The make and model of vehicle needing coverage is a large consideration that determines whether or not you can buy the cheapest auto insurance for uninsured drivers. Vehicles with reasonable performance levels, an excellent safety record, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models. The table below showcases insurance prices for some of the most economical vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Volkswagen Jetta S 2.5 Station Wagon||$1,240|
|Honda CR-V LX 4WD||$1,249|
|Jeep Grand Cherokee Laredo 4WD||$1,350|
|Honda Accord EX-L 4-Dr Sedan||$1,358|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,367|
|Ford F-150 Lariat Crew Cab 4WD||$1,374|
|Ford Escape Limited 4WD||$1,391|
|Ford Explorer XLT 2WD||$1,396|
|Nissan Altima Hybrid 4-Dr Sedan||$1,447|
|Chevrolet Equinox LTZ AWD||$1,452|
|Ford Focus SE 4-Dr Sedan||$1,447|
|Chevrolet Silverado LT Crew Cab 4WD||$1,455|
|Hyundai Sonata GLS 4-Dr Sedan||$1,449|
|Dodge Grand Caravan CV||$1,455|
|Nissan Rogue SL 2WD||$1,449|
|Ford Fusion S 4-Dr Sedan||$1,476|
|Chevrolet Malibu LS||$1,486|
|GMC Sierra SL Extended Cab 2WD||$1,476|
|Toyota Tacoma 2WD||$1,488|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,519|
|Toyota RAV4 4WD||$1,521|
|Toyota Camry Hybrid||$1,545|
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Information does not factor in vehicle garaging location which can affect coverage rates considerably.
Based on these rates, we can tell that cars like the Volkswagen Jetta, Honda CR-V, Toyota Prius, and Jeep Grand Cherokee should be some of the cheaper vehicles to insure for drivers with no prior coverage.
One of the more important factors that are looked at to help calculate insurance cost is where you normally keep your vehicle in Indianapolis. More populated areas likely pay more, whereas areas with less crime or weather claims receive better rates.
The following table sorts the priciest cities in Indiana for uninsured drivers to buy an auto insurance policy in. Indianapolis shows up at #9 with an annual cost of $1,050 for the average policy, which is around $88 monthly.
|Rank||City||Average Per Year|
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Rate quotes are estimated as specific Indianapolis garaging address can affect prices substantially.
Establishing which company has the lowest-priced auto insurance rates for uninsured drivers takes a little more sweat than just comparing rates from one or two companies. Each insurance company has a different formula to determine rates, so to begin we’ll rank the most affordable auto insurance companies in Indianapolis.
Best Insurance Companies in Indiana
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$875|
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Travelers may offer some of the cheapest car insurance rates in Indianapolis at around $614 annually. USAA, Cincinnati Insurance, Erie, and Western Reserve also make the cut as some of the cheapest Indianapolis, IN auto insurance companies.
In this example, if you are a policyholder with USAA and switched to Travelers, you could earn savings of approximately $47. Indiana drivers with Cincinnati Insurance might save as much as $50 a year, and Erie policyholders might reduce rates by $98 a year.
To compare your rates to other Indiana insurance companies, click here to begin a quote or quote prices from the following companies.
These prices are averages for all drivers and vehicles in Indiana and do not take into consideration an exact zip code location for uninsured drivers. So the company that fits your situation best may not even be in the top 36 companies shown above. That affirms the importance of why you need to compare prices as often as possible using your own personal information and vehicle type.
The diagram below shows how different deductible levels can raise or lower insurance prices when getting quotes for cheap insurance for uninsured drivers. The data assumes a single female driver, full physical damage coverage, and no discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower their policy premium by $344 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $516 by using a $1,000 deductible. Even younger drivers, like the 20-year-old category, could possibly save $772 annually just by choosing larger deductibles. If you do decide to increase your deductibles, it is important to have additional savings on hand to be able to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Should you buy full coverage?
Buying cheaper auto insurance should be important to most vehicle owners, and one of the fastest ways to pay lower rates for insurance for uninsured drivers is to not insure for full coverage. The diagram below shows the comparison of car insurance costs with liability coverage only compared to full coverage. The premiums assume no accidents, no driving violations, $100 deductibles, marital status is single, and no discounts are applied.
If the expense is averaged for all age categories, full coverage on your policy costs $2,160 per year over having just liability coverage. That proposes the question when is it safe to stop buying full coverage. There is no specific rule for excluding physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s say your vehicle’s book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after the deductible is paid. If premiums are more than $600 annually for full coverage, then it’s probably a good time to buy liability coverage only.
Finding the highest-rated insurance provider can be difficult considering how many choices you have in Indiana. The ranking data displayed below may help you select which companies you want to consider when comparing rate quotes.
These rankings only include the largest companies in the United States, so smaller companies that only insure vehicles in Indiana are not factored into these rankings. To get price quotes from the most competitive companies in Indiana, just click here.
Top 10 Large Car Insurance Companies in Indianapolis Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Top 10 Large Car Insurance Companies Overall in Indianapolis
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
If you would rather get some professional input when shopping around for cheaper insurance for uninsured drivers, the insurance agencies below can help you determine which coverages are best. To find an agent by location nearest to you, click the button below the list or click here to get price quotes now.
Norm Street – State Farm Insurance Agent
8610 E Washington St – Indianapolis, IN 46219 – (317) 898-2626
Jerry Ortner – State Farm Insurance Agent
7424 Rockville Rd – Indianapolis, IN 46214 – (317) 273-0709
Allstate Insurance: Jorge Herrera
2346 S Lynhurst Dr Ste 304 – Indianapolis, IN 46241 – (317) 246-7203
Jim Grounds – State Farm Insurance Agent
4745 Statesmen Dr d – Indianapolis, IN 46250 – (317) 842-6807
Elizabeth Marshall – State Farm Insurance Agent
6124 N College Ave – Indianapolis, IN 46220 – (317) 255-2700
How to find more affordable auto insurance for uninsured drivers
The list below shows some of the recommended money-saving solutions that can help you quote low-cost auto insurance.
- Avoid accidents
- Raise your physical damage coverage deductibles
- Save money by insuring older vehicles for liability only
- Frequent claims will increase rates
- Do not get traffic tickets
- Keep rates low by comparing prices once a year
The last idea is especially necessary, as we noted in this article. Coverage rates in Indianapolis vary greatly, so drivers shouldn’t be resistant to buy from a new company if a lower-cost policy is available.
Having a favorite company is fine, but it’s not a great idea if it’s costing you several hundred dollars every year. In just a couple of minutes you could compare rates and find cheaper auto insurance for uninsured drivers.