The words “affordable” and “insurance” probably shouldn’t be used together, in particular when looking for the lowest insurance rates for police officers. Because it’s not cheap, let’s start off by going over a few of the factors that significantly impact car insurance premiums, and find some ways to take a little off your next policy.
The vehicle to be insured is a large consideration when shopping for the most economical insurance for police officers. Vehicles with high performance, poor crash test ratings, or high incidents of liability claims will cost substantially more to insure than more economical and safe models. The next table features auto insurance premiums for a number of the cheaper vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 4WD | $1,122 |
| Honda Odyssey LX | $1,134 |
| Ford F-150 STX Regular Cab 4WD | $1,159 |
| Honda CR-V EX-L 4WD | $1,164 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,159 |
| Toyota RAV4 2WD | $1,223 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,246 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,264 |
| Dodge Grand Caravan CV | $1,266 |
| Ford Edge SE 2WD | $1,285 |
| Toyota Prius | $1,294 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,308 |
| Chevrolet Silverado LT Regular Cab | $1,313 |
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can revise prices significantly.
Based on these rates, you can conclude that cars like the Ford Escape, Honda Odyssey, and Ford F-150 are some of the most economical vehicles to insure for law enforcement personnel.
Determining which company quotes the cheapest auto insurance rates for police officers takes a tad more effort in order to find the lowest price. Every insurance company has a unique approach for determining rates, so to begin we’ll rank the auto insurance companies with the overall cheapest rates in Indianapolis, IN.
It’s important to understand that Indianapolis, IN auto insurance rates are based on many factors that control the cost of your policy. Simply improving your credit, marrying your spouse, or getting a couple of tickets may prompt premium changes that can make some companies more affordable than competitors.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $602 |
| 2 | USAA | $667 |
| 3 | Cincinnati Insurance | $684 |
| 4 | Erie | $733 |
| 5 | Western Reserve | $838 |
| 6 | The Hartford | $855 |
| 7 | Indiana Farmers Mutual | $867 |
| 8 | Auto-Owners | $879 |
| 9 | Nationwide | $930 |
| 10 | Motorists Mutual | $956 |
| 11 | State Farm | $967 |
| 12 | Hastings Mutual | $973 |
| 13 | Utica National | $985 |
| 14 | Safeco | $1,003 |
| 15 | Farmers | $1,033 |
| 16 | Westfield | $1,061 |
| 17 | GEICO | $1,100 |
| 18 | Wolverine Mutual | $1,105 |
| 19 | State Auto | $1,131 |
| 20 | Progressive | $1,139 |
| Find Cheaper Rates Go | ||
Travelers generally has some of the lowest car insurance rates in Indianapolis at around $602 a year. USAA, Cincinnati Insurance, Erie, and Western Reserve are also some of the cheapest Indianapolis, IN insurance companies.
As illustrated above, if you are insured with Western Reserve and switched to USAA, you might realize savings of about $171. Indiana drivers with The Hartford could save as much as $188 a year, and Indiana Farmers Mutual customers might reduce rates by $200 a year.
To find the cheapest rates for your vehicle, click here to start your free quote or click several companies below for low rates.
It’s important to note that these estimates are averages across all insureds and vehicles and do not factor in a vehicle location for police officers. So the company that can offer you the best price may not even be in the list above. That points out the importance of why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
How accidents and tickets impact rates
The common sense way to earn low auto insurance rates for law enforcement personnel is to be a cautious driver and avoid accidents and traffic citations. The example below illustrates how speeding tickets and at-fault collisions influence car insurance costs for different ages of insureds. The data is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
In the prior example, the average cost of car insurance in Indianapolis per year with no accidents or violations is $1,328. Factor in two speeding tickets and the average cost rises to $1,752, an increase of $424 each year. Then include two accidents along with the two speeding tickets and the yearly cost of auto insurance for police officers goes up to an average of $3,409. That’s an increase of $2,081, or $173 per month, just for not driving responsibly!
Selecting a highly-rated insurance company can be rather challenging considering how many choices there are in Indianapolis. The company rank data displayed below could help you pick which insurers to look at comparing rates with.
These ratings are only comprised of the companies with a significant amount of written premium nationwide, so companies that have a smaller presence are not taken into consideration for this list. To view rates from these top-rated insurers and more, just click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Liability-only versus full coverage
Lowering the price of auto insurance is important to the majority of vehicle owners, and one common way to buy cheap insurance for police officers is to only buy liability insurance. The chart below shows the difference between annual premium costs with full physical damage coverage compared to only buying liability only. The information is based on no accidents or driving violations, $1,000 deductibles, single status, and no other discounts are factored in.
Averaged for all ages 20 through 70, comp and collision coverage costs $1,184 per year more than just buying liability insurance. That touches on the question if paying for full coverage is worth it. There is no set guideline to stop paying for full coverage, but there is a broad guideline. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
How to find budget-friendly insurance for police officers
Lowering your rates is not difficult, and here are some of the better thrifty solutions that can help Indianapolis drivers find cheaper coverage.
- Buy safe vehicles
- Good credit can save money
- Avoid accidents and claims
- Higher comprehensive and collision coverage deductibles will save money
- Serious violations like DUI or reckless driving can increase rates dramatically
- Do not waste money insuring older vehicles for full coverage
- Shop around once a year for cheaper rates
That last tip is incredibly valuable, as was discussed in this write-up. Coverage prices can change considerably based on profitability, so don’t be unwilling to switch carriers if a better rate can be found. Many drivers prefer to stick with one company, but it’s not a good idea if that inflexibility results in costing you thousands of dollars over several years. In just a few minutes you could shop around to find cheaper insurance for police officers in Indianapolis.
The Indianapolis, IN, insurance agents below can help you decide which auto insurance policy fits you best, since many consumers aren’t sure which coverage to buy and prefer to have a professional recommendation when trying to find lower insurance rates for police officers. It can be difficult to find coverage yourself, and agents can bring peace of mind knowing you have adequate protection in case of an accident or claim.
To locate an Indianapolis insurance agent by location nearest to you, click the button after the list.
A1 Insurance
4030 S Emerson Ave E – Indianapolis, IN 46203 – (317) 787-4995
Jerry Ortner – State Farm Insurance Agent
7424 Rockville Rd – Indianapolis, IN 46214 – (317) 273-0709
Allstate Insurance: Donald Oldham
303 N Alabama St #360 – Indianapolis, IN 46204 – (317) 687-0777
Allstate Insurance: Scott Verbarg
6120 E Thompson Rd Ste B – Indianapolis, IN 46237 – (317) 802-1550