Who Has the Cheapest Indianapolis Auto Insurance Rates for Safe Drivers?

One of the more important things that are looked at to determine the price you pay for insurance is where you choose to live in Indianapolis. Cities with larger populations are more likely to pay higher prices, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.

The table below ranks the most costly cities in Indiana for safe drivers in which to purchase auto insurance. Indianapolis ranks #7 having an annual price of $1,050 for the average insurance policy, which is around $88 monthly.

How much does auto insurance cost in Indianapolis?
Rank City Average Per Year
1 Gary $1,401
2 Hammond $1,314
3 Merrillville $1,139
4 Portage $1,093
5 Terre Haute $1,067
6 Lawrence $1,066
7 Indianapolis $1,050
8 Evansville $1,045
9 Kokomo $1,041
10 Jeffersonville $1,038
11 New Albany $1,028
12 Anderson $1,001
13 Columbus $975
14 Mishawaka $974
15 Fishers $974
16 Bloomington $968
17 Elkhart $965
18 Richmond $964
19 Greenwood $960
20 Noblesville $958
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Rates are comparative as specific Indianapolis zip code can decrease or increase coverage prices substantially.

The vehicle model driven is a significant factor that determines the availability of cheaper coverage for safe drivers. Vehicles with lower acceleration and performance, good safety features, or low incidents of liability claims will cost less to insure than fast, unsafe models. The next table presents auto insurance prices for the most cost-effective vehicles to buy coverage for.

Cheapest Vehicles to Insure in Indianapolis, IN
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,070
Ford Edge SE 2WD $1,151
Ford Explorer XLT 4WD $1,174
Honda CR-V EX-L 4WD $1,216
Dodge Grand Caravan Hero $1,241
Chevrolet Malibu LS $1,250
Toyota Tacoma Double Cab 4WD $1,264
Jeep Wrangler Unlimited Sport 4WD 4-Dr $1,278
Ford F-150 FX2 Super Cab 2WD $1,283
Toyota Prius $1,310
Nissan Rogue SL 2WD $1,331
Honda Odyssey EX W/Rear Entertainment $1,333
Chevrolet Equinox LT AWD $1,359
Chevrolet Silverado 3500HD LTZ Crew Cab 2WD $1,379
Toyota RAV4 Limited 4WD $1,400
Kia Optima EX $1,421
Toyota Camry Hybrid $1,429
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in specific garaging location which can increase or decrease coverage prices substantially.

Based on these rates, we can conclude that vehicles like the Ford Escape, Ford Edge, Ford Explorer, and Honda CR-V should be the cheapest vehicles to insure for good drivers.

Safe drivers pay cheaper rates

The ideal way to score the most affordable insurance prices in Indiana for good drivers is to drive safely and avoid at-fault accidents and violations. The example below highlights how speeding tickets and at-fault fender-benders can influence yearly insurance costs for each age group. The costs are based on a married female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

In the example above, the average cost of auto insurance in Indianapolis per year with no accidents or violations is $1,143. Get written up for two speeding tickets and the average cost surges to $1,621, an increase of $478 each year. Now get two accidents along with the two speeding tickets and the yearly cost of insurance for safe drivers jumps again to an average of $3,383. That’s an increase of $2,241, or $187 per month, just for not paying attention while driving!

Discount Indianapolis auto insurance rates

Discounts on insurance for safe driversAuto insurance companies that provide coverage for safe drivers may additionally offer discounts that can lower rates by as much as 30% if you meet specific eligibility requirements. Popular insurance companies and their offered discounts are detailed below.

The illustration below shows the difference between auto insurance rates with and without discounts applied to the policy rates. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with passive restraint, homeowner, defensive driving course, safe-driver, multiple vehicle, and claim-free discounts applied. When discounts are applied, theaverage yearly reduction on insurance for safe drivers is 28% or $421.

Here’s why you should compare rates often

Indianapolis, IN insurance rates are based on many factors which can substantially change the cost of coverage. Improving your credit score, moving across town, or getting a couple of tickets can cause premium changes that can cause some rates to be more affordable than the competition.

And not only may your rating factors change, but insurers modify rates as often as every three months to reflect underwriting profits or losses. Higher than normal claim frequency or severity may result in increased rates, while profitable underwriting may produce lower-priced Indianapolis car insurance rates.

The chart below shows the cheapest car insurance in Indianapolis, IN for a 35-year-old female driver with no accidents or violations, and solid credit. If we compare prices based on her personal risk profile, Travelers quotes the best car insurance rates in Indianapolis at $687 annually. This is $553 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also make the list of the top five cheapest Indianapolis, IN auto insurance companies.

Now we will pretend the driver in the first example a couple of claims, bad credit, and a speeding ticket. Since every insurance provider has their own process for determining rates, analyzing rates may now present a new list of the cheapest car insurance companies in Indianapolis as shown below.

The Hartford now has the cheapest insurance rate in Indianapolis with Cincinnati Insurance, Auto-Owners, Motorists Mutual, and Nationwide also having competitive pricing. This example shows why Indianapolis drivers need to compare many different companies when trying to get the most economical insurance quotes for safe drivers.

Insurance rates can be altered by many different factors and change substantially, so the most economical option three years ago may now be one of the higher cost companies.

Tips for buying low-cost auto insurance for safe drivers

It is possible to find better rates, and here are some of the better money-saving solutions that can help drivers buy more affordable car insurance.

That last piece of advice is incredibly vital, as we pointed out in this article. Rates can be changed at any time, so drivers shouldn’t hesitate to buy from a new company if a cheaper rate is available. Staying with the same company for years is fine, but we do not recommend it if that faithfulness ends up costing you a lot of money every month. Spend a few minutes and compare prices and find cheaper car insurance for safe drivers in Indianapolis.