Do you need a better way to compare the cheapest car insurance rates in Indianapolis, IN? Indianapolis consumers have options when looking for the best price on Scion iQ insurance. They can either waste time calling around getting price quotes or leverage the internet to find the lowest rates. There is a better way to compare car insurance rates so you’re going to learn the proper way to price shop coverage for your Scion and get the best price possible from Indianapolis insurance agents and online providers.
It’s safe to conclude that insurance companies want to prevent you from shopping around. People who shop around for cheaper rates will, in all likelihood, switch to a new company because there is a good chance of finding lower rate quotes. A recent survey revealed that drivers who make a habit of shopping around saved about $3,400 over four years compared to people who never shopped for cheaper rates.
If finding the cheapest rates on auto insurance in Indianapolis is your ultimate objective, then having some insight into the best ways to find and compare insurance premiums can help you succeed in finding affordable rates.
It’s a good idea to quote other rates at least once a year because rates change regularly. Just because you had the best deal on Scion iQ insurance in Indianapolis six months ago you can probably find a better price now. Forget all the misinformation about car insurance because you’re going to get a crash course in the right way to properly buy coverages and cut your premium.
Affordable companies for Scion iQ insurance in Indiana
The following companies have been selected to offer price comparisons in Indiana. If multiple companies are shown, we recommend you compare several of them to get the lowest price.
Seven discounts for cheaper insurance rates
Companies offering auto insurance don’t list all discounts in an easy-to-find place, so the next list breaks down a few of the more well known and the more hidden credits that you can use to lower your rates.
- Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. Most companies allow this discount up to age 25.
- Multi-policy Discount – When you have multiple policies and insure them with the same company they may give you a discount of nearly 15% which can help you find cheap iQ insurance.
- Government Employee Discount – Having worked for a branch of the government could cut as much as 10% off with some insurance companies.
- Home Ownership Discount – Owning a house in Indianapolis can save you money because it is proof of financial responsibility.
- ABS and Traction Control Discounts – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and will save you 10% or more on iQ insurance in Indianapolis.
- Paper-free Discount – Many larger companies give back up to $50 simply for signing online.
- Save over 55 – Mature drivers may be able to get lower premium rates.
A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, that’s just not realistic. Any qualifying discounts will lower your insurance premiums.
A partial list of companies that may offer policyholders many of the previously listed discounts include:
If you need inexpensive Indianapolis auto insurance quotes, ask every insurance company to give you their best rates. Some of the earlier mentioned discounts may not apply to policies in every state. To view providers that offer discounts in Indiana, click here to view.
Exclusive versus independent insurance agencies
Some consumers just want to sit down and talk to an agent and often times that is recommended Professional insurance agents are trained risk managers and help you file claims. A nice benefit of comparing rate quotes online is the fact that you can find cheap insurance quotes but also keep your business local.
Upon completion of this quick form, your coverage information is sent to insurance agents in Indianapolis who will give you bids for your coverage. You don’t have to do any legwork since price quotes are sent immediately to your email address. If you need to get a rate quote for a specific company, feel free to go to their quote page and complete a quote there.
Choosing an insurance company should depend on more than just a cheap price quote. These are some questions you should get answers to.
- What is their Better Business Bureau rating?
- Will you get a loaner vehicle if you car is being repaired?
- Are they giving you every discount you deserve?
- Do they offer accident forgiveness?
- Do they have cheaper tiers of coverage?
- Is there any savings for paying the full premium?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
When looking for a good Indianapolis insurance agent, there are two different types of agencies and how they work. Agencies in Indianapolis are categorized either exclusive or independent agents depending on their company appointments. Both sell insurance policies, but it’s a good idea to understand the differences because it can influence which agent you choose.
These agents generally can only insure with one company such as Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot compare other company’s rates so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are usually quite knowledgeable on their company’s products which helps them sell insurance even at higher premiums. Consumers sometimes buy insurance from these agents mainly due to the brand name and the convenience of having a single billing for all their coverages.
The following are Indianapolis exclusive insurance agencies willing to provide price quote information.
- Jim Crinklaw – State Farm Insurance Agent
9423 Pendleton Pike – Indianapolis, IN 46236 – (317) 897-6129 – View Map
- American Family Insurance – Brian Ciesil
1398 Shadeland Ave Ste 2233 – Indianapolis, IN 46219 – (317) 353-6225 – View Map
- Adam Krockenberger – State Farm Insurance Agent
5685 Lafayette Rd #700 – Indianapolis, IN 46254 – (317) 387-9182 – View Map
Independent Insurance Agents
Independent agents are not required to write business for one company and that allows them to write policies with multiple insurance companies and find you cheaper rates. If prices rise, they simply move the coverage in-house without you having to go to a different agency. If you are comparing insurance prices, it’s a good idea to get several quotes from a couple of independent agencies to have the most options to choose from. Most independent agents also contract with less well-known companies which can be an advantage.
Shown below are independent insurance agencies in Indianapolis that can give you rate quotes.
- Indiana State Agency
2425 N Meridian St – Indianapolis, IN 46208 – (317) 923-7722 – View Map
- Multiline Insurance Agency
9801 Fall Creek Rd #156 – Indianapolis, IN 46256 – (317) 476-6141 – View Map
- Affordable Insurance Agency
10 S Mickley Ave – Indianapolis, IN 46241 – (317) 484-9195 – View Map
Car insurance coverage basics
Learning about specific coverages of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.
Coverage for uninsured or underinsured drivers – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many Indiana drivers only purchase the least amount of liability that is required (25/50/10 in Indiana), their limits can quickly be used up. So UM/UIM coverage should not be overlooked.
Collision coverage – Collision insurance pays for damage to your iQ resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as rolling your car, hitting a parking meter, scraping a guard rail, crashing into a ditch and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible on your iQ in order to get cheaper collision rates.
Coverage for medical expenses – Medical payments and Personal Injury Protection insurance pay for bills for things like hospital visits, prosthetic devices and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible
Comprehensive car insurance – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as vandalism, hail damage and a tree branch falling on your vehicle. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability coverages – This protects you from damage that occurs to other’s property or people that is your fault. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/10 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $10,000.
Liability insurance covers claims like pain and suffering, court costs, structural damage and emergency aid. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford. Indiana requires drivers to carry at least 25/50/10 but drivers should carry more coverage.
The chart below shows why minimum state limits may not be high enough to cover claims.
A conclusion for your auto insurance search
When searching for affordable Scion iQ insurance quotes, do not reduce coverage to reduce premium. In many cases, consumers will sacrifice uninsured motorist or liability limits only to discover later they didn’t purchase enough coverage. The aim is to find the BEST coverage at the best price, but do not sacrifice coverage to save money.
Budget-friendly auto insurance in Indianapolis can be sourced online in addition to local insurance agencies, so you need to shop Indianapolis auto insurance with both in order to have the best price selection to choose from. Some companies may not offer online quoting and most of the time these small insurance companies prefer to sell through independent insurance agencies.
Consumers who switch companies do it for many reasons like being labeled a high risk driver, policy non-renewal, high rates after DUI convictions and poor customer service. Regardless of your reason for switching companies, choosing a new company is not as difficult as it may seem.
Steps to finding better rates for Scion iQ insurance in Indianapolis
If saving the most money is your goal, then the best way to save on Scion iQ insurance is to start comparing prices regularly from insurance carriers who sell insurance in Indianapolis. You can shop around by following these steps.
- Step 1: Read about how companies set rates and the modifications you can make to keep rates in check. Many risk factors that cause high rates such as at-fault accidents, careless driving, and a lousy credit rating can be amended by making small lifestyle or driving habit changes.
- Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can provide rate quotes from multiple sources. Get quotes now
- Step 3: Compare the new rates to your current policy to determine if switching companies saves money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
The most important part of shopping around is to try to use identical coverage information on each quote and and to get rate quotes from as many different insurance providers as possible. Doing this provides a level playing field and a better comparison of the market.
To learn more, feel free to visit the following helpful articles:
- Medical Payments Coverage (Liberty Mutual)
- How Much are Indianapolis Car Insurance Quotes for Drivers Over Age 70? (FAQ)
- Who Has Affordable Car Insurance for a Honda Accord in Indianapolis? (FAQ)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Think You’re a Safe Driver? (State Farm)
- Liability Insurance Coverage (Nationwide)
- Teen Driving and Texting (State Farm)