I can't think of anyone who looks forward to buying car insurance, in particular when they could get a better deal.

Unbelievably, a large majority of drivers in Indiana kept their coverage with the same car insurance company for at least four years, and almost half have never even compared quotes to find cheap rates. American drivers can save hundreds of dollars each year, but most tend to underestimate how much savings they would realize if they switched to a cheaper policy.

Due to the fact that there are so many online and local companies to choose from, it is very difficult to choose the right car insurance company.

Buying the cheapest car insurance in Lawrence can be easy if you know a few tricks. Essentially each driver who buys car insurance will be able to save money. But Indiana car owners should learn the methods companies use to calculate their prices because it can help you find the best coverage.

Auto insurance quotes comparison

Keep in mind that comparing more quotes gives you a better chance of getting a lower rate than you're paying now.

The companies in the list below can provide comparison quotes in Indiana. If multiple providers are shown, it's highly recommended you visit as many as you can to get the cheapest price.

Insurance Cost Estimates for Popular Vehicles in Lawrence
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LT Regular Cab $1,064 $532 $89
Dodge Ram Crew Cab ST 2WD $1,086 $543 $91
Ford Escape XLT 2WD $800 $400 $67
Ford F-150 XLT Regular Cab 4WD $910 $455 $76
Ford Focus SES 4-Dr Sedan $1,024 $512 $85
GMC Sierra SLT Crew Cab 4WD $1,306 $653 $109
Honda Accord LX-P 4-Dr Sedan $822 $411 $69
Honda CR-V EX-L 4WD $716 $358 $60
Honda Civic DX 4-Dr Sedan $824 $412 $69
Jeep Wrangler Sport Islander Package 4WD 2-Dr $984 $492 $82
Kia Optima SX $966 $483 $81
Nissan Altima 2.5 S 2-Dr Coupe $852 $426 $71
Nissan Rogue SL 2WD $1,178 $589 $98
Toyota Camry XLE $900 $450 $75
Toyota Corolla XLE $930 $465 $78
Toyota Tacoma Double Cab 4WD $966 $483 $81
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Prices do not factor in vehicle location which can impact coverage rates significantly.

Physical damage deductibles

When buying car insurance, a common question is which comprehensive and collision deductibles to buy. The rates shown below may help you to understand the cost difference when you buy lower versus higher deductibles. The first price estimate table uses a $250 deductible and the second pricing table uses a $500 deductible.

Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.

Honda Civic insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $188 $366 $280 $16 $84 $959 $80
Civic VP 4-Dr Sedan $188 $430 $280 $16 $84 $1,023 $85
Civic LX 4-Dr Sedan $188 $430 $280 $16 $84 $1,023 $85
Civic DX 2-Dr Coupe $188 $430 $350 $20 $106 $1,119 $93
Civic EX 4-Dr Sedan $188 $430 $280 $16 $84 $1,023 $85
Civic LX-S 4-Dr Sedan $188 $430 $280 $16 $84 $1,023 $85
Civic LX 2-Dr Coupe $188 $496 $350 $20 $106 $1,185 $99
Civic EX-L 4-Dr Sedan $216 $496 $280 $16 $84 $1,117 $93
Civic SI 4-Dr Sedan $216 $496 $280 $16 $84 $1,117 $93
Civic EX 2-Dr Coupe $216 $496 $350 $20 $106 $1,213 $101
Civic GX 4-Dr Sedan $216 $496 $280 $16 $84 $1,117 $93
Civic EX-L 2-Dr Coupe $216 $496 $350 $20 $106 $1,213 $101
Civic Hybrid 4-Dr Sedan $244 $430 $280 $16 $84 $1,079 $90
Civic SI 2-Dr Coupe $244 $562 $350 $20 $106 $1,307 $109
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Honda Civic insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $154 $294 $280 $16 $84 $828 $69
Civic VP 4-Dr Sedan $154 $348 $280 $16 $84 $882 $74
Civic LX 4-Dr Sedan $154 $348 $280 $16 $84 $882 $74
Civic DX 2-Dr Coupe $154 $348 $350 $20 $106 $978 $82
Civic EX 4-Dr Sedan $154 $348 $280 $16 $84 $882 $74
Civic LX-S 4-Dr Sedan $154 $348 $280 $16 $84 $882 $74
Civic LX 2-Dr Coupe $154 $400 $350 $20 $106 $1,030 $86
Civic EX-L 4-Dr Sedan $176 $400 $280 $16 $84 $956 $80
Civic SI 4-Dr Sedan $176 $400 $280 $16 $84 $956 $80
Civic EX 2-Dr Coupe $176 $400 $350 $20 $106 $1,052 $88
Civic GX 4-Dr Sedan $176 $400 $280 $16 $84 $956 $80
Civic EX-L 2-Dr Coupe $176 $400 $350 $20 $106 $1,052 $88
Civic Hybrid 4-Dr Sedan $200 $348 $280 $16 $84 $928 $77
Civic SI 2-Dr Coupe $200 $452 $350 $20 $106 $1,128 $94
Get a Quote for Your Vehicle Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rates do not factor in garaging location in Lawrence which can lower or raise premium rates greatly.

Based on the above data, using a $250 deductible will cost you roughly $12 more each month or $144 for a full year than requesting the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go at least 21 months between claims, you would probably come out ahead if you choose a higher deductible.

Should you buy full coverage?

The illustration below visualizes the comparison of GMC Acadia annual premium costs with liability coverage only compared to full coverage. The premium estimates are based on no violations or claims, $500 deductibles, single female driver, and no discounts are applied to the premium.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop comp and collision

There is no exact rule to delete comp and collision coverage, but there is a general guideline. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let's say your GMC Acadia claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $7,000 after paying the physical damage deductible. If you are paying in excess of $700 a year for your policy with full coverage, then you may need to consider dropping full coverage.

There are some cases where only buying liability is not a good plan. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.

Lawrence insurance rates: Men versus women

The illustration below shows the comparison of car insurance costs for male and female drivers in Lawrence. The information is based on no violations or accidents, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are applied on a Ford Focus SES.

Ford Focus rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Get discounts on Lawrence auto insurance

Car insurance companies don't always advertise every policy discount very clearly, so the list below contains both well-publicized as well as the least known credits that may apply to you.Auto insurance discounts

You can save money using discounts, but many deductions do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comp or med pay. Even though it appears you can get free auto insurance, you aren't that lucky.

Companies who might offer these benefits are:

It's a good idea to ask each company or agent to give you their best rates. Some of the earlier mentioned discounts may not apply in your state. To choose companies offering auto insurance discounts in Lawrence, click here.

Insurance does more than just protect your car

Despite the potentially high cost of insurance, buying insurance may be required and benefits you in several ways.

The benefits of insuring your car definitely exceed the cost, especially when you need to use it. But the average American driver overpays more than $850 per year so you should quote rates at least once a year to ensure rates are competitive.

Car insurance claim information

Are you driving a vehicle with a high chance of a claim? The statistics below list the best and worst makes and models for the overall chance of filing claims orgainized by coverage.

Medical Payment Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Silverado 2500 Mitsubishi Mirage
Ford F-250 SuperCrew Chevrolet Sonic
Chevrolet Corvette Chevrolet Spark
Ford Expedition Nissan Sentra
Chevrolet Silverado 3500 Mitsubishi Lancer
Land Rover Range Rover Sport Hyundai Accent

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Car Insurance Collision Claims by Manufacturer Model
Lowest Claim Frequency Highest Claim Frequency
Ford F-150 SuperCrew Audi RS7
Mini Cooper Bentley Continental Flying Spur
Ford F-250 SuperCab BMW M6
Jeep Wrangler Bently Continental GTC
Ford Edge Bently Continental GT
Nissan Xterra Nissan GT-R

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lowest and Highest Car Insurance Liability Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
Audi A6 Kia Optima
Subaru Forester Mitsubishi Mirage
Subaru Outback Chevrolet Impala
Acura MDX Chrysler 200
Fiat 500 Kia Rio
Mercedes-Benz SL Class Chevrolet Sonic

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Vehicle Models with the Lowest and Highest Auto Insurance Comprehensive Claims
Lowest Claim Frequency Highest Claim Frequency
GMC Sierra 2500 BMW M6
Ford F-350 Bentley Continental GT
Chevy Silverado 2500 Bentley Continental GTC
Smart ForTwo Maserati Quattroporte
Nissan Xterra Porsche Panamera GTS
Infiniti QX50 Mercedes-Benz S Class

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Parts of your car insurance policy

Understanding the coverages of a car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Car insurance terms can be confusing and coverage can change by endorsement. These are typical coverage types found on the average car insurance policy.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like X-ray expenses, EMT expenses, dental work and surgery. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision coverage

This coverage covers damage to your vehicle caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like scraping a guard rail, rolling your car and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It's also possible to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle's occupants as well as your vehicle's damage.

Because many people only carry the minimum required liability limits (25/50/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Liability insurance

This provides protection from damage or injury you incur to a person or their property in an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/10 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property.

Liability coverage pays for things like pain and suffering, medical expenses and repair bills for other people's vehicles. How much liability coverage do you need? That is a personal decision, but consider buying as much as you can afford. Indiana requires minimum liability limits of 25/50/10 but it's recommended drivers buy more coverage.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from flooding, a tree branch falling on your vehicle, hitting a deer and hitting a bird. The maximum payout you'll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

One last thing about your coverage

The cheapest insurance in Lawrence is attainable on the web and also from your neighborhood Lawrence agents, and you should compare rates from both to have the best rate selection. Some insurance companies do not provide rate quotes online and usually these regional insurance providers only sell coverage through local independent agents.

When buying insurance coverage, you should never reduce needed coverages to save money. There have been many situations where drivers have reduced liability coverage limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy a smart amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

Additional detailed information can be found by following these links: