How to Lower Your Indianapolis Car Insurance Rates

Indianapolis auto insurance rates are on the rise, but there are some steps you can take to help control rate increases.

1. The largest contributor to high rates are traffic violations and at-fault accidents, which are preventable if drivers use more caution and are more attentive while driving. A single minor violation like speeding or running a red light can increase rates by 10% or more. Add in an at-fault accident and you’ll see rates jump by 50% or more.
2. Your choice of vehicle is also a large determinant of how much your car insurance bill will be. Expensive luxury and high-performance cars and SUVs cost much more to repair and also tend to have higher incidents of liability claims. Cheaper cars with less horsepower tend to cost less to repair, and have lower likelihood of large liability losses.
3. Where you live in Indianapolis along with your credit rating are two important considerations that insurance companies factor into your price. If you live in an area with higher vehicle theft claims, you will pay more for physical damage coverage. If you have poor credit, insurance companies will charge more because you have not demonstrated strong financial stability or responsibility.
4. Loyalty to a particular insurance company may earn you a small discount, but it may be costing you much more in the long run. If you haven’t shopped your coverage around in the last year, you are more than likely overpaying for your policy. A recent survey demonstrated that drivers who make a habit of shopping around pay over $800 a year less than those who do not compare rates. Regularly comparing rate quotes from other companies is one of the best ways to ensure you are not overpaying.

The rate table below shows example auto insurance rates in Indianapolis. The rates are based on a married male driver, age 50, with no traffic violations or accident claims. Full coverage is included with $250 physical damage deductibles and Indiana minimum liability limits. Possible policy discounts include multi-policy, homeowner, claim-free, multi-car, and safe driver. Prices do not factor in a specific location in Indiapolis which can raise or lower rates significantly.

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