Shopping around for affordable insurance is not the easiest thing to accomplish, and deciding which company has the lowest-priced auto insurance rates for active military takes additional perseverance. Each auto insurer has a proprietary formula for setting rates, so first let’s look at the rankings for the auto insurance companies with the overall best prices in Indianapolis, IN.
We do need to point out that Indianapolis, IN auto insurance rates are impacted by many things that will increase or decrease the price you pay for coverage. Things like getting older, increasing deductibles, or having a fender bender can trigger changes in premium resulting in some companies being less affordable than competitors.
Best Car Insurance Prices for Military
Travelers normally has some of the best car insurance rates in Indianapolis at around $596 each year. This is $644 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also are some of the more affordable Indianapolis, IN auto insurance companies.
As the example above demonstrates, if you are a customer of USAA and switched to Travelers, you might achieve savings of approximately $91. Customers with Erie could save as much as $109 a year, and Indiana Farmers Mutual insureds might realize rate reductions of up to $253 a year.
If you want to see how much you could save, click here to begin a quote or click through to the companies below.
Bear in mind that those prices are averages across all drivers and vehicles and are not factoring in a vehicle location for active military. So the auto 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 is why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
One of the many criteria that aid in calculating the annual cost of car insurance is where you choose to live in Indianapolis. Regions with larger populations or more claims are more likely to have higher rates, whereas areas with less crime or weather claims get the luxury of paying less.
The next table ranks the most expensive cities in Indiana for active military to purchase auto insurance in. Indianapolis is listed at #9 having an annual price of $1,050 for the average policy, which is approximately $88 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gary | $1,347 |
| 2 | Hammond | $1,314 |
| 3 | Portage | $1,126 |
| 4 | Merrillville | $1,106 |
| 5 | Lawrence | $1,088 |
| 6 | Evansville | $1,087 |
| 7 | Jeffersonville | $1,070 |
| 8 | Terre Haute | $1,067 |
| 9 | Indianapolis | $1,050 |
| 10 | New Albany | $1,039 |
| 11 | Kokomo | $1,031 |
| 12 | Anderson | $1,001 |
| 13 | Elkhart | $995 |
| 14 | Bloomington | $988 |
| 15 | South Bend | $985 |
| 16 | Columbus | $984 |
| 17 | Fort Wayne | $976 |
| 18 | Greenwood | $969 |
| 19 | Mishawaka | $965 |
| 20 | Muncie | $955 |
| 21 | Fishers | $954 |
| 22 | Noblesville | $948 |
| 23 | Richmond | $935 |
| 24 | Carmel | $929 |
| 25 | Lafayette | $926 |
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Information shown are estimated as specific location information can increase or decrease coverage prices substantially.
The make and model of vehicle you are buying coverage for is probably the largest consideration when comparison shopping for the most economical coverage for active military. Vehicles with lower acceleration and performance, good safety features, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.
The next table outlines auto insurance costs for some of the most cost-effective vehicles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,131 |
| Honda CR-V EX-L 4WD | $1,159 |
| Ford Explorer XLT 4WD | $1,166 |
| Hyundai Elantra GLS Touring Station Wagon | $1,168 |
| Toyota RAV4 Sport 4WD | $1,223 |
| Chevrolet Equinox LT AWD | $1,229 |
| Toyota Prius | $1,257 |
| Dodge Grand Caravan CV | $1,266 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,285 |
| Honda Odyssey EX-L W/Navigation | $1,289 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,294 |
| Nissan Rogue S AWD | $1,308 |
| Jeep Grand Cherokee SRT-8 4WD | $1,312 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $1,318 |
| Volkswagen Jetta 2.0T Station Wagon | $1,331 |
| Chevrolet Malibu LS | $1,340 |
| Ford Edge Limited 2WD | $1,349 |
| Ford Focus SE 4-Dr Sedan | $1,359 |
| Ford F-150 Lariat Super Cab 4WD | $1,365 |
| Chevrolet Impala LT | $1,379 |
| Chevrolet Silverado LT Crew Cab 2WD | $1,397 |
| Hyundai Sonata Limited 4-Dr Sedan | $1,402 |
| Toyota Camry Hybrid | $1,397 |
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rates do not factor in vehicle location which can affect rates substantially.
By looking at the data, you can presume that models like the Ford Escape, Honda CR-V, Ford Explorer, Hyundai Elantra, and Toyota RAV4 should be a few of the less-costly vehicles to insure for military personnel.
Ratings for Indianapolis auto insurance companies
Ending up with a highly-rated auto insurance company can be difficult considering how many different companies there are to choose from in Indianapolis. The information listed below can help you pick which providers you want to consider comparing rates from.
These ratings are only comprised of large insurance companies, so smaller companies that only insure vehicles in Indiana are not taken into consideration for the list. If you’d like to compare prices from the most competitive companies in Indiana, just click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The information below demonstrates how deductible levels can impact insurance costs when getting quotes for cheap insurance for active military. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could lower their policy premium by $230 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $348 by switching to a $1,000 deductible. Young drivers, such as the 20-year-old chart data, can save as much as $756 each year just by using higher deductibles. When choosing a higher deductible, it is important to have enough in a savings account to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Why are you paying too much for car insurance?
Indianapolis auto insurance rates are impacted by many things that may substantially change your annual premium. Improving your credit score, buying a different home, or getting a DUI can trigger price changes that may make certain companies much cheaper than others.
Not only may your situation change, but insurers file new Indiana car insurance rates as needed in order to protect their financial rating. A period of higher than normal claims may cause higher prices, while profitable underwriting can cause lower-cost Indianapolis car insurance rates.
As an example, the data below shows rates for the cheapest car insurance in Indianapolis, IN for a 45-year-old male driver with no accidents, a clean driving record, and excellent credit. When comparing rates based on his current risk profile, Travelers might quote the cheapest car insurance rates in Indianapolis at $682 annually. This is $558 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also on the list of the cheapest Indianapolis, IN auto insurance companies.
Now we will pretend the driver in the first example a chargeable accident, bad credit, and a traffic citation. Since each insurance company has their own unique process to set premium rates, analyzing rates most likely will result in a different ranking of the cheapest companies as shown below.
Auto-Owners now has the cheapest auto insurance in Indianapolis, IN with The Hartford, Cincinnati Insurance, Nationwide, and USAA now being in the top five. This example proves why it is critical to spend some time comparing rates to get the most economical auto insurance rates for active military. Insurance rates are calculated by many different factors and change frequently, so the best price a year ago may now be quite expensive.
If you aren’t sure which coverage you need and prefer to have a consultation when trying to find the best insurance rates for military personnel, the insurance agencies listed below can probably provide answers to your questions and help you determine which policy fits your needs best.
To locate an Indianapolis auto insurance agent in your neighborhood, click the button following the list.
- American Family Insurance – Brian Ciesil
1398 Shadeland Ave Ste 2233 – Indianapolis, IN 46219 – (317) 353-6225 - Tia Walker – State Farm Insurance Agent
2169 Glebe St #100a – Carmel, IN 46032 – (317) 890-1200 - Phil Kunkel – State Farm Insurance Agent
5510 S East St d – Indianapolis, IN 46227 – (317) 783-3127 - Allstate Insurance: Donald Oldham
303 N Alabama St #360 – Indianapolis, IN 46204 – (317) 687-0777 - Walker and Associates Insurance Agency
7364 E Washington St – Indianapolis, IN 46219 – (317) 353-8000