Cheap Car Insurance Quotes for 17 Year Olds in Indiana

Cheap Car Insurance Quotes for 17 Year Olds in Indiana

You’ve seen the commercials from auto insurance companies like Liberty Mutual and Farmers that make claims of big savings, so drivers just need to pick one at random, right?

It’s not that simple, unfortunately, as there are a whole bunch of unknown elements like whether you are married or single, if you are a man or woman, whether or not your vehicle has good safety ratings, and if you have any driving citations, that all impact the price you pay. In this article, we will cover the best ways to pay less and should give you a good beginning to your search for cheaper coverage.

Everyone has different tastes in autos, and the style of vehicle that needs insurance is probably the largest consideration when comparing quotes for cheap auto insurance for 17 year olds in Indiana. Vehicles with high performance engines, a lack of modern safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models. The next lists ranks auto insurance prices for a number of the most affordable automobiles to insure in Indiana.

Insurance Rates for Popular Cars in Indiana
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Malibu LT $3,546 $1,773 $296
Ford Focus SES 2-Dr Coupe $3,990 $1,995 $333
Ford Fusion S 4-Dr Sedan $3,510 $1,755 $293
Honda Accord EX 4-Dr Sedan $2,958 $1,479 $247
Hyundai Sonata GLS 4-Dr Sedan $3,766 $1,883 $314
Nissan Altima 3.5 SR 4-Dr Sedan $3,770 $1,885 $314
Toyota Camry SE $3,734 $1,867 $311
Toyota Corolla S $3,734 $1,867 $311
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Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific location information which can change coverage prices significantly.

Auto Insurance Rates for Popular SUVs and Crossovers in Indiana
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Acura RDX Technology Package AWD $3,476 $1,738 $290
BMW X5 4.8I AWD $4,068 $2,034 $339
Chevrolet Suburban LS 4WD $3,546 $1,773 $296
Chevrolet Traverse LTZ AWD $3,252 $1,626 $271
Ford Escape Limited 2WD $2,994 $1,497 $250
Ford Expedition King Ranch 4WD $3,514 $1,757 $293
Ford Explorer XLT AWD $3,288 $1,644 $274
GMC Acadia SL 2WD $3,252 $1,626 $271
GMC Terrain SLE AWD $3,216 $1,608 $268
Honda CR-V LX 2WD $2,958 $1,479 $247
Honda Pilot LX 2WD $3,288 $1,644 $274
Jeep Grand Cherokee Limited 4WD $3,770 $1,885 $314
Jeep Wrangler Sport 4WD 2-Dr $3,028 $1,514 $252
Toyota Highlander Limited 4WD $3,808 $1,904 $317
Toyota RAV4 Sport 4WD $3,510 $1,755 $293
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Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific location which can change coverage prices significantly.

Auto Insurance Rates for Popular Pickup Trucks in Indiana
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Silverado 2500HD LT Crew Cab 4WD $3,770 $1,885 $314
Chevrolet Silverado LT Crew Cab 2WD $4,026 $2,013 $336
Dodge Ram Crew Cab TRX 4WD $4,064 $2,032 $339
Ford F-150 XLT Super Cab 2WD $3,288 $1,644 $274
Ford F-250 XL Harley Turbo Diesel 4WD $4,524 $2,262 $377
Ford F-350 Super Cab Cabela Package 4WD $4,794 $2,397 $400
GMC Sierra 2500HD SLT Crew Cab 4WD $3,994 $1,997 $333
GMC Sierra SL Crew Cab 4WD $3,770 $1,885 $314
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $3,546 $1,773 $296
Toyota Tundra SR/5 Double Cab 2WD $3,766 $1,883 $314
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Above prices assume single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in specific garaging location which can revise auto insurance rates greatly.

Locating cost effective car insurance is confusing at best, and finding out which company has the lowest-priced auto insurance rates for 17 year olds will require even more work. Insurance premiums should be quite a bit greater than the average policy in Indiana, with the higher price attributed to the potential for more claims that comes with selling coverage for teen drivers, but reasonably-priced coverage may be available if you compare enough rates.

Every insurance provider uses different criteria for setting rates, so let’s rank the auto insurance companies with the overall cheapest rates in Indiana. It’s important to know that Indiana auto insurance rates are impacted by many things that may substantially change the price of your policy. This price variation is why it is critical to perform a complete rate comparison to get the most affordable car insurance rates for 17 year olds. Prices are determined by many risk factors and change substantially, so the lowest-price company the last time you compared rates may now be quite expensive.

Best Auto Insurance Prices for Teens

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Cheapest insurance companies in Indiana
Rank Company Cost Per Year
1 Travelers $602
2 USAA $667
3 Cincinnati Insurance $678
4 Erie $705
5 Western Reserve $838
6 Indiana Farmers Mutual $849
7 The Hartford $863
8 Auto-Owners $906
9 Utica National $956
10 State Farm $957
11 Nationwide $958
12 Hastings Mutual $983
13 Motorists Mutual $996
14 Safeco $1,013
15 Wolverine Mutual $1,061
16 Farmers $1,064
17 Westfield $1,072
18 GEICO $1,089
19 State Auto $1,098
20 Progressive $1,139
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Travelers quotes some of the best car insurance rates in Indiana at around $602 annually. USAA, Cincinnati Insurance, Erie, and Western Reserve also qualify as some of the cheapest Indiana auto insurance companies.

In the rate table above, if you currently have a policy with Erie and switched to Travelers, you could realize annual savings of approxmiately $103. Customers with Western Reserve could save as much as $236 a year, and Indiana Farmers Mutual customers might lower prices by up to $247 a year.

Remember that these premium estimates are averages across all drivers and vehicles in Indiana and do not take into consideration a price surcharge for 17 year olds. So the auto insurance company that has the cheapest price for you may not even be included in the company chart above. That points out the importance of why you need to get car insurance quotes using your own individual information.

Discounts on cheap auto insurance for 17 year olds in Indiana

Discounts on auto insurance for 17 year oldsInsurance providers that sell policies for 17 year olds may also provide rate discounts that can reduce rates by 40% or more if you meet the requirements. A few of the larger companies and their offered discounts are detailed below.

  • Farmers Insurance offers discounts for mature driver, multi-car, distant student, homeowner, and pay in full.
  • State Farm may include discounts for multiple policy, student away at school, Steer Clear safe driver discount, driver’s education, good student, and multiple autos.
  • Liberty Mutual may have discounts that include new graduate, newly married, new move discount, multi-policy, good student, new vehicle discount, and hybrid vehicle.
  • MetLife offers discounts including good student, defensive driver, accident-free, multi-policy, and good driver.
  • Progressive policyholders can earn discounts including online signing, homeowner, continuous coverage, good student, multi-policy, multi-vehicle, and online quote discount.

The example below compares insurance premiums with and without discounts applied to the policy rates. The premiums assume a male driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, vehicle safety, continuous coverage, paid-in-full, paperless filing, and good student discounts applied. When these discounts are applied to the policy premium, the the average yearly reduction on auto insurance for 17 year olds is 28% or $567.

Full coverage rates compared to liability only

Finding cheap auto insurance for 17 year olds in Indiana is probably important to most vehicle owners, and one good way to pay lower rates for insurance is to only buy liability coverage. The illustration below visualizes the comparison of yearly insurance costs with full coverage and liability only. The data assumes no accidents, no driving violations, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

If we average the cost for all age groups, physical damage coverage costs $1,771 per year more than just insuring for liability. Many drivers may wonder if paying for full coverage is a waste of money. There isn’t a written rule for phasing out physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

There are some situations where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not buy liability only.

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

When comparing car insurance, four companies you’ll want quotes from are Geico, Progressive, Allstate, and State Farm. The data below ranks some of the different options that may be available in your state.

Largest Car Insurance Companies Compared
Geico Progressive Allstate State Farm
Price Ranking 1st 3rd 4th 2nd
Handling of Claims 3rd 4th 1st 2nd
Customer Satisfaction 1st 3rd 2nd 4th
Discounts Offered 2nd 4th 1st 3rd
Amount of market share 11.4% 8.8% 10% 18.3%
Customer recommendation 87% 88% 86% 88%
A.M. Best rating A++ A+ A+ A++
Rate for vehicle usage No Yes Yes Yes
Mechanical breakdown insurance Yes Yes No No
Accident forgiveness coverage Yes Yes Yes No
New car replacement coverage No No Yes No
Coverage for Uber and Lyft drivers Yes Yes Yes Yes
Emergency roadside assistance Yes Yes Yes Yes
Insure in Indiana Yes Yes Yes Yes
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Who has the cheapest insurance quotes for teen drivers?

Thanks to the internet, there are a lot of ways to get affordable auto insurance quotes in Indiana, but the most frequently used methods are using an independent agent, an exlusive agent like Liberty Mutual or State Farm, or direct from companies such as Progressive or Geico.

Each way has the same basic process, but auto insurance buyers need to understand the differences in how they provide rate quotes.

Independent agencies write business for many companies and can quote your policy with each one. These types of agents are usually affiliated with several companies and can provide multiple price quotes, which can help you get a better chance of finding cheaper coverage. If they find a lower price, they simply move the coverage in-house and you do not have to find a new agent.

Exclusive agencies are only able to give rates for just one company, for example Allstate or State Farm agents. They generally cannot compare rates from other companies, so if their prices are high, they cannot shop around.

Buying from a direct company means forego the middleman (the agent) and instead buy direct either online or via phone. Buying direct may be a decent choice people who do not need complex risk management and understand what coverages, limits, and deductibles they need.

When shopping for auto insurance, which way works best to buy cheap auto insurance for 17 year olds in Indiana? It would be premature to say buying from a direct car insurance company yields the cheapest rates since there isn’t an agent involved, but unfortunately, it’s not that simple. And we’d like to say buying from an independent agent is the best way because they can quote many companies, but again, that’s not accurate. And often times, exclusive agencies have very competitive rates that are impossible to beat.

Because there is so much variation in auto insurance prices, the best method to get the lowest rate is to get quotes and compare the rates. Money-saving experts recommend you 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.