Best Cheap Car Insurance Quotes for Veterans in Indiana

You have surely seen all the catchy advertisements from auto insurance companies like State Farm and Progressive that make claims of huge savings, so drivers just need to pick one randomly, right?

Unfortunately, it’s just not that easy, as there are a ton of unknown elements like whether you are a new or experienced driver, the annual mileage you drive, if you are a renter or homeowner, and the area where you live, that all impact the price you pay. We will attempt to cover these types of topics and should give you a jump start in finding the best auto insurance in Indiana.

Figuring out which company offers the cheapest auto insurance rates for veterans requires a little more effort in order to find a policy that fits your budget. Every auto insurer uses different criteria to set their prices, so let’s take a look at the auto insurance companies with the overall best prices in Indiana.

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Travelers normally has some of the cheapest car insurance rates in Indiana at around $602 each year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also make the list of some of the cheapest Indiana auto insurance companies.

As shown above, if you buy coverage from Erie and switched to Travelers, you might achieve savings of upwards of $110. Indiana drivers with Western Reserve could save as much as $244 a year, and The Hartford insureds might see rate reductions of $261 a year.

These premium estimates are averages for all types of drivers and the different vehicles they drive and do not factor in a rate decrease for veterans. So the auto insurance company that fits you best may not even be included in the rate chart shown above. That illustrates why you need to compare rates from multiple companies using your own specific driver and vehicle information.

We all have different tastes in cars, and the vehicle requiring coverage is a large factor when trying to find the best cheap car insurance for veterans in Indiana. Vehicles with high performance engines, a lack of modern safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models.

The data below features car insurance costs for a selection of the most economical automobiles to insure in Indiana.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Prices do not factor in specific location which can alter insurance rates substantially.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rates do not factor in specific zip code location which can lower or raise premiums noticeably.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Prices do not factor in Indiana location which can revise coverage rates substantially.

Get discounts on Indiana car insurance rates

Insurance companies that offer the best cheap car insurance for veterans in Indiana may have premium discounts that can reduce rates by as much as 30% if you qualify. The best auto insurance companies and some of the premium reductions they offer can be read below.

• GEICO offers discounts including driver training, emergency military deployment, air bags, anti-lock brakes, anti-theft, and federal employee.
• Mercury Insurance may include discounts for location of vehicle, good student, anti-theft, type of vehicle, annual mileage, and low natural disaster claims.
• Farmers Insurance offers premium reductions for switch companies, teen driver, distant student, bundle discounts, and business and professional.
• Auto-Owners Insurance includes discounts for safe driver, anti-theft, good student, student away at school, safe vehicle, and teen driver.
• Liberty Mutual may offer discounts for new graduate, hybrid vehicle, exclusive group savings, teen driver discount, new vehicle discount, and multi-car.
• SAFECO may have discounts that include bundle discounts, multi-car, teen safe driver, drive less, and anti-lock brakes.
• Progressive has discounts for multi-vehicle, good student, online quote discount, continuous coverage, homeowner, online signing, and multi-policy.
• USAA discounts include loyalty savings, good student, defensive driver, safe driver, multi-policy, and military installation.

The chart below illustrates the comparison of yearly insurance costs with and without policy discounts. The costs are based on a female driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with claim-free, multiple policy, accident-free, safe-driver, passive restraint, and multiple vehicle discounts applied. When discounts are applied, the average savings per year on auto insurance for veterans is 28% or $520.

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The illustration below shows how choosing a deductible can impact insurance prices when researching cheap insurance for veterans. The price estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

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In the chart above, a 50-year-old driver could reduce rates by $232 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $348 by selecting a $1,000 deductible. Even younger insureds, like the age 20 example, could roll back prices as much as $566 or more just by choosing higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it will be necessary to have enough savings to pay the extra out-of-pocket expense that is associated with using high deductibles.

State Farm, Geico, Progressive, and Allstate compared

When comparing rates for auto insurance, four of the best places to start are State Farm, Geico, Progressive, and Allstate. Each company has different features and discounts that may influence which company you choose. The table below ranks ratings for price, service, and claims, in additional to some of the optional coverages that may be available in Indiana.