For drivers in Evansville, one of the largest factors that determine the amount you pay each year for auto insurance is where you choose to live. Larger areas are more likely to have higher rates, whereas areas with less congestion have the gratification of cheaper auto insurance rates.
The table below rates the most expensive places in Indiana in which to buy car insurance. Evansville ranks #9 with an annual rate of $1,045 for the average insurance policy, which is around $87 each month.
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Rate information is estimated as zip code location can affect price quotes significantly.
Since we know where Evansville ranks compared to other areas, determining which company offers the cheapest insurance rates in Evansville requires a little more sweat in order to find the best policy. Every insurance provider has a proprietary method to establish rates, so let's look at the rankings for the insurance companies that tend to be cheaper in Evansville, IN.
It's important to know that Evansville, IN insurance rates are calculated based on many things that control the price you have to pay. Turning one year older, filing a claim, or getting a speeding ticket can trigger changes in premium resulting in some companies being more affordable than others.
Compare Cheap Insurance Quotes in Evansville
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$849|
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Travelers offers some of the best car insurance rates in Evansville at around $602 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also make the list of some of the lowest-priced Evansville, IN car insurance companies.
As shown above, if you buy coverage from Erie and switched to Travelers, you could realize yearly savings of upwards of $110. Insureds with Western Reserve could save as much as $236 a year, and Indiana Farmers Mutual customers might lower prices by up to $247 a year.
Remember that these policy rates are averaged across all types of insureds and vehicles and and are not figured with an exact location in Evansville. So the auto insurance company that is best for you may not even be in the top 36 companies in the list above. That affirms the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.
The type of vehicle you are insuring is one of the main factors that determines whether or not you can buy the most economical coverage in Evansville. Vehicles with lots of horsepower, a lack of advanced safety features, or a high likelihood of having liability claims will cost significantly more to insure than more economical and safe models.
The next list illustrates insurance premiums for the most affordable vehicles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,131|
|Ford Escape XLT 4WD||$1,267|
|Ford F-150 XLT Super Cab 4WD||$1,291|
|Honda CR-V EX-L 2WD||$1,311|
|Honda Odyssey EX W/Rear Entertainment||$1,313|
|Ford Focus S 4-Dr Sedan||$1,320|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,325|
|Toyota RAV4 Limited 2WD||$1,337|
|Chevrolet Malibu Hybrid||$1,344|
|Chevrolet Equinox LS AWD||$1,337|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,380|
|Toyota Corolla LE||$1,409|
|Chevrolet Impala LTZ||$1,414|
|Jeep Grand Cherokee Limited 2WD||$1,435|
|Chevrolet Silverado LT Regular Cab||$1,441|
|Nissan Rogue SL 2WD||$1,435|
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rate quotes do not factor in vehicle garaging location which can raise or lower premium rates greatly.
Based on these rates, you can presume that cars like the Honda Accord, Toyota Prius, Ford Escape, Ford F-150, and Honda CR-V are most likely going to be a few of the most affordable vehicles to insure for drivers in Evansville.
Get discount Evansville insurance rates
Insurance providers that sell policies in Evansville could also offer price discounts that could potentially reduce rates by as much as 40% or more if you meet eligibility requirements. A few popular companies and their possible discounts can be found below.
- American Family may have discounts that include bundled insurance, accident-free, TimeAway discount, good driver, mySafetyValet, and good student.
- State Farm offers discounts for good student, good driver, multiple policy, defensive driving training, anti-theft, safe vehicle, and passive restraint.
- 21st Century policyholders can earn discounts including teen driver, driver training, 55 and older, anti-lock brakes, early bird, automatic seat belts, and air bags.
- Travelers has discounts for continuous insurance, hybrid/electric vehicle, driver training, student away at school, multi-car, early quote, and multi-policy.
- GEICO discounts include military active duty, emergency military deployment, defensive driver, membership and employees, multi-vehicle, good student, and air bags.
The illustration below illustrates the difference between annual premium costs with and without discounts applied to the rates. The rate quotes are based on a male driver, no claims or driving citations, Indiana state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, safe-driver, accident-free, homeowner, multiple vehicle, and anti-theft discounts applied. When discounts are applied, the average amount saved each year on insurance in Evansville is 28% or $366.
Rate increases following a ticket or accident
The obvious way to find the cheapest insurance rates for drivers in Evansville is to be a safe driver and have a clean driving record. The illustration below demonstrates how traffic citations and fender-benders drive up auto insurance costs for different age categories. The data assumes a married female driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
In the previous chart, the average cost of car insurance in Evansville per year with a clean driving record and no accidents is $910. Get two speeding tickets and the average cost swells to $1,283, an increase of $372 each year. Next add one accident along with the two speeding tickets and the 12-month cost of insurance in Evansville goes up to an average of $1,659. That's an increase of $748, or $62 per month, just for not being attentive to the road!
The information below shows how different deductible levels can change insurance costs when searching for cheap insurance in Evansville. Data assumes a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
The data above shows that a 30-year-old driver could lower rates by $216 a year by switching from a $100 deductible to a $500 deductible, or save $328 by changing to a $1,000 deductible. Youthful drivers, like the age 20 example, could drop their prices up to $652 every year by selecting a higher deductible. When raising deductibles, it is necessary to have plenty of savings on hand to allow you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.