If you are new to getting Fort Wayne auto insurance quotes online, you can be overwhelmed by the large number of car insurance companies offering insurance in Fort Wayne.
It's hard to fathom, but most Indiana car insurance customers kept their coverage with the same car insurance company for four years or more, and 38% of customers have never even compared rates from other companies. With the average car insurance premium being $1,847, American drivers can save $850 each year by just comparing rate quotes, but most just don't grasp how much they could save if they switched.
Smart consumers take time to take a look at other company's rates once or twice a year since prices go up and down regularly. Even if you got the best deal on Honda CR-V insurance in Fort Wayne two years ago you may be paying too much now. Forget anything you know (or think you know) about car insurance because I'm going to let you in on the secrets to how to quote online to find great coverage at a great price.
Fort Wayne Insurance Prices are Influenced by These Factors
Consumers need to have an understanding of the factors that are used to determine your auto insurance rates. When you understand what impacts premium levels, this empowers consumers to make smart changes that could help you find big savings.
The following are a few of the "ingredients" used by companies to determine your premiums.
- Do you work long hours in a demanding job? - Occupations like fire fighters, airline pilots, and financial analysts generally pay the highest average rates attributed to job stress and long work days. On the other hand, professions such as professors, engineers and performers have lower than average premiums.
- More annual miles equals more premium - The higher the mileage driven annually the higher your rates will be. Almost all companies price each vehicle's coverage based upon how much you drive. Cars used primarily for pleasure use get more affordable rates than those that get driven frequently. It's a good idea to make sure your policy correctly shows the proper vehicle usage, because improper ratings can cost you money. Incorrect rating for your CR-V may be wasting your money.
- Remove unneeded add-on coverages - Insurance companies have many extra coverages that can waste your money if you aren't diligent. Add-on coverages like coverage for rental cars, towing coverage, and term life insurance may be costing you every month. They may seem like a good idea when buying your policy, but now you might not need them so remove them from your policy.
- Reduce auto insurance rates by driving vehicles with better crash test results - Safer cars tend to be cheaper to insure. The safest vehicles reduce occupant injuries and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Honda is rated at least four stars on Safercar.gov or an "acceptable" rating on iihs.org you may pay a lower rate.
- High performance equals high rates - The performance of the vehicle you need to insure makes a significant difference in your premium level. The lowest base rates tend to be for the lowest performance passenger cars, but the cost you end up paying is determined by many additional factors. Since the Honda CR-V falls in the standard SUV class, insuring your vehicle will cost slightly more than the average rate where you live in Fort Wayne.
- Save money with alarms and GPS tracking - Choosing a vehicle with an alarm system can save you a little every year. Anti-theft features such as OnStar, LoJack tracking, and tamper alarms all help stop auto theft.
- Auto insurance policy lapses increase auto insurance rates - Driving without insurance can get you a ticket and as a result your rates will increase for letting your insurance lapse for non-payment. Not only will rates go up, not being able to provide proof of insurance may earn you fines or a revoked license.
- Honda CR-V claim statistics - Car insurance companies factor in insurance loss information as a tool for profitable underwriting. Vehicles that statistically have higher claim frequency or loss amount will have increased rates. The data below shows the insurance loss data used by companies for Honda CR-V vehicles.
For each type of coverage, the statistical loss for all vehicles, regardless of make or model, is equal to 100. Values below 100 are indicative of better than average losses, while percentage numbers above 100 indicate a higher chance of having a claim or an increased chance of larger losses than average.
Car Insurance Loss Data for Honda CR-V Models
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Honda CR-V 4dr 2WD 68 81 58 93 86 77 Honda CR-V 4dr 4WD 69 82 69 90 87 78
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Compare Honda CR-V insurance rates
Most companies like Allstate and Progressive allow consumers to get prices on the web. Getting online quotes for Honda CR-V insurance in Fort Wayne is pretty painless because it's just a matter of typing in your required coverages on the page. After you complete the form, their rating system sends out for your credit score and driving record and generates pricing information.
This simplifies rate comparisons, and it's also necessary to get many rate quotes in order to get the most affordable premium possible.
To compare rates now, compare rates now from the companies shown below. If you have a policy now, it's recommended you enter the limits and deductibles just like they are on your policy. Using the same limits helps guarantee you're receiving a price comparison based on the exact same insurance coverage.
The companies shown below have been selected to offer comparison quotes in Indiana. If multiple providers are shown, it's highly recommended you click on several of them to get the cheapest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CR-V LX 2WD||$130||$232||$322||$20||$96||$800||$67|
|CR-V EX 2WD||$202||$406||$310||$18||$92||$1,028||$86|
|CR-V LX 4WD||$170||$298||$322||$20||$96||$906||$76|
|CR-V EX 4WD||$132||$218||$288||$18||$86||$742||$62|
|CR-V EX-L 2WD||$152||$188||$312||$18||$94||$764||$64|
|CR-V EX-L 4WD||$220||$330||$246||$14||$74||$884||$74|
|Get Your Own Custom Quote Go|
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Price information does not factor in specific zip code location which can raise or lower price quotes considerably.
The chart below illustrates how your choice of deductibles and can influence Honda CR-V insurance premiums for different age groups of insureds. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Auto insurance is not optional but you don't have to overpay
Despite the high cost, insurance may not be optional for several reasons.
- Just about all states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability protection in order to license the vehicle. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Honda, most banks will have a requirement that you buy insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the bank will be required to insure your Honda for a lot more money and force you to reimburse them for the expensive policy.
- Auto insurance preserves your Honda CR-V and your assets. It will also provide coverage for medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, your auto insurance policy will pay to repair the damage minus the deductible amount.
The benefits of buying auto insurance more than cancel out the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is wasting up to $865 each year so it's very important to do a rate comparison at every policy renewal to save money.
Discounts for cheaper auto insurance quotes
Auto insurance is not an enjoyable expense, but there may be some discounts to help offset the cost. Certain discounts will be triggered automatically when you get a quote, but less common discounts must be specially asked for before they will apply.
- E-sign Discounts - A few larger online companies will give a small break for buying your policy on the web.
- Telematics Data - Insureds that choose to allow driving data collection to analyze when and where they use their vehicle by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they are good drivers.
- Federal Employees - Simply working for the federal government could qualify for a slight premium decrease with select insurance companies.
- Military Discounts - Having a family member in the military could trigger a small discount.
- No Claim Discounts - Fort Wayne drivers who stay claim-free get the best auto insurance rates as opposed to drivers with a long claim history.
- Driver Education Discount - Make teen driver coverage more affordable by requiring them to enroll in driver's education in school.
- Waiver for an Accident - This one isn't a discount, but companies like Progressive, State Farm and GEICO permit an accident before raising your premiums so long as you are claim-free for a specific time period.
- Seat Belts Save more than Lives - Forcing all vehicle occupants to buckle up before driving can save up to 15% on medical payment and PIP coverage.
- ABS Braking Discount - Cars with anti-lock braking systems prevent accidents and earn discounts up to 10%.
- Save with a New Car - Putting auto insurance coverage on a new CR-V can get you a discount because newer vehicles have to meet stringent safety requirements.
Please keep in mind that most discounts do not apply the the whole policy. Some only reduce the cost of specific coverages such as comprehensive or collision. So even though it sounds like having all the discounts means you get insurance for free, you won't be that lucky.
To locate insurance companies with discount auto insurance rates in Indiana, click here.
Insurance agent or online?
Some people just want to sit down and talk to an agent and doing that can be a smart decision An additional benefit of comparing insurance online is that you can obtain better rates and still buy from a local agent.
Once you complete this quick form, your information is submitted to agents in your area who will give you quotes for your coverage. It makes it easy because there is no need to search for any insurance agencies since price quotes are sent straight to your inbox. You'll get the best rates and an insurance agent to talk to. If you need to get a comparison quote from a specific company, don't hesitate to jump over to their website to submit a rate quote request.
Deciding on an provider is decision based upon more than just a cheap price. These are valid questions to ask:
- When do they do policy reviews?
- Do the companies they represent have a solid financial rating?
- Do they specialize in personal lines auto insurance in Fort Wayne?
- How would your car be valued if totalled?
- Does the quote include credit and driving reports?
- Does the agency have a good rating with the Better Business Bureau?
- Will the agent help in case of a claim?
- How long has their agency been in business in Fort Wayne?
When searching for a local agent, there are two types of agencies that you can choose from. Insurance agents in Fort Wayne can be categorized as either exclusive or independent (non-exclusive).
Exclusive agents can only provide one company's prices and some examples include State Farm, Allstate and AAA. Exclusive agencies are unable to provide other company's prices so they have no alternatives for high prices. These agents are usually quite knowledgeable on the products they sell and that enables them to sell even at higher rates. Consumers frequently choose to use a exclusive agent partially due to high brand loyalty and the convenience of having a single billing for all their coverages.
Listed below is a list of exclusive agents in Fort Wayne that are able to give price quotes.
- Farmers Insurance - Larry Elliott
7529 W Jefferson Blvd - Fort Wayne, IN 46804 - (260) 434-1952 - View Map
- Sam Till Jr - State Farm Insurance Agent
615 Goshen Ave - Fort Wayne, IN 46808 - (260) 482-9623 - View Map
- Allstate Insurance: Paul Michaylo
2416 Getz Rd - Fort Wayne, IN 46804 - (260) 459-1700 - View Map
Independent Insurance Agencies
Agents that choose to be independent can quote rates with many companies and that is an advantage because they can write policies with lots of companies enabling the ability to shop coverage around. If you are not satisfied with one company, your agent can just switch to a different company and the insured can keep the same agent.
If you need cheaper insurance rates, you need to get rate quotes from a couple of independent agencies for the best price selection. Many independent agencies also insure through mutual insurance companies that may have much lower rates than larger companies.
The following are Fort Wayne independent agents that are able to give rate quotes.
- Schultheis Agency Insurance
1910 St Joe Center Rd - Fort Wayne, IN 46825 - (260) 480-0208 - View Map
- GMI Insurance
6110 Bluffton Rd #110 - Fort Wayne, IN 46809 - (260) 478-9405 - View Map
- Mathews Insurance Agency, Inc.
807 Lincoln Hwy W - New Haven, IN 46774 - (260) 749-9696 - View Map
Situations that may require an agent's advice
Keep in mind that when it comes to choosing the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Everyone's situation is a little different.
For instance, these questions may help highlight if your situation could use an agent's help.
- If my car is totalled with they pay enough to replace it?
- Is a new car covered when I drive it off the dealer lot?
- When would I need rental car insurance?
- Are there any extra discounts I can get?
- Do I have coverage when using my vehicle for my home business?
- Is a fancy paint job covered?
If you're not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.
One last note
As you go through the steps to switch your coverage, it's a bad idea to sacrifice coverage to reduce premiums. Too many times, an accident victim reduced liability coverage limits and found out when filing a claim that they should have had better coverage. Your goal should be to buy the best coverage you can find at the lowest possible cost and still be able to protect your assets.
The cheapest Honda CR-V insurance in Fort Wayne is possible from both online companies as well as from insurance agents, so you need to shop Fort Wayne auto insurance with both to have the best chance of lowering rates. Some companies may not offer the ability to get a quote online and these regional carriers work with independent agencies.
You just learned quite a bit of information on how to compare Honda CR-V insurance car insurance rates in Fort Wayne. It's most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest car insurance rates come from some of the lesser-known companies.
Much more information about auto insurance in Indiana is located at these links:
- Understanding Limits and Deductibles (Allstate)
- How Much are Auto Insurance Quotes for a 20 Year Old Male in Indiana? (FAQ)
- Who Has the Cheapest Indiana Auto Insurance Rates for Postal Workers? (FAQ)
- What Auto Insurance is Cheapest for a Subaru Outback in Indiana? (FAQ)
- What is Gap Insurance? (Insurance Information Institute)
- Self-driving cars won't replace humans (Insurance Institute for Highway Safety)
- State Laws for Cellphones and Texting (iihs.org)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)