What Car Insurance is Cheapest for Teachers in Indianapolis?

The make and model of vehicle that is being insured is one of the primary factors when quoting the most economical coverage for teachers. Vehicles with lots of speed or power, poor safety ratings, or high incidents of liability claims will cost much more to insure than more economical and safe models.

The next list features coverage prices for the most budget-friendly automobiles to buy coverage for.

Cheapest Vehicles to Insure in Indianapolis, IN
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,096
Hyundai Elantra SE Touring Station Wagon $1,188
Ford F-150 XLT Regular Cab 4WD $1,229
Ford Escape XLT 4WD $1,283
GMC Sierra SLE Crew Cab 2WD $1,295
Dodge Grand Caravan SXT $1,319
Ford Explorer Limited 2WD $1,328
Honda Accord LX-P 4-Dr Sedan $1,343
Toyota Corolla XLE $1,364
GMC Sierra 2500HD SLE Crew Cab 4WD $1,388
Chevrolet Equinox LTZ 2WD $1,393
Honda Civic DX 4-Dr Sedan $1,457
Volkswagen Jetta SE 2.5 Station Wagon $1,469
Chevrolet Malibu Hybrid $1,485
Toyota Prius $1,492
Toyota Tacoma 4WD $1,504
Ford Focus SES 4-Dr Sedan $1,535
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Estimates do not factor in specific location information which can affect insurance rates greatly.

Based on these rates, we can assume that makes and models like the Honda CR-V, Hyundai Elantra, Ford F-150, Ford Escape, and GMC Sierra will definitely be a few of the most affordable vehicles to insure for teachers and educators.

For teachers and educators, one of the more important components that aid in calculating the annual cost of car insurance is where you call home. Areas with high crime rates or more dense population are more likely to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of cheap car insurance rates.

The information below sorts the highest-priced areas in Indiana for teachers to purchase car insurance in. Indianapolis comes in at #6 with an annual cost of $1,082 for the average insured, which is approximately $90 monthly.

How much is auto insurance in Indianapolis, IN?
Rank City Premium Per Year
1 Gary $1,347
2 Hammond $1,327
3 Portage $1,137
4 Merrillville $1,106
5 Lawrence $1,099
6 Indianapolis $1,082
7 Jeffersonville $1,070
8 Terre Haute $1,067
9 New Albany $1,059
10 Evansville $1,045
11 Anderson $1,041
12 Kokomo $1,001
13 Bloomington $988
14 Fort Wayne $985
15 Columbus $975
16 Richmond $973
17 Elkhart $965
18 Greenwood $960
19 Noblesville $958
20 South Bend $956
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Rate quotes are approximated as specific location information can affect price quotes considerably.

Insurance rate increases from tickets or accidents

One of the best ways to maintain cheap auto insurance prices in Indianapolis for teachers and educators is to be an attentive driver and avoid at-fault accidents and violations. The chart below illustrates how traffic citations and at-fault accidents can affect car insurance costs for each age group. The data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

In the prior example, the average cost of car insurance in Indianapolis per year with a clean driving record and no accidents is $1,024. Get written up for two speeding tickets and the average cost hikes up to $1,448, an increase of $424 each year. Now include two accidents along with the two speeding tickets and the annual cost of auto insurance for teachers goes up to an average of $3,103. That’s an increase of $2,079, or $173 per month, just for not driving attentively!

Get discounts on Indianapolis auto insurance rates

Cheaper Indianapolis, IN auto insurance for teachers and educatorsCar insurance companies that offer coverage for teachers may also offer discounts that could potentially reduce rates by 30% or more if you qualify. A few of the larger companies and some of the discounts are outlined below.

The diagram below visualizes the comparison of insurance prices with and without discounts applied to the premium. The premiums assume a male driver, no claims, a clean driving record, Indiana state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, vehicle safety, claim-free, marriage, multiple policy, and passive restraint discounts applied. When these discounts are applied to the policy premium, the average savings per year on auto insurance for teachers is 28% or $441.

The information below illustrates how your deductible choice can increase or decrease insurance rates when researching cheap insurance for teachers. The price estimates are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

The data above shows that a 50-year-old driver could lower their car insurance rates by $312 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $470 by switching to a $1,000 deductible. Young drivers, such as the 20-year-old example, could lower their rates as much as $1,042 each year by using a higher deductible.

When choosing a higher deductible, it will be required to have emergency funds available to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Tips for buying budget-friendly car insurance for teachers

It is possible to find better rates, and here are a few thrifty suggestions that can help drivers quote lower-cost coverage.

The last tip is particularly important, as was discussed in the prior article. Insurance prices go up and down frequently, so drivers shouldn’t hesitate to switch to a new company if you find a better deal. Sticking with a specific company is fine, but it isn’t a good idea if that loyalty ends up costing a wad of cash every year. Now is a great time to compare prices and find cheaper insurance for teachers in Indianapolis.

If you wish to have a consultation when buying car insurance for teachers, the agents shown below can provide answers to your questions and help you determine which auto insurance policy fits you best. To find an Indianapolis insurance agency closest to you, click the link after the list or click here to compare rates now.

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