For drivers in Fishers, one of the big factors that aid in calculating insurance cost is where you keep your vehicle in Fishers. More populated areas will most likely pay more, whereas more rural areas benefit from lower coverage costs.
The following table lists the highest-priced areas in Indiana to buy car insurance in. Fishers makes the list at #22 with a yearly cost of $954 for coverage, which is around $80 per month.
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Prices are estimated as the garaging address in Fishers can modify premiums considerably.
Considering where Fishers ranks price-wise, finding reasonably-priced auto insurance is difficult, and deciding which companies have the cheapest auto insurance rates in Fishers calls for a little more work.
Every insurance provider has a unique approach for determining rates, so we'll take a look at the overall cheapest auto insurance companies in Indiana.
Find the Best Cheap Insurance in Fishers
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$849|
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Travelers quotes some of the lowest car insurance rates in Fishers at around $614 per year. This is $626 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also rank well as some of the cheapest Fishers, IN auto insurance companies.
As illustrated above, if you have coverage with Erie and switched to Travelers, you might realize a yearly savings of roughly $119. Drivers with Western Reserve might save as much as $232 a year, and Indiana Farmers Mutual policyholders might reduce rates by $235 a year.
To find out how your current rates compare, click here to start a quote or quote prices from the following companies.
These policy rates are averages across all types of drivers and the different vehicles they drive and and are not figured with a specific vehicle garaging location in Fishers. So the insurer that has the cheapest price for you may not even be in the list above. That affirms the importance of why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
Why you should be shopping around
Fishers auto insurance rates are impacted by many factors which can substantially change your annual premium. Getting older, becoming a homeowner, or having a fender bender can trigger changes in premium resulting in some companies being more affordable than before.
Not only that, but insurers file new Indiana auto insurance rates every year or even multiple times each year in order to offset underwriting gains or losses. An extended period of higher than normal claims can result in rate hikes, while profitable underwriting can produce more affordable Fishers car insurance rates.
To help illustrate this point, the data below shows the company with the cheapest car insurance in Fishers, IN for a 45-year-old female driver with a clean driving record, no accidents, and a decent credit rating. If we estimate rates based on her current situation, Travelers may have the lowest car insurance rates in Fishers at $633 annually. This is $607 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are the remaining top five cheapest Fishers, IN auto insurance companies.
The chart below compares rates after we give the driver from the first rate comparison an at-fault accident, a lower credit rating, and a couple of points charged on her driving record. Due to the fact that each insurance company has a different formula to determing premium rates, comparing insurance quotes may now show a completely different list of companies as shown below.
The Hartford now has the lowest price on auto insurance in Fishers, IN with Cincinnati Insurance, Auto-Owners, USAA, and Nationwide completing the list. This shows why it is crucial to shop around with many companies to get the most budget-friendly car insurance rates in Fishers. Car insurance prices can be altered by many different factors and can decrease or increase without notice, so the most affordable company three years ago may now be one of the higher cost companies.
The vehicle model that is being insured is one of the primary factors that determines whether or not you find the cheapest car insurance in Fishers. Vehicles with high performance, poor crash test ratings, or a high likelihood of having liability claims will cost substantially more to insure than more economical and safe models.
The next list presents car insurance rates for some of the most economical automobiles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$855|
|Volkswagen Jetta S 2.5 Station Wagon||$909|
|Ford Escape XLS 2WD||$913|
|Honda Accord LX-P 4-Dr Sedan||$921|
|Chevrolet Impala LS||$973|
|Ford Edge Limited 2WD||$982|
|Toyota RAV4 Sport 4WD||$991|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,002|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,010|
|Dodge Grand Caravan CV||$1,022|
|Honda Odyssey EX-L W/Navigation||$1,045|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,054|
|Nissan Rogue S AWD||$1,061|
|Ford Explorer XLT 2WD||$1,066|
|Toyota Camry LE||$1,082|
|Honda Civic DX 4-Dr Sedan||$1,092|
|Chevrolet Malibu LT||$1,103|
|Toyota Camry Hybrid||$1,134|
|Kia Optima EX||$1,141|
|Chevrolet Silverado Crew Cab Hybrid 4WD||$1,136|
|Toyota Tacoma X-Runner 2WD||$1,142|
|Hyundai Sonata GLS 4-Dr Sedan||$1,158|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in specific Fishers, IN garaging location which can increase or decrease insurance rates significantly.
Based upon the table data, you can presume that cars like the Honda CR-V, Volkswagen Jetta, and Ford Escape are the most budget-friendly vehicles to insure for drivers in Fishers.
How to get discounts on Fishers car insurance rates
Car insurance companies that sell policies in Fishers may also give you price discounts that could lower prices by 30% or more if you meet the requirements. Companies and a partial list of their discounts are included below.
- GEICO offers premium reductions for membership and employees, anti-theft, driver training, defensive driver, good student, five-year accident-free, and multi-policy.
- Travelers includes discounts for multi-car, new car, payment discounts, IntelliDrive, hybrid/electric vehicle, and good student.
- Nationwide has discounts for defensive driving, accident-free, business or organization, family plan, and anti-theft.
- Farmers Insurance policyholders can earn discounts including pay in full, alternative fuel, distant student, youthful driver, teen driver, and multi-car.
- Esurance may include discounts for online shopper, anti-lock brakes, claim free, defensive driver, anti-theft, multi-policy, and emergency road assistance.
- State Farm offers discounts for passive restraint, defensive driving training, anti-theft, multiple autos, student away at school, good driver, and Drive Safe & Save.
- Progressive may have discounts that include continuous coverage, good student, online quote discount, multi-policy, homeowner, and multi-vehicle.
- Mercury Insurance may offer discounts for location of vehicle, age of vehicle, professional/association, multi-policy, annual mileage, and ease of repair.
The diagram below visualizes the comparison of car insurance costs with and without discounts. The data is based on a female driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with homeowner, multiple policy, claim-free, anti-theft, accident-free, and safe-driver discounts applied. When taking advantage of discounts, the the average amount saved on insurance in Fishers is 28% or $312.
Bad driving habits will cost you more
A great way to snag low insurance rates in Indiana for drivers in Fishers is to drive carefully and have a clean driving record. The information below highlights how traffic violations and fender-benders can impact premium costs for each age group. The price estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,389. Add in one speeding ticket and the average cost swells to $1,611, an increase of $223 each year. Then include two accidents along with the one speeding ticket and the annual cost of insurance in Fishers goes up to an average of $3,439. That's an increase of $2,050, or $171 per month, just for not being more responsible behind the wheel!