How Much Does Insurance Cost for Ride Shares in Indiana?

Wouldn’t it be perfect if we could just tell you the single company that has the cheapest insurance ? It’s not that simple, unfortunately, as there are many unknowns such as whether you are a man or a woman, if you have maintained coverage continuously, the level of deductible you choose, and if your vehicle is used to commute, that all have an effect on the price. Car insurance is kind of a dry topic, but this article will explain the different ways to avoid overpaying and educate you enough to have a jump start in finding the best auto insurance.

Establishing which insurers offer the lowest-priced car insurance rates requires a little more effort in order to find the lowest price quote. Every auto insurer has a proprietary method to set policy rates, so let’s look at the rankings for the car insurance companies with the most affordable rates in Indiana.

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Travelers may offer some of the cheapest car insurance rates in Indiana at around $602 each year. Cincinnati Insurance, USAA, Erie, and The Hartford would also make the list of some of the best Indiana car insurance companies.

In this example, if you are insured with The Hartford and switched to Cincinnati Insurance, you might realize a yearly savings of approxmiately $197. Insureds with Indiana Farmers Mutual could save as much as $209 a year, and Western Reserve customers might lower prices by $214 a year.

To see how much you can save, click here to begin a quote or quote prices from the following companies.

Remember that these prices are averages across all ages of drivers and types of vehicles and do not take into consideration a price decrease . So the company that has the cheapest price for you may not even be in the list of companies shown earlier. That emphasizes why you need to quote rates from as many companies as possible using your own driver data and vehicle information.

One of the more important components that car insurance companies use when figuring the price you pay for insurance is where your residence is. Cities with larger populations like Gary, Portage, and Lawrence tend to have higher rates, whereas areas that are not as densely populated generally have lower rates.

The following table shows the higher priced cities in Indiana to purchase car insurance in.

Rate information is estimated as the specific zip code location can modify prices noticeably.

Indiana car insurance companies ranked

Finding a high-quality car insurance provider can be difficult considering how many different insurance companies sell coverage in Indiana. The ranking data below may help you select which companies you want to consider comparing rate quotes with.

These rankings include companies that insure vehicles across America, so smaller companies are not factored into this list. If you would like to check rates from these companies and more, simply click here.

Top 10 Major Car Insurance Companies 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

The example below shows how choosing a deductible can raise or lower premium costs when searching for cheap insurance . Data assumes a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

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The chart above illustrates that a 40-year-old driver could cut expenses by $230 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $348 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, can cut up to $756 or even more just by choosing higher deductibles when buying full coverage.

When increasing deductibles, it is a good idea to have additional funds squirreled away to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Allstate, Geico, State Farm, or Progressive: Who is cheapest?

If you want reliable car insurance , the companies that insure more vehicles than anyone else are Allstate, Geico, State Farm, and Progressive. The data below compares and contrasts some of the different options .

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Best cheap insurance quotes

You have many ways to quote and buy car insurance in Indiana, but the most common are from a captive (or exclusive) agent like State Farm or Allstate, an independent agent, or from a direct company like Geico.

They all follow the same basic process, but they differ slightly in how they provide price quotes.

Independent agencies can place your business with multiple companies and can compare rates with every one. These types of agencies are not employed by one specific company and can quote rates with many companies, which can help you get a better chance of finding cheaper coverage. If a cheaper price is found, the business is moved internally and the insured can keep the same agent.

An exclusive agent is only able to write business for a single insurance company like State Farm and Auto-Owners agents. These guys and gals cannot compare rates from other companies, so if their prices are high, they cannot shop around.

The third way to buy car insurance is direct which means you bypass a local insurance agent and buy direct either online or via phone. This option may be preferred by drivers who do not have a need for a risk management assessment and have some degree of understanding of what is covered and what is not.

What is the best way for finding cheap insurance in Indiana? One answer would be shopping direct results in the cheapest rates since there is no middleman, but in reality, that is not the case. And we’d like to say buying car insurance from an independent agent results in the best rates due to more options, but that’s not always true, either. And occasionally, the exclusive agents may have prices that are the cheapest in Indiana.

Because there is so much variation in car insurance prices, really the only way to get the lowest rate is to compare rate quotes from as many companies as possible. Take some time and get rate quotes from independent agents, exclusive agents, and direct companies in order to have the best selection to choose from. A great place to start is our list of online companies offering discounts: click here to view.