What Insurance is Cheapest for Drivers Over Age 60 in Indianapolis?

One of the many criteria that are used to help calculate the cost of insurance is where you choose to live. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.

The information below ranks the most expensive areas in Indiana for drivers over age 60 to buy car insurance in. Indianapolis comes in at #8 with a yearly cost of $1,050 for the average insurance policy, which is approximately $88 per month.

How much is car insurance in Indianapolis?
Rank City Average Per Year
1 Gary $1,401
2 Hammond $1,314
3 Portage $1,104
4 Lawrence $1,099
5 Merrillville $1,095
6 Evansville $1,077
7 Terre Haute $1,077
8 Indianapolis $1,050
9 Jeffersonville $1,048
10 Kokomo $1,041
11 Anderson $1,031
12 New Albany $1,028
13 Bloomington $998
14 Columbus $984
15 Fort Wayne $976
16 South Bend $976
17 Mishawaka $965
18 Carmel $957
19 Elkhart $956
20 Muncie $955
21 Fishers $945
22 Richmond $944
23 Greenwood $931
24 Noblesville $930
25 Lafayette $899
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Prices are approximated as vehicle location can decrease or increase auto insurance rates considerably.

Locating cheap car insurance is not the easiest thing to accomplish, and figuring out which company offers the best car insurance rates for drivers over age 60 will take even more shopping around. Every car insurance company uses their own method to establish rates, so let’s begin by examining the overall cheapest car insurance companies in Indiana.

Compare Cheap Insurance Quotes for Age 60+

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Who has the cheapest car insurance in Indiana?
Rank Company Cost Per Year
1 Travelers $620
2 Cincinnati Insurance $658
3 USAA $661
4 Erie $733
5 Western Reserve $838
6 Indiana Farmers Mutual $849
7 The Hartford $889
8 Auto-Owners $915
9 Nationwide $958
10 Motorists Mutual $986
11 State Farm $987
12 Utica National $995
13 Hastings Mutual $1,003
14 Safeco $1,003
15 Farmers $1,022
16 Westfield $1,061
17 Wolverine Mutual $1,061
18 State Auto $1,131
19 GEICO $1,133
20 Progressive $1,139
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Travelers may have some of the most affordable car insurance rates in Indianapolis at around $620 a year. This is $620 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also rank well as some of the more affordable Indianapolis, IN auto insurance companies.

As illustrated above, if you have coverage with Western Reserve and switched to Cincinnati Insurance, you may realize yearly savings of in the vicinity of $180. Policyholders with Indiana Farmers Mutual may save as much as $191 a year, and The Hartford policyholders might lower prices by $231 a year.

Bear in mind that those policy rates are averaged across all ages of drivers and types of vehicles and and are not calculated with a specific zip code for drivers over age 60. So the auto insurance company that fits your age and vehicle best may not even be in the top 36 companies shown above. That helps illustrate why you need to get auto insurance quotes using your own driver and vehicle profiles.

Types of discounts on Indianapolis car insurance rates

Discounts on car insurance for drivers over age 60Car insurance companies that offer quotes for drivers over age 60 may have discounts that may potentially lower prices by as much as 30% if you qualify for them. Popular car insurance companies and their offered discounts are included below.

The diagram below compares insurance premiums with and without policy discounts. The data is based on a male driver, no claims or driving violations, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with claim-free, marriage, accident-free, passive restraint, homeowner, and defensive driving course discounts applied. When discounts are factored in, theaverage yearly reduction on car insurance for drivers over age 60 is 30% or $590.

Careless Indianapolis drivers pay higher rates

The recommended way to maintain the cheapest car insurance rates in Indianapolis for older drivers is to be a careful driver and avoid accidents and traffic violations. The illustration below shows how speeding tickets and at-fault accidents can affect insurance prices for each age group. Data assumes a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

The data above shows the average cost of a car insurance policy per year with no accidents or violations is $1,529. Get written up for two speeding tickets and the average cost swells to $2,057, an increase of $528 each year. Then add in two accidents along with the two speeding tickets and the annual cost of car insurance for drivers over age 60 goes up to an average of $3,923. That’s an increase of $2,394, or $199 per month, just for not maintaining a clean driving record!

How to find the cheapest auto insurance for drivers over age 60

The list below summarizes some of the better money-saving ideas that can help Indiana drivers quote cheap auto insurance.

That final tip is incredibly valuable, as was stressed in this write-up. Prices charged by companies fluctuate constantly, so drivers shouldn’t be resistant to switch to a new company if a better rate can be found.

We understand brand loyalty, but it’s not a good idea if it’s costing you money that could be used for better things. It only takes a couple minutes to shop around to find cheaper auto insurance for drivers over age 60 in Indianapolis.

If you have questions and prefer to have professional advice when shopping for cheaper insurance for older drivers, the agencies below can probably answer your questions and help you decide which auto insurance coverages would be the best in your situation. To locate an agency by location nearest to you, click the button link following the list.

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