a learners permit.
If you aren’t sure which coverage you need and prefer to get some professional advice when shopping for cheaper insurance for a learners permit, the agents below can help you make a decision which auto insurance coverages would be the best in your situation. To locate an Indianapolis auto insurance agent nearest to you, click the button at the bottom.
State Farm: Amy Henry
7035 E 96th St Suite S-2 – Indianapolis, IN 46250 – (317) 897-1900
Norm Street – State Farm Insurance Agent
8610 E Washington St – Indianapolis, IN 46219 – (317) 898-2626
GEICO Insurance Agent
3837 N High School Rd Suite 10 – Indianapolis, IN 46254 – (317) 216-0932