What kind of insurance do I need to drive in Indiana?
Nowadays, it’s a ubiquitous question: What kind of insurance do I need to drive in Indiana? Today we will discuss car insurance coverage in Indiana, types of Indiana’s auto insurance coverage, Indiana’s car insurance costs, and how to find the cheapest full auto coverage in Indiana. In Indiana, third-party liability coverage is the most basic kind of auto insurance, and it is required. It shields you from having to pay for any damages to someone else’s property as the policyholder. If you cause an accident that results in someone being hurt or killed, you will also be covered.
In Indiana, it is legally mandatory to have liability coverage, which covers damages and lost income if you cause harm to another motorist or their passengers. This also holds true for any harm done to the other driver’s car in the event that you are found to be “at fault.” It’s crucial to remember that neither personal injury nor property damage are covered by this policy. The details of this coverage are discussed in more detail below.
Indiana is a diminished-value state
Since Indiana is a diminished value state, drivers may sue the insurance carrier of the person who was at fault for diminished value. Your car loses value when it is in an accident, even if it is completely restored to its original state. Your car’s value decreases in comparison to comparable models that have not been involved in an accident. You can recover any damages you might incur when selling your vehicle by filing a decreased value claim.
You can file by getting in touch with the insurance of the person who is at fault because Indiana is one of the 15 states that provides reimbursement for loss in value. In Indiana, the following conditions must be satisfied to submit a diminished value claim:
- If you caused the accident, you are not eligible for reimbursement.
- Processing your claim will require the receipt of documentation. Make sure you can offer pictures, documentation of the repairs done, and an independent source attesting to the car’s value.
- The six-year statute of limitations in Indiana applies to bringing a decreased value claim.
- Reduced-value claims are covered by the uninsured motorist policy in Indiana.
What are the state-mandated car insurance limits in Indiana?
To be deemed a lawful driver, one must possess automobile insurance coverage in almost all states. Although most companies offer larger coverage amounts, these absolute minimums—also known as limits—represent the highest amount that auto insurance will pay out in a claim.
Each state sets its coverage limits, which are typically divided into three numbers and are known as split limits. The restrictions are specified as 25/50/25 in Indiana. The last figure relates to property damage, while the first two relate to physical injury coverage per person and per accident, respectively.
- The greatest amount of money that insurance will pay for only one person you injure in an automobile accident is known as the bodily injury coverage per person limit.
- If more than one person is injured in an accident, the maximum monetary amount that will be reimbursed for all injuries you cause is the bodily injury coverage per accident.
- The highest amount of money an insurance company will pay for damage you cause in an accident is known as the property damage per accident limit.
Types of Indiana’s auto insurance coverage
According to Indiana law, one simply needs to have liability insurance to drive legally. But the majority of insurance providers provide a range of coverage choices that might increase security. Take a look at some of these choices down below.
Comprehensive: This type of physical damage coverage guards against non-collision damages like theft, weather-related damage, and even collisions with animals.
Collision: This insurance covers damage to your car that results from running into another car or an immovable object.
Loan/Lease Payback: Also known as gap coverage, this policy is rather helpful for people financing damaged cars. It uses the depreciation of your car to make up the gap between the loan balance and its real cash value.
Medical Payments: Also known as Med Pay, medical payment coverage is an elective that helps pay for your own medical expenditures as well as the medical costs of anyone in your car at the time of an accident. This coverage compensates for any negligence.
Rental Car Reimbursement: This coverage takes over and pays for a rental car while your vehicle is being fixed, in the event that your automobile becomes undriveable. Each company has different limits.
Roadside Assistance: This coverage usually comes in handy if your automobile breaks down, though specific coverage options may vary depending on your insurance provider. This coverage is typically used for flat tire repairs, towing, and battery jumps.
Uninsured or Underinsured Driver Bodily Injury: Regrettably, a significant number of drivers operate vehicles without insurance or with insufficient coverage. If an underinsured or uninsured driver causes an accident and is unable to cover your medical costs, these coverages come in handy.
Uninsured Motorist Property Damage: If an uninsured motorist causes damage to your car, this type of uninsured coverage will shield it.
Car insurance costs in Indiana
Average Indiana car insurance costs by:
- Age
- Gender
- Marital status
- Credit score
- Driving violations
- Coverage level
- City
Average auto insurance premiums in Indiana by age group
It’s a well-known fact that your auto insurance costs change as you age. Teenage drivers typically pay more for auto insurance because insurance companies view them as less responsible.
In Indiana, a 16-year-old driver’s auto insurance costs $4,809 a year, while a driver in their 50s pays $974.
INDIANA CAR INSURANCE PRICES BY AGE BRACKET
| Age | Average Yearly Premium |
| 16 | $4,808.94 |
| 17 | $4,121.39 |
| 18 | $3,640.99 |
| 19 | $2,689.18 |
| 20s | $1,555.46 |
| 30s | $1,109.54 |
| 40s | $1,050.56 |
| 50s | $974.29 |
| 60s | $990.72 |
| 70s | $1,166.86 |
Car insurance costs in Indiana by gender
INDIANA AUTO INSURANCE RATES FOR MEN AND WOMEN
| Gender | Average Yearly Rate |
| Male | $1,126.12 |
| Female | $1,136.17 |
INDIANA CAR INSURANCE RATES BY MARITAL STATUS
| Marital Status | Average Annual Rate |
| Single | $1,126.12 |
| Married | $1,117.88 |
| Divorced | $1,131.19 |
| Widowed | $1,109.47 |
Average auto insurance rates in Indiana, by credit level
Credit scores are used by insurers to assess a customer’s likelihood of reliability. Excellent credit drivers are more dependable auto insurance customers, according to historical statistics, as they are less likely to file claims that require reimbursement from insurance providers.
When compared to a driver with bad credit, an outstanding credit score can save $878 on insurance premiums annually for drivers in Indiana. Find out more about how credit history may affect the cost of auto insurance in the Hoosier State:
INDIANA CAR INSURANCE RATES BY CREDIT TIER
| Credit Score | Average Annual Rate |
| Very Poor (300–579) | $1,902.26 |
| Fair (580-669) | $1,630.93 |
| Good (670-739) | $1,388.37 |
| Very Good (740–799) | $1,166.44 |
| Exceptional (800-850) | $1,023.43 |
Auto insurance policy prices for high-risk drivers in Indiana
Your auto insurance premiums will increase if you are found to be at fault in a collision or if you are found guilty of a moving violation. Your auto insurance will cost more the more infractions you accrue. The first at-fault fender accident in Indiana will result in an annual premium of $462 for your auto insurance. One of the most serious driving violations, a DUI or DWI, can increase your yearly insurance costs in Indiana by as much as $572.
INDIANA CAR INSURANCE RATES AFTER VIOLATIONS
| Age | Average Annual Premium |
| DUI or DWI | $1,705.47 |
| Reckless Driving | $1,630.88 |
| At-Fault Accident (<$1,000) | $1,595.22 |
| At-Fault Accident ($1,000-$2,000) | $1,666.55 |
| At-Fault Accident (>$2,000) | $1,643.68 |
| Open Container | $1,503.01 |
| Speeding (21-25 MPH > limit) | $1,347.45 |
| Speeding (16-20 MPH > limit) | $1,336.80 |
Car insurance costs by coverage amount in Indiana
The amount of coverage you choose to carry will determine how much you pay each month for auto insurance. Costs for liability-only policies are generally lower than those for comprehensive coverage with a low deductible. The premium difference in Indiana between comprehensive coverage with a $500 deductible and liability-only coverage at the state minimum is $638.
INDIANA AUTO INSURANCE RATES BY COVERAGE LEVEL
| Coverage Level | Average Annual Premium |
| $100K/$300K/$100K Bodily Injury/Property Damage — Liability Only | $527 |
| $100K/$300K/$100K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision | $1,007 |
| $100K/$300K/$100K Bodily Injury/Property Damage — $500 Comprehensive/Collision | $1,159 |
| $50K/$100K/$50K Bodily Injury/Property Damage — Liability Only | $470 |
| $50K/$100K/$50K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision | $955 |
| $50K/$100K/$50K Bodily Injury/Property Damage — $500 Comprehensive/Collision | $1,108 |
| State Minimum — Liability Only | $425 |
| State Minimum — $1,000 Comprehensive/Collision | $910 |
| State Minimum — $500 Comprehensive/Collision | $1,063 |
Average Car Insurance Costs in Indiana by City
Your location in Indiana has a big influence on how much your auto insurance costs. Indianapolis drivers pay the highest average annual premiums ($847) for full coverage policies in the state. At $754 annually, Fort Wayne drivers pay the lowest average rates.
Car insurance prices are typically higher in places like Indianapolis that have more traffic and a denser population. The reason for this increase is that drivers in these regions typically file more claims.
Age Group
22-29
| City | Full Coverage Annual Premium | Minimum Coverage Annual Premium |
| Evansville | $968 | $484 |
| Fort Wayne | $913 | $445 |
| Indianapolis | $1,029 | $486 |
| South Bend | $918 | $436 |
Age Group
30-59
| City | Full Coverage Annual Premium | Minimum Coverage Annual Premium |
| Evansville | $801 | $416 |
| Fort Wayne | $754 | $385 |
| Indianapolis | $847 | $419 |
| South Bend | $758 | $377 |
Age Group
60 +
| City | Full Coverage Annual Premium | Minimum Coverage Annual Premium |
| Evansville | $760 | $418 |
| Fort Wayne | $716 | $386 |
| Indianapolis | $802 | $420 |
| South Bend | $717 | $377 |
Indiana car insurance rates by city
Your city is one of the factors that could affect your Indiana auto insurance costs in addition to the fact that insurance rates differ by state. Car insurance prices vary by city since each ZIP code has a unique statistical probability of accidents, average cost of components and repairs, and other rating variables. Generally speaking, auto insurance rates are higher in larger cities. This is partially due to the fact that accidents and car theft are more common in densely populated cities than in smaller ones. Drivers in Indianapolis pay the highest rates for auto insurance, according to our study of rate data.
| Indiana city | Avg. monthly full coverage premium | Avg. annual full coverage premium | Percentage change from IN avg. annual full coverage premium |
| Bloomington | $103 | $1,238 | -4% |
| Evansville | $111 | $1,333 | 3% |
| Fort Wayne | $104 | $1,243 | -4% |
| Greenwood | $102 | $1,224 | -5% |
| Indianapolis | $113 | $1,350 | 4% |
| Kokomo | $103 | $1,238 | -4% |
| Mishawaka | $101 | $1,216 | -6% |
| Plainfield | $100 | $1,206 | -7% |
| Portage | $114 | $1,374 | 6% |
| South Bend | $104 | $1,248 | -4% |
Top 5 Car Insurance Companies In Indiana
In addition to price, we evaluated the coverage, customer service, and dependability of over 40 insurance providers to determine the best five providers for Indiana residents. Our investigation revealed that USAA is the greatest supplier for the majority of Indiana drivers. The ratings we assigned to our top picks are listed below.
Overall Rating |
Cost | Coverage | Reliability | Service | |
| #1 State Farm | 4.7 | 4.3 | 4.6 | 5 | 4.5 |
| #2 Travelers | 4.6 | 4.4 | 4.9 | 4.5 | 4.2 |
| #3 GEICO | 4.5 | 4.2 | 4.2 | 4.9 | 4.3 |
| #4 Progressive | 4.5 | 4 | 4.8 | 4.8 | 4.1 |
| #5 USAA | 4.5 | 4.7 | 4.8 | 4.5 | 4.3 |
Penalties for driving without insurance in Indiana
The Indiana Bureau of Motor Vehicles (BMV) may ask for an electronic filing of a Certificate of Compliance (COC) in certain circumstances, such as a traffic infraction (misdemeanor or felony) or an accident. Your insurer can often submit this form on your behalf to demonstrate that you are adhering to Indiana’s financial responsibility standards. There may be severe fines, some of which we have listed below if you did not have an active insurance policy on the desired date.
ways to reduce auto insurance costs in Indiana
How to save on car insurance in Indiana
Every driver has a varied cost for auto insurance, and some pay more than others. Thankfully, there are numerous options for perhaps obtaining a cheaper premium. The following are some ideas for finding less expensive auto insurance in Indiana:
Seek for savings: Indiana has a large number of discount auto insurance providers. Savings for good students, drivers with no claims, taking a defensive driving course, and insuring a car with specific safety features are a few of the most popular discounts.
Boost your credit score: Your credit-based insurance score may be used by Indiana auto insurance companies to calculate your premium. You might be able to lower your insurance costs by improving your credit.
Increase your deductibles: When filing a claim for certain types of auto insurance, such as collision insurance, you will be required to pay a deductible. Although a higher deductible will result in greater out-of-pocket expenses if you need to submit a claim for a covered incident, it can assist lower your monthly premium.
Look around: You can obtain the most economical cost for your circumstances by comparing the quotations from a few different auto insurance providers. Every year or following a significant incident, such as an accident, you can also obtain new quotations from several auto insurance providers to weigh your options and make sure your premium stays affordable.
Pay in whole: If you pay your six- or twelve-month policy premium in full upfront, the majority of Indiana auto insurance providers will give you a reduction on your premium. Additionally, you might be eligible for a discount if you set up automatic payments.
Frequently asked questions
Which Indiana auto insurance provider is the best?
There isn’t just one top auto insurance provider in Indiana that is appropriate for every motorist. Every driver has a different set of criteria when choosing a car insurance provider. These include coverage requirements, financial constraints, available discounts, and other personal factors like financial stability or customer service reputation.
Which Indiana auto insurance provider is the least expensive?
Your unique circumstances and driving habits will determine which Indiana auto insurance provider offers the best rates. Aside from your driving history, the price of your policy may also be influenced by your ZIP code, age, gender, and credit score. It’s a good idea to compare quotes from several different providers that meet your needs and preferences in order to discover the best deal on insurance. To make sure you’re selecting the most affordable policy for the coverage you require, it’s also essential to compare policies with similar types of coverage and limitations when evaluating your options.
How much does Indiana demand for auto insurance? In Indiana, uninsured/underinsured motorist (UM/UIM) coverage and personal liability insurance with a minimum coverage of 25/50/25 are mandated for drivers. Drivers may, however, decline UM/UIM coverage in writing. Furthermore, the majority of insurance experts advise you to buy greater coverage than the bare minimum because that kind of policy only pays for harm done to other people and could leave you susceptible financially due to lower limits and a lack of coverage for harm done to your own car.
Is SR-22 insurance required in Indiana?In Indiana, it is true that certain drivers must keep an SR-22 in order to get their license back after it was suspended for a serious or persistent moving violation, like an OWI or DWI. The SR-22 form serves as evidence of your financial stability and verifies that you currently hold an insurance policy that satisfies the state’s minimum insurance requirements. Your insurance provider must submit the paperwork with each renewal of your coverage for as long as the state mandates. In Indiana, drivers who are found to be driving without insurance may also be forced to file an SR-22 for 180 days.
What is the monthly cost of auto insurance in Indiana? The average monthly premium for full-coverage auto insurance in Indiana is almost $108. On average, minimum coverage costs $27 per month. Several variables could cause your payment to differ from the state average.
I believe if you can observe my entire blog, you may get a valid idea of Car insurance coverage in Indiana . Types of Indiana‘s auto insurance coverage, Indiana‘s car insurance cost, Auto insurance claim process, and ways to reduce auto insurance costs in Indiana.