New Albany, IN Car Insurance

The average cost for car insurance in New Albany is about $55 a month. Check out our guide below to find out how much you'll pay.
How much can residents of New Albany expect to pay for their car insurance? How do rates in New Albany measure up compared to neighboring areas, including Indiana as a whole? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in New Albany?

Area Average Monthly Car Insurance Premium
New Albany$55
IN$51
United States$80

You can see in the chart above that it's around $4 a month more expensive to insure your vehicle in New Albany than it is in the rest of Indiana.

When viewed against the average rates for the rest of the U.S., auto insurance coverage in New Albany is rather affordable. You can expect to pay about $25 less for your policy in New Albany than in the rest of United States.

While these are the average car insurance rates for New Albany, keep in mind that you could end up paying a different amount. There are a number of factors that determine how much insurance companies might charge you for your insurance policy. 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.

Don't sweat it however, we've broken down average rates for New Albany residents so that you can get a more accurate idea of what you might pay. 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!

See what you'll pay in just minutes

Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$90
25-34$54
35-44$47
45-54Not Enough Data
55-64$42
65+$34

The older you are, the more experience you're likely to have on the roads, right? That experience can lead to some serious savings when it comes to auto insurance bills. As you can see, 18-24-year-olds pay $56 more than drivers 65 and older.

You can expect to see your monthly premium drop every 10 years or so. As you get closer to retirement age, however, you may see your rates climb back up in New Albany.

Average Car Insurance Rates by Gender

Gender Average
Male$54
Female$56

Male drivers pay, on average. slightly more than female drivers for auto insurance. While this isn't true in New Albany, the difference in monthly rates is minimal.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$64
Multiple Accidents$95
1 Ticket$97
Multiple TicketsNot Enough Data

Your rates can vary wildly depending on your driving record. A clean driving record will get you a lower rate than one with even just a single accident or infraction. In New Albany, a driving record with one accident will usually get you a rate around $64 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $97.

When it comes to your monthly premium, accidents, tickets, and other driving infractions can really take a toll. 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$99
2-3 Years$70
4-5 Years$44
6-7 Years$74
8-10 Years$53
11-14 Years$54
15 Years or Older$53

If you look at the first table above, you'll see that trucks and vans are typically the cheapest vehicles to insure in New Albany, with drivers paying around $50 per month to insure their vehicle.

Car owners can expect to pay an average of around $58 a month for their policy, while SUVs usually cost around $51 a month to insure.

You may also see different rates based on your vehicle's age. Generally, newer vehicles are going to be the most expensive to insure. Once your car is around 5 years old, however, you may see your bill start to shrink a bit. The most expensive vehicles to insure in New Albany are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$57
Married$53
Divorced$47
Widowed$32

Generally, those who are currently married will pay slightly less for auto insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something many companies extend special discounts for.

At a national level, single drivers usually pay more than married couples do for auto insurance. New Albany follows that pattern, with the difference totaling to around $4 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$47
Rent$55
Live with parents$91

Another factor that comes into play is your housing situation. If you rent your home or apartment in New Albany, expect to pay around $8 a month more than if you own property. But if you live with your parents, you can expect to pay a lot 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 New Albany, IN

Recent trends in car insurance for New Albany drivers

Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.

The rates for auto insurance in New Albany rose from 2016-2018, when they hit a high of $68. This pattern shifted in 2019, when they began to decrease, and have continued to do so through 2021, when policy premiums reached a low of $37 per month.

How does New Albany compare to neighboring areas?

Why are car insurance rates in New Albany different from other areas?

When considering how much to charge for coverage, car insurance companies will review a lot of factors. While we mentioned the factors that affect your personal policy, others are based around where you live. These include things like:

  • Total number of drivers
  • Laws
  • Road Safety (how many accidents each locality has)
  • Off-street parking accessibility
  • Prevalence of crime

You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. 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 New Albany?

While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Fortunately, Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from a number of the car insurance companies offering plans in New Albany.

Compare the cheapest quotes from dozens of insurance companies

New Albany Insurance FAQs

What factors affect car insurance quotes in New Albany?

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 address, credit score, driving record and marital status, as well as your vehicle's year and make and model.

Why is the cost of car insurance in New Albany 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 New Albany?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to New Albany?

Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

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

No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to New Albany or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.

Find your best rate in just a few minutes