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Best cheap car insurance in Indianapolis for 2025
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The best car insurance companies in Indianapolis
Drivers in Indianapolis looking for the best car insurance likely want a balance of affordability, service and coverage options. Bankrate's insurance editorial team came up with a list of five insurers who excel in a number of benchmark determiners of quality. We looked at third-party scores for customer satisfaction and financial stability as well as the breadth of coverage options and discounts. We also reviewed each company's digital tools to see which carriers make it easy for you to manage your policy online.
We then analyzed average rate data from Quadrant Information Services to ensure each provider offers competitive average rates. For reference, the average cost of car insurance in Indianapolis is $1,930 for full coverage per year and $517 for minimum coverage. Based on our research, these five companies write the best car insurance in Indianapolis.
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Bankrate's trusted insurance industry expertise
Read our full methodologyThe insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers the information they need to make educated decisions when shopping for a policy.
78
years of industry experience
9
licensed staff
34.5K
ZIP codes examined
120
carriers reviewed
The cheapest car insurance companies in Indianapolis
Drivers looking for the cheapest car insurance in Indianapolis may opt for a minimum coverage policy as opposed to full coverage. Minimum coverage car insurance is cheaper than full coverage because it offers less financial protection. And, when it comes to car insurance, greater protection typically means a higher premium. Based on Bankrate’s research, USAA, Geico and Grange Insurance offer the most affordable minimum coverage car insurance in Indianapolis.
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|---|---|---|
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$335
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$1,251
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$569
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$1,308
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$394
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$1,339
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Hastings Mutual
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$721
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$1,457
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$369
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$1,503
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How much is car insurance in Indianapolis, Indiana?
Car insurance in Indianapolis costs an average of $1,930 per year for full coverage, which is 10 percent more than the state average. Minimum coverage in Indianapolis is 15 percent more than the state average at an average of $517 per year. This is a fairly common phenomenon for larger cities; traffic congestion and elevated levels of claims can lead to higher insurance rates in more densely populated metro areas.
But, these are just average figures. Exact rates will vary widely based on multiple factors, one of which is age. Below, Bankrate’s insurance editorial team breaks down the cheapest providers for a variety of age groups.
Indianapolis rates for teens
Teens face some of the highest average car insurance rates out of any age group. That is because teen drivers lack experience behind the wheel and are more likely to be involved in accidents. That said, teen drivers can save money by choosing to stay on their parents’ car insurance policy instead of purchasing their own when they turn 18. Note, however, that this may only be possible if they still live at home. Bankrate reviewed average rates for 16- and 18-year-old drivers and found that the providers listed below offer the cheapest rates on average in Indianapolis to teen drivers:
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Indiana Farmers
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$751
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$789
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$850
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$809
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$915
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$865
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$1,024
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$618
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$1,045
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$835
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Indianapolis rates for young drivers
Young drivers in their twenties also generally see more expensive car insurance rates, but not as high as teens. With a couple of years of driving experience under their belts, drivers in their twenties are seen as slightly less of a risk to insure than a freshly licensed teen, which typically translates to lower insurance rates. For drivers in their twenties, Bankrate found the top five cheapest providers in Indianapolis for both full and minimum coverage car insurance:
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$688
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$412
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Indiana Farmers
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$726
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$554
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$770
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$457
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$880
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$408
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$980
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$488
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Indianapolis rates for adults
Car insurance rates tend to level out as a driver ages, especially if they maintain a clean driving record. Drivers in their 30s looking for full coverage may want to look at USAA, Nationwide and Progressive for an affordable rate. 50-year-old drivers looking for full coverage might want to get a quote from USAA and Progressive.
You may notice that the cheapest full and minimum coverage carriers for a 40-year-old driver are the same as the cheapest carriers overall. That is because, at Bankrate, the base profile we use to determine the average cost of insurance in a city, state or nationally is that of a 40-year-old driver.
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$367
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$335
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$319
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$377
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$382
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$365
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$390
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$369
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$368
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$416
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$394
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$374
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$432
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$430
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$395
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Indianapolis rates for senior drivers
Drivers may see their rates begin to slowly climb up as they age into their senior years. Although older drivers have more driving experience, aging-related health conditions like decreased eyesight and slower reaction time may increase accident likelihood. That could make it more difficult for senior drivers to lock in a cheap car insurance rate, but the providers listed below offer more affordable rates to older drivers in Indianapolis on average, according to our research.
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$322
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$399
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$354
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$437
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$365
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$415
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$372
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$426
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Indiana Farmers
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$395
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$497
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The cheapest car insurance in Indianapolis by driving record
Your driving record also plays a significant role in determining your premium. Insurers view drivers with a history of speeding tickets, accidents and DUIs as more likely to drive dangerously in the future, which could lead to an expensive insurance claim. To account for the added risk, many insurers charge drivers with less-than-perfect driving records higher rates.
Car insurance with a speeding ticket in Indianapolis
Indianapolis drivers with a speeding ticket pay an average of 25 percent more than drivers with a clean driving record. However, according to Bankrate’s research, USAA, Geico and Progressive offer the cheapest rates for Indianapolis drivers with speeding tickets on average.
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$423
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$1,590
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$466
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$1,841
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$476
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$1,707
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Indiana Farmers
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$477
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$2,026
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$505
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$1,786
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Car insurance after an accident in Indianapolis
Having an at-fault accident on your driving record will also likely increase your car insurance rates. Bankrate’s research shows that Indianapolis average minimum coverage rates are 39 percent more than for drivers with clean records, while full coverage rates are an average of 37 percent more. Our research indicates that the carriers listed below offer the cheapest rates on average for drivers with an accident on their records in the city.
If you’re worried about a rate hike after an at-fault accident, you might consider adding accident forgiveness to your policy. While this will only help if you have it before an accident (it typically cannot be added retroactively), it may help to keep your rates level even if you are found at fault.
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$524
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$1,926
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$533
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$2,073
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Indiana Farmers
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$535
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$1,907
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$550
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$2,181
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$552
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$1,908
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Car insurance after a DUI in Indianapolis
A DUI is one of the more serious driving offenses, which drivers usually see reflected in their rates. According to Bankrate’s research, minimum coverage car insurance coverage for drivers with a DUI costs an average of 1,114 per year in Indianapolis, while full coverage costs 3,899. However, you may find a more affordable policy with one of the insurance companies named below.
Keep in mind that not every car insurance company will agree to write a policy for a driver with one or multiple DUIs. The best way to determine if a company will agree to write you a policy is by requesting a quote. If you have a DUI on your record, you may need your insurer to file an SR-22 form on your behalf with the Indiana Bureau of Motor Vehicles.
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$431
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$1,509
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$636
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$2,714
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$636
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$2,468
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$721
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$2,821
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$808
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$3,540
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Minimum coverage requirements in Indianapolis
In the state of Indiana, drivers are required to carry a minimum amount of car insurance coverage in order to drive legally. This consists of:
- $25,000 of bodily injury liability coverage per person
- $50,000 of bodily injury liability coverage per accident
- $25,000 of property damage liability coverage per accident
All Indiana car insurance policies must offer at least these amounts of uninsured/underinsured motorist coverage, but coverage can be rejected by the insured in writing:
- $25,000 of uninsured/underinsured motorist bodily injury coverage per person
- $50,000 of uninsured/underinsured motorist bodily injury coverage per accident
- $25,000 of uninsured motorist property damage coverage
Purchasing just the state minimum coverage can be an effective way for drivers to save money in the short run, but could lead to greater out-of-pocket costs later on. The state minimum liability insurance only provides financial protection for the damage you cause to another party if you are found at fault for an accident; if you are at fault for an accident and your vehicle gets damaged, you would need to pay for those repairs on your own. Additionally, state minimum liability limits are relatively low compared to the potential costs for damage after a serious accident.
Choosing the right amount of coverage can be just as important as choosing the right provider. To ensure you are financially protected and within your insurance budget, you may want to set up some time to speak with a licensed agent.
Frequently asked questions
Methodology
Rates
Bankrate utilizes Quadrant Information Services to analyze May 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and full coverage limits with bundling and paperless billing discounts applied:
Bodily injury liability
$100,000 per person$300,000 per accident
Property damage liability
$50,000 per accidentPersonal injury protection
$100,000 per accidentUninsured motorist bodily injury
$100,000 per person$300,000 per accident
Collision deductible
$500Comprehensive deductible
$500To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.
If otherwise specified, the base profile has been modified with the following driver characteristics:
Other profiles
Bankrate Score
Our 2025 Bankrate Score for auto insurance considers key variables that our insurance editorial team determined impact policyholders’ experiences with an insurance company. These factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well auto insurance companies satisfy these priorities, our team analyzed quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC).
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated the discount options listed on each company’s website.
- Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
