Table of contents
How much is car insurance in Indianapolis?
| Area | Average Monthly Car Insurance Premium |
|---|---|
| Indianapolis | $54 |
| IN | $51 |
| United States | $80 |
As you can see in the chart above, car insurance rates in Indianapolis are slightly more expensive than the rest of Indiana.
On the other hand, car insurance rates in Indianapolis are often favorable when viewed against the rest of the country. The average monthly payment in Indianapolis is about $26 less than the rate for the rest of the U.S.
While these numbers are the average rates for auto insurance in Indianapolis, that doesn't mean it's what you'll pay. There are a variety of factors that car insurance companies consider to determine how much to charge you to get your vehicle insured. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining the bill you'll see each month.
We've broken down the average rates for Indianapolis to help you understand what exactly you might be asked to pay. To find out if you're getting the cheapest rate, just enter your ZIP below and find out in minutes!
Average Car Insurance Rates by Age
| Age Range | Average Premium |
|---|---|
| Under 18 | $179 |
| 18-24 | $80 |
| 25-34 | $49 |
| 35-44 | $44 |
| 45-54 | $45 |
| 55-64 | $38 |
| 65+ | $40 |
It's pretty safe to assume that the older you are, the longer you've been driving. It also makes sense that the more experienced of a driver you are, the safer you are. As you can see, 18-24-year-olds pay a lot more than someone who is retirement aged.
For every ten years older you get, you can expect to see a drop in your monthly premium. Once you hit retirement, however, you may see your rates climb back up a bit in Indianapolis.
Average Car Insurance Rates by Gender
| Gender | Average |
|---|---|
| Male | $55 |
| Female | $52 |
On average, female drivers pay slightly less than male drivers for car insurance. The price to insure your vehicle in Indianapolis, however, is about the same for either group.
Average Auto Insurance Rates by Driving Record
| Infractions | Average Monthly Premium |
|---|---|
| 1 Accident | $76 |
| Multiple Accidents | $78 |
| 1 Ticket | $61 |
| Multiple Tickets | $79 |
Your driving record can have a huge impact on your car insurance rates. Those with fewer accidents and tickets will pay significantly less than those with multiple infractions. The rate for drivers in Indianapolis with a single accident on their record is about $61 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $76.
Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.
Average Insurance Rates by Vehicle
| Vehicle Age | Average Monthly Premium |
|---|---|
| Less Than 1 Year | $49 |
| 2-3 Years | $52 |
| 4-5 Years | $56 |
| 6-7 Years | $48 |
| 8-10 Years | $51 |
| 11-14 Years | $55 |
| 15 Years or Older | $55 |
In terms of affordable coverage, the cheapest vehicles to insure in Indianapolis are by and large trucks and vans, at $45 per month.
Car owners will see a monthly rate of about $56, while SUV owners usually pay around $50 a month.
Depending on how old your vehicle is, you can also expect to see slightly different rates. Overall, newer vehicles are going to be the most expensive to insure. However, once your car is a few years old you may start to see your rates drop back down a bit. In Indianapolis, for example, the most expensive vehicles to insure are vehicles four-to-five years old.
Average Car Insurance Rates by Relationship Status
| Relationship | Average Monthly Premium |
|---|---|
| Single (never married) | $57 |
| Married | $47 |
| Divorced | $43 |
| Widowed | $35 |
On average, car insurance is slightly cheaper for married policyholders. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.
In Indianapolis, the difference in rates based on relationship status can be as much as $10 a month.
Average Car Insurance Rates by Housing Situation
| Housing Status | Average Monthly Premium |
|---|---|
| Own | $47 |
| Rent | $54 |
| Live with parents | $84 |
One other element taken into consideration is your living accommodations. Those who own their own home in Indianapolis can expect to pay around $7 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.
Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your car insurance costs.
Car Insurance Companies in Indianapolis, IN
Recent trends in car insurance for Indianapolis drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing your car insurance policy.
The rates for car insurance in Indianapolis had been increasing from 2016-2019, when they reached a high of $58. This trend shifted in 2020, when they began to decrease, and have continued to do so through the present, when car insurance rates hit a low of $46 per month.
How does Indianapolis compare to neighboring areas?
Why are car insurance rates in Indianapolis different from other areas?
Car insurance companies look at several factors when they're figuring out how much to charge for a policy. While we've discussed the ones that affect your personal policy, others are based around where you live and drive. These include things like:
- Local regulations
- Road Safety (frequency of car accidents)
- Off-street parking availability
- Number of drivers in the community
- Crime
Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Indianapolis?
While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But hold on! Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions about your driving profile, and you'll be comparing the cheapest quotes from numerous car insurance companies offering plans in Indianapolis.
Indianapolis Insurance FAQs
What factors affect car insurance quotes in Indianapolis?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your driving record, address, credit score, marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Indianapolis different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like local laws, parking situations, and crime rates when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Indianapolis?
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 Indianapolis?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea 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. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Indianapolis or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?