Indiana Car Insurance
Everything You Need to Know About Auto Insurance in Indiana
Indiana is home to more than 6.8 million Hoosiers, though no one really knows where that word came from. It was popularized by a poem of the 1830s and was used a lot a decade later, but the origins of “Hoosier” remain debatable more than a century after it became Indiana’s nickname.
Indiana is home to the town of Santa Claus, which attracts thousands of tourists every year, as well as more than a half-million “Dear Santa” letters annually. For those looking to explore the outdoors, there’s no shortage of places to visit, including Turkey Run State Park and Indiana Dunes National Lakeshore on Lake Michigan.
One thing that’s certain is this Midwestern state’s dedication to motorsports, with the first Indy 500 race held in 1911. Nicknamed “The Greatest Spectacle in Racing,” the Indy 500 draws more than 250,000 spectators every year.
You may not be driving in the Indy 500, but sometimes just driving around town can feel like a high-speed race. If you’re looking for the best auto policy to keep you and your loved ones safe on the road, InsureOne expert agents can help you find a customized auto insurance plan at a great rate in Indiana.
How Much Does Car Insurance Cost in Indiana?
Indiana drivers are fortunate in having lower average auto insurance premiums than the national average. Indiana drivers pay annual auto premiums of $1,295 for full coverage and $327 for minimum liability insurance.
National averages are $2,014 and $622 for full and minimum coverage, respectively. That means Hoosier State drivers pay $295 to $719 less for auto insurance than drivers in other states.
What Does Full Coverage vs. Minimum Liability Mean?
Full coverage provides state-mandated liability insurance along with collision and comprehensive protection. This increased protection can help you pay for damage repairs to your vehicle if the person that hits you is lacking enough insurance to cover the bill or if you are in a wreck that you cause.
Comprehensive protects you if your car is stolen, vandalized or damaged by a weather event, such as a hailstorm.
Minimum liability coverage only provides the state-required amounts needed to treat injuries and repair property damage if you cause a crash — and that’s it. Many drivers choose to increase their minimum limits so they won’t be caught paying out of pocket if they cause a wreck with a lot of damage and injuries.
Affordable Car Insurance Rates Comparison by Cities in Indiana
For a comparison of the average monthly premiums drivers pay in different cities across the state, check out our breakdown below.
|Full Coverage Insurance
|Liability Insurance Coverage
Our average monthly premiums by city are based on the following methodology: male, age 30, lowest possible legal coverage allowed by Indiana.
How Bundling Your Vehicle and Homeowners Insurance Can Save You Money in Indiana
Whether you live in Fort Wayne or Carmel, you want the best protection from top-rated carriers to make sure your family and finances are covered. It’s always a great bonus when you can save money doing that, as well.
There are several reasons why insurers reward those who bundle two or more policies together. For one thing, it shows loyalty and that you trust your insurance company. For another, it makes it easier for you and them to administer your policies and claims.
So, whether you own a two-story in Hammond or you rent a loft in Lawrenceburg, you can save anywhere from 15% to 25% on your policies by combining them. Now that’s a sweet deal in South Bend – or wherever you hang your hat in Indiana.
At InsureOne, our agents specialize in flexible and customizable plans with A-rated carriers and affordability. Let us do the shopping around for you.
What Types of Auto Discounts Are Available in Indiana?
Even though the important part of buying insurance is making sure you get the best for your situation, there’s nothing wrong with saving a little money in the process. Many insurers offer discounts and almost everybody qualifies for at least one of them.
The biggest discounts are reserved for people who have a perfect driving record, with no claims and no accidents. However, there are many others, including:
- Driving less: If you work from home and don’t drive very much, you may be able to get a discount for driving less than 7,500 miles annually.
- Paying in full: If you tend to pay your premium upfront rather than month to month, you may qualify for a payment decrease.
- Service history: Those who serve in the military or as teachers and first responders will often qualify for savings as a way of saying thanks.
- Good student: Particularly handy if you are insuring a first-time driver. Your student may qualify for a discount with a certain GPA and attendance record.
Driver discounts can help you save money on your coverage, especially if you’re eligible for more than one rate reduction.
Indiana Car Insurance Laws
Like almost every other state, Indiana requires its drivers to carry at least the minimum in liability coverage to help pay for accidents they cause.
Indiana has a 25/50/25 minimum mandatory liability coverage requirement, and drivers must always carry proof of having auto insurance.
What Are the Mandatory Car Insurance Requirements in Indiana?
Basic liability is intended to help drivers come up with the necessary funds to pay for the damages they cause if they are determined to be at fault in an accident. In Indiana, that means to following coverage is mandatory:
- $25,000 to cover bodily injury/death liability of one person involved
- $50,000 to cover bodily injury/death liability for two or more persons are involved
- $25,000 to pay for property damage
Many drivers ask to have higher limits on their policies. This ensures coverage if you cause a crash and the resulting medical bills or vehicle repairs exceed the state-mandated amounts.
What Is the Penalty for Driving Without Insurance in Indiana?
The first time you’re caught driving without proof of insurance, the Indiana DMV will suspend your driver’s license for 90 days or until you show proof of coverage. Depending on the circumstances of your traffic stop, you may need to obtain an SR-22 certificate for three years, which will make your premiums skyrocket.
Repeat offenders also need to file an SR-22 certificate, which they will need to hold for a longer period, typically up to five years. They should also expect to pay fines of $500 to $1,000 and face license suspension of up to a year, which brings a $1,000 reinstatement fee.
What Factors Does Indiana Law Allow in Determining Your Premiums?
Most states regulate their insurance companies as far as the rates they can charge and other factors. One of those is to determine what insurers can use to decide your individual premium. Some states do not allow insurers to consider credit history of their applicants, but Indiana is not one of those.
Some of the factors underwriters can consider are:
- Marital status
- Credit history
- Vehicle type
- Driving record and experience
Insurance That Helps You Prepare for the Future
Auto coverage has added benefits that drivers don’t usually see until they tap into their policies. These benefits include:
- Avoiding huge costs in the future. Monthly payments add up over time. If you cause a crash, all of the coverage you have paid for kicks in, taking care of medical costs and property damage.
- Protecting yourself and others. Auto policies are designed to ensure that everyone involved in a crash can get the medical attention they need by covering the cost of treatment.
- Ensuring crash-related issues are addressed promptly. From covering medical costs and property damage to having your vehicle towed to a repair shop, coverage from a trusted insurer takes care of all of these issues quickly.
- Supplementing medical coverage. Auto policies usually provide added medical coverage that kicks in if you’re injured in a crash. This can include medical expenses that your health insurance doesn’t cover.
Check with our expert agents to find coverage that will help you meet your financial goals while protecting you on the road.
What Is Driving Like in Indiana?
Indiana experiences hot summers and frigid winters. Even though the southern portion of the state receives the most rain annually, droughts tend to occur on occasion. These extremes in weather can pose hazards on the road. Though summer heat may not seem as dangerous as icy roads, high temperatures can cause vehicles to break down, damaging batteries and the tires.
How Many Car Accidents Happen in Indiana?
In 2021, 863 fatal crashes in Indiana resulted in 932 deaths. The following chart shows the number of fatal crashes in various cities across the state that year.
|Fatal Crashes in 2021
Source: U.S. Department of Transportation National Highway Traffic Safety Administration.
How Many Uninsured/Underinsured Motorists Are in Indiana?
Nearly 16% of Indiana drivers aren’t insured. This state ranked number 15 among those with the highest number of uninsured or underinsured motorists in 2019.
Get the Best Car Insurance in Indiana Today
Car insurance is not a one-size-fits-all proposition. At InsureOne, we understand you are looking for solutions that provide the best possible coverage at a reasonable cost. We can help you by doing the research for you and presenting you with several options from top-rated carriers so you can save time – and money.