What Auto Insurance is Cheapest for Nurses in Indianapolis?

The words “cheap” and “insurance” probably shouldn’t be used together, specifically when searching for the best car insurance rates for nurses. Because of the high cost, let’s start off by going over a few of the things that influence car insurance premiums, and see if we can help you take the sting out of your next policy.

Deciphering which company quotes the cheapest car insurance rates for nurses will involve more time in order to find the lowest price. Every insurance company uses their own calculation for setting prices, so let’s take a look at the car insurance companies that tend to be cheaper in Indiana.

It’s a good idea to know that Indiana car insurance rates are influenced by many factors which can substantially decrease or increase the cost of your policy. Simply having another birthday, moving across town, or getting a few speeding tickets may cause policy rate changes that may make certain companies cheaper than competitors.

Best Car Insurance Prices for Health Occupations

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Travelers may have some of the lowest car insurance rates in Indianapolis at around $602 annually. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also make the cut as some of the cheapest Indianapolis, IN insurance companies.

As the rates illustrate above, if you currently buy coverage from Erie and switched to Cincinnati Insurance, you could earn savings of approximately $49. Insureds with Indiana Farmers Mutual may save as much as $165 a year, and The Hartford insureds might cut rates by $171 a year.

To find cheaper insurance rates for your vehicle, click here or click through to the companies below.

Remember that these premium estimates are averages for all ages of drivers and types of vehicles and are not factoring in a specific location for nurses. So the auto insurance company that can offer you the best price may not even be in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

The type of vehicle on the policy is probably the largest consideration when shopping for economical car insurance for nurses. Vehicles with higher performance characteristics, a lack of advanced safety features, or a high likelihood of having liability claims will cost much more to insure than safer models. The list below ranks coverage rates for a selection of the more affordable vehicles to insure in Indiana.

Cheapest Vehicles to Insure in Indianapolis, IN
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,147
Dodge Grand Caravan SE $1,285
Chevrolet Impala LS $1,331
Honda CR-V EX-L 2WD $1,339
Toyota RAV4 Sport 4WD $1,356
Toyota Corolla S $1,426
Ford F-150 STX Super Cab 2WD $1,443
Chevrolet Malibu LTZ $1,453
Chevrolet Equinox LTZ AWD $1,460
GMC Sierra 3500HD SLE Crew Cab 2WD $1,479
Toyota Camry Hybrid $1,550
Ford Fusion SEL AWD 4-Dr Sedan $1,557
Toyota Camry LE $1,555
Toyota Prius $1,562
Jeep Wrangler Rubicon 4WD 2-Dr $1,574
Ford Explorer Eddie Bauer 4WD $1,584
Dodge Ram Quad Cab ST 2WD $1,593
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Information does not factor in your specific Indianapolis, IN location which can impact premiums considerably.

Looking at the data, cars like the Ford Escape, Dodge Grand Caravan, and Chevrolet Impala are going to be some of the most affordable vehicles to insure for health professionals.

For health professionals, one of the largest components that are looked at to determine car insurance rates is where you keep your vehicle. Cities with more crime and/or more people likely pay more, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.

The following table ranks the most expensive places in Indiana for nurses to purchase a policy in. Indianapolis makes the list at #8 with the annual price of $1,050 on average, which is about $88 monthly.

How much is car insurance in Indianapolis?
Rank City Average Per Year
1 Gary $1,360
2 Hammond $1,275
3 Merrillville $1,128
4 Portage $1,104
5 Evansville $1,077
6 Terre Haute $1,067
7 Lawrence $1,055
8 Indianapolis $1,050
9 Jeffersonville $1,048
10 New Albany $1,039
11 Kokomo $1,031
12 Anderson $1,011
13 Bloomington $988
14 Elkhart $985
15 Fort Wayne $976
16 South Bend $976
17 Richmond $973
18 Mishawaka $965
19 Columbus $955
20 Carmel $947
21 Fishers $945
22 Greenwood $941
23 Noblesville $930
24 Muncie $927
25 Lafayette $899
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Premium amounts are estimated as the garaging address in Indianapolis can decrease or increase prices greatly.

Does it make sense to buy full coverage?

Paying a lower price for car insurance is probably important to most people, and one of the easiest ways to pay less for insurance for nurses is to buy liability only. The information below visualizes the comparison of premium costs with full coverage compared to only the Indiana minimum liability coverage. The price estimates are based on no claims or violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.

If we average all the age groups together, physical damage coverage on your policy costs an additional $1,454 per year more than just buying liability insurance. At some point, every insured wonders when is the right time to remove full coverage. There is no exact formula to eliminate physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s book value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If premium cost is more than $500 a year for physical damage coverage, then it may be the right time to buy liability only.

Best car insurance in Indianapolis

Choosing the right auto insurance company can be difficult considering how many different companies insure vehicles in Indiana. The ranking information shown next could help you decide which providers you want to consider when shopping car insurance rates for nurses. These ratings include insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure will not be included in this list.

Top 10 Large Auto Insurers in Indianapolis Ranked by A.M. Best Rating

  1. USAA – A++
  2. GEICO – A++
  3. Travelers – A++
  4. State Farm – A++
  5. Allstate – A+
  6. Progressive – A+
  7. Erie Insurance – A+
  8. The Hartford – A+
  9. Nationwide – A+
  10. Esurance – A+

Top 10 Large Auto Insurers Overall in Indianapolis

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

The chart below demonstrates how deductibles can affect insurance costs when searching for cheap insurance for nurses. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are applied.

In the chart above, a 50-year-old driver could save $192 a year by increasing from a $100 deductible to a $500 deductible, or save $290 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could reduce their rates up to $476 or even more just by choosing higher deductibles when buying full coverage. When choosing a higher deductible, it will be important to have enough in a savings account to be able to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

How to find low-cost auto insurance for nurses

The list below summarizes some of the better penny-pinching solutions that can help Indianapolis drivers find more affordable auto insurance.

That final tip is incredibly necessary, as was stressed in the prior information. Coverage prices fluctuate considerably, so drivers shouldn’t be reluctant to buy a different policy if a more affordable rate is found.

Sticking with a specific company is fine, but it’s not recommended if that loyalty results in overpaying hundreds of dollars a year. Take a couple minutes and shop around to find cheaper insurance for nurses in Indianapolis.

If you wish to have a consultation when comparing insurance rates for nurses, the insurance agencies listed below are willing to aid you in deciding which car insurance policy is best. To find an auto insurance agency close to where you live, click the button after the list.

A1 Insurance
4030 S Emerson Ave EIndianapolis, IN 46203(317) 787-4995

State Farm: Rahvy Murray
3955 Eagle Creek Pkwy EIndianapolis, IN 46254(317) 297-3804

Chris Stringer – State Farm Insurance Agent
4875 W 56th St gIndianapolis, IN 46254(317) 803-2241

Burns Insurance Agency – Commercial, Personal and Transportation Insurance Specialists
1433 N Meridian StIndianapolis, IN 46202(317) 377-1100

More insurance agents in Indianapolis, IN