How Much Does Auto Insurance Cost for Retired Military in Indiana?

The words “economical” and “auto insurance” really shouldn’t be used in the same sentence, specifically when searching for the best coverage prices for retired military. In an attempt to save some money, let’s take a look at a few of the things that impact insurance prices, and find out if you can cut the cost of your next policy.

The make and model of vehicle you are buying coverage for is one of the primary factors when comparison shopping for cheap car insurance for retired military in Indiana. Vehicles with limited speed and performance, modern passenger safety features, or low incidents of liability claims will cost quite a bit less to insure than high performance models.

The information below estimates coverage prices for the cheapest vehicles to buy insurance for.

Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in vehicle garaging location which can impact premium rates noticeably.

Based upon the table data, models like the Honda CR-V, Chevrolet Traverse, Ford F-150, Ford Escape, and Honda Accord are most likely to be the most economical vehicles to insure for veterans.

Finding decent, affordable insurance is not easy, and figuring out which companies offer the cheapest insurance rates for retired military will require even more perseverance. Every auto insurer uses a different method for setting rates, so let’s rank the insurance companies with the overall cheapest rates in Indiana.

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Travelers generally has some of the lowest car insurance rates in Indiana at around $602 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve are also some of the lowest-priced Indiana auto insurance companies.

As the rates illustrate above, if you are a customer of Erie and switched to Cincinnati Insurance, you could see annual savings of approxmiately $69. Insureds with Western Reserve might save as much as $174 a year, and The Hartford customers might realize rate reductions of up to $191 a year.

It’s important to note that these premiums are averages for all types of insureds and vehicles and and are not calculated with a rate decrease for retired military. So the auto insurance company that fits you best may not even be shown in the list of companies above. That points out the importance of why you need to get rate quotes from many companies using your own personal information and vehicle type.

Ending up with a highly-rated insurance company can be rather challenging considering how many different insurance companies sell coverage in Indiana. The company ratings shown next can help you pick which companies to look at buying from. The ratings below are only made up of companies who write in the majority of U.S. states, so smaller regional companies will not be included in the list.

Top 10 Major Car Insurance Companies Overall in Indiana

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

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

When buying car insurance for veterans, four companies you’ll want quotes from are Progressive, State Farm, Allstate, and Geico. If you add them together, they insure over 45% of all car insurance policies written. The table below compares ratings for price, service, and claims, in additional to some of the optional coverages that policyholders can buy.