Cheap Car Insurance for Young Drivers in Indiana

Things would sure be easy if we could simply give you the name of the company that is cheapest in Indiana. It’s not that simple, unfortunately, as there are a whole slew of unknown elements such as how old you are, the annual mileage you drive, if you are currently insured, and the vehicle you drive, that all influence how much you pay for auto insurance. We will try to teach you about the different scenarios that increase car insurance cost and also should give you a good start in finding the cheapest car insurance in Indiana.

The safety and performance level of the vehicle you are buying coverage for is one of the largest factors that determines whether or not you can buy the best insurance for young drivers. Vehicles with lower performance, excellent safety ratings, or a track record of few liability claims will cost less to insure than high performance models.

The tables below outlines insurance costs for a handful of the most budget-friendly vehicles to buy coverage for.

Data based on single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific garaging location which can alter premiums substantially.

Above prices assume single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific location information which can lower or raise premiums substantially.

Premium data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific Indiana garaging location which can lower or raise premiums considerably.

One of the more important things that car insurance companies use to calculate rate quotes is your address in Indiana. Urban areas that are densely populated like Gary, Portage, and Indianapolis are more likely to pay higher prices, whereas areas with less congestion generally benefit from lower car insurance rates.

The illustration below illustrates the higher priced cities in Indiana for young drivers to buy auto insurance in.

Prices are approximated as the specific zip code location can decrease or increase premium rates significantly.

Discounts on cheap auto insurance for young drivers in Indiana

Insurance providers that provide policies for young drivers could also offer rate discounts that could reduce prices by as much as 30% if you meet eligibility requirements. Larger insurance companies and a partial list of their discounts are:

The chart below illustrates the comparison of car insurance costs with and without discounts applied to the premium. The prices are based on a female driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with paid-in-full, anti-theft, paperless filing, continuous coverage, passive restraint, and vehicle safety discounts applied. When discounts are factored in, the average savings per year on insurance for young drivers is % or $.

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The illustration below illustrates how choosing a deductible can increase or decrease annual premium costs when getting quotes for cheap insurance for young drivers. The price estimates are based on a married female driver, full coverage, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 1777,1629,1463,1301],[‘Age 30’, 1245,1139,1015,897],[‘Age 40’, 1233,1131,1011,899],[‘Age 50’, 1085,997,893,795],[‘Age 60’, 1035,947,849,755],[‘Age 70’, 1105,1013,911,815]]);var options = {title: ‘Effect of Deductibles on Auto Insurance Prices in Indiana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 40-year-old driver could lower their car insurance rates by $192 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $290 by choosing a $1,000 deductible. Young drivers, such as the Age 20 example, could potentially save as much as $476 or more just by choosing higher deductibles when buying full coverage.

When insureds make the decision to increase the deductibles on their policy, it is a good idea to have emergency funds available to satisfy the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Who has the cheapest insurance quotes for youthful drivers?

There are quite a few ways to comparison shop for insurance in Indiana, but the most preferred are through an independent or non-exclusive agent, an exclusive insurance agent such as Liberty Mutual or Allstate, or buying direct from a company like Progressive or Geico.

All three ways are similar, but each is slightly different in how they function.

Independent agencies write business for many companies and can do rate comparisons with all of them. These types of agencies are not employed by only one company and can give you a larger rate selection, which may provide you with a better chance of finding cheaper coverage. If they find a cheaper price, they simply move your policy to a different company and the insured can keep the same agent.

An exlusive, or captive, agency is restricted to one company, a couple examples are a State Farm or Farmers agent. Exclusive agents cannot provide other companys’ prices, so they really need to provide good service.

The third popular method of shopping for insurance is direct, which means you forego either of the other two types of agents and instead buy from a direct company like Progressive. Buying insurance direct may be good for families who do not need high amounts of coverage and have a decent understanding of what is covered and what is not.

So what is the best way to find cheap auto insurance for young drivers in Indiana? We’d like to tell you buying from a direct car insurance company results in the best prices because there are no middleman commissions, but that turns out to not be true. An argument could also be made that buying insurance from an independent agent is the best way since they can quote with many companies, but again, that’s not accurate. And sometimes, exclusive agencies have really good rates that other companies cannot beat.

Due to that fact that insurance uses so many rating variables, the only real way to ensure you are not overpaying for insurance is to compare lots of quotes. It takes a little work, but we recommend you get quotes from all three to have a good selection of rates to choose from. To see some of the cheapest online companies available, click here to view.