Who Has the Cheapest Car Insurance for Drivers Requiring a SR22 in Indiana?

The type of vehicle that needs insurance is probably the most important factor that determines the availablility of the cheapest car insurance for drivers requiring a SR22. Vehicles with lower performance, good safety features, or a positive history of liability claims will cost substantially less to insure than high performance models. The information below shows car insurance rates for a handful of the more afforable vehicles to buy insurance for.

Prices above based on married male driver age 40, two speeding tickets, two at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Estimates do not factor in your specific Indiana location which can change rates noticeably.

Based upon the table data, you can see that makes and models like the Honda Accord, Ford Escape, and Chevrolet Traverse will be some of the cheaper vehicles to insure for high risk drivers. Car insurance rates will trend higher because there is more claim risk for drivers requiring a SR22, but in general those particular models will most likely have the cheapest auto insurance rates compared to other vehicles.

Finding out which companies quote the best insurance rates for drivers requiring a SR22 takes a tad more effort in order to find the lowest price quote.

Each insurance company used slightly different criteria for filing rates in each state, so we’ll take a look at the insurance companies that tend to be cheaper in Indiana.

Cheapest Insurance Rates for SR22 Drivers

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Travelers offers some of the lowest car insurance rates in Indiana at around $602 a year. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also rank well as some of the cheapest Indiana auto insurance companies.

As the example above demonstrates, if you are insured with Indiana Farmers Mutual and switched to Cincinnati Insurance, you might realize yearly savings of roughly $185. Policyholders with The Hartford might save as much as $199 a year, and Western Reserve policyholders might cut rates by $208 a year.

If you want to see how much you could save, click here to start your custom quote or visit several of the following companies.

It’s important to note that these rates are averages across all ages of drivers and types of vehicles and and are not figured with a price surcharge for drivers requiring a SR22. So the car insurance company that fits your situation best may not even be included in the list of companies shown earlier. That is why you need to get quotes using your own driver information and specific vehicle type.

For high risk drivers, one of the largest components that auto insurance companies take into consideration when calculating insurance cost is your address in Indiana. Areas with more people like Gary, Portage, and Lawrence tend to pay higher rates, whereas less populated areas benefit from having to pay less for coverage.

The table below shows the most expensive cities in Indiana for drivers requiring a SR22 in which to buy car insurance.

Premium costs are estimated as zip code location can influence insurance rates considerably.

Selecting the best insurer can be difficult considering how many different companies sell coverage in Indiana. The rank data in the lists below may help you analyze which insurers to look at when shopping around.

These ratings are only made up of the companies with a significant amount of written premium nationwide, so companies without a large exposure will not be included in the list. To compare prices from these companies and more, just click here.

Cautious Indiana drivers save money

One of the best ways to snag the cheapest car insurance for drivers requiring a SR22 in Indiana is to be a cautious driver and avoid getting tickets or having accidents. The illustration below highlights how speeding tickets and accidents raise insurance costs for different age groups of insureds. The information is based on a single male driver, comp and collision included, $100 deductibles, and no discounts are factored in.

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In the chart above, the average cost of auto insurance per year with no accidents and a clean driving record is $2,160. Add in two speeding tickets and the average cost swells to $2,867, an increase of $707 each year. Then add two accidents along with the two speeding tickets and the 12-month cost of insurance for drivers requiring a SR22 increases to an average of $5,401. That’s an increase of $3,241, or $270 per month, just for a couple of infractions!

Cheapest insurance quotes for high risk drivers

Due to technology, there are many ways to find cheaper insurance in Indiana, but the most common methods are through an exlusive agent like Allstate or State Farm, an independent insurance agent, or direct online or over the phone from a company like Geico or Progressive. They all have the same basic principle, but they differ in how they price policies.

Independent insurance agencies have contracts with multiple insurance companies and can get policy pricing from every one. These agents can provide you with more rate quotes, which can give you improved odds of finding cheaper coverage. If they quote lower rates, your policy can be moved and you can keep the same agent.

An exclusive ageny is only able to quote rates from one company such as Allstate or Farmers Insurance agents. This type of agents cannot give you multiple price quotes, so they really need to provide good service.

When you buy insurance direct, you do not use a local agent and instead buy from a direct company like Esurance or Geico. This option may be the best choice drivers who have an average risk profile and know the limitations of their policy.

So which method is best to buy the cheapest car insurance for drivers requiring a SR22 in Indiana? The obvious answer would be buying from a direct company saves money because there are no middleman commissions, but in reality, that is not true. A valid argument could also be made that buying insurance from an independent agent can save the most money due to increased selection, but that assumption is also not accurate. In many cases, exclusive agencies have price quotes that cannot be met by either independent or direct companies.

Since insurance prices are based on many different factors, the best way to get the lowest rate is to compare, compare, and compare some more. We recommend you get price quotes from independent, exclusive, and direct to get a good idea who is cheapest. We compiled a list of companies with some of the cheapest online rates that you can click here to view.