The best way to find low-cost prices for auto insurance rates in Indianapolis is to compare prices once a year from insurers who can sell car insurance in Indiana.
- Step 1: Try to learn a little about how car insurance works and the steps you can take to prevent high rates. Many policy risk factors that result in higher prices like multiple speeding tickets and a not-so-good credit history can be improved by paying attention to minor details.
- Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or State Farm, while agents who are independent can give you price quotes from multiple sources.
- Step 3: Compare the quotes to your existing rates to determine if you can save on Elantra insurance in Indianapolis. If you can save money and decide to switch, ensure there is no coverage lapse between policies.
- Step 4: Provide written notification to your current company of your intention to cancel your current policy. Submit the application along with any required down payment for your new coverage. As soon as coverage is bound, place your new proof of insurance certificate along with the vehicle’s registration papers.
A good piece of advice is that you’ll want to make sure you compare the same coverage limits and deductibles on each quote request and and to compare as many companies as you can. This helps ensure a fair price comparison and plenty of rates choose from.
A recent study showed that almost 70% of insureds renewed their policy with the same company for a minimum of four years, and just under half have never compared quotes from other companies. Indiana insurance shoppers could save almost $700 a year just by shopping around, but they don’t believe the big savings they would realize if they changed companies.
Buying the cheapest auto insurance in Indianapolis is much easier if you have a good place to start. Basically, every person who is required by state law to have auto insurance will find lower prices. Although Indiana drivers do need to understand how big insurance companies market insurance on the web.
Discount Indianapolis insurance rates
Auto insurance companies do not advertise every policy discount very clearly, so we researched some of the best known and the more hidden discounts you could be receiving when you buy Indianapolis auto insurance online. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.
- Driving Data Discount – Policyholders that allow companies to look at driving manner remotely such as State Farm’s In-Drive may get a rate reduction if they are good drivers.
- Pay Early and Save – If you pay your bill all at once instead of making monthly payments you could save 5% or more.
- Good Student Discount – Being a good student can be rewarded with saving of up to 25%. Most companies allow this discount until age 25.
- E-sign – A handful of larger companies provide a small discount for completing your application over the internet.
- Early Renewal Discounts – Some larger companies give discounts for buying a new policy prior to your current Elantra insurance policy expiration. The savings is around 10%.
- Braking Control Discount – Cars with anti-lock braking systems can stop better under adverse conditions and qualify for as much as a 10% discount.
- Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen with less frequency so companies will give you a small discount.
- Low Miles Discount – Low mileage vehicles could earn slightly better insurance rates than normal.
- Discounts for Federal Employees – Federal government employees may reduce rates when you quote Indianapolis auto insurance depending on your insurance provider.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school or through a local driver safety program.
Consumers should know that some of the credits will not apply to the whole policy. A few only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like you can get free auto insurance, you’re out of luck.
The information below shows the comparison of Hyundai Elantra auto insurance costs with and without discounts. The rates are based on a male driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, homeowner, marriage, and safe-driver discounts applied.
Large insurance companies and their offered discounts include:
- Travelers policyholders can earn discounts including payment discounts, continuous insurance, multi-car, IntelliDrive, multi-policy, and good student.
- 21st Century may have discounts that include teen driver, anti-lock brakes, early bird, 55 and older, air bags, theft prevention, and driver training.
- State Farm offers premium reductions for driver’s education, good student, multiple autos, Drive Safe & Save, and student away at school.
- GEICO offers discounts for seat belt use, anti-theft, multi-vehicle, multi-policy, and anti-lock brakes.
- SAFECO has savings for teen safe driver, homeowner, multi-car, drive less, anti-lock brakes, and anti-theft.
- AAA has discounts for good student, AAA membership discount, multi-policy, pay-in-full, and good driver.
Before purchasing a policy, check with every prospective company the best way to save money. A few discounts may not apply in Indianapolis. To view providers who offer free Hyundai Elantra insurance quotes in Indiana, click here to view.
When comparison shopping, more quotes helps locate the best rates.
The companies in the list below can provide price quotes in Indianapolis, IN. If the list has multiple companies, we recommend you get prices from several of them in order to get a fair rate comparison.
Insurance coverage details
The rate table below outlines a range of insurance coverage prices for Hyundai Elantra models. Being more informed about how insurance rates are formulated can assist in making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $210 | $358 | $238 | $14 | $72 | $892 | $74 |
| Elantra Blue 4-Dr Sedan | $210 | $514 | $280 | $16 | $84 | $1,104 | $92 |
| Elantra GLS 4-Dr Sedan | $242 | $514 | $280 | $16 | $84 | $1,136 | $95 |
| Elantra SE 4-Dr Sedan | $242 | $514 | $280 | $16 | $84 | $1,136 | $95 |
| Elantra SE Touring Station Wagon | $242 | $436 | $238 | $14 | $72 | $1,002 | $84 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in Indianapolis location which can alter rates considerably.
The diagram below shows how different deductible levels and can affect Hyundai Elantra yearly insurance costs for different age groups. The rate quotes are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
Driving violations and accidents
The chart below shows how speeding tickets and at-fault collisions drive up Hyundai Elantra annual premium costs for different ages of insureds. The premiums are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
Compare rate quotes but work with a local Indianapolis insurance agency
Some people still prefer to buy from a licensed agent and that can be a smart move One of the best bonuses of getting online price quotes is you can get cheap auto insurance rates and still have a local agent.
To make it easy to find an agent, after completing this short form, the coverage information is emailed to local insurance agents in Indianapolis who will give you quotes for your coverage. It makes it easy because there is no need to find an agent on your own since price quotes are sent to you. You can find lower rates without requiring a lot of work. If you want to get a rate quote from a particular provider, just navigate to their website and give them your coverage information.
Choosing an provider shouldn’t rely on just a cheap price. Here are some questions you should ask.
- Are claims handled at the agent’s location?
- Is coverage determined by price?
- Where would glass claims be handled in Indianapolis?
- Is the quote a firm price?
- Do they specialize in personal lines auto insurance in Indianapolis?
- Does the agency have a current Errors and Omissions policy?
Independent or Exclusive: It’s your choice
If you need to find a local Indianapolis insurance agent, you need to know there are two different agency structures and how they can service your needs differently. Agencies in Indianapolis can be categorized as either independent or exclusive.
Exclusive Insurance Agents
Exclusive agents can usually just insure with one company such as Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot compare other company’s rates so they really need to provide good service. They are very knowledgeable on the products they sell and that allows them to sell at a higher price point. A lot of people choose to use a exclusive agent mostly because of loyalty to the company and the convenience of having a single billing for all their coverages.
Below is a short list of exclusive insurance agencies in Indianapolis that can give you price quote information.
- Jim Crinklaw – State Farm Insurance Agent
9423 Pendleton Pike – Indianapolis, IN 46236 – (317) 897-6129 – View Map - Jerry Ortner – State Farm Insurance Agent
7424 Rockville Rd – Indianapolis, IN 46214 – (317) 273-0709 – View Map - Allstate Insurance: Donald Oldham
303 N Alabama St #360 – Indianapolis, IN 46204 – (317) 687-0777 – View Map
Independent Agencies or Brokers
Independent insurance agents often have many company appointments and that enables them to quote your coverage through lots of different companies and find the cheapest auto insurance rates. If prices rise, they can switch companies in-house which is easy for the insured. When comparing auto insurance prices, you will definitely want to include a few independent agents so that you have a good selection of quotes to compare. Many can place coverage with less well-known companies that can offer cheaper rates than bigger companies.
Shown below is a short list of independent insurance agents in Indianapolis willing to provide price quotes.
- Dalessandro Agency Inc – Titan Insurance
4918 S Emerson Ave – Indianapolis, IN 46203 – (317) 780-2500 – View Map - Skaggs Insurance Agencies Inc
5519 E 82nd St e – Indianapolis, IN 46250 – (317) 841-6000 – View Map - Multiline Insurance Agency
9801 Fall Creek Rd #156 – Indianapolis, IN 46256 – (317) 476-6141 – View Map
Why you need vehicle insurance in Indiana
Despite the high cost of buying insurance for a Hyundai Elantra in Indianapolis, insuring your vehicle serves several important purposes.
- Most states have minimum liability requirements which means you are required to buy a specific level of liability insurance coverage in order to drive the car legally. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Elantra, most lenders will force you to carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may buy a policy for your Hyundai at a much higher premium rate and require you to fork over the higher premium.
- Insurance safeguards not only your car but also your financial assets. It also can pay for all forms of medical expenses incurred in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of having insurance definitely exceed the cost, particularly when you have a large claim. But the average American driver overpays more than $850 per year so compare quotes from several companies once a year at a minimum to help ensure money is not being wasted.
Insurance coverage options for a Hyundai Elantra
Learning about specific coverages of your insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.
Collision coverage – Collision insurance will pay to fix damage to your Elantra resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims such as crashing into a building, damaging your car on a curb, crashing into a ditch and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible on your Elantra in order to get cheaper collision rates.
Liability auto insurance – This coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/10 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $10,000.
Liability insurance covers things such as court costs, repair costs for stationary objects, medical expenses, legal defense fees and attorney fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible. Indiana requires minimum liability limits of 25/50/10 but drivers should carry better liability coverage.
The illustration below shows why buying minimum limits may not be enough.
Comprehensive protection – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like rock chips in glass, damage from a tornado or hurricane, fire damage and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Uninsured or underinsured coverage – This coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Because many people only purchase the least amount of liability that is required (Indiana limits are 25/50/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.
Medical expense coverage – Med pay and PIP coverage provide coverage for immediate expenses for hospital visits, dental work and nursing services. They are used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible
Smart shoppers get results
While you’re price shopping online, do not skimp on coverage in order to save money. In many cases, someone dropped comprehensive coverage or liability limits only to regret that their decision to reduce coverage ended up costing them more. The goal is to buy the best coverage you can find at the lowest possible cost, but do not sacrifice coverage to save money.
Drivers leave their current company for any number of reasons including policy cancellation, being labeled a high risk driver, delays in paying claims or even poor customer service. No matter why you want to switch, choosing a new insurance company can be pretty painless.
We covered many ideas to find affordable Hyundai Elantra insurance in Indianapolis. It’s most important to understand that the more times you quote, the better your chances of lowering your prices. You may even find the best price on auto insurance is with a lesser-known regional company.
Additional auto insurance information is available below:
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Who Has Cheap Indianapolis Auto Insurance for a Company Car? (FAQ)
- Who Has Cheap Car Insurance Rates for a Ford Fusion in Indianapolis? (FAQ)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Car Insurance: When not to Skimp (BankRate.com)