Cheapest Car Insurance for a 20 Year Old Female in Indiana

Because the topic is car insurance, the word affordable really should not be used anywhere in the article as a descriptor for auto insurance rates. Forgive the oxymoron, but cheap car insurance for 20 year old women can seem impossible to find. But fear not, because we will show you how you can quote auto insurance that won’t break your budget.

Comparing quotes for cheap insurance is challenging, and figuring out which companies have the cheapest insurance rates for 20 year old women requires a little more work. Premiums will most likely be much pricier than the average policy in Indiana because of the posibility of more claims that comes with selling insurance for young women, but affordable coverage may be possible with some perseverence. Each auto insurer has their own unique process to set premium rates, so we’ll take a look at the insurance companies with the most affordable rates in Indiana.

Best Car Insurance Prices for Women Age 20

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Travelers normally has some of the cheapest car insurance rates in Indiana at around $614 annually. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are also some of the most economical Indiana car insurance companies.

As shown in the table above, if you currently have a policy with Indiana Farmers Mutual and switched to Cincinnati Insurance, you may realize annual savings of about $183. Drivers with Western Reserve may save as much as $188 a year, and The Hartford customers might lower prices by up to $205 a year.

Be aware that those premium estimates are averaged across all drivers and vehicles and do not take into consideration a rate increase for 20 year old women. So the company that has the cheapest rates for you may not even be shown in the company chart above. That illustrates why you need to get auto insurance quotes using your own individual information.

When shopping for insurance for young women, one of the many criteria used to establish auto insurance rates is your zip code in Indiana. Areas that are more densely populated like Gary, Merrillville, and Indianapolis tend to have higher rates, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.

The illustration below displays the highest-priced areas in Indiana for 20 year old women to purchase a policy in.

Price information shown is comparative as the vehicle garaging location can alter price quotes noticeably.

The make and model of vehicle requiring coverage is one of the largest factors when comparing quotes for the cheapest auto insurance for 20 year old women in Indiana. Vehicles with lots of horsepower, a lack of modern safety features, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models.

The list below features coverage costs for some of the most affordable automobiles to buy insurance for.

Data rating is based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in garaging location in Indiana which can affect auto insurance rates noticeably.

Looking at the rates, you can expect cars like the Honda CR-V, Ford Escape, Jeep Wrangler, Chevrolet Traverse, and Toyota Prius are most likely to be a few of the most affordable vehicles to insure for young women. The price for an auto insurance policy will be higher anyway just due to the fact that there is more claim exposure for 20 year old women, but overall those vehicles will probably have the cheapest auto insurance rates possible.

Discount Indiana insurance rates

Car insurance companies that sell the cheapest auto insurance for 20 year old women in Indiana could also offer special discounts that could potentially reduce rates by as much as 25% or more if you meet eligibility requirements. The best insurance companies and a selection of discounts are outlined below.

• American Family has discounts for good driver, TimeAway discount, accident-free, defensive driver, and early bird.
• Nationwide offers discounts including family plan, business or organization, defensive driving, anti-theft, and multi-policy.
• MetLife offers premium reductions for claim-free, good student, accident-free, multi-policy, defensive driver, and good driver.
• 21st Century may include discounts for student driver, homeowners, automatic seat belts, defensive driver, and anti-lock brakes.
• Farmers Insurance policyholders can earn discounts including switch companies, alternative fuel, good student, bundle discounts, mature driver, business and professional, and pay in full.
• Allstate may have discounts that include economy car, premier plus, passive restraint, defensive driver, and good payer.

The illustration below shows the comparison of car insurance costs with and without discounts applied. The prices are based on a female driver, no violations or accidents, Indiana state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with continuous coverage, vehicle safety, anti-theft, paperless filing, passive restraint, and good student discounts applied. When taking advantage of discounts, the the average amount saved on insurance for 20 year old women is 21% or $364.

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The diagram below illustrates how your choice of deductibles can influence insurance rates when getting quotes for cheap insurance for 20 year old women. The prices are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

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The chart above illustrates that a 50-year-old driver could reduce rates by $300 a year by increasing from a $100 deductible to a $500 deductible, or save $454 by changing to a $1,000 deductible. Younger drivers, like the 20-year-old category, could roll back prices $772 or even more by selecting a higher deductible. When choosing a higher deductible, it will be important to have plenty of money set aside to allow you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

How to find the cheapest auto insurance for 20 year old women in Indiana

It is possible to find better rates, and here are many money-saving ideas that can help drivers locate more affordable coverage.

• Earn discounts for being claim-free
• Avoid having at-fault accidents
• Buy a car with high safety ratings
• Maintain a clean driving record
• Older vehicles may not need full coverage
• Buying home and auto together can help save money
• Shop around for cheaper prices

The last item on the list is extremely significant, as we emphasized in the prior information. Prices charged by car insurance companies adjust frequently, so drivers shouldn’t be reluctant to buy from a different company if a more affordable price is available.

Sticking with a specific company is fine, but it’s not recommended if that devotedness results in you overpaying money that could be going to better use. Take a few minutes and compare prices and find cheaper car insurance for 20 year old women.