The car, truck, or SUV that needs insurance is a large consideration that determines whether or not you can buy affordable coverage for drivers with accidents. Vehicles with limited speed and performance, advanced safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models.
The data below showcases coverage rates for some of the most affordable vehicles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$1,327|
|Honda Accord EX 4-Dr Sedan||$1,337|
|Honda CR-V EX 2WD||$1,406|
|Ford F-150 XL Super Cab 2WD||$1,536|
|Chevrolet Malibu LS||$1,574|
|Chevrolet Equinox LT 2WD||$1,583|
|Ford Explorer Limited 4WD||$1,591|
|Dodge Grand Caravan SXT||$1,599|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,591|
|Honda Odyssey EX||$1,621|
|Chevrolet Impala LS||$1,626|
|Ford Edge Sport AWD||$1,656|
|Jeep Grand Cherokee Laredo 4WD||$1,667|
|Toyota RAV4 2WD||$1,677|
|GMC Sierra SLE Crew Cab 2WD||$1,667|
|Toyota Corolla XRS||$1,673|
|Ford Fusion Sport 4-Dr Sedan||$1,682|
|Hyundai Elantra Blue 4-Dr Sedan||$1,727|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$1,746|
|Toyota Camry XLE||$1,747|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,752|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,766|
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Price data assumes single male driver age 50, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Information does not factor in zip code location which can raise or lower rates substantially.
Based on these rates, cars like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius will be the cheapest vehicles to insure for drivers with at-fault accidents. The price for an auto insurance policy will be higher anyway because there is more claim exposure for drivers with accidents, but in general those models will probably have the cheapest auto insurance rates available.
For drivers with at-fault accidents, one of the more important things that determine car insurance rates is where you normally keep your vehicle in Indiana. Cities with more crime and/or more people like Gary, Merrillville, and Indianapolis tend to pay more, whereas areas with less congestion receive better rates.
The next table sorts the most expensive cities in Indiana for drivers with accidents to buy auto insurance in.
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Information shown are comparative as zip code location can modify price quotes noticeably.
Comparing rates for reasonably-priced insurance is confusing at best, and determining which company has the cheapest car insurance rates for drivers with accidents in Indiana requires even more perseverance. Coverage prices will most likely be slightly pricier than the average rate in Indiana, with the higher price attributed to the higher likelihood of claims that goes along with selling insurance for drivers with at-fault accidents, but economical coverage may be available with some perseverence. Each insurance company has a unique approach for setting rates, so let's take a look at the car insurance companies with the overall cheapest rates in Indiana.
Best Cheap Insurance Rates for Accident Prone Drivers
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$875|
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Travelers normally has some of the most affordable car insurance rates in Indiana at around $602 per year. This is $638 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve would also be considered some of the cheapest Indiana auto insurance companies.
In the above example, if you are a customer of USAA and switched to Travelers, you could earn a yearly price reduction of around $85. Drivers with Erie may save as much as $124 a year, and Western Reserve policyholders might reduce rates by $244 a year.
These policy prices are averages across all types of insureds and vehicles and and are not calculated with a rate surcharge for drivers with accidents. So the auto insurance company that can offer the best rates for your situation may not even be in the top 36 companies shown above. That underscores the importance of why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
Types of discounts on Indiana auto insurance rates
Insurers that provide policies for drivers with accidents could also offer premium discounts that could lower prices by as much as 35% if you meet eligibility requirements. A few popular companies and their possible discounts are:
- State Farm offers discounts for driver's education, defensive driving training, anti-theft, good student, and good driver.
- GEICO may include discounts for seat belt use, emergency military deployment, air bags, five-year accident-free, membership and employees, and daytime running lights.
- Allstate may offer discounts for early signing, FullPay discount, safe driver, eSmart discount, economy car, new car, and senior citizen.
- SAFECO has savings for safe driver, accident prevention training, multi-car, bundle discounts, anti-lock brakes, drive less, and anti-theft.
- Farm Bureau discounts include multi-policy, youthful driver, safe driver, good student, 55 and retired, and renewal discount.
- Progressive may have discounts that include online signing, online quote discount, good student, multi-vehicle, multi-policy, continuous coverage, and homeowner.
- AAA includes discounts for good student, anti-theft, education and occupation, pay-in-full, AAA membership discount, multi-car, and multi-policy.
The example below compares car insurance rates with and without discounts applied to the premium. The rates are based on a female driver, no violations and two accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, paperless filing, vehicle safety, anti-theft, paid-in-full, and continuous coverage discounts applied. When discounts are applied, the the average amount saved on car insurance for drivers with accidents is 28% or $726.
Which car insurance company is best in Indiana?
Insuring your vehicle with the highest-rated insurer can be a challenge considering how many different insurance companies sell coverage in Indiana. The company rank data below can help you select which providers you want to consider when shopping car insurance rates for drivers with accidents. The ratings below are for the largest companies in the United States, so companies that may only write in Indiana are not factored into the list.
Top 10 Major Auto Insurance Providers in Indiana Ranked by A.M. Best Rating
- USAA - A++
- GEICO - A++
- Travelers - A++
- State Farm - A++
- Allstate - A+
- Progressive - A+
- Erie Insurance - A+
- The Hartford - A+
- Nationwide - A+
- Esurance - A+
How much more does full coverage cost in Indiana?
Saving money when shopping for car insurance is important to most vehicle owners, and one great way to reduce the cost of insurance for drivers with accidents in Indiana is to not insure for full coverage. The diagram below shows the comparison of insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no additional discounts are factored in.
Averaged out for all age groups, full coverage costs $1,613 per year over liability only. That amount may make you wonder if you should buy full coverage. There is no definitive guideline of when to phase out full coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
There are some scenarios where only buying liability is not in your best interest. If you haven't satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not opt for liability only.
How to find budget-friendly auto insurance for drivers with accidents
The list below shows some of the better penny-pinching ideas that can help you get more affordable coverage.
- Keep your driving record clean
- Higher credit scores may earn you cheaper rates
- Raise physical damage deductibles
- Vehicles with safetly features generally cost less to insure
- Maintain a safe distance and avoid accidents
- Compare rates once a year for cheaper prices
That last piece of advice is certainly critical, as we hit on in the article above. Auto insurance prices adjust frequently, so drivers shouldn't hesitate to buy from a different company if a cheaper rate is available. Many drivers tend to have loyalty to a certain company, but it's not a good idea if that stubbornness costs you a small fortune year after year. It only take a few minutes to compare rates and find cheaper insurance for drivers with accidents.