Average Car Insurance Cost in Indiana (2022 Rates)

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If you are looking for auto insurance in Indiana, knowing how much it will cost is a promising idea. The average premium for car insurance in Indiana is $1,256 per year or $105 per month. While the national average is $1,682. There is a difference of $426 less between the national average and the state average.

If you live here, you know that already. But do you know why? There are a range of factors that affect car insurance rates. A few of them are –age group, gender, driving history, credit score, and location where you live.

Apart from the factors which affect auto insurance rates, this guide also talks about the average rate of full coverage in state, companies offering cheap monthly premiums for car insurance, average car insurance rates by cities in Indiana, and car insurance rates by age group.

Shop around and compare quotes to save money on your auto insurance. Keep reading the guide to make sure the insurance policy does not cost you more than your requirements.

Summary of average car insurance cost in Indiana
Average annual cost $1,256	Average per month cost $105	Average cost for state minimum coverage $384 / Year
Cheapest car insurance company Geico ($632/ Year)	Average cost for young drivers $1,998 / Year	Average cost for Senior drivers $1,211 / Year

Key Takeaways

The average car insurance cost in Indiana is $1,256 per year, based on Insure.com’s analysis.
In Indiana, the average premium for car insurance is $105 per month.
Geico has the cheapest car insurance rates in Indiana, at an average annual rate of $632 a year.

Average car insurance cost in Indiana per month

In Indiana, the average premium for car insurance is $105 per month.

The price for the same coverage may differ between companies, which is true of every auto insurance company. When looking for car insurance rates in Indiana, it is a promising idea to get quotes from many firms.

As per the rate analysis conducted by Insure.com, the company which offers cheapest car insurance premiums in Indiana is Geico. The average annual cost is $632 while the average cost per month is $53. The second-best option available is, USAA, offering insurance at an average per month cost of $66.

The table below lists the other available car insurance companies which offer car insurance in Indiana, along with their average cost per month and average annual cost.

Company name	Average per month cost	Average annual cost
Geico	$53	$632
USAA	$66	$792
State Farm	$84	$1,003
Nationwide	$84	$1,008
Auto-Owners	$90	$1,083
Travelers	$94	$1,133
American Family	$99	$1,187
Progressive	$129	$1,547
Farmers Insurance	$138	$1,652
Allstate	$177	$2,123

Read our guide to best car insurance companies of 2022

Average cost of car insurance by coverage levels in Indiana

The amount of coverage you purchase has an impact on how much car insurance costs in Indiana. Your premium is determined by your liability limits, as well as whether you want comprehensive and collision coverage.

Liability only insurance protects a third party’s property damage and personal injuries in the event of an accident. In the case of a collision, having only liability coverage on your auto insurance would not cover your injuries or personal property damage since you are the driver responsible for the accident. If your coverage limit is 50/100/50 Liability only, the average cost per year in Indiana is $442.

When you add more coverage to your policy, your insurance premium increases. As the insurance provider will have to compensate you if you are in an accident or suffer damage in any other manner. Hence, the average cost of full coverage car insurance in Indiana is $1,256 per year.

For someone who does not own the car, but frequently rents a car, non-owner state minimum liability coverage is best suited. It is like liability-only coverage and covers for property damage and bodily injury caused to another driver. In Indiana, the average annual cost for non-owner state minimum liability only is $263.

And for those who wish to save money on car insurance premiums can opt to have only the state minimum liability coverage, to be able to legally drive in the state. The state minimum liability only coverage costs $384 per year in Indiana.

Coverage limits	Average annual cost
50/100/50 Liability Only	$442
100/300/100 Liability with $500 Comp/Coll Deductible	$1,256
Non-Owner State Minimum Liability Only	$263
State Minimum Liability Only	$384

Average car insurance cost in Indiana by City

Your car insurance premium is determined by a variety of factors, including your state, city, and even ZIP code. The incidence of accidents and the likeliness of vehicle theft or vandalism can influence the overall cost of a city or ZIP code.

The table below depicts the top popular cities in Indiana:

City	Average annual cost
Fort Wayne	$1,182
Evansville	$1,294
South Bend	$1,211
Carmel	$1,113
Fishers	$1,170
Bloomington	$1,202
Hammond	$1,734
Gary	$1,850
Lafayette	$1,136
Muncie	$1,157

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in Indiana by city

Average car insurance cost in Indiana by age of the driver

Age is also a consideration when it comes to auto insurance rates. Teens are more likely to be in automobile accidents than any other generation. For example, the average annual rate for young drivers in Indiana is $1,998 while for seniors is $1,211. Here, the rate for young drivers is $787 more than the rate for senior drivers.

According to statistics, young drivers are more likely to be in a vehicle accident than more experienced drivers. As a result, they are deemed high-risk and costly to insure. They are considered a high-risk driver because of over-speeding and less driving experience on road. Although, premiums start to rise again about age 70 when some aspects of aging start affecting driving abilities.

Average car insurance cost in Indiana for young drivers

The average car insurance cost for female young drivers in Indiana is $1,908 per year or $159 per month and rate for a male young driver is $2,088 per year or $174 per month.

The average annual rates for young male and female drivers are listed in the table below:

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
18	$3,856	$3,445
19	$2,960	$2,634
20	$2,695	$2,406
21	$2,215	$2,004
22	$1,970	$1,814
23	$1,842	$1,710
24	$1,717	$1,608
25	$1,530	$1,450

Average car insurance cost in Indiana for senior drivers

In Indiana, the cost of car insurance for senior female driver is $1,201 per year or $100 per month and cost of car insurance for male senior driver is $1,222 per year or $102 per month.

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
65	$1,163	$1,146
70	$1,260	$1,245
75	$1,401	$1,359

Cheapest cars to insure in Indiana

Make	Model	Average annual premium
Hyundai	Venue SE	$1,182
Honda	CR-V EX	$1,189
Kia	Seltos EX	$1,193
Toyota	C-HR Limited	$1,194
Mazda	CX-5 S	$1,196
Ford	Transit Connect Titanium	$1,198
Mini	Cooper SE	$1,200
Chrysler	Voyager LX	$1,207
Subaru	Forester 2.5I	$1,208
GMC	Savana G2500	$1,218

Most expensive cars to insure in Indiana

Make	Model	Average annual premium
Maserati	Quattroporte	$4,952
Maserati	Ghibli Modena	$4,265
Maserati	Ghibli GT	$4,126
Maserati	Levante Trofeo	$3,777
Maserati	Ghibli Trofeo	$3,734
Audi	RS7 Quattro Performance	$3,571
Audi	RS7 Quattro	$3,567
Audi	RS7 Quattro Prestige	$3,540
BMW	M5	$3,459
Tesla	Model S Plaid	$3,444

Note: For coverage limit: 100/300/50 liability with a $500 comprehensive and collision deductible.

Methodology

Insure.com gathered data with the help of Quadrant Information Services from major insurance companies across Indiana. The rates are based on the profile of a 40-year-old male who drives a 2021 Honda Accord LX with a clean record and full coverage policy.

The coverage limit for a full coverage policy is 100/300/100 liability with a $500 comprehensive and collision deductible. The numbers 100/300/100 represent $100,000 coverage for bodily injury per person, $300,000 in bodily injury per accident and $100,000 for property damage.