How Much is Auto Insurance for High Risk Drivers in Indiana?

Our editors keep telling us that when writing about car insurance, the words cheap or affordable should never appear anywhere in the article to describe car insurance rates. It’s just a fact that cheap car insurance for high risk drivers is almost non-existent. Don’t let that ruin your day, because we will tell you how you can quote insurance that is cheaper than your current rate.

The cost and performance of the vehicle you are seeking coverage for is one of the biggest factors when comparing cheap insurance for high risk drivers in Indiana. Vehicles with high performance, poor passenger safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models. The tables below presents car insurance rates for the cheaper automobiles to buy coverage for.

Prices based on married male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Rate information does not factor in specific garaging location which can decrease or increase premiums noticeably.

Table data assumes married male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Table data does not factor in specific garaging location which can influence auto insurance rates substantially.

Data rating is based on married male driver age 50, two speeding tickets, two at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in specific location which can change premiums substantially.

Shopping around for budget auto insurance is not the easiest thing to do, and figuring out which insurers offer the cheapest insurance rates for high risk drivers takes even more rate comparisons. Premiums will probably be quite a bit more expensive than the average price in Indiana, with the increase attributed to the higher likelihood of claims related to offering coverage for high risk drivers, but reasonably-priced coverage may be available with some perseverence.

Every car insurance company has a different process to determine premium rates, so first let’s look at the rankings for the overall cheapest insurance companies in Indiana. It’s important that you understand Indiana insurance rates are based on many factors which can substantially decrease or increase the policy premium. Events such as a birthday, buying a newer car, or having an at-fault accident may prompt premium changes resulting in some companies being more affordable than the competition.

Cheapest Insurance Rates for Risky Drivers

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Travelers generally has some of the best car insurance rates in Indiana at around $596 per year. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual would also make the list of some of the more affordable Indiana insurance companies.

In the rate table above, if you currently buy coverage from Cincinnati Insurance and switched to Travelers, you may see a yearly savings of around $68. Insureds with Erie may save as much as $130 a year, and Indiana Farmers Mutual policyholders might see rate reductions of $271 a year.

If you would like to find cheap insurance for high risk drivers in Indiana, click here to begin a quote or quote rates from the companies below.

Remember that these policy prices are averages for all insureds and vehicles and do not factor in a rate increase for high risk drivers. So the car insurance company that fits your situation best may not even be featured in the above list. That underscores the importance of why you need to compare rates from multiple companies using your own specific driver information and vehicle.

For Indiana drivers, one of the things that affect auto insurance rates is where your car is garaged. Areas with more people or even just a higher incidence of claims like Gary, Merrillville, and Jeffersonville tend to pay more, whereas areas with less crime or weather claims get the luxury of paying less.

The following table rates the priciest cities in Indiana for high risk drivers to purchase car insurance in.

Premium costs are comparative as vehicle location can raise or lower premiums considerably.

Finding the best insurer can be difficult considering how many choices there are in Indiana. The ranking data listed below may help you analyze which companies to look at buying from.

These rankings are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so companies that have a smaller presence are not factored into the list. To compare prices from many more Indiana auto insurance companies, click this link.

Top 10 Large Auto Insurance Providers Overall in Indiana

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Top 10 Large Auto Insurance Providers in Indiana Ranked by Customer Service

1. Nationwide
2. State Farm
3. Safeco Insurance
4. American Family
5. Titan Insurance
6. Travelers
7. Liberty Mutual
8. GEICO
9. Erie Insurance
10. Allstate

Discounts on cheap insurance for high risk drivers in Indiana

Car insurance companies that offer coverage for high risk drivers may also offer policy discounts that could lower prices by as much as 40% or more if you meet specific criteria. Large insurance companies and some of the premium reductions they offer are detailed below.

• GEICO may have discounts that include five-year accident-free, multi-policy, air bags, emergency military deployment, defensive driver, military active duty, and seat belt use.
• MetLife discounts include accident-free, good driver, defensive driver, claim-free, multi-policy, good student
• State Farm may include discounts for student away at school, good student, multiple autos, good driver, driver’s education, accident-free, and passive restraint.
• Progressive has discounts for good student, multi-policy, continuous coverage, online signing, and online quote discount.
• Mercury Insurance has savings for age of vehicle, type of vehicle, ease of repair, multi-car, accident-free, low natural disaster claims, and multi-policy.
• 21st Century may offer discounts for good student, theft prevention, homeowners, anti-lock brakes, 55 and older, and automatic seat belts.
• Allstate includes discounts for 55 and retired, utility vehicle, teenSMART discount, anti-theft, economy car, and passive restraint.

The chart below illustrates the difference between auto insurance costs with and without discounts applied to the rates. The premiums assume a male driver, two speeding tickets and two accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with continuous coverage, multiple vehicle, multiple policy, marriage, homeowner, and anti-theft discounts applied. When these discounts are applied, the average amount saved each year on insurance for high risk drivers is 28% or $1,060.

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Tips for finding economical auto insurance for high risk drivers

Here are a few money-saving ideas that can help Indiana drivers quote lower-cost auto insurance.

• Buying home and auto together can help save money
• Being accident-free can lower rates significantly
• Claim-free policyholders usually earn a discount
• Buy a safer vehicle
• Avoid getting citations and tickets
• Compare price quotes at least once a year

That last idea is particularly significant, as we noted in this write-up. Prices in Indiana fluctuate constantly, so drivers shouldn’t hesitate to switch carriers if you find a better deal.

Having a favorite company is great, but we do not recommend it if that stubbornness costs you a wad of cash every year. If you have a few minutes, now is a great time to shop around and find cheaper insurance for high risk drivers.