Who Has Cheap Auto Insurance for Homeowners in Indiana?

Deciding which companies quote the cheapest auto insurance rates for homeowners involves more work in order to find coverage that fits your buget. Each auto insurance company has their own unique process for establishing rates, so let’s rank the auto insurance companies with the overall cheapest rates in Indiana.

It’s a good idea to know that Indiana auto insurance rates are influenced by many factors which can substantially change the cost of having a policy. Simply having a birthday, buying higher coverage limits, or getting a few speeding tickets may cause policy rate changes that may make certain companies more affordable than the competition.

Best Car Insurance Prices for Homeowners

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Travelers may have some of the most affordable car insurance rates in Indiana at around $602 each year. Cincinnati Insurance, USAA, Erie, and Western Reserve also qualify as some of the cheaper Indiana insurance companies.

As the rates illustrate above, if you have coverage with Erie and switched to Travelers, you could realize a yearly savings of roughly $124. Insureds with Western Reserve could save as much as $236 a year, and Indiana Farmers Mutual insureds might cut rates by $239 a year.

To get a fast rate comparison, click here to get a free quote or feel free to get quotes from the companies below.

Bear in mind that those premiums are averages for all types of drivers and the different vehicles they drive and are not factoring in a rate discount for homeowners. So the car insurance company that can offer the best rates for your situation may not even be included in the list of companies shown earlier. That point stresses why you need to get quotes using your own individual information.

The type of vehicle to be insured is probably the largest consideration when looking for cheap car insurance for homeowners in Indiana. Vehicles with limited speed and performance, advanced safety features, or a positive history of liability claims will cost significantly less to insure than fast, unsafe models. The next table presents auto insurance premiums for the cheaper vehicles to buy coverage for.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in vehicle garaging location which can alter coverage prices greatly.

Based upon these rates, makes and models like the Honda CR-V, Ford Escape, Honda Accord, Chevrolet Traverse, and Toyota RAV4 are most likely to be some of the most economical vehicles to insure for people who own their homes.

For people who own their homes, one of the big things that car insurance companies use to determine the amount you pay for auto insurance is where you keep your car. Areas with more people like Gary, Portage, and Lawrence will most likely have higher rates, whereas areas with less congestion have the enjoyment of a little cheaper coverage.

The table below shows the highest-priced areas in Indiana for homeowners to buy car insurance in.

Rates are approximated as specific Indiana garaging address can alter coverage prices significantly.

Impact of careless driving on auto insurance rates

A great way to receive cheap auto insurance prices in Indiana for people who own their homes is to be a good driver and avoid accidents and traffic citations. The information below illustrates how violations and at-fault claims can raise annual premium costs for each age group. The price estimates are based on a single female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

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In the chart above, the average cost of a car insurance policy in Indiana per year with no violations or accidents is $2,082. Add in two speeding tickets and the average cost increases to $2,803, an increase of $722 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of auto insurance for homeowners goes up to an average of $5,345. That’s an increase of $3,263, or $272 per month, just for not being attentive to the road!