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.

How much does car insurance cost in Indiana?
Rank City Annual Premium
1 Gary $1,388
2 Hammond $1,288
3 Merrillville $1,128
4 Portage $1,126
5 Evansville $1,087
6 New Albany $1,070
7 Lawrence $1,066
8 Indianapolis $1,050
9 Jeffersonville $1,038
10 Terre Haute $1,035
11 Anderson $1,011
12 Kokomo $1,011
13 Bloomington $988
14 Fort Wayne $976
15 South Bend $976
16 Columbus $975
17 Fishers $974
18 Richmond $973
19 Mishawaka $965
20 Elkhart $965
21 Greenwood $960
22 Carmel $947
23 Noblesville $930
24 Muncie $927
25 Lafayette $926
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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.

Cheapest Vehicles to Insure for Electric Cars in Indiana
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 Prius $593
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.

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Cheapest auto insurance in Indiana ranked by cost per year
Rank Company Cost Per Year
1 Travelers $620
2 USAA $661
3 Cincinnati Insurance $684
4 Erie $733
5 The Hartford $863
6 Western Reserve $864
7 Indiana Farmers Mutual $867
8 Auto-Owners $906
9 Nationwide $940
10 Safeco $973
11 State Farm $987
12 Utica National $995
13 Motorists Mutual $996
14 Hastings Mutual $1,003
15 Farmers $1,033
16 Wolverine Mutual $1,061
17 GEICO $1,089
18 Progressive $1,095
19 Westfield $1,105
20 State Auto $1,120
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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.

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.