Finding out which company offers the best insurance rates for drivers with a bad driving record in Indiana will involve a bit more work than just picking a company at random. Every insurance company has a proprietary method to determine rates, so we will examine the overall cheapest insurance companies in Indiana.
We do need to point out that Indiana insurance rates are calculated based on many things that will increase or decrease the cost of your policy. Simply having another birthday, buying another vehicle, or getting into an accident can trigger rate changes that can make some companies cheaper than competitors.
Find Cheaper Car Insurance for Imperfect Drivers
Travelers offers some of the most affordable car insurance rates in Indiana at around $620 per year. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also qualify as some of the cheaper Indiana insurance companies.
As shown above, if you are a policyholder with Erie and switched to Travelers, you might achieve a yearly price reduction of approxmiately $92. Drivers with Indiana Farmers Mutual may save as much as $221 a year, and The Hartford policyholders might realize rate reductions of up to $243 a year.
These prices are averages for all ages of drivers and types of vehicles and do not factor in a price surcharge for drivers with a bad driving record. So the insurer that has the lowest price for you may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
The car, truck, or SUV you are seeking coverage for is one of the main factors when shopping for cheap coverage for drivers with a bad driving record. Vehicles with economical engines, good crash test ratings, or a low likelihood of liability claims will cost significantly less to insure than higher performance models. The table below features insurance costs for some of the most budget-friendly vehicles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$2,041|
|Honda Accord LX-P 4-Dr Sedan||$2,061|
|Honda CR-V EX-L 2WD||$2,065|
|Hyundai Elantra SE Touring Station Wagon||$2,194|
|Volkswagen Jetta 2.0T Station Wagon||$2,313|
|GMC Sierra SLE Regular Cab 2WD||$2,342|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$2,365|
|Honda Civic DX 4-Dr Sedan||$2,391|
|Ford Focus S 4-Dr Sedan||$2,399|
|Toyota RAV4 4WD||$2,414|
|Chevrolet Equinox LT 2WD||$2,439|
|Ford Fusion S 4-Dr Sedan||$2,447|
|Dodge Grand Caravan SXT||$2,439|
|Ford Explorer Limited 4WD||$2,466|
|Chevrolet Malibu LTZ||$2,473|
|Chevrolet Impala LTZ||$2,527|
|Compare Cheap Rates Go|
Table data represents single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in vehicle garaging location which can influence premiums noticeably.
Looking at the rates, we can assume that vehicles like the Ford Escape, Honda Accord, Honda CR-V, Toyota Prius, and Hyundai Elantra are going to be a few of the most affordable vehicles to insure for bad drivers. The cost of auto insurance will be more expensive just because there is more liability exposure for drivers with a bad driving record, but in general those particular vehicles will most likely have the lowest prices available.
Accidents and violations increase rates
The recommended way to earn low insurance prices in Indiana for bad drivers is to be a safe driver and avoid at-fault accidents and violations. The example below illustrates how violations and accidents can increase insurance prices for each age group. Data assumes a married male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,715. Add in one speeding ticket and the average cost rises to $1,968, an increase of $253 each year. Then add one accident along with the one speeding ticket and the 12-month cost of insurance for drivers with a bad driving record in Indiana increases to an average of $2,684. That's an increase of $969, or $81 per month, just for being a little careless behind the wheel!
Get discounts on Indiana auto insurance
Insurers that sell policies for drivers with a bad driving record may additionally offer special discounts that could reduce prices by as much as 25% or more if you meet specific eligibility requirements. Companies and a summarized list of policyholder discounts can be found below.
- GEICO discounts include anti-lock brakes, five-year accident-free, anti-theft, daytime running lights, and emergency military deployment.
- Travelers has savings for multi-car, new car, good student, multi-policy, and continuous insurance.
- Farm Bureau includes discounts for multi-policy, safe driver, good student, youthful driver, 55 and retired, and renewal discount.
- Liberty Mutual offers discounts including good student, multi-policy, safety features, newly retired, hybrid vehicle, and new move discount.
- American Family may include discounts for Steer into Savings, defensive driver, good student, multi-vehicle, and mySafetyValet.
- Progressive offers discounts for multi-policy, online signing, continuous coverage, good student, and homeowner.
The illustration below illustrates the difference between insurance rates with and without discounts. The rate quotes are based on a female driver, two violations and two accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with paid-in-full, passive restraint, multiple policy, paperless filing, marriage, and homeowner discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for drivers with a bad driving record is 29% or $1,404.
Here's why price comparisons are so important
Indiana insurance rates are impacted by many things which can substantially change your annual premium. Turning one year older, having a teenage driver, or having an accident may cause policy rate changes that may make certain companies more affordable than before.
Not only may your situation change, but car insurance companies file new Indiana auto insurance rates without warning in order to remain profitable. Heavier than normal losses can result in higher prices, while profitable underwriting may cause lower-priced Indiana car insurance rates.
For example, the data below analyzes the cheapest car insurance in Indiana for a 30-year-old male driver with a clear driving record, no claims, and a good credit rating. When quoting prices based on his personal profile, Travelers might offer the best car insurance rates in Indiana at $620 each year. This is $620 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are also on the list of the most affordable Indiana auto insurance companies.
The chart below compares rates after we give the driver from the first example a claim or two, a lower credit rating, and a traffic citation. Since each company has their own unique process for determining rates, analyzing rate quotes could result in a new list of affordable companies as shown below.
Auto-Owners now has the best auto insurance rate in Indiana with The Hartford, Motorists Mutual, Cincinnati Insurance, and Nationwide also having competitive pricing. This shows why it is critical to perform a complete rate comparison when trying to get the most economical insurance rates for drivers with a bad driving record.
Prices are impacted by many things and can decrease or increase without notice, so the most affordable company three years ago may now be one of the more expensive options.
Tips for buying the cheapest insurance for drivers with a bad driving record
The list below details many thrifty ideas that can help you get cheap car insurance.
- Older vehicles may not need full coverage
- Do not get traffic tickets
- Get cheaper liability coverage by choosing a safer vehicle
- Avoid preventable accidents
- Raise your physical damage coverage deductibles
- Better credit scores save money
- Shop around for cheaper rates regularly
The last idea is especially important, as we pointed out in this piece. Auto insurance prices change frequently, so don't be hesitant to change insurance companies if a more affordable rate is found.
Brand loyalty is great, but it's not a great idea if that stubbornness costs you potentially thousands of dollars a year. Take a couple minutes and compare rates and find cheaper car insurance for drivers with a bad driving record.