Finding temporary auto insurance can be a challenge. Find out how to get short-term coverage the right way with our guide — straight from an expert.
If you're looking for some flexibility with your car insurance in Indiana, you could be interested in a short-term car insurance policy. But short-term car insurance agreements are rare for a few reasons.
Many major insurance underwriters don’t draw up contracts shorter than six months. Since auto coverage is a legal requirement in most US states, changing policies by the month can be a risky proposition. You also run the risk of having gaps in your auto insurance record by changing policies often, resulting in higher rates in the long run.
There's some good news: car insurance policies usually last for only six months. This relatively brief duration allows insurance companies to frequently “re-rate” — or recalculate — your premium based on your updated driving record and demographic info.
It also serves as the perfect opportunity for you to reevaluate your insurance and shopping a new insurer. Retrieving rates online is free, and there isn't a penalty for moving between insurers between policies — or even in the middle of your policy term, as long as you don't let your insurance lapse.
The flexible nature of car insurance makes it relatively easy to purchase on short notice. If you need an insurance policy to drive your new car off the lot, looking for insurance for a relatively long-term car rental or seeking coverage for a vehicle you don't own but do drive regularly, think about purchasing a policy and ending the term as needed.
See below normal car insurance premiums in Indiana, ordered by popular companies and major cities. If you’re paying substantially more than the rates listed below, consider shopping around.
|Insurance Company||Average 6-Month Rate||Average Monthly Rate|
|Indiana State Average — All Companies||$582||$97|
The most budget-friendly option for single-month auto insurance in Indiana is Pekin Insurance, with whom you can save $4 per month, compared to the second-cheapest option, USAA. In Indiana, the average monthly cost of car insurance is $97, or $582 over a six-month contract.
Where you store your car can have as large an influence on your car insurance premiums as your choice of insurance company. Car insurance companies take into account the frequency of claims in a given area when drafting prices by ZIP code. Take a look at insurance prices in Indiana's most populous cities and compare against what you pay.
|Location||Average 6-Month Rate||Average Monthly Rate|
Because so many factors are involved in setting insurance rates, your quotes may not match those displayed above. If your current rates don’t align with those listed above, weigh your options. The temporary timetable of an auto insurance policy adds to the importance of staying informed and ready to shop.
Learn more about temporary auto insurance or use our search function to compare policies today.