Finding good, affordable car insurance is challenging, and finding out which companies offer the cheapest car insurance rates for hybrid vehicles will require even more perseverance. Each auto insurer uses their own formula for establishing rates, so let’s begin by examining the most affordable car insurance companies in Indianapolis, IN.
It’s a good idea to be aware that Indianapolis, IN car insurance rates are determined by lots of factors which can substantially change the price you have to pay. Events like a birthday, buying another vehicle, or getting into an accident can cause premium changes that may make certain companies cheaper than competitors.
Find Cheaper Auto Insurance for Hybrids
Travelers may have some of the lowest car insurance rates in Indianapolis at around $614 a year. Cincinnati Insurance, USAA, Erie, and Western Reserve also rank well as some of the more affordable Indianapolis, IN car insurance companies.
As the rates illustrate above, if you currently buy coverage from Erie and switched to Travelers, you might achieve yearly savings of roughly $119. Indiana drivers with Western Reserve could save as much as $250 a year, and Indiana Farmers Mutual customers might reduce rates by $253 a year.
These prices are averages for all types of insureds and vehicles and are not factoring in a vehicle location for hybrid vehicles. So the auto insurance company that can offer you the lowest price may not even be in the top 36 companies in the list above. That point stresses why you need to quote rates from many companies using your own personal information and vehicle type.
For hybrids, one of the more important considerations that aid in calculating insurance cost is where your residence is in Indianapolis. Regions with larger populations or more claims will most likely pay more, whereas areas with less congestion benefit from lower coverage costs.
The table below rates the most expensive cities in Indiana for hybrid vehicles to buy an auto insurance policy in. Indianapolis is listed at #10 with the yearly price of $1,050 for the average insurance policy, which is around $88 each month.
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Table data uses comparative as the garaging address in Indianapolis can influence coverage rates greatly.
The type of vehicle requiring insurance is one of the primary factors in finding low-cost coverage for hybrid vehicles. Vehicles with higher performance characteristics, poor safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer, lower-performance models. The next table ranks insurance rates for some of the cheaper automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford F-150 STX Regular Cab 2WD||$1,208|
|Honda Accord LX 4-Dr Sedan||$1,260|
|Ford Escape XLS 4WD||$1,269|
|Chevrolet Impala LS||$1,277|
|Toyota RAV4 Sport 2WD||$1,303|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,324|
|Ford Explorer Limited 2WD||$1,327|
|Honda CR-V LX 2WD||$1,351|
|Toyota Tacoma X-Runner 2WD||$1,370|
|Honda Odyssey Touring||$1,393|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,401|
|Toyota Corolla XRS||$1,393|
|Jeep Grand Cherokee Limited 4WD||$1,398|
|Nissan Rogue SL 2WD||$1,398|
|Dodge Grand Caravan SE||$1,413|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,420|
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Table data assumes single female 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, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in garaging location in Indianapolis, IN which can decrease or increase premium rates significantly.
Looking at the data, we can tell that models like the Ford F-150, Toyota Prius, and Honda Accord will definitely be some of the cheapest vehicles to insure for hybrids.
Best car insurance company in Indianapolis
Buying coverage from the best car insurance provider can be challenging considering how many companies sell insurance in Indianapolis. The company rank data shown below could help you analyze which companies you want to consider buying from. These rankings include the largest auto insurers in America, so smaller companies that only insure vehicles in Indiana are not taken into consideration for the list.
Top 10 Large Auto Insurance Providers in Indianapolis Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Top 10 Large Auto Insurance Providers in Indianapolis Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Liberty Mutual
- Erie Insurance
Safe drivers Indianapolis pay cheaper rates
The obvious way to find cheap car insurance premiums in Indiana for hybrids is to drive safe and avoid accidents and traffic citations. The information below illustrates how speeding tickets and at-fault claims can affect insurance rates for each different age category. The price estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,975. Add in one speeding ticket and the average cost increases to $2,225, an increase of $250 each year. Now include one accident along with the one speeding ticket and the 12-month cost of car insurance for hybrid vehicles goes up to an average of $2,935. That’s an increase of $959, or $80 per month, just for not paying attention while driving!
How to find economical car insurance for hybrid vehicles
The list below summarizes many thrifty suggestions that can help you buy low-cost coverage.
- Buy vehicles with good safety ratings
- Do not file small claims
- Bundle car and home insurance and save money
- Better credit scores save money
- Don’t waste money on full coverage for older vehicles
- Increase your physical damage deductibles
- Keep rates low by comparing prices once a year
The last idea is extraordinarily vital, as we noted in this article. Insurance prices change frequently, so don’t be unwilling to buy from a new company if you find a cheaper price.
Many drivers tend to have loyalty to a certain company, but we do not recommend it if that dedication is costing hundreds of dollars a year. In less than five minutes you could shop around and find cheaper auto insurance for hybrid vehicles in Indianapolis.
The insurance agencies listed below can help you make a decision which coverage meets your needs best, as some people have coverage questions and would like to get help from a professional when trying to find lower insurance rates for hybrids. It can be difficult to find the cheapest rates, so getting professional guidance from a licensed agent can provide you satisfaction knowing you have suitable coverage if you have an accident. To locate an Indianapolis insurance agent near you, click the button after the list.
Brandon Libunao – State Farm Insurance Agent
1014 Prospect St – Indianapolis, IN 46203 – (317) 783-3391
Affordable Insurance Agency
10 S Mickley Ave – Indianapolis, IN 46241 – (317) 484-9195
American Family Insurance – Brian Ciesil
1398 Shadeland Ave Ste 2233 – Indianapolis, IN 46219 – (317) 353-6225
Chris Stringer – State Farm Insurance Agent
4875 W 56th St g – Indianapolis, IN 46254 – (317) 803-2241