What Car Insurance is Cheapest for Uber Drivers in Indianapolis?

You have most likely seen the catchy advertisements from companies like GEICO and State Farm that make promises of dirt cheap rates. So drivers just need to choose the one with the best commercial, right?

It’s just not that easy, however, as there are many unknown elements like where you live in Indianapolis, if you own or rent your home, whether you are married or single, and whether you are male or female, that all have an effect on the price. We will touch on some of these topics and should give you a good beginning to your quest for cheaper car insurance.

The make and model of vehicle requiring insurance is probably the largest consideration when trying to find the best coverage for Uber drivers. Vehicles with high performance, poor crash test ratings, or a history of substantial liability claims will cost more to insure than safer, lower-performance models.

The next table outlines car insurance premiums for a selection of the most economical vehicles to buy insurance for.

Cheapest Vehicles to Insure in Indianapolis, IN
Vehicle Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $1,298
Honda Accord EX 4-Dr Sedan $1,307
Honda CR-V LX 2WD $1,298
Ford Edge SE 2WD $1,301
Toyota Prius $1,315
Jeep Wrangler Sport 4WD 2-Dr $1,337
Ford Escape XLT 4WD $1,374
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,431
Toyota Corolla XLE $1,480
GMC Sierra SLE Crew Cab 2WD $1,507
Honda Odyssey EX $1,517
Volkswagen Jetta SEL 4-Dr Sedan $1,507
Ford F-150 XLT Crew Cab 2WD $1,509
Jeep Grand Cherokee Laredo 2WD $1,536
Ford Explorer Limited AWD $1,566
Nissan Rogue SL AWD $1,578
Chevrolet Impala LT $1,583
Toyota RAV4 Limited 4WD $1,592
Nissan Altima 2.5 4-Dr Sedan $1,583
Ford Fusion Sport AWD 4-Dr Sedan $1,610
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Table data does not factor in specific location which can affect auto insurance rates substantially.

Based on these rates, you can presume that cars like the Hyundai Elantra, Honda Accord, Honda CR-V, Ford Edge, and Toyota Prius are going to be a few of the cheaper vehicles to insure for Uber vehicles.

One of the many components that help determine the annual cost of car insurance is where you call home in Indianapolis. Areas with more people or more claims tend to have higher auto insurance costs, whereas areas that tend to be more rural benefit from lower prices.

The following table ranks the most costly cities in Indiana for Uber drivers to buy an auto insurance policy in. Indianapolis makes the list at #5 with an annual cost of $1,082 for coverage, which is around $90 each month.

Car insurance prices in Indianapolis
Rank City Average Per Year
1 Gary $1,388
2 Hammond $1,275
3 Portage $1,126
4 Merrillville $1,106
5 Indianapolis $1,082
6 Lawrence $1,066
7 New Albany $1,059
8 Jeffersonville $1,048
9 Evansville $1,045
10 Terre Haute $1,045
11 Anderson $1,041
12 Kokomo $1,031
13 Bloomington $998
14 Elkhart $995
15 Fishers $983
16 Columbus $975
17 Muncie $965
18 Noblesville $958
19 South Bend $956
20 Carmel $947
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Rate information is approximated as vehicle location can revise coverage prices considerably.

Finding dependable, cost effective auto insurance is confusing at best, and figuring out which company offers the cheapest auto insurance rates for Uber drivers takes even more work.

Each auto insurance company has their own guidelines for filing rates in each state, so we’ll go over the auto insurance companies that tend to be cheaper in Indianapolis.

Cheapest Insurance Rates for Your Uber Vehicle

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Cheapest auto insurance in Indiana ranked by cost per year
Rank Company Cost Per Year
1 Travelers $620
2 Cincinnati Insurance $664
3 USAA $687
4 Erie $733
5 Western Reserve $846
6 Indiana Farmers Mutual $867
7 Auto-Owners $879
8 The Hartford $881
9 Nationwide $930
10 Utica National $965
11 Motorists Mutual $986
12 State Farm $987
13 Hastings Mutual $1,003
14 Safeco $1,013
15 Farmers $1,022
16 Wolverine Mutual $1,072
17 Progressive $1,095
18 State Auto $1,098
19 Westfield $1,105
20 GEICO $1,122
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Travelers may offer some of the cheapest car insurance rates in Indianapolis at around $620 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also make the list of some of the cheapest Indianapolis, IN car insurance companies.

As illustrated above, if you currently have coverage with Erie and switched to Travelers, you could see an annual premium reduction of approximately $113. Insureds with Western Reserve may save as much as $226 a year, and Indiana Farmers Mutual policyholders might cut rates by $247 a year.

To find the cheapest rates for your vehicle, click here to start a quote or visit any of the companies below.

Bear in mind that those rates are averages across all insureds and vehicles and do not factor in a specific zip code for Uber drivers. So the company that has the lowest price for you may not even be in the top 36 companies in the list above. That’s why you need to compare as many prices as possible using your own driver information and specific vehicle type.

Get discount Indianapolis auto insurance

Cheaper Indianapolis, IN auto insurance for Uber vehiclesInsurance companies that provide coverage for Uber drivers may provide premium discounts that could lower prices by 30% or more if you meet eligibility requirements. A list of companies and their offered discounts are shown below.

The illustration below shows the difference between insurance premiums with and without discounts applied to the premium. The data assumes a female driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, claim-free, homeowner, anti-theft, passive restraint, and defensive driving course discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for Uber drivers is 28% or $337.

The chart below illustrates how your choice of deductibles can affect insurance premiums when quoting cheap insurance for Uber drivers. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

A 50-year-old driver could save $192 a year by changing from a $100 deductible up to a $500 deductible, or save $290 by selecting a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could lower their rates up to $476 or more by choosing a larger deductible amount.

If you do decide to increase your deductibles, it will now be necessary to have spare funds to allow you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Auto insurance companies ranked

Buying coverage from the best insurance company can be rather challenging considering how many choices there are in Indianapolis. The rank data shown next could help you pick which auto insurance companies to look at when comparing insurance rates for Uber drivers.

These ratings are only comprised of the companies with a significant amount of written premium nationwide, so companies that only write business in Indiana or surrounding areas are not factored into these rankings. To check rates from many more Indiana auto insurance companies, simply click here.

Best Ten Auto Insurance Companies for Uber Drivers in Indiana
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

Are you paying too much for car insurance in Indianapolis?

Indianapolis auto insurance rates are calculated based on many things that will increase or decrease the cost of having a policy. Improving your credit score, buying higher coverage limits, or getting a driving violation may generate price changes resulting in some companies being cheaper than competitors. Not only that, but companies amend premium rates every year or even multiple times each year to adjust for heavy claims or excess profits. A period of increased losses may result in increased rates, while a better claims history may produce lower-cost Indianapolis car insurance rates.

The data below shows which company has the cheapest car insurance in Indianapolis, IN for a 35-year-old male driver with no prior accidents, a clean driving record, and a good credit rating. If we estimate rates based on his current rating profile, Travelers offers the best car insurance rates in Indianapolis at $753 annually. This is $487 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are also on the list of the top five cheapest Indianapolis, IN auto insurance companies.

In this next rate comparison, we will give the driver from the first set of rates an accident claim, a lower credit score, and a speeding citation. Since every car insurance company has a unique formula to set premium rates, analyzing rates could now result in a different ranking of cheap Indianapolis auto insurance companies as shown below.

The Hartford now has the cheapest rate in Indianapolis with Cincinnati Insurance, Auto-Owners, Nationwide, and USAA also being competitive. This illustrates why consumers need to do a thorough rate comparison when trying to get the most economical car insurance rates for Uber drivers.

Car insurance prices consist of many different factors and change dramatically, so the most economical option the last time you compared rates may now be one of the more expensive options.