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How much does car insurance cost in Indianapolis?

Car insurance in Indianapolis costs an average of $699 for a six-month policy or $117 per month on average. In 2022, our data shows Buckeye Insurance Group is the cheapest car insurance company in Indianapolis with rates at $444 for a six-month policy.

Drivers in the capital city pay more than the average for car insurance in Indiana ($631 every six months) but still less than the national average of $742. Still, 35% of our users in Indianapolis believe they are paying too much for their coverage. If you find yourself in the same boat or just need help with your car insurance, read on to learn more about what a fair rate looks like in Indianapolis based on common factors like credit score, coverage level and more.

Car Insurance in Indianapolis vs Indiana Avg. 6 Mo. Premium
Indiana Average $631
Indianapolis Average $699
Updated: 02/03/23.

The cheapest car insurance companies in Indianapolis

1st place medal
1st place: Buckeye Insurance Group

Buckeye Insurance Group is the cheapest at $74 per month or $444 for a six-month policy.

2nd place medal
2nd place: USAA

In second place is USAA, which costs $85 per month.

3rd place medal
3rd place: GEICO

Rounding out the list is GEICO as the third-cheapest insurance company. On average, a GEICO policy in Indianapolis costs $509 per six-month policy.

The Zebra's key takeaways about car insurance in Indianapolis:

  • The average cost of a car insurance policy in Indianapolis is $699 per six-month policy — $117 per month.
  • The cheapest company in Indianapolis is Buckeye Insurance Group ($444).
  • Indianapolis is among the top 20 most expensive cities for car insurance in Indiana.
  • 35% of Zebra customers in Indianapolis stated they used our product because they were paying too much for car insurance with their current provider.

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Indianapolis car insurance rates by company

According to our data for 2022, the cheapest car insurance company for full coverage in Indianapolis is Buckeye Insurance Group, a regional carrier servicing Indiana, Ohio and Kansas. An average policy with Buckeye is $74 per month or $444 per six-month policy, while the second cheapest is USAA at $85 per month or $509 for a six-month policy.

Learn more about top-rated car insurance companies based on The Zebra's Customer Satisfaction Survey.

 

Cheapest car insurance companies in Indianapolis, IN
Company Avg. 6 Mo. Premium
Buckeye Insurance Group $444
USAA $509
GEICO $518
State Farm $616
Farmers $788
Progressive $795
Allstate $1,381
Updated: 02/03/23.

Dynamic auto insurance data methodology

Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.


Shop around for the best rates


The only way to know which company is the cheapest coverage for you is to compare. Our comparison will do the leg work for you. Enter your ZIP code to see rates from Progressive, Allstate, GEICO and Farmers (+ other top companies) to find the best and cheapest car insurance in Indianapolis.

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Average car insurance in Indianapolis by rating factor

Rating factors are the various characteristics of a driver that car insurance companies use to determine rates. Many different rating factors are used by insurers, but some of the most common include age, credit score, and driving history. premiums can vary significantly based on these rating factors, so it's important to understand how they work. Some car insurance companies place a higher priority on certain factors more than others, all are important when it comes time to rate a policy.

Ultimately, the best car insurance company for you could change as you get older or your personal profile changes. This is why it's important to get a quote from time to time to ensure you're still getting the best rates.

Q: I didn't have an accident — Why is my insurance going up?

A: End-of-year earnings (revenue of premiums versus the cost of paying insureds’ claims) is also a major rating factor for how much you will pay for car insurance in Indianapolis. Even if you’ve had no claims with your insurance company, you could still be paying more with a particular insurance company because the price of doing business has increased in Indianapolis.

Auto insurance premiums by age in Indianapolis

While insurance companies can differ in their ranking of rating factors, age is typically the most significant across the board. Because young drivers are viewed as the least experienced on the road, insurance providers assess their risk for accidents as high, resulting in increased premiums. In Indianapolis, the difference in rates paid by teen drivers and drivers in their 20s  is $1,182; the highest such difference of any two age groups.

Unfair as it sounds, we must remember that insurance companies are in the business of risk management. By charging higher rates for teen drivers, they are able to offset the increased cost of paying claims.

Cheapest car insurance companies for teen drivers in Indianapolis, IN
Company Avg. 6 Mo. Premium
USAA $1,335
GEICO $1,429
Buckeye Insurance Group $1,547
State Farm $2,409
Allstate $2,601
Progressive $2,750
Farmers $3,024
Updated: 02/03/23.
Age Bracket Cheapest Companies Avg. 6 Mo. Premium
20s GEICO $618
30s USAA $480
40s USAA $450
50s USAA $426
60s USAA $445
70s Buckeye Insurance Group $473

Zebra Tip: The cheapest companies for Indianapolis drivers between 20-40 are USAA, GEICO and Buckeye Insurance Group


Our data tells us that drivers between the ages of 20-40 make up the bulk of Indianapolis drivers. On average, this group pays $805 every six months. By going with these companies, these groups can potentially save 30%.

Auto insurance premiums for minimum coverage in Indianapolis

The coverages you select in your auto insurance policy have a big impact on your monthly premium. Minimum coverage is the least expensive, but also offers the lowest amount of protection. Our data indicates that 26% of Indianapolis drivers have the state minimum coverage. While this is typically all that's required by law, it can leaves gaps in coverage.

Collision and comprehensive coverage makes your policy more robust, but it comes at a price. Commonly known as "full coverage" insurance when purchased together, each of these requires a deductible. The amount you select for your deductible will have an affect on your rates; the higher the deductible, the lower rates you will experience. 

Other additional coverages worth considering like roadside assistance or uninsured motorist coverage can protect you in an emergency or against uninsured drivers. More coverages will add to your overall premium, but they are still recommended by the experts at The Zebra.

Q: Can I lower my car insurance coverage?

A: Possibly — if your vehicle is paid off.

In an analysis of our data, 47% of drivers in Indianapolis have owned vehicles. If you are not leasing or financing your vehicle, you should consider if dropping comprehensive or collision coverage is right for you. We recommend getting the actual cash value of your vehicle via Kelley Blue Book or another reputable source. The general rule of thumb is if your vehicle is worth less than $4,000, you probably don't need collision coverage. Bear in mind, however, that dropping these coverages means that you will have to pay for any repairs out of your own pocket.

Cheapest car insurance companies for minimum coverage in Indianapolis
Company Avg. 6 Mo. Premium
Buckeye Insurance Group $151
USAA $161
GEICO $169
State Farm $218
Progressive $280
Farmers $312
Allstate $394
Updated: 02/03/23.
Coverage Bucket % of The Zebra Customers
Minimum 26%
Basic 39%
Better 20%
Best 14%
  • Minimum: State liability coverage only
  • Basic: State liability + collision and comprehensive (full) coverage
  • Better: Better liability limits at 50/100/50. Full coverage included with towing and rental car benefits. May include additional personal medical benefits and uninsured/underinsured motorist coverage.
  • Best: Best liability limits at 100/300/50. Full coverage included with better towing and rental car benefits and better personal medical benefits and increased uninsured/underinsured coverage.

Most of our customers in Indianapolis opt for the basic level of coverage, but this may not be the best option for everyone. While we understand state minimum coverage is a budget-friendly solution, it does leave you at risk for damages that exceed your liability limits. Indiana's 25/50/25 liability limits provide coverage for damage you cause up to $25,000 per person in bodily injury, $50,000 per accident in bodily injury and $25,000 for property damage. While this may be sufficient for most standard car accidents, it might not be for bodily injury claims or multi-vehicle accidents.

Learn more about insurance laws in Indiana.

Vehicle Ownership % of The Zebra Customers
Owned 47%
Leased 47%
Financed 5%

Indianapolis car insurance rates by credit score

Credit score is a rating factor in most states, including Indiana. Insurance companies see credit score as an indicator of how likely a driver is to file claims; drivers with lower credit scores are viewed as more likely to file claims, have lapses in coverage or engage in risky driving practices. 

In fact, Indianapolis drivers with poor credit (300-579) pay 98% more than drivers with excellent credit (800-850). Our data tells us most drivers in Indianapolis have an "Average" credit score. In 2022, GEICO is the cheapest option for Indianapolis drivers for this credit range.

car insurance in indianapolis by credit score
Cheapest car insurance companies for bad credit in Indianapolis, IN
Company Avg. 6 Mo. Premium
GEICO $732
USAA $963
Farmers $1,176
Buckeye Insurance Group $1,188
Progressive $1,329
State Farm $1,440
Allstate $1,742
Updated: 02/03/23.

Zebra Tip: If you recently improved your credit score, shop around for car insurance!


In Indianapolis, our data shows drivers with "Fair" credit pay $682 less for car insurance in a year than drivers with "Poor" credit. If you have recently paid off a loan or other credit-improving actions, check your preferred credit monitoring software to see if your recent efforts could save you on your car insurance!

Auto insurance rates with an at-fault accident

Among all types of insurance claims, at-fault accidents and other collisions are the most common. These types of claims can dramatically raise your insurance rates, with an at-fault accident increasing average rates in Indianapolis from $117 to $171 per month. The cheapest insurance company in Indianapolis after an at-fault accident is Buckeye Insurance Group.

The best way to keep your car insurance rates low is by keeping a clean driving record. All violations result in rate increases, but some have more of an impact than others, like speeding, accidents, and DUIs/DWIs. These citations will stay on your record and affect your premium for three to five years, depending on the severity. 

Cheapest car insurance companies after an at-fault accident in Indianapolis, IN
Company Avg. 6 Mo. Premium
Buckeye Insurance Group $579
USAA $736
State Farm $839
GEICO $857
Farmers $1,161
Progressive $1,324
Allstate $2,009
Updated: 02/03/23.

Indianapolis car insurance rates by violation

Below you can see how much different violations and claims will increase your rate in Indianapolis.

Car insurance rate increases after violations and citations in Indianapolis, IN
Accident/Violation Avg. 6 Mo. Premium % Rate Increase $ Rate Increase
None $699 0% $0
One Med/PIP claim $701 0% $2
Not-at-fault accident $739 6% $40
Two Med/PIP claims $747 7% $48
One comp claim $751 7% $52
Two comp claims $798 14% $99
Failure to show documents $826 18% $127
Failure to wear a seat belt $826 18% $127
Driving without lights $843 21% $144
Child safety restraint $843 21% $144
Driving with expired registration $846 21% $147
Cell phone violation $875 25% $176
Speeding 6 - 10 MPH over limit $876 25% $177
Driving too slowly $879 26% $180
Speeding in school zone $879 26% $180
Texting while driving $879 26% $180
Speeding 11 - 15 MPH over limit $882 26% $183
Illegal turn $887 27% $187
Failure to yield $888 27% $189
Following too closely $888 27% $189
Failure to stop at a red light $889 27% $190
Wrong way/wrong lane $890 27% $191
Speeding 16 - 20 MPH over limit $893 28% $194
Improper passing $894 28% $195
At-fault accident - less than $1000 $898 28% $199
Passing school bus $926 33% $227
Speeding 21 - 25 MPH over limit $974 39% $275
In 65 MPH zone $1,010 44% $311
At-fault accident - $1000-$2000 $1,012 45% $313
At-fault accident - greater than $2000 $1,028 47% $329
Open container $1,100 57% $401
Operating a vehicle without permission $1,109 59% $410
Racing $1,346 93% $647
Reckless driving $1,347 93% $648
Refusal to submit to a chemical test $1,352 93% $653
DUI $1,370 96% $670
Driving with a suspended license $1,389 99% $690
Leaving scene of an accident/hit and run $1,409 102% $710
Updated: 02/03/23.

Why is car insurance in Indianapolis so expensive?

According to our data, car insurance in Indianapolis is less expensive than the national average but still more than average for the state of Indiana. However, the state's population density and high cost of repairs contribute to car insurance rates. It's important to note that rates depend on individual factors more than anything, so your car insurance premium may be high because of the demographic you fall in or your driving history. 

Below you'll find a rundown of why car insurance can be so expensive in Indianapolis.

Location

Where you reside in Indianapolis also affects how much you pay for car insurance. While individual factors have a large impact on rates, what neighborhood you live in also affects premium calculations. 

This is because crime, theft and uninsured motorists vary by ZIP code. Some areas of the city are more prone to crime, which makes them riskier for insurance companies. If you live in a high-crime area, you will likely pay more for auto insurance than someone who lives in a safer neighborhood.

Rates by ZIP code

Expensive Indianapolis ZIP codes: 46218, 46201, 46205, 46222, 46208

Cheap Indianapolis ZIP codes: 46280, 46290, 46259, 46234, 46231

Number of drivers

Indianapolis is a large city, and with that comes more than one option for getting around. The city offers a bus system and the downtown area is friendly to bikes and electric scooters. Still, driving a personal vehicle is still the primary form of transportation. The high number of drivers on the road means a higher probability of accident potential. This typically contributes to rising insurance costs. 

According to our data, about 36% of drivers in Indianapolis are not currently insured at the time of the quote process. The Insurance Information Institute states that on average, 15.8% of drivers in Indiana are uninsured[1]. You could be responsible for damages if you find yourself hit by an uninsured driver— you can always protect yourself with uninsured motorist coverage on your insurance policy.

The Zebra's customers in Indianapolis by insured status
Insured Status % of The Zebra Customers
Currently Insured 64%
Not Currently Insured 36%

Zebra Tip: Consider uninsured property damage coverage


In cities or ZIP codes with high rates of uninsured drivers, we recommend carrying uninsured motorist coverage (also called UMPD). This coverage will provide assistance to you if you or your vehicle are damaged by an underinsured or uninsured driver. This coverage typically has a lower deductible and is cheaper than collision. Plus, the rate increase after a UMPD claim can be hundreds of dollars cheaper than a collision claim.


Bundling insurance policies in Indianapolis

One of the best ways to save on your insurance policy is by checking out discounts offered by your provider. Most commonly, insurance companies offer a mutli-policy discount, allowing policyholders to save if they choose to insure two or more policies with the same company. Many applicants consider bundling home and car insurance in order to qualify for this discount. 

If you currently have or need a policy to protect your home, it's well worth your time to bundle that policy with your auto provider. Or, shop around for both policies with a new insurance carrier to see if you can earn a discount.

bundling home and auto insurance in indianapolis
Cheapest car insurance companies for bundling home and auto insurance in Indianapolis, IN
Company Avg. 6 Mo. Premium
Buckeye Insurance Group $399
USAA $485
GEICO $488
State Farm $503
Farmers $607
Progressive $697
Allstate $1,172
Updated: 02/03/23.

While some things may be out of your control, drivers can work to make their profiles more appealing to insurers. The best advice we offer is to shop around and compare auto insurance quotes with as many companies as possible to ensure you're getting the most affordable rate that doesn't compromise coverage and service — especially if any personal factors have changed (like moving, celebrating a birthday and improving your credit). Try as you might, some companies are just more expensive than others; don't be afraid to switch.

Find the best rates for both auto and home insurance in minutes!

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Frequently asked questions

Buckeye Insurance Group is the cheapest car insurance company available to drivers in Indianapolis. Buckeye is a regional company, only serving drivers in Indianapolis, Ohio and Kansas. An average auto insurance policy with Buckeye is $444 for six months.

In Indiana, residents are required to carry at least the minimum liability coverage: $25,000 per person bodily injury, $50,000 per accident bodily injury, and $25,000 per accident property damage coverage.

In Indianapolis, full coverage car insurance costs an average of $699 every six-months, according to our data. This number can fluctuate based on your driving profile.


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How much is car insurance near me? — explore more cities near Indianapolis, IN


Recently answered questions about car insurance in Indianapolis from real Zebra customers

Car insurance near me in Indianapolis

Does roadside assistance help with keys locked in a car?

While I cannot speak for the actual details of your policy, GEICO's roadside assistance does provide lockout services up to $100. Meaning, they would reimbursement you after-the-fact for your claim.
Jan 16, 2018 Indianapolis, Indiana

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.