Cheapest Auto Insurance in Terre Haute, Indiana (2024)

Auto insurance in Terre Haute costs an overall average of $99 per month, which is similar to the state average of $110. The city’s location on the Wabash river, large population, and Indiana’s relatively high rate of traffic accidents could contribute to the city's near-average car insurance rates.

Like all Indiana drivers, Terre Haute residents must buy at least the minimum amount of liability insurance Indiana requires.^[1]

Here's what you need to know about comparing rates and getting affordable car insurance in Terre Haute.

3 of the cheapest car insurance companies in Terre Haute

The following companies offer some of the best prices on car insurance in Terre Haute. The right insurer for you depends on your circumstances, so it’s a good idea to ask several companies for quotes before making your decision.

Best company for liability-only coverage: Auto-Owners

Best company for teen drivers: State Farm

Best company for drivers with a speeding ticket: GEICO

How to get the cheapest car insurance in Terre Haute

You’ll likely find cheaper car insurance if you have a clean driving record and drive a lower-priced car with good safety ratings. How often and how far you typically drive can also affect rates, because insurers expect someone who drives long miles for work every day to have a higher chance of filing a claim than someone who only heads out on occasional short excursions.^[5]

Consider these strategies to find the best auto rate in Terre Haute:

• Gather quotes from multiple insurers. Getting free car insurance quotes can help you understand which companies can offer you the coverage you need at the best price.

• Bundle homeowners and car insurance. Insurance companies often quote lower rates to drivers who buy a car insurance policy with a homeowners insurance policy.

• Boost your credit score. Paying down credit balances, catching up on paying any accounts that are overdue, and fixing errors on your credit report can improve your standing with the credit bureaus and raise your credit-based insurance scores.

• Buy only the coverage you need. A basic policy with low coverage limits and a high deductible typically costs less than policies with extensive riders, high coverage amounts, and minimal deductibles.

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Cheapest liability-only car insurance in Terre Haute: Auto-Owners

Liability insurance protects you financially in case you cause an accident. If the other driver in the accident sues you, you could be responsible for paying their medical expenses or compensating them for property damage. Liability insurance pays what you owe, up to a set limit.

The average cost of liability insurance in the city is $67 per month. Here are the cheapest car insurance companies in Terre Haute for liability-only coverage:

Cheapest full-coverage car insurance in Terre Haute: Auto-Owners

A full-coverage insurance policy includes liability coverage plus collision coverage and comprehensive coverage. Collision coverage pays for damage to your car from a crash with another vehicle or object, regardless of fault. Comprehensive coverage helps pay for car damages from incidents like natural disasters, hitting an animal, vandalism, or theft.

“When you have a lien holder, typically they require that you have full coverage so that they can get paid back in the event of an accident,” says Camron Moss, an agent with A Plus Insurance. “If your car is paid off, but it is a newer car, it would be a good idea to have full coverage, just so that you can get a replacement vehicle [of] the same type and quality.”

The average cost of full-coverage insurance in the city is $130 per month. The following are average monthly quotes for full-coverage car insurance from the most affordable insurers in Terre Haute.

Car insurance requirements in Indiana

Like most other states, Indiana requires drivers to buy a minimum amount of liability coverage in case they’re responsible for an accident. You might need additional coverage types or higher limits than the minimum.

The state also requires insurers to offer the following optional coverages. Drivers who don’t want to buy these policy add-ons must state their rejection in writing.^[2]

• Uninsured motorist bodily injury: This coverage pays medical expenses for you and your passengers if an uninsured motorist causes an accident with your vehicle. The minimum limits are $25,000 per person or $50,000 per accident.

• Uninsured motorist property damage: This compensates you for damage to your car or other property caused by an uninsured driver. Insurers must offer coverage of at least $25,000.

• Underinsured motorist bodily injury: If an insured driver causes an accident and their policy doesn’t pay enough to cover the resulting medical expenses, this coverage can make up the difference. The coverage limit must be at least $50,000.

Indiana requires 25/50/25 liability insurance. The following table shows the mandatory types of coverage and the minimum limits for each:^[1]

While these are just minimums, you may want more coverages to boost your policy. Consider adding these to your auto insurance policy:

• 

  Collision coverage

  Collision coverage pays for your car repairs or replacement if you hit a stationary object or another vehicle, regardless of fault.

• 

  Comprehensive coverage

  Comprehensive coverage pays for vehicle repairs or replacement after non-collision incidents. These can include theft, vandalism, falling objects, severe weather, and more.

• 

  Gap coverage

  If you finance or lease your vehicle, gap insurance can pay the difference between the remaining balance on your agreement and your insurance settlement if your car is a total loss.

• 

  Rental reimbursement coverage

  Rental reimbursement coverage helps pay for the cost of using a rental car or alternative transportation if your car is in the shop during a covered claim.

Cheapest car insurance for drivers with an incident

Drivers with an incident on their record — meaning an at-fault accident, speeding ticket, DUI, or other moving violation — typically face higher car insurance rates.^[5] "Insurance companies try to determine how much they’re going to pay out per person," Moss says. "If you have a moving violation, maybe you would be more likely to file a claim than someone who hasn't had one."

If you have multiple incidents on your driving record, you may have trouble finding car insurance. Terre Haute drivers in this situation can apply for the Indiana Auto Insurance Plan. Any agent in the state can help a driver apply for this coverage. Launched in 1948, the program is intended to help high-risk drivers who haven’t been able to find a company to insure them voluntarily. 

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Cheapest car insurance for drivers with a speeding ticket: Auto-Owners

How much a speeding ticket will raise your rates depends on the insurer and how serious the speeding incident was. In Terre Haute, drivers with a speeding ticket pay an average of $96 per month for liability coverage.

The following are average monthly quotes for liability coverage from some of the most affordable insurance companies offering policies in Terre Haute:

Cheapest car insurance for drivers with an at-fault accident: Auto-Owners

An at-fault accident will typically lead to higher premiums for the following three years, according to the Insurance Information Institute.^[6] In Terre Haute, drivers with an at-fault accident on their records pay an average of $96 per month for liability coverage.

If you have a recent accident on your driving record, consider one of the insurers listed below.

Cheapest car insurance for drivers with a DUI: Auto-Owners

Accidents in which at least one driver was alcohol-impaired accounted for 30% of all fatal crashes in 2020, according to the National Highway Traffic Safety Administration (NHTSA).^[7] Insurers take this violation seriously and may quote higher rates to drivers with a DUI.

In Terre Haute, drivers with DUIs on their records pay an average of $110 per month for liability coverage.

Drivers with DUI convictions may find the cheapest insurance in Terre Haute from the insurers below.

Cheapest car insurance for seniors: Auto-Owners

Drivers tend to pay lower car insurance rates starting around age 26, but costs go up again once they reach their 70s.^[5] Older drivers get into accidents more often than middle-aged drivers, although the Insurance Institute for Highway Safety (IIHS) reports that the rate at which older motorists are killed in collisions decreased between 1997 and 2021.^[8]

In Terre Haute, senior drivers pay an average of $49 per month for liability coverage and $96 per month for full coverage.

Here are the cheapest car insurance companies for senior drivers in Terre Haute.

Cheapest car insurance for teens: Auto-Owners

Finding affordable car insurance for teens can be challenging because teens have less driving experience than adult motorists and are statistically more likely to be involved in accidents.^[5] Consequently, auto rates for teens are usually significantly higher than for adults.

Teens may be able to find cheaper rates if they stay on their parents’ insurance or get on the insurance plan of another older relative or friend. Teens who can’t join another person’s auto policy should look for discounts, like good student discounts, paperless discounts, and telematics-based discounts that set a rate based on driving behavior.

"If you are trying to get an insurance policy on your own, and you’re a young driver, try not to get a vehicle that requires full coverage. So maybe stay away from newer vehicles," Moss says. The following table illustrates some full-coverage car insurance rates for teen drivers in Terre Haute.

In Terre Haute, teen drivers pay an average of $118 per month for liability coverage and $229 per month for full coverage.

Here are the cheapest car insurance companies for teen drivers in Terre Haute.

Terre Haute car insurance quotes by credit tier

Indiana allows insurers to take drivers’ credit history into account when setting rates. Insurers generally view drivers with excellent or good credit as better risks and may quote lower premiums to them, while drivers with poor credit scores often pay higher rates.^[9]

Is car insurance more expensive in Terre Haute?

The average rate for full-coverage insurance in Terre Haute is $130 a month. That’s less than the national average of $211 a month.

But the statewide average cost of full coverage in Indiana is just $148 per month, and auto insurance in Terre Haute is somewhat more expensive than in other nearby cities like Bloomington, Fort Wayne, and South Bend.

A variety of factors can cause car insurance premiums to be higher in some cities than in others. Insurers consider the size of the population, weather conditions, and accident rates when determining premiums.

More cities in Indiana

Here's how average rates in other Indiana cities compare to Terre Haute's rates.

Terre Haute car insurance FAQs