For eco-friendly vehicles, one of the big components that are used to help calculate insurance cost is where your car is garaged in Indiana. Areas with more people or more claims like Gary, Merrillville, and Evansville tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims benefit from lower rates.
The following table lists the most expensive cities in Indiana for electric cars to buy auto insurance in.
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Premium costs are comparative as specific Indiana garaging address can increase or decrease coverage prices significantly.
The type of vehicle you are trying to insure is a large consideration when trying to find the most affordable insurance for electric cars. Vehicles with more horsepower, poor safety ratings, or a history of substantial liability claims will cost much more to insure than more economical and safe models. The next list ranks auto insurance premiums for a handful of the cheapest vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$474|
|Honda CR-V LX 4WD||$483|
|Ford F-150 XL Super Cab 2WD||$519|
|Honda Accord LX-P 4-Dr Sedan||$528|
|Ford Escape XLT 4WD||$543|
|Honda Odyssey EX||$549|
|Chevrolet Malibu Hybrid||$559|
|Toyota RAV4 Limited 2WD||$568|
|Ford Focus SES 4-Dr Sedan||$578|
|Dodge Grand Caravan CV||$580|
|Ford Edge Sport AWD||$588|
|Chevrolet Impala LTZ||$597|
|Toyota Tacoma 2WD||$598|
|Chevrolet Equinox LS AWD||$625|
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in the specific area where the vehicle is garaged which can decrease or increase premiums noticeably.
Based upon the rates shown, vehicles like the Hyundai Elantra, Honda CR-V, Ford F-150, Honda Accord, and Ford Escape are most likely to be some of the cheapest vehicles to insure for eco-friendly vehicles.
Finding out which company has the cheapest car insurance rates for electric cars in Indiana will involve a tad more effort than just picking a company at random. Every car insurance company uses their own method to set their prices, so let's take a look at the most competitive car insurance companies in Indiana.
It's important to know that Indiana car insurance rates are impacted by many things which can substantially decrease or increase the cost of having a policy. Simply having another birthday, getting married, or getting a DUI can cause premium changes that can make some companies cheaper than others.
Lowest Insurance Price Quotes for EV's
|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 $620 each year. USAA, Cincinnati Insurance, Erie, and The Hartford would also be considered some of the cheapest Indiana auto insurance companies.
As shown in the table above, if you have coverage with Cincinnati Insurance and switched to Travelers, you might see a yearly price reduction of around $64. Indiana drivers with Erie may save as much as $113 a year, and The Hartford customers might lower prices by up to $243 a year.
To compare your rates to other Indiana insurance companies, click here to start a quote or visit any of the companies below.
Be aware that those prices are averaged across all drivers and vehicles and are not factoring in a price discount for electric cars. So the company that is best for you may not even be in the top 36 companies in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own individual information.
Careless Indiana drivers pay higher rates
In a perfect world, the ideal way to snag low car insurance premiums in Indiana for eco-friendly vehicles is to be a cautious driver and have a clean driving record. The chart below shows how speeding tickets and at-fault fender-benders raise yearly insurance costs for different ages of insureds. The information is based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of an auto insurance policy in Indiana per year with no violations or accidents is $1,221. Factor in two speeding tickets and the average cost increases to $1,629, an increase of $408 each year. Now get one accident along with the two speeding tickets and the annual cost of car insurance for electric cars in Indiana increases to an average of $2,041. That's an increase of $821, or $68 per month, just for not driving attentively!
The illustration below demonstrates how choosing different deductibles can change insurance premiums when searching for cheap insurance for electric cars in Indiana. The price estimates are based on a married male driver, comp and collision included, and no additional discounts are factored in.
The chart above illustrates that a 30-year-old driver could cut expenses by $290 a year by increasing from a $100 deductible up to a $500 deductible, or save $438 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old, could shave up to $890 or more by choosing a larger deductible amount. If you make the decision to raise deductibles, it will now be necessary to have plenty of discretionary funds to offset the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Discount Indiana auto insurance
Insurance providers that provide coverage for electric cars may provide policy discounts that can reduce rates by as much as 25% or more if you qualify for them. A list of car insurance companies and the discounts they provide can be read below.
- GEICO policyholders can earn discounts including air bags, seat belt use, good student, multi-policy, and federal employee.
- MetLife offers discounts for good driver, good student, claim-free, defensive driver, accident-free, and multi-policy.
- Progressive may offer discounts for good student, multi-vehicle, online quote discount, continuous coverage, and multi-policy.
- Travelers includes discounts for student away at school, early quote, driver training, hybrid/electric vehicle, and multi-car.
- SAFECO offers discounts including multi-car, anti-theft, anti-lock brakes, teen safe driver, safe driver, and teen safety rewards.
- AAA has discounts for good driver, education and occupation, pay-in-full, multi-car, multi-policy, anti-theft, and good student.
The illustration below shows the comparison of insurance costs with and without discounts. The rates are based on a male driver, no violations or accidents, Indiana state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, defensive driving course, passive restraint, anti-theft, safe-driver, and marriage discounts applied. When discounts are applied, the the average yearly reduction on car insurance for electric cars is 28% or $608.