The words “bargain” and “auto insurance” really don’t belong together, in particular when shopping around for the best price on coverage for welfare recipients. Because it’s so expensive, let’s lead off by showing you a few of the factors that can significantly affect auto insurance rates, and figure out some ways to slash the price of your next policy.
Figuring out which company offers the best car insurance rates for welfare recipients may require a little more effort than just comparing a company or two. Each auto insurer has their own process to establish rates, so we need to take a look at the car insurance companies with the most affordable rates in Indianapolis, IN.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $614 |
| 2 | USAA | $667 |
| 3 | Cincinnati Insurance | $684 |
| 4 | Erie | $712 |
| 5 | Western Reserve | $846 |
| 6 | Indiana Farmers Mutual | $849 |
| 7 | The Hartford | $889 |
| 8 | Auto-Owners | $915 |
| 9 | Nationwide | $958 |
| 10 | Hastings Mutual | $973 |
| 11 | Safeco | $983 |
| 12 | Utica National | $985 |
| 13 | Motorists Mutual | $996 |
| 14 | State Farm | $997 |
| 15 | Farmers | $1,033 |
| 16 | Westfield | $1,094 |
| 17 | State Auto | $1,098 |
| 18 | GEICO | $1,100 |
| 19 | Wolverine Mutual | $1,105 |
| 20 | Progressive | $1,106 |
| Compare Rates Now Go | ||
Travelers normally has some of the lowest car insurance rates in Indianapolis at around $614 a year. USAA, Cincinnati Insurance, Erie, and Western Reserve also qualify as some of the cheapest Indianapolis, IN insurance companies.
As shown in the rates above, if you are a customer of USAA and switched to Travelers, you might realize an annual savings of roughly $53. Insureds with Cincinnati Insurance may save as much as $70 a year, and Erie customers might realize rate reductions of up to $98 a year.
To find cheaper insurance rates for your vehicle, click here to get a free quote or click several companies below for low rates.
It’s important to note that these premiums are averages for all ages of drivers and types of vehicles and do not take into consideration a specific vehicle garaging location for welfare recipients. So the insurer that is best suited for you may not even be in the list above. That points out the importance of why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
For drivers on welfare, one of the more important things that determine insurance cost is where you live in Indianapolis. More populated areas tend to have higher auto insurance costs, whereas less populated areas receive better rates.
The information below rates the most expensive areas in Indiana for welfare recipients to buy auto insurance in. Indianapolis comes in at #9 having an annual price of $1,050 for the average policy, which is approximately $88 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,401 |
| 2 | Hammond | $1,275 |
| 3 | Merrillville | $1,139 |
| 4 | Portage | $1,137 |
| 5 | Lawrence | $1,099 |
| 6 | Terre Haute | $1,077 |
| 7 | Jeffersonville | $1,070 |
| 8 | Evansville | $1,055 |
| 9 | Indianapolis | $1,050 |
| 10 | New Albany | $1,039 |
| 11 | Kokomo | $1,031 |
| 12 | Anderson | $1,031 |
| 13 | Fishers | $983 |
| 14 | Columbus | $975 |
| 15 | Richmond | $973 |
| 16 | Elkhart | $965 |
| 17 | Muncie | $965 |
| 18 | Bloomington | $958 |
| 19 | Fort Wayne | $947 |
| 20 | South Bend | $947 |
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Premium costs are estimated as zip code location can alter rates noticeably.
The vehicle requiring insurance is one of the largest considerations that determines whether or not you find the most economical insurance for welfare recipients. Vehicles with lower acceleration and performance, good safety features, or a positive history of liability claims will cost much less to insure than fast, unsafe models. The data below features coverage rates for a handful of the cheaper vehicles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,094 |
| Honda Accord EX-L 4-Dr Sedan | $1,189 |
| Hyundai Elantra GLS Touring Station Wagon | $1,200 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,203 |
| Honda CR-V EX-L 2WD | $1,229 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,231 |
| Chevrolet Equinox LS AWD | $1,297 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,321 |
| Toyota Prius | $1,335 |
| Toyota Corolla LE | $1,368 |
| Honda Odyssey EX | $1,389 |
| Ford Focus S 4-Dr Sedan | $1,397 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,392 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,400 |
| GMC Sierra SL Extended Cab 2WD | $1,417 |
| Toyota RAV4 Limited 4WD | $1,424 |
| Dodge Grand Caravan SXT | $1,446 |
| Chevrolet Impala LT | $1,458 |
| Chevrolet Malibu LS | $1,464 |
| Jeep Grand Cherokee Laredo 2WD | $1,458 |
| Compare Rates Now 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, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in your specific Indianapolis, IN location which can revise auto insurance rates greatly.
Based upon the table data, makes and models like the Ford Escape, Honda Accord, and Hyundai Elantra will definitely be a few of the less-costly vehicles to insure for drivers on welfare.
Get discounts on Indianapolis insurance rates
Insurance companies that offer cheap quotes for welfare recipients may also offer rate discounts that could potentially reduce rates by 30% or more if you meet eligibility requirements. The best car insurance companies and a summarized list of policyholder discounts are outlined below.
- Progressive may include discounts for homeowner, multi-vehicle, online quote discount, online signing, multi-policy, and continuous coverage.
- Farmers Insurance includes discounts for mature driver, switch companies, business and professional, good student, electronic funds transfer, multi-car, and alternative fuel.
- Farm Bureau discounts include 55 and retired, driver training, multi-vehicle, good student, multi-policy, safe driver, and youthful driver.
- State Farm may have discounts that include good student, Drive Safe & Save, anti-theft, Steer Clear safe driver discount, accident-free, multiple policy, and multiple autos.
- GEICO offers discounts for anti-theft, multi-policy, federal employee, daytime running lights, and seat belt use.
- SAFECO policyholders can earn discounts including anti-lock brakes, teen safety rewards, teen safe driver, drive less, accident prevention training, and safe driver.
- Liberty Mutual offers premium reductions for new move discount, teen driver discount, good student, newly married, safety features, newly retired, and exclusive group savings.
The example below shows the difference between insurance rates with and without discounts. Data assumes a female driver, no claims or driving violations, Indiana state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with safe-driver, accident-free, passive restraint, marriage, defensive driving course, and multiple policy discounts applied. When these discounts are applied, theaverage yearly reduction on car insurance for welfare recipients is 27% or $466.
Indianapolis car insurance companies
Insuring your vehicle with the top company can be rather challenging considering how many different companies insure vehicles in Indianapolis. The information in the lists below could help you pick which providers to look at when shopping around. The ratings below are for companies that insure vehicles nationwide, so companies with more of a regional focus will not be included in this list.
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 A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Who has the cheapest Indianapolis car insurance?
Indiana car insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay for coverage. Turning one year older, becoming a homeowner, or getting a ticket for careless driving can produce rate changes that can make some companies cheaper than competitors.
Not only may your risk profile change, but insurers change their prices as needed to adjust for heavy claims or excess profits. Higher than normal claim frequency or severity can cause increased policy costs, while lower claims can result in lower-priced Indianapolis car insurance rates.
To help illustrate this point, the data below shows a variety of companies that have the cheapest car insurance in Indianapolis, IN for a 40-year-old female driver with a clear driving record, no claims, and a high credit rating. If we look at prices based on her personal profile, Travelers may have the best car insurance rates in Indianapolis at $724 each year. This is $516 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and The Hartford are also included in the cheapest Indianapolis, IN auto insurance companies.
Let’s now give the driver from the above example a claim or two, bad credit, and a speeding citation. Since each auto insurance company has a proprietary formula to determining premium rates, comparing prices may now result in a completely different list of cheap Indianapolis auto insurance companies as shown below.
Indiana Farmers Mutual now has the cheapest car insurance in Indianapolis, IN with Auto-Owners, Cincinnati Insurance, USAA, and State Farm also being competitive. This example proves why drivers need to compare as many rates as possible to get the best car insurance rates for welfare recipients.
Auto insurance prices are made up of many things and can increase or decrease at any time, so the lowest-price company the last time you shopped around may now cost much more than other companies.
If you like to have some advice when buying car insurance for drivers on welfare, the insurance agencies listed below can provide answers to your questions and help you determine which policy is best.
To find an auto insurance agency by location nearest to you, click the button after the list.
Allstate Insurance: Scott Verbarg
6120 E Thompson Rd Ste B – Indianapolis, IN 46237 – (317) 802-1550
Walker and Associates Insurance
360 Gradle Dr – Carmel, IN 46032 – (317) 848-4400
Leland Brown Sr. – State Farm Insurance Agent
5936 N Keystone Ave #201 – Indianapolis, IN 46220 – (317) 251-1400
Keith Eberg – State Farm Insurance Agent
7550 S Meridian St d – Indianapolis, IN 46217 – (317) 887-1400
View more Indianapolis, IN insurance agencies
How to find more affordable insurance for welfare recipients
The list below details some of the better penny-pinching solutions that can help Indiana drivers find more affordable coverage.
- Clean up your credit rating
- You will pay more if you get tickets or have at-fault accidents
- Maintain a safe distance and avoid accidents
- Safe vehicles generally have lower rates
- Avoid filing small claims
- Check for cheaper rates once a year
The last idea is extremely valuable, as was stressed in this article. Prices charged by companies in Indianapolis vary considerably, so don’t be unwilling to switch to a new company if a cheaper price is available. Loyalty to a specific company is fine, but is isn’t recommended if that inflexibility results in costing you thousands of dollars over several years. If you have a few minutes, now is a great time to compare prices to find cheaper insurance for welfare recipients.