How Much Does Insurance Cost for Used Cars in Indiana?

One of the more important criteria that influence auto insurance rates is the neighborhood you call home in Indiana. Areas with more people like Gary, Portage, and Terre Haute tend to pay slightly more, whereas areas with less traffic congestion and claims profit from lower rates.

The information below ranks the more expensive cities in Indiana for used cars to purchase auto insurance in.

Price information shown is comparative as vehicle location can modify prices significantly.

Finding out which companies quote the lowest-priced car insurance rates for used cars will take a bit more effort in order to find a policy that fits your budget.

Each auto insurance company uses their own calculation to determine premium rates, so we’ll take a look at the car insurance companies that tend to have lower prices in Indiana. It’s important that you understand Indiana car insurance rates are based on many factors that can increase the price you pay. Improving your credit rating, getting divorced, or getting into an accident may prompt premium changes that may make certain companies cheaper than others.

Best Insurance Companies for Used Cars

Click Here to Start Your Quote

Travelers quotes some of the cheapest car insurance rates in Indiana at around $602 annually. Cincinnati Insurance, USAA, Erie, and The Hartford would also make the list of some of the cheaper Indiana auto insurance companies.

In this example, if you currently have a policy with Cincinnati Insurance and switched to Travelers, you might see yearly savings of upwards of $56. Policyholders with USAA may save as much as $59 a year, and Erie customers might lower prices by up to $124 a year.

Remember that these prices are averaged across all types of insureds and vehicles and and are not calculated with a rate discount for used cars. So the car insurance company that can offer you the best price may not even be featured in the list of companies shown earlier. That point stresses why you need to get quotes using your own personal information and vehicle type.

Types of discounts on Indiana car insurance rates

Auto insurance companies that offer cheap insurance for used cars in Indiana may provide premium discounts that could reduce prices by 40% or more if you are eligible. Popular car insurance companies and a partial list of their discounts are detailed below.

The chart below visualizes the comparison of insurance prices with and without discounts applied. The premiums are based on a male driver, a clean driving record, no claims, 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 lower bar shows the rates with multiple policy, multiple vehicle, marriage, accident-free, passive restraint, and anti-theft discounts applied. When drivers take advantage of discounts, the the average yearly reduction on car insurance for used cars is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 2251,1623],[‘Age 30’, 1193,867],[‘Age 40’, 1165,845],[‘Age 50’, 1063,773],[‘Age 60’, 1031,749],[‘Age 70’, 1265,917]]);var options = {title: ‘Insurance Rate Comparison with Discounts for Used Cars’,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’,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(‘qcibdisc’));chart.draw(data, options);}

Progressive, Geico, State Farm, and Allstate compared

If you are shopping around for auto insurance for pre-owned vehicles in Indiana, four companies to take a look at are Progressive, Geico, State Farm, and Allstate. Combined they make up almost half of all auto insurance written. Each company has unique features and discounts that shoppers can choose from. The table below compares and contrasts some of the different features shoppers can find with each company.