How much does car insurance cost in Carmel?
Car insurance costs an average of $1,103 per year in Carmel. That's less than the Indiana average ($1,165) and less expensive than the nationwide average of $1,548. Our guide to Carmel car insurance includes average rates based on age, credit score, driving history, and marital status. Keep reading to learn more.
CAR INSURANCE RATES IN CARMEL
| Carmel Average (per year) | Indiana Average | National Average |
| $1,103 | $1,165 | $1,548 |
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Carmel auto insurance rates by company
Getting quotes from many different companies is the best way to find good coverage at a price that fits your budget. For a typical insurance customer, Erie provides Carmel's cheapest rates. Reference below the top options for affordable insurance in Carmel. Don't forget to get car insurance quotes based on your unique driving profile.
CARMEL CAR INSURANCE RATES BY COMPANY
| Insurer | Average Annual Rate |
| Erie | $744 |
| State Farm | $870 |
| AAA | $943 |
| Progressive | $1,098 |
| Indiana Farm Bureau | $1,138 |
Consult our expert guide to finding the best cheap car insurance.
Carmel car insurance premiums by age
The age bracket that pays the least for auto insurance in Carmel consists of drivers in their 50s, who pay an average of $941. Rates for Carmel drivers in their 60s are also relatively affordable, at just $976 per year.
Teenage drivers pay Carmel's most expensive insurance rates. One of the easiest ways to lower your car insurance rates as a driver in Carmel is to age out of your teenage years. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Carmel is $2,063, the largest such difference between any two age brackets.
CAR INSURANCE RATES BY AGE TIER IN CARMEL
| Age | Average Annual Rate |
| Teenagers | $3,516 |
| 20s | $1,453 |
| 30s | $1,068 |
| 40s | $1,011 |
| 50s | $941 |
| 60s | $976 |
| 70s | $1,194 |
Find out more about how age can change car insurance costs.
Carmel car insurance rates by marital status and gender
Marital status and gender are contributing factors to car insurance rates in some cases. In most places, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Carmel pay $54 less than single drivers for auto insurance.
Gender is another factor that can affect auto insurance rates. In Carmel, the gap in car insurance costs between genders is $25 per year, with male drivers paying more than female drivers.
CARMEL CAR INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
| Gender/Marital Status | Average Yearly Rate |
| Female | $1,078 |
| Male | $1,103 |
| Single | $1,103 |
| Married | $1,049 |
| Divorced | $1,103 |
| Widowed | $1,101 |
Discover more about how gender and marital status have on insurance rates.
Carmel auto insurance costs by accident and citation history
No matter where you live, steering clear of accidents and violations is the best way to keep your auto insurance rates at a minimum. Speeding citations, reckless driving charges, DUIs and DWIs, and at-fault accidents all tend to bring about rate increases.
Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Carmel, a reckless driving citation results in an average insurance rate increase of $525 per year, compared to the citywide average. For the sake of comparison, a DUI offense results in a $469 increase, and a speeding ticket brings about a $309 rate hike.
CARMEL CAR INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
| Violation | Average Yearly Rate |
| DWI/DUI | $1,572 |
| Reckless Driving | $1,628 |
| At-fault Accident (damages less than $1,000) | $1,467 |
| At-fault Accident (damages greater than $2,000) | $1,580 |
| Speeding Ticket (16-20 mph over speed limit) | $1,412 |
Learn more about the impact of driving violations on car insurance rates.
Carmel car insurance rates by credit score
Credit score is often closely related to car insurance costs. In fact, Carmel drivers who build their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) earn a 55% decrease in car insurance rates. Moving from "Very Poor" to "Fair" credit is a great way to bring down the cost of your auto insurance. In Carmel, improving your credit to "Fair" could help you earn $417 in savings on insurance premiums each year.
CARMEL AUTO INSURANCE RATES BY CREDIT LEVEL
| Credit Tier | Average Yearly Rate |
| Very Poor | $2,130 |
| Fair | $1,713 |
| Good | $1,410 |
| Very Good | $1,162 |
| Exceptional | $955 |
Get more information on how credit impacts car insurance costs.
