Deciphering which company offers the best auto insurance rates in Fort Wayne will involve a bit more effort than just quoting one company's rates.
Every insurance company has a unique approach to set their prices, so we'll take a look at the most budget-friendly auto insurance companies in Indiana.
|Rank||Company||Cost Per Year|
|7||Indiana Farmers Mutual||$875|
|Quote Your Rates Go|
Travelers may have some of the lowest car insurance rates in Fort Wayne at around $596 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also make the list of some of the lowest-priced Fort Wayne, IN car insurance companies.
In the above example, if you are a policyholder with Erie and switched to Cincinnati Insurance, you could realize an annual premium reduction of roughly $34. Insureds with Western Reserve could save as much as $160 a year, and The Hartford policyholders might see rate reductions of $185 a year.
If you would like to find cheaper car insurance rates, click here to get quotes or quote prices from the following companies.
Remember that these prices are averaged for all types of insureds and vehicles and do not take into consideration an exact location in Fort Wayne. So the car insurance company that has the lowest price for you may not even be in the top 36 companies shown above. That's why you need to get rate quotes using your own personalized driver profile and vehicle information.
One of the more important criteria that are looked at to determine the amount you pay for auto insurance is where you choose to live. Areas with more people or more claims tend to pay slightly more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The following table rates the priciest cities in Indiana to buy an auto insurance policy in. Fort Wayne comes in at #17 having an annual price of $956 for the average policy, which is about $80 per month.
|Compare Rates Now Go|
Price information shown is comparative as the vehicle garaging location can raise or lower premiums considerably.
Can you find cheaper Fort Wayne car insurance?
Indiana auto insurance rates are determined by lots of factors that control the price you have to pay for coverage. Simply having a birthday, buying a different vehicle, or getting a driving violation can cause premium changes that can now make some companies more affordable than the competition. Not only that, but auto insurance companies change premium rates as often as every quarter to ensure their profitability. Higher than normal claims may cause price increases, while lower claim levels can result in more affordable Fort Wayne car insurance rates.
The bar chart below shows which company has the cheapest car insurance in Fort Wayne, IN for a 45-year-old male driver with no prior accidents, a clean driving record, and a decent credit rating. Based on his personal profile, Travelers quotes the most affordable car insurance rates in Fort Wayne at $645 annually. This is $595 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve round out the rest of the most affordable Fort Wayne, IN auto insurance companies.
The example below compares rates after we give the driver from the first example an at-fault accident, slightly worse credit, and a few blemishes on his driving record. Because every insurance company has a unique approach for setting prices, comparing insurance quotes may now result in a completely different list of affordable companies as shown below.
The Hartford now has the lowest price in Fort Wayne, IN with Auto-Owners, Cincinnati Insurance, USAA, and State Farm now rounding out the top five. This example proves why it is so important to compare many different companies when trying to find the most budget-friendly auto insurance quotes in Fort Wayne. Car insurance prices are impacted by many things and can change without notice, so the best option when you last compared rates may now be priced much higher than other options.
The vehicle requiring insurance is a large consideration that determines if you can find affordable car insurance in Fort Wayne. Vehicles with lots of speed or power, poor passenger safety features, or a high likelihood of having liability claims will cost substantially more to insure than more modest models.
The list below features insurance premiums for the most affordable automobiles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$840|
|Honda CR-V EX 4WD||$862|
|Dodge Grand Caravan SE||$868|
|Honda Accord LX-P 4-Dr Sedan||$862|
|Ford Escape XLT 4WD||$887|
|Chevrolet Malibu LS||$911|
|Ford F-150 Lariat Crew Cab 2WD||$928|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$941|
|Ford Explorer Eddie Bauer 2WD||$967|
|Ford Focus S 4-Dr Sedan||$971|
|Chevrolet Impala LS||$980|
|Volkswagen Jetta SE 4-Dr Sedan||$975|
|Chevrolet Equinox LS AWD||$993|
|Ford Edge SE AWD||$997|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,014|
|GMC Sierra SL Extended Cab 2WD||$1,023|
|Nissan Rogue SL AWD||$1,029|
|Toyota RAV4 Sport 2WD||$1,023|
|Ford Fusion Sport AWD 4-Dr Sedan||$1,042|
|Get a Custom Quote Go|
Above prices assume married male driver age 30, 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. Rate information does not factor in specific garaging location which can change coverage rates substantially.
Based upon the table data, cars like the Hyundai Elantra, Honda CR-V, Dodge Grand Caravan, Honda Accord, and Ford Escape should be the more affordable vehicles to insure for drivers in Fort Wayne.
Illustration showing the impact of accidents and violations
The ideal way to snag the most affordable insurance prices for drivers in Fort Wayne is to be a good driver and not have accidents or get tickets. The information below highlights how traffic violations and fender-benders can influence car insurance rates for different age groups of insureds. The data is based on a married male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
In the previous chart, the average cost of auto insurance in Indiana per year with no violations or accidents is $1,133. Add in two speeding tickets and the average cost jumps to $1,557, an increase of $424 each year. Then add one accident along with the two speeding tickets and the yearly cost of insurance in Fort Wayne goes up to an average of $1,983. That's an increase of $850, or $71 per month, just for a couple of infractions!
How to get discounts on Fort Wayne insurance
Insurance providers that offer coverage in Fort Wayne may also give you special discounts that could lower prices by 40% or more if you meet specific eligibility requirements. A list of insurance companies and some of their more popular discounts are included below.
- State Farm may offer discounts for anti-theft, multiple autos, defensive driving training, student away at school, Drive Safe & Save, and safe vehicle.
- Farmers Insurance has discounts for mature driver, alternative fuel, youthful driver, electronic funds transfer, teen driver, and early shopping.
- GEICO offers premium reductions for driver training, military active duty, federal employee, multi-vehicle, and membership and employees.
- American Family discounts include mySafetyValet, TimeAway discount, air bags, multi-vehicle, accident-free, and good student.
- Nationwide may have discounts that include business or organization, defensive driving, easy pay, multi-policy, and anti-theft.
- Progressive includes discounts for homeowner, multi-vehicle, good student, online signing, continuous coverage, and multi-policy.
The example below illustrates the difference between yearly insurance costs with and without discounts applied. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with safe-driver, vehicle safety, anti-theft, homeowner, marriage, and multiple policy discounts applied. When discounts are applied, the average savings per year on insurance in Fort Wayne is 27% or $425.
Tips for buying the cheapest insurance in Fort Wayne
Here are some of the recommended thrifty suggestions that can help you locate lower-cost auto insurance.
- Do not pay for comprehensive and collision coverage on older vehicles
- Raise physical damage deductibles
- Save money by bundling your home and auto policies
- Pay cheaper rates with good credit scores
- Vehicles with good safety ratings have lower liability rates
- Pay for small claims rather than turning them in to your insurance company
- Keep rates low by shopping around frequently
The last item on the list is highly significant, as was affirmed in this article. Auto insurance rates fluctuate constantly, so drivers shouldn't be reluctant to switch to a new company if a better deal can be had.
Staying with the same company for years is fine, but we do not recommend it if your bullheadedness ends up costing you a lot of money every month. If you have a few minutes, compare rates and find cheaper car insurance in Fort Wayne.