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Car insurance quick facts
In at fault states, the driver who caused the accident pays for damages.
Company | Direct premiums written (billions) | Market share |
---|---|---|
State Farm | $874,341 | 22.2% |
Progressive | $479,144 | 12.2% |
Allstate | $303,137 | 7.7% |
Indiana Farm Bureau | $286,088 | 7.3% |
Berkshire Hathaway | $261,114 | 6.6% |
Liberty Mutual | $199,415 | 5.1% |
American Family | $180,095 | 4.6% |
Erie | $154,917 | 3.9% |
Auto-Owners Insurance Co. | $108,614 | 2.8% |
USAA | $108,601 | 2.8% |
Car insurance costs vary by state, city and ZIP code. Indiana sits slightly below the average cost for car insurance nationwide at around $93 a month or $1,112 a year. This is lower than the national average of $118 a month or $1,410 a year.
Factors that can influence your insurance cost include your driving record, your age and your car. Location-based factors can come into play as well, like crime rates where you live or work. If you live near a city, you could expect rates to go up too, since accidents are more common in cities than in rural areas.
Company | Average annual rate | Learn more |
---|---|---|
Progressive | $214 | Get a quote Read review |
State Farm | $219 | Get a quote |
Cincinnati | $268 | |
Indiana Farmers | $405 | |
Geico | $616 | |
USAA | $633 | Get a quote Read review |
American National | $725 | |
Farmers | $771 | Get a quote |
Grange | $756 | |
Western Reserve | $846 |
Of Indiana’s largest cities, Carmel has the cheapest rates and New Albany has the most expensive car insurance rates. New Albany drivers could face rates 2 times more than Carmel drivers.
Company | Annual car insurance rate |
---|---|
Allstate | $1602 |
Farmers | $1781 |
Safeauto | $1878 |
Progressive | $1313 |
Geico | $1785 |
Company | Annual car insurance rate |
---|---|
Allstate | $1763 |
Farmers | $1648 |
Safeauto | $1925 |
Progressive | $1522 |
Geico | $1602 |
Company | Annual car insurance rate |
---|---|
Allstate | $1520 |
Farmers | $1561 |
Safeauto | $1781 |
Progressive | $1240 |
Geico | $1606 |
Company | Annual car insurance rate |
---|---|
Allstate | $1598 |
Farmers | $1729 |
Safeauto | $2122 |
Progressive | $1390 |
Geico | $1689 |
Company | Annual car insurance rate |
---|---|
Allstate | $1423 |
Farmers | $1539 |
Safeauto | $1626 |
Progressive | $1222 |
Geico | $1519 |
In order to legally drive in Indiana, you’ll need minimum liability insurance, including:
When shopping for car insurance, you’ll sometimes see this written as 25/50/10.
When it comes to uninsured motorists coverage — which protects you in the event of an accident with someone who doesn’t have insurance — Indiana is an opt-out state. That means that Indiana insurance companies are required to offer you UIM insurance, but you can sign a waiver to opt out of carrying it.
You might need an SR-22 in Indiana if you’ve gotten a DUI, lost your license or have too many violation points on your driving record. SR-22 tells the state you have the minimum coverage required to get back behind the wheel.
How to file an SR-22 in Indiana
Compare car insurance companies near you.
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Carrying auto insurance protects you, your family and fellow drivers. Research your insurance options to make sure that you’re receiving the coverage that you need — and that your state requires.
As always, to get the best coverage possible at a great rate, we recommend comparing your options and shopping around. To learn more about car insurance in general, from discounts to regulations, visit our comprehensive car insurance guide.
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