Get free quote in-app

(400K+)

Our Insurance Partners

nationwide
travellers
mapfre
safeco
kemper
national-general
foremost
dairyland
pronto
bristolwest
hippo
assuranceameric
anchor
still-water
bridger
alinsco
commonwealth
suncoast
aspire

Key Takeaways

  • The average auto insurance cost at Carmel is $1115, which is less than the national average of $1557.
  • The lowest auto insurance rates are paid by drivers in their 50s which average around $953.
  • The most expensive driving infractions in Carmel are DUI and reckless driving.
  • Some of the major factors which affect the cost of car insurance in Carmel are age, gender, driving score, marital status, and more.

How Much does car insurance cost in Carmel?

Carmel residents pay $1,115 annually on average for auto insurance. That is less expensive than both the Indiana average ($1,117) and the national average ($1,557).

Auto Insurance Cost by Company in Carmel

Finding quality coverage at a cost that meets your budget can best be accomplished by requesting quotations from numerous organizations. Erie offers the most affordable prices in Carmel for the average insurance consumer. Refer to the best insurance deals in Carmel listed below. Get auto insurance rates based on your particular driving history, don't forget.

Insurance Provider Average Annual Premium
Erie $756
State Farm $882
AAA $955
Progressive $1110
Indian Farm Bureau $1150

See what you could save on auto insurance

Auto Insurance Cost by Age in Carmel

Drivers in their 50s spend an average of $953 for auto insurance, making them the age group that pays the least in Carmel. At just $988 a year, rates for Carmel drivers in their 60s are also rather reasonable.

The most expensive insurance rates in Carmel are for teen drivers. Growing older as a driver in Carmel is one of the simplest methods to reduce your auto insurance costs. The price difference in Carmel between drivers in their 20s and those who are still in their teens for auto insurance is $2,075, making it the biggest gap between any two age groups.

Age Group Average Annual Premium
Teens $3528
20s $1465
30s $1080
40s $1023
50s $953
60s $988
70s $1206

Auto Insurance Cost by Marital Status in Carmel

In some circumstances, characteristics like marital status and gender affect how much vehicle insurance costs. Because they are more prone to file claims, single drivers typically pay more than married drivers. In Carmel, married drivers' auto insurance costs are $54 less than single drivers.

Marital Status Average Annual Premium
Single $1115
Married $1061
Divorced $1115
Widowed $1113

Auto Insurance Cost by Gender in Carmel

Another element that may impact auto insurance premiums is gender. The difference in annual vehicle insurance premiums between men and women in Carmel is $25. Male drivers pay more.

Gender Average Annual Premium
Male $1115
Female $1090

Auto Insurance Cost by Driving Violation in Carmel

No matter where you live, the easiest method to keep your vehicle insurance premiums as low as possible is to avoid collisions and moving offenses. At-fault incidents, DUIs and DWIs, reckless driving tickets, and speeding tickets all frequently result in rate increases.

DUI and reckless driving are two of the most expensive traffic infractions from an insurance standpoint. When compared to the citywide average, an insurance rate increase for reckless driving in Carmel is $525 annually. For comparison purposes, a DUI conviction leads to a $469 rise and a speeding citation results in a $309 premium increase.

Violation Average Annual Premium
DUI/ DWI $1584
Reckless driving $1640
At-fault accident (damage less than $1000) $1479
At-fault accident (damage greater than $2000) $1592
Speeding ticket $1424

Auto Insurance Cost by Credit Score in Carmel

Costs of auto insurance are frequently directly correlated with the credit score. Carmel drivers actually experience a 55 percent reduction in auto insurance costs when they raise their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850).

Increasing your credit score from "Very Poor" to "Fair" will significantly reduce the cost of your auto insurance. In Carmel, raising your credit score to "Fair" might result in yearly insurance premium savings of $417.

Credit Score Average Annual Premium
Very poor $2142
Fair $1712
Good $1422
Very Good $1174
Exceptional $967

What would increase your car insurance rate in Carmel?

No matter where you live, the easiest method to keep your vehicle insurance premiums as low as possible is to avoid collisions and moving offenses. At-fault incidents, DUIs and DWIs, reckless driving tickets, and speeding tickets all frequently result in rate increases.

Carmel Auto Theft and Accident Statistics

The table below denotes Auto Thefts per 1000s each year.

Year Auto Thefts Per 1000s
2006 6
2007 11
2008 2
2009 3
2010 1
2011 0
2012 3
2013 3
2014 3
2015 7
2016 7
2017 1
2018 3
2019 2

See what you could save on auto insurance

Auto Insurance in Carmel: Minimum Insurance Requirements in Indiana

Liability Coverage
Bodily Injury Liability $25,000 per person and $50,000 per accident
Property Damage Liability $10,000 per incident
Uninsured Motorist Bodily Injury $50,000 per person

Tips for safe driving in Carmel

  • Massachusetts has lower speed limits than several other states. Along with the posted speed limits, you should be aware of school zones, where the speed limit is 20 mph when kids are around. In areas where there are road construction projects, you should also slow down.
  • The external lights of your car are your first line of defense against anything blocking your route of travel if you're a nighttime driver. Maintaining your car's external lights should be a top priority if you want to drive safely at night.
  • Headlights (including high beams), taillights, turn signals, reverse lights, and hazards are examples of exterior car lighting. If your automobile has any, it's crucial to make sure the fog lights are constantly in working order.
  • Getting travel insurance for a location with such a wide range of harsh weather is a smart idea.
  • In the winter, you'll need layers that are warm. The summers will be hot and muggy, but not as awful as in the southern regions. Bring a jacket and a few sweaters because spring and fall will likely be pleasant but could occasionally become extremely chilly or abnormally warm.
  • Even in this wealthy city, there were just 39 robberies in 2020, continuing a declining trend that began in 2013.

Best Car Insurance Companies in Carmel

Some of the best car insurance companies in Carmel are as follows:

  • Erie
  • State Farm
  • AAA
  • Progressive
  • Indiana Farm Bureau

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

FAQ

How to get the cheapest car insurance in Carmel?

You might discover affordable coverage in Carmel, Indiana, by comparing vehicle insurance prices. You can find cheap auto insurance in Carmel using the Way.com App. Log in, provide your information, and a professional will get in touch with you.

How much is car insurance monthly in Carmel?

Carmel residents pay $91 monthly on average for auto insurance.

Learn more by city and state for car insurance



Learn more by city and state for car insurance




Digital Insurance Card

Access your digital insurance card through the app. You no longer need to carry your physical insurance card with you.

Get reminders & quotes

Receive reminders before your renewal. Way.com will also send new quotes from up to 45 insurance companies with your renewal reminder.

Share with family

Keep everyone on your policy up to date by sharing your insurance information.

Manage your policy

Make changes to your policy right from the app (coming soon) and ask for expert advice.

Get the App:

Find the best Auto insurance rates on-the-go

For the best user experience, please download our Way app.

Please Enter A Valid Mobile Number!
Text Sent, Please download!

or