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Car insurance rates in Indiana are projected to increase more sharply by the end of 2025 if tariffs remain in place, a new report reveals.
According to insurance-comparison platform Insurify, the average annual cost of full-coverage car insurance for Hoosiers could rise by 5.9% between June and December with tariffs continuing.
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This increase is slightly below the nationwide average, where rates could jump 7% in the same period, compared to a 4% rise without tariffs.
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Tariffs contribute to higher insurance premiums by increasing the cost of imported auto parts required for repairs.
However, other factors such as inflation, accident frequency, and claims related to extreme weather also play significant roles in driving up rates.
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