Determining which insurers offer the lowest-priced car insurance rates in Bloomington requires a little more effort in order to find the lowest price quote. Each insurance company uses a different method for determining rates in each state, so let's take a look at the car insurance companies with the most affordable rates in Bloomington.
It's a good idea to know that Bloomington car insurance rates are impacted by many things that will increase or decrease the price you have to pay for coverage. Improving your credit rating, buying a new vehicle, or having a fender bender can trigger rate changes resulting in some rates now being more affordable than before.
|Rank||Company||Cost Per Year|
|5||Indiana Farmers Mutual||$849|
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Travelers offers some of the cheapest car insurance rates in Bloomington at around $614 per year. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also qualify as some of the lowest-priced Bloomington, IN car insurance companies.
In the above rates, if you are a customer of USAA and switched to Travelers, you could earn yearly savings of in the vicinity of $67. Insureds with Cincinnati Insurance could save as much as $70 a year, and Erie customers might realize rate reductions of up to $119 a year.
To discover how much you can save, click here to get a free quote or visit several of the following companies.
These rates are averages across all insureds and vehicles and and are not figured with an exact zip code location in Bloomington. So the car insurance company that is most affordable for your situation may not even be in the list above. That points out the importance of why you need to get rate quotes using your own specific driver and vehicle information.
For drivers in Bloomington, one of the big factors that are used to help calculate the price you pay for insurance is where you choose to live. Cities with larger populations or higher claim trends tend to pay more, whereas areas with less congestion have the luxury of cheap car insurance rates.
The illustration below lists the most costly cities in Indiana to purchase car insurance in. Bloomington ranks #16 costing $958 for car insurance, which is approximately $80 monthly.
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Rates are estimated as the specific garaging location can impact prices greatly.
The car, truck, or SUV that is being insured is one of the primary factors when looking for the cheapest car insurance in Bloomington. Vehicles with economical engines, good crash test ratings, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models. The information below features auto insurance prices for a number of the cheapest vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$943|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$948|
|Ford Escape XLT 2WD||$974|
|Honda Odyssey EX||$997|
|Ford Edge SE AWD||$1,007|
|Ford Explorer Limited 4WD||$1,037|
|Ford F-150 STX Super Cab 2WD||$1,073|
|Honda Civic Hybrid 4-Dr Sedan||$1,093|
|Ford Fusion SE 4-Dr Sedan||$1,101|
|Nissan Altima 2.5 4-Dr Sedan||$1,116|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$1,131|
|Ford Focus SES 2-Dr Coupe||$1,148|
|Honda Accord LX-S 2-Dr Coupe||$1,158|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,148|
|Chevrolet Impala LT||$1,150|
|Toyota RAV4 Limited 4WD||$1,155|
|Chevrolet Malibu Hybrid||$1,150|
|Kia Optima EX||$1,167|
|Toyota Tacoma Double Cab 4WD||$1,175|
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Table data represents 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, multi-vehicle, safe-driver, homeowner, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can modify price quotes noticeably.
Based upon the rates shown, vehicles like the Honda CR-V, Jeep Wrangler, Ford Escape, and Honda Odyssey are going to be some of the most affordable vehicles to insure for drivers in Bloomington.
Types of discounts on Bloomington insurance rates
Insurers that offer coverage in Bloomington may have premium discounts that may potentially lower prices by 25% or more if you meet eligibility requirements. Large car insurance companies and some of the discounts can be found below.
- Farmers Insurance has discounts for multi-car, alternative fuel, youthful driver, distant student, and pay in full.
- State Farm offers discounts for safe vehicle, multiple policy, passive restraint, multiple autos, good driver, and good student.
- Liberty Mutual offers discounts including safety features, new vehicle discount, teen driver discount, newly married, newly retired, good student, and new graduate.
- MetLife may include discounts for defensive driver, claim-free, good driver, accident-free, good student, multi-policy
- Progressive policyholders can earn discounts including multi-vehicle, good student, online signing, homeowner, continuous coverage, multi-policy, and online quote discount.
The illustration below shows the comparison of yearly insurance costs with and without discounts applied. The rates are based on a male driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, passive restraint, multiple policy, homeowner, accident-free, and marriage discounts applied. With discounts applied, the average savings per year on car insurance in Bloomington is 27% or $443.
Tips for buying the cheapest car insurance in Bloomington
The list below summarizes some of the better penny-pinching solutions that can help drivers buy lower-cost auto insurance.
- Buy a safer vehicle
- Bundle car and home insurance and save money
- Don't waste money on full coverage for older vehicles
- Raise physical damage deductibles
- Good credit can mean cheaper rates
- Try paying for small claims out-of-pocket
- Shop around for cheaper prices
The final tip is extremely significant, as we noted in the article above. Car insurance rates can be adjusted at any time, so drivers shouldn't be reluctant to change to a new company if a more affordable rate is found.
Many drivers tend to have loyalty to a certain company, but is isn't recommended if that stubbornness costs you lots of money. It only takes a couple minutes to compare rates to find cheaper insurance in Bloomington.