Indianapolis, IN Car Insurance
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 2023, 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, 34% 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|
The cheapest car insurance companies in Indianapolis
Buckeye Insurance Group is the cheapest at $74 per month or $444 for a six-month policy.
In second place is USAA, which costs $85 per month.
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.
Are you paying too much for auto insurance?
Indianapolis car insurance rates by company
According to our data for 2023, 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
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.
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
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
- 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.
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 (580-679)" credit score. In 2023, GEICO is the cheapest option for Indianapolis drivers for this credit range.
Cheapest car insurance companies for bad credit in Indianapolis, IN
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 $171 per month. The cheapest insurance company in Indianapolis after an at-fault accident is Buckeye Insurance Group.
The best way to keep your car insurance rates low is by keeping a clean driving record. All violations result in rate increases, but some have more of an impact than others, like speeding, accidents, and DUIs/DWIs. These citations will stay on your record and affect your premium for three to five years, depending on the severity.
Cheapest car insurance companies after an at-fault accident in Indianapolis, IN
Indianapolis car insurance rates by violation
Below you can see how much different violations and claims will increase your rate in Indianapolis.
Car insurance rate increases after violations and citations in Indianapolis, IN
|Accident/Violation||Avg. 6 Mo. Premium||% Rate Increase||$ Rate Increase|
|One Med/PIP claim||$701||0%||$2|
|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|
|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|
|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|
|Operating a vehicle without permission||$1,109||59%||$410|
|Refusal to submit to a chemical test||$1,352||93%||$653|
|Driving with a suspended license||$1,389||99%||$690|
|Leaving scene of an accident/hit and run||$1,409||102%||$710|
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.
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.
Expensive Indianapolis ZIP codes: 46218, 46201, 46205, 46222, 46208
Cheap Indianapolis ZIP codes: 46280, 46290, 46259, 46234, 46231
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. 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.
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.
Cheapest car insurance companies for bundling home and auto insurance in Indianapolis, IN
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!
Frequently asked questions
Which company gives the cheapest car insurance in Indianapolis?
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.
What car insurance is required in Indianapolis?
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.
How much is full coverage insurance in Indianapolis, Indiana?
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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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.