Indiana Car Insurance (Coverage, Companies, & More)

A lot of people describe driving out on the open road as one of the best feelings in the world. Top down, wind blowing, cruising down the roads of Indiana with no traffic. Sounds like a dream come true, right?

Well, in order to get to that dream, you’ll need to get your car insurance needs taken care of. After all, car insurance is required in the state of Indiana.

That’s why we’ve made this comprehensive guide for you, to take the guesswork and stress out of the equation altogether.

We’ll cover all of the important car insurance topics you’ll need to know in order to get the insurance coverage you need. We’ll discuss everything from the particular coverage and rates in Indiana to the various car insurance companies available in Indiana, and more.

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Indiana Car Insurance Coverage and Rates

To get you started on your car insurance journey, we’ll cover the basics of the insurance coverage you’ll need in Indiana, as well as some of the insurance rates you can expect.

Indiana Minimum Coverage

State minimum auto insurance rates and requirements vary from state to state. Compare state to state below:

Every state has a minimum liability coverage law that you must have in order to legally drive. It essentially ensures that if you are ever in an accident, you have the funds needed to pay for that accident — particularly if you are the one at fault for the accident.

According to the State of Indiana, the following minimum liability coverage is required:

What does all of this mean? Let’s break it down.

• $25,000 for the payment of any bodily injuries/deaths of one person in an accident that you caused (or in the case of an accident with an uninsured motorist)
• $50,000 for the payment of any bodily injuries/deaths of multiple people in an accident that you caused (or in the case of an accident with an uninsured motorist)
• $25,000 for the payment of any property damage incurred in an accident that you caused
• $50,000 minimum for the payment of an accident that occurred with an underinsured driver

This coverage becomes especially important due to the fact that Indiana is an at-fault state.

An at-fault state is a state who places the liability (costs) of an accident on the person who caused the accident.

Due to this, You should at least consider buying more than just the minimum coverage. You never know what’ll happen if you’re in a serious enough car accident.

Forms of Financial Responsibility

You’ve likely heard of proof of insurance, a form of financial responsibility that basically provides proof that you have at least the minimum liability coverage required.

According to Indiana’s Bureau of Motor Vehicles, you may be required to provide your proof of insurance in any of the following situations:

• An auto accident for which the BMV receives an accident report.
• A pointable moving violation within one year of receiving two other pointable moving violations.
• A serious traffic violation, such as a misdemeanor or felony.
• Any pointable violation by a driver who was previously suspended for failing to provide proof of financial responsibility.

If you have been in any of these situations, Indiana’s BMV will send you a verification form in the mail.

Once you receive this form, your car insurance provider will then file an electronic Certificate of Compliance form (COC) as proof of insurance with the BMV. This COC form will basically show that the vehicle you were operating at the time of the incident/accident was insured.

Your provider can submit this proof of insurance through the state’s Electronic Forms Submission, or through the EIFS portal to process.

If you in fact were caught driving without being insured, you will have your driving privileges suspended. If so, you will have to file an SR-22 form to be allowed to drive your vehicle again.

Premiums as a Percentage of Income

There is a term known as a per capita disposable income, which can actually affect your insurance rates. So what is it exactly?

Per capita disposable income is the average amount of money that a group of people (such as the citizens of Indiana) has after all their taxes have been paid.

Indiana has the following per capita disposable income values:

You can see in the table above that on average, Indiana citizens pay about 2 percent of their income to car insurance. So making sure you get the best deal you can is very important. You don’t want to be paying more than you have to.

Average Monthly Car Insurance Rates in IN (Liability, Collision, Comprehensive)

Your average monthly car insurance rates may not increase as much as you might think by adding additional coverage like comprehensive. Review rates for auto insurance coverage below:

The table below displays the core coverage insurance in the state of Indiana according to the National Association of Insurance Commissioners (NAIC):

Additional Coverage

There are two types of additional liability coverage that are available medical payments (MedPay) and uninsured/underinsured motorist.

Medical payment (MedPay) coverage is optional in the state of Indiana. It helps to cover any of your medical payments should you ever be in an accident. Most other coverage types help you pay for the cost of an accident, while this coverage primarily helps YOU.

In Indiana, uninsured/underinsured motorist coverage is required as well as your minimum liability coverage.

If you’re required to have additional coverage such as this, it’s definitely for your benefit. This coverage type helps you out if you ever find yourself in an accident with another driver who’s uninsured or underinsured.

Now that you know the different additional liability coverage options available to you in Indiana, we’ll discuss loss ratios. But what exactly is a loss ratio and why should you care?

A loss ratio is essentially a way for you to see the financial health of these coverages for each of the different insurance providers in the state.

It’s calculated by comparing the amount of money insurance companies pay out in claims, compared to the amount of money the insurance companies bring in through the insurance premiums you pay.

When it comes to this calculated loss ratio, you want something that isn’t too high, nor too low.

A company with a loss ratio that’s too low means that they probably overpriced their policies or overestimated the number of claims they would receive. A company with a loss ratio that’s too high is paying out more than expected and will probably have to increase rates in the future.

So think of it as the story of Goldilocks. You want something just right.

According to the National Association of Insurance Commissioners (NAIC), the following loss ratios were found for the state of Indiana:

You can see in the table above that the loss ratios for both MedPay and uninsured/underinsured motorist are doing relatively well. So you can rest easy.

Add-ons, Endorsements, and Riders

Getting the best coverage for the most affordable price is always a top priority when shopping for insurance. Did you know that you could be missing out on several extremely useful and cheap coverage types because of it?

Check out the list below to see what’s available to you in Indiana:

• Guaranteed auto protection (GAP)
• Personal umbrella policy (PUP)
• Rental reimbursement
• Emergency roadside assistance
• Mechanical breakdown insurance
• Non-owner car insurance
• Modified car insurance coverage
• Classic car insurance

Average Monthly Car Insurance Rates by Age & Gender in IN

What demographic you’re in can play a factor in what kind of insurance rate you will pay. There’s a myth out there for insurance that men tend to pay more for their coverage than women.

We’ve collected the demographic rates in Indiana to see whether this myth was true, listed below.

As you can see, men do tend to pay more than their female counterparts. Although it appears in Indiana that married couples only vary slightly in their prices. (For more information, read our “Can married couples have separate car insurance?“).

The biggest price gap is between the younger demographics.

Highest/Lowest by ZIP Code

We have done the hard work for you and have organized insurance rates by ZIP code from highest to lowest.

Highest/Lowest by City

We have also organized insurance rates by city and have organized it for you from highest to lowest.

Read more:

• Austin Mutual Insurance Company Car Insurance Review
• Fremont Insurance Review

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Indiana Car Insurance Companies

Now we’ll move onto discussing the different car insurance companies you’ll see in Indiana. We’ll cover topics such as these companies’ financial ratings, their complaint indexes, and some of their various rate factors.

Six major factors affect car insurance rates in Indiana. Which auto insurance factors will affect rates the most? Find out below:

Keep reading to find out more.

The Largest Companies’ Financial Rating

There is a financial rating system known as the A.M. Best Rating that helps customers see what car insurance providers’ financial health is.

Who are the largest auto insurance companies in IN?

We’ve gone through and provided you with the A.M. Best Rating’s for the all of the largest providers in Indiana below.

Companies with Best Ratings

A study performed by J.D. Power was conducted to see the overall customer satisfaction rankings for the various car insurance provider in specific regions was. Indiana happens to fall within the North Central region. We’ve gone ahead and posted the study results below for you.

Who is the cheapest car insurance company in IN? Review the average auto insurance rates by company below:

All of these ratings are out of 1000. As you can see, Westfield is the top-ranked company, followed closely by Indiana Farm Bureau.

Read on to find out more about the best car insurance companies in Indiana.

Companies with Most Complaints in Indiana

Just like you want to know how satisfied customers are with a provider, you’ll also want to know just how many complaints they receive as well.

Read more:

• Arch Insurance Company Car Insurance Review
• Auto-Owners Insurance Company Car Insurance Review
• Depositors Insurance Company Car Insurance Review
• Elephant Insurance Company Car Insurance Review
• First Acceptance Insurance Company, Inc. Car Insurance Review
• First Chicago Insurance Company Car Insurance Review
• Founders Insurance Company of Michigan Car Insurance Review
• Grinnell Select Insurance Company Car Insurance Review
• Hartford Insurance Company of Illinois Car Insurance Review
• Milbank Insurance Company Car Insurance Review
• Safeco Insurance Company of Indiana Car Insurance Review
• The Continental Insurance Company Car Insurance Review
• The First Liberty Insurance Corporation Car Insurance Review
• Trustgard Insurance Company Car Insurance Review
• Trumbull Insurance Company Car Insurance Review

Indiana Car Insurance Rates by Company

We know that how much you’ll be paying for your insurance coverage is a big factor in your decision. So we’ve done the hard part for you and have found the insurance rates for the largest insurance companies in Indiana.

Read more: Does Esurance offer roadside assistance?

Commute Rates by Company

Some companies charge their customers for how far they commute on a regular basis. Their logic is that the farther you drive regularly, the more likely you are to get into an accident.

As you can see in the table above, a good number of companies in Indiana don’t have any difference in price for what your commute is. Others on the other hand, companies such as American Family, Geico, Liberty Mutual, State Farm, and USAA do vary in prices based on your commute.

Coverage Level Rates by Company

Did you know that you could be paying more for a coverage level that is lower than another company’s?

That’s right! You could be paying more for a low-coverage plan than a high-coverage plan with another company.

You can see in the table above, a low-coverage plan with Allstate is $3,789.32, while a high-coverage plan with American Family is $3,591.92. That means you’d be paying $197.40 MORE for a lower coverage plan.

So making sure to shop around and compare rates can save you a bundle.

Credit History Rates by Company

The better your credit history, the better your insurance rates tend to be. Just like you want to know an insurance provider’s financial health is good, they want to make sure yours is good as well.

They like to make sure you’re going to pay for the policy they’re providing you with.

Driving Record Rates by Company

Just like with your credit history, having a good driving record will save you some extra cash when it comes to insurance rates.

You can see above that a clean driving record with Allstate will only cost you $3,175.58, while having even one DUI on your record bumps you up to $4,301.12. That’s an extra $1,125.54 you’d be paying.

So if you’re on a tight budget, make sure to drive safely.

Largest Car Insurance Companies Indiana

The table below displays the largest car insurance companies in the state of Indiana:

Number of Insurers

In Indiana, you have a vast number of insurance providers you can choose from — at least 1,022, to be precise.

There are two types of providers you’ll notice on the table below; foreign providers and domestic providers. So what’s the difference?

• Domestic Insurer – an insurance company admitted by and formed under the laws under the state in which insurance is written
• Foreign Insurer – an insurance provider which was formed under the laws of another state, but is still doing business in Indiana but who have agreed to adhere to the insurance laws that govern the State of Indiana

There is no real difference in coverage between these two types of providers, so it really just depends on personal preference for this one.

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Indiana State Laws

The last thing we want is for you to get a ticket for a law you didn’t even know existed. Every state is different, so each state has laws that are specific to their area.

In this section, we’ll cover topics on the various kinds of state laws in Indiana, from car insurance laws to vehicle licensing laws, and more.

Car Insurance Laws

There are various kinds of car insurance laws present in each state. So in this section, we’ll cover the ones you’ll want to know for Indiana.

High-risk Insurance

If you’re considered to be something known as a high-risk driver, you likely have a less than stellar driving records. If your record is bad enough that you’ve been deemed high-risk, you probably have had a lot of difficulties finding a car insurance provider who’s willing to give you coverage.

This is a major problem since you have to have at least the minimum liability coverage. So what are you to do?

There’s a program known as the Indiana Automobile Insurance Plan (INAIP) that you can apply to in order to get the coverage you need.

How it works is that you apply to this program, and you’ll then be assigned to a participating car insurance provider. Once assigned, they’ll then have to provide you with at least the minimum liability coverage.

Sounds great right? Well, keep in mind that this program is designed to only be used if you absolutely need it. Otherwise, the provider you’re assigned to is allowed to charge you whatever rate they deem reasonable.

So if you can voluntarily get car insurance coverage from a provider, take that coverage before applying to this program.

Low-cost Insurance

There are unfortunately no low-cost insurance programs in Indiana, but don’t let this get you down. There are plenty of other ways to reduce insurance costs that you might not have even thought of.

Having a clean driving record and good credit history will definitely lower costs, but there is another way to save a little cash on your insurance policy — car insurance discounts.

There are a vast number of discounts available to drivers now that you’re bound to qualify for at least one. We’ve gone through and listed some of the most common discounts that you can apply for below.

• Good driver
• Homeowner
• Anti-theft/Anti-lock systems
• Good student
• Accident-free
• Company/School (The company you work for/the school you attend sometimes offers discounts.)

Windshield Coverage

There are some states in the nation that require drivers to carry additional windshield coverage in the case of any repairs or replacements needed. After all, you do need a windshield to drive.

Indiana, however, is not one a state that requires windshield coverage. It is completely optional.

According to Car Windshields, Indiana has the following information on windshield repairs and replacements:

“Nothing unique to windshields. For vehicles less than five years old, you can choose OEM, aftermarket, or used parts.”

Automobile Insurance Fraud in Indiana

Insurance fraud is defined as when an individual deceives an insurance company to gain something (monetary, benefits, etc.) that they aren’t entitled to. It’s something that, according to the Insurance Information Institute (III), accounts for over $30 billion in losses EACH YEAR.

Due to this, it’s considered a criminal activity across the nation and can come with some pretty hefty consequences.

• Level 6 felony – carries a penalty range of six months to 2.5 years incarceration and a fine up to $10,000.
• Level 5 felony – carries a penalty range of one to six years jail time and a fine up to $10,000.
• Class A misdemeanor (Lying on an insurance application) – carries a penalty range of up to one year in jail and a fine of up to $5,000

So if you want to avoid paying some hefty fines, or even prison time, we advise you to be truthful with your insurance provider.

Statute of Limitations

Should you ever be in an accident and need to file a claim, you’re going to want to make sure you follow the statute of limitations. What exactly does this mean?

The statute of limitations is intended to protect all parties of the accident and policy limits the amount of time you have to make a claim. It starts the day the accident occurs and goes until the end of the limitations for that state.

Each state varies in the amount of time you have for personal injury claims and property damage claims.

The statute of limitations in Indiana for both personal injuries and property damage is two years.

So make sure you file any claims you need before these two years are up.

Vehicle Licensing Laws

Just like your car insurance, you’re obviously required to have a driver’s license as well. In this section, we’ll cover a few laws regarding vehicle licensing that you’ll want to make sure you remember.

Penalties for Driving Without Insurance

If you’re caught without your insurance while out on the road, you could be facing some hefty penalties.

Penalties for driving uninsured in the state of Indiana are as follows:

Teen Driver Laws

Teen drivers will need to make sure they follow several laws if they want to get behind the wheel. The following information from the Insurance Information of Highway Safety (IIHS) was found for your convenience:

For teen drivers, you need to be at least 15 years old to get your learner’s license. If you want to get a restricted license or driver’s license, you must adhere to the following:

• Have your learner’s license for at least six months
• Complete 50 hours of supervised driving time, 10 of which need to be at night
• Be at least 16 years and three months of age

There are a few restrictions during this intermediate licensing stage that you’ll need to follow as well:

• No driving between the hours of 10 p.m. and 5 a.m. during the initial six months
• After the first six months, no driving between the hours of 11 p.m. and 5 a.m. Sunday through Friday or 1 a.m. to 5 a.m. Saturday through Sunday
• No passengers except for family members

After six months, these nighttime restrictions will be lifted for drivers who are 18 years old.

License Renewal Procedures

The table below displays the license renewal procedures for both the general population as well as for the older population in the state of Indiana.

New Residents

According to Indiana’s BMV, if you’re a new resident you’ll want to make sure you get your Indiana driver’s license with the following documentation:

• One document as proof of identity (such as a previous state’s drivers license)
• One document proving your legal status in the United States
• One document as proof of your Social Security number
• Two documents as proof of your Indiana residency

Rules of the Road

To start cruising on the road, you’ll want to know the specific rules — rules about how exactly you should be navigating the roads of Indiana in a safe and lawful way.

Fault vs. No-fault

As we stated in a previous section, Indiana is an at-fault accident state. This means that if you’re the one responsible for the accident, you’ll be the one held liable for the costs of that accident.

So making sure you have adequate insurance coverage is essential.

Keep Right and Move Over Laws

Two laws that are extremely easy for drivers to follow are keep right and move over laws.

Indiana’s keep right law states that all drivers who are in the left lane (particularly on highways) need to move over to the right lane so faster cars can pass. This is to help prevent any accidents.

If you don’t adhere to the keep right law, you could be facing traffic citations and potentially up to $500 in fines.

Move over laws are especially important, as you’ll need to drive with caution if you approach an emergency vehicle that is at a stop in a two- or four-lane roadway.

The best course of action is to change lanes, but if you can’t, you’ll need to lower your speed to 10 miles under the posted limit and drive with extreme caution. Just don’t stop in the middle of the roadway.

The basic rule of thumb: If their lights are flashing, move over.

Speed Limits

According to the Insurance Institute for Highway Safety (IIHS), the speed limits in the state of Indiana are as follows:

• Rural interstates – 70 mph
• Rural interstates (trucks only) – 65 mph
• Urban interstates – 55 mph
• Limited access roads – 60 mph
• All other roads – 55 mph

Seat Belt and Car Seat Laws

To keep all passengers in a vehicle safe, each state has car seat and seat belt laws that you will need to remember.

According to the Insurance Institute for Highway Safety (IIHS), Indiana has the following car seat and seat belt laws:

These laws apply to car seats use in Indiana.

Something to note for child’s seat laws in Indiana: Any children who weigh 40 pounds or more are allowed to wear an adult seat belt.

Ridesharing

You’ve likely heard of the popular ridesharing services such as Uber and Lyft. They can be both convenient for individuals looking for a cheap ride but are also convenient for those trying to make some extra cash on the side.

If you’re one such individual who is looking to work for a ridesharing service, you’ll want to make sure that you have ridesharing coverage on your insurance policy. The providers below all have this type of coverage available:

• Allstate
• Erie
• Farmers
• Geico
• Safeco
• State Farm
• USAA

Safety Laws

Our priority for you is to get the best insurance for your needs and to help keep you safe on the road. To do that, we’ll now cover some of the safety laws in Indiana.

DUI Laws

Drinking and driving is a serious crime, and cause a lot of damage and destruction along the way. A lot of states are cracking down on this crime, with heavy penalties and even jail time.

Indiana has the following laws regarding drinking and driving:

Marijuana-impaired Driving Laws

While the legalization of marijuana has increased in recent times, Indiana is still a state where the possession and use of marijuana are illegal.

Therefore, the state adheres to a zero-tolerance policy, according to the Governor’s Highway Safety Association (GHSA).

As a matter of fact, if you are convicted of driving under the influence, you could be facing some of the following penalties:

• First-time offense:
  • Prison time – 60 days to one year
  • Fines – Up to $5,000
• Second-time offense:
  • Prison time – Five days to three years
  • Fines – Up to $10,000
• Third-time offense:
  • Prison time – 10 days to three years
  • Fines – Up to $10,000

Distracted Driving Laws

Driving while you’re distracted can be extremely dangerous. It only takes a second for an accident to occur.

Many states across the nation have started cracking down on different handheld devices while driving, hoping to cut down on driver distractions while on the road.

In Indiana, anyone under the age of 21 years old is forbidden from using a cellphone while driving. In addition to this, there is also a texting ban for all drivers.

This is primarily enforced — meaning that if a cop even sees you using your phone while driving, they can pull you over and issue you a traffic ticket.

So make sure you put your phone away while you are driving.

Indiana Can’t-Miss Facts

You did it, we’re now down to the last section of this guide.

Keep reading to find out some of the facts and statistics of driving in Indiana that you absolutely need to know.

Vehicle Theft in Indiana

In the table below we’ve listed the top vehicle models that are stolen in the state of Indiana.

Dangers on the Road in Indiana

Here, we’ll give you the road danger statistics in Indiana according to the National Highway Traffic Safety Administration (NHTSA).

Fatal Crashes by Weather Condition and Light Condition

The table below displays the statistics for fatal crashes based on weather and light conditions in the state of Indiana:

Traffic Fatalities

The table below displays the statistics for the total number of traffic fatalities in the state of Indiana:

Fatalities by Road Type

The table below displays the statistics for traffic fatalities based on the type of road:

Fatalities by Person Type

The table below shows the statistics for traffic fatalities based on the person type:

Fatalities by Crash Type

The information displayed below shows the traffic fatalities based on the type of crash:

Five-year Trend for the Top 10 Counties

The table below shows the five-year trend for the top 10 counties in Indiana:

Fatalities Involving Speeding by County

The table below displays the top 10 counties by the number of traffic fatalities involving speeding in Indiana:

Fatalities in Crashes Involving an Alcohol-impaired Driver (BAC = .08+) by County

The table below displays the top 10 counties by the number of crashes that involved an alcohol-impaired driver by county in the state of Indiana:

Teen Drinking and Driving

The worst part of the statistics above is that this INCLUDES teen drivers.

Though Indiana ranks pretty low in teen drinking and driving nationally, it’s still an issue across the United States.

EMS Response Time

According to the National Highway Traffic Safety Administration (NHTSA), Indiana does not have data for the EMS Response times.

Transportation

We’ll now cover the statistics for the various aspects of transportation in Indiana.

Car Ownership

According to Data USA, Indiana citizens own an average of two vehicles per household. That’s a little above the national average for two-car households.

The state is above average, however, for households with three and four cars, and average for five-car families

Commute Time

The average commute time for most drivers in the nation is 25.5 minutes. The average Indiana driver only has an average commute time of 22.6 minutes, meaning that Indiana drivers tend to spend less time than most other drivers across the nation.

The largest portion of Indiana drivers have commutes in the 16-19 minute range. Extra-long commutes are relatively rare. Less than two percent of drivers have a. commute of 90 minutes or more.

Commuter Transportation

Statistically, according to Data USA, Indiana drivers tend to have an affinity to drive alone at 82.4 percent. That’s above the national average.

Drivers that carpool are less than ten percent, right about the national average, but the use of public transit is below the national average.

Top City for Traffic Congestion

Indianapolis, Indiana is known to be a hot spot for traffic. — so much so that it managed to make it onto three separate traffic congestion indexes.

The INRIX Scorecard has the following data on Indianapolis:

TomTom has the data below listed for Indianapolis:

According to Numbeo:

You’ve made it. You went through this comprehensive guide like a champ.

Before making any final decisions on your insurance company, it is important to learn as much as you can about your local insurance providers, and the coverages they offer. Call your local insurance agent to clear up any questions that you might have. Questions to consider asking include, “What is the best coverage plan for me/my family/my situation?” “What are the minimum coverage requirements in my state and what form of coverage do you recommend?” “Do you guys offer any bundle discounts if I take out both my auto insurance and home insurance with you?” and “What is the average rate of insurance quotes you guys offer?”

Before making any big insurance decisions, use our free tool to compare insurance quotes near you. It’s simple, just plug in your zip code and we’ll do the rest!

If you’re ready to start comparing insurance today, don’t forget to use our FREE online tool.

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