Who Has the Cheapest Indianapolis Auto Insurance for 19 Year Olds?

Finding out which company offers the cheapest insurance rates for 19 year olds calls for more time than just comparing a company or two. Each insurer has a different formula for determining prices, so let’s look at the rankings for the lowest cost insurance companies in Indianapolis, IN.

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Who has the cheapest car insurance in Indiana?
Rank Company Cost Per Year
1 Travelers $614
2 Cincinnati Insurance $664
3 USAA $681
4 Erie $733
5 Western Reserve $838
6 Indiana Farmers Mutual $867
7 Auto-Owners $879
8 The Hartford $881
9 Nationwide $940
10 Utica National $985
11 Motorists Mutual $996
12 State Farm $997
13 Safeco $1,003
14 Hastings Mutual $1,013
15 Farmers $1,064
16 Westfield $1,072
17 Wolverine Mutual $1,072
18 State Auto $1,098
19 GEICO $1,122
20 Progressive $1,139
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Travelers may offer some of the cheapest car insurance rates in Indianapolis at around $614 per year. This is $626 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the cut as some of the more affordable Indianapolis, IN insurance companies.

As the rates illustrate above, if you are currently insured with Erie and switched to Cincinnati Insurance, you might see yearly savings of in the neighborhood of $69. Insureds with Western Reserve may save as much as $174 a year, and Indiana Farmers Mutual policyholders might lower prices by up to $203 a year.

It’s important to note that these rates are averaged across all drivers and vehicles in Indiana and do not take into consideration an exact vehicle garaging location for 19 year olds. So the auto insurance company that can offer you the lowest price may not even be in the top 36 companies shown above. That’s why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.

For teenage drivers, one of the big components that are used to help calculate the amount you pay for auto insurance is where you choose to live. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas less populated areas tend to receive cheaper rates.

The illustration below shows the priciest cities in Indiana for 19 year olds to buy an auto insurance policy in. Indianapolis is listed at #9 having an annual price of $1,060 for car insurance, which is about $88 per month.

How much does car insurance cost in Indianapolis, IN?
Rank City Average Per Year
1 Gary $1,401
2 Hammond $1,275
3 Portage $1,126
4 Merrillville $1,106
5 Lawrence $1,099
6 Evansville $1,087
7 Jeffersonville $1,070
8 Terre Haute $1,067
9 Indianapolis $1,060
10 Anderson $1,041
11 Kokomo $1,031
12 New Albany $1,028
13 Elkhart $995
14 Bloomington $988
15 Fort Wayne $985
16 Richmond $973
17 Greenwood $960
18 South Bend $947
19 Columbus $946
20 Mishawaka $945
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Premium amounts are comparative as the specific Indianapolis residence address can alter premium rates greatly.

The car, truck, or SUV you are trying to insure is one of the primary factors when trying to find cheaper car insurance for 19 year olds. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost substantially more to insure than safer, lower-performance models. The table below presents auto insurance rates for some of the most budget-friendly automobiles to buy insurance for.

Cheapest Vehicles to Insure in Indianapolis, IN
Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $3,214
Ford Escape XLS 4WD $3,221
Honda Accord LX 4-Dr Sedan $3,214
Honda CR-V EX 4WD $3,251
Jeep Wrangler Sport 4WD 2-Dr $3,325
Toyota Prius $3,518
Ford F-150 XL Crew Cab 2WD $3,589
Chevrolet Impala LS $3,778
Ford Edge SEL AWD $3,788
Ford Focus SE 4-Dr Sedan $3,778
GMC Sierra SLE Crew Cab 2WD $3,815
Toyota RAV4 Limited 2WD $3,825
Toyota Tacoma Double Cab 4WD $3,815
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Prices based on single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in specific location which can raise or lower price quotes significantly.

Looking at the numbers, you can expect models like the Hyundai Elantra, Ford Escape, Honda Accord, and Honda CR-V should be some of the cheaper vehicles to insure for teenage drivers. The price of auto insurance will be higher anyway because there is more liability risk for 19 year olds, but in general those vehicles will have the cheapest auto insurance rates available.

Difference between liability only and full coverage rates

Finding the cheapest insurance is the goal of most vehicle owners, and one easy way to find cheap insurance for 19 year olds is to not buy full coverage. The illustration below visualizes the comparison of insurance premiums with full coverage compared to only the Indiana minimum liability coverage. The premiums are based on no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

Averaged out for all age groups, physical damage coverage costs an extra $1,184 per year more than insuring for liability only. That is a large expense and it proposes the question if paying for full coverage is worth it. There isn’t a steadfast formula to exclude full coverage, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

The illustration below demonstrates how deductibles can raise or lower insurance costs when searching for cheap insurance for 19 year olds. The data assumes a married male driver, full coverage, and no discounts are taken into consideration.

As shown above, a 50-year-old driver could save $234 a year by increasing from a $100 deductible to a $500 deductible, or save $354 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 category, could roll back prices $782 or more just by choosing higher deductibles.

If you do raise deductibles, it will be necessary to have enough savings set aside to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Drive safe and save

The easiest method to get cheap insurance premiums for teenage drivers is to drive safe and avoid accidents and keep your driving record clean. The example below highlights how traffic violations and at-fault fender-benders can raise insurance costs for different insured age categories. The data assumes a married female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

In the example above, the average cost of car insurance in Indianapolis per year with no accidents or violations is $1,121. Factor in two speeding tickets and the average cost swells to $1,590, an increase of $469 each year. Now get one accident along with the two speeding tickets and the yearly cost of insurance for 19 year olds increases to an average of $2,061. That’s an increase of $940, or $78 per month, just for not paying attention while driving!

How to find more affordable insurance for 19 year olds

The list below shows some of the recommended thrifty solutions that can help you quote more affordable car insurance.

The final tip is particularly important, as we pointed out in the prior information. Insurance prices fluctuate constantly, so drivers shouldn’t hesitate to buy from a new company if a cheaper price is available.

Brand loyalty is not necessarily bad, but we do not recommend it if it’s costing you thousands of dollars over the life of your policy. If you have a few minutes, shop around and find cheaper auto insurance for 19 year olds in Indianapolis.

The agents below can help you make a decision which is the best policy, as lots of people like to get help from a professional when shopping around for cheaper insurance for teenage drivers. It can be time-consuming to find the best policy yourself, and a professional agent can give you peace of mind knowing your coverage gives you enough coverage if you have a claim.

To find an agent close to where you live, click the button at the bottom of the list.

Killion Insurance Agency
6316 W Thompson RdIndianapolis, IN 46221(317) 856-4550

State Farm: Rahvy Murray
3955 Eagle Creek Pkwy EIndianapolis, IN 46254(317) 297-3804

Haleh Krauter – State Farm Insurance Agent
11204 Fall Creek RdIndianapolis, IN 46256(317) 849-9996

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