Car insurance rates in Indiana tend to be relatively affordable when compared to national averages, yet their exact costs depend on many different variables – including location, driving history and credit score. To find cheap auto coverage in Indiana it’s best to compare multiple quotes; use WalletHub’s car insurance calculator as this takes all these elements into consideration and help drivers calculate their premiums more accurately.
Age is one of the primary factors affecting car insurance rates. Young drivers typically pay much higher premiums due to being considered higher risks for insurers due to inexperience behind the wheel. Indiana auto insurance premiums tend to be highest for drivers in their teens and 20s before gradually decreasing as they age.
Driver age and the make and model of their vehicle both play an important role in determining car insurance premiums. Certain models may be more susceptible to being stolen or damaged than others; sports cars tend to carry higher premiums compared to sedans; luxury vehicles also tend to cost more if damaged or stolen.
Your ZIP code also plays an integral role in the cost of Indiana car insurance, since different areas have varying risk profiles for insurers. Residents in Bloomington may pay more than those living in South Bend; our car insurance calculator allows drivers to view how policy costs vary across areas.
Your choice of coverage level will have an effect on the car insurance rates you pay, with liability-only policies with minimum limits being the most cost effective and full coverage with maximum limits being the most costly option. Speak with an agent about what protection best meets your needs and budget before making this decision.
Finding an adequate auto insurance policy in Indiana is of critical importance. If you need help estimating how much coverage is appropriate, our car insurance calculator can provide an estimation. Be sure to discuss the type of coverage with an agent; they can advise you of any minimum coverage required by Indiana law, as well as discuss any additional coverage options which might be available to you. Drivers with poor credit may qualify for a bad-credit discount, which can lower their insurance costs. Many insurance companies, including Allstate, GEICO and State Farm offer this kind of discount; military members and their families often find more cost-effective rates with USAA than with independent insurers who may also provide competitive rates to drivers with poor credit or other issues.