Cheapest car insurance companies in Bloomington
Geico and Auto-Owners have the cheapest car insurance premiums for Bloomington drivers in 2023, based on a data study by Insurance.com.
In Bloomington, Geico provides the cheapest auto insurance rates to drivers at an average annual premium of $886 annually.
In Bloomington, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrier. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| USAA | $804 |
| Geico | $886 |
| Auto-Owners | $1,144 |
| Travelers | $1,197 |
| Nationwide | $1,309 |
| Progressive | $1,452 |
| Indiana Farmers | $1,568 |
| State Farm | $1,581 |
| Farmers | $1,909 |
| Allstate | $2,201 |
| Indiana Farm Bureau Grp | $2,284 |
Cheapest car insurance cost in Bloomington by Age Group
USAA offers the cheapest full coverage car insurance for teenage drivers in Bloomington, with an average annual cost of $2,240 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts.
However, teen drivers who maintain good grades or stay on their parent's policy can qualify for significant insurance discounts.
USAA is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Bloomington at about $1,226 per year.
An analysis of car insurance rates for Bloomington drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $816 per year.
With an average annual premium of $820, Geico offers Bloomington's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| USAA | $2,240 | $1,226 | $816 | $865 |
| Indiana Farmers | $3,049 | $2,304 | $1,590 | $1,605 |
| Auto-Owners | $3,391 | $1,949 | $1,155 | $1,181 |
| Geico | $3,398 | $1,352 | $888 | $820 |
| Travelers | $4,053 | $1,931 | $1,224 | $1,230 |
| Progressive | $4,554 | $2,479 | $1,468 | $1,518 |
| State Farm | $4,773 | $2,717 | $1,594 | $1,531 |
| Nationwide | $4,855 | $2,272 | $1,295 | $1,199 |
| Allstate | $5,526 | $3,256 | $2,257 | $2,157 |
| Indiana Farm Bureau Grp | $6,680 | $4,004 | $2,160 | $2,111 |
| Farmers | $7,976 | $3,207 | $1,812 | $1,899 |
Cheapest car insurance companies in Bloomington by driver profile
Your driving profile plays an important role in determining your car insurance rates in Bloomington. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
Finding the cheapest car insurance in Bloomington requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
Here's a list of car insurance companies that offer cheap insurance rates in Bloomington based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: USAA
- Cheapest for DUI: USAA
Cheapest for a driver with poor credit: Geico
Drivers in Bloomington with poor credit can get the cheapest car insurance from Geico at an average cost of $897 a year, according to a data study by Insurance.com.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| Geico | $897 |
| Nationwide | $1,256 |
| USAA | $1,476 |
| Travelers | $1,752 |
| Farmers | $2,134 |
| State Farm | $2,408 |
| Progressive | $2,438 |
| Allstate | $3,018 |
Cheapest for drivers with a speeding ticket: USAA
USAA offers the cheapest auto insurance rates for drivers with a speeding ticket in Bloomington. It provides full coverage car insurance for drivers aged 30 at about $977 per year.
Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors.
Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price.
| Company | Average annual premium |
|---|---|
| USAA | $977 |
| State Farm | $1,070 |
| Geico | $1,357 |
| Travelers | $1,577 |
| Nationwide | $1,586 |
| Farmers | $1,931 |
| Progressive | $2,425 |
| Allstate | $2,875 |
Cheapest auto insurance after an at-fault accident: USAA
If you've had an accident, USAA might be your best bet for affordable auto insurance.
For Bloomington drivers with an at-fault accident, USAA offers the cheapest average annual rate at $1,262. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| USAA | $1,262 |
| State Farm | $1,392 |
| Geico | $1,597 |
| Travelers | $1,617 |
| Nationwide | $1,790 |
| Farmers | $2,339 |
| Progressive | $3,193 |
| Allstate | $3,869 |
Cheapest auto insurance after a DUI: USAA
Among the carriers analyzed, USAA offers the cheapest auto insurance premiums for drivers with a DUI in Bloomington. On average, its annual full coverage rate is $1,239, making it a significantly cheaper option than other insurance providers.
If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers.
| Company | Average annual rates |
|---|---|
| USAA | $1,239 |
| Geico | $1,706 |
| State Farm | $1,757 |
| Travelers | $1,967 |
| Progressive | $2,501 |
| Farmers | $2,510 |
| Nationwide | $2,529 |
| Allstate | $3,349 |
Average car insurance cost in Bloomington
On average, Bloomington drivers pay $1,485 annually, or $124 monthly, for full coverage car insurance policies with a coverage level of 100/300/100. Conversely, the average annual cost of state minimum coverage in Bloomington is $431.
Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $1,485 | $431 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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