Auto insurance rates for Indiana drivers are among the very lowest in the nation. The average annual premium for auto insurance in Indiana for 2011 is $984, which is far lower than the average of $1440.

Annual Changes

The past two years have seen substantial reductions in average auto insurance premiums for Indiana drivers. Compared to the beginning of 2010, the premium at the beginning of 2011 is 21% lower, and this follows a 28% drop between 2010 and 2009. Each auto insurance company that operates in Indiana sets its own rates; there is no state or industry fixing of rates. As it is not possible to predict whether the sharp downward trend in auto insurance coverage premiums in Indiana will continue, it is very important for drivers who want to get the best possible rates to use this site for monitoring prices and obtaining multiple quotes.

Seasonal Changes

Between February and September of 2010, average premiums in Indiana fell from $1480 to $828, with the sharpest drops having taken place between May and September. In the fall and winter, premiums rose gradually toward the January 2011 level of $984. It is clear from this pattern that rates in Indiana can be very unpredictable so that constant monitoring of prices and checking for quotes is the best way to get the lowest prices.

Insurance Requirements

Minimum insurance requirements for the state of Indiana call for personal liability coverage of $25,000 per person/$50,000 limit per accident and a $10,000 property damage liability limit. However, according to the tort system which is in force in Indiana, one party must be judged responsible for any accident and it is that party which is then held liable for the entire cost of the accident. Higher limits are therefore recommended to protect assets in the event of a lawsuit. Coverage to protect against damage caused by an uninsured or under-insured driver is available in Indiana and is highly recommended.

Advice for Getting the Best Deals

Major national and regional insurers offer various policies and rates to Indiana drivers. Since each company uses different criteria to determine their premiums for each driver, it is not possible to determine which companies offer the lowest rates. Experts recommend obtaining multiple quotes from reliable insurance companies which are rated A or higher by A. M. Best, and it is also advised to check the J. D. Power ratings for consumer service related information.

Using our site to monitor rates and periodically obtain new quotes is the best way to get the lowest rates for car insurance in Indiana.