Finding decent, low-priced auto insurance is confusing at best, and deciding which company offers the best insurance rates in Gary will involve even more shopping around. Every car insurance company uses a different method for determining prices, so let's begin by taking a look at the most competitive insurance companies in Indiana.
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$849|
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Travelers normally has some of the most affordable car insurance rates in Gary at around $596 per year. USAA, Cincinnati Insurance, Erie, and Western Reserve also are some of the most economical Gary, IN insurance companies.
As shown above, if you are insured with Western Reserve and switched to USAA, you could see an annual savings of about $177. Policyholders with Indiana Farmers Mutual could save as much as $188 a year, and The Hartford insureds might see rate reductions of $202 a year.
These rates are averaged for all insureds and vehicles and and are not calculated with a specific vehicle garaging location in Gary. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to get car insurance quotes using your own specific driver and vehicle information.
For drivers in Gary, one of the big considerations that determine insurance cost is the neighborhood you call home. Areas with increased crime or more people tend to pay more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The following table shows the most costly cities in Indiana to purchase a policy in. Gary makes the list at #1 with an annual premium of $1,347 on average, which is approximately $112 monthly.
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Annual rates are approximated as the vehicle garaging location can alter premiums noticeably.
Why are you paying too much for car insurance?
Indiana insurance rates are determined by lots of factors which can substantially decrease or increase the cost of your policy. Simply turning a year older, becoming a homeowner, or having an accident may prompt premium changes resulting in some rates now being cheaper than before. Not only may your risk profile change, but car insurance companies file new Indiana car insurance rates at least once a year in order to maintain liquidity for claims. Heavy losses can cause additional premium costs, while lower claim expenses can result in more affordable Gary car insurance rates.
To illustrate this point, the data below shows rates for the cheapest car insurance in Gary, IN for a 40-year-old female driver with a clear driving record, no claims, and solid credit. Based on her current risk factors, Travelers quotes the best car insurance rates in Gary at $920 each year. This is $320 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are the rest of the cheapest Gary, IN auto insurance companies.
Now we will give the driver from the above example a claim surcharge, poor credit, and a couple of points charged on her driving record. Since each insurance company has a proprietary formula to determing premium rates, getting updated rate quotes may now result in a new list of the cheapest companies as shown below.
Auto-Owners now has the best insurance rate in Gary with The Hartford, USAA, Nationwide, and Utica National also having competitive pricing. This example illustrates why it is important to shop around when trying to find the most budget-friendly car insurance quotes in Gary.
Insurance prices are impacted by many different factors and change substantially, so the cheapest rate the last time you shopped around may now cost much more than other companies.
The type of vehicle you are trying to insure is one of the biggest factors when looking for cheap auto insurance in Gary. Vehicles with high performance features, poor safety ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models.
The data below showcases insurance premiums for a selection of the most budget-friendly automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,837|
|Honda CR-V EX 2WD||$2,017|
|Ford Explorer XLT AWD||$2,060|
|Ford Edge Limited 2WD||$2,133|
|Jeep Wrangler Sport 4WD 2-Dr||$2,173|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$2,216|
|Honda Civic LX 4-Dr Sedan||$2,252|
|Ford F-150 STX Super Cab 2WD||$2,286|
|Hyundai Elantra GLS 4-Dr Sedan||$2,295|
|Toyota Corolla XLE||$2,301|
|Chevrolet Equinox LTZ AWD||$2,335|
|Ford Fusion Sport 4-Dr Sedan||$2,342|
|Jeep Grand Cherokee Laredo 2WD||$2,384|
|Dodge Grand Caravan Hero||$2,390|
|Toyota RAV4 Sport 4WD||$2,454|
|Honda Accord EX-L 2-Dr Coupe||$2,491|
|Chevrolet Silverado LTZ Crew Cab 2WD||$2,500|
|Kia Optima EX||$2,491|
|Toyota Camry Hybrid||$2,498|
|Chevrolet Impala LTZ||$2,512|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$2,561|
|Honda Odyssey EX-L W/Navigation||$2,567|
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in garaging location in Gary, IN which can modify auto insurance rates significantly.
Looking at the data, you can expect vehicles like the Ford Escape, Honda CR-V, Ford Explorer, and Ford Edge are most likely to be a few of the cheapest vehicles to insure for drivers in Gary.
Types of discounts on Gary insurance rates
Auto insurance companies that offer cheap quotes in Gary may also provide premium discounts that could potentially reduce rates by 40% or more if you qualify. Larger insurance companies and some of the discounts include:
- State Farm has savings for good driver, Steer Clear safe driver discount, safe vehicle, accident-free, and good student.
- Farmers Insurance may include discounts for multi-car, business and professional, teen driver, pay in full, mature driver, and distant student.
- Progressive offers premium reductions for homeowner, multi-policy, continuous coverage, online quote discount, multi-vehicle, and online signing.
- GEICO policyholders can earn discounts including seat belt use, good student, multi-policy, anti-theft, and multi-vehicle.
- Auto-Owners Insurance has discounts for safe vehicle, company car, group or association, good student, multiple vehicles, and anti-theft.
- The Hartford may offer discounts for good student, defensive driver, vehicle fuel type, bundle, anti-theft, air bag, and driver training.
- Farm Bureau discounts include multi-policy, safe driver, good student, 55 and retired, and multi-vehicle.
- USAA includes discounts for defensive driver, new vehicle, safe driver, family discount, loyalty savings, and annual mileage.
The illustration below compares insurance prices with and without discounts being applied to the rates. The premiums assume a female driver, no claims or driving citations, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with defensive driving course, anti-theft, marriage, safe-driver, passive restraint, and accident-free discounts applied. When discounts are factored in, the the amount saved on insurance in Gary is 28% or $348.
How to find more affordable car insurance in Gary
The list below summarizes a few thrifty suggestions that can help Indiana drivers find lower-cost coverage.
- Higher credit scores may earn you cheaper rates
- Increase the comprehensive and collision deductibles on your policy
- Avoid at-fault accidents and claims
- Tickets and violations raise rates
- Buy vehicles with five-star safety ratings
- Drop full coverage on older vehicles
- Comparison shop frequently
The last tip in the list is notably important, as was noted in this piece. Car insurance rates adjust often, so don't be unwilling to buy a policy from a new company if you can save money.
Many drivers have brand loyalty and that's fine, but it's not a great idea if that dedication is costing thousands of dollars over several years. In less than five minutes you could compare rates to find cheaper car insurance in Gary.