Home Insurance Indiana Cheapest Car Insurance & Minimum Requirements, plus Saving Strategies

Indiana Cheapest Car Insurance & Minimum Requirements, plus Saving Strategies

If you are looking for a more cost-effective premium, the overall cheapest car insurance companies in Indiana are Erie, The Cincinnati, and Progressive.

Depending on your age and location, they can offer quotes from 20% to 34% lower than the median rate for drivers of similar age and profile.

Other carriers you would want to put on your list to get quotes are Utica National, Auto-Owners, and Western Reserve. All three can average from 16% to over 24% lower than the median rate for drivers.

In certain zip codes and age-dependent, Indiana Farmers Mutual can offer than the lowest rate. There are more details below. In this article, I am going to cover the minimum requirements in Indiana, cost-saving strategies for the most savings, and the least expensive insurance companies by price.

If you would like to skip to a certain portion of the article, I have provided a table of contents down a little and to the right.

Additional Options to Forego Liability Coverage

Although this is the state minimum for car insurance, there is another option for the residents of Indiana. You can place $40,000 in a trust or you place the funds on deposit with the Treasurer of the state.

Most drivers cannot afford to place that amount of money on deposit and those which have the funds over ninety-nine percent of the time they get insurance from a reputable firm anyway.

Cheapest Auto Insurance Providers by Rate & Company

Below is a rate table of the least expensive carriers for drivers from 25 to 55 years of age.

The cheapest car insurance companies in Indiana by price are Erie, The Cincinnati, and Progressive. Depending on your location, you can find quotes from 27% to over 35% lower than the median quote for similar age drivers.

Other carriers that offer competitive quotes are Auto-Owners, Western Reserve, and Utica National. Depending on your location, Western Reserve and Utica National can offer the cheapest rates.

All three carriers offer quotes from 16% to nearly 25% cheaper than the average premium for similar age drivers throughout the state.

National carriers that offer substantially lower than average premiums in Indiana are Nationwide and State Farm. Both insurers can offer quotes from 10% to 14% lower than average for young drivers.

And nearly 19% lower for older drivers.

Another company any age of driver should put on their bucket list of quotes is Indiana Farmers Mutual. They have been in business since 1877 and one of the older companies offering coverage in the state.

In local regions, Farmers Mutual offers competitive quotes for all ages of drivers. With quotes from 16% to 30% lower than the “mean” rate for similar profile drivers.

With the list below, you have a blend of regional and national companies to help you find the lowest premium.

Terre Haute derived its name from an expression used by early 18th century French explorers to describe the terrain of the city, which lies on a high flat plain. The name of the city means “high plain”.