In Indianapolis, car insurance costs an average of $1299 per year. This is more expensive than the Indiana average ($1179) but less expensive than the national average of $1557. Continue reading to determine how much you can expect to pay in Indianapolis based on your marital status, age, credit score, and other factors.
|Indianapolis (annual average)||Indiana (annual average)||the United States|
Car insurance quotes in Indianapolis can vary significantly between companies, making it critical to compare quotes thoroughly and choose your insurer wisely. Erie has the most affordable premiums in Indianapolis for the average driver, and see the list below for the most affordable auto insurance options in Indianapolis. Remember to get car insurance quotes based on your driving history.
|Car insurance company||Average Annual Rate|
|Indiana Farm Bureau||$1401|
Drivers in their 60s don't pay much more ($1161). When Indianapolis drivers reach their twenties and leave the adolescent age bracket, their insurance premiums drop dramatically.
In Indianapolis, the cost difference between auto insurance rates paid by teenage drivers and their twenties is $2682, the most significant difference between any two age groups.
|Age||Average Annual Rate|
Data show that married drivers file fewer insurance claims and have lower rates than single drivers in most areas. Rates for widowed people are also significantly lower than rates for single people, and insurance rates for widowed people in Indianapolis are lower than for single people.
|Marital status||Average Annual Rate|
A driver's gender will influence the car insurance rates they pay in some cases. In Indianapolis, married drivers pay $69 less for car insurance than single drivers.
Keep your driving record clean if you want to keep your car insurance costs low. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents can all increase insurance rates.
DUI and reckless driving are two of the most expensive citations to receive. Compared to the citywide average, Indianapolis drivers convicted of reckless driving face an increase in insurance rates of $604 per year. A DUI conviction can result in a $538 rate increase, while a speeding ticket can increase a $359 rate.
|Driving Violation||Increased rate|
Credit is a vital insurance rating factor. Drivers with a poor credit history typically pay more for car insurance than those with good credit. Drivers in Indianapolis who raise their credit score from "Very Poor" to "Exceptional" can save up to 60% on their auto insurance premiums. Increasing your credit score from "Very Poor" to "Fair" is a great way to save money on car insurance.
|Credit Tier||Annual rate|
Your car insurance rates in Indianapolis are affected by where you live. Aside from your driving history and credit score, where you live is a significant factor in the car insurance rates you'll pay. What's the reason? Crime, theft, and uninsured drivers differ by ZIP code.
So, if you live in a neighborhood where people don't get along, car insurance companies may consider you a high risk to insure, which means your rates may be higher than those of a neighbor down the street. And unfortunately, Indianapolis is no exception.
The Indianapolis car theft rate for 2021 was 567 per 100,000 population, a 0.9% increase from 2020.
According to the most recent accident statistics, 9.3 fatal accidents occurred in Indianapolis for every 100,000 people in 2021. One of the most disheartening statistics is the number of pedestrian accidents resulting in fatalities (per 100,000 people) in Indianapolis, nearly the same as the state average.
While Indianapolis's driving laws are similar to neighboring cities, it's essential to be aware of any significant differences to avoid breaking any laws.
Follow these rules without fail:
In large cities like Indianapolis, the speed limits on regular highways vary greatly, dropping to as low as 20 mph in some places. Avoid hefty fines by adhering to these general speed limits.
U-turns are illegal in many cities, but they are permitted in most circumstances in Indianapolis. To make a U-turn, you must have 750 feet of road visibility in both directions, so avoid making a U-turn near bends and steep gradients.
Indianapolis' parking laws are similar to those in the rest of the country. Parking in front of driveways, sidewalks, or railroad crossings is prohibited, and it is also illegal to leave your car unattended on a highway or interstate.
When parking, keep the following distances in mind:
Here is the list of the 50 largest car insurance companies in Indianapolis. This is based on the number of premiums for policies they sold in the state during the period 2019 - 2021.
|State Farm||Celina Insurance|
|Progressive||Alfa Mutual Group|
|Allstate Corp.||The Hanover Insurance Group|
|Indiana Farm Bureau||American Access Casualty Co.|
|Berkshire Hathaway Inc.||Utica National Insurance Group|
|Liberty Mutual||Hastings Mutual Insurance Co.|
|American Family Insurance||CSAA Insurance Exchange|
|Erie Insurance||West Bend Mutual Insurance Co.|
|Auto-Owners Insurance||Auto Club Insurance Association|
|USAA||National General Holdings Corp.|
|Indiana Farmers Mutual Insurance Co.||Grinnell Mutual|
|Nationwide||Central Insurance Companies|
|Travelers||Western National Insurance|
|Safe Auto Insurance Group Inc.||First Acceptance|
|Westfield Insurance||Elephant Insurance Co.|
|The Cincinnati Insurance Cos.||Markel|
|The Hartford||Horace Mann|
|Warrior Invictus Holding Co.||Sentry|
|Western Reserve Group||Producer's National Corp.|
|Pekin Insurance||ACUITY A Mutual Insurance Co.|
|State Auto||Encova Insurance|
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
A valid Indianapolis auto insurance policy must include both bodily injury and property damage liability coverages. Your insurance company's premiums will cover any expenses you owe to injured people in an accident you caused, up to a specific limit (the limit on your policy).
The average cost of car insurance per month in Indianapolis is about $108. This is just an average estimate. The price can be higher or lower depending on various factors.
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