Who Has the Cheapest Auto Insurance Quotes for High School Students in Indiana?

It would sure make life easier if we could just give you the name of the single best car insurance company that has the cheapest coverage in Indiana. It’s not that easy, however, as there are a whole slew of unknown factors like where you live in Indiana, the insurance company you are currently insured with, the annual mileage you drive, and your driving record, that all factor into the price you pay. We are going to cover the things that influence insurance rates and will hopefully give the reader a jump start in finding the best auto insurance in Indiana.

One of the more important components used to determine the annual cost of car insurance is your address. Areas with increased crime or more people like Gary, Merrillville, and Lawrence tend to have more expensive auto insurance rates, whereas areas with less congestion benefit from having to pay less for coverage.

The next table shows the most costly cities in Indiana for high school students to purchase car insurance in.

Rates are comparative as the specific garaging location can modify rates substantially.

The type of vehicle you are trying to insure is one of the largest considerations in finding the cheapest car insurance for high school students in Indiana. Vehicles with lots of horsepower, a lack of modern safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer, lower-performance models.

The information below estimates auto insurance prices for a number of the most economical automobiles to buy insurance for.

Data based on single male 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 amounts do not factor in garaging location in Indiana which can affect prices substantially.

Data rating is based on single male 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. Estimates do not factor in zip code location which can modify insurance rates considerably.

Data assumes single male 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. Rate quotes do not factor in specific location information which can change premium rates greatly.

Should you buy full coverage?

Finding the cheapest car insurance for high school students in Indiana should be important to most drivers, and an effective way to pay lower rates for insurance is to only buy liability insurance. The illustration below shows the difference between insurance rates with liability coverage only compared to full coverage. Data assumes no claims, a clean driving record, $500 deductibles, drivers are single, and no other discounts are factored in.

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If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an additional $1,328 per year over liability only. Lot’s of drivers question if paying for full coverage is worth it. There is no definitive guideline to exclude comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s say your vehicle’s book value is $10,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $9,500 after the deductible is paid. If you are paying in excess of $950 a year for physical damage coverage, then it could be time to drop full coverage.

Buying coverage from the best insurance provider is hard considering how many companies sell insurance in Indiana. The company ratings displayed below can help you choose which insurers you want to consider shopping your coverage with. These rankings are only made up of large nationwide companies, so companies that focus mainly on Indiana business will not be included in this list.

Top 10 Large Car Insurance Companies in Indiana Ranked by Customer Service

1. Nationwide
2. State Farm
3. Safeco Insurance
4. American Family
5. Titan Insurance
6. Travelers
7. Liberty Mutual
8. GEICO
9. Erie Insurance
10. Allstate

Who has the cheapest insurance quotes for teenagers?

Drivers have a lot of ways to quote insurance rates in Indiana, but the most popular methods are through an independent or non-exclusive agent, an exclusive insurance agent like Allstate or Auto-Owners, or direct from companies such as Geico or Progressive. They all have the same basic principle, but they are slightly different in how they provide price quotes.

Independent agencies write business for many companies and can do rate comparisons with every one. These agents have the freedom to give you more rate choices, which may provide you with a better comparison. If prices rise, you can get a different policy which requires no work on your part.

An exclusive ageny is able to place business with just one company, examples being Allstate and Liberty Mutual agents. These agents usually cannot provide other companys’ prices, so they really need to provide good service.

If you want to buy insurance direct, you skip local agents and instead buy direct from companies such as Progressive or Geico. Buying insurance direct can be good for people who do not have complex finances and have knowledge of what coverage options they need.

So comparing independent agents, exclusive agents, and direct, which one works best to buy the cheapest car insurance for high school students in Indiana? The quick answer would be buying direct results in the cheapest price because there is no agent taking a commission, but that turns out to not be true. We could also say that buying from an independent agent is the best way to go since they have access to many companies, but that is not necessarily true either. And occasionally, exclusive agents have really good rates that are the cheapest.

Due to the large number of rating factors, the only true way to ensure the lowest rates is to compare lots of quotes. It’s a good idea to get price quotes from all three to get a good idea who is cheapest. For a list of companies with online discounts, click here to view.

Tips for finding cheaper auto insurance for high school students

Below you’ll find some money-saving solutions that can help drivers buy the cheapest coverage.

• Maintain a safe distance and avoid accidents
• Avoid getting tickets or violations
• Improve your credit score
• Raise comprehensive and collision coverage deductibles
• Safer vehicles generally have cheaper insurance rates
• Compare rates and switch if you can find a better deal

That last idea is extremely necessary, as was affirmed in this write-up. Prices charged by car insurance companies in Indiana change constantly, so drivers shouldn’t hesitate to buy a policy from a new company if a better rate can be found. Staying with the same company for years is fine, but is isn’t recommended if that loyalty results in overpaying a fortune every year. It only takes a couple minutes to compare rates and find cheaper auto insurance for high school students.