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Indianapolis Car Insurance

How much does car insurance cost in Indianapolis, IN? Check out the average rates that drivers pay below.

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What Is the Average Cost of Car Insurance in Indianapolis?

Indianapolis, Indiana is a trailblazing town known for its family-friendly adventures, race car competitions and epic sports battles. Indiana's most populous city is where you'll find the Indianapolis Motor Speedway, NCAA Hall of Champions and Lucas Oil Stadium. The city has hosted multiple football and basketball championships and is home to the Indianapolis Colts.

Conde Nast Traveler named the city as one of its Best Places to Go in 2021. Traveler + Leisure gave Indianapolis its Best Places to Travel for 2021.

Residents can use IndyGo transportation to get around town, but having a car is still one of the best ways to explore all of Indianapolis's attractions.

Are you an Indy resident who needs insurance coverage for your vehicle? SmartFinancial can help you find affordable insurers that fit your needs and budget. In this article, you'll learn about the auto insurance requirements for Indianapolis.

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in Indiana has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Indianapolis typically pay around $81.10 per month compared to the national average of $134.05 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

AreaAverage Monthly Rate
National $134.05
Indiana $75.12
Indianapolis, Indiana $81.10

Indianapolis, IN Best Car Insurance Companies

car insurance in Indianapolis

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, Clearcover generally has the most affordable car insurance in Indianapolis coming in around $48.83 per month. Other companies to consider if you live in Indianapolis is USAA with an average cost of $63.99 per month and Pekin Insurance which typically runs around $81.96 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Indianapolis.

RankCompanyAverage Monthly RateComparison State Average
1 Clearcover $48.83-35.00%
2 USAA $63.99-14.81%
3 Pekin Insurance $81.969.10%
4 Erie $88.3217.58%
5 State Farm $91.6922.06%
6 Buckeye Insurance Group $94.2925.52%
7 Grange Mutual $103.2037.38%
8 Auto-Owners Insurance Co $103.7838.15%
9 Cincinnati Insurance $105.5140.45%
10 Westfield $113.6251.25%

How Much is Car Insurance in Indianapolis, IN?

how much is auto insurance in Indianapolis

Rates can vary from city to city. The residents of Evansville typically pay $71.83 per month while people who live in Fort Wayne will pay $74.40 per month on average. See what people pay for car insurance in other cities in Indiana.

Indiana CitiesMonthly Average Rate
Evansville $71.83
Fort Wayne $74.40
Indianapolis $80.44
South Bend $68.08
Terre Haute $68.65

Cheap Car Insurance in Indianapolis by Zip Codes

find cheap auto insurance in Indianapolis

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of Indiana. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Indianapolis, IN ZIP CodeAverage Monthly Rate
46201$79.24
46202$91.16
46203$78.53
46204$68.05
46205$78.05
46208$70.76
46214$90.40
46216$66.84
46217$79.23
46218$70.92
46219$81.93
46220$83.62
46221$75.08
46222$80.91
46224$82.94
46225$104.79
46226$76.54
46227$80.03
46228$114.86
46229$75.34
46230$136.67
46231$86.70
46234$74.10
46235$75.30
46236$70.72
46237$97.84
46239$76.89
46240$94.96
46241$83.16
46242$80.56
46250$89.21
46254$76.31
46256$81.01
46259$72.60
46260$85.18
46262$42.54
46268$76.32
46278$88.18
46280$98.78
46290$49.13
46298$65.31

Car Insurance Rates by Driver's Age Group in Indianapolis

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $160.00 per month in Indianapolis. Compare that to drivers in their 30’s who typically pay around $73.39 per month drivers in their 40s at $65.54 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Age GroupAverage Monthly Rate
16-19$160.00
20s$105.58
30s$73.39
40s$65.54
50s$60.34
60s$60.62
70+$66.07

Cheapest Insurance for Teenage Drivers in Indianapolis

If you are teen in Indianapolis you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, USAA typically charges around $102.28 per month. This is likely the most affordable option in Indianapolis. You might also want to consider Erie and Pekin Insurance who also offer good affordable policies for teen drivers.

CompanyAverage Monthly Rate
USAA$102.28
Erie$162.66
Pekin Insurance$167.56
Indiana Farmers Mutual Ins$188.94
State Farm$189.84

Cheapest Insurance for 20 Year-olds in Indianapolis

20 year-olds in Indianapolis might want to consider Clearcover who, on average, offers car insurance rates around $61.08 per month. USAA , Pekin Insurance , Erie and State Farm are also in the top 5 cheapest rates available.

CompanyAverage Monthly Rate
Clearcover$61.08
USAA$83.35
Pekin Insurance$104.82
Erie$117.92
State Farm$122.45

Cheapest Insurance for 30 Year-olds in Indianapolis

If you are in your 30s in Indianapolis our research has found that Clearcover typically has the most affordable coverage coming in around $51.49 per month, followed by USAA at $56.55 and Pekin Insurance at $69.32.

CompanyAverage Monthly Rate
Clearcover$51.49
USAA$56.55
Pekin Insurance$69.32
State Farm$73.90
Erie$74.60

Cheapest Insurance for 40 Year-olds in Indianapolis

On average, Clearcover offers car insurance for 40 year-olds in Indianapolis for around $47.16 per month. If you are looking for affordable coverage, you may also want to consider USAA or Pekin Insurance. The full list of top companies is below.

CompanyAverage Monthly Rate
Clearcover$47.16
USAA$51.89
Pekin Insurance$63.00
Erie$70.22
State Farm$72.32

Cheapest Insurance for 50 Year-olds in Indianapolis

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Indianapolis we found that Clearcover generally offers the most affordable coverage at $38.76 per month.

CompanyAverage Monthly Rate
Clearcover$38.76
USAA$49.38
Pekin Insurance$65.00
Erie$67.01
Buckeye Insurance Group$67.40

Cheapest Insurance for 60 Year-olds in Indianapolis

If you live in Indianapolis and you’re in your 60s, our data indicates that Clearcover usually has the best rates at $40.82 per month. The top 5 list of car insurance companies is below.

CompanyAverage Monthly Rate
Clearcover$40.82
USAA$47.02
Pekin Insurance$61.09
Cincinnati Insurance$63.37
Erie$64.01

Driver's Coverage Auto Insurance Rates in Indianapolis, IN

driver's coverage

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Indianapolis, the average monthly rate for a driver who is currently insured is $75.89 while drivers who are not currently covered will pay around $87.73.

CoverageAverage Monthly Rate
Not Currently Insured $87.73
Currently Insured $75.89

Compare Recent Car Insurance Quotes in Indianapolis

auto insurance quotes in Indianapolis city

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Indianapolis a driver of a 2010 Dodge Charger can expect to pay around $65.90 per month while someone that owns a 2005 Ford Crown Victoria may pay around $41.62 per month. Check out the list of recent quotes in Indianapolis below.

VehicleAverage Monthly Rate
2010 Dodge Charger$65.90
2005 Ford Crown Victoria$41.62
2017 Dodge Journey$48.75
2012 Cadillac CTS$64.98
2018 Chevrolet Camaro$85.36
2008 Buick Enclave$34.51
2013 Ford Escape$68.05
2009 Hyundai Elantra$62.57
2007 Ford F250$74.74
2012 Chrysler 300$79.27

FAQ's for Drivers in Indianapolis, IN

driver’s frequently asked question in Indianapolis

Indianapolis Auto Insurance Requirements

What Is the Minimum Amount of Liability Coverage Requirement in Indianapolis?

Indiana law says drivers must show they have financial responsibility in effect for a motor vehicle. The Indiana Bureau of Motor Vehicles requires 25/50/25 liability insurance coverage for all drivers. The minimum liability insurance requirements for private passenger vehicles in Indiana are:

  • Bodily Injury Liability Coverage (one individual): $25,000 for injury/death to one personal injury
  • Bodily Injury Liability Coverage (two or more people): $50,000
  • Property Damage Liability Coverage: $25,000

Indiana's minimum insurance requirements may not provide enough coverage if at-fault in a car wreck. Buy more insurance, especially if you have a lot of assets. SmartFinancial can help you find affordable car insurance to ensure you have enough protection if the worst happens. Fill out the form on this page to get started.

What Is the Blood Alcohol Concentration (BAC) Limit in Indianapolis?

Driving Under the Influence means you had alcohol or other substances in your system while driving your vehicle. In Indiana, it is a criminal offense for a person to operating an automobile with the following blood alcohol concentration (BAC):

  • BAC over the legal limit of .08 is a criminal offense and has an immediate effect on your privilege to operate a vehicle.

Unfortunately, no one is perfect. If you get a DUI on your record, it can significantly increase your auto insurance rates. SmartFinancial can help you find lower insurance rates. You can fill out the form on our page and comparison shop for insurers that meet your needs.

Can I Register My Car Without Insurance in Indianapolis?

No, you can't. According to Indiana Law, drivers can't own or operate cars within the state if they don't have insurance. Drivers must buy auto liability insurance to repair or replace another driver's vehicle, damaged property, or medical expenses when you're at fault in an accident.

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Commute Time in Indianapolis, IN

23.2 Miles
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Commute Time in United States

26.4 Miles
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Number of Nearest Insurance Agents in Indianapolis, IN

1121

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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