What Used Cars Are the Cheapest to Insure in Indiana?
Want to know the cheapest pre-owned vehicle to insure in Indiana? We researched insurance quotes in the state to save you the effort!
This article covers insurance basics for the state of Indiana and tips to save money on premiums. We also found the best insurance companies and answered frequently asked questions!
Indiana Cheapest Cars to Insure
We input a basic driver profile into an insurance quote generator to find the cheapest insurance rates for 45 cars from the 2021 model year. Here are the three cheapest models to insure in Indiana:
1. 2021 XC40 by Volvo
The XC40 is the cheapest vehicle to insure in Indiana. This four-door SUV costs $317 per month for full-coverage insurance, while Indiana averages $60 per month for a full-coverage policy. The XC40 is $150 per month for liability-only insurance.
The 2021 Volvo XC40 offers multiple engine options and an impressive suite of standard safety features, including blind-spot monitoring and rear parking sensors. It also features LED headlights and gets a combined 26 mpg for savings at the pump.
2. 2021 Outback by Subaru
The Outback is the second cheapest car to insure in Indiana. This four-door station wagon costs $326 per month for a full-coverage policy. The Indiana state averages of $60 per month for a full-coverage policy. A liability-only policy for the Outback costs $137 per month.
The Insurance Institute for Highway Safety (IIHS) gave the Outback its highest possible ratings for front-crash prevention and crash worthiness. It gets a combined 29 mpg.
3. 2021 CX-5 by Mazda
The 2021 Mazda CX-5 is the third cheapest vehicle to insure in Indiana. This four-door SUV costs $330 per month to insure with a full-coverage policy, while the state averages at $60 per month for a full-coverage policy. The CX-5 costs $152 per month for liability-only coverage.
With standard safety features including lane-departure prevention and alert, blind-spot detection, and daytime running headlights, the CX-5 offers a great value. Its turbocharged engine option can generate up to 250 horsepower, but it still gets a combined 28 mpg.
The 45 Cheapest Used Vehicles to Insure in Indiana
We collected policy estimates for 45 vehicles on the Insurance Institute for Highway Safety (IIHS) 2021 Top Safety Pick+ list. We ranked all 45 cars by their full-coverage policy costs in ascending order. We also provided liability-only quotes for comparison.
| Year | Make | Model | Full Coverage | Liability Only |
| 2021 | Volvo | XC40 | $317 | $150 |
| 2021 | Subaru | Outback | $326 | $137 |
| 2021 | Mazda | CX-5 | $330 | $152 |
| 2021 | Mazda | CX-30 | $333 | $150 |
| 2021 | Mazda | CX-3 | $338 | $163 |
| 2021 | Subaru | Forester | $343 | $133 |
| 2022 | Hyundai | Tucson | $343 | $150 |
| 2021 | Ford | Bronco Sport | $345 | $136 |
| 2021 | Chevrolet | Trailblazer | $351 | $150 |
| 2022 | Hyundai | Santa Fe | $352 | $166 |
| 2021 | Acura | RDX | $354 | $156 |
| 2021 | Subaru | Legacy | $355 | $147 |
| 2021 | Mazda | CX-9 | $361 | $146 |
| 2021 | Honda | Insight | $365 | $164 |
| 2022 | Honda | Civic | $370 | $147 |
| 2021 | Toyota | Camry | $375 | $147 |
| 2021 | Subaru | Ascent | $376 | $163 |
| 2021 | Nissan | Murano | $383 | $161 |
| 2021 | Honda | Accord | $384 | $147 |
| 2021 | Mazda | 3 | $385 | $164 |
| 2021 | Toyota | Highlander | $387 | $163 |
| 2021 | Audi | Q5 | $414 | $136 |
| 2021 | Nissan | Altima | $421 | $162 |
| 2021 | Volkswagen | ID.4 | $427 | $143 |
| 2022 | Mitsubishi | Outlander | $440 | $185 |
| 2021 | Acura | TLX | $442 | $188 |
| 2021 | Kia | K5 | $446 | $165 |
| 2021 | Volvo | V60 | $447 | $182 |
| 2021 | Volvo | S60 | $456 | $157 |
| 2021 | Cadillac | XT6 | $457 | $176 |
| 2021 | Genesis | G70 | $477 | $193 |
| 2021 | Audi | A6 | $484 | $164 |
| 2021 | Genesis | GV80 | $494 | $169 |
| 2022 | Genesis | G70 | $496 | $193 |
| 2021 | Volvo | S90 | $498 | $150 |
| 2022 | Kia | Stinger | $500 | $180 |
| 2021 | Lexus | ES 350 | $524 | $161 |
| 2021 | Nissan | Maxima | $536 | $181 |
| 2022 | Lexus | ES 350 | $547 | $160 |
| 2021 | Volvo | V90 | $564 | $146 |
| 2021 | Audi | A6 allroad | $578 | $155 |
| 2021 | Audi | A7 | $591 | $163 |
| 2021 | Genesis | G80 | $618 | $175 |
| 2021 | Tesla | Model 3 | $628 | $167 |
| 2021 | Genesis | G90 | $674 | $161 |
Full Coverage vs. Liability Insurance Costs
Liability-only insurance is cheaper because it only covers the cost of repairs to another driver’s car caused by an at-fault accident and does not cover repairs or medical bills for you.
Below is a table of the average annual costs of full-coverage and liability-only policies in the state of Indiana:
|
Full-coverage policy |
Liability-only policy |
| $725 |
$409 |
The Best Indiana Car Insurance Companies
The three best automobile insurance companies in Indiana are State Farm, Progressive, and Allstate Corp.
We accessed EverQuote to compare companies with more than 2% of the market share in the state. We removed duplicate company listings in the data.
Companies with lower Market-Share-to-Complaint Ratios indicate fewer complaints and happier claimants. You can see all of the rankings below.
|
Insurance Company |
Market Share | Percent of Total Complaints | Complaint Index |
| State Farm. | 22.22 | N/A | 0.40 |
| Progressive | 12.18 | N/A | 0.86 |
| Allstate Corp. | 7.7 | N/A | 4.07 |
| Indiana Farm Bureau | 7.27 | N/A | N/A |
| Berkshire Hathaway Inc./Geico | 6.64 | N/A | 1.14 |
| Liberty Mutual | 5.07 | N/A | 11.56 |
| American Family Insurance | 4.73 | N/A | 0.40 |
| Erie Insurance | 3.94 | N/A | 0.24 |
| Auto-Owners Insurance | 2.76 | N/A | 0.30 |
| USAA | 2.76 | N/A | 1.35 |
| Indiana Farmers Mutual Insurance Co. | 2.18 | N/A | 0.0 |
| Nationwide | 2.13 | N/A | 0.86 |
Complaint index numbers are national data from the National Association of Insurance Commissioners (NAIC).
Tips to Lower Insurance Premiums in Indiana
Drivers in Indiana can follow these tips to maximize discounts and minimize insurance premiums:
- Shop for lenders
- Keep your credit score high
- Bundle insurance policies
- Take a defensive driving class
- Minimize how many miles you drive
- Maintain a clean driving record
Research Methodology
We input an in-state address into an insurance quote generator to find the cheapest insurance rates for used vehicles with high safety ratings. We also used the following basic driver profile below to get insurance data for the 45 vehicles listed above.
Basic Driver Profile
- 35-year-old male with a bachelor’s degree
- Single and employed full time
- Homeowner but did not bundle policies
- Owns the vehicle rather than leases or finances it
- Has been with the current insurance carrier for five or more years
We used vehicles on the IIHS 2021 Top Safety Pick+ 2021 list. The IIHS is an independent, nonprofit organization that collects safety data for cars on the market.
We used the following limits for liability-only quotes:
- $100,000/$300,000 liability limits
- $100,000 property damage limits
- $10,000 personal injury protection
For the full-coverage quotes, we included the following coverages with the liability selections:
- $1,000 deductible on collision coverage
- $1,000 deductible for comprehensive coverage
- $50/$1,500 rental reimbursement
- $100 roadside assistance
Frequently Asked Questions
What is the cheapest SUV to insure in Indiana?
The 2021 Volvo XC40 is the cheapest SUV to insure in Indiana. A full-coverage policy will only cost you $317 a month.
Are older cars cheaper to insure?
In general, older cars are cheaper to insure. Cars depreciate (decrease in value) over time, and the older the car, the more it depreciates. This reduces the amount an insurance company would pay to replace the vehicle in an accident.
How much liability insurance is required in Indiana?
Indiana requires drivers to carry minimum liability insurance coverage of $25,000 bodily injury per person, $50,000 bodily injury per accident, and $25,000 for property damage.
Insurance rates for liability coverage vary by the driver’s age, marital status, driving record, credit score, and zip code.
What is the penalty for driving without insurance in Indiana?
The penalties for drivers caught without insurance in Indiana include the possibility of being unable to drive for a year, per the Indiana Bureau of Motor Vehicles. First offenders face a $250 reinstatement fee, driver’s license suspension of at least 90 days, and an SR-22 certificate for 180 days.
For a second offense there is a $500 reinstatement fee and your driver’s license will be suspended for one year, with the possibility of having your registration suspended for one year. You’ll also have to have an SR-22 certificate for three years.
After your third or subsequent offense, you’ll face a $1,000 reinstatement fee with your driver’s license suspended for one year and maybe your registration as well. In addition, you’ll have to have an SR-22 certificate for five years.
What is the basic insurance for a car?
Liability-only coverage is the basic insurance for a car. This insurance covers the cost of property damage to the other driver in an at-fault accident. Lenders may require drivers to purchase full-coverage insurance, including comprehensive and collision coverage.
What car has the highest insurance rates?
Luxury, rare, and high-performance cars often get higher insurance rate quotes, due to their more expensive replacement costs. Shop lenders to find the cheapest car insurance if you have any of the abovementioned vehicles.
References
- (2019.) Largest Auto Insurance Companies in Indiana. EverQuote. Retrieved April 17, 2023, from https://www.everquote.com/blog/car-insurance/largest-companies-indiana/
- (2023.) Consumer Insurance Search Results. National Association of Insurance Commissioners. Retrieved April 17, 2023, from https://content.naic.org/cis_refined_results.htm
- (2023.) 2021 Auto Complaint Index. Indiana Department of Insurance. Retrieved April 17, 2023, from https://www.in.gov/idoi/files/2021Auto.pdf and https://www.in.gov/idoi/consumer-services/complaint-index/company-complaint-index/
- (2023.) How Much Is Car Insurance in Indiana? (2023 Averages). MoneyGeek. Retrieved April 17, 2023, from https://www.moneygeek.com/insurance/auto/average-cost-car-insurance-indiana/
- (2023.) Why Insurance Rates Are Cheaper with Older Vehicles. Carvana 360. Retrieved April 17, 2023, from https://blog.carvana.com/2021/11/why-insurance-rates-are-cheaper-with-older-vehicles/
- (2023.) Auto Insurance. Indiana Department of Insurance. Retrieved April 17, 2023, from https://www.in.gov/idoi/consumer-services/types-of-insurance/auto-insurance/
- (2023.) SR-22 Insurance in Indiana: What Is It? How Much Does It Cost? ValuePenguin. Retrieved April 17, 2023, from https://www.valuepenguin.com/car-insurance/sr-22-indiana
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
