Greenwood, IN Car Insurance

On average, Greenwood drivers pay a monthly average rate of around $51 for their car insurance. For more information refer to our guide below.
How much can residents of Greenwood expect to pay for their car insurance? How does Greenwood stack up to the rest of the area, or even Indiana as a whole? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:  

How much is car insurance in Greenwood?

Area Average Monthly Car Insurance Premium
Greenwood$51
IN$51
United States$80

As you can tell by looking at the chart above, car insurance rates in Greenwood are about the same as the rest of Indiana.

Car insurance rates in Greenwood are often favorable when viewed against the rest of the country. Auto insurance coverage in Greenwood is about $29 cheaper than it is for the rest of the United States.

Bear in mind that while these are the average car insurance rates for Greenwood, you could end up paying something different. Insurance companies weigh a variety of factors when determining how much to charge you for car insurance. The final dollar amount you'll be asked to pay each month is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.

We've analyzed the average rate for Greenwood and broken down the different factors to help you understand what your policy's monthly premium will be. And if you're not certain that you're paying the lowest option, simply enter your ZIP Code below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$218
18-24$76
25-34$50
35-44$39
45-54Not Enough Data
55-64$36
65+$37

The older you are, the more experienced you are on the roads. That experience can lead to some serious savings when it comes to car insurance bills. As you can see, 18-24-year-olds pay two times as much as drivers of retirement age.

You can expect to see your monthly premium drop about once a decade or so. Drivers in Greenwood may see their rates begin to increase again once they hit retirement age.

Average Car Insurance Rates by Gender

Gender Average
Male$55
Female$47

On average, female drivers pay slightly less than male drivers for car insurance. In Greenwood, the difference comes out to about $8 per month. As you can see in the table above, female drivers in the area typically pay $47 on average, while female drivers typically pay $55 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$63
Multiple Accidents$114
1 Ticket$162
Multiple Tickets$105

Your rates can vary wildly depending on your driving record. Drivers who avoid accidents and tickets will pay lower rates than those with infractions. The rate for drivers in Greenwood with a single accident on their record is about $63 a month. Similarly, drivers with one ticket will typically pay around $162 on average.

Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$52
2-3 Years$57
4-5 Years$50
6-7 Years$38
8-10 Years$50
11-14 Years$48
15 Years or Older$55

As you can see in the first table above, the cheapest vehicles to insure in Greenwood are typically trucks and vans, which run about $47 per month.

SUV drivers will see rates of about $54 for car insurance coverage, while car owners by and large pay around $51 a month.

In addition to vehicle type, you can also expect to see slightly different rates based on your vehicle's age. Generally, newer vehicles are going to be the most expensive to insure. Once your car is close to 5 years old, however, your monthly bill may start to dip back down. In Greenwood, vehicles two-to -three years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$60
Married$38
Divorced$39
Widowed$28

Overall, car insurance is slightly cheaper for married policyholders. This occurs because insurance companies commonly offer special discounts to policyholders with multiple vehicles that are on the same policy.

At a national level, single drivers usually pay more than married couples do for auto insurance. Greenwood follows that pattern, with the difference totaling to around $22 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$41
Rent$53
Live with parents$72

Your housing status is another component of how insurance companies calculate your monthly rate. Those who own their own home in Greenwood can expect to pay around $12 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.

If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your overall costs, depending on your insurance company.

Car Insurance Companies in Greenwood, IN

Recent trends in car insurance for Greenwood drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before shopping for coverage.

In Greenwood, auto insurance rates dropped from 2016-2017, before steadying out in 2018. Rates finished down in 2021, at $33 per month

How does Greenwood compare to neighboring areas?

Why are car insurance rates in Greenwood different from other areas?

Car insurance companies look at a variety of factors when they're deciding how much to charge for a policy. The specifics of where you park your car will have an impact on your personal policy. This might include things like:

  • Area regulations
  • Number of car accidents
  • Total number of drivers in the area
  • Area crime rates
  • Off-street parking accessibility

You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Each area will have different rates. Guides like these are a wonderful place to get started.

How can I find the cheapest car insurance in Greenwood?

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

But hold on! Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from a number of the car insurance companies offering auto coverage in Greenwood.

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Greenwood Insurance FAQs

What factors affect car insurance quotes in Greenwood?

Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your driving record, credit score, address and marital status, as well as your vehicle's year and make and model.

Why is the cost of car insurance in Greenwood different from other neighboring cities?

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like parking situations, local laws, and crime rates -- which can vary from city to city -- can significantly affect your rate.

Which car insurance company will offer me the cheapest rate in Greenwood?

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Greenwood?

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Greenwood or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?

Find your best rate in just a few minutes