Comparing rates for low-cost auto insurance is difficult, and finding out which company has the best auto insurance rates in Columbus will take additional perseverance. Each insurance company has a proprietary method for setting rates, so we'll take a look at the most budget-friendly auto insurance companies in Columbus, IN.
|Rank||Company||Cost Per Year|
|7||Indiana Farmers Mutual||$875|
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Travelers offers some of the cheapest car insurance rates in Columbus at around $596 per year. Cincinnati Insurance, USAA, Erie, and The Hartford also qualify as some of the cheaper Columbus, IN car insurance companies.
As the example above demonstrates, if you currently have a policy with USAA and switched to Travelers, you might achieve annual savings of around $85. Drivers with Erie may save as much as $116 a year, and The Hartford policyholders might lower prices by up to $267 a year.
Bear in mind that those policy rates are averages across all ages of drivers and types of vehicles and and are not calculated with an exact vehicle garaging location in Columbus. So the auto insurance company that fits you best may not even be in the top 36 companies in the list above. That affirms the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.
For drivers in Columbus, one of the big components that help determine the annual cost of car insurance is where you live in Columbus. Areas with increased crime or more people will most likely have higher rates, whereas less populated areas tend to receive slightly lower rates.
The following table rates the highest-priced places in Indiana to purchase a policy in. Columbus comes in at #21 with an annual cost of $946 for the average policy, which is around $79 each month.
|Rank||City||Premium Per Year|
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Premium costs are approximated as zip code location can raise or lower coverage rates considerably.
The vehicle you are insuring is one of the biggest factors when shopping around for cheap auto insurance in Columbus. Vehicles with lots of speed or power, a lack of safety features, or a history of substantial liability claims will cost significantly more to insure than safer models.
The list below outlines coverage costs for the most budget-friendly vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$878|
|Jeep Wrangler Sport 4WD 2-Dr||$912|
|Ford Focus SEL 4-Dr Sedan||$1,073|
|Ford Escape Limited 4WD||$1,088|
|Honda Odyssey EX-L||$1,092|
|Hyundai Elantra SE 4-Dr Sedan||$1,102|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,092|
|Chevrolet Equinox LTZ 2WD||$1,117|
|Ford F-150 Lariat King Ranch 2WD||$1,112|
|Honda Accord EX 2-Dr Coupe||$1,167|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,175|
|Jeep Grand Cherokee Laredo 2WD||$1,188|
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in specific garaging location which can affect premiums substantially.
Based on these rates, you can conclude that models like the Honda CR-V, Jeep Wrangler, Ford Focus, Ford Escape, and Honda Odyssey are likely to be the more affordable vehicles to insure for drivers in Columbus.
Careless Columbus drivers pay higher rates
A great way to earn cheap insurance rates for drivers in Columbus is to drive safely and not have accidents or get tickets. The chart below shows how speeding tickets and at-fault collisions influence auto insurance costs for different insured age categories. The premiums are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
The data in the chart shows the average cost of car insurance in Indiana per year with a clean driving record and no accidents is $1,797. Get two speeding tickets and the average cost hikes up to $2,388, an increase of $591 each year. Then throw in one accident along with the two speeding tickets and the annual cost of insurance in Columbus increases to an average of $2,982. That's an increase of $1,185, or $99 per month, just for being a little careless behind the wheel!
You may be paying too much for car insurance
Columbus insurance rates are determined by lots of factors that will increase or decrease your annual premium. Improving your credit rating, buying a new vehicle, or getting caught speeding may cause policy rate changes resulting in some companies being more affordable than competitors.
Not only may your situation change, but insurers amend pricing every year or even multiple times each year in order to be able to pay unexpected claims. Significantly higher losses can cause rate hikes, while a better loss history can cause lower-priced Columbus car insurance rates.
To illustrate this point, the chart below shows the company with the cheapest car insurance in Columbus, IN for a 40-year-old male driver with no accidents, a clean driving record, and a high credit rating. When comparing rates based on his current situation, Travelers may offer the most affordable car insurance rates in Columbus at $633 annually. This is $607 less than the average policy premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are the remaining cheapest Columbus, IN auto insurance companies.
Now we will pretend the driver in the first example an accident claim, a little lower credit rating, and a speeding ticket. Since each auto insurer has their own formula for determining prices, comparing rates may result in a different ranking of the cheapest companies as shown below.
The Hartford now has the lowest price on auto insurance in Columbus, IN with Auto-Owners, Cincinnati Insurance, Motorists Mutual, and State Farm now rounding out the top five. This illustrates why it is critical to spend some time comparing rates to find the best insurance quotes in Columbus.
Insurance prices are made up of many things and can change substantially, so the most affordable company the last time you compared rates may now be quite expensive.
How to find economical insurance in Columbus
It is possible to find better rates, and here are many money-saving suggestions that can help you get more affordable car insurance.
- Buy your auto and home insurance from the same company and save
- Safer vehicles cost less to insure
- Remove physical damage coverage on older vehicles
- Violations and traffic tickets increase rates
- Maintain a safe distance and avoid accidents
- Try to remain claim-free
- Compare price quotes at least once a year
The last tip is particularly crucial, as we discussed in the prior article. Coverage rates can change significantly in a year, so you should be ready to switch carriers if you can find a cheaper rate. Many consumers stick with the same company and that's fine, but is isn't recommended if it's costing you a lot of money every month. In just a few minutes you could shop around to find cheaper insurance in Columbus.