Establishing which companies have the most affordable auto insurance rates for high mileage drivers will require a bit more effort in order to find the best policy. Each auto insurer has their own unique process for filing rates in each state, so we’ll take a look at the most budget-friendly auto insurance companies in Indianapolis.
Keep in mind that Indiana auto insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. Simply having a birthday, buying higher coverage limits, or getting a DUI can produce rate changes resulting in some companies being cheaper in comparison to the competition.
Best Car Insurance Prices in Indiana
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $602 |
| 2 | Cincinnati Insurance | $658 |
| 3 | USAA | $681 |
| 4 | Erie | $705 |
| 5 | Western Reserve | $838 |
| 6 | The Hartford | $863 |
| 7 | Indiana Farmers Mutual | $867 |
| 8 | Auto-Owners | $915 |
| 9 | Nationwide | $940 |
| 10 | Motorists Mutual | $956 |
| 11 | Utica National | $965 |
| 12 | Safeco | $973 |
| 13 | State Farm | $997 |
| 14 | Hastings Mutual | $1,013 |
| 15 | Farmers | $1,033 |
| 16 | Wolverine Mutual | $1,072 |
| 17 | Westfield | $1,094 |
| 18 | Progressive | $1,095 |
| 19 | State Auto | $1,131 |
| 20 | GEICO | $1,133 |
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Travelers offers some of the cheapest car insurance rates in Indianapolis at around $602 annually. This is $638 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the cut as some of the best Indianapolis, IN car insurance companies.
As depicted above, if you are a customer of Cincinnati Insurance and switched to Travelers, you might see yearly savings of upwards of $56. Insureds with USAA could save as much as $79 a year, and Erie insureds might reduce rates by $103 a year.
To discover how much you can save, click here to get a free quote or click several companies below for low rates.
Be aware that those policy rates are averaged across all insureds and vehicles and and are not figured with an exact zip code location for high mileage drivers. So the company that is best for you may not even be in the list above. That points out the importance of why you need to get rate quotes using your own driver and vehicle profiles.
The vehicle model you are seeking coverage for is a large factor when shopping around for the most economical auto insurance for high mileage drivers. Vehicles with average performance, a great safety record, or low incidents of liability claims will cost substantially less to insure than adrenaline junky models. The data below showcases coverage prices for a handful of the cheapest automobiles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,021 |
| Honda Odyssey LX | $1,098 |
| Ford Explorer XLT 4WD | $1,120 |
| Honda CR-V LX 4WD | $1,143 |
| Chevrolet Malibu Hybrid | $1,182 |
| Chevrolet Equinox LT 2WD | $1,188 |
| Toyota RAV4 Sport 4WD | $1,182 |
| Honda Accord EX 4-Dr Sedan | $1,222 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,243 |
| Toyota Prius | $1,263 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,265 |
| Dodge Grand Caravan SE | $1,284 |
| Toyota Tacoma 4WD | $1,291 |
| GMC Sierra 2500HD SLT Crew Cab 4WD | $1,327 |
| Volkswagen Jetta 2.0T Station Wagon | $1,336 |
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Prices do not factor in vehicle location which can impact premium rates considerably.
Looking at the numbers, makes and models like the Ford Escape, Honda Odyssey, Ford Explorer, and Honda CR-V should be the most affordable vehicles to insure for high mileage drivers.
For high mileage drivers, one of the largest components that help determine the amount you pay each year for auto insurance is where you normally keep your vehicle in Indianapolis. Regions with more people or even just more weather-related claims likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.
The following table sorts the highest-priced areas in Indiana for high mileage drivers in which to purchase auto insurance. Indianapolis is ranked at #9 with a yearly cost of $1,050 for the average insured, which is about $88 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,360 |
| 2 | Hammond | $1,314 |
| 3 | Portage | $1,137 |
| 4 | Merrillville | $1,128 |
| 5 | Evansville | $1,077 |
| 6 | New Albany | $1,070 |
| 7 | Terre Haute | $1,067 |
| 8 | Lawrence | $1,066 |
| 9 | Indianapolis | $1,050 |
| 10 | Kokomo | $1,041 |
| 11 | Anderson | $1,041 |
| 12 | Jeffersonville | $1,038 |
| 13 | Bloomington | $988 |
| 14 | Columbus | $984 |
| 15 | Fort Wayne | $976 |
| 16 | Mishawaka | $974 |
| 17 | Elkhart | $965 |
| 18 | Muncie | $965 |
| 19 | Fishers | $954 |
| 20 | South Bend | $947 |
| 21 | Richmond | $944 |
| 22 | Greenwood | $931 |
| 23 | Carmel | $929 |
| 24 | Noblesville | $920 |
| 25 | Lafayette | $890 |
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Table data uses approximated as zip code location can increase or decrease prices substantially.
Poor driving habits will raise your auto insurance rates
In a perfect world, the ideal way to get cheap auto insurance premiums in Indiana for high mileage drivers is to be a cautious driver and avoid accidents and traffic citations. The example below illustrates how violations and at-fault claims can impact insurance prices for each age group. The costs are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
The data charted above shows the average cost of a car insurance policy in Indianapolis per year with no accidents or violations is $1,091. Add in two speeding tickets and the average cost increases to $1,499, an increase of $408 each year. Then add in two accidents along with the two speeding tickets and the annual cost of auto insurance for high mileage drivers jumps again to an average of $3,127. That’s an increase of $2,036, or $170 per month, just for not driving responsibly!
Choosing a highly-rated auto insurance company can be a challenge considering how many different companies sell coverage in Indianapolis. The company rank data in the lists below may help you choose which insurers you want to consider comparing rate quotes with.
The rankings below are for companies that insure vehicles across America, so smaller regional companies will not be included in these rankings. To check rates from these and other competitive companies, simply click here.
Top 10 Major Car Insurance Companies Overall in Indianapolis
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
The example below illustrates how choosing a deductible can impact insurance costs when researching cheap insurance for high mileage drivers. The costs are based on a married female driver, comp and collision included, and no discounts are factored in.
As shown above, a 50-year-old driver could reduce rates by $192 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $290 by switching to a $1,000 deductible. Youthful drivers, like the age 20 example, could reduce their rates up to $476 each year by using a higher deductible. When using a larger deductible, it will be required to have spare funds to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.