How Much is Auto Insurance for Drivers Under 21 in Indiana?

One of the key components used to calculate the policy price is where you keep your car in Indiana. Areas that are more densely populated or have higher claim rates like Gary, Portage, and Indianapolis are more likely to have higher rates, whereas areas with less people or fewer weather incidents receive better rates.

The next table sorts the highest-priced places in Indiana for drivers under 21 to buy an auto insurance policy in.

Premium amounts are estimated as specific location information can impact auto insurance rates significantly.

Finding out which companies have the best auto insurance rates for drivers under 21 calls for a bit more effort than just comparing rates from one or two companies. Each auto insurance company used slightly different criteria to establish rates, so let’s examine the most competitive auto insurance companies in Indiana.

It’s important to understand that Indiana auto insurance rates are influenced by many factors that control the cost of having a policy. Improving your credit score, buying another vehicle, or having an accident may generate price changes that can now make some companies affordable when they were higher priced.

Cheap Insurance Rates for Minors

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Travelers may have some of the best car insurance rates in Indiana at around $620 a year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also make the list of some of the most economical Indiana auto insurance companies.

In the rate table above, if you are currently insured with Western Reserve and switched to Cincinnati Insurance, you might achieve an annual savings of about $174. Customers with Indiana Farmers Mutual could save as much as $203 a year, and The Hartford insureds might lower prices by $217 a year.

To get a quick, customized rate comparison, click here to start your free quote or feel free to get quotes from the companies below.

Understand that those prices are averages across all drivers and vehicles and are not factoring in a price increase for drivers under 21. So the auto insurance company that fits your situation best may not even be in the above rate chart. That illustrates why you need to get auto insurance quotes using your own driver information and specific vehicle type.

The information below shows how choosing a deductible can raise or lower insurance costs when trying to find cheap insurance for drivers under 21. The data assumes a married male driver, full physical damage coverage, and no discounts are applied to the premium.

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The chart above illustrates that a 40-year-old driver could reduce rates by $234 a year by changing from a $100 deductible up to a $500 deductible, or save $354 by using a $1,000 deductible. Younger drivers, like the 20-year-old, can save up to $782 every year by choosing a higher deductible.

When choosing a higher deductible, it is important to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Selecting the best insurance company is hard considering how many companies are available to choose from in Indiana. The rank data below may help you pick which coverage providers to look at when comparing insurance rates for drivers under 21.

These ratings only include companies that insure vehicles across America, so smaller regional companies are not taken into consideration for these rankings. If you’d like to compare prices from the insurers below and more, just click here.

Top 10 Large Auto Insurance Providers in Indiana Ranked by Claims Service

1. Progressive
2. Travelers
3. Liberty Mutual
4. Nationwide
5. USAA
6. GEICO
7. AAA Insurance
8. Safeco Insurance
9. Esurance
10. The General

Find cheap car insurance for drivers under 21 in Indiana

It’s not impossible to find cheaper rates, and here are some of the recommended money-saving solutions that can help Indiana drivers locate the cheapest car insurance.

• Increase your credit score
• Avoid getting citations and tickets
• Buy vehicles with good safety ratings
• Drive attentively and avoid accidents
• Increase your deductibles
• Keep rates low by comparing prices once a year

The last tip in the list is remarkably valuable, as was emphasized in this piece. Auto insurance rates in Indiana can be adjusted at any time, so don’t be afraid to buy from a new company if you find a better deal. Brand loyalty is not necessarily bad, but it’s not a good idea if that loyalty results in overpaying hundreds of dollars year after year. Take a couple minutes and compare prices to find cheaper car insurance for drivers under 21.

Who has the cheapest insurance quotes for minors?

Drivers have a lot of different ways to quote auto insurance rates in Indiana, but the most common are from an independent insurance agent, a captive (or exclusive) agency like Allstate or Liberty Mutual, or buying direct from a company like Progressive or Geico. They all have the same basic principle, but they differ in how they provide price quotes.

Independent insurance agencies work for many companies and can provide price quotes from each one. They have the ability to provide multiple price quotes, which can give you improved chances of finding a lower rate. If they quote lower rates, they can switch companies in-house which prevents you from having to find an new insurance agent.

Exclusive agencies are only able to give prices for one company, two examples are an Allstate or State Farm agent. These agents usually cannot provide multiple price quotes, so smart shoppers will want to get additional comparison quotes.

Direct auto insurance buyers do not use an independent or exclusive agent and instead shop buying direct from a company like Progressive or Esurance. Buying auto insurance direct may be good for consumers who do not have a need for a risk management assessment and know more than average about the limitations of their policy.

Which method is best to buy cheap car insurance for drivers under 21 in Indiana? We’d like to say buying direct saves the most money because you bypass the agent, but unfortunately, that is not always true. It would also be easy to say going through an independent agent can save the most money due to increased selection, but that’s not always true, either. And often times, exclusive agencies may have prices well below independent agents AND direct companies.

Because there is so much variation in auto insurance prices, really the only way to buy the cheapest coverage is to do a thorough rate comparison. Be sure to get rate quotes from all three in order to be able to find the lowest price. For a list of auto insurance companies with low rates, click here to view.