Indiana Car Insurance Cost for 2023

How much does car insurance cost in Indiana? We find the cheapest cars to insure in Indiana plus break down the average cost of insurance for popular vehicles.

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What is average car insurance cost in Indiana?

Average car insurance rates in Indiana cost $1,318 per year, or around $110 per month. When compared to the national average rate, Indiana car insurance cost is 21.8% less per year.

Some of the more popular vehicles and their average insurance rates include the Jeep Grand Cherokee at an average of $1,400 per year, the Ford Explorer at $1,122, the Mazda CX-5 at $1,034, the Chevrolet Equinox at $1,184, and the Ford Escape at $1,208 per year.

Luxury models like the Lexus NX 300, the Volvo S60, and the Lexus GX 460 cost an average of $1,246, $1,404, and $1,336 per year, respectively, for full-coverage car insurance in Indiana.

For larger SUVs and pickups, average rates on the most popular models include the Ford F-150 at an average cost of $1,284 per year, the Chevrolet Silverado 1500 at $1,384 per year, the Ram 1500 at $1,380 per year, the Chevrolet Suburban at $1,250 per year, and the Chevrolet Tahoe at $1,180 per year.

The chart below shows the cost of car insurance in Indiana averaged across all models for the 2023 model year.

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Chart Data Details: Chart shows average Indiana car insurance rates for 2023 model year vehicles with safe driver and claim-free discounts applied. Full-coverage rates are averaged for all Indiana zip codes.Data last updated on December 30, 2022
Average Car Insurance Cost in Indiana
Average Car Insurance Cost in Indiana
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,220$185
$500$2,620$218
$250$3,044$254
30$1,000$1,162$97
$500$1,388$116
$250$1,620$135
40$1,000$1,112$93
$500$1,318$110
$250$1,534$128
50$1,000$1,014$85
$500$1,198$100
$250$1,392$116
60$1,000$994$83
$500$1,176$98
$250$1,366$114

Average rates in the chart above range from $994 per year for a 60-year-old driver with $1,000 deductibles to $3,044 per year for a 20-year-old driver with $250 deductibles. The overall average rate we use for comparison purposes is a 40-year-old driver with $500 deductibles which has an average cost of $1,318 per year.

As a monthly cost, car insurance quotes in Indiana range from $83 to $254 for the same risk profiles and driver ages shown in the previous chart.

Car insurance cost is dependent on many factors, and the list below shows some situations where rates may deviate from the average cost.

  • Having an at-fault accident could trigger a rate increase of up to $540 each year, depending on the company.
  • The type of vehicle you are insuring makes a big difference in the cost of insurance. For example, insuring a Toyota Tacoma instead of a Chevy Silverado 2500HD can save $240 or more per year on auto insurance.
  • Avoiding serious traffic violations is the best way to get cheap rates, as getting a DUI or other serious conviction can raise rates by $1,210 or more per year.
  • Even small traffic violations can result in significant increases in car insurance cost. Just one speeding ticket could increase the annual cost of car insurance in Indiana by $344, depending on the company and the vehicle insured.
  • Qualifying for as many discounts as possible is a great way to find cheaper car insurance. Discounts like safe driver, claim-free, multi-vehicle, multi-policy, and customer loyalty could save as much as $412 per year.

How does Indiana car insurance cost compare?

When compared to surrounding states, average Indiana car insurance quotes are 7.2% more expensive than Ohio, 30.2% cheaper than Kentucky, 45.4% cheaper than Michigan, 4.6% more expensive than Wisconsin, and 14.7% cheaper than Illinois.

The chart below shows how average car insurance cost in Indiana compares to other Midwest states. Indiana ranks fourth in the Midwest. Out of all 50 states, Indiana ranks 11th for cheapest auto insurance rates.

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Indiana Car Insurance Cost Compared to Midwest Region
Average Car Insurance Cost in Indiana Compared to Midwest Region
Midwest Region States Average Insurance Cost Annual Difference
Iowa$1,180-$138
Ohio$1,230-$88
Wisconsin$1,260-$58
Indiana$1,318--
North Dakota$1,462$144
Nebraska$1,474$156
Minnesota$1,512$194
Illinois$1,546$228
Kansas$1,738$420
South Dakota$1,812$494
Missouri$1,990$672
Michigan$2,414$1,096

When compared to states in other parts of the country, the average cost of car insurance in Indiana is 19.5% cheaper than Texas, 38.2% cheaper than California, 35.5% cheaper than New York, 24.1% more expensive than Maine, and 19.8% more expensive than North Carolina.

Here’s an example using dollar figures instead of percentages to illustrate how Indiana car insurance compares to other Midwest states.

We will use a 2023 Chevrolet Silverado as the rated vehicles for this example, which in Indiana costs $1,438 per year to insure on average. When compared to other states in the Midwest region, car insurance in Indiana is:

  • $740 per year cheaper than insuring the same vehicle in Missouri ($2,178)
  • $216 per year cheaper than in Minnesota ($1,654)
  • $150 per year more expensive than in Iowa ($1,288)
  • $462 per year cheaper than in Kansas ($1,900)
  • $174 per year cheaper than in Nebraska ($1,612)

What are the cheapest cars to insure in Indiana?

When comparing all types of vehicles, the models with the most affordable car insurance quotes in Indiana tend to be small SUVs like the Chevrolet Trailblazer, Subaru Crosstrek, and Buick Envision.

Average insurance prices for those crossover SUVs cost $1,052 or less per year for a policy with full coverage.

Additional vehicles that rank in the top 20 in our cost comparison are the Honda CR-V, Honda HR-V, Hyundai Kona, and Chevrolet Colorado.

The average insurance cost is a little bit more for those models than the cheapest compact SUVs and crossovers at the top of the list, but they still have an average insurance cost of $1,116 or less per year ($93 per month) in Indiana.

For luxury cars, lower-cost insurance rates in Indiana can be found on models like the Acura Integra at $1,182 per year, the BMW 330i at $1,336 per year, and the Acura TLX at $1,356 per year.

The next table ranks the top 50 vehicles from the 2023 model year with the cheapest car insurance in Indiana.

Top 50 Cheapest Car Insurance Rates in Indiana
Rank Make/Model Annual Cost Monthly Cost
1Chevrolet Trailblazer$994$83
2Subaru Crosstrek$1,006$84
3Nissan Kicks$1,008$84
4Honda Passport$1,022$85
5Nissan Rogue Sport$1,026$86
6Mazda CX-5$1,034$86
7Buick Encore$1,048$87
8Buick Envision$1,052$88
9Kia Seltos$1,066$89
10Subaru Ascent$1,072$89
11Hyundai Venue$1,074$90
12Subaru Impreza$1,090$91
13Ford Maverick$1,094$91
14Honda HR-V$1,094$91
15Acura RDX$1,098$92
16Chevrolet Colorado$1,098$92
17Hyundai Kona$1,104$92
18Subaru Forester$1,112$93
19Ford Edge$1,116$93
20Honda CR-V$1,116$93
21Mazda CX-30$1,120$93
22Ford Explorer$1,122$94
23Volkswagen Atlas$1,124$94
24Chevrolet Trax$1,130$94
25Nissan Murano$1,130$94
26Subaru Outback$1,132$94
27Nissan Frontier$1,138$95
28Volkswagen Tiguan$1,142$95
29Ford Bronco Sport$1,146$96
30Fiat 500X$1,166$97
31Ford Ranger$1,168$97
32GMC Terrain$1,170$98
33Kia Soul$1,172$98
34Mitsubishi Eclipse Cross$1,172$98
35Volkswagen Atlas Cross Sport$1,174$98
36Lexus RX 350$1,178$98
37Acura Integra$1,182$99
38Chevrolet Equinox$1,184$99
39Toyota Corolla Cross$1,186$99
40Cadillac XT4$1,188$99
41GMC Canyon$1,194$100
42Volkswagen Taos$1,194$100
43Toyota Venza$1,198$100
44Mazda CX-50$1,200$100
45Honda Odyssey$1,202$100
46Volkswagen Jetta$1,202$100
47Toyota Tacoma$1,204$100
48Hyundai Tucson$1,206$101
49Kia Sorento$1,206$101
50Ford Escape$1,208$101

    Get Rates in Your AreaWhy is this important?

    Table Data Details: Average car insurance rate for each model assumes a 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to premiums. Full coverage physical damage deductibles are $500 and rates are averaged for all Zip Codes in Indiana.Data last updated on December 30, 2022
    Top 50 Cheapest Car Insurance Rates in Indiana

    Cheapest car insurance by vehicle segment

    The previous table ranking the top 50 cheapest vehicles to insure in Indiana tends to show a lot of compact and mid-size cars and SUVs, which by nature are the most affordable segments for car insurance.

    The list below shows the vehicle model with the cheapest average insurance rate in each segment. Some models are shown in the prior top 50 rankings, but most are not.

    Many of the most popular vehicles sold in Indiana do not have the cheapest insurance rates. For this reason, the next chart takes the average car insurance cost for 25 of the most popular models and sorts them by cost.

    Get Rates in Your AreaWhy is this important?

    Chart Data Details: Average Indiana car insurance cost is based on 2023 model year vehicles with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged for all Indiana Zip Codes.Data last updated on December 30, 2022
    Indiana Car Insurance Rates for Popular Vehicles
    Indiana Car Insurance Rates for Popular Vehicles
    Make/Model Annual Rate Monthly Rate
    Subaru Crosstrek$1,006$84
    Mazda CX-5$1,034$86
    Honda CR-V$1,116$93
    Toyota Tacoma$1,204$100
    Ford Escape$1,208$101
    Nissan Rogue$1,212$101
    Toyota RAV4$1,220$102
    Nissan Sentra$1,222$102
    Toyota Corolla$1,236$103
    Toyota Camry$1,254$105
    Chevrolet Traverse$1,256$105
    Kia Forte$1,292$108
    Honda Accord$1,332$111
    Ford F150$1,338$112
    Hyundai Santa Fe$1,350$113
    Ford Mustang$1,428$119
    Chevrolet Silverado$1,438$120
    GMC Sierra$1,438$120
    Ram Truck$1,440$120
    Jeep Wrangler$1,460$122

    Average rates in Indiana cities

    Average annual and monthly car insurance rates are listed below for some of the larger cities in the state of Indiana. Click any city to view detailed insurance rate information, including cost comparisons and the cheapest vehicles to insure in each city.