Who Has Affordable Indianapolis Auto Insurance for a Learners Permit?

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

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Who has the cheapest car insurance in Indiana?
Rank Company Cost Per Year
1 Travelers $596
2 USAA $661
3 Cincinnati Insurance $684
4 Erie $712
5 Indiana Farmers Mutual $867
6 Western Reserve $872
7 Auto-Owners $879
8 The Hartford $889
9 Nationwide $930
10 State Farm $957
11 Hastings Mutual $973
12 Utica National $995
13 Motorists Mutual $996
14 Safeco $1,013
15 Farmers $1,064
16 Westfield $1,072
17 Wolverine Mutual $1,094
18 Progressive $1,095
19 State Auto $1,098
20 GEICO $1,122
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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.

Cheapest Vehicles to Insure in Indianapolis, IN
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
Toyota Prius $5,570
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.

How much does car insurance cost in Indianapolis, IN?
Rank City Premium Per Year
1 Gary $1,360
2 Hammond $1,327
3 Portage $1,137
4 Merrillville $1,128
5 Indianapolis $1,092
6 Lawrence $1,088
7 Evansville $1,077
8 Jeffersonville $1,070
9 Terre Haute $1,045
10 Anderson $1,031
11 New Albany $1,028
12 Kokomo $1,001
13 Columbus $984
14 South Bend $976
15 Fishers $974
16 Bloomington $968
17 Mishawaka $965
18 Elkhart $965
19 Fort Wayne $956
20 Muncie $955
21 Carmel $947
22 Richmond $935
23 Greenwood $931
24 Noblesville $920
25 Lafayette $899
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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.

Best Ten Car Insurance Companies for a Learners Permit in Indianapolis
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
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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.

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-2Indianapolis, IN 46250(317) 897-1900

Norm Street – State Farm Insurance Agent
8610 E Washington StIndianapolis, IN 46219(317) 898-2626

GEICO Insurance Agent
3837 N High School Rd Suite 10Indianapolis, IN 46254(317) 216-0932

View map of Indianapolis, IN insurance agents