Lawrence, IN Auto Insurance Rates, Quotes, Agents & Reviews

Zimlon, through its research, found that car owners in Lawrence, IN, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.

Ways to Lower the Cost of Auto Insurance in Lawrence, IN

The average cost of auto insurance in Lawrence, IN, is $1,207. This is higher than in most neighboring places such as Fishers, Washington, and Warren. It is lower than the cost of auto insurance in Delaware and Cumberland. Residents of Lawrence should compare multiple auto insurance quotes and reviews before deciding on the one that best suits their needs. Here are some ways to increase savings in Lawrence.

Anti-Theft Device:

Equipping one’s vehicle with an anti-theft device can go a long way in helping car owners lower the cost of auto insurance. The above table indicates that savings from anti-theft devices can amount up to $84, with a passive disabling device fetching the most amount of savings.

Credit Score:

Having an “excellent” or “good” credit score will help car owners save on auto insurance in Lawrence, IN. As the table above indicates, the cost of auto insurance for a driver whose credit score is “exceptional” is as low as $1,036. This can go up to $1,969 if this score is “poor”.

Multi-Car Insurance:

Car owners in Lawrence, IN, can save more by insuring their vehicles with the same auto insurance company. Insurers offer discounts on multi-car insurance policies. Bundling is another way of increasing your savings. Car owners can insure their life, auto, and home insurance with the same insurer in order to get added benefits.

The cost of insuring two cars under a multi-car insurance policy in Lawrence, IN, is $2,052, while it would cost $4,104 for four cars. The savings on multi-car insurance in Lawrence also depends on the make and model of the vehicle.

Driving Record:

Most car insurance companies offer substantial discounts to drivers with a clean driving record. GEICO offers a 26% discount to drivers with a spotless driving record for five years. On the other hand, State Farm offers discounts when a driver goes three or more years with an accident-free record. With the advent of modern technology in the car insurance industry, Usage-Based Insurance (UBI) is increasingly being used to personalize car insurance. UBI works through both plugin devices and mobile apps. It keeps track of various factors in one’s car, making insurance rates more personalized.  

The cost of auto insurance in Lawrence, IN, post-DUI, increases to $1,868. However, this also depends on the driver’s age. Moreover, the cost of auto insurance post-DUI for teenagers is much higher. Safe and responsible drivers will find it easier to lower the cost of auto insurance in Lawrence. Other violations that can have a long-term impact on auto insurance in Lawrence include driving with an expired license and running a red light. The former leads to an increase of $814, while the latter leads to an increase of $281.

Hybrids and Electric Vehicles:

Zimlon found that Farmers and Travelers are among the few companies that offer discounts on alternative-fuel vehicles. Hybrids and Electric Vehicles are considered environmentally friendly thanks to lower emission rates. For such vehicles, Farmers offers car owners discounts of up to 5% in some states.

Deductibles:

Paying a higher deductible will also help car owners lower the cost of insurance. For instance, the yearly premium in Lawrence on a low deductible ($500) is $2,358. It decreases to $1,991 when the deductible is higher ($1,000).

Factors that can influence the cost of car insurance in Lawrence, IN are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.

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Lawrence, IN Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top

The following table compares the cost of insurance in Lawrence, IN with that of other cities in and around Lawrence.

	Lawrence	Fishers	Delaware	Washington	Warren	Cumberland
Average Insurance Rates	$1,207	$1,002	$1,600	$1,100	$1,165	$1,210

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Lawrence, IN Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top

The following table makes a comparison of the variation in car insurance rates in and around Lawrence, IN based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.

Location	Low Deductible ($500)	High Deductible ($1000)
Lawrence	$2,358	$1,991
McCordsville	$2,631	$2,222
Delaware	$1,539	$1,300
Fishers	$1,075	$908
Warren Park	$1,484	$1,254
Washington	$1,038	$877
Warren	$1,319	$1,114
Cumberland	$1,246	$1,053

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Lawrence, IN Auto Insurance Rates Based on the Age of the Driver | Back to Top

Teenagers in Lawrence, IN usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.

Age of Driver	Insurance Cost
Teens	$3,917
20 Years	$1,551
30 Years	$1,195
40 Years	$1,149
50 Years	$1,064
60 Years	$1,079
70 Years	$1,256

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Lawrence, IN Car Insurance Discounts for Multi-Car Insurance | Back to Top

Car owners in Lawrence, IN can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:

Number of Cars	Auto Insurance Cost	Total Savings
2 Vehicles	$2,052	$362
3 Vehicles	$3,078	$543
4 Vehicles	$4,104	$724

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Lawrence, IN Post- DUI Auto Insurance Rates | Back to Top

Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Lawrence, IN.

Location	Average Insurance Cost	Post DUI Insurance Rate
Lawrence	$1,207	$1,868
McCordsville	$1,626	$2,516
Delaware	$1,600	$2,476
Fishers	$1,002	$1,550
Warren Park	$1,182	$1,829
Washington	$1,100	$1,702
Warren	$1,165	$1,803
Cumberland	$1,210	$1,872

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Lawrence, IN Auto Insurance Rates Based on Credit Score | Back to Top

Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.

Credit Score	Insurance Cost
Exceptional (800-850)	$1,036
Excellent (740-799)	$1,182
Good (670-739)	$1,258
Average (580-669)	$1,641
Poor (300-579)	$1,969

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Lawrence, IN Auto Insurance Rates can Increase Based on Driving Violations | Back to Top

Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.

Driving Violation	Cost Increase	Total Insurance Cost
Driving Without Headlights	+$53	$1,260
Driver's Failure In Showing Documents	+$117	$1,324
Driving With An Expired Registration	+$124	$1,331
Driving At A Considerably Slow Pace	+$262	$1,469
Using A Cellphone While Driving	+$276	$1,483
Running A Red Light	+$281	$1,488
Speeding	+$296	$1,503
Driving A Vehicle Without The Required Permission	+$375	$1,582
Driving With An Expired/Suspended License	+$814	$2,021

Lawrence, IN Auto Insurance Rates Based on Anti-Theft Feature | Back to Top

Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.

Anti Theft Feature	Insurance Cost
Audible Alarm	$1,159
Active Disabling Device	$1,159
Tracking Device	$1,135
Passive Disabling Device	$1,123

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Latest Auto Insurance Reviews in Lawrence, IN | Back to Top