Cheap Gap Insurance in Indiana (10 Most Affordable Companies for 2024)
For those seeking cheap gap insurance in Indiana, the top companies are State Farm, Progressive, and Travelers, with monthly rates starting at just $24. These providers offer competitive pricing and valuable coverage options, making them ideal choices for affordable Indiana gap insurance.
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Brandon Frady
Licensed Insurance Producer
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
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UPDATED: Sep 17, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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17,759 reviewsCompany Facts
Min. Coverage for Gap in Indiana
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17,759 reviews
13,128 reviewsCompany Facts
Min. Coverage for Gap in Indiana
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
1,731 reviewsCompany Facts
Min. Coverage for Gap in Indiana
A.M. Best Rating
Complaint Level
Pros & Cons
1,731 reviewsThe top pick for cheap gap insurance in Indiana is State Farm, along with Progressive and Travelers, offering competitive rates and valuable coverage options.
When selecting the best Indiana gap insurance, it’s essential to consider factors like coverage limits, discounts, and customer service. Each company provides unique benefits, enabling drivers to choose the best fit for their needs, with monthly gap insurance rates starting as low as $24.
Our Top 10 Company Picks: Cheap Gap Insurance in Indiana
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $24 | B | Rideshare Drivers | State Farm |
 | #2 | $32 | A+ | Comprehensive Options | Progressive |
 | #3 | $35 | A++ | Safe Drivers | Travelers |
 | #4 | $37 | A | Personal Service | Farmers |
 | #5 | $48 | A+ | Customizable Coverage | Nationwide |
 | #6 | $63 | A+ | Infrequent Drivers | Allstate |
 | #7 | $67 | A | High-Risk Rates | Safeco |
 | #8 | $69 | A+ | AARP Benefits | The Hartford |
 | #9 | $71 | A | Discount Variety | American Family |
 | #10 | $157 | A | Bundling Discounts | Liberty Mutual |
By comparing these top companies, Indiana residents can secure affordable gap insurance and protect themselves from potential financial loss.
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- State Farm offers the best cheap gap insurance in Indiana with rates at $24/month
- Progressive and Travelers provide valuable coverage options for Indiana drivers
- Comparing quotes helps Indiana residents find cheap gap insurance coverage
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#1 – State Farm: Top Overall Pick
Pros
- Low Monthly Rates: Offers competitive monthly rates at $24 for minimum coverage for cheap gap insurance in Indiana. Get free quotes in our State Farm auto insurance review.
- Comprehensive Coverage: State Farm excels in providing comprehensive coverage options for all types of vehicles, making it a solid choice for those seeking cheap gap insurance in Indiana.
- Rideshare Coverage: Indiana drivers who work for rideshare companies like Uber and Lyft will find comprehensive gap insurance with State Farm that covers all phases.
Cons
- Limited Multi-Policy Discount: The multi-policy discount from State Farm is not as high compared to some competitors for cheap vehicle gap insurance in Indiana.
- Limited Availability: State Farm gap insurance in Indiana is only available to policyholders who finance auto loans through State Farm.
#2 – Progressive: Cheapest Comprehensive Options
Pros
- Broad Coverage Choices: Progressive is well-known for its extensive range of coverage, including options for IN gap insurance. Our complete Progressive review goes over this in more detail.
- Affordable Monthly Rates: With a low monthly rate of $32 for minimum coverage, Progressive provides access to cheap gap insurance in Indiana.
- User-Friendly Online Tools: Their website offers excellent resources for comparing quotes and managing policies, making it easier to find vehicle gap insurance in Indiana.
Cons
- Variable Customer Service: Customer service experiences can vary widely, leading to inconsistent support for those seeking cheap gap insurance in Indiana.
- Higher Rates for Some Drivers: Certain drivers, particularly those with previous claims, may face higher rates than expected when looking for cheap gap insurance in Indiana.
#3 – Travelers: Cheapest for Safe Drivers
Pros
- Excellent Safe Driver Discounts: Travelers provides up to 25% off gap insurance in Indiana for safe drivers who avoid claims and traffic violations.
- Competitive Monthly Rates: Starting at $35 for minimum coverage, Travelers rounds out the top three companies for cheap gap insurance in Indiana.
- Strong Financial Ratings: Travelers has a high A.M. Best rating of A++, ensuring reliability for those seeking cheap gap insurance in Indiana. Read our full review of Travelers insurance for more information.
Cons
- Limited Customization Options: Some policyholders may find coverage options less customizable than offered by competitors, affecting access to cheap gap insurance in Indiana.
- Potential for Higher Premiums: Indiana gap insurance rates can increase with Travelers if you have a bad driving record.
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#4 – Farmers: Best for Personal Service
Pros
- Strong Customer Support: Farmers is known for its excellent customer service, providing personalized assistance for policyholders seeking cheap gap insurance in Indiana.
- Competitive Monthly Rates: With a rate of $37 for minimum coverage, Farmers allows access to cheap vehicle gap insurance in Indiana.
- Diverse Coverage Options: Provides a variety of coverage options tailored to individuals looking for cheap gap insurance in Indiana. Look at our Farmers Insurance review to learn more.
Cons
- Higher Rates for New Drivers: New and young drivers might face higher premiums when seeking cheap gap insurance in Indiana.
- Fewer Online Tools: Indiana gap insurance companies like State Farm and Progressive have more streamlined online tools to help drivers shop for coverage.
#5 – Nationwide: Cheapest Customizable Coverage
Pros
- Flexible Policy Options: Nationwide offers highly customizable coverage options, allowing policyholders to tailor gap insurance in Indiana. Explore more add-on options in our Nationwide review.
- Affordable Monthly Rates: With rates starting at $48 for minimum coverage, it supports access to cheap gap insurance in Indiana.
- Usage-Based Options: Indiana drivers can sign up for usage-based Nationwide SmartRide or pay-as-you-go plans with Nationwide SmartMiles to get cheaper gap insurance rates.
Cons
- Poor Customer Service: Indiana drivers rank Nationwide last for customer satisfaction in the region, and it’s rated below average for gap insurance claim handling.
- Limited Availability of Discounts: Fewer discount opportunities compared to competitors might affect overall savings when looking for cheap gap insurance in Indiana.
#6 – Allstate: Cheapest for Infrequent Drivers
Pros
- Low-Mileage Discounts: Get cheaper gap insurance in Indiana with Allstate Milewise if you drive less than 12,000 miles per year. Compare savings in our Milewise review.
- Extensive Coverage Options: Allstate provides a variety of flexible insurance plans to suit different customer needs, including options for cheap gap insurance in Indiana.
- Strong Financial Stability: With a solid A.M. Best rating, Allstate ensures reliability and customer confidence for those seeking cheap Indiana gap insurance.
Cons
- Higher Average Rates: Premiums can be on the higher side compared to other companies, impacting affordability for cheap gap insurance in Indiana.
- Customer Service Variability: Experiences with customer service can vary, leading to mixed reviews among those looking for vehicle gap insurance in Indiana.
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#7 – Safeco: Cheapest High-Risk Rates
Pros
- Competitive Pricing: Safeco offers competitive pricing options for high-risk gap insurance in Indiana. Compare Safeco’s rates to other providers in our Safeco auto insurance review.
- Robust Coverage Options: Its diverse coverage options cater to various needs and preferences, including those looking for cheap gap insurance in Indiana.
- Claims Processing: Safeco is among the top ten companies for claims satisfaction, making it a reliable option for vehicle gap insurance in Indiana.
Cons
- Limited Local Agents: Fewer local agents may impact personalized service in some areas for those searching for cheap Indiana gap insurance.
- Poor Customer Satisfaction: Despite speedy claims, local Indiana drivers shopping for gap insurance rank Safeco in the bottom two for customer service and shopping experience.
#8 – The Hartford: Best for AARP Benefits
Pros
- Exclusive AARP Discounts: The Hartford provides special discounts for AARP members, helping senior drivers save money on Indiana gap insurance.
- Multi-Vehicle Savings: Indiana drivers insuring two or more vehicles can get 25% off gap insurance rates from The Hartford.
- Strong Customer Support: The Hartford is recognized for attentive customer service when it comes to buying gap insurance in Indiana. Our The Hartford Auto Insurance Review provides more details.
Cons
- Limited Availability for Non-AARP Members: Discounts and benefits may only be available to AARP members, limiting options for vehicle gap insurance in Indiana.
- Higher Premiums for Some Coverage Levels: Some policyholders might find premiums elevated based on their coverage choices, affecting access to cheap gap insurance in Indiana.
#9 – American Family: Best Discount Variety
Pros
- Diverse Discount Options: American Family provides a wide range of discounts for various customer profiles, supporting those seeking cheap gap insurance in Indiana.
- Usage-Based Savings: Get up to 30% off gap insurance in Indiana with American Family DriveMyWay usage-based insurance. Drivers get 10% discounts just for signing up.
- Strong Customer Satisfaction: High customer satisfaction ratings reflect positive policyholder experiences with cheap gap insurance in Indiana. Get full rankings in our AmFam insurance review.
Cons
- Higher Average Premiums: Premiums may be higher compared to some competitors, impacting options for cheap gap insurance in Indiana.
- Limited Customization: Customization options may be less flexible than those of other providers, which can affect the availability of cheap gap insurance in Indiana.
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#10 – Liberty Mutual: Cheapest With Bundling Discounts
Pros
- Biggest Bundling Discount: Indiana drivers can save 25% on gap insurance if they bundle home and auto policies with Liberty Mutual.
- Accident Forgiveness Program: Liberty Mutual offers an accident forgiveness add-on, protecting drivers from Indiana gap insurance increases after their first accident.
- Variety of Coverage Options: Liberty Mutual provides numerous coverage options to cater to gap insurance in Indiana. Explore your options in our Liberty Mutual review.
Cons
- Higher Cost of Coverage: Overall coverage costs may be higher than those of competitors, impacting affordability for cheap gap insurance in Indiana.
- Mixed Customer Service Reviews: Customer experiences can vary significantly, impacting overall satisfaction among those seeking cheap gap insurance in Indiana.
Indiana Gap Insurance Costs Across Different Companies
How does gap insurance work after a car is stolen? Gap coverage is an important aspect of Indiana auto insurance for those who want to protect themselves from potential financial loss if their vehicle is totaled or stolen.
The monthly rates for this type of coverage can differ widely based on the insurance provider and the level of coverage. Use this Indiana gap insurance calculator below to see how gap insurance impacts minimum and full coverage rates.
Indiana Gap Insurance Rates by Provider
| Insurance Company | Monthly Rates |
|---|---|
 | $21 |
 | $24 |
 | $12 |
 | $52 |
 | $16 |
 | $11 |
 | $22 |
 | $8 |
 | $23 |
| U.S. Average | $21 |
Minimum coverage starts as low as $24/month with State Farm and go up to $157/month with Liberty Mutual. Monthly full coverage auto insurance rates are even more varied, ranging from $71 with State Farm to $455 with Liberty Mutual.
Several factors contribute to these variations in pricing. Each insurer assesses risk differently, which impacts their pricing strategies.
Liberty Mutual’s higher costs, for instance, may reflect a broader range of coverage options or additional benefits, while more affordable options like Progressive and State Farm might appeal to those seeking basic protection at a lower cost. Compare the best Indiana auto insurance companies to learn more.
Maximizing Savings With Indiana Gap Insurance Discounts
In Indiana, finding the best gap insurance rates often involves taking advantage of discounts. These auto insurance discounts can be based on a variety of factors, including bundling policies, maintaining a clean driving record, or demonstrating customer loyalty.
For example, companies like Farmers and American Family may offer discounts if you bundle your vehicle gap insurance with other types of policies, such as homeowners coverage.
Safe driving can also lead to reduced premiums, with providers like State Farm and Progressive offering lower rates to drivers with a history of responsible driving.
State Farm offers the best gap insurance in Indiana with monthly rates starting as low as $24 for safe drivers without claims.Daniel Walker Licensed Auto Insurance Agent
Additionally, insurers like Travelers and The Hartford may provide discounts for setting up automatic payments, paying premiums in full, or being part of certain organizations. By exploring these discount options, Indiana drivers can lower their gap insurance costs while ensuring they have the necessary protection.
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Expert Guide to Comparing Indiana Gap Insurance Quotes
For Indiana residents, obtaining gap insurance quotes and comparing auto insurance rates by vehicle make and model is essential to getting cheap rates. You can visit insurance company websites like State Farm, Liberty Mutual, or Nationwide, where most providers offer online quote tools.
However, it’s much easier to use comparison websites like the one you’re on right now. These tools usually generate quotes within minutes, allowing you to compare different coverage options quickly.
Enter your ZIP code, and we can generate free Indiana auto insurance quotes from multiple companies so you can compare all your top choices at once.
Bottom Line on Safeguarding Your Finances With Indiana Gap Insurance
In summary, finding cheap gap insurance in Indiana is essential for protecting yourself against financial stress after an auto insurance claim. By comparing auto insurance quotes from various providers you can discover competitive rates and valuable gap coverage options tailored to your needs.
State Farm, Progressive, and Travelers offer the cheapest Indiana gap insurance rates to safe drivers, while Allstate and The Hartford have affordable gap coverage for low-mileage and senior drivers.
It’s crucial to consider discounts and unique benefits offered by these insurers as it can significantly impact your premiums. Find the best IN auto insurance company near you by entering your ZIP code into our free quote tool below.
Frequently Asked Questions
How much is gap insurance in Indiana?
Gap insurance is an add-on that costs between $20-$40 annually. Indiana gap insurance per month costs around $3.
Does Indiana require gap insurance?
Indiana law doesn’t require drivers to carry gap insurance. While this type of insurance coverage is an optional add-on, it can be a worthwhile addition for many drivers.
What’s the cheapest gap insurance in Indiana?
State Farm offers the best gap insurance in Indiana with monthly rates starting as low as $24, making it an affordable choice for budget-conscious drivers. Find cheap gap insurance near you with our free quote comparison tool below.
What is the most gap insurance will pay in Indiana?
When you file a total loss claim, your insurer will cover up to the vehicle’s actual cash value (ACV). Indiana gap insurance covers any auto loan or lease balance that remains. (Learn More: Can I keep my car if the insurance company totals it?)
Is vehicle gap insurance the same as auto insurance?
Gap insurance stands for guaranteed asset protection insurance. It’s an optional, add-on coverage that can help certain drivers cover the “gap” between the financed amount owed on their car and their car’s actual cash value (ACV), in the event of a covered incident where their car is declared a total loss.
How much is auto insurance in Indiana?
The average cost of full coverage auto insurance in Indiana is $126 per month or $1,511 per year. Minimum coverage is $44 per month or $533 per year.
Is Indiana auto insurance high?
In Indiana, you can expect to pay approximately $243 per month for full coverage auto insurance or $75 per month for minimum coverage. Auto insurance in Indiana is less expensive than the national average, which is around $351 per month for full coverage and about $117 per month for minimum coverage.
Is auto insurance cheaper in Indiana than in Illinois?
On average, Indiana auto insurance is cheaper than Illinois, costing around $500/month for full coverage compared to $740/month in IL. Compare Illinois auto insurance here.
What is the minimum auto insurance coverage in Indiana?
Indiana minimum auto insurance requirements are $25,000 per person and $50,000 per accident, property damage liability minimum of $25,000 per accident, and uninsured motorist bodily injury minimum of $25,000 per person and $50,000 per accident.
Is it illegal to not have auto insurance in Indiana?
Yes, you face license suspension and fines of up to $250 for driving without insurance in Indiana.
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Brandon Frady
Licensed Insurance Producer
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Producer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
