One of the many components that determine the annual cost of car insurance is your address in Indiana. Areas with more people or higher crime rates like Gary, Portage, and Indianapolis likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.
The information below rates the highest-priced areas in Indiana for good students to purchase a policy in.
|Rank||City||Average Per Year|
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Table data uses comparative as the specific Indiana residence address can influence insurance rates significantly.
The vehicle to be insured is a large factor when comparing quotes for the best cheap auto insurance for good students. Vehicles with more horsepower, poor safety ratings, or high incidents of liability claims will cost more to insure than safer, lower-performance models. The information below illustrates insurance rates for a selection of the most affordable vehicles to insure in Indiana.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,243|
|Honda CR-V EX 2WD||$2,251|
|Ford Escape Limited 4WD||$2,412|
|Hyundai Elantra SE Touring Station Wagon||$2,421|
|Ford F-150 XLT Regular Cab 2WD||$2,490|
|Dodge Grand Caravan SE||$2,513|
|Ford Edge SE AWD||$2,636|
|Chevrolet Equinox LT AWD||$2,659|
|Toyota RAV4 Limited 4WD||$2,667|
|GMC Sierra SLE Crew Cab 2WD||$2,659|
|Ford Explorer Eddie Bauer 4WD||$2,683|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$2,780|
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Data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in garaging location in Indiana which can revise price quotes greatly.
Looking at the data, you can assume that vehicles like the Honda Accord, Honda CR-V, Ford Escape, and Hyundai Elantra are most likely going to be a few of the most economical vehicles to insure for student drivers.
Indiana auto insurance company ratings
Finding the best auto insurance company can be rather challenging considering how many choices there are in Indiana. The company information below can help you analyze which companies you want to consider to insure your vehicles.
These ratings are for companies that insure vehicles across America, so smaller companies that only insure vehicles in Indiana are not factored into the list. To compare rates and find the cheapest rates for good students, click this link.
Top 10 Major Auto Insurance Companies Overall in Indiana
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
The illustration below demonstrates how deductibles can affect insurance costs when searching for cheap insurance for good students in Indiana. The information is based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could save $312 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $470 by selecting a $1,000 deductible. Youthful drivers, such as the 20-year-old example, can cut $1,042 annually just by choosing larger deductibles. When increasing deductibles, it will be important to have enough funds in savings to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Get discount Indiana auto insurance
Car insurance companies that sell policies for good students may also offer discounts that may potentially lower prices by as much as 35% if you meet certain criteria. A few of the larger companies and some of the discounts can be read below.
- State Farm may offer discounts for Steer Clear safe driver discount, multiple autos, driver's education, anti-theft, defensive driving training, and Drive Safe & Save.
- Progressive has savings for continuous coverage, multi-policy, homeowner, multi-vehicle, good student, and online signing.
- Travelers discounts include student away at school, home ownership, multi-policy, hybrid/electric vehicle, multi-car, and save driver.
- American Family offers discounts including defensive driver, accident-free, early bird, good driver, Steer into Savings, and bundled insurance.
- Liberty Mutual includes discounts for good student, newly retired, multi-car, preferred payment discount, exclusive group savings, and new graduate.
The chart below illustrates the comparison of yearly insurance costs with and without discounts applied to the premium. The information is based on a male driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with continuous coverage, anti-theft, paid-in-full, paperless filing, vehicle safety, and good student discounts applied. When discounts are applied, the the average amount saved on auto insurance for good students is 28% or $705.