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Best Cheap Car Insurance in Indiana for 2019

Jan. 2, 2019
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Because auto insurance rates fluctuate from one company to the next, shopping around is crucial if you want cheap car insurance in Indiana. Prices also depend on personal circumstances such as your age, accident history and credit score.

To pinpoint the best deals in Indiana, NerdWallet collected rates from the eight largest insurers in the state and found the three cheapest options for several driver types.

Cheapest for good drivers

Erie was the cheapest auto insurer we found for Indiana drivers with clean driving and credit histories, at roughly $48 per month, on average. Indiana Farmers and State Farm round out the list.

InsurerAverage priceGet your rate
*Indiana Farmers Mutual is not rated because there is not enough data to evaluate it against larger companies.
4.5 NerdWallet rating

$573/year

$48/month



NerdWallet rating: *Not rated

$781/year

$65/month

4.0 NerdWallet rating

$848/year

$71/month

For this calculation, NerdWallet averaged rates for 40-year-old men and women with a clean driving record and good credit. With the exception of age, a large portion of drivers are closest to this profile, which carries standard "full coverage" insurance, including state-required coverage.

Cheapest for drivers with poor credit

Indiana Farmers was the cheapest carrier we found for drivers with spotty credit histories, at $126 per month, on average. Erie and Indiana Farm Bureau come in second and third, respectively.

InsurerAverage priceGet your rate
*Indiana Farmers and Indiana Farm Bureau are not rated because there is not enough data to evaluate them against larger companies.

NerdWallet rating: *Not rated

$1,512/year

$126/month

4.5 NerdWallet rating

$1,712/year

$143/month



NerdWallet rating: *Not rated

$1,899/year

$158/month

Poor credit can have a bigger effect on car insurance premiums than even a DUI conviction or a recent accident. To calculate these figures, NerdWallet averaged rates for 40-year-olds with a clean driving record, poor credit as reported to their insurer, and standard "full coverage" insurance.

Cheapest for drivers with one at-fault crash

For Indiana drivers with a recent accident on their records, Erie, the cheapest carrier we found, is worth a look. It returned an average rate of $63 per month, on average, for this category. Indiana Farmers and State Farm complete the list.

InsurerAverage priceGet your rate
*Indiana Farmers is not rated because there is not enough data to evaluate it against larger companies.
4.5 NerdWallet rating

$757/year

$63/month



NerdWallet rating: *Not rated

$928/year

$77/month

4.0 NerdWallet rating

$1,041/year

$87/month

To get these figures, we averaged rates for 40-year-olds with one recent at-fault crash and the typical "full coverage" insurance. Your rates will remain high for three to five years after you cause an accident or have a moving violation. If you fall into this category, be sure to shop for new insurance rates just after the three-year and five-year anniversaries of your infraction.

Cheapest for low-mileage drivers

Erie had the cheapest insurance quotes we found for drivers in Indiana who drive little, at $44 per month, on average. State Farm and Indiana Farmers make second and third, respectively, with pretty similar average monthly rates.

InsurerAverage priceGet your rate
*Indiana Farmers is not rated because there is not enough data to evaluate it against larger companies.
4.5 NerdWallet rating

$523/year

$44/month


4.0 NerdWallet rating

$743/year

$62/month


NerdWallet rating: *Not rated

$781/year

$65/month

Whether you're retired, work at home or often use public transportation, you may be able to get cheaper car insurance simply because you drive less. The rates above are for 40-year-olds with typical "full coverage" insurance and a clean driving record who drive 5,000 miles per year instead of the standard 12,000.

Cheapest for minimum coverage

The cheapest car insurer we found in Indiana for minimum coverage insurance is Erie, which had an average rate of just $17 per month. Indiana Farmers and State Farm also make the list for bare-bones auto coverage.

InsurerAverage priceGet your rate
*Indiana Farmers is not rated because there is not enough data to evaluate it against larger companies.
4.5 NerdWallet rating

$210/year

$17/month



NerdWallet rating: *Not rated

$239/year

$20/month

4.0 NerdWallet rating

$349/year

$29/month

We calculated these numbers by averaging rates for 40-year-old good drivers who have only the minimum mandatory insurance in their state. Such light coverage isn't typically recommended, since it might not cover all the bills resulting from a car accident, but it's better than nothing — especially if you can't afford much more.

Minimum required auto insurance in Indiana

Indiana requires drivers to carry liability 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.

Here’s a summary of where you’ll find the cheapest insurance, by category:

Cheapest car insurance in Indiana

CategoryCheapest option
Good driversErie
Drivers with poor creditIndiana Farmers
Drivers with one at-fault accidentErie
Low-mileage driversErie
Minimum coverageErie
For our base-profile driver with good credit and a clean driving history, NerdWallet averaged rates from the largest insurers for 40-year-old men and women in 20 ZIP codes. The policy includes:

  • $100,000 bodily injury liability coverage per person.
  • $300,000 bodily injury liability coverage per crash.
  • $50,000 property damage liability coverage per crash.
  • $100,000 uninsured motorist bodily injury coverage per person.
  • $300,000 uninsured motorist bodily injury coverage per crash.
  • Collision coverage with $1,000 deductible.
  • Comprehensive coverage with $1,000 deductible.

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

  • For drivers with poor credit, we adjusted the credit tier from “good” to “poor.”
  • For drivers with one at-fault crash, we added a single at-fault crash.
  • For low-mileage drivers, we adjusted the miles driven from 12,000 per year to 5,000.
  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.

We used a 2015 Toyota Camry in all cases. These are rates generated through Quadrant Information Services. Your own rates will be different.

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