Cheap Car Insurance in Indiana

Located in the heart of the Midwest, Indiana is a state famous for its limestone, the Indianapolis 500, and places like Indiana Dunes along Lake Michigan, the Lincoln National Memorial, and Angel Mounds. Here, you can go from busy interstates to quiet county roads. 

Because of the variety of roads, the right coverage is more than just meeting a legal requirement. It helps protect your vehicles, your finances, yourself, and your loved ones on any journey. Although your final premium depends on different factors like your zip code, gender, age, and other details, Acceptance’s bilingual agents can help you find cheap auto insurance in Indiana, regardless of your status as a driver. 

How much is car insurance in Indiana? Indiana drivers, on average, pay far less than the national average for their car insurance. For the state-required car insurance, Indianans pay $446 annually, almost half the $820 national average. For full coverage, the average is $1,709 annually, which is quite a bit less than the national average of $2,697 for full coverage. 

When you purchase your policy, you’ll need to decide how much financial protection you want and need. Having an experienced and local Acceptance agent help you choose the best car insurance coverage is simple and easy. 

What Is the Average Premium for Cheap Full Coverage Car Insurance in IN?

Residents of the Hoosier State pay roughly $142 monthly on full coverage. With this package, you get liability coverage at the required state level (or more, if you wish), plus two additional protections: collision and comprehensive insurance. 

As an at-fault state, Indiana requires minimum liability to help you pay for injuries and damages you cause if you are at fault in an accident. Adding collision helps pay for repairs (or replace) your own vehicle, since your liability will never pay for your own damages. Adding comprehensive means, you are covered if something happens to your car, such as theft or storm damage. 

Both collision and comprehensive include a deductible and you can purchase these coverages separately or together. If your vehicle is financed, your lender will likely require you to carry full coverage to protect their interest in the automobile until it is paid off.

How Much Does Liability Insurance or Minimum Required Auto Coverage Cost in IN?

As mentioned, liability insurance in Indiana consists of bodily injury/death and property damage coverage to help pay for the injuries and damages you cause in an accident where you are at fault. Your liability will never pay for your own injuries and damages and anything over your policy limits suffered by the other party will come out of your pocket.  

Although some drivers simply look for the cheapest liability insurance in Indiana, which costs an average of $37 per month, others choose to increase their coverage limits beyond what the state requires. By having more protection or full insurance, you won’t be left stranded if, on a rainy day, you hydroplane in your vehicle and crash into someone’s new car and/or seriously injure another person; in that situation, your assets could be seized to pay their costs if your insurance limits don’t cover everything. 

How do Insurance Rates Compare Across Indiana’s Major Cities

Location is just one factor insurers use to generate a policy cost, but it can be a big one. For example, congested cities where accidents are more frequent and vehicle crime is higher, rates may be higher than for drivers in more rural areas. Here are some average rates for some of Indiana’s cities.

Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by Indiana. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.

What are Some Car Insurance Discounts in the Hoosier State?

Residents of Indiana are known to be frugal and smart with a dollar, so it’s no surprise they look for driver discounts to help lower the cost of their premium. Here are some popular discounts you can take advantage of when you renew or find your next policy: 

Check with your local agent for details on how you can save money with the best discounts for car insurance in Indiana. 

Understanding Different Types of Auto Insurance Coverage

• Bad Credit: Coverage options tailored for those with less-than-ideal credit scores, helping you secure insurance without overspending.
• High Risk: Affordable insurance solutions for drivers with a complicated driving record or those who need specialized coverage such as DUI or SR-22 insurance in Indiana.
• Liability: The basic form of auto insurance that protects others if you cause damage or injury, typically required by law in most states.
• Non-Owner Auto Insurance in Indiana: Protection available for individuals who don’t own a vehicle but still drive occasionally.
• Non-Standard: Plans designed for drivers who don’t fit the typical profile—whether due to age, past incidents, or other circumstances.
• Senior: Insurance options and discounts crafted to address the specific concerns of older drivers.
• SR-22: A mandatory certificate issued after serious violations to prove you carry insurance coverage.
• Teenager: Insurance products developed for young or new drivers to help keep premiums reasonable as they start driving.

Indiana is an at-fault state. Drivers are required to carry liability insurance to help cover the costs of at-fault accidents. This basic insurance will not provide any financial help for your own injuries and damages if you are at fault.

What are Mandatory Vehicle Insurance Requirements in Indiana?

Mandatory car insurance requirements in the Hoosier State include:

• Bodily Injury Coverage per Person: $25,000
• Bodily Injury Coverage per Accident: $50,000
• Property Damage Per Accident: $25,000

Insurers in Indiana are required to report to the state DMV anytime a policy is enacted – and any time one is cancelled or lapses, so if you are pulled over or get in a wreck, the police and the state will know if you are uninsured.

What Happens if You are Caught Driving Without Insurance in IN?

If you’re wondering about the penalties for driving without insurance in Indiana, it’s important to understand the consequences you could face. The state takes this offense seriously and has specific measures in place to encourage compliance. 

• First-time offenders may have their license suspended for 90 days. 
• You may be required to file an SR-22 certificate with the state for three years. Your insurance company must file this certificate for you. This confirms you are properly insured but also labels you as a high-risk driver, which may make finding insurance more difficult. 
• A second conviction can result in losing your driving privileges for one year and paying a $500 fine. 
• A third offense raises the fine up to $1,000. 
• The SR-22 requirement applies to all offenses related to driving without insurance. 

What Factors Does Indiana Law Allow in Determining Your Insurance Premiums?

You may be curious how insurers come up with your policy premium. They use many factors, some unique to you, to arrive at your cost. This is why your price is different from your neighbor’s rate.  

Ten common factors insurers look at include: 

1. Driving record
2. Claims history
3. Credit Score
4. Location
5. Marital status
6. Job Title
7. Education level
8. Type of Vehicle
9. Age
10. Gender

These are just a few of the things insurance underwriters examine. Some of them you cannot change (age and gender) and some of them you have a great deal of control over, such as driving record and credit history. If you don’t like your price, you are free to shop around and compare. Plus, you can always work on improving your driving record and increasing your credit score to get a better rate.  At Acceptance, our friendly, local agents have experience at helping you shop around, compare rates and find the perfect policy. 

Am I Required to Report an Accident in Indiana to Authorities?

In Indiana, authorities want you to call 9-1-1 and report an accident if anyone is injured, killed or trapped. In addition, it is a requirement to call law enforcement if you damage someone’s property, such as a fence. Remember, if you damage a rancher’s fence and his cows get out, someone else could hit one in the dark and be killed.

If it is a single vehicle accident and your vehicle is the only one damaged, you are free to not call the police unless someone in your car is hurt or killed. Likewise, two (or more) drivers may agree amongst themselves to decide if it is necessary to call. Keep in mind that without an official accident report, you may be faced with a he-said-she-said situation later.

Also, keep in mind you may need a police report in the event of a crash to prove who caused the accident.

According to data from the Indiana Criminal Justice Institute, in 2023 there were 198,247 traffic collisions, of which 14,600 were caused by speeding. In those collisions, 928 people lost their lives. Seventy of the fatalities were related to drunk driving.  

To increase safety, the state recommends avoiding distractions and never drink and drive. By preventing accidents, it becomes easier for you to have affordable car insurance. 

How Many Drivers Are Uninsured/Underinsured Motorists in IN?

In 2023, approximately 14% of all motorists in Indiana were recorded as not having coverage, according to data from the Insurance Information Institute, ranking the state 22nd nationally for this situation. Because of this, although you can choose not to have uninsured motorist coverage in Indiana, this protection could prevent you from having to pay for your own repairs and medical bills in case you encounter someone without insurance on the road.