Auto-Owners, Travelers, Geico and State Farm are Indiana’s best car insurance companies in 2024. This evaluation is based on a comprehensive analysis of the insurers’ annual car insurance rates, financial strength ratings and customer satisfaction scores.
Use our guide to find the best insurance company for your needs and budget. We’ll help you understand your options in Indiana so you can make a confident decision.
Our take
Auto-Owners is the top choice for car insurance in Indiana. Its high financial rating of A++ from AM Best and competitive rates make it an excellent option for affordable and comprehensive coverage.
Auto-Owners’s average car insurance cost is $1,188 a year. It has a J.D. Power score of 833/1,000 and an overall rating of 3.85 out of 5.
CarInsurance.com found that Geico offers the lowest average car insurance premiums at $986 per year.
Check out our experts recommendations for the best car insurance coverage
What are the best car insurance companies in Indiana?
When it comes to finding the right car insurance, Indiana drivers have many top-rated companies to choose from. Whether you’re looking for the best overall experience, the most affordable rates or exceptional customer service, there’s an insurer that meets your needs.
Here’s a breakdown of the best auto insurance companies in Indiana by category.
| Category | Company |
|---|---|
| Best overall | Auto-Owners |
| Most affordable | Geico |
| Highest customer satisfaction | State Farm |
| Best for teen | Auto-Owners |
| Best for young adults | Auto-Owners |
| Best for adults | Auto-Owners |
| Best for seniors | Auto-Owners |
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Compare the best auto insurance companies in Indiana
Comparing car insurance companies in Indiana is important because it helps you find the best coverage at the most affordable price. Insurance companies offer different rates and benefits, so by shopping around, you can choose a policy that fits your needs and budget.
To assist you, we’ve thoroughly reviewed the top insurers in the state. Find below the list of the best auto insurance providers in Indiana.
| Company | Annual cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Auto-Owners | $1,188 | A++ | 833 | 0.50 | 3.85 |
| Travelers | $1,264 | A++ | 806 | 0.49 | 3.38 |
| Geico | $986 | A++ | 831 | 0.91 | 3.28 |
| State Farm | $1,616 | A++ | 837 | 0.70 | 3.07 |
| Nationwide | $1,309 | A+ | 821 | 0.64 | 3.04 |
| Progressive | $1,480 | A+ | 816 | 0.65 | 2.94 |
| Farmers | $1,956 | A | 816 | 0.80 | 2.47 |
| Allstate | $2,324 | A+ | 822 | 0.65 | 2.40 |
Best car insurance companies by age group in Indiana
As drivers age, their needs, driving habits and risk profiles change, influencing their car insurance rates and the types of coverage they need. Understanding which car insurance company caters best to your needs helps you make more informed decisions, potentially leading to better coverage and cost savings.
Select your age group and coverage level below to see the list of best car insurance companies and their annual average rates.
| Company | Annual rates | Customer satisfaction rating |
|---|---|---|
- Full coverage: 100/300/100 liability with $500 comprehensive/collision deductible
- Liability only: 50/100/50 liability only
- State minimum: State minimum coverage
Check out our detailed guide on average car insurance rates by age group
Best for teen drivers in Indiana
Teen drivers typically face higher insurance premiums due to their higher risk and lack of driving experience. It’s important to find insurance companies that offer competitive insurance rates and provide benefits for teen drivers, such as good student discounts, driver training discounts and accident forgiveness.
Auto-Owners is an excellent choice for teen drivers looking to save on premiums. It offers car insurance at $3,395 annually.
To find the best car insurance companies for teen drivers, we considered various parameters to ensure a detailed analysis. Each company’s score is based on a weighted analysis of four key factors:
- The average annual full-coverage car insurance cost (25%)
- J.D. Power score (30%)
- AM Best rating (25%)
- NAIC rating (20%)
Each factor is assigned a certain percentage weight based on the companies’ performance in each category.
According to our analysis, these are the top picks for teens aged 16-19 in Indiana:
| Company | Annual cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Auto-Owners | $3,395 | A++ | 833 | 0.5 | 3.93 |
| Travelers | $4,251 | A++ | 806 | 0.49 | 3.35 |
| State Farm | $4,736 | A++ | 837 | 0.7 | 3.19 |
| Geico | $3,715 | A++ | 831 | 0.91 | 3.17 |
| Progressive | $4,588 | A+ | 816 | 0.65 | 2.99 |
| Nationwide | $4,766 | A+ | 821 | 0.64 | 2.96 |
| Allstate | $5,751 | A+ | 822 | 0.65 | 2.8 |
| Farmers | $8,062 | A | 816 | 0.8 | 2.23 |
Best for young adults in Indiana
Young drivers often face higher premiums due to their perceived risk, making it important to find the right insurance company. Based on an analysis by the National Safety Council, 7,300 drivers were involved in fatal crashes for the age group 20-24, accounting for 11.2% of the total drivers in such incidents.
Companies like Auto-Owners and Travelers offer affordable rates for those aged 20-24 in Indiana.
To determine the best car insurance companies for young adults in 2024, we analyzed four key factors: average annual full coverage cost (25%), J.D. Power score (30%), AM Best rating (25%) and NAIC rating (20%). Each factor was given a specific percentage weight to calculate the overall performance.
| Company | Annual cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Auto-Owners | $1,986 | A++ | 833 | 0.50 | 3.79 |
| Travelers | $2,036 | A++ | 806 | 0.49 | 3.35 |
| Geico | $1,494 | A++ | 831 | 0.91 | 3.28 |
| State Farm | $2,730 | A++ | 837 | 0.70 | 3.01 |
| Nationwide | $2,250 | A+ | 821 | 0.64 | 2.96 |
| Progressive | $2,512 | A+ | 816 | 0.65 | 2.87 |
| Allstate | $3,419 | A+ | 822 | 0.65 | 2.53 |
| Farmers | $3,253 | A | 816 | 0.80 | 2.42 |
Best for adult drivers in Indiana
For those aged 25 to 60, choosing car insurance means weighing factors such as coverage options, customer service and premium costs. These factors are important in finding the best insurer.
Auto-Owners is the best car insurance company in Indiana for adult drivers. It offers full coverage insurance at an average cost of $1,197 a year and has an overall rating of 3.85, higher among the companies analyzed.
We have evaluated and curated a list of the best car insurance companies for adult drivers based on four key factors: average annual full coverage car insurance cost in Indiana (25%), J.D. Power score (30%), AM Best rating (25%), and NAIC rating (20%).
Experienced drivers are usually seen as less risky than younger drivers because they have more experience on the road and as a result, they often pay lower insurance premiums.
Find below the list of the best car insurance companies in Indiana and their average annual premiums for adult drivers aged 25-60.
| Company | Annual cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Auto-Owners | $1,197 | A++ | 833 | 0.50 | 3.85 |
| Travelers | $1,293 | A++ | 806 | 0.49 | 3.37 |
| Geico | $985 | A++ | 831 | 0.91 | 3.28 |
| State Farm | $1,625 | A++ | 837 | 0.70 | 3.08 |
| Nationwide | $1,294 | A+ | 821 | 0.64 | 3.06 |
| Progressive | $1,495 | A+ | 816 | 0.65 | 2.94 |
| Farmers | $1,856 | A | 816 | 0.80 | 2.55 |
| Allstate | $2,380 | A+ | 822 | 0.65 | 2.40 |
Best for senior drivers in Indiana
Auto-Owners offers the lowest car insurance premiums at $1,202 a year, making it an affordable choice for senior drivers.
Insurance rates tend to increase for drivers around age 70 and older. This rise is due to insurers’ perception of increased risk associated with aging. Factors like slower reflexes, poor eyesight and a higher likelihood of health issues that could affect driving ability contribute to this perception. As a result, seniors may see their premiums increase, despite having years of driving experience and possibly a long history of safe driving.
Determining the best car insurance companies for senior drivers requires a comprehensive analysis of several factors. Each insurer’s overall score is derived from a weighted analysis of four important factors: the average annual cost of full-coverage car insurance (25%), the J.D. Power score (30%), the AM Best rating (25%) and the NAIC rating (20%).
The best auto insurance companies in Indiana are listed below for senior drivers aged 65-75.
| Company | Monthly cost | AM Best | J.D. Power | NAIC | Overall score out of 5 |
|---|---|---|---|---|---|
| Auto-Owners | $100 | A++ | 833 | 0.50 | 3.79 |
| Travelers | $107 | A++ | 806 | 0.49 | 3.30 |
| Geico | $74 | A++ | 831 | 0.91 | 3.28 |
| State Farm | $129 | A++ | 837 | 0.70 | 3.07 |
| Nationwide | $100 | A+ | 821 | 0.64 | 3.06 |
| Progressive | $128 | A+ | 816 | 0.65 | 2.84 |
| Farmers | $163 | A | 816 | 0.80 | 2.42 |
| Allstate | $188 | A+ | 822 | 0.65 | 2.40 |
Learn more about how to shop for car insurance for seniors
Best overall car insurance company in state
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Choosing the right insurance company is largely determined by your driver profile. Here’s how to find the best insurer to suit your specific needs:
For budget-conscious drivers in Indiana
Look for car insurance companies that offer discounts, including safe driver, multi-policy and automatic payment discounts, to reduce your premiums. And you can opt to pay your premiums monthly, semi-annually or annually.
Find the best insurance companies and their annual rates for different coverage levels listed below in Indiana.
| Company | State-minimum | Liability-only | Full coverage |
|---|---|---|---|
| Geico | $249 | $313 | $986 |
| Auto-Owners | $248 | $306 | $1,188 |
| Travelers | $361 | $431 | $1,264 |
| Nationwide | $549 | $576 | $1,309 |
| Progressive | $398 | $455 | $1,480 |
| Indiana Farmers Insurance | $353 | $430 | $1,604 |
| State Farm | $365 | $442 | $1,616 |
| Farmers | $704 | $938 | $1,956 |
| Indiana Farm Bureau | $485 | $573 | $2,153 |
| Allstate | $676 | $784 | $2,324 |
| USAA | $199 | $231 | $783 |
Notes:
- Full coverage car insurance limit is 100/300/100 with a $500 deductible.
- Liability-only car insurance limit is 50/100/50.
- State minimum car insurance is 25/50/25.
For high-risk drivers in Indiana
High-risk drivers, such as those with multiple traffic violations or DUIs, should seek insurers specializing in high-risk policies. Work on improving your driving record. Attend defensive driving courses or consider driving a safer, less risky vehicle. These changes can help lower your rates over time.
High-risk status isn’t forever. Work toward earning a clean driving record, improving your risk profile and comparing insurance quotes to find better rates.
| Company | 6-month cost | Annual cost |
|---|---|---|
| Travelers | $939 | $1,878 |
| Auto-Owners | $991 | $1,982 |
| Nationwide | $1,070 | $2,139 |
| Geico | $1,102 | $2,203 |
| Progressive | $1,247 | $2,493 |
| State Farm | $1,266 | $2,532 |
| Allstate | $1,646 | $3,292 |
| Farmers | $1,754 | $3,508 |
| USAA | $585 | $1,169 |
By thoroughly researching and understanding their specific driver profiles, high-risk drivers can find an insurance company that meets their needs and offers the best value.
In conversation with experts
CarInsurance.com editors interviewed James Brau, Joel C. Peterson, professor of finance at Brigham Young University. See his responses below.
How important is customer service when deciding the right car insurance company?
Customer service is critical – it should be one of the top factors consumers consider. All else equal, meaning similar premiums, coverage, riders, etc., customer service is often the deciding factor. If a customer gets to speak to a cheerful human without 10 minutes of robot phone trees, especially when stressed out after a wreck or theft, it makes life a lot better.
What are the key factors that consumers should consider when selecting a car insurance company in their state?
Customers should do research pertaining to coverage, premiums, reputation, how many stars on reviews, etc. Make sure to compare apples to apples – that you’re getting the same coverage amounts, for example. Shop around – competition helps the consumer.
How often should policyholders review and adjust their car insurance policies?
Every six months is a good rule of thumb because most people pay in semi-annual installments. If you keep your company on its toes, they are more likely to stay competitive and offer special pricing, deals, incentives, etc.
Frequently asked questions
What is the average cost of car insurance in Indiana?
The average annual cost of car insurance in Indiana is $1,515. This rate can vary depending on factors such as the driver’s age, driving history and coverage limits
How much car insurance coverage do I need in Indiana?
When assessing your car insurance needs in Indiana, consider the state’s legal requirements. Typically, the minimum coverage required in Indiana consists of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 in property damage liability.
If you have valuable assets to safeguard, it’s wise to go beyond Indiana’s minimum requirements and opt for higher liability limits. Experts suggest getting full coverage car insurance with limits of 100/300/100 and a $500 deductible for collision/comprehensive.
Here’s what it means:
- $100,000 in bodily injury liability per person pays for injuries you cause to others in an accident.
- $300,000 in bodily injury liability per accident will cover injuries per accident, covering costs if multiple people are injured.
- $100,000 in property damage liability per accident covers damage you cause to another driver’s property in an at-fault accident.
Opting for higher limits is advisable as they provide increased protection against financial losses. When choosing coverage limits, also take into account your driving habits, the value of your vehicle and your finances.
Which company has the best car insurance rates in Indiana?
CarInsurance.com’s analysis shows that Geico offers the lowest car insurance rates for Indiana drivers, with an average premium of $82 per month or $986 per year.
Resources & Methodology
Sources
- Insurance Institute for Highway Safety. “Fatality Facts 2022 Teenagers.” Accessed September 2024.
- Centers for Disease Control and Prevention. “Risk Factors for Teen Drivers.” Accessed September 2024.
- National Safety Council. “Age of Driver.” Accessed September 2024.
Methodology
CarInsurance.com collected insurance rate data from Quadrant Information Services for Indiana drivers. The rate data is for drivers of different age groups:
- Teens: Age 16-19
- Young adults: Age 20-24
- Adults: 25- 60
- Seniors: 60-75
The different coverage levels include:
- Annual full coverage car insurance with a coverage limit of $100,000 in bodily injury per person, $300,000 in bodily injury coverage per accident, $100,000 in property damage coverage per accident and a $500 collision/comprehensive deductible.
- A six-month car insurance policy with limits of 100/300/100-500 coll/comp deductible.
- Liability-only car insurance rates with a limit of 50/100/50.
- State minimum coverage limit of 25/50/25.
Car insurance rates are calculated by evaluating the sample profile of a 40-year-old male and female driver with the following incidents applied:
- 1 at-fault property damage accident over $2K
- 1 at-fault property damage accident under $2K
- At-fault bodily injury accident
- Poor credit
- DUI/DWI first offense
- Speeding 30+ over limit
- Speeding ticket 1-10 mph over limit
- Speeding ticket 11-29 mph over limit
The editors created a rating system to determine the best insurance companies in each sector. For auto insurers, we took the following and gave each a weight.
- Average annual cost: 25%
- J.D. Power score: 30%
- AM Best rating: 25%
Each insurer was awarded an overall rating of 0.5 to 5. No insurer in our overall rating received less than 1 rating and 5 was the most any insurer could receive.
To evaluate the rates, we have compared 51,088,003 insurance quotes from 167 national & regional insurance companies across 29,152 cities and 34,588 ZIP codes.
Note: USAA is only available to military community members and their families.
Ask the Insurance Expert
Laura Longero
Executive Editor
Laura Longero is an insurance expert and Executive Editor at CarInsurance.com, where she specializes in helping consumers navigate the complexities of the financial and insurance industries. She has 15 years of experience educating people about finance and car insurance. Prior to joining CarInsurance.com, she worked as a reporter and editor at the USA Today Network. Her expertise provides readers with practical guidance, helping them make informed choices about their financial and insurance needs.
Ask the Insurance Expert
John McCormick
Editorial Director
John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.
Ask the Insurance Expert
Leslie Kasperowicz
Executive Editor
Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.
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Nupur Gambhir
Managing Editor
Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.
Guide to car insurance (with rates) in cities of Indiana