It’s impossible to miss the commercials from companies like Farmers and Nationwide that promise enormous savings, so you just need to pick the company with the best ad, right?
It’s not quite that easy, unfortunately, as there are a ton of unknown aspects such as the amount of liability coverage you want, if full coverage is needed, the safety features of your vehicle, and if you are a homeowner or renter, that all influence how much you pay for auto insurance. The content below will cover some of these criteria and educate you enough to have a solid foundation to find cheaper car insurance.
One of the more important things that help set the annual cost of car insurance is where your home is located in Indiana. Cities with larger populations or higher claims like Gary, Merrillville, and Lawrence tend to pay more, whereas cities that are not as densely populated benefit from lower coverage costs.
The information below shows the most expensive cities in Indiana for high mileage drivers in which to buy car insurance.
Rank | City | Annual Rate |
---|---|---|
1 | Gary | $1,347 |
2 | Hammond | $1,275 |
3 | Merrillville | $1,128 |
4 | Portage | $1,126 |
5 | Lawrence | $1,099 |
6 | Indianapolis | $1,082 |
7 | Jeffersonville | $1,070 |
8 | Evansville | $1,045 |
9 | New Albany | $1,039 |
10 | Terre Haute | $1,035 |
11 | Anderson | $1,031 |
12 | Kokomo | $1,031 |
13 | Bloomington | $998 |
14 | Elkhart | $995 |
15 | Fishers | $983 |
16 | South Bend | $976 |
17 | Columbus | $975 |
18 | Greenwood | $969 |
19 | Richmond | $964 |
20 | Carmel | $957 |
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Premium costs are comparative as the specific garaging location can change price quotes significantly.
Establishing which company has the cheapest car insurance rates for high mileage drivers may require a bit more effort in order to find coverage that fits your buget. Each insurer uses a slightly different approach for setting prices, so we will examine the car insurance companies with the overall best prices in Indiana.
It’s important to understand that Indiana car insurance rates are based on many factors that will increase or decrease the policy premium. Simply having a birthday, getting married, or getting a few speeding tickets may generate price changes resulting in some rates now being more affordable than the competition.
Find the Cheapest Car Insurance in Indiana
Rank | Company | Cost Per Year |
---|---|---|
1 | Travelers | $602 |
2 | USAA | $661 |
3 | Cincinnati Insurance | $684 |
4 | Erie | $726 |
5 | Western Reserve | $838 |
6 | Indiana Farmers Mutual | $841 |
7 | Auto-Owners | $879 |
8 | The Hartford | $881 |
9 | Utica National | $956 |
10 | State Farm | $957 |
11 | Nationwide | $968 |
12 | Hastings Mutual | $983 |
13 | Motorists Mutual | $986 |
14 | Safeco | $1,003 |
15 | Farmers | $1,033 |
16 | Wolverine Mutual | $1,072 |
17 | Progressive | $1,095 |
18 | Westfield | $1,105 |
19 | State Auto | $1,131 |
20 | GEICO | $1,133 |
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Travelers has some of the lowest car insurance rates in Indiana at around $602 per year. USAA, Cincinnati Insurance, Erie, and Western Reserve are also some of the lowest-priced Indiana insurance companies.
As the rates illustrate above, if you are a policyholder with USAA and switched to Travelers, you could see annual savings of in the vicinity of $59. Insureds with Cincinnati Insurance could save as much as $82 a year, and Erie policyholders might realize rate reductions of up to $124 a year.
To find cheap auto insurance for high mileage drivers in Indiana for your vehicle, click here or visit any of the low-priced companies below.
Remember that these prices are averaged across all drivers and vehicles in Indiana and and are not calculated with a rate discount for high mileage drivers. So the auto insurance company that fits your age and vehicle best may not even be included in the list above. That helps illustrate why you need to get auto insurance quotes using your own driver information and specific vehicle type.
Finding cheap auto insurance for high mileage drivers in Indiana is important to most drivers, and one good way to buy cheaper insurance is to only buy liability coverage. The chart below illustrates the comparison of car insurance rates with and without full coverage. The rates are based on no accidents or driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.
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If we average all the age groups together, comp and collision coverage costs $1,328 per year more than insuring for liability only. That brings up the question when is the right time to remove full coverage. There is no set rule of when to phase out comp and collision coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.