Who Has the Cheapest Indianapolis Car Insurance for Seniors?

Things would sure be easy if we could tell you the company that has the best car insurance rates in Indiana. That is not the case, however, as there are a lot of unknown factors such as what coverage limits you need, whether you just need liability insurance, if you have any tickets or accidents, and whether you are male or female, that all impact the cost of your policy. This article should teach you a little about the best ways to shop for cheaper coverage and will give you a good beginning to your quest for cheaper car insurance.

For senior citizens, one of the largest considerations that help determine car insurance rates is the neighborhood you call home. Cities with larger populations tend to have more expensive car insurance rates, whereas more rural areas have the enjoyment of a little cheaper coverage.

The information below rates the most expensive places in Indiana for seniors in which to purchase auto insurance. Indianapolis comes in at #5 costing $1,060 for the average insured, which is approximately $88 each month.

How much is auto insurance in Indianapolis, IN?
Rank City Annual Rate
1 Gary $1,347
2 Hammond $1,314
3 Portage $1,137
4 Merrillville $1,128
5 Indianapolis $1,060
6 New Albany $1,059
7 Evansville $1,055
8 Lawrence $1,055
9 Terre Haute $1,045
10 Jeffersonville $1,038
11 Kokomo $1,011
12 Anderson $1,001
13 Bloomington $998
14 South Bend $985
15 Columbus $984
16 Fort Wayne $976
17 Fishers $974
18 Elkhart $956
19 Carmel $947
20 Greenwood $941
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Rate quotes are comparative as the specific Indianapolis residence address can modify coverage prices substantially.

The vehicle needing coverage is probably the largest consideration when shopping for cheaper auto insurance for seniors. Vehicles with lower performance, modern passenger safety features, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.

The next list illustrates coverage premiums for some of the most budget-friendly vehicles to insure in Indiana.

Cheapest Vehicles to Insure in Indianapolis, IN
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 4WD $953
Honda CR-V LX 4WD $961
Honda Accord EX-L 4-Dr Sedan $1,035
Toyota Prius $1,057
Toyota Tacoma 4WD $1,066
Ford Explorer XLT 4WD $1,071
Dodge Grand Caravan SE $1,066
Volkswagen Jetta SE 2.5 Station Wagon $1,117
Chevrolet Equinox LT 2WD $1,127
Chevrolet Malibu LS $1,132
Toyota Camry LE $1,127
Jeep Grand Cherokee Laredo 2WD $1,136
Toyota RAV4 Limited 4WD $1,127
Dodge Ram Quad Cab ST 2WD $1,148
Ford F-150 SVT Raptor Super Cab 4WD $1,158
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Table data represents married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in specific Indianapolis, IN garaging location which can alter premiums greatly.

Looking at the data, you can see that makes and models like the Ford Escape, Honda CR-V, and Honda Accord are most likely to be the most budget-friendly vehicles to insure for senior citizens.

Which car insurance company is best in Indianapolis?

Finding the highest-rated insurer can be a challenge considering how many companies sell coverage in Indiana. The company information shown below can help you decide which coverage providers to look at when shopping your coverage around. These ratings are only comprised of companies that insure vehicles across America, so companies that have a smaller presence are not factored into this list.

Best Car Insurance Companies for Seniors 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
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Insure.com Best Car Insurance Companies

Types of discounts on Indianapolis car insurance

Discounts on car insurance for seniorsAuto insurance companies that sell policies for seniors may additionally offer special discounts that can lower rates by 30% or more if you meet eligibility requirements. A list of companies and a selection of discounts include:

The information below visualizes the comparison of insurance prices with and without some available policy discounts. The premiums are based on a female driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with defensive driving course, safe-driver, accident-free, vehicle safety, multiple policy, and multiple vehicle discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on car insurance for seniors is 29% or $442.

How to find low-cost car insurance for seniors

The list below summarizes some of the recommended thrifty solutions that can help drivers locate lower-cost coverage.

The last tip is especially crucial, as we stressed in the article above. Prices charged by companies in Indianapolis vary considerably, so drivers shouldn’t be resistant to switch to a new company if a more affordable rate is found. Brand loyalty is great, but it’s not a good idea if that dedication is costing lots of money. If you have a few minutes, now is a great time to compare rates and find cheaper insurance for seniors.