Car insurance costs an average of $94 each month in Fishers. Paying too much? Enter your ZIP to compare rates.
The average car insurance rate in Fishers, Indiana, is $1,139 per year. That's less than the statewide average in Indiana ($1,165) and cheaper than the nationwide average of $1,548. Our guide to Fishers car insurance includes average rates based on age, credit score, driving history, and marital status. Keep reading to find out more.
|Fishers Average (per year)||Indiana Average||National Average|
The best way to save on auto insurance is to compare rates from as many companies as possible, selecting the carrier from which you receive the most affordable quote. In Fishers, Erie provides the most affordable rates for the typical insurance customer. We've listed the best cheap car insurance companies in Fishers below. Use this information as a starting point and make sure to seek out quotes specific to your unique driving profile.
|Insurance Company||Average Rate (annual)|
|Indiana Farm Bureau||$1,138|
The age group that enjoys the lowest auto insurance rates in Fishers are drivers in their 50s, who pay an average of $970 per year. Drivers in their 60s pay marginally higher rates — $1,008 per year.
Teen drivers pay Fishers's most expensive auto insurance rates. When drivers hit their 20s in Fishers and move out of the teenage age bracket, they reduce their premiums substantially. The cost differential between the auto insurance rates paid by teenage drivers and drivers in their 20s in Fishers is $2,154, the largest such difference between any two age groups.
|Age group||Average Yearly Rate|
Marital status and gender are contributing factors to car insurance rates in some cases. In most locations in the US, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Fishers pay $56 less than single drivers for auto insurance.
Gender is another factor that can impact auto insurance costs. The typical male driver in Fishers pays $26 more each year for car insurance than does his female counterpart.
|Marital Status/Gender||Average Yearly Rate|
If you want to keep your car insurance costs down, keep your driving record clean. 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 Fishers, a reckless driving citation results in an average insurance rate increase of $541 per year, compared to the citywide average. For the sake of comparison, a DUI offense results in a $478 increase, and a speeding ticket brings about a $321 rate hike.
|Violation||Average Yearly Rate|
|At-fault Accident (damages less than $1,000)||$1,528|
|At-fault Accident (damages > $2,000)||$1,641|
|Speeding Ticket (16-20 mph over speed limit)||$1,460|
An important insurance rating factor in most states is credit. Drivers with checkered credit histories typically face higher car insurance rates than do drivers with good credit. In fact, Fishers 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 meaningful step toward saving money on auto insurance. In Fishers, improving your credit to "Fair" could help you earn a $428 decrease in yearly insurance premiums.
|Credit Level||Average Rate (annual)|