Lafayette, IN Car Insurance

On average, Lafayette drivers pay a monthly average rate of around $52 for their car insurance. To learn more about what you're likely to pay in the Lafayette area, read our guide below.
Compared to their surrounding area, how do rates in Lafayette stack up? What about against the rest of Indiana? What rates should residents of Lafayette expect to pay for their car insurance? Find the average cost breakdowns and determining factors in the charts and writeups below:  

How much is car insurance in Lafayette?

Area Average Monthly Car Insurance Premium
Lafayette$52
IN$51
United States$80

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

When stacked up against the national average, the average monthly policy payment for Lafayette is more affordable. You can expect to pay about $28 less for your policy in Lafayette than in the rest of United States.

While these are the average costs to insure your vehicle in Lafayette, keep in mind that you could end up paying a different amount. Insurance companies take an array of factors into consideration when determining how much to charge you to insure your vehicle. The monthly premium you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.

We've broken down the average rates for Lafayette to help you understand what exactly you might be asked to pay. If you think you might be overpaying for insurance in your area, enter your ZIP Code below and find out!

See what you'll pay in just minutes

Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$172
18-24$68
25-34$40
35-44$41
45-54Not Enough Data
55-64$33
65+$35

It makes sense that older drivers would have more experience behind the wheel. When it comes to auto insurance rates, that experience pays off. As you can see, 18-24-year-olds pay a lot more than drivers of retirement age.

You can expect to see a decrease in your monthly premium drop about once a decade or so. That said, once you hit retirement age, your rates may climb back up in Lafayette.

Average Car Insurance Rates by Gender

Gender Average
Male$47
Female$55

Although women typically pay less than men do for insurance coverage, this is not the case in Lafayette, where female drivers pay around $55 per month while male drivers pay about $47.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$57
Multiple Accidents$81
1 Ticket$111
Multiple Tickets$59

Your rates can change quite drastically depending on your driving record. Drivers with clean records will pay significantly lower rates than those with accidents or violations. Drivers in Lafayette with one accident will pay around $57 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $111.

Accidents, tickets, and other driving infractions can cost you some serious cash. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$41
2-3 Years$88
4-5 Years$46
6-7 Years$47
8-10 Years$56
11-14 Years$50
15 Years or Older$49

According to the first table above, the cheapest vehicles to insure in Lafayette are usually trucks and vans, at $43 per month.

SUV drivers will see rates of about $49 to insure their car, while car owners by and large pay around $54 per month.

Depending on the age of your vehicle, you can also expect to see slightly different rates. Newer vehicles are generally going to be the most expensive to insure. However, once your car is close to 5 years old, you may start to see your monthly premium drop back down. The most expensive vehicles to insure in Lafayette are vehicles two-to -three years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$56
Married$36
Divorced$40
Widowed$42

More often than not, married policyholders will pay slightly less for auto insurance coverage. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.

The difference in rates based on relationship status in Lafayette can be as much as $20 a month, so it's worth keeping that in mind.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$40
Rent$48
Live with parents$66

Your living situation is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment, expect to pay around $8 a month more than those who own their own home in Lafayette. 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 average premiums.

Car Insurance Companies in Lafayette, IN

Recent trends in car insurance for Lafayette drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before picking an insurance policy.

The rates for auto insurance in Lafayette increased from 2016-2018, before steadying out in 2019. They finished down in 2021, at $40 a month

How does Lafayette compare to neighboring areas?

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

When considering how much to charge for coverage, car insurance companies will review a number of factors. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you park your car. These include things like:

  • General road safety (how many accidents each locality has)
  • Total amount of drivers in the community
  • Community laws
  • Off-street parking accessibility
  • Regional crime rates

Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Get started with a guide like this to get familiar with the average rates of your area.

How can I find the cheapest car insurance in Lafayette?

In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.

Don't worry, Compare.com does all of that work for you. Enter your ZIP below, answer a few questions about your driving profile, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering coverage in Lafayette.

Compare the cheapest quotes from dozens of insurance companies

Lafayette Insurance FAQs

What factors affect car insurance quotes in Lafayette?

Car insurance companies calculate quotes based on a wide array of factors. These include things like your gender and age, but also factors like your vehicle's make and model, year, driving record, credit score, as well as your marital status and address.

Why is the cost of car insurance in Lafayette 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 Lafayette?

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.

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

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. 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 Lafayette 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