Who Has the Cheapest Auto Insurance for Drivers Requiring a SR22 in Indianapolis?

Deciding which company quotes the lowest-priced auto insurance rates for drivers requiring a SR22 will take more work than just picking a company at random. Each auto insurer has a unique approach for determining rates, so let’s look at the rankings for the auto insurance companies with the overall cheapest rates in Indianapolis.

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Who has the cheapest car insurance in Indiana?
Rank Company Cost Per Year
1 Travelers $596
2 Cincinnati Insurance $678
3 USAA $687
4 Erie $726
5 Western Reserve $838
6 Indiana Farmers Mutual $867
7 The Hartford $881
8 Auto-Owners $915
9 Utica National $956
10 State Farm $957
11 Nationwide $958
12 Hastings Mutual $973
13 Safeco $983
14 Motorists Mutual $996
15 Farmers $1,033
16 Wolverine Mutual $1,061
17 Westfield $1,094
18 GEICO $1,100
19 State Auto $1,120
20 Progressive $1,139
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Travelers has some of the cheapest car insurance rates in Indianapolis at around $596 each year. This is $644 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also qualify as some of the more affordable Indianapolis, IN car insurance companies.

As the rates illustrate above, if you have coverage with Erie and switched to Cincinnati Insurance, you may realize an annual savings of roughly $48. Drivers with Western Reserve may save as much as $160 a year, and Indiana Farmers Mutual insureds might see rate reductions of $189 a year.

Be aware that those policy rates are averaged for all insureds and vehicles and and are not calculated with a specific location for drivers requiring a SR22. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.

The type of vehicle that needs insurance is a large consideration in finding the cheapest insurance for drivers requiring a SR22. Vehicles with lots of horsepower, a lack of advanced safety features, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models. The next table illustrates insurance prices for the cheapest vehicles to insure in Indiana.

Cheapest Vehicles to Insure in Indianapolis, IN
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $3,654
Honda Accord LX-P 4-Dr Sedan $3,764
Ford Escape XLS 2WD $3,803
Volkswagen Jetta S 2.5 Station Wagon $4,013
Toyota Prius $4,058
Jeep Wrangler Sport 4WD 2-Dr $4,063
Dodge Grand Caravan SE $4,253
Ford Edge Limited 2WD $4,282
Ford F-150 STX Super Cab 4WD $4,298
Toyota RAV4 2WD $4,323
Toyota Camry LE $4,330
Chevrolet Malibu LS $4,501
Chevrolet Equinox LS AWD $4,511
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Data variables include single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rates do not factor in specific garaging location which can decrease or increase rates noticeably.

Based upon the table data, we can assume that makes and models like the Honda CR-V, Honda Accord, Ford Escape, Volkswagen Jetta, and Toyota Prius will be a few of the most budget-friendly vehicles to insure for high risk drivers. The price for car insurance will tend to be more expensive anyway because of the fact that there is more claim risk for drivers requiring a SR22, but generally speaking those models will probably have the lowest prices that you are likely to find.

For high risk drivers, one of the largest factors that aid in calculating the amount you pay for auto insurance is where your car is garaged. Areas with high crime rates or more dense population tend to have higher auto insurance costs, whereas more rural areas have the luxury of lower rates.

The information below lists the most expensive cities in Indiana for drivers requiring a SR22 in which to purchase auto insurance. Indianapolis shows up at #6 with an annual rate of $1,082 for the average insurance policy, which is approximately $90 each month.

Car insurance prices in Indianapolis
Rank City Premium Per Year
1 Gary $1,360
2 Hammond $1,288
3 Merrillville $1,128
4 Portage $1,093
5 Lawrence $1,088
6 Indianapolis $1,082
7 Evansville $1,077
8 Terre Haute $1,067
9 Jeffersonville $1,048
10 New Albany $1,039
11 Anderson $1,011
12 Kokomo $1,011
13 Fort Wayne $985
14 Columbus $984
15 South Bend $976
16 Fishers $974
17 Mishawaka $974
18 Elkhart $965
19 Bloomington $958
20 Carmel $957
21 Muncie $955
22 Richmond $944
23 Greenwood $931
24 Lafayette $926
25 Noblesville $920
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Rate quotes are approximated as the garaging address in Indianapolis can affect prices substantially.

Picking a high-quality auto insurance provider is hard considering how many companies sell coverage in Indianapolis. The company information shown below can help you select which insurers you want to consider purchasing a policy from. These rankings are only made up of large nationwide companies, so companies that may only write in Indiana are not included in the list.

Best 15 Auto Insurance Companies for Drivers Requiring a SR22 in Indianapolis
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
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
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Data Source: Insure.com Best Car Insurance Companies

Discount Indianapolis car insurance

Discounts on auto insurance for drivers requiring a SR22Auto insurance companies that provide coverage for drivers requiring a SR22 may provide price discounts that may potentially lower prices by 35% or more if you are eligible to receive them. Companies and their possible discounts are:

The diagram below illustrates the comparison of insurance costs with and without discounts applied to the premium. The rate quotes are based on a male driver, two citations and two at-fault accidents, Indiana state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, multiple policy, passive restraint, homeowner, marriage, and paid-in-full discounts applied. When taking advantage of discounts, the average savings per year on auto insurance for drivers requiring a SR22 is 29% or $1,540.

Rate increases following a ticket or accident

The easiest method to obtain cheap auto insurance rates in Indiana for high risk drivers is to pay attention while driving and avoid at-fault accidents and violations. The illustration below illustrates how violations and at-fault accidents can affect yearly insurance costs for different age groups. The premium estimates are based on a single female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

In the previous example, the average cost of auto insurance in Indianapolis per year with no accidents and a clean driving record is $1,712. Get one speeding ticket and the average cost rises to $1,940, an increase of $229 each year. Then add two accidents along with the one speeding ticket and the yearly cost of auto insurance for drivers requiring a SR22 increases to an average of $3,990. That’s an increase of $2,278, or $190 per month, just for not driving carefully!

How to find more affordable auto insurance for drivers requiring a SR22

Lowering your rates is not difficult, and here are some thrifty solutions that can help Indiana drivers get low-cost coverage.

That final tip is extraordinarily necessary, as we stressed in the article above. Insurance rates can change in a short period of time, so drivers shouldn’t be resistant to buy from a new company if a lower price can be found. Being loyal to a particular company is commendable, but it’s not a good idea if that inflexibility results in costing you a wad of cash every year. It only takes a couple minutes to compare prices and find cheaper car insurance for drivers requiring a SR22 in Indianapolis.

The agencies below can help you determine which auto insurance coverages would be the best in your situation, since many consumers aren’t sure which coverage to buy and prefer to have a little guidance when comparing insurance rates for high risk drivers. It can be hard to find the best policy on your own, and professional agents can provide satisfaction knowing you have sufficient protection if you have a claim. To find an agent in your neighborhood, click the button below the list or click here to compare price quotes.

Scott Nichols – State Farm Insurance Agent
7022 W 10th St bIndianapolis, IN 46214(317) 243-3509

Burns Insurance Agency – Commercial, Personal and Transportation Insurance Specialists
1433 N Meridian StIndianapolis, IN 46202(317) 377-1100

Jim Crinklaw – State Farm Insurance Agent
9423 Pendleton PikeIndianapolis, IN 46236(317) 897-6129

Allstate Insurance: Donald Oldham
303 N Alabama St #360Indianapolis, IN 46204(317) 687-0777

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