Cheapest car insurance in Palmyra, Indiana (Oct 2023)

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R.E. Fulton
Expert Insurance Writer and Editor
Reviewed by Josh Damico, Vice President Insurance Operations
Edited by Lina Zhang, Licensed Insurance Agent, VP of Operations

How to find the cheapest car insurance in Palmyra

On average, auto insurance in Palmyra costs about $148 per month for minimum coverage liability insurance and about $148 per month for full coverage insurance. Palmyra drivers pay 22% less than the average.  
Prudent drivers in Palmyra visit Jerry every month because Jerry makes it easy for customers to
compare and buy car insurance policies
. Below, we’ll cover some of the cheapest car insurance quotes Jerry found for Palmyra drivers. 
Quote DateInsurance CompanyPremium (monthly)CustomerCarInsurance Coverage
September 14, 2023
Louisa, 24
Zip: 47164
Subaru XV Crosstrek 2.0 Limited
• State Minimum Liability
coverageLast Updated Oct 3, 2023

How'd we get this data?

Real Insurance Agents
Jerry is one of the largest insurance agencies licensed in your state and has a team of 100+ licensed insurance agents dedicated to helping customers (7 days a week customer support).
Real Insurance Quotes
Jerry Insurance Agency works with 50+ insurance companies as their appointed broker. We are licensed in all 50 states (NPN: 18788611). Our evaluations are not influenced by insurance companies.
Real Insurance Companies
We spent over 200 hours analyzing data from 25 million+ real insurance quotes in the last year, to provide you with up-to-date insurance information.

Best Car Insurance Companies in Palmyra

There is no single best car insurance company for everyone. The most important reason is that every customer gets different
car insurance quotes
based on their profile—meaning that the most affordable company is different for everyone. Besides price, you also need to consider factors such as claims handling and customer service. 
To help drivers better compare the cheapest car insurance companies, Jerry conducted the largest insurance survey in the nation—and what we found surprised us. A universal “best” car insurance company doesn’t exist.
State Farm
is the most popular insurance provider in the country. But our survey shows that customers in Indiana favor insurers like Assurance America, National General, and
—all of which earned an overall rating of 5/5.
The table below shows how drivers in Palmyra rate different companies on a scale of 0 to 5.
Insurance CompanyOverall RatingPriceClaims ExperienceCustomer Service
National General

How'd we get these scores?

Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.

Best cheap car insurance quotes in Palmyra

Drivers in Indiana are legally required to carry minimum liability insurance to ensure financial responsibility while behind the wheel. It is the minimal amount of car insurance you need to have in Palmyra and gives you the cheapest rate. 
According to the Indiana Bureau of Motor Vehicles (BMV), you’ll need to provide proof of this insurance to avoid penalties—but opting for
full-coverage insurance
offers a broader range of protections.  

Cheap minimum liability insurance quotes in Palmyra

To hit the road legally, Palmyra drivers need to meet Indiana minimum coverage limits for
bodily injury liability
property damage liability
Indiana minimum liability coverage includes $25,000 in bodily injury liability per person, $50,000 per accident, and $25,000 for damage to property. 
These coverages are commonly referred to as 25/50/25 coverage. With this basic liability coverage, you’ll be covered up to the policy’s limits if you cause injuries or property damage while driving. 
Here are some examples of Palmyra car owners that Jerry recently helped obtain minimum liability coverage. 
Louisa (24 years old)
State Minimum
locationPalmyra, IN (Zip Code: 47164)
per month

Do you need more than minimum coverage in Palmyra?

Most drivers in Palmyra would do well to consider purchasing higher liability coverage than the state minimum of 25/50/25. 
If you’re in an at-fault accident, these minimums may not be enough to cover vehicle repairs and medical bills—and this is particularly true if the accident results in severe injuries to another person or if the car is totaled. 
And keep in mind:
Indiana's car accident laws
allow drivers to file bodily injury and property damage lawsuits for up to two years after a car accident—so your liability extends long past the initial accident! 
The bottom line: For better financial protection, you should consider 50/100/50 or 100/300/100 liability coverage—even if you choose not to have full coverage on your car. 

Cheap full coverage car insurance quotes in Palmyra

If you want to safeguard your finances from steep accident expenses, you want
full-coverage car insurance
. Repairing or replacing your vehicle can cost thousands of dollars, but it doesn’t have to come out of your wallet if you have adequate coverage.
Full coverage includes comprehensive and collision coverage. 
  • Comprehensive coverage
    pays for damages to your car caused by perils other than collision or upset—including losses such as theft, fire, windstorm, or glass breakage
  • Collision coverage
    pays for damages to your car resulting from a collision or rollover.
Drivers can choose to enhance their insurance protection by purchasing additional coverages for an extra premium. Popular insurance add-ons in Montana include: 
The table below shows some recent examples of cheapest Palmyra full coverage quotes that Jerry’s agents helped our customers obtain.
Insurance CoverageInsurance CompanyPremium (monthly)CustomerCar
• State Minimum Liability
• Comp / Collision
Willie, 24
Zip: 47164
Subaru XV Crosstrek 2.0 Limited
coverageLast Updated Sep 27, 2023
The easiest and fastest way to find the cheapest car insurance for your preferred coverage option is to compare car insurance rates online.
Jerry offers a free app that compares car insurance quotes and provides end-to-end service to customers with the help of 100+ licensed insurance agents.
rating reverse-full
"Jerry is the new benchmark in app usefulness. Period. It is SO EASY and the results are SO GOOD, and they specifically point out that no one is going to start calling and emailing me all the time. I gave very little info, it pulled up all my existing insurance info, and showed me how to get the same insurance for less, lesser coverage for huge savings, or better coverage for about the same I currently pay. I am personally saving around $1,400/year with my new insurance, and the entire process (including follow ups to sign the docs from the insurance companies) took less than an hour. If you make over $1,400/hour, this may not be worth your time. Otherwise, get the app and use it now!"
Sean S.
Lower my car insurance too!

Average cost of car insurance in Palmyra

Based on our experience in assisting thousands of insurance customers in the Hoosier state, we’ve learned that the average cost of minimum liability coverage in Palmyra amounts to approximately $148 per month or $1,770 per year. The average price for full coverage insurance in Palmyra is $148 per month or $1,770 per year. 
While the national average can give you an idea of potential insurance costs, individual insurance premiums are influenced by many factors—the type of vehicle, driving history, claims record, demographic information, and more. 

Car insurance quotes in Palmyra by rating factors 

Insurance companies in Palmyra use many rating factors when
calculating your auto insurance premium
  • Driving record and claims history: If your
    Indiana driving record
    has a history of accidents or tickets, insurance companies are likely to charge higher premiums.
  • Location: Rates may be higher if you reside in a city versus a rural area, and can also vary between ZIP codes within the same city.
  • Vehicle type: Luxury, high-performance, and sports cars typically have higher insurance costs for collision and comprehensive coverage.
  • Usage: Insurance companies often charge higher premiums if you use your car for commuting to and from work compared to using it solely for leisure purposes.
  • Credit score: If you have a high credit rating you’ll generally pay less for insurance—and your creditworthiness typically affords you lower starting quotes. 

How Do Different Factors Impact Your Car Insurance Costs in Palmyra?

Allowed (with applicable limitations): Gender, age, driving experience, credit history, education, occupation, employment status, marital status, zip code, insurance history
Prohibited (or effectively prohibited): Palmyra currently does not disallow any common insurance rating factors when calculating insurance premiums.
Learn more about the car insurance rating factors in Palmyra:

Cheap car insurance quotes in Palmyra after driving violations

Insurance companies consider driving violations an indication of increased risk—and as a result, a history of moving violations means higher insurance premiums.
Your rate will increase based on the severity of the violation and the number of points accumulated on your
Indiana driving record

Cheapest car insurance in Palmyra after an at-fault accident

Your accident and claims history play a significant role in determining auto insurance rates for Palmyra drivers since they give insurance companies an idea of your level of risk as a policyholder. 
Indiana is an at-fault state
, so a recent at-fault accident can lead to a substantial increase in your coverage premiums come policy renewal. 
Jerry has helped many Palmyra drivers save on car insurance after accidents.

Cheapest car insurance in Palmyra after other driving violations

Apart from speeding tickets and DUIs, other violations can increase car insurance costs in Palmyra.
Common moving violations include speeding,
reckless driving
, and driving with a suspended license. Explore how Jerry has helped policyholders with violations on their driving records lower their monthly premiums.

Cheap car insurance quotes in Palmyra by age

Generally, young drivers pay higher car insurance premiums compared to older and more experienced drivers because they’re more likely to be involved in accidents and engage in risky driving behaviors. By the age of 25, insurance rates tend to decrease. 
On the other end of the age spectrum, older drivers may also experience higher insurance costs. Certain age-related factors—such as declining vision or slower reaction times—can increase the likelihood of an accident and result in greater risk for the insurer.
Ultimately, car insurance rates are the result of many factors—age is just one of them. Drivers young and old should shop around to find cost-effective coverage suited to their needs.

Cheapest car insurance in Palmyra for young drivers

In Palmyra,
teen drivers
between the ages of 16 and 19 typically face the highest insurance rates compared to other age groups.
Full coverage is typically the best option for teen drivers as it offers comprehensive financial protection—especially for teens who own and drive newer cars.
The General
Edward (24 years old)
State Minimum
locationPalmyra, IN (Zip Code: 47164)
per month

Cheap car insurance quotes in Palmyra based on insurance history

Insurance history plays a significant role in determining your car insurance rates—particularly whether you maintain continuous coverage. 
When you have a coverage gap, insurance companies consider you a higher risk. An insurance coverage lapse will result in higher rates.
Payment reminders from Jerry help customers stay on track with insurance payments and prevent lapses in coverage. By proactively reminding you of upcoming payments or notifying you if you’re late, Jerry ensures timely and continuous coverage.
Jerry can help uninsured and lapsed-coverage customers discover savings with new policies.
Ina (24 years old)
Currently Insured
State Minimum
locationPalmyra, IN (Zip Code: 47164)
per month
Anne (24 years old)
Currently Insured
State Minimum
locationPalmyra, IN (Zip Code: 47164)
per month
Chase (24 years old)
Currently Insured
State Minimum
locationPalmyra, IN (Zip Code: 47164)
per month
Loretta (24 years old)
Currently Insured
State Minimum
locationPalmyra, IN (Zip Code: 47164)
per month
Ryan (24 years old)
Currently Insured
State Minimum
locationPalmyra, IN (Zip Code: 47164)
per month

How to lower car insurance costs in Palmyra

1. Shop around and compare quotes

Different insurance companies use different rules to set your premium, and those rules are constantly changing! To make sure you always have the most affordable car insurance, experts recommend comparing quotes from at least three companies and shopping for new rates every six months. 
Jerry makes this tedious process simple! In just 45 seconds, Jerry can collect quotes from a pool of 55+ top insurance providers to help you identify the best auto insurance coverage at the best price. Better yet—Jerry provides this service for free!

 2. Hunt for car insurance discounts

Every insurance company offers
a set of discounts
, but the exact discount offered varies by company. Some common discounts include: 
  • Good driver discounts. Many providers offer discounts for drivers who avoid accidents and traffic violations for a specified period of time.
  • Telematics discounts. Many companies offer easy-to-win discounts to drivers who use telematics to track their driving habits. You might even get a discount just for signing up!
  • Good student discounts. Are you a full-time student in either high school or college? Do you have a B average or better? You probably qualify for a discount from your insurance company.

3. Increase your deductible for comprehensive and collision coverage

If you’ve got full coverage car insurance, increasing your deductible is an easy way to keep your monthly expenses low without sacrificing coverage.

Why is car insurance in Palmyra so expensive?

  • Frequent and severe accidents resulting in claims, especially in densely populated cities
  • High concentration of uninsured drivers
  • Severe weather conditions and natural disasters, including earthquakes, flooding, and winter storms
  • Inflation, leading to higher costs across the board—especially for medical care


People living in Palmyra pay on average $148 per month – or $1,770 per year – on state-minimum liability coverage. Full coverage in Palmyra costs on average $148 per month of $1,770 per year. 
With car insurance though, there’s no such thing as average. It is important to know that car insurance varies greatly based on a driver’s individual situation. Shopping around for car insurance quotes is the best way to get an accurate idea of how much you can expect to pay on insurance. Luckily, Jerry is here to take the hassle out of insurance shopping! At the click of a button, Jerry will help you compare personalized quotes from top insurance providers. Best of all, it’s 100% free. 
The state-minimum car insurance in Palmyra, Indiana is as follows:
  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident
  • $25,000 property damage liability per accident
These minimum liability coverage limits are commonly expressed as 25/50/25.
Based on thousands of Palmyra drivers Jerry has worked with, car insurance in Palmyra costs an average of $148 per month for state-minimum coverage and $148 per month for full coverage.
No single insurance company has the cheapest insurance for everyone, but by shopping for insurance quotes, you can find the cheapest insurance company for you. Jerry takes the hard work and the waiting out of insurance shopping – generating you quotes with the best coverage and best prices in seconds, 100% free. Try Jerry Today!  
Shopping for the best coverage at the best price is important, but customer service may play a role in what insurance company you pick, too. Madison Mutual, ROOT, and Travelers receive good ratings from Palmyra drivers, based on the largest car insurance survey in the nation conducted by Jerry.
Learn more about how fellow car owners rate various insurance companies and get free quotes in seconds with Jerry.


The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions. 
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months). 
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.  
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings. 
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.

Meet our Experts

R.E. Fulton
Expert Insurance Writer and Editor
R.E. Fulton is an expert insurance writer specializing in car ownership topics from car shopping and loan advice to insurance and repair guides. R.E.’s mission is to create unique and accessible content that helps readers to become more successful and independent car owners. R.E. has written and edited over 900 high-performing articles for Jerry, with an average of 1 million+ views.
As a senior writer on Jerry’s editorial team, R.E. draws on over 10 years of experience as a professional writer and digital publishing specialist. Prior to joining Jerry’s editorial team in 2021, R.E. worked as a writing coach at Columbia University, the Rochester Institute of Technology (RIT), and the University of Rochester. They serve as a managing editor for peer-reviewed history publication Nursing Clio, where their work has appeared regularly since 2015.
Lina Zhang
Licensed Insurance Agent
Licensed in 50 states and Washington DC
Lina Zhang is Vice President of Operations at Jerry. She helped to found Jerry in order to take the confusion and mystery expenses out of car ownership and help drivers achieve financial success. Leading a global team responsible for operations, talent acquisition, legal, and content, Lina has been a key contributor to the AllCar™ app’s 10x growth in its first year of operation. Prior to Jerry, Lina and her Jerry co-founders, Art Agrawal and Musawir Shah, created YourMechanic, the largest on-demand car repair services provider. In one year, Lina built and scaled YourMechanic operations from just five markets to more than 50. The trio left YourMechanic to incubate Jerry at Y Combinator in 2017. Lina’s previous roles include intellectual property attorney at Morrison & Foerster LLP and a biomedical researcher at Stanford University.
Josh Damico
Head Of Insurance Operations
18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities.  He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.