Best Cheap Auto Insurance for Drivers with Bad Credit in Indiana

When shopping for car insurance for people with poor credit, one of the many considerations that play a part in determining the amount you pay for auto insurance is your address in Indiana. Areas that are more densely populated like Gary, Merrillville, and Indianapolis likely pay more, whereas areas with less congestion benefit from lower rates.

The information below illustrates the priciest cities in Indiana for drivers with bad credit to purchase auto insurance in.

Rate quotes are comparative as the specific geographic location can change premiums considerably.

Finding out which company offers the best car insurance rates for drivers with bad credit will take a tad more effort than just getting one or two price quotes. Each company uses a little different formula to set their prices, so we need to take a look at the lowest cost car insurance companies in Indiana.

It’s important to know that Indiana car insurance rates are influenced by many factors that will increase or decrease the policy premium. Simply getting older, buying a home instead of renting, or having a fender bender can cause premium changes that can cause some rates to be more affordable than competitors.

Best Cheap Insurance Rates with Bad Credit

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Travelers quotes some of the most affordable car insurance rates in Indiana at around $596 a year. Cincinnati Insurance, USAA, Erie, and The Hartford also rank well as some of the best Indiana auto insurance companies.

As the example above demonstrates, if you are currently insured with Erie and switched to Cincinnati Insurance, you could realize an annual premium reduction of approxmiately $34. Customers with The Hartford might save as much as $185 a year, and Western Reserve insureds might reduce rates by $194 a year.

Bear in mind that those estimates are averaged across all drivers and vehicles and do not take into consideration a price increase for drivers with bad credit. So the company that can offer you the lowest price may not even be shown in the list of companies shown earlier. That emphasizes why you need to get car insurance quotes using your own personal information and vehicle type.

Discount Indiana insurance

Auto insurance companies that sell the best cheap auto insurance for drivers with bad credit in Indiana may have discounts that can reduce rates by as much as 40% or more if you are eligible for them. A list of companies and some of the premium reductions they offer can be read below.

• American Family offers discounts for bundled insurance, accident-free, air bags, good student, defensive driver, and multi-vehicle.
• State Farm includes discounts for good student, student away at school, good driver, safe vehicle, and multiple policy.
• 21st Century offers premium reductions for anti-lock brakes, automatic seat belts, early bird, good student, and teen driver.
• Travelers policyholders can earn discounts including IntelliDrive, new car, home ownership, continuous insurance, driver training, multi-policy, and payment discounts.
• GEICO has savings for defensive driver, anti-lock brakes, daytime running lights, multi-policy, driver training, military active duty, and federal employee.

The example below illustrates the difference between car insurance costs with and without discounts. The data assumes a male driver, no claims, a clean driving record, Indiana state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, vehicle safety, claim-free, multiple policy, accident-free, and passive restraint discounts applied. In this example, the the amount saved on car insurance for drivers with bad credit is 28% or $446.

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Progressive, Allstate, Geico, or State Farm: Who is best?

If you want the best car insurance for people with poor credit in Indiana, four companies to consider are Progressive, Allstate, Geico, and State Farm. When combined, they insure almost 50% of all policies written. The next table illustrates some of the different features that are available from each company.