How Much are Auto Insurance Quotes for Low Mileage Drivers in Indiana?

When we talk about auto insurance, the word affordable shouldn’t be used anywhere in the article to describe car insurance prices. The fact is, cheap car insurance for low mileage drivers is not always easy to find. Don’t let that bother you, though, because there may be ways you can quote coverage that you can afford to pay for.

Shopping around for budget insurance is challenging, and determining which company quotes the most affordable auto insurance rates for low mileage drivers will involve a little more work.

Each insurance company has their own guidelines to determine rates, so let’s begin by taking a look at the auto insurance companies with the overall best prices in Indiana.

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Travelers generally has some of the best car insurance rates in Indiana at around $614 a year. USAA, Cincinnati Insurance, Erie, and Western Reserve are also some of the more affordable Indiana car insurance companies.

In the rate table above, if you are insured with Erie and switched to USAA, you could realize an annual savings of upwards of $52. Indiana drivers with Western Reserve might save as much as $157 a year, and The Hartford customers might lower prices by $174 a year.

If you would like to find cheap insurance for low mileage drivers in Indiana, click here to start your free quote or click through to the companies below.

Bear in mind that those estimates are averaged for all types of insureds and vehicles and do not factor in a price discount for low mileage drivers. So the insurer that can offer you the lowest price may not even be shown in the above rate chart. That underscores the importance of why you need to quote rates from many companies using your own personalized driver profile and vehicle information.

The vehicle model to be insured is one of the biggest factors when trying to find cheap insurance for low mileage drivers in Indiana. Vehicles with lower acceleration and performance, modern passenger safety features, or a track record of few liability claims will cost less to insure than fast, unsafe models. The next table features insurance prices for the most economical automobiles to insure in Indiana.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate information does not factor in zip code location which can alter auto insurance rates substantially.

Looking at the rates, we can expect vehicles like the Chevrolet Traverse, Ford Edge, Honda Accord, Chevrolet Impala, and Toyota RAV4 will be the most affordable vehicles to insure for infrequent drivers.

When shopping for cheaper insurance for infrequent drivers, one of the many components that is used by insurance companies to calculate auto insurance rates is where your car is garaged. Areas that are more densely populated or have higher claim rates like Gary, Merrillville, and Indianapolis tend to pay slightly more, whereas areas with less people or fewer weather incidents benefit from lower prices.

The next table lists the highest-priced areas in Indiana for low mileage drivers to purchase auto insurance in.

Rate information is comparative as zip code location can decrease or increase auto insurance rates substantially.

Should you buy full coverage?

Finding cheap insurance for low mileage drivers in Indiana should be important to most drivers, and one of the best ways to pay less for insurance is to only buy liability coverage. The example below illustrates the difference between insurance costs with full coverage compared to only the Indiana minimum liability coverage. The rate quotes are based on no claims, a clean driving record, $100 deductibles, marital status is single, and no other discounts are factored in.

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On average, physical damage insurance costs $1,613 per year more than just buying liability insurance. Many drivers will wonder if full coverage is worth the money. There is no set rule of when to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s pretend your vehicle’s claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after paying your policy deductible. If you are paying more than $500 a year to have full coverage, then it might be time to buy liability only.

There are a few situations where buying only liability insurance is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

How to find economical auto insurance for low mileage drivers

It’s not impossible to find cheaper rates, and here are some of the recommended money-saving solutions that can help Indiana drivers get cheap car insurance.

• Remain accident-free and save
• Do not waste money insuring older vehicles for full coverage
• Do not get tickets
• Drivers with good credit often pay less
• Increase the comprehensive and collision deductibles on your policy
• Safe vehicles generally have lower rates
• Comparison shop frequently

The last tip is incredibly critical, as we noted in the article above. Prices charged by auto insurers adjust often, so don’t be tentative to change insurance companies if a cheaper price is available.

Brand loyalty is not necessarily bad, but it’s not a great idea if that devotedness results in you overpaying several hundred dollars every year. Take a couple minutes and compare rates and find cheaper insurance for low mileage drivers.