The words “bargain” and “insurance” really shouldn’t be used together, especially when you are shopping around for the best coverage prices for infrequent drivers. To help control this cost, let’s take a look at some things that can significantly affect insurance premiums, and figure out some ways to take the sting out of the next policy you buy.
The make and model of vehicle to be insured is one of the primary factors when quoting low-priced auto insurance for infrequent drivers. Vehicles with limited speed and performance, good crash test ratings, or a track record of few liability claims will cost quite a bit less to insure than high performance models. The next list showcases insurance costs for some of the most economical automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,168 |
| Ford Escape XLS 4WD | $1,176 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,283 |
| Toyota Prius | $1,296 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,310 |
| Toyota Tacoma 2WD | $1,357 |
| Honda Odyssey EX | $1,363 |
| Toyota RAV4 Sport 2WD | $1,384 |
| Hyundai Elantra SE Touring Station Wagon | $1,453 |
| Toyota Camry SE | $1,455 |
| Ford Edge Sport 2WD | $1,460 |
| Ford F-150 STX Super Cab 2WD | $1,475 |
| Jeep Grand Cherokee Limited 4WD | $1,482 |
| Toyota Corolla XRS | $1,492 |
| Honda Accord EX-L 4-Dr Sedan | $1,558 |
| Kia Optima SX | $1,580 |
| GMC Sierra Denali Crew Cab 2WD | $1,588 |
| Toyota Camry Hybrid | $1,580 |
| Dodge Grand Caravan Hero | $1,588 |
| Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD | $1,607 |
| Ford Explorer XLT 2WD | $1,616 |
| Nissan Altima 3.5 SR 2-Dr Coupe | $1,651 |
| Chevrolet Impala LS | $1,664 |
| Start a Quote Go | |
Prices based on 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-policy, safe-driver, claim-free, and multi-vehicle. Price information does not factor in specific location which can change premium rates substantially.
Based on these rates, we can infer that cars like the Honda CR-V, Ford Escape, and Chevrolet Silverado are most likely to be the most affordable vehicles to insure for low mileage drivers.
Locating cost effective car insurance is not easy, and determining which companies have the cheapest car insurance rates for infrequent drivers may require even more shopping around. Each auto insurance company has their own process to set premium rates, so we need to take a look at the most competitive car insurance companies in Indianapolis.
Cheap Insurance Rates in Indiana
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $596 |
| 2 | USAA | $681 |
| 3 | Cincinnati Insurance | $684 |
| 4 | Erie | $705 |
| 5 | Western Reserve | $838 |
| 6 | Indiana Farmers Mutual | $875 |
| 7 | Auto-Owners | $888 |
| 8 | The Hartford | $889 |
| 9 | Nationwide | $940 |
| 10 | Utica National | $956 |
| 11 | State Farm | $957 |
| 12 | Motorists Mutual | $966 |
| 13 | Hastings Mutual | $973 |
| 14 | Safeco | $983 |
| 15 | Farmers | $1,022 |
| 16 | Wolverine Mutual | $1,072 |
| 17 | GEICO | $1,089 |
| 18 | Westfield | $1,105 |
| 19 | Progressive | $1,106 |
| 20 | State Auto | $1,120 |
| Quote Your Rates Go | ||
Travelers offers some of the best car insurance rates in Indianapolis at around $596 each year. This is $644 less than the average premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve also make the cut as some of the cheaper Indianapolis, IN car insurance companies.
In this example, if you currently buy coverage from Western Reserve and switched to USAA, you might achieve savings of upwards of $157. Insureds with Indiana Farmers Mutual might save as much as $194 a year, and Auto-Owners customers might reduce rates by $207 a year.
It’s important to note that these policy prices are averages for all ages of drivers and types of vehicles and do not factor in a specific zip code for infrequent drivers. So the company that can offer you the best price may not even be in the list above. That is why you need to quote rates from many companies using your own driver information and specific vehicle type.
How to get discounts on Indianapolis auto insurance rates
Insurance providers that offer quotes for infrequent drivers may also provide discounts that could potentially reduce rates by as much as 40% or more if you qualify. A few of the larger companies and some of the premium reductions they offer are:
- American Family offers premium reductions for air bags, TimeAway discount, multi-vehicle, defensive driver, good driver, accident-free, and Steer into Savings.
- State Farm may include discounts for multiple policy, good driver, passive restraint, defensive driving training, and student away at school.
- 21st Century has savings for teen driver, anti-lock brakes, defensive driver, early bird, driver training, and good student.
- Travelers may offer discounts for payment discounts, continuous insurance, good student, IntelliDrive, and home ownership.
- GEICO policyholders can earn discounts including seat belt use, good student, emergency military deployment, anti-theft, defensive driver, multi-policy, and anti-lock brakes.
The information below shows the comparison of auto insurance rates with and without discounts applied to the policy premium. The price estimates are based on a female driver, a clean driving record, no claims, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with accident-free, defensive driving course, anti-theft, multiple policy, passive restraint, and homeowner discounts applied. When these discounts are applied, theaverage amount saved on car insurance for infrequent drivers is 28% or $475.
Illustration showing the impact of accidents and violations
In a perfect world, the best way to get good car insurance prices in Indiana for low mileage drivers is to drive carefully and maintain a clean driving record. The information below highlights how traffic violations and accident claims increase auto insurance rates for each different age category. The premiums are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.
In the example above, the average cost of auto insurance in Indianapolis per year with no accidents or violations is $1,380. Receive one speeding ticket and the average cost rises to $1,582, an increase of $202 each year. Now get two accidents along with the one speeding ticket and the annual cost of car insurance for infrequent drivers goes up to an average of $3,286. That’s an increase of $1,906, or $159 per month, just for not being more responsible behind the wheel!
The diagram below illustrates how your deductible choice can affect insurance prices when quoting cheap insurance for infrequent drivers. The costs are based on a married female driver, comp and collision included, and no discounts are applied.
A 40-year-old driver could pocket $260 a year by increasing from a $100 deductible to a $500 deductible, or save $390 by changing to a $1,000 deductible. Even younger insureds, such as the Age 20 example, have the ability to save up to $638 or more by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is important to have spare funds to allow you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
How to find the cheapest car insurance for infrequent drivers
Below you’ll find some money-saving ideas that can help Indiana drivers quote cheap car insurance.
- Tickets and violations raise rates
- Save money by bundling your home and auto policies
- Buy vehicles with good safety ratings
- Discounts for being claim-free can be substantial
- Do not pay for full coverage on older vehicles
- Prevent price hikes by avoiding at-fault accidents
- Look for cheaper rates once a year by shopping around
That last tip is extremely vital, as was emphasized in this piece. Prices adjust often, so don’t be afraid to buy a policy from a new company if a more affordable rate is found. Having a favorite company is fine, but it isn’t a good idea if that dedication is costing a lot of money. Now is a great time to compare prices to find cheaper car insurance for infrequent drivers in Indianapolis.
If you aren’t clear which coverage you need and would like to get some professional advice when trying to find the best insurance rates for low mileage drivers, the insurance agencies below can most likely help you decide which policy is best. To find an agent near you, click the button after the list or click here to compare price quotes now.
- GEICO Insurance Agent
3837 N High School Rd Suite 10 – Indianapolis, IN 46254 – (317) 216-0932 - Allstate Insurance: Jorge Herrera
2346 S Lynhurst Dr Ste 304 – Indianapolis, IN 46241 – (317) 246-7203 - Dalessandro Agency Inc – Titan Insurance
4918 S Emerson Ave – Indianapolis, IN 46203 – (317) 780-2500 - A1 Insurance
4030 S Emerson Ave E – Indianapolis, IN 46203 – (317) 787-4995