Best Companies in Indiana for Car Insurance

There are a variety of reputable car insurance companies in IN. The average rates for full coverage in the state are $60.39/mo. Compare quotes below to reduce your bill.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 21, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Here's what you need to know...

  • Laws in Indiana require that all drivers carry car insurance
  • There are many uninsured drivers, so uninsured motorist protection is a coverage it is wise to have
  • Every different company will figure your rate a little differently
  • The top five national car insurance companies also offer coverage to Indiana residents

Indiana mandates that drivers carry two types of liability coverage, bodily injury and property damage. Indiana car insurance liability limits are 25/50/10.

The first two numbers represent the bodily injury limit, meaning that the bodily injury coverage should cover expenses up to $50,000 subjected to a $25,000 limit per person. The last number represents the minimal limit for property damage coverage, $10,000.

Find FREE Indiana car insurance quotes today with our ZIP code search tool at the top of this page!

Car Insurance Today

In 2008, there were over 208 million licensed drivers in America. Indiana residents comprise 5.5 million or approximately three percent of the total licensed drivers in America.

Indiana is ranked ninth in the country in terms of uninsured drivers, it is estimated that 16 percent of the state’s drivers are not insured. Make sure you get the car insurance coverage you need.

The vast majority of state legislatures have passed mandatory car insurance laws, with 49 states and the District of Columbia opting to make liability coverage compulsory.

Liability coverage compensates the other driver for their resulting expenses, including:

  • vehicle repair
  • medical costs

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How Do Car Insurance Companies Determine Your Rate?

Car insurance companies are experts at measuring risk. Throughout the years, auto insurance carriers have amassed volumes of information; a significant portion of the information has been extracted from policyholder claims.

Over time, patterns begin to emerge and take shape.

Companies start to recognize a greater correlation between a risk factor and the likelihood of an accident occurring.

Each insurance company has their own proprietary formula with unique variations to determine their car insurance premiums.

Despite this fact, the industry standard is to rely heavily or almost exclusively on the following seven factors:

  • Age
  • Gender
  • Location
  • Driving Record and Claims History
  • Credit Score
  • Vehicle Type
  • Driving Patterns

How Do I Compare Car Insurance Companies?

Brand recognition or deep market penetration does not mean that the auto insurance carrier is a good fit you.

Consumers have unique needs, not only in terms of coverage but also customer service expectations.

Here’s what to look for in an insurance company:

  • A.M. Best and Standard & Poor’s Ratings – These agencies exclusively focus on a company’s ability to pay claims.
  • Body Shop Recommendations – Body shop personnel work with insurance company adjusters all the time. They can give you timely advice on which companies take you through too much red tape to get the work you need to be done.
  • Visit Indiana’s Department of Insurance Website – Every state has a Department of Insurance. One of the main functions of the Department is to compile and publish consumer complaint ratios for every auto insurance carrier authorized to sell policies in that territory.
  • Consult the J.D. Power Ratings – J.D. Power provides inclusive ratings that include a broad range of customer touch points, like filing claims, interfacing with customer service/sales representatives, pricing, and coverage options.
  • Work with an Agent – Consumers who want a more personable experience might consider consulting with an agent.

An agent’s job is to cultivate a relationship with the consumer to get a true sense of their insurance needs. There are two different types of car insurance agents.

  1. Captive agents are limited to selling products from only one carrier.
  2. Brokers or independent agents have relationships with several carriers and can present multiple options to their clients.

Car Insurance Giants

Most people have an intuitive sense of who the biggest auto insurance carriers are in terms of market share. Statistics are usually released nationally. Consequently, many prominent regional carriers are never included on such lists.

They may be a viable option worth checking out, see the aforementioned tips on car insurance ratings. As of 2009, the top five auto insurance carriers in the country were:

– State Farm (18.6 percent Market Share)

The Fortune 500 Company, based in Illinois, was founded in 1922. Their business model is community driven and focused.

Home office and branch locations perform the majority of the administrative tasks freeing up the agent to stay in the field and drive sales. Some people like the added personal touch of having a devoted agent to address their insurance needs.

– Allstate (10.5 percent Market Share)

Allstate is the largest publicly held auto insurance carrier in the nation. Like State Farm, its business model is agent focused. You get personalized service.

During these recessionary times, the company has recently begun to tout several ways to save customers money like accident forgiveness, safe driving bonus, and new car replacement.

– Geico (8.2 percent Market Share)

Geico is a wholly owned subsidiary of Berkshire Hathaway, of Warren Buffet fame. The company sales model is direct-to-consumer, focusing on online and telephone platforms. This model may appeal to people who do not need personalized attention.

– Progressive (7.5 percent Market Share)

Headquartered in Ohio, the company focuses on a customer-driven sales process. Customers can get a quote online and engage an agent to complete the process. Advertising campaigns are centered on comparison shopping.

– Farmers, Zurich Financial Services (6.4 percent Market Share)

This Swiss-owned insurer carrier has operational headquarters in California. They were pioneers in an environmentally friendly Alternative Fuel premium discount. Their website also features regional and occupational discounts.

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Comparison Shopping Online

Price is often the deciding factor when choosing an auto insurance carrier. With our FREE ZIP code search, customers are able to easily compare car insurance quotes. Most websites need at least the following information to provide an accurate quote:

  • First and Last Name
  • Date of Birth
  • Gender
  • Contact Information (Phone/Email)
  • Current Address
  • Type of Vehicle
  • Drivers
  • Applicable Discounts

Buying car insurance is virtually a necessity. As with any product, consumers want value at a competitive price point.

Oftentimes, it is incredibly difficult to parse through all the commercials, recommendations of family and friends, and the occasional conversation with an insurance sale professional to determine the best coverage for your household.

Comparison shopping and being an informed conscientious consumer can go a long way in getting the best deal. Start saving today with our FREE car insurance quote comparison tool below now!

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

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Average Monthly Car Insurance Rates by State