Writing this article would sure be easy if we could just tell you the one car insurance company that has the cheapest policy rates in Indiana. Unfortunately, it’s not that simple as there are a whole bunch of unknown elements like if you have a lapse in coverage, when you were born, and how much you actually drive in a year, that all influence how much you pay for auto insurance. We will try to teach you about the different scenarios that increase car insurance cost and will hopefully give the reader a good beginning to your search for cheaper coverage.
One of the many considerations that are looked at to determine the amount you pay each year for auto insurance is where your car is garaged. Areas with a lot of weather claims or more people tend to pay slightly more, whereas areas with less people or fewer weather incidents benefit from lower prices.
The table below rates the highest-priced areas in Indiana for teenage females to purchase car insurance in. Indianapolis is ranked at #7 having an annual price of $1,082 for car insurance, which is about $90 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Gary | $1,347 |
| 2 | Hammond | $1,275 |
| 3 | Merrillville | $1,139 |
| 4 | Portage | $1,137 |
| 5 | Lawrence | $1,099 |
| 6 | Evansville | $1,087 |
| 7 | Indianapolis | $1,082 |
| 8 | Terre Haute | $1,067 |
| 9 | Kokomo | $1,041 |
| 10 | Anderson | $1,041 |
| 11 | New Albany | $1,039 |
| 12 | Jeffersonville | $1,038 |
| 13 | Bloomington | $998 |
| 14 | Elkhart | $995 |
| 15 | South Bend | $985 |
| 16 | Fishers | $983 |
| 17 | Columbus | $975 |
| 18 | Mishawaka | $974 |
| 19 | Richmond | $973 |
| 20 | Greenwood | $960 |
| Find Cheaper Rates Go | ||
Annual rates are approximated as the specific Indianapolis residence address can change coverage prices significantly.
Buying cost effective auto insurance is challenging, and deciding which insurers offer the cheapest auto insurance rates for teenage females takes more quotes for comparison.
Each auto insurance company has a unique approach for establishing rates, so we need to take a look at the most competitive auto insurance companies in Indianapolis.
Find Cheaper Auto Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $602 |
| 2 | USAA | $681 |
| 3 | Cincinnati Insurance | $684 |
| 4 | Erie | $705 |
| 5 | Western Reserve | $846 |
| 6 | Indiana Farmers Mutual | $849 |
| 7 | The Hartford | $881 |
| 8 | Auto-Owners | $915 |
| 9 | Nationwide | $930 |
| 10 | State Farm | $967 |
| 11 | Safeco | $973 |
| 12 | Hastings Mutual | $983 |
| 13 | Utica National | $985 |
| 14 | Motorists Mutual | $986 |
| 15 | Farmers | $1,053 |
| 16 | Westfield | $1,072 |
| 17 | Wolverine Mutual | $1,072 |
| 18 | State Auto | $1,087 |
| 19 | GEICO | $1,100 |
| 20 | Progressive | $1,128 |
| Compare Rates Now Go | ||
Travelers offers some of the cheapest car insurance rates in Indianapolis at around $602 each year. This is $638 less than the average premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve also are some of the lowest-priced Indianapolis, IN car insurance companies.
As illustrated above, if you have coverage with Erie and switched to Travelers, you may see a yearly price reduction of roughly $103. Policyholders with Western Reserve could save as much as $244 a year, and Indiana Farmers Mutual customers might cut rates by $247 a year.
To see how much you can save, click here to start your custom quote or click through to the companies below.
It’s important to note that these policy rates are averages for all drivers and vehicles in Indiana and do not take into consideration an exact location for teenage females. So the car insurance company that can offer the best rates for your situation may not even be in the top 36 companies in the list above. That affirms the importance of why you need to get car insurance quotes using your own personal information and vehicle type.
The type of vehicle requiring insurance is a large factor that determines the availability of affordable insurance for teenage females. Vehicles with lower performance, an excellent safety record, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models.
The information below showcases coverage premiums for a number of the most economical automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $4,470 |
| Honda CR-V LX 2WD | $4,477 |
| Toyota Prius | $4,821 |
| Dodge Grand Caravan CV | $5,033 |
| Chevrolet Equinox LT AWD | $5,305 |
| Toyota RAV4 Limited 4WD | $5,310 |
| Jeep Grand Cherokee Laredo 2WD | $5,305 |
| Chevrolet Malibu LT | $5,344 |
| Ford Explorer Limited AWD | $5,353 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $5,344 |
| Ford F-150 SVT Raptor Super Cab 4WD | $5,349 |
| Hyundai Elantra Blue 4-Dr Sedan | $5,536 |
| Ford Focus SES 4-Dr Sedan | $5,542 |
| Get a Custom Quote Go | |
Premium data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in Indianapolis, IN location which can affect prices significantly.
Based on these rates, we can expect models like the Ford Escape, Honda CR-V, and Toyota Prius should be the cheaper vehicles to insure for teen girls. The cost of a car insurance policy will be higher anyway because of the fact that there is more risk for teenage females, but overall those models will have the cheapest car insurance rates compared to all other vehicles.
The information below illustrates how choosing a deductible can affect annual premium costs when searching for cheap insurance for teenage females. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
A 40-year-old driver could cut expenses by $230 a year by changing from a $100 deductible up to a $500 deductible, or save $348 by using a $1,000 deductible. Youthful drivers, like the age 20 example, could save $756 or even more just by choosing higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it is essential to have enough savings to be able to cover the extra out-of-pocket expense that is associated with using high deductibles.
Buying coverage from the right insurance provider can be rather challenging considering how many choices drivers have in Indiana. The ranking information below could help you decide which auto insurers you want to consider to insure your vehicles. These ratings are only comprised of large insurance companies, so companies that may only write in Indiana are not included in this list.
Top 10 Major Auto Insurers in Indianapolis Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- GEICO
- AAA Insurance
- Safeco Insurance
- Esurance
- The General
Top 10 Major Auto Insurers in Indianapolis Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
How careless driving impacts auto insurance rates
The easiest method to get affordable auto insurance premiums for teen girls is to be a cautious driver and not have accidents or get tickets. The information below illustrates how traffic citations and at-fault accidents can drive up auto insurance costs for different age groups. The premiums assume a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.
The data above shows the average cost of auto insurance in Indiana per year with no accidents or violations is $1,133. Receive one speeding ticket and the average cost surges to $1,302, an increase of $168 each year. Now add in two accidents along with the one speeding ticket and the annual cost of auto insurance for teenage females jumps again to an average of $2,817. That’s an increase of $1,683, or $140 per month, just for being a careless driver!
The benefits of price comparisons
Indiana auto insurance rates are influenced by many factors which can substantially change the policy price. Simply improving your credit, getting divorced, or getting a reckless driving citation can cause premium changes that can now make some companies more affordable than the competition. Additionally, insurers file new Indiana auto insurance rates without warning to adjust for heavy claims or excess profits. Larger than normal claims can cause more expensive premiums, while profitable underwriting may cause cheaper Indianapolis car insurance rates.
For instance, the graph below shows which companies have the cheapest car insurance in Indianapolis, IN for a 35-year-old female driver with no accidents or violations, and great credit. When quoting prices based on her current situation, Travelers has the best car insurance rates in Indianapolis at $746 a year. This is $494 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are the rest of the cheapest Indianapolis, IN auto insurance companies.
Now let’s give the driver in the first example a couple of claims, slightly worse credit, and a few blemishes on her driving record. Due to the fact that every insurance company uses their own method to set policy rates, comparing quotes could result in a slightly different list of cheap Indianapolis auto insurance companies as shown below.
Western Reserve now has the lowest price in Indianapolis, IN with Cincinnati Insurance, Auto-Owners, State Farm, and Nationwide now being in the top five. This example shows why drivers need to perform a complete rate comparison to get the most economical insurance rates for teenage females.
Insurance prices consist of many factors and can increase or decrease at any time, so the cheapest company the last time you shopped around may now cost much more than other companies.