Car insurance premiums in Indiana tend to be relatively inexpensive, falling below the national average. Still, drivers in the state should remain aware of the costs associated with full coverage policies in order to secure one that balances price with protection. Comprehensive and collision policies often cost extra, but can help ensure your vehicle will be fully repaired following an accident and provide financial security against theft losses.
Age is often the biggest determining factor when it comes to Indiana car insurance rates, as insurers perceive younger drivers as inexperienced behind the wheel and more likely to get into accidents than older counterparts. Teenagers are usually charged higher premiums; as such it’s generally best for young drivers under 25 to remain on their parents’ policy for as long as possible so as to take advantage of lower premiums available for them.
Credit scores are one of the primary determinants of car insurance premiums in Indiana. Since many insurance companies use data to assess risk, they view those with poor credit as more of an opportunity for theft and charge higher premiums accordingly; typically drivers with bad credit pay up to three times more than their counterparts with excellent scores.
When searching for new auto insurance coverage, the make and model of your car are two important considerations. Luxury cars tend to be more costly to repair than economy models, resulting in higher premiums being assessed accordingly. Drivers who frequently receive traffic tickets also may have their premiums increased as this indicates an increased chance that a claim might be filed in the near future.
Though some factors beyond your control could increase car insurance costs in Indiana, you still can take steps to lower them by improving your driving record and avoiding violations and accidents. Drivers may also find ways to save money by opting for more cost-effective vehicles and taking advantage of discounts such as anti-lock brakes or security systems.
Make an informed decision before signing a car insurance policy by using an online insurance calculator to get a sense of your potential rate. See how your personal factors could impact it before committing to one policy in particular. These calculators also allow you to compare prices from different providers before making your choice, and can give information about which policies and coverage levels are available in your area – helping you locate a policy with optimal value that suits your individual needs. MoneyGeek’s Indiana Car Insurance Calculator can be an invaluable tool in your quest for affordable car insurance policies. Simply enter your zip code and a few personal details to access quotes from leading providers across Indiana – you can even add multiple drivers/vehicles and see how their rates may change!