Cheapest Auto Insurance Quotes for Hybrid Vehicles in Indiana

Cheapest Auto Insurance Quotes for Hybrid Vehicles in Indiana

Shopping around for budget insurance is not the easiest thing to do, and figuring out which company has the best car insurance rates for hybrid vehicles requires even more rate comparisons. Each company has their own guidelines for filing rates in each state, so we’ll go over the car insurance companies with the overall best prices in Indiana.

It’s important that you understand Indiana car insurance rates are calculated based on many things that will increase or decrease the price you pay. Things like having a birthday, moving across town, or getting a DUI may prompt premium changes that can make some companies more affordable than the competition.

Best Car Insurance Prices for Hybrids

Click to Compare Rates Now

Cheapest auto insurance in Indiana ranked by cost per year
Rank Company Cost Per Year
1 Travelers $596
2 Cincinnati Insurance $678
3 USAA $681
4 Erie $726
5 Indiana Farmers Mutual $849
6 Western Reserve $864
7 The Hartford $881
8 Auto-Owners $906
9 Nationwide $930
10 State Farm $957
11 Utica National $965
12 Motorists Mutual $966
13 Hastings Mutual $1,013
14 Safeco $1,013
15 Farmers $1,053
16 Westfield $1,072
17 Wolverine Mutual $1,072
18 State Auto $1,087
19 GEICO $1,100
20 Celina Insurance $1,135
Find Cheaper Rates Go

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

In this example, if you currently have a policy with Cincinnati Insurance and switched to Travelers, you may realize savings of around $82. Policyholders with USAA might save as much as $85 a year, and Erie policyholders might see rate reductions of $130 a year.

It’s important to note that these rates are averaged across all insureds and vehicles and and are not figured with a rate decrease for hybrid vehicles. So the car insurance company that can offer you the best rate may not even be included in the rate chart shown above. That point stresses why you need to compare prices as often as possible using your own personal information and vehicle type.

For hybrids, one of the big criteria that determine insurance cost is where you live in Indiana. Cities with more crime and/or more people like Gary, Portage, and Indianapolis will most likely pay more, whereas more rural areas enjoy lower car insurance rates.

The illustration below sorts the most expensive places in Indiana for hybrid vehicles to purchase auto insurance in.

Where does Indiana rank for car insurance cost?
Rank City Annual Premium
1 Gary $1,401
2 Hammond $1,288
3 Portage $1,104
4 Merrillville $1,095
5 Indianapolis $1,082
6 Evansville $1,077
7 Jeffersonville $1,070
8 Lawrence $1,055
9 New Albany $1,039
10 Terre Haute $1,035
11 Anderson $1,031
12 Kokomo $1,011
13 Columbus $984
14 Greenwood $969
15 Bloomington $968
16 Noblesville $958
17 Elkhart $956
18 South Bend $956
19 Muncie $955
20 Carmel $947
21 Fort Wayne $947
22 Mishawaka $945
23 Fishers $945
24 Richmond $944
25 Lafayette $917
Find the Best Rates Go

Premium costs are estimated as the specific Indiana residence address can lower or raise price quotes substantially.

Full coverage rates compared to liability-only

Finding the cheapest auto insurance for hybrid vehicles in Indiana should be important to most people, and one common way to buy cheap insurance is to not buy full coverage. The illustration below compares auto insurance costs with and without physical damage coverage. The data is based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3735,1129],[‘Age 30’, 1899,621],[‘Age 40’, 1897,575],[‘Age 50’, 1725,539],[‘Age 60’, 1669,529],[‘Age 70’, 2033,707]]);var options = {title: ‘Full Coverage Rates Compared to Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Indiana’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged for all age groups, comp and collision coverage costs an extra $2,160 per year more than buying just liability insurance. Many drivers may wonder if it’s a good idea to buy full coverage. There is no definitive formula to drop full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.