Find Car Insurance in Indianapolis, Indiana

What You Should Know About Car Insurance in Indianapolis, IN

Sports fever runs high in Indianapolis. The INDY 500, INDYCAR Grand Prix, and Brickyard 400 are just some of the Indianapolis Motor Speedway races that make the city synonymous with racing. Professional local sports teams include the Colts (NFL), Pacers (NBA), Fever (WNBA), and Indy Eleven (USL soccer).

The NCAA’s headquarters is in Indianapolis, and the organization hosts the annual Big Ten Conference football championship game at Lucas Oil Stadium, where the Colts play their home games. All of these and more local attractions draw nearly 30 million visitors each year to the town, generating billions of dollars in revenue and creating tens of thousands of jobs for area residents.

The capital of Indiana has almost 900,000 residents and serves as the economic hub of the region, with many commuters traveling to work in the city. The streets of Indianapolis are always hopping. People driving to and from work, attending music festivals, enjoying fine dining, and engaging in constant activity during the day, combined with a vibrant nightlife in the evening, make for busy roadways.

With so much going on in town, you need to make sure your car policy gives you adequate protection for a city this busy. Talk to an expert InsureOne agent for help with finding the best auto insurance at the best price in Indiana.

How Much Does Car Insurance Cost in Indianapolis, Indiana?

Although car insurance in Indiana is well below the national average regardless of where you live, your exact city — and even your zip code — will affect your rate. Generally speaking, a full coverage policy in the state will cost you an average of $1,295, and a minimum liability policy will be about $327. The U.S. average for full coverage is approximately $2,014, while the minimum liability average is $622.

What Does Full Coverage vs. Minimum Liability Mean?

If you are wondering why minimum liability is so affordable, it is because of the level of coverage you get. Such a policy only covers you for property loss or bodily harm you cause in an accident. It does not help you pay for damages to your own vehicle.

If this concerns you, your best bet would be to obtain a full coverage policy. With this type of auto protection, your insurer would pay to repair or replace your car, even when you cause an accident. Furthermore, it protects you from almost every type of loss to your vehicle, including theft, natural disasters, and even a kid throwing a fastball through your window and then running off before you can confront them.

Affordable Car Insurance Rates Comparison by Cities in Indianapolis

The following chart compares rates in Indianapolis with those in other cities in the area. As you can see, the difference in cost for a full coverage policy can easily be above 10% depending on which city you live in.

City	Full Coverage Insurance	Liability Insurance Coverage
Indianapolis	$121	$36
Beech Grove	$111	$35
Clermont	$107	$34
Lawrence	$113	$35
Speedway	$114	$35

How Bundling Your Car and Homeowners Insurance Can Save You Money in Indianapolis

Much like getting a better price for buying in bulk at a supermarket, if you get multiple policies — such as homeowners insurance and car insurance — from the same carrier, you will get a reduced rate. Known as “bundling policies,” this process can save you between 5% and 25% on your premiums and simplifies signing up, managing, and paying for multiple policies, since you have all your accounts with one company.

When you bundle your home and auto insurance, your InsureOne expert will comparison-shop all your policies with multiple top-tier insurers and compare the cost of each policy and the bundling discount each insurer offers. When they have completed their research, your agent will deliver a package of policies with coverage that matches your preferences at the best prices available.

What Types of Car Insurance Discounts Are Available in Indianapolis?

Even in Indiana, where policies are relatively affordable, policyholders often take advantage of discounts insurers offer to lower their insurance premiums. Ask your agent about these and the many other discounts you might be able to use:

• Student discount
• Low-mileage discount
• Usage-based discount
• Good driver discount
• Retention discount

Notable Car Insurance Laws in Indianapolis

Even large cities like Indianapolis do not typically institute their own insurance regulations. Instead, they rely on state statutes that govern the minimum levels of coverage insurers must offer and other such rules. The following are some of Indiana’s insurance requirements.

What Are the Mandatory Car Insurance Requirements in Indianapolis?

Most state governments throughout the country require drivers to obtain at least some type of coverage. In Indiana, every policy must include at least these levels of insurance to be able to operate a vehicle on a public road:

• $25,000 liability coverage for bodily injury per person
• $50,000 liability coverage for bodily injury per accident
• $25,000 liability coverage for property damage

What Is the Penalty for Driving Without Insurance in Indianapolis?

Indiana is pretty tough on uninsured drivers. Your license and registration may be suspended if you are caught driving without a policy even once. After the suspension period, you will need to file an SR-22 with the state for the next 180 days to get your license and registration reinstated. You will also have to pay the following fees:

• $250 for a first suspension
• $500 for a second suspension
• $1,000 for a third suspension

What Factors Go into My Car Insurance Cost in Indianapolis?

Providers have their work cut out for them. They need to determine the likelihood of each policyholder filing a claim and the cost to the company of those claims. In doing so, they comb through many details about the insured, their vehicle, and their location. These are just a few of the factors they review:

• Claims history
• Mileage
• Driving record
• Driving experience
• Type of vehicle

Typical Driving Conditions in Indianapolis

Indianapolis is always a bustling city with lots of cars on the roads. A couple of hours before rush hour, the traffic gets really heavy, and it stays congested for a while. The city has many events that draw crowds, during which the roads are bumper-to-bumper, even during off-peak hours.

Some of the issues are due to ongoing road and infrastructure work aimed at improving traffic flow. Once complete, new patterns and wider roadways should reduce congestion.

How Many Car Accidents Happen in Indianapolis Per Year?

Based on 2023 statistics for Marion County, the following are the total number of accidents that occurred in Indianapolis and other towns in the area:

City	Total Crashes
Indianapolis	30,017
Beech Grove	290
Clermont	12
Lawrence	1,009
Speedway	686

How Many Uninsured/Underinsured Motorists Are in Indianapolis?

Uninsured and underinsured motorists are a financial hazard to others on the road. If they are at fault for an accident and do not have the money to pay for damages they cause, the other driver might not have a way to recover their losses. According to the Insurance Information Institute, 14% of drivers in Indiana were uninsured in 2023. Given the significant number, it is worth considering obtaining uninsured/underinsured motorist coverage, in case such a driver crashes into your vehicle.