Cheap Indiana Auto Insurance for 2023

Understanding auto insurance in Indiana makes it easier to make sure you are buying the right coverage. We’ve got everything you need to know to buy Indiana auto insurance with confidence right here.

Get started by comparing Indiana auto insurance quotes today. Just enter your ZIP code to get started.

Indiana Auto Insurance Laws And Requirements

Indiana law sets out a minimum amount of coverage to make sure that all drivers are financially responsible in the event of an accident.

In Indiana, the state liability coverage minimums are:

• Bodily Injury Liability Coverage – $25,000 per person
• Bodily Injury Liability Coverage – $50,000 per accident
• Property Damage Liability Coverage – $25,000 per accident

Take a look at how Indiana’s minimum rates compare with surrounding states.

Most drivers purchase additional coverage to prove extra protection. Optional coverage options in Indiana include:

• Comprehensive Coverage
• Collision Coverage
• Rental Reimbursement Coverage
• Loan/Lease Gap Coverage
• Emergency Roadside Assistance Coverage
• Uninsured/Underinsured Motorist Bodily Injury
• Uninsured Motorist Property Damage
• Custom Parts and Equipment Coverage

Finding the right auto insurance plan is like buying a house. Everything has to be exactly the way you want it or it just won’t seem “right.” When purchasing insurance in Indiana, or in any state for that matter, it’s always important to do some research on the insurance providers and understanding how auto insurance works.

Though all providers have to go through the state Department of Insurance before they can sell their services, there is still a chance that you’re not getting exactly what you want. Below are some guidelines to help you with your purchase of auto insurance in the state of Indiana.

For every state, it’s required that there be a minimum insurance requirement for certain coverage in your insurance policy, and Indiana is no exception. Usually, there are two to three areas of liability in which all states require minimum coverage. The state of Indiana requires all motorists to have minimum coverage auto insurance for bodily injury and property damage.

The first type of liability coverage, bodily injury liability, covers medical expenses for the other driver and passengers as result of the accident where you are at fault. In the state of Indiana, the minimum requirement per person is $25,000 and a total of $50,000 per incident for all people injured in the accident.

Secondly, there is property damage liability. Property damage covers damage to the other person’s vehicle and any other property you are responsible for damaging. In Indiana, the minimum requirement for this liability is $10,000. Once again, it is not recommended that you only get enough to meet the minimum requirement. In the event of an accident with serious damage, that amount will be quickly exceeded.

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High-Risk Auto Insurance in Indiana

If you are deemed to be a high-risk driver by the Indiana BMV, you might be required to file either an SR-50 form or an SR-22 form. Both of these documents are used to verify that you have adequate insurance coverage.

These documents, which need to be signed or stamped by your insurer and submitted to the BMV, validate that you are financially responsible enough to be driving on Indiana’s roads. Incidents that could lead to you needing to prove financial responsibility include driving without insurance or driving under the influence (DUI).

Indiana Auto Insurance Premiums

Throughout the United States, the premiums for auto insurance varies greatly, and states often times have insurance rates that cost more or less than the national average rate. Fortunately, Indiana’s average auto insurance rate is $942.39 compared to the national average of $1,439.14.

This rate changes drastically when you go from the outskirts of rural Indiana to the inner city area, however. In the main city and capital of Indianapolis, the average insurance premium is $1,331.37, which is still less than the national average.

Obviously, this rate is much more than the rural rate to account for the higher possibility of auto accidents due to the higher density of people and vehicles.

There are a lot of factors that auto insurance companies take into consideration when determining your rates. Take a look at our overview here.

While many of these factors are simply based on your own driving record, two things that affect even the safest of drivers are age and gender. As with most states, males typically pay higher auto insurance rates than females.

Indiana Auto Insurance Rates by Company

Though the state boasts very cheap auto insurance rates overall, let’s take a look at how rates vary between some of the largest companies.

But which companies are the largest, holding the most market share percentage in the region?

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Driving Statistics In Indiana

Luckily, the numbers of accidents that occur in Indiana have decreased since 2008. Since 2008, there has been a 7.7% decrease in auto accidents, with 189,676 in 2009. The number of fatal accidents has also decreased substantially, with 631 in 2009.

Interestingly enough, more fatal accidents occurred in the rural areas of Indiana, even though it would be more likely that they occur in the metropolitan city of Indianapolis. A total of 68.1% of the fatal accidents in the state of Indiana happened in rural areas, probably as a result of reckless driving on small interstate roads. To learn which highways to be cautious of in Indiana, take a look at our page, Most Dangerous Highways by State, for more information.

Whether you live in a busy city or on a small farm, it is important that you are insured. Here at 4AutoInsuranceQuote.com, we greatly value your privacy. This is why, compared to many other companies, we would never ask for your social security number when calculating an insurance quote. To easily begin your quest to find the best deal on auto insurance and the best auto insurance companies, simply enter your ZIP code at the top of this page to start a quick and easy quoting process.

Auto Insurance Agents in Indiana

Below you will find a list of auto insurance agents in Indiana.

Indiana Auto Insurance Agents

• Get Affordable Fairland, IN Auto Insurance Quotes (#current_year)
• Get Affordable Gary, IN Auto Insurance Quotes (#current_year)
• Get Affordable Granger, IN Auto Insurance Quotes (#current_year)
• Get Affordable Hartford City, IN Auto Insurance Quotes (#current_year)
• Get Affordable Speedway, IN Auto Insurance Quotes (#current_year)
• Get Affordable Wabash, IN Auto Insurance Quotes (#current_year)

Indiana Automobile Insurance Resources

If you need more information, check out the list of official sources below.

• Indiana Department Of Insurance – Official website from the state of Indiana.
• Indiana BMV – Official website of the Indiana bureau of motor vehicles.
• Auto Insurance Guide – Guide from the Indiana department of insurance.
• Indiana Highway Safety Laws – From the governor’s highway safety association website.

Find affordable Indiana auto insurance right here. Enter your ZIP code to compare Indiana auto insurance rates for free.

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