After getting a DUI, one of the largest considerations that aid in calculating the annual cost of car insurance is your zip code. Larger areas like Gary, Merrillville, and Evansville are more likely to have higher rates, whereas less populated areas have the benefit of cheaper auto insurance prices.
The following table ranks the most expensive areas in Indiana for drivers with a DUI to buy an auto insurance policy in.
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Premium amounts are estimated as specific Indiana garaging address can increase or decrease premiums greatly.
Trying to buy cheap insurance is not always easy, and deciding which companies offer the most affordable auto insurance rates for drivers with a DUI in Indiana calls for even more rate comparisons. Rates may be significantly more than the average policy in Indiana, with the higher price attributed to the potential for higher claims that comes with selling insurance after getting a DUI, but reasonable coverage should be attainable with a little diligence. Every insurance company uses a different method to determine premium rates, so let's begin by examining the most budget-friendly auto insurance companies in Indiana.
Keep in mind that Indiana auto insurance rates are based on many factors that may substantially change the cost of your policy. Price variation is why it is critical to shop around with many companies when trying to find the most budget-friendly insurance quotes for drivers with a DUI. Car insurance prices are influenced by many factors and can change substantially, so the best company six months ago may now be costing you a lot of money.
Find the Cheapest Car Insurance after a DUI
Travelers may offer some of the best car insurance rates in Indiana at around $620 per year. Cincinnati Insurance, USAA, Erie, and The Hartford are also some of the lowest-priced Indiana insurance companies.
As shown above, if you are insured with Cincinnati Insurance and switched to Travelers, you may see savings of in the neighborhood of $38. Drivers with USAA might save as much as $61 a year, and Erie customers might lower prices by $92 a year.
To find out how your current rates compare, click here to get a free quote or feel free to get quotes from the companies below.
Bear in mind that those premiums are averages across all drivers and vehicles and are not factoring in a price increase for drivers with a DUI. So the insurer that fits your situation best may not even be in the top 36 companies shown above. That emphasizes why you need to quote rates from many companies using your own driver data and vehicle information.
Liability rates compared to full coverage
Finding the cheapest auto insurance is important to most vehicle owners, and an effective way to pay less for insurance for drivers with a DUI in Indiana is to buy only liability coverage. The information below illustrates the comparison of auto insurance costs with liability coverage only compared to full coverage. The rate quotes are based on no violations or claims, $100 deductibles, marital status is single, and no additional discounts are factored in.
If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs $1,613 per year over liability only. A very common question is when is it safe to stop buying full coverage. There is no set guideline that is best for determining when to drop full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of the vehicle's replacement cost less your deductible, then you may need to consider dropping full coverage.
For example, let's assume your vehicle's replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying the physical damage deductible. If you are currently paying more than $400 annually to have full coverage, then you might consider buying liability only.
The example below illustrates how your choice of deductibles can impact insurance premiums when researching cheap insurance for drivers with a DUI in Indiana. The price estimates are based on a single male driver, comp and collision included, and no discounts are applied.
In the chart above, a 40-year-old driver could lower their car insurance rates by $276 a year by switching from a $100 deductible up to a $500 deductible, or save $418 by using a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could shave up to $912 or even more just by choosing larger deductibles.
If you make the decision to raise deductibles, it is a good idea to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
The importance of comparing Indiana car insurance rates
Indiana auto insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. Simply having another birthday, filing a claim, or getting a speeding ticket can trigger price changes resulting in some rates now being cheaper than before. Also, car insurance companies modify rates every year to help ensure profitability. Significantly higher claims can cause high rates, while a lower level of claims can produce lower-cost Indiana car insurance rates.
To illustrate this example, the graph below compares the cheapest car insurance in Indiana for a 40-year-old male driver with no prior claims, no tickets, and a decent credit rating. Based on his current risk factors, Travelers may have the best car insurance rates in Indiana at $602 a year. This is $638 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are the remainder of the best Indiana auto insurance companies.
In the next rate comparison, we'll give the driver from the first set of rates an accident surcharge, a lower credit score, and a speeding ticket. Since each auto insurance company has a proprietary formula for determining prices, comparing insurance quotes may now show a different ranking of the cheapest car insurance companies in Indiana as shown below.
The Hartford now has the best price in Indiana with Auto-Owners, Nationwide, Cincinnati Insurance, and USAA also being competitive. This example illustrates why Indiana drivers need to spend some time comparing rates when trying to get cheap auto insurance quotes for drivers with a DUI.
Prices consist of many risk factors and can decrease or increase without notice, so the cheapest company the last time you checked may now be wasting a lot of money.
Ideas for buying economical insurance for drivers with a DUI in Indiana
It is possible to find better rates, and here are some of the recommended money-saving solutions that can help drivers locate cheap auto insurance.
- Safe vehicles generally have lower rates
- Buying car and homeowners insurance together can save money
- Improve your credit rating
- Do not pay for full coverage if not needed
- Remain accident-free and save
- Comparison shop at least every other year
The last tip in the list is highly significant, as was pointed out in this article. Prices charged by auto insurers vary greatly, so don't be afraid to switch to a new company if a more affordable rate is found. Having a favorite company is great, but it's not recommended if that stubbornness costs you big bucks every year. If you have a few minutes, now is a great time to compare prices and find cheaper insurance for drivers with a DUI.