Who Has Cheap Indianapolis Auto Insurance for Infrequent Drivers?

The words “bargain” and “insurance” really shouldn’t be used together, especially when you are shopping around for the best coverage prices for infrequent drivers. To help control this cost, let’s take a look at some things that can significantly affect insurance premiums, and figure out some ways to take the sting out of the next policy you buy.

The make and model of vehicle to be insured is one of the primary factors when quoting low-priced auto insurance for infrequent drivers. Vehicles with limited speed and performance, good crash test ratings, or a track record of few liability claims will cost quite a bit less to insure than high performance models. The next list showcases insurance costs for some of the most economical automobiles to buy insurance for.

Cheapest Vehicles to Insure in Indianapolis, IN
Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,168
Ford Escape XLS 4WD $1,176
Chevrolet Silverado LS Regular Cab 4WD $1,283
Toyota Prius $1,296
Jeep Wrangler Sahara 4WD 2-Dr $1,310
Toyota Tacoma 2WD $1,357
Honda Odyssey EX $1,363
Toyota RAV4 Sport 2WD $1,384
Hyundai Elantra SE Touring Station Wagon $1,453
Toyota Camry SE $1,455
Ford Edge Sport 2WD $1,460
Ford F-150 STX Super Cab 2WD $1,475
Jeep Grand Cherokee Limited 4WD $1,482
Toyota Corolla XRS $1,492
Honda Accord EX-L 4-Dr Sedan $1,558
Kia Optima SX $1,580
GMC Sierra Denali Crew Cab 2WD $1,588
Toyota Camry Hybrid $1,580
Dodge Grand Caravan Hero $1,588
Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD $1,607
Ford Explorer XLT 2WD $1,616
Nissan Altima 3.5 SR 2-Dr Coupe $1,651
Chevrolet Impala LS $1,664
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Price information does not factor in specific location which can change premium rates substantially.

Based on these rates, we can infer that cars like the Honda CR-V, Ford Escape, and Chevrolet Silverado are most likely to be the most affordable vehicles to insure for low mileage drivers.

Locating cost effective car insurance is not easy, and determining which companies have the cheapest car insurance rates for infrequent drivers may require even more shopping around. Each auto insurance company has their own process to set premium rates, so we need to take a look at the most competitive car insurance companies in Indianapolis.

Cheap Insurance Rates in Indiana

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Who has the cheapest car insurance in Indiana?
Rank Company Cost Per Year
1 Travelers $596
2 USAA $681
3 Cincinnati Insurance $684
4 Erie $705
5 Western Reserve $838
6 Indiana Farmers Mutual $875
7 Auto-Owners $888
8 The Hartford $889
9 Nationwide $940
10 Utica National $956
11 State Farm $957
12 Motorists Mutual $966
13 Hastings Mutual $973
14 Safeco $983
15 Farmers $1,022
16 Wolverine Mutual $1,072
17 GEICO $1,089
18 Westfield $1,105
19 Progressive $1,106
20 State Auto $1,120
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Travelers offers some of the best car insurance rates in Indianapolis at around $596 each year. This is $644 less than the average premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve also make the cut as some of the cheaper Indianapolis, IN car insurance companies.

In this example, if you currently buy coverage from Western Reserve and switched to USAA, you might achieve savings of upwards of $157. Insureds with Indiana Farmers Mutual might save as much as $194 a year, and Auto-Owners customers might reduce rates by $207 a year.

It’s important to note that these policy prices are averages for all ages of drivers and types of vehicles and do not factor in a specific zip code for infrequent drivers. So the company that can offer you the best price may not even be in the list above. That is why you need to quote rates from many companies using your own driver information and specific vehicle type.

How to get discounts on Indianapolis auto insurance rates

Cheaper Indianapolis, IN car insurance for low mileage driversInsurance providers that offer quotes for infrequent drivers may also provide discounts that could potentially reduce rates by as much as 40% or more if you qualify. A few of the larger companies and some of the premium reductions they offer are:

The information below shows the comparison of auto insurance rates with and without discounts applied to the policy premium. The price estimates are based on a female driver, a clean driving record, no claims, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with accident-free, defensive driving course, anti-theft, multiple policy, passive restraint, and homeowner discounts applied. When these discounts are applied, theaverage amount saved on car insurance for infrequent drivers is 28% or $475.

Illustration showing the impact of accidents and violations

In a perfect world, the best way to get good car insurance prices in Indiana for low mileage drivers is to drive carefully and maintain a clean driving record. The information below highlights how traffic violations and accident claims increase auto insurance rates for each different age category. The premiums are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.

In the example above, the average cost of auto insurance in Indianapolis per year with no accidents or violations is $1,380. Receive one speeding ticket and the average cost rises to $1,582, an increase of $202 each year. Now get two accidents along with the one speeding ticket and the annual cost of car insurance for infrequent drivers goes up to an average of $3,286. That’s an increase of $1,906, or $159 per month, just for not being more responsible behind the wheel!

The diagram below illustrates how your deductible choice can affect insurance prices when quoting cheap insurance for infrequent drivers. The costs are based on a married female driver, comp and collision included, and no discounts are applied.

A 40-year-old driver could pocket $260 a year by increasing from a $100 deductible to a $500 deductible, or save $390 by changing to a $1,000 deductible. Even younger insureds, such as the Age 20 example, have the ability to save up to $638 or more by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is important to have spare funds to allow you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

How to find the cheapest car insurance for infrequent drivers

Below you’ll find some money-saving ideas that can help Indiana drivers quote cheap car insurance.

That last tip is extremely vital, as was emphasized in this piece. Prices adjust often, so don’t be afraid to buy a policy from a new company if a more affordable rate is found. Having a favorite company is fine, but it isn’t a good idea if that dedication is costing a lot of money. Now is a great time to compare prices to find cheaper car insurance for infrequent drivers in Indianapolis.

If you aren’t clear which coverage you need and would like to get some professional advice when trying to find the best insurance rates for low mileage drivers, the insurance agencies below can most likely help you decide which policy is best. To find an agent near you, click the button after the list or click here to compare price quotes now.

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