Want to save money and find more competitive auto insurance rates in Shelbyville, IN? Have you fallen victim to an underperforming, overpriced auto insurance policy? You're in good company because there are many Shelbyville consumers feeling the pinch from expensive auto insurance.
A recent NerdWallet.com study revealed that most consumers in Indiana kept their policy with the same company for well over three years, and about 40% of consumers have never compared rates with other companies. The average driver in the United States can cut their rates by as much as 47% a year by just comparing rate quotes, but they underestimate the benefits if they bought a different policy.
You have multiple car insurance companies to insure vehicles with, and although it's a good thing to be able to choose, it can be more challenging to find the best rates.
The quickest method we recommend to get policy rate comparisons is to know the trick most of the bigger providers allow for online access to give free rates quotes. All consumers are required to do is provide information like the year, make and model of vehicles, what you do for a living, driver ages, and how your vehicles are used. That information is instantly provided to insurance carriers in your area and they return rate quotes with very little delay.
To compare rates now, click here and enter your zip code.
The companies shown below are ready to provide free quotes in Shelbyville, IN. If more than one company is shown, it's a good idea that you get rate quotes from several of them to get the cheapest price.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado LS Crew Cab 2WD||$1,100||$550||$92|
|Dodge Grand Caravan SXT||$866||$433||$72|
|Dodge Ram Crew Cab TRX 2WD||$854||$427||$71|
|Ford Escape Limited 2WD||$840||$420||$70|
|Ford Explorer XLT 2WD||$1,010||$505||$84|
|Ford F-150 STX Super Cab 4WD||$798||$399||$67|
|Ford Focus SE 2-Dr Coupe||$1,064||$532||$89|
|GMC Sierra Denali Crew Cab 4WD||$1,138||$569||$95|
|Honda Accord EX-L 2-Dr Coupe||$1,142||$571||$95|
|Honda CR-V LX 4WD||$746||$373||$62|
|Honda Civic LX 2-Dr Coupe||$1,084||$542||$90|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$928||$464||$77|
|Nissan Altima 2.5 S 4-Dr Sedan||$906||$453||$76|
|Toyota Camry SE||$902||$451||$75|
|Toyota Corolla XRS||$1,012||$506||$84|
|Volkswagen Jetta SE 2.5 Station Wagon||$866||$433||$72|
|Get Your Own Custom Quote Go|
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in Shelbyville location which can alter premium rates significantly.
Higher deductibles lower rates
One of the most common car insurance questions is what deductibles to buy. The premium rates below may aid in understanding the costs and benefits between high and low physical damage deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$242||$436||$280||$16||$84||$1,083||$90|
|Altima 2.5 S 4-Dr Sedan||$242||$514||$280||$16||$84||$1,161||$97|
|Altima Hybrid 4-Dr Sedan||$272||$514||$280||$16||$84||$1,191||$99|
|Altima 2.5 S 2-Dr Coupe||$272||$514||$318||$18||$94||$1,241||$103|
|Altima 3.5 SR 4-Dr Sedan||$272||$514||$280||$16||$84||$1,191||$99|
|Altima 3.5 SR 2-Dr Coupe||$272||$592||$318||$18||$94||$1,319||$110|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$134||$230||$280||$16||$84||$744||$62|
|Altima 2.5 S 4-Dr Sedan||$134||$270||$280||$16||$84||$784||$65|
|Altima Hybrid 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|Altima 2.5 S 2-Dr Coupe||$152||$270||$318||$18||$94||$852||$71|
|Altima 3.5 SR 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|Altima 3.5 SR 2-Dr Coupe||$152||$312||$318||$18||$94||$894||$75|
|Get a Quote for Your Vehicle Go|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in vehicle location which can increase or decrease coverage rates significantly.
Based on these figures, using a $100 deductible would cost the average driver about $32 more each month or $384 each year than selecting the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 28 months between claims, you would come out ahead if you opt for a higher deductible.
How to determine when to raise deductibles
|Average monthly premium for $100 deductibles:||$100|
|Average monthly premium for $1,000 deductibles (subtract):||- $68|
|Monthly savings from raising deductible:||$32|
|Difference between deductibles ($1,000 - $100):||$900|
|Divide difference by monthly savings:||$900 / $32|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||28 months|
One thing to be aware of is that a higher deductible means you will have to cover more of the damage yourself when you do file a claim. That will necessitate access to more funds in the event you have to pay the deductible to have repairs made.
Save money with these discounts on auto insurance
Auto insurance is expensive, but there could be significant discounts that can drop the cost substantially. Certain credits will be shown when you purchase, but some need to be requested specifically prior to receiving the credit.
- Discount for Passive Restraints - Vehicles with factory air bags may earn rate discounts of more than 20%.
- Government Employees - Simply working for the federal government could provide a small rate reduction depending on your auto insurance provider.
- No Claim Discounts - Good drivers with no accidents can earn big discounts when compared to policyholders that have many claims.
- Shelbyville Homeowners Pay Less - Being a homeowner can earn you a little savings since owning and maintaining a home demonstrates responsibility.
- Mature Driver Discount - Mature drivers are able to get reduced rates.
- Driver's Education for Students - Have your child enroll and complete driver's education in school.
Discounts lower rates, but some of the credits will not apply the the whole policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, insurance companies wouldn't stay in business. But any discount will cut the cost of coverage.
Larger auto insurance companies and their possible discounts are:
- GEICO policyholders can earn discounts including driver training, military active duty, seat belt use, defensive driver, and membership and employees.
- Travelers offers premium reductions for home ownership, driver training, multi-car, payment discounts, student away at school, save driver, and IntelliDrive.
- Farm Bureau offers discounts for good student, driver training, 55 and retired, safe driver, youthful driver, renewal discount, and multi-policy.
- Liberty Mutual may have discounts that include multi-car, preferred payment discount, teen driver discount, safety features, new vehicle discount, and good student.
- American Family discounts include TimeAway discount, good driver, good student, multi-vehicle, air bags, and bundled insurance.
- Progressive has savings for multi-policy, online signing, online quote discount, homeowner, and continuous coverage.
When comparing rates, check with each company to give you their best rates. All car insurance discounts may not apply to policyholders in Shelbyville. To find auto insurance companies that can offer you the previously mentioned discounts in Indiana, click this link.
Why you might pay higher rates in Shelbyville
The best way to find cheaper car insurance is to take a look at the factors that play a part in calculating your car insurance rates. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that may result in lower rates.
The itemized list below are some of the major factors used by your company to calculate rates.
Getting married can lower rates - Getting married helps lower the price on your car insurance policy. It may mean you are more financially stable and statistics show drivers who are married file infrequent claims.
Don't let your coverage lapse - Going without insurance can be a sure-fire way to trigger a rate increase. And not only will your rates increase, the inability to provide proof of insurance will get you a hefty fine and possibly a revoked license. You may have to prove you have insurance by filing a SR-22 with the Indiana DMV.
An active car insurance claims history can cost you more - If you file a lot of claims you should expect either a policy non-renewal or much higher rates. Auto insurance companies in Indiana award the best rates to people who are not frequent claim filers. Insurance coverage is meant to be used in the event of larger claims.
Driving citations can be expensive - Your driving citation history influences premium rates substantially. Even one chargable violation can increase rates by as much as thirty percent. Careful drivers pay lower auto insurance prices compared to bad drivers. Drivers who have gotten careless citations such as reckless driving or DUI may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
Lower performance equals lower insurance costs - The type of car you need to insure makes a substantial difference in your premium level. Small economy passenger cars normally have pretty low rates, but other factors influence the final cost greatly.
High credit equals lower premiums - A driver's credit rating will be a significant factor in calculating your car insurance rates. Drivers with high credit scores tend to be less risk to insure than those with bad credit. So if your credit score can be improved, you could potentially save money when insuring your vehicle by improving your rating.
Costs impacted by vehicle usage - The higher the miles on your car in a year the more you will pay for car insurance. Almost all companies apply a rate based upon how you use the vehicle. Autos that sit idle most of the time cost less to insure than those that get driven frequently. Double check that your car insurance policy states the right rating data.
Compare rates but buy from a local neighborhood Shelbyville car insurance agent
A lot of people would prefer to sit down and talk to an agent and there is nothing wrong with that. The best thing about price shopping on the web is the fact that drivers can get cheap insurance quotes but also keep your business local.
To make it easy to find an agent, after completing this short form, the coverage information gets sent to insurance agents in Shelbyville that can provide free Shelbyville auto insurance quotes for your insurance coverage. You won't even need to find an agent because quoted prices will be sent directly to your email. You can get cheaper insurance rates and work with a local agent. If for some reason you want to get a rate quote from a specific insurance provider, you can always find their quoting web page and complete a quote there.
Choosing the best insurance company requires more thought than just the premium amount. Any agent in Shelbyville should be willing to answer these questions.
- Does the company have a local claim office in Shelbyville?
- What are the financial ratings for the companies they represent?
- How would your car be valued if totalled?
- What is the agency's Better Business Bureau rating?
- Do you qualify for any additional discounts?
- Will your rates increase after a single accident?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
If you want to use a reputable agency, you should know the types of agencies that you can select. Insurance agencies in Shelbyville can be described as either exclusive or independent agents depending on their company appointments.
Exclusive agents can only place business with one company like Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive insurance agents are usually well trained on what they offer which helps them sell insurance even at higher premiums.
Agents of this type can quote rates with many companies so they can insure your vehicles with many different companies and find you cheaper rates. If you want to switch companies, they can switch companies in-house and you don't have to switch agencies. When shopping rates, you definitely need to get insurance quotes from at least one independent agent so that you can do a thorough price comparison.
Car insurance is unique, just like you
When it comes to choosing coverage online or from an agent, there is no best way to insure your cars. Every situation is different and your car insurance should be unique as well. Here are some questions about coverages that could help you determine whether your personal situation may require specific advice.
- Do I need replacement cost coverage?
- Is my state a no-fault state?
- Who does medical payments coverage extend to?
- Which companies are cheaper for teen drivers?
- Where can I get insurance after a DUI in Indiana?
- Can my teen driver be rated on a liability-only vehicle?
- Can I afford low physical damage deductibles?
- Why am I required to buy liability insurance?
- If I drive on a suspended license am I covered?
If you don't know the answers to these questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of car insurance companies in your area.
Cover all your bases
We just covered some good ideas how you can get a better price on insurance in Shelbyville. The most important thing to understand is the more you quote Shelbyville auto insurance, the higher your chance of finding cheap Shelbyville auto insurance quotes. Drivers may even discover the most savings is with a company that doesn't do a lot of advertising. These companies may only write in your state and offer lower rates compared to the large companies like State Farm and Allstate.
While you're price shopping online, it's very important that you do not reduce coverage to reduce premium. Too many times, drivers have reduced liability limits or collision coverage to discover at claim time that they should have had better coverage. The aim is to buy enough coverage for the lowest price, but do not sacrifice coverage to save money.
For more information, take a look at these articles:
- Distracted Driving (Insurance Information Institute)
- What Car Insurance is Cheapest for Drivers with Bad Credit in Indiana? (FAQ)
- What is the Best Car Insurance in Columbus, IN? (FAQ)
- What Insurance is Cheapest for a Jeep Grand Cherokee in Indiana? (FAQ)
- What Auto Insurance is Cheapest for 19 Year Olds in Indiana? (FAQ)
- Red Light Cameras (State Farm)
- Auto Theft Statistics (Insurance Information Institute)
- Vehicle Insurance (Wikipedia)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)