One of the more important criteria that are looked at to determine insurance cost is your zip code in Indiana. Regions with more people or even just more weather-related claims like Gary, Merrillville, and Evansville tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The next table rates the highest-priced areas in Indiana for state employees to buy auto insurance in.
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Rate quotes are comparative as the specific garaging location can increase or decrease price quotes significantly.
The type of vehicle driven is probably the biggest factor that determines whether or not you can buy low-priced auto insurance for state employees. Vehicles with reasonable performance levels, good safety features, or a low likelihood of liability claims will cost significantly less to insure than fast, unsafe models. The table below ranks coverage rates for the cheapest vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$554|
|Honda Accord EX-L 4-Dr Sedan||$603|
|Dodge Grand Caravan CV||$622|
|Honda CR-V LX 4WD||$627|
|Volkswagen Jetta 2.0T Station Wagon||$652|
|Chevrolet Impala LT||$657|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$669|
|Honda Odyssey EX-L W/Rear Entertainment||$694|
|Chevrolet Silverado LT Regular Cab 2WD||$706|
|Toyota RAV4 Sport 2WD||$721|
|Ford Edge SEL 2WD||$726|
|Ford Explorer Limited 2WD||$734|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$739|
|Chevrolet Equinox LS 2WD||$741|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$758|
|Hyundai Elantra GLS 4-Dr Sedan||$761|
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Rates do not factor in garaging location in Indiana which can influence insurance rates noticeably.
Based on these rates, models like the Ford Escape, Honda Accord, and Dodge Grand Caravan are most likely to be the more affordable vehicles to insure for state workers.
Deciding which insurers offer the cheapest car insurance rates for state employees in Indiana will require a bit more effort than just getting one or two price quotes.
Every car insurance company has a proprietary formula for filing rates in each state, so let's take a look at the lowest cost car insurance companies in Indiana.
Find the Cheapest Auto Insurance in Indiana
|Rank||Company||Cost Per Year|
|7||Indiana Farmers Mutual||$867|
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Travelers generally has some of the most affordable car insurance rates in Indiana at around $602 annually. USAA, Cincinnati Insurance, Erie, and Western Reserve also make the cut as some of the cheaper Indiana auto insurance companies.
In the above rates, if you are currently insured with USAA and switched to Travelers, you could see yearly savings of upwards of $65. Drivers with Cincinnati Insurance might save as much as $76 a year, and Erie policyholders might realize rate reductions of up to $131 a year.
Be aware that those prices are averaged for all types of drivers and the different vehicles they drive and and are not figured with a price decrease for state employees. So the auto insurance company that has the cheapest rates for you may not even be in the list above. That is why you need to get rate quotes from many companies using your own personal information and vehicle type.
Car insurance rates are higher with tickets and accidents
The common sense way to get the cheapest car insurance rates for state workers is to drive carefully and avoid getting tickets or having accidents. The illustration below highlights how speeding tickets and at-fault accidents drive up car insurance rates for each age group. The data assumes a single male driver, full coverage, $500 deductibles, and no discounts are applied.
The data above shows the average cost of car insurance in Indiana per year with no violations or accidents is $1,328. Get written up for one speeding ticket and the average cost surges to $1,497, an increase of $169 each year. Now get one accident along with the one speeding ticket and the yearly cost of car insurance for state employees in Indiana jumps again to an average of $1,964. That's an increase of $636, or $53 per month, just for not driving carefully!
Should you buy full coverage?
Finding cheaper car insurance should be important to most drivers, and one way to pay lower rates for insurance for state employees in Indiana is to not buy full coverage. The example below compares car insurance costs with full physical damage coverage compared to only buying liability only. The data is based on no claims, a clean driving record, $100 deductibles, drivers are not married, and no other discounts are factored in.
If we average all the age groups together, comprehensive and collision coverage on your policy costs an extra $2,160 per year more than carrying just liability coverage. Many drivers may wonder if full coverage is worth the money. There is no clear-cut rule for excluding physical damage insurance, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
How to find more affordable insurance for state employees in Indiana
The list below summarizes a few penny-pinching ideas that can help drivers get low-cost auto insurance.
- Safe vehicles cost less to insure
- Buying home and auto together can help save money
- Staying accident-free helps keep rates low
- Full coverage may not be needed on older vehicles
- Try to not file small claims
- Maintain a clean driving record
- Compare rates often to find the best deal
The last suggestion is notably valuable, as we noted in the prior information. Auto insurance rates change constantly, so you should be ready to switch carriers if you find a cheaper price.
Staying with the same car insurance company is fine, but it's not a good idea if that devotedness results in you overpaying a lot of money every month. It takes less than five minutes to shop around to find cheaper auto insurance for state employees.