Trying to find low-cost auto insurance is confusing at best, and determining which companies offer the lowest-priced auto insurance rates in Merrillville calls for even more rate comparisons.

Every auto insurer has a proprietary method for determining prices, so we'll take a look at the most competitive auto insurance companies in Indiana.

Who has the cheapest car insurance in Indiana?
Rank Company Cost Per Year
1 Travelers $596
2 Cincinnati Insurance $684
3 USAA $687
4 Erie $733
5 Indiana Farmers Mutual $849
6 Western Reserve $872
7 Auto-Owners $879
8 The Hartford $881
9 Nationwide $958
10 Utica National $965
11 State Farm $967
12 Safeco $983
13 Motorists Mutual $986
14 Hastings Mutual $1,013
15 Farmers $1,022
16 Wolverine Mutual $1,072
17 GEICO $1,089
18 Progressive $1,095
19 State Auto $1,098
20 Westfield $1,105
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Travelers generally has some of the cheapest car insurance rates in Merrillville at around $596 annually. This is $644 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are also some of the cheaper Merrillville, IN car insurance companies.

As depicted above, if you are a policyholder with Indiana Farmers Mutual and switched to Cincinnati Insurance, you may realize an annual premium reduction of upwards of $165. Policyholders with Western Reserve might save as much as $188 a year, and Auto-Owners policyholders might reduce prices by as much as $195 a year.

To find out how much you can save, click here to get a free quote or visit any of the companies below.

It's important to note that these estimates are averages for all drivers and vehicles and do not take into consideration an exact location in Merrillville. So the car insurance company that is best suited for you may not even be in the top 36 companies shown above. That affirms the importance of why you need to compare prices as often as possible using your own personal information and vehicle type.

For drivers in Merrillville, one of the largest things that aid in calculating the price you pay for insurance is your zip code. Cities with more crime and/or more people tend to have higher rates, whereas areas with less crime or weather claims tend to receive cheaper rates.

The illustration below ranks the priciest cities in Indiana in which to purchase auto insurance. Merrillville is listed at #3 with an annual rate of $1,106 for coverage, which is approximately $92 each month.

How much is auto insurance in Merrillville, IN?
Rank City Premium Per Year
1 Gary $1,401
2 Hammond $1,314
3 Merrillville $1,106
4 Portage $1,104
5 Lawrence $1,099
6 Indianapolis $1,082
7 Terre Haute $1,077
8 New Albany $1,070
9 Jeffersonville $1,070
10 Evansville $1,045
11 Kokomo $1,031
12 Anderson $1,001
13 Bloomington $968
14 Mishawaka $965
15 South Bend $956
16 Elkhart $956
17 Columbus $955
18 Fishers $954
19 Noblesville $948
20 Carmel $947
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Table data uses comparative as the garaging address in Merrillville can raise or lower premium rates substantially.

The make and model of vehicle needing coverage is one of the largest considerations when looking for the cheapest insurance in Merrillville. Vehicles with lots of speed or power, poor safety ratings, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The next table presents coverage costs for a selection of the cheapest automobiles to buy coverage for.

Cheapest Vehicles to Insure in Merrillville, IN
Make, Model, and Trim Level Estimated Cost for Full Coverage
Volkswagen Jetta S 2.5 Station Wagon $1,292
Honda CR-V LX 2WD $1,304
Ford Escape XLT 4WD $1,333
Ford Explorer Eddie Bauer 2WD $1,336
Honda Accord LX-P 4-Dr Sedan $1,346
Ford Fusion S 4-Dr Sedan $1,410
Toyota RAV4 4WD $1,415
Dodge Grand Caravan SXT $1,437
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,451
Hyundai Elantra Blue 4-Dr Sedan $1,461
Ford F-350 XL Super Cab 2WD $1,464
Nissan Altima 2.5 S 4-Dr Sedan $1,486
Toyota Prius $1,491
Honda Odyssey Touring $1,513
GMC Sierra 3500HD SLE Regular Cab 2WD $1,540
Chevrolet Malibu Hybrid $1,545
Chevrolet Equinox LS AWD $1,554
Ford Edge SEL 2WD $1,552
Ford F-150 Lariat Super Cab 2WD $1,577
Chevrolet Impala LT $1,589
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in specific garaging location which can impact premiums considerably.

By looking at the data, you can presume that vehicles like the Volkswagen Jetta, Honda CR-V, Ford Escape, Ford Explorer, and Honda Accord will definitely be the most budget-friendly vehicles to insure for drivers in Merrillville.

Cost comparison with and without full coverage

Reducing the cost of insurance is probably important to the majority of people, and one good way to lower the cost of insurance in Merrillville is to buy liability only. The information below shows the comparison of premium costs when comparing full coverage to liability only. The premiums are based on no claims or violations, $500 deductibles, single marital status, and no discounts are applied.

Averaged for all age groups, physical damage coverage costs $1,328 per year more than just insuring for liability. That proposes the question if paying for full coverage is a waste of money. There is no clear-cut formula for phasing out physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

For example, let's say your vehicle's claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after paying your policy deductible. If you are paying over $700 a year to have full coverage, the it may be a good time to stop paying for full coverage.

The benefit of shopping around

Indiana insurance rates are influenced by many factors that may substantially change the price you pay for coverage. Improving your credit score, moving to a different location, or getting a ticket for running a stop sign may generate price changes resulting in some companies being cheaper than before.

And not only may your rating factors change, but companies change prices without warning to help ensure profitability. Higher than normal claims may cause higher prices, while a better loss history may result in lower-priced Merrillville car insurance rates.

The graph below shows the companies that have the cheapest car insurance in Merrillville, IN for a 40-year-old female driver with no accidents or violations, and a high credit rating. Based on her current rating profile, Travelers might quote the lowest car insurance rates in Merrillville at $740 a year. This is $500 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are the remaining most affordable Merrillville, IN auto insurance companies.

The chart below compares rates after we give the driver from the above example a claim surcharge, a little lower credit rating, and a couple of points charged on her driving record. Due to the fact that every auto insurer has their own process for establishing rates, comparing rates most likely will result in a different ranking of affordable companies as shown below.

The Hartford now has the best price on car insurance in Merrillville with Auto-Owners, Motorists Mutual, Cincinnati Insurance, and State Farm completing the list. This example demonstrates why Merrillville drivers need to perform a complete rate comparison to get the cheapest insurance quotes in Merrillville.

Insurance prices can be altered by many risk factors and change dramatically, so the cheapest company a year ago may now be an over-priced policy.

How to find cheaper insurance in Merrillville

Lowering your rates is not difficult, and here are some of the better money-saving ideas that can help you locate more affordable auto insurance.

That last idea is certainly significant, as was emphasized in this piece. Car insurance rates fluctuate considerably, so don't be tentative to buy a policy from a new company if a lower-cost policy is available.

Having a favorite company is fine, but it's not recommended if that loyalty results in overpaying hundreds of dollars year after year. In just a few minutes you could shop around to find cheaper insurance in Merrillville.