Are Auto Insurance Premiums Going Up or Down in Indiana?

Many drivers are aware from personal experience that car insurance rates tend to increase each year. But there's a lot that goes into pricing auto insurance policies — and not every region experiences the same rate trends.

A client's location is one of the rating factors insurance companies use to set premiums. The ZIP code, city, and state within which a car is stored and driven are weighed when setting auto insurance prices, which comes down state statutes and the differing levels of risk associated with insuring cars in various areas of the country.

Because auto insurance pricing depends on a number of factors, yearly price trends vary by state. Car insurance prices might be on their way up each year in one state but decreasing one state over.

See below trending auto insurance rates in Indiana. If you're paying too much, consider shopping around to find a better rate. The Zebra's car insurance comparison engine gathers quotes based on your specific profile — enter your ZIP below to get started.

Auto insurance rate trends in Indiana

In Indiana, average yearly car insurance premiums went up by $39 in the past year. The typical driver in Indiana now pays an average premium of $1,150 per year.

The recent trend in Indiana leans toward pricier car insurance rates. From 2015 to 2018, rates grew more expensive by an average of $185 per year. Meanwhile, insurance prices across the nation as a whole have jumped in the past few years, increasing from $1,280 in 2015 to $1,470 in 2018.

Year Avg. Annual Premium — Indiana Yearly Change — Indiana Avg. Annual Premium — USA Yearly Change — USA
2018 $1,150 $39 $1,470 $32
2017 $1,111 $92 $1,437 $69
2016 $1,019 $54 $1,368 $88
2015 $965 $58 $1,280 $51
2014 $907 $33 $1,229 $34
2013 $874 $67 $1,195 -$80
2012 $807 -$116 $1,276 $82

If your rate trends vary from those above, consider shopping around to find a better deal.

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How are car insurance rates changing in major cities in Indiana?

Car insurance policies are priced at a granular geographic level with myriad variables influencing the area's rates. That means drivers can see major differences in their car insurance rates, based solely on their ZIP code or city. For example, Indianapolis drivers experienced a larger premium increase (3.5%) than did drivers in Fort Wayne (3.5%) between 2018 and 2017.

See below annual rate changes in major Indiana municipalities. If your location is experiencing ongoing rate hikes, consider shopping for a cheaper policy.

City Avg. Rate Increase — 2018 vs. 2017
Indianapolis 3.5%
Fort Wayne 3.5%
South Bend 3.2%
Evansville 3.1%
Hammond 1.9%

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Ross MartinManager, Content Quality

As a licensed insurance agent, Ross researches and writes insurance content intended to help users make informed decisions.

Ross's background is in writing and education. He holds a master's degree from Royal Holloway, University of London.

Ross's work has been cited by The New York Times, Investopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance