Best Cheap Auto Insurance in Indianapolis, Indiana (2024)

The Circle City has car insurance rates that just keep climbing. Fortunately, you can find better rates through Auto-Owners, State Farm, and USAA. Average rates in the city are $166 for full-coverage car insurance and $78 for liability only, according to Insurify data.

This article aims to help you secure rates as low as possible so you can keep your wheels moving in the Circle City.

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Best car insurance companies in Indianapolis

The best car insurance company in Indianapolis is different for everyone. Whether an insurer offers you the cheapest rates or the best coverage (not always the same thing) will often depend on factors such as your driving record, age, gender, marital status, and even your credit score.

However, as you begin your search for the best insurer, be sure to take a look at the following three.

Best insurer for liability and full coverage: Auto-Owners

liability and full coverage

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User Reviews	4.0 86 reviews
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	8.5 /10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$31/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$59/mo

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Driver Reviews

4.0

Best choiceBased on 137 verified guest reviews and ratings

How drivers feel about Auto-Owners

Drivers appreciate the friendly customer service, competitive initial rates, and professional agents but dislike the frequent price increases and complicated claims process.

AI-generated from the text of verified reviews collected by Insurify

Best For

Cheap rates

Senior drivers

Ample discounts

How drivers feel about Auto-Owners

Drivers appreciate the friendly customer service, competitive initial rates, and professional agents but dislike the frequent price increases and complicated claims process.

AI-generated from the text of verified reviews collected by Insurify

Best For

Cheap rates

Senior drivers

Ample discounts

Reviews (86)

Ronald W

October 29, 2024

Verified Review

They Cancelled Our Home Insurance

We had no problem with Auto-Owners regarding our auto insurance. However, we were disappointed when Auto-Owners cancelled our home insurance. They stopped all home insurance in 'fire prone areas'.

Martha

October 28, 2024

Verified Review

Good

The premiums keep increasing.

Lawrence

October 24, 2024

Verified Review

Honest Answers to Questions

Please refer to my answers to the previous questions.

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Our Advice

JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

837

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.5

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

Started by a group of insurance executives in Michigan in 1916, Auto-Owners started writing policies in Indiana in 1935 and now offers insurance in approximately half the country. Despite the name, Auto-Owners offers other insurance products, such as home and life insurance. It offers the lowest rates in Indiana.

Pros

• Long history of selling car insurance in Indiana

• A.M. Best financial strength rating of A++ (Superior)

• Bundling and other discounts

Cons

• Online quotes not available; you’ll need to talk to an agent

• Available in only 26 states

• Website lacking compared to competitors

Best insurer for financial stability: State Farm

financial stability

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User Reviews	4.2 4,847 reviews
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.3 /10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$33/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$63/mo

Show Details

Driver Reviews

4.2

Best choiceBased on 8831 verified guest reviews and ratings

How drivers feel about State Farm

Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify

Best For

Customer service

Competitive rates

Discounts for safe drivers

How drivers feel about State Farm

Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify

Best For

Customer service

Competitive rates

Discounts for safe drivers

Reviews (4,847)

Jannie

October 29, 2024

Verified Review

Good

The insurance is higher than other companies' policies.

Marsha

October 29, 2024

Verified Review

Friendly agents!

Check out their prices!

Linda

October 29, 2024

Verified Review

I also have my homeowners insurance with them. I had a fire in my hot water heater and a year later, someone stayed in my house while I was gone for 2 months. I came home to a floating kitchen floor. After these incidents, StateFarm cancelled my policy.

I also have my homeowners insurance with them. I had a fire in my hot water heater and a year later, someone stayed in my house while I was gone for 2 months. I came home to a floating kitchen floor. After these incidents, StateFarm cancelled my policy.

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Our Advice

JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

842

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.78

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

State Farm was started in 1922. Today, it offers around 100 different insurance products, including car insurance, renters insurance, and pet insurance. State Farm is available in all 50 states and is the largest insurance company in the United States. State Farm writes more policies than any other insurer, and it has an A.M. Best financial strength rating of A++.

Pros

• Long history of selling car insurance

• A.M. Best financial strength rating of A++ (Superior)

• Rideshare insurance available

Cons

• Low customer satisfaction ratings

• Gap insurance not available

• Not as many discounts as some competitors

Best insurer for military members: USAA

military members

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User Reviews	4.9 897 reviews
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.4 /10
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.	$35/mo
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.	$66/mo

Show Details

Driver Reviews

4.9

Best choiceBased on 1573 verified guest reviews and ratings

How drivers feel about USAA

Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.

AI-generated from the text of verified reviews collected by Insurify

Best For

Members of the military community

Outstanding customer service

Competitive rates

How drivers feel about USAA

Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.

AI-generated from the text of verified reviews collected by Insurify

Best For

Members of the military community

Outstanding customer service

Competitive rates

Reviews (897)

Kent

October 29, 2024

Verified Review

Excellent

The insurance is a bit high.

Dorothy

October 29, 2024

Verified Review

Significant Increase in Policy Payment

Be cautious not to have an accident, as my policy payment increased by $300 a month.

Martin

October 29, 2024

Verified Review

My Opinion

They have always been there when I've needed them. They're not the cheapest, but I've never been denied a claim.

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Our Advice

JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

880

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

1.35

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

United Services Automobile Association (USAA) has been around since 1922, and it exclusively caters to active military members, veterans, and their families. USAA is known for car insurance, but it also offers many other insurance products, such as homeowners and life insurance. Its rates are known for being very affordable, and USAA is available in all 50 states.

Pros

• Affordable rates for all drivers, including those with traffic violations

• Savings of up to 30% possible via SafePilot program

• Discounts for bundling, being a good student, enrolling in automatic payments, and more

Cons

• Only available to active military members, veterans, and their families

• Doesn’t offer gap insurance

• 24/7 customer phone support not available

Cheapest liability-only car insurance in Indianapolis: Auto-Owners

Liability-only car insurance protects you if you damage another person’s car or the other driver and passengers are hurt. If you’re injured or your own car is banged up, however, your insurance wouldn’t pay for those expenses. As such, liability-only insurance is generally the most affordable option.

In Indianapolis, drivers pay a monthly average of $78 for liability-only coverage. You can see a collection of insurance policies from several Indianapolis-area insurers below.

Cheapest full-coverage car insurance in Indianapolis: Auto-Owners

Full-coverage car insurance provides the same protections as a liability-only policy but also covers any damage or hospital expenses for you and your vehicle. Collision and comprehensive coverages can pay to repair or replace your vehicle, but you’ll have to meet your deductible amount before your insurance starts paying.

If you have a high-value car, or if you would find it expensive and difficult to replace or repair your car if it were wrecked, you may want to consider full coverage. In Indianapolis, full coverage costs an average of $166 per month, but you might find better rates with the following insurers.

Car insurance requirements in Indiana

To drive legally in Indiana, you need to have at least a liability-only car insurance policy covering bodily injuries and property damage.^[1] You’re also required to have uninsured and underinsured motorist coverage, though you’re allowed to reject this by putting it in writing (your insurer can explain how to do that).

Just keep in mind if you do, there’s a risk. If you’re in an accident and the other driver’s insurance won’t cover all the damages, you could end up paying for hospital or repair bills yourself because you rejected the uninsured motorist coverage.

The table below spells out the minimum requirements you’ll need to meet for your car insurance coverage. Again, you can inform your insurer that you reject the uninsured and underinsured coverage as long as you do so in writing.

In addition to meeting the minimum-coverage requirements outlined above, you may also want to consider adding the following coverages:

• 

  Collision coverage

  This pays for damage to your car caused by crashing into a car or object.

• 

  Comprehensive coverage

  This pays claims for non-collision damage to your car. For example, if a tree branch falls on your car’s roof, comprehensive insurance would pay to repair it.

• 

  Medical payments coverage

  Also known as MedPay, this coverage pays your medical bills related to an accident, regardless of who caused it.

• 

  Uninsured/underinsured motorist coverage

  Nearly 16% of motorists in Indiana drive without insurance, according to the Insurance Institute for Highway Safety. If you get into a collision with one of them, your UI/UIM coverage can help bridge any financial gap between your actual costs and a payout from the other driver’s insurance company.

Cheapest car insurance for Indianapolis drivers with an incident

If you have an incident on the road — like a speeding ticket, at-fault accident, or a DUI — it can translate into higher premiums. Insurers can see one incident as the start of a bad pattern, and they may raise your premiums in case more expensive problems occur. The good news is that if you drive fo a few years without an incident, insurers will usually lower your rates.

In the sections that follow, you’ll see how having an incident on your record can affect your auto rates in Indianapolis.

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Cheapest car insurance for drivers with a speeding ticket

Indianapolis may be famous for its Indy 500, but the police frown on motorists treating I-465 like their own Indianapolis Motor Speedway. If you’re caught speeding, your premiums may climb. In fact, the overall average cost of car insurance with a speeding ticket in Indianapolis is $175 per month.

Here’s a look at what you can expect to pay for auto insurance in Indianapolis with a speeding ticket on your record.

Cheapest car insurance for drivers with an at-fault accident

You can expect at-fault accidents to push your car insurance rates higher. Indianapolis drivers with a ticket on their records pay a monthly average of $112 for liability-only insurance and $238 for full coverage.

Here’s a look at how an accident on your record could affect your auto rates in Indianapolis.

Cheapest car insurance for drivers with a DUI

If you have a DUI on your record, you can expect your premiums to go way up. In some cases, your insurer may drop you altogether. 

While Indianapolis drivers with clean motor vehicle records pay a monthly average of just $122, those with a DUI see an average of $200. The table below shows what you would pay, on average, for your insurance premiums in Indianapolis if you have a DUI on your record.

Cheapest car insurance for Indianapolis seniors

Insurers calculate your insurance premiums by examining many different factors, including your age. Generally, senior drivers have the lowest rates of any age group, averaging $90 per month in Indianapolis.

But if you’re 75 or older, you can expect your premiums to begin to climb. This is because statistics show older drivers are involved in more accidents and suffer more severe injuries when an accident occurs. If you live in Indianapolis and are a senior, the table below shows what you may pay, on average, for your auto insurance premiums.

Cheapest car insurance for Indianapolis teens

You may be a teenager who aced your driver’s test and is as safe a driver as they come, but insurers will still charge you higher premiums than older, more experienced drivers. Fortunately, teenagers have ways to offset the financial pain of high insurance rates.

For instance, insurers charge less when a teenage driver stays on their parents' policy as opposed to getting their own insurance policy. Driving a car that your insurer considers a safe model could also help your rates. And if you report your good grades, you could qualify for a good student discount.

On average, teen drivers pay $138 per month for liability-only insurance in Indianapolis and $293 for a full-coverage policy. If you’re a teen driver living in Indianapolis, the table below shows what you’d pay, on average, for your insurance premiums.

How to get the cheapest car insurance in Indianapolis

A number of factors go into determining the car insurance rates you’re offered, including your:

• Age

• Gender

• Driving record

• Location

• Type of car

• Amount of coverage

• ZIP code

To increase your chances of obtaining the lowest quote possible, follow these strategies:

• Compare quotes. Obtain quotes from several car insurance companies, and compare them against one another.

• Increase your deductible. Raising your full-coverage deductible from, say, $250 to $1,000 typically lowers your car insurance costs because you’re taking on more of the up-front risk yourself. However, be sure to never set a deductible above what you can afford should you need to file a claim.

• Bundle coverage. Your insurance company might provide a discount if you buy at least two policies, such as car insurance and homeowners insurance.

• Explore discounts. You may be able to score a discount if you maintain a clean driving record or complete a defensive driving course. You can also inquire with your company to see if it has any discount agreements with certain insurers.

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Rates start as low as $31/mo. for liability coverage

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Indianapolis car insurance quotes by credit tier

Most states, including Indiana, allow insurers to consider credit scores. Insurers have concluded that your credit score is a sign of how safe a driver you are. As such, if you have an excellent or good credit score, you’ll often enjoy far lower insurance premiums than a person with a poor credit score.

The table below shows how Indianapolis drivers’ insurance premiums are affected by credit scores.

Is car insurance more expensive in Indianapolis?

While car insurance in Indianapolis is more expensive than in the rest of the state, it’s still cheaper than the national average. The U.S. national car insurance average for liability-only coverage is $170 a month, and full coverage is $253. In Indianapolis, the average rate is $78 for liability-only coverage and $166 for full coverage.

More cities in Indiana

How does car insurance in Indianapolis stack up against other cities across the state? The table below gives you an idea.

Indianapolis car insurance FAQs