The vehicle model you are insuring is a significant factor when trying to find economical coverage after a speeding ticket. Vehicles with limited top-end speed, excellent safety ratings, or low incidents of liability claims will cost much less to insure than adrenaline junky models. The data below shows auto insurance premiums for a handful of the cheapest automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,594 |
| Honda CR-V EX 4WD | $1,736 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,920 |
| Toyota Prius | $1,929 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,951 |
| Ford Edge SEL AWD | $2,010 |
| Nissan Altima 2.5 4-Dr Sedan | $2,013 |
| Chevrolet Malibu Hybrid | $2,023 |
| Jeep Grand Cherokee SRT-8 4WD | $2,025 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $2,031 |
| Volkswagen Jetta SEL 4-Dr Sedan | $2,025 |
| Toyota RAV4 Sport 4WD | $2,053 |
| Toyota Camry LE | $2,063 |
| Hyundai Elantra Blue 4-Dr Sedan | $2,087 |
| Ford Explorer Limited 2WD | $2,099 |
| Dodge Grand Caravan Crew | $2,104 |
| Ford Focus SES 2-Dr Coupe | $2,120 |
| Honda Accord LX-S 2-Dr Coupe | $2,127 |
| Nissan Rogue S 2WD | $2,151 |
| Chevrolet Impala LTZ | $2,156 |
| Compare Cheap Rates Go | |
Cost estimates assume single male driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, and multi-vehicle. Prices do not factor in specific garaging location which can lower or raise coverage prices noticeably.
Based upon these rates, you can see that models like the Ford Escape, Honda CR-V, and Toyota Tacoma will definitely be a few of the most budget-friendly vehicles to insure after a few driving violations.
Determining which company has the cheapest car insurance rates after a speeding ticket will involve a little more sweat than just comparing a company or two.
Each insurer uses their own calculation to determine premium rates, so we’ll take a look at the most affordable car insurance companies in Indianapolis. We do need to point out that Indianapolis, IN car insurance rates are determined by lots of factors that will increase or decrease the price you pay. Getting older, buying higher coverage limits, or getting a ticket for running a stop sign may generate price changes resulting in some rates now being cheaper than before.
Cheap Insurance Rates with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $602 |
| 2 | Cincinnati Insurance | $664 |
| 3 | USAA | $667 |
| 4 | Erie | $733 |
| 5 | Western Reserve | $838 |
| 6 | Indiana Farmers Mutual | $875 |
| 7 | The Hartford | $881 |
| 8 | Auto-Owners | $888 |
| 9 | Nationwide | $940 |
| 10 | Utica National | $956 |
| 11 | Motorists Mutual | $966 |
| 12 | Hastings Mutual | $983 |
| 13 | State Farm | $997 |
| 14 | Safeco | $1,003 |
| 15 | Farmers | $1,033 |
| 16 | Westfield | $1,072 |
| 17 | Wolverine Mutual | $1,072 |
| 18 | State Auto | $1,098 |
| 19 | GEICO | $1,122 |
| 20 | Progressive | $1,128 |
| Find Your Rate Go | ||
Travelers generally has some of the lowest car insurance rates in Indianapolis at around $602 each year. Cincinnati Insurance, USAA, Erie, and Western Reserve also qualify as some of the cheapest Indianapolis, IN insurance companies.
As the rates illustrate above, if you are insured with Erie and switched to Travelers, you might see yearly savings of about $131. Policyholders with Western Reserve may save as much as $236 a year, and Indiana Farmers Mutual policyholders might reduce prices by as much as $273 a year.
To compare your rates to other Indiana insurance companies, click here to start your free quote or visit any of the companies below.
These premium estimates are averaged across all drivers and vehicles in Indiana and and are not figured with a specific zip code after a speeding ticket. So the auto insurance company that can offer the best rates for your situation may not even be in the top 36 companies shown above. That points out the importance of why you need to get quotes using your own personal information and vehicle type.
One of the many criteria that help determine the annual cost of car insurance is where you choose to live. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower prices.
The table below rates the most costly cities in Indiana after a speeding ticket to buy auto insurance in. Indianapolis comes in at #7 with the annual price of $1,060 for the average insurance policy, which is approximately $88 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gary | $1,388 |
| 2 | Hammond | $1,314 |
| 3 | Merrillville | $1,139 |
| 4 | Portage | $1,104 |
| 5 | Jeffersonville | $1,070 |
| 6 | Terre Haute | $1,067 |
| 7 | Indianapolis | $1,060 |
| 8 | Lawrence | $1,055 |
| 9 | Evansville | $1,055 |
| 10 | New Albany | $1,028 |
| 11 | Anderson | $1,001 |
| 12 | Kokomo | $1,001 |
| 13 | Bloomington | $998 |
| 14 | Elkhart | $995 |
| 15 | Fort Wayne | $985 |
| 16 | Fishers | $983 |
| 17 | Greenwood | $969 |
| 18 | Muncie | $955 |
| 19 | South Bend | $947 |
| 20 | Columbus | $946 |
| Quote Best Rates Go | ||
Rates are approximated as the specific garaging location can affect premium rates substantially.
The example below highlights how deductible selection can affect insurance premiums when searching for cheap insurance after a speeding ticket. The data is based on a married female driver, full coverage, and no additional discounts are factored in.
A 50-year-old driver could cut expenses by $232 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $348 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could shave $566 each year by selecting a higher deductible.
If you do make the decision to raise your deductibles, it will be important to have enough spare savings to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Cost comparison with and without full coverage
Lowering the price of car insurance is important to most people, and one great way to buy cheaper insurance after a speeding ticket is to only pay for liability coverage. The illustration below shows the difference between auto insurance rates with and without full coverage. The rate quotes are based on no accidents or driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied.
As an overall average, physical damage coverage costs $1,577 per year more than carrying just liability coverage. That amount may make you wonder when is the right time to remove full coverage. There isn’t a written rule of when to phase out full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s say your vehicle’s settlement value is $10,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $9,000 after paying your deductible. If you are currently paying more than $900 a year for your policy with full coverage, then you may need to consider dropping full coverage.
How to find the cheapest car insurance after a speeding ticket
Lowering your rates is not difficult, and here are a few money-saving ideas that can help Indiana drivers quote low-cost car insurance.
- Violations like speeding or DUI increase rates
- Maintain a safe distance and avoid accidents
- Buy a safer vehicle
- Good credit can save money
- Higher comprehensive and collision coverage deductibles will save money
- Compare rates often to find the best deal
The last suggestion is extraordinarily important, as we emphasized in this write-up. Prices can be changed at any time, so drivers shouldn’t hesitate to switch to a new company if a better rate can be found.
Brand loyalty is great, but it’s not a good idea if that stubbornness costs you a wad of cash every year. If you have a few minutes, now is a great time to compare rates and find cheaper insurance after a speeding ticket in Indianapolis.
The insurance agencies listed below are a good start to help you determine which auto insurance policy fits you best, as many consumers aren’t sure which coverage to buy and prefer to get help from a professional when trying to find lower insurance rates after a speeding ticket. It can be challenging to find the cheapest auto insurance company, so getting advice from a licensed Indiana insurance agent can give peace of mind knowing you have enough coverage when you need it. To locate an Indianapolis car insurance agency near you, click the button after the list.
- Owens Insurance Agency
N Alabama St #350 – Indianapolis, IN 46204 – (317) 572-8080 - Steffey Hatoway Insurance
8365 Keystone Crossing #202 – Indianapolis, IN 46240 – (317) 334-3743 - McClain Matthews Insurance
6329 Hollister Dr – Indianapolis, IN 46224 – (317) 298-7500