You have most likely seen the catchy commercials from companies like Liberty Mutual and State Farm guaranteeing the cheapest rates. So drivers just need to pick the company with the catchiest ad, right?
It’s just not that simple, as there are a whole bunch of unknown elements like if you have a coverage lapse, when you were born, and if you are married. In this article, we will cover these factors and others that can influence the price of auto insurance and also should give you some help in finding cheaper rates.
Deciding which insurers offer the most affordable insurance rates for good drivers will involve a bit more work than just getting one or two price quotes. Every auto insurer uses a different method to set policy rates, so to begin we’ll rank the insurance companies with the overall cheapest rates in Indianapolis, IN.
Find Cheaper Car Insurance for Good Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $596 |
| 2 | USAA | $667 |
| 3 | Cincinnati Insurance | $678 |
| 4 | Erie | $712 |
| 5 | The Hartford | $863 |
| 6 | Western Reserve | $872 |
| 7 | Indiana Farmers Mutual | $875 |
| 8 | Auto-Owners | $888 |
| 9 | Nationwide | $940 |
| 10 | Motorists Mutual | $956 |
| 11 | Hastings Mutual | $973 |
| 12 | State Farm | $987 |
| 13 | Utica National | $995 |
| 14 | Safeco | $1,013 |
| 15 | Farmers | $1,064 |
| 16 | State Auto | $1,098 |
| 17 | GEICO | $1,100 |
| 18 | Westfield | $1,105 |
| 19 | Wolverine Mutual | $1,105 |
| 20 | Progressive | $1,128 |
| Find Your Rate Go | ||
Travelers has some of the most affordable car insurance rates in Indianapolis at around $596 each year. This is $644 less than the average policy premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and The Hartford would also make the list of some of the best Indianapolis, IN car insurance companies.
In this example, if you have coverage with Erie and switched to USAA, you may realize an annual savings of roughly $45. Indiana drivers with The Hartford may save as much as $196 a year, and Western Reserve policyholders might realize rate reductions of up to $205 a year.
These premium estimates are averaged for all types of drivers and the different vehicles they drive and and are not figured with a specific location for good drivers. 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 illustrates why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
The vehicle model you are seeking coverage for is probably the largest consideration when quoting cheap coverage for good drivers. Vehicles with higher performance, a lack of modern safety features, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models.
The next list showcases coverage rates for some of the most affordable vehicles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra SE Touring Station Wagon | $1,288 |
| Ford Explorer XLT 4WD | $1,328 |
| Honda Accord LX-P 4-Dr Sedan | $1,337 |
| Honda CR-V EX-L 2WD | $1,374 |
| Chevrolet Impala LS | $1,377 |
| Toyota Tacoma Double Cab 4WD | $1,404 |
| Toyota Prius | $1,440 |
| Ford Escape Limited 4WD | $1,448 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,502 |
| Kia Optima LX | $1,507 |
| GMC Sierra SLE Crew Cab 2WD | $1,507 |
| Chevrolet Equinox LT 2WD | $1,536 |
| Toyota RAV4 Limited 4WD | $1,542 |
| Dodge Grand Caravan Hero | $1,536 |
| Honda Odyssey EX | $1,546 |
| Start Your Quote Go | |
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in specific garaging location which can revise premium rates considerably.
Looking at the data, we can conclude that models like the Hyundai Elantra, Ford Explorer, Honda Accord, Honda CR-V, and Chevrolet Impala will be a few of the most budget-friendly vehicles to insure for safe drivers.
Choosing the highest-rated company can be difficult considering how many choices you have in Indiana. The company rank data below could help you choose which coverage providers you want to consider to insure your vehicles.
These ratings are only made up of companies with a nationwide focus, so companies that only write business in Indiana or surrounding areas are not taken into consideration for this list. If you wish to compare prices from these and other top-rated companies, just click here.
Top 10 Major Auto Insurers Overall in Indianapolis
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Top 10 Major Auto Insurers in Indianapolis Ranked by Customer Service
- Nationwide
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Travelers
- Liberty Mutual
- GEICO
- Erie Insurance
- Allstate
Get discount Indianapolis auto insurance rates
Auto insurance companies that sell policies for good drivers may additionally offer discounts that could lower prices by 25% or more if you are eligible for them. Larger insurance companies and their offered discounts include:
- State Farm has discounts for good driver, passive restraint, accident-free, good student, Drive Safe & Save, Steer Clear safe driver discount, and safe vehicle.
- Esurance includes discounts for paid-in-full, online quote, anti-lock brakes, multi-policy, and Pac-12 alumni.
- Progressive policyholders can earn discounts including multi-policy, multi-vehicle, good student, online signing, online quote discount, homeowner, and continuous coverage.
- Liberty Mutual offers premium reductions for new move discount, newly retired, new graduate, exclusive group savings, and preferred payment discount.
- Auto-Owners Insurance offers discounts for safe vehicle, safe driver, air bags, paperless, and anti-theft.
- GEICO may offer discounts for air bags, multi-vehicle, daytime running lights, good student, anti-lock brakes, and driver training.
The illustration below visualizes the comparison of car insurance costs with and without policy discounts. The premiums are based on a female driver, no claims or driving violations, Indiana state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with vehicle safety, multiple vehicle, marriage, defensive driving course, passive restraint, and multiple policy discounts applied. When discounts are applied, theaverage yearly reduction on insurance for good drivers is 27% or $419.
The importance of shopping around
Indianapolis, IN insurance rates are calculated based on many things that may substantially change the policy premium. Improving your credit rating, moving across town, or getting a ticket for careless driving can trigger rate changes resulting in some companies being cheaper in comparison to the competition.
Not only may your situation change, but companies file new Indiana auto insurance rates without warning to adjust for gains or losses. Unexpectedly high claims may cause increased policy costs, while a profitable period may produce cheaper Indianapolis car insurance rates.
As an example, the chart below compares the cheapest car insurance in Indianapolis, IN for a 45-year-old female driver with no prior accidents, a clean driving record, and great credit. If we estimate prices based on her personal profile, Travelers may have the lowest car insurance rates in Indianapolis at $739 per year. This is $501 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are also included in the best Indianapolis, IN auto insurance companies.
Now we will pretend the driver from the first example an at-fault accident, slightly worse credit, and a few traffic violations. Because each company has a unique formula for establishing rates, analyzing rates could result in a significantly different list of affordable Indianapolis car insurance companies as shown below.
The Hartford now has the cheapest car insurance in Indianapolis with USAA, Auto-Owners, Nationwide, and Utica National also having competitive pricing. This illustrates why Indiana drivers need to shop around with many companies to find the most economical insurance quotes for good drivers. Insurance rates consist of many factors and can change substantially, so the most economical option when you bought your policy may now be one of the higher cost companies.
Ideas for buying the cheapest auto insurance for good drivers
Below you’ll find some of the better thrifty ideas that can help Indianapolis drivers locate cheaper car insurance.
- Full coverage is expensive so only insure older vehicles for liability only
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Increase your comprehensive and collision deductibles
- Having at-fault accidents will increase rates
- Try paying for small claims out-of-pocket
- Shop around once a year for cheaper rates
The last idea is especially crucial, as was affirmed in this write-up. Car insurance prices change frequently, so don’t be tentative to switch to a new company if you can find a cheaper rate.
Brand loyalty is not necessarily bad, but is isn’t recommended if it’s costing you money that could be going to better use. Now is a great time to compare prices to find cheaper car insurance for good drivers in Indianapolis.