For drivers in Portage, one of the big things that aid in calculating car insurance rates is where your car is garaged. Areas with more people or even just a higher incidence of claims likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.
The information below lists the priciest cities in Indiana in which to buy car insurance. Portage is ranked #4 costing $1,104 for the average policy, which is around $92 per month.
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Rate information is comparative as the specific Portage residence address can affect auto insurance rates significantly.
Now that we understand where Portage ranks compared to other Indiana cities, finding good, affordable insurance is confusing at best, and deciding which company has the lowest-priced auto insurance rates in Portage will require a little more work.
Each insurance company has their own unique process to set policy rates, so let's take a look at the auto insurance companies that tend to have lower prices in Portage, IN.
Lowest Insurance Price Quotes in Portage
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$875|
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Travelers normally has some of the cheapest car insurance rates in Portage at around $614 per year. USAA, Cincinnati Insurance, Erie, and Western Reserve also rank well as some of the cheaper Portage, IN auto insurance companies.
As the example above demonstrates, if you have coverage with Cincinnati Insurance and switched to Travelers, you might achieve savings of approxmiately $70. Indiana drivers with Erie could save as much as $91 a year, and Western Reserve policyholders might lower prices by $232 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or visit any of the low-priced companies below.
Remember that these prices are averages across all types of drivers and the different vehicles they drive and do not factor in an exact location in Portage. So the insurer that has the cheapest rates for you may not even be in the list above. That points out the importance of why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.
The make and model of vehicle to be insured is probably the biggest factor when comparing economical auto insurance in Portage. Vehicles with average performance, advanced safety features, or low incidents of liability claims will cost significantly less to insure than high performance models.
The data below features insurance rates for the cheapest vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord EX-L 4-Dr Sedan||$1,055|
|Ford Escape XLT 2WD||$1,059|
|Honda CR-V EX-L 4WD||$1,115|
|Toyota Tacoma 2WD||$1,124|
|Dodge Grand Caravan Hero||$1,149|
|Ford F-150 FX4 4WD||$1,173|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,187|
|Hyundai Elantra SE Touring Station Wagon||$1,193|
|Hyundai Sonata GLS 4-Dr Sedan||$1,230|
|Chevrolet Silverado LT Extended Cab 2WD||$1,240|
|Nissan Rogue S AWD||$1,230|
|Nissan Altima Hybrid 4-Dr Sedan||$1,233|
|Jeep Grand Cherokee SRT-8 4WD||$1,240|
|Toyota RAV4 Limited 4WD||$1,252|
|Chevrolet Malibu LS||$1,257|
|Chevrolet Impala LS||$1,257|
|Ford Explorer Limited 2WD||$1,281|
|Toyota Camry Hybrid||$1,315|
|Honda Civic EX 4-Dr Sedan||$1,327|
|Ford Focus SEL 4-Dr Sedan||$1,335|
|Chevrolet Equinox LTZ AWD||$1,346|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,355|
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Information does not factor in vehicle garaging location which can change premium rates substantially.
Based upon the rates shown, models like the Honda Accord, Ford Escape, Honda CR-V, Toyota Tacoma, and Dodge Grand Caravan are most likely to be a few of the more affordable vehicles to insure for drivers in Portage.
The illustration below illustrates how your deductible choice can change insurance rates when searching for cheap insurance in Portage. The premiums assume a married female driver, full coverage, and no other discounts are factored in.
As shown above, a 50-year-old driver could lower rates by $192 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $290 by using a $1,000 deductible. Even younger insureds, like the 20-year-old, could roll back prices as much as $476 each year just by choosing higher deductibles.
When choosing a higher deductible, it will be important to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
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Portage auto insurance rates are impacted by many factors which can substantially change the price you have to pay. Turning one year older, buying a different home, or getting caught speeding may cause policy rate changes that may make certain companies more affordable than competitors.
Not only may your risk profile change, but car insurance companies change the rates they charge in Indiana multiple times each year to adjust for heavy claims or excess profits. Unexpectedly high claims can cause additional price hikes, while profitable underwriting may cause cheaper Portage car insurance rates.
The data below demonstrates which company has the cheapest car insurance in Portage, IN for a 30-year-old male driver with no accidents or violations, and good credit. If we estimate prices based on his current rating profile, Travelers might offer the lowest car insurance rates in Portage at $725 annually. This is $515 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and The Hartford are also included in the best Portage, IN auto insurance companies.
Now let's give the driver from the above example a chargable claim, bad credit, and a few traffic violations. Since each auto insurance company has a different formula for determing rates in each state, analyzing rate quotes may result in a different set of companies as shown below.
Western Reserve now has the cheapest rate in Portage, IN with Auto-Owners, Cincinnati Insurance, Nationwide, and Utica National now rounding out the top five. This example proves why Portage drivers need to compare rates to find affordable insurance quotes in Portage. Auto insurance prices are influenced by many different factors and change substantially, so the most affordable company when you last compared rates may now be quite expensive.
How to find low-cost car insurance in Portage
It is possible to find better rates, and here are a few penny-pinching suggestions that can help drivers find low-cost coverage.
- Having at-fault accidents will increase rates
- Do not pay for comprehensive and collision coverage on older vehicles
- Bundle car and home insurance and save money
- Drive vehicles with five-star safety ratings
- Frequent claims will increase rates
- Violations and traffic tickets increase rates
- Compare rate quotes frequently
That last idea is especially vital, as was discussed in the article above. Insurance rates change a lot, so drivers shouldn't hesitate to buy a policy from a new company if a better deal can be had.
Many consumers stick with the same company and that's fine, but we do not recommend it if that loyalty ends up costing hundreds of dollars a year. In less than five minutes you could compare rates and find cheaper car insurance in Portage.