Cheap Car Insurance in Indiana – September 2023

Hastings Mutual offers the cheapest car insurance in Indiana, with an average monthly rate of $56 for full coverage.
Ben Moore
By Ben Moore  
Updated

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Table of Contents

Table of Contents

Auto insurance is an important purchase, but finding cheap car insurance in Indiana isn’t always easy. The best way to find cheap car insurance is to compare rates from multiple insurers.

The cheapest car insurance company in Indiana is Hastings Mutual at $669 per year on average, or $56 per month, according to the most recent NerdWallet analysis of full coverage car insurance rates in Indiana. Meanwhile, the average cost of full coverage car insurance in Indiana is $1,433 per year, or about $119 per month.

Minimum coverage in Indiana is $463 per year on average, but we found you can likely get a cheaper policy. For example, Auto-Owners offers the cheapest rates in Indiana at $229 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

» MORE: The cheapest car insurance in Indianapolis

How we chose the cheapest companies in Indiana

NerdWallet’s editorial team analyzed car insurance rates from 24 auto insurers in Indiana and listed the five cheapest options for drivers in several age brackets and with different histories, all driving a 2020 Toyota Camry L. For minimum coverage, we looked at rates that reflect the minimum requirements in Indiana. For full coverage, we used the below coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in Indiana where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find the best cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage car insurance in Indiana for 20-year-olds

Drivers in Indiana with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. Hastings Mutual: $1,764 per year, or about $147 per month.
  2. Indiana Farmers: $1,775 per year, or about $148 per month.
  3. Pekin: $1,840 per year, or about $153 per month.
  4. QBE: $1,970 per year, or about $164 per month.
  5. Auto-Owners: $1,987 per year, or about $166 per month.

Cheapest minimum coverage car insurance in Indiana for 20-year-olds

Drivers in Indiana who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. QBE: $475 per year, or about $40 per month.
  2. Auto-Owners: $577 per year, or about $48 per month.
  3. Westfield: $614 per year, or about $51 per month.
  4. Buckeye: $649 per year, or about $54 per month.
  5. Indiana Farmers: $686 per year, or about $57 per month.

Cheapest auto insurance in Indiana for 20-year-olds with poor credit

Drivers with poor credit in Indiana should look at the following insurers with the lowest average rates for minimum coverage:

  1. QBE: $909 per year, or about $76 per month.
  2. Travelers: $1,135 per year, or about $95 per month.
  3. Westfield: $1,154 per year, or about $96 per month.
  4. Indiana Farmers: $1,172 per year, or about $98 per month.
  5. Geico: $1,178 per year, or about $98 per month.

Cheapest auto insurance in Indiana for 20-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Indiana, here are the companies with the lowest average rates for minimum coverage:

  1. Buckeye: $649 per year, or about $54 per month.
  2. QBE: $666 per year, or about $56 per month.
  3. Westfield: $737 per year, or about $61 per month.
  4. Indiana Farmers: $823 per year, or about $69 per month.
  5. Hastings Mutual: $915 per year, or about $76 per month.

Cheapest auto insurance in Indiana for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in Indiana, here are the companies with the lowest average rates for minimum coverage:

  1. QBE: $666 per year, or about $56 per month.
  2. Auto-Owners: $782 per year, or about $65 per month.
  3. Buckeye: $782 per year, or about $65 per month.
  4. Westfield: $818 per year, or about $68 per month.
  5. Hastings Mutual: $824 per year, or about $69 per month.

Cheapest auto insurance in Indiana for 20-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers' average rates for minimum coverage.

  1. Indiana Farmers: $823 per year, or about $69 per month.
  2. QBE: $912 per year, or about $76 per month.
  3. Progressive: $997 per year, or about $83 per month.
  4. Travelers: $1,110 per year, or about $92 per month.
  5. State Farm: $1,161 per year, or about $97 per month.

Cheapest for 30-year-old drivers

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage car insurance in Indiana for 30-year-olds

Drivers in Indiana who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. Hastings Mutual: $733 per year, or about $61 per month.
  2. Buckeye: $925 per year, or about $77 per month.
  3. Pekin: $930 per year, or about $78 per month.
  4. Auto-Owners: $947 per year, or about $79 per month.
  5. State Farm: $1,082 per year, or about $90 per month.

Cheapest minimum coverage car insurance in Indiana for 30-year-olds

Drivers in Indiana who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. Auto-Owners: $218 per year, or about $18 per month.
  2. Buckeye: $253 per year, or about $21 per month.
  3. Westfield: $309 per year, or about $26 per month.
  4. QBE: $310 per year, or about $26 per month.
  5. State Farm: $323 per year, or about $27 per month.

Cheapest auto insurance in Indiana for 30-year-olds with poor credit

Drivers with poor credit in Indiana should consider the following companies with the lowest average rates for full coverage:

  1. Hastings Mutual: $1,307 per year, or about $109 per month.
  2. Encompass: $1,568 per year, or about $131 per month.
  3. Pekin: $1,729 per year, or about $144 per month.
  4. Indiana Farmers: $1,873 per year, or about $156 per month.
  5. Geico: $1,934 per year, or about $161 per month.

Cheapest auto insurance in Indiana for 30-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Indiana, here are the companies with the lowest average rates for minimum coverage:

  1. Buckeye: $268 per year, or about $22 per month.
  2. Westfield: $371 per year, or about $31 per month.
  3. State Farm: $396 per year, or about $33 per month.
  4. Auto-Owners: $415 per year, or about $35 per month.
  5. Hastings Mutual: $419 per year, or about $35 per month.

Cheapest auto insurance in Indiana for 30-year-old drivers with one at-fault crash

For drivers in Indiana with a recent accident, here are the lowest average rate options for full coverage:

  1. Hastings Mutual: $733 per year, or about $61 per month.
  2. Buckeye: $1,187 per year, or about $99 per month.
  3. Auto-Owners: $1,204 per year, or about $100 per month.
  4. Pekin: $1,214 per year, or about $101 per month.
  5. Indiana Farmers: $1,257 per year, or about $105 per month.

Cheapest auto insurance in Indiana for 30-year-old drivers after a DUI

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. Indiana Farmers: $1,333 per year, or about $111 per month.
  2. State Farm: $1,503 per year, or about $125 per month.
  3. Pekin: $1,702 per year, or about $142 per month.
  4. American Family: $1,811 per year, or about $151 per month.
  5. Progressive: $1,892 per year, or about $158 per month.

Cheapest for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage car insurance in Indiana for 40-year-olds

Drivers in Indiana with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. Hastings Mutual: $614 per year, or about $51 per month.
  2. Pekin: $866 per year, or about $72 per month.
  3. Buckeye: $925 per year, or about $77 per month.
  4. Auto-Owners: $967 per year, or about $81 per month.
  5. Indiana Farmers: $969 per year, or about $81 per month.

Cheapest minimum coverage car insurance in Indiana for 40-year-olds

Drivers in Indiana who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. Auto-Owners: $237 per year, or about $20 per month.
  2. Buckeye: $253 per year, or about $21 per month.
  3. Hastings Mutual: $271 per year, or about $23 per month.
  4. Westfield: $289 per year, or about $24 per month.
  5. State Farm: $329 per year, or about $27 per month.

Cheapest auto insurance in Indiana for 40-year-olds with poor credit

Drivers with poor credit in Indiana can check out the following insurers with the lowest average rates for full coverage:

  1. Hastings Mutual: $1,086 per year, or about $91 per month.
  2. Encompass: $1,568 per year, or about $131 per month.
  3. Indiana Farmers: $1,603 per year, or about $134 per month.
  4. Pekin: $1,608 per year, or about $134 per month.
  5. Geico: $1,848 per year, or about $154 per month.

Cheapest auto insurance in Indiana for 40-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Indiana, here are the companies with the lowest average rates for minimum coverage:

  1. Buckeye: $268 per year, or about $22 per month.
  2. Westfield: $347 per year, or about $29 per month.
  3. Hastings Mutual: $362 per year, or about $30 per month.
  4. Indiana Farmers: $397 per year, or about $33 per month.
  5. State Farm: $404 per year, or about $34 per month.

Cheapest auto insurance in Indiana for 40-year-old drivers with one at-fault crash

For drivers with a recent accident living in Indiana, here are the companies with the lowest average rates for full coverage:

  1. Hastings Mutual: $614 per year, or about $51 per month.
  2. Indiana Farmers: $1,084 per year, or about $90 per month.
  3. Pekin: $1,127 per year, or about $94 per month.
  4. Buckeye: $1,187 per year, or about $99 per month.
  5. Auto-Owners: $1,233 per year, or about $103 per month.

Cheapest auto insurance in Indiana for 40-year-old drivers after a DUI

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. Indiana Farmers: $1,152 per year, or about $96 per month.
  2. State Farm: $1,471 per year, or about $123 per month.
  3. Pekin: $1,576 per year, or about $131 per month.
  4. American Family: $1,628 per year, or about $136 per month.
  5. Progressive: $1,706 per year, or about $142 per month.

Cheapest for 50-year-old drivers

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of cheap auto insurance companies is a good place to start.

Cheapest full coverage car insurance in Indiana for 50-year-olds

Drivers in Indiana with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Hastings Mutual: $592 per year, or about $49 per month.
  2. Buckeye: $815 per year, or about $68 per month.
  3. Pekin: $835 per year, or about $70 per month.
  4. Indiana Farmers: $894 per year, or about $75 per month.
  5. Auto-Owners: $915 per year, or about $76 per month.

Cheapest minimum coverage car insurance in Indiana for 50-year-olds

Drivers in Indiana who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. Buckeye: $221 per year, or about $18 per month.
  2. Auto-Owners: $226 per year, or about $19 per month.
  3. Hastings Mutual: $261 per year, or about $22 per month.
  4. Westfield: $276 per year, or about $23 per month.
  5. Indiana Farmers: $323 per year, or about $27 per month.

Cheapest auto insurance in Indiana for 50-year-olds with poor credit

Drivers with poor credit in Indiana can check with the following companies, which showed the lowest average rates for full coverage:

  1. Hastings Mutual: $1,047 per year, or about $87 per month.
  2. Encompass: $1,397 per year, or about $116 per month.
  3. Indiana Farmers: $1,473 per year, or about $123 per month.
  4. Pekin: $1,551 per year, or about $129 per month.
  5. Geico: $1,792 per year, or about $149 per month.

Cheapest auto insurance in Indiana for 50-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Indiana, here are the companies with the lowest average rates for minimum coverage:

  1. Buckeye: $235 per year, or about $20 per month.
  2. Westfield: $331 per year, or about $28 per month.
  3. Hastings Mutual: $352 per year, or about $29 per month.
  4. Celina Insurance: $359 per year, or about $30 per month.
  5. Indiana Farmers: $388 per year, or about $32 per month.

Cheapest auto insurance in Indiana for 50-year-old drivers with one at-fault crash

For drivers living in Indiana with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. Hastings Mutual: $592 per year, or about $49 per month.
  2. Indiana Farmers: $1,006 per year, or about $84 per month.
  3. Buckeye: $1,058 per year, or about $88 per month.
  4. Pekin: $1,089 per year, or about $91 per month.
  5. Auto-Owners: $1,168 per year, or about $97 per month.

Cheapest auto insurance in Indiana for 50-year-old drivers after a DUI

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. Indiana Farmers: $1,063 per year, or about $89 per month.
  2. State Farm: $1,441 per year, or about $120 per month.
  3. American Family: $1,513 per year, or about $126 per month.
  4. Pekin: $1,523 per year, or about $127 per month.
  5. Progressive: $1,557 per year, or about $130 per month.

Cheapest for 60-year-old drivers

Although 60-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap car insurance for seniors, drivers in their 60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage car insurance in Indiana for 60-year-olds

Drivers in Indiana with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Hastings Mutual: $599 per year, or about $50 per month.
  2. Buckeye: $815 per year, or about $68 per month.
  3. Pekin: $839 per year, or about $70 per month.
  4. Indiana Farmers: $871 per year, or about $73 per month.
  5. Auto-Owners: $882 per year, or about $73 per month.

Cheapest minimum coverage car insurance in Indiana for 60-year-olds

Drivers in Indiana who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Buckeye: $221 per year, or about $18 per month.
  2. Auto-Owners: $225 per year, or about $19 per month.
  3. Hastings Mutual: $264 per year, or about $22 per month.
  4. Westfield: $294 per year, or about $25 per month.
  5. State Farm: $311 per year, or about $26 per month.

Cheapest auto insurance in Indiana for 60-year-olds with poor credit

Drivers with poor credit in Indiana can look at the following companies with the lowest average rates for full coverage:

  1. Hastings Mutual: $1,060 per year, or about $88 per month.
  2. Encompass: $1,380 per year, or about $115 per month.
  3. Indiana Farmers: $1,442 per year, or about $120 per month.
  4. Pekin: $1,554 per year, or about $130 per month.
  5. Geico: $1,766 per year, or about $147 per month.

Cheapest auto insurance in Indiana for 60-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Indiana, here are the companies with the lowest average rates for minimum coverage:

  1. Buckeye: $235 per year, or about $20 per month.
  2. Celina Insurance: $352 per year, or about $29 per month.
  3. Westfield: $353 per year, or about $29 per month.
  4. Hastings Mutual: $355 per year, or about $30 per month.
  5. State Farm: $381 per year, or about $32 per month.

Cheapest auto insurance in Indiana for 60-year-old drivers with one at-fault crash

For drivers with a recent accident living in Indiana, here are the companies with the lowest average rates for full coverage:

  1. Hastings Mutual: $599 per year, or about $50 per month.
  2. Indiana Farmers: $994 per year, or about $83 per month.
  3. Buckeye: $1,058 per year, or about $88 per month.
  4. Pekin: $1,098 per year, or about $91 per month.
  5. Auto-Owners: $1,128 per year, or about $94 per month.

Cheapest auto insurance in Indiana for 60-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Indiana Farmers: $1,036 per year, or about $86 per month.
  2. State Farm: $1,360 per year, or about $113 per month.
  3. Progressive: $1,503 per year, or about $125 per month.
  4. American Family: $1,523 per year, or about $127 per month.
  5. Pekin: $1,540 per year, or about $128 per month.

Cheapest for 70-year-old drivers

Car insurance costs may start to rise for 70-year-old drivers. To find the cheapest possible coverage, shop around and compare quotes from multiple companies. Also, look for insurers that offer discounts for seniors. For example, some insurers offer discounts to senior drivers who take a defensive driving course.

Cheapest full coverage car insurance in Indiana for 70-year-olds

Drivers in Indiana with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Hastings Mutual: $761 per year, or about $63 per month.
  2. Buckeye: $833 per year, or about $69 per month.
  3. Pekin: $903 per year, or about $75 per month.
  4. Auto-Owners: $1,018 per year, or about $85 per month.
  5. State Farm: $1,022 per year, or about $85 per month.

Cheapest minimum coverage car insurance in Indiana for 70-year-olds

Drivers in Indiana who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Buckeye: $227 per year, or about $19 per month.
  2. Auto-Owners: $291 per year, or about $24 per month.
  3. State Farm: $330 per year, or about $27 per month.
  4. Hastings Mutual: $341 per year, or about $28 per month.
  5. Westfield: $356 per year, or about $30 per month.

Cheapest auto insurance in Indiana for 70-year-olds with poor credit

Drivers with poor credit in Indiana can look at the following companies with the lowest average rates for full coverage:

  1. Hastings Mutual: $1,358 per year, or about $113 per month.
  2. Encompass: $1,403 per year, or about $117 per month.
  3. Pekin: $1,673 per year, or about $139 per month.
  4. Indiana Farmers: $1,752 per year, or about $146 per month.
  5. Geico: $1,876 per year, or about $156 per month.

Cheapest auto insurance in Indiana for 70-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Indiana, here are the companies with the lowest average rates for minimum coverage:

  1. Buckeye: $240 per year, or about $20 per month.
  2. State Farm: $404 per year, or about $34 per month.
  3. Celina Insurance: $412 per year, or about $34 per month.
  4. Westfield: $427 per year, or about $36 per month.
  5. Hastings Mutual: $433 per year, or about $36 per month.

Cheapest auto insurance in Indiana for 70-year-old drivers with one at-fault crash

For drivers with a recent accident living in Indiana, here are the companies with the lowest average rates for full coverage:

  1. Hastings Mutual: $761 per year, or about $63 per month.
  2. Buckeye: $1,080 per year, or about $90 per month.
  3. Pekin: $1,188 per year, or about $99 per month.
  4. Indiana Farmers: $1,199 per year, or about $100 per month.
  5. Auto-Owners: $1,311 per year, or about $109 per month.

Cheapest auto insurance in Indiana for 70-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Indiana Farmers: $1,234 per year, or about $103 per month.
  2. State Farm: $1,431 per year, or about $119 per month.
  3. Pekin: $1,675 per year, or about $140 per month.
  4. American Family: $1,704 per year, or about $142 per month.
  5. Progressive: $1,822 per year, or about $152 per month.

Cheapest car insurance for military families

If you're an active member of the military or a veteran — or have an immediate family member who is — chances are you'll get a relatively cheap rate with USAA, a company that isn't available to the general public.

Because of that restriction, USAA isn't ranked with the others, but it was among the cheapest three auto insurance options for 64 of the 70 driver profiles we examined.

» MORE: Best car insurance for veterans and military

Minimum required auto insurance in Indiana

Indiana requires drivers to carry liability car insurance to drive legally. This coverage pays for others’ injury and property damage costs if you cause a crash.

The minimum liability limits you must select are:

  • $25,000 bodily injury liability per person.

  • $50,000 bodily injury liability per accident.

  • $25,000 property damage liability per accident.

While these limits will satisfy legal requirements, they may not always be enough to pay off a legal settlement against you. A single crash could easily result in more than $25,000 in damage to another driver’s vehicle, for example. Any repairs that exceed that amount would be your responsibility.

Check out our guide to car insurance requirements by state for more details on choosing your liability limits, plus optional coverages you might want such as collision, comprehensive and uninsured motorist insurance.

Alternative Indiana car insurance

If you’re denied car insurance on the voluntary market due to credit problems, a checkered driving record or other circumstances, you can seek coverage through the Indiana Automobile Insurance Plan.

For more help finding competitive car insurance rates, try NerdWallet's auto insurance comparison tool.

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

We used a 2020 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.

We analyzed rates for drivers 20 to 70 years old in ten-year increments. For the average cost of full and minimum coverage in each state, we looked at 35-year-old drivers.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in the state.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.

  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.

  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

We looked at 35-year-old drivers to find the cheapest company overall, the cheapest company for minimum coverage and the cheapest company for drivers with poor credit in states where credit history is used to price rates. We looked at 20-year-old drivers to find the cheapest company for young drivers.

These are rates generated through Quadrant Information Services. Your own rates will be different. Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

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