Finding decent, cheap auto insurance is easier said than done, and figuring out which company has the lowest-priced car insurance rates in South Bend may require even more perseverance. Every insurance company uses their own method for setting rates, so let's begin by taking a look at the lowest cost car insurance companies in South Bend.
Keep in mind that South Bend car insurance rates are calculated based on many things which can substantially change the price you pay for coverage. Improving your credit score, moving across town, or getting caught speeding can trigger changes in premium resulting in some companies being much cheaper than others.
|Rank||Company||Cost Per Year|
|7||Indiana Farmers Mutual||$875|
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Travelers has some of the cheapest car insurance rates in South Bend at around $596 annually. Cincinnati Insurance, USAA, Erie, and Western Reserve also rank well as some of the cheaper South Bend, IN car insurance companies.
As the rates illustrate above, if you are a customer of Erie and switched to Cincinnati Insurance, you might see a yearly price reduction of approxmiately $75. Drivers with Western Reserve might save as much as $180 a year, and The Hartford customers might cut rates by $197 a year.
To find out how much you can save, click here or quote prices from the following companies.
It's important to note that these policy rates are averaged across all insureds and vehicles and and are not figured with a specific location in South Bend. So the auto insurance company that is best for you may not even be in the top 36 companies shown above. That emphasizes why you need to get quotes using your own specific driver and vehicle information.
For drivers in South Bend, one of the largest criteria that are looked at to help calculate auto insurance rates is where you choose to live. More populated areas will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The following table lists the priciest cities in Indiana to buy auto insurance in. South Bend shows up at #17 with a yearly premium of $956 for the average insurance policy, which is approximately $80 monthly.
|Rank||City||Average Per Year|
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Rates are estimated as the garaging address in South Bend can change price quotes greatly.
The type of vehicle to be insured is one of the primary factors when looking for economical insurance in South Bend. Vehicles with economical engines, excellent safety ratings, or a positive history of liability claims will cost quite a bit less to insure than higher performance models.
The next table presents car insurance rates for a handful of the most budget-friendly automobiles to insure in Indiana.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$730|
|Honda CR-V EX 2WD||$735|
|Ford Escape Limited 2WD||$746|
|Toyota Camry LE||$861|
|Jeep Grand Cherokee Laredo 2WD||$867|
|Volkswagen Jetta S 4-Dr Sedan||$861|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$878|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$890|
|Ford Focus SEL 4-Dr Sedan||$899|
|Ford F-150 XL Super Cab 4WD||$892|
|Honda Odyssey EX-L||$907|
|Chevrolet Impala LTZ||$916|
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Estimates do not factor in specific location which can change price quotes greatly.
Looking at the data, you can figure that vehicles like the Hyundai Elantra, Honda CR-V, Ford Escape, and Toyota Prius are going to be a few of the more affordable vehicles to insure for drivers in South Bend.
The chart below shows how choosing a deductible can raise or lower insurance costs when quoting cheap insurance in South Bend. Data assumes a married male driver, comp and collision included, and no other discounts are factored in.
The data above shows that a 50-year-old driver could pocket $198 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $296 by using a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could possibly save as much as $652 or more just by choosing larger deductibles.
When insureds make the decision to increase the deductibles on their policy, it will be important to have spare funds to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Impact of speeding/accidents on South Bend car insurance rates
In a perfect world, the best way to score affordable car insurance rates in South Bend for drivers in South Bend is to drive cautiously and avoid tickets and accidents. The diagram below illustrates how violations and at-fault fender-benders impact car insurance rates for different ages of insureds. The premiums assume a single female driver, comp and collision included, $500 deductibles, and no discounts are applied.
In the prior example, the average cost of an auto insurance policy in South Bend per year with a clean driving record and no accidents is $1,686. Add in two speeding tickets and the average cost swells to $2,253, an increase of $567 each year. Now add in one accident along with the two speeding tickets and the annual cost of car insurance in South Bend goes up to an average of $2,835. That's an increase of $1,149, or $96 per month, just for not driving responsibly!
Discounts on South Bend auto insurance rates
Insurers that offer quotes in South Bend could also offer rate discounts that could reduce prices by as much as 30% if you meet certain criteria. A list of car insurance companies and their possible discounts can be found below.
- State Farm may include discounts for student away at school, driver's education, multiple autos, Drive Safe & Save, and Steer Clear safe driver discount.
- American Family has savings for accident-free, multi-vehicle, TimeAway discount, defensive driver, and Steer into Savings.
- GEICO discounts include multi-vehicle, daytime running lights, federal employee, driver training, anti-theft, good student, and emergency military deployment.
- 21st Century offers discounts for good student, driver training, homeowners, 55 and older, teen driver, and early bird.
- Progressive may have discounts that include online quote discount, good student, continuous coverage, multi-vehicle, and online signing.
The example below compares insurance costs with and without discounts applied to the rates. The costs are based on a male driver, no accidents or driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with homeowner, vehicle safety, defensive driving course, accident-free, anti-theft, and claim-free discounts applied. When discounts are applied, the the amount saved on car insurance in South Bend is 28% or $407.
How to find economical auto insurance in South Bend
The list below details some of the recommended penny-pinching suggestions that can help South Bend drivers get low-cost coverage.
- Do not waste money insuring older vehicles for full coverage
- Increase your credit score
- Increase your policy deductibles
- Being accident-free can lower rates significantly
- Violations like speeding or DUI increase rates
- Safe vehicles cost less to insure
- Shop around and save
The last idea is remarkably significant, as was discussed in this write-up. Rates fluctuate constantly, so don't be afraid to buy a policy from a new company if a cheaper price is available. Many drivers prefer to stick with one company, but it isn't a good idea if that faithfulness ends up costing you a wad of cash every year. Now is a great time to compare rates and find cheaper insurance in South Bend.