What's the Cost of Car Insurance in Indianapolis?
Indiana is recognized for its inexpensive auto insurance premiums, with a mean rate coming in at a whopping 27% less than the national average. Fortunately, premiums in Indianapolis are relatively low as well. Even though it's mandatory to carry at least minimum liability insurance, your pocketbook will stay in much better shape than in some other states.
Still, it pays to search around when you're looking for an insurance policy for your vehicle. Who doesn't like saving money? Check out some methods of finding cheap car insurance in Indianapolis.
CAR INSURANCE PRICES: INDIANAPOLIS VS. US/STATE AVERAGES
|City Average||State Average||National Average|
Indianapolis Car Insurance by Marital Status and Gender
There are several factors, including gender and marital status, that can have an effect on how an insurance company calculates car insurance premiums in Indianapolis. While many may think that gender might play a large role in how much you will pay for coverage, it turns out that car insurance rates for males are only a little cheaper than those for females. Individuals who are single spend an average of 1% more per year on their policy when compared to those who are married. Insurance coverage for those who are divorced is a hair more expensive than it is for those who are single, while rates for widowed individuals are cheaper.
INDIANAPOLIS CAR INSURANCE RATES BY MARITAL STATUS AND GENDER
|Marital Status/Gender||Average Rate|
Indianapolis Car Insurance After an Accident or Moving Violation
Have you been involved in an at-fault accident or committed a moving violation? That may have an impact on the price of your car insurance. Perhaps unsurpringingly, having a good driving record can lead to cheaper car insurance. If you've found yourself in accidents or have lots of infractions, your insurance company may consider you more of a liability, meaning that your coverage rates could increase quite a bit.
Reckless driving will increase your car insurance premiums more than other driving violations. $544 is the additional cost per year for drivers with a DUI in Indianapolis, compared to the city average of $1,253. Reckless driving will drive your rates up as well, with average rates of $1,895. That is 51% higher than the city average! The amount of damage caused by an accident plays a role in how much insurance rates will rise. Compared to at-fault accidents with damages less than $1,000, accidents with damages exceeding $2,000 cost you an additional $199 per year in premiums.
AVERAGE INDIANAPOLIS INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident or Violation||Mean Rate|
|At-fault Accident (damages less than $1,000)||$1,643|
|At-fault Accident (damages greater than $2,000)||$1,843|
|Speeding Ticket (16-20 mph over speed limit)||$1,520|
Indianapolis Car Insurance Rates by Driver Age
Your age can influence how much you pay for your car insurance policy. There isn't much you can do about how old you are, but knowing how your age affects the rate you pay to insure your vehicle can be helpful. Car insurance companies often see certain age groups as safer on the whole, while others are seen as more of a liability. So what age group is more likely to find cheap car insurance?
Everyone loves to save money, and luckily for drivers in their 50s, they do just that! They have the lowest payments among any age group, with rates of $1,088. However, those in their 60s ($1,112) have premiums that aren't much higher. Teenage drivers have the biggest premiums of any age group, with average car insurance payments of $4,629. The greatest reduction in premiums between any age group is from the teenage age range to the 20s, as drivers in Indianapolis start seeing a reduction in premiums of 62%. In Indianapolis, turning 60 means a rise in rates. Up until then, transitioning between age groups means decreasing prices.
INDIANAPOLIS CAR INSURANCE COSTS BY AGE
Indianapolis Auto Insurance by Credit Rating
One of the other factors that an insurance company could use to calculate your insurance premiums is your credit score. An average insurance provider will have data that shows how motorists with lower credit ratings are more likely to file a claim. This makes them a higher liability, and their coverage rates will increase as a result.
For those with Very Poor credit (300-579), as opposed to Exceptional credit (800-850), car insurance premiums are $1,270 more per year. The largest benefit of better credit comes from boosting from Very Poor (300-579) to Fair (580-669), by which drivers can save approximately $878 per year.
INDIANAPOLIS CAR INSURANCE COSTS BY CREDIT TIER
|Credit Level||Average Auto Insurance Rate|
What drives up car insurance rates in Indianapolis?
Where you live in Indianapolis affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Indianapolis is no exception to the rule. From zip code 46290 to 46205, premiums rise by 18 percent—that’s $167.
Expensive Indianapolis Zip Codes: 46222, 46201, 46218, 46208, 46205
Cheap Indianapolis Zip Codes: 46290, 46280, 46259, 46237, 46250
Indianapolis Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Indianapolis, you can expect 129 rainy days with an annual rainfall of 42.4 inches. Indianapolis is also known to experience severe winter storms. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Be Prepared For
Driving in Indy
Major HighwaysI-65 U.S. 31 U.S. 36
Toll RoadsIndiana Toll Road
Find Local Indianapolis Agents
Cliff Johnson Insurance Agency
3902 N. College Ave. Indianapolis, IN 46205
Merritt Hall Insurance
2421 Production Drive Indianapolis, IN 46242
7212 N. Shadeland Ave. Indianapolis, IN 46250
Gregory & Appel, Inc.
1402 N Capitol Ave Ste 400 Indianapolis, IN 46202
Wells Fargo Insurance Services
300 N. Meridian St. Indianapolis, IN 46220
RMIA Inc. dba Risk Manager Insurance Agency
9119 Otis Avenue Indianapolis, IN 46216
CoLiance Risk Advisors, LLC
429 N Pennsylvania St #202 Indianapolis, IN 46204
M J Schuetz Insurance Services
55 Monument Circle Indianapolis, IN 46204
Associated Insurance Group of Indiana
7799 Michigan Rd. Indianapolis, IN 46268
Redding-Troy Insurance Agency
7740 E 88th St #100 Indianapolis, IN 46256
Fox and Fox, Inc.
3815 River Crossing Parkway Indianapolis, IN 46240
McGowan Insurance Group, Inc.
355 Indiana Ave Indianapolis, IN 46204
6329 Hollister Drive Indianapolis, IN 46224
The Alliance Insurance Group, Inc.
4912 W 16th St Indianapolis, IN 46224
Sagamore Insurance Company
1099 N Meridian St Indianapolis, IN 46204
Rural Insurance Agency Inc
225 S East St Indianapolis, IN 46202
DeFrantz Ins & Realty Agcy Inc
7780 N. Michigan Road Indianapolis, IN 46268
Walker & Associates Insurance
7364 E. Washington St Indianapolis, IN 46219
Underwriters Alliance of Indiana, Inc.
429 N. Pennsylvania St., Suite 202 Indianapolis, IN 46204
Williams & Associates Insurance
215 Terrace Avenue Suite B Indianapolis, IN 46225
Insurance Partners Inc
2450 S. Tibbs Ave. Indianapolis, IN 46241
Burns Insurance Agency
1433 N. Meridian St., Ste 205 Indianapolis, IN 46202
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