Car Insurance in Indianapolis, IN (June 2023)

How Much Does Car Insurance Cost in Indianapolis?

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 rates VS Indiana & the United States Averages

Indianapolis Auto Insurance Premiums by Company

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.

Indianapolis Auto Insurance Premiums by Age Group

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.

Indianapolis Auto Insurance Premiums by Marital Status

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.

Indianapolis Auto Insurance Premiums by Gender

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.

Indianapolis Auto Insurance Premiums by Driving Record

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.

Indianapolis Auto Insurance Premiums by Credit Rating

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.

What Would Increase Your Car Insurance Rate in Indianapolis?

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.

Auto theft statistics in Indianapolis

The Indianapolis car theft rate for 2021 was 567 per 100,000 population, a 0.9% increase from 2020.

Accidents Statistics in Indianapolis

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.

Useful Info For Driving In Indianapolis

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:

• At all times, drivers and passengers must wear a seatbelt.
• If you are traveling with children under the age of eight, they must be adequately restrained in a safety seat.
• Driving in dense fog with zero visibility is not permitted. If you must drive in dense fog with limited visibility, turn on both your headlights and emergency lights.
• On a turn lane, you cannot overtake cyclists.
• If the police pull you over, you must immediately turn on your interior light.

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:

• Parking should not be done within 20 feet of a crosswalk at an intersection.
• Parking is not permitted within 15 feet of a fire hydrant.
• Parking is not permitted within 30 feet of a beacon, flashing stop sign, or traffic signal.
• Parking should not be done within 30 feet of a safety zone.
• Parking is not permitted within 50 feet of a railway crossing.

Car Insurance Companies in Indianapolis

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.