Looking for low-cost auto insurance rates in Muncie, IN? If you're trying to find more affordable insurance online, are you baffled by the wide range of auto insurance sources that you can choose from? Indiana vehicle owners have so many options that it can quickly become a ton of work to compare auto insurance rates on auto insurance. Everyone knows that Muncie is an awesome place to live, but expensive auto insurance premiums can make it very difficult to maintain proper levels of coverage.
Astonishing but true according to a recent study, nearly 70% of consumers have been with the same company for over three years, and virtually 40% of consumers have never compared rates with other companies. With the average premium in Indiana being $1,390, drivers can save $700 each year by just shopping around, but they just assume it's a time-consuming process to compare rate quotes.
Consumers should take time to do price comparisons on a regular basis because auto insurance prices tend to go up over time. If you had the lowest rate on auto insurance at your last renewal the chances are good that you can find a lower premium rate today. Forget all the misinformation about auto insurance because I'm going to let you in on the secrets to the best way to properly buy coverages while reducing your premium.
If you currently have car insurance, you will definitely be able to reduce the price you pay using these techniques. Quoting and buying the lowest cost car insurance in Muncie is not as time-consuming as you think. But Indiana drivers must understand the methods companies use to market on the web and use this information to your advantage.
Auto insurance quotes and discounts
Car insurance is not cheap, but you might be missing out on some discounts that can help lower your rates. Some of these discounts will be visible at quote time, but a few must be requested specifically prior to getting the savings.
- Pay Early and Save - If you pay your entire premium ahead of time rather than spreading payments over time you could save 5% or more.
- Mature Driver Discount - If you qualify as a senior citizen, you can get a slight reduction on a Muncie car insurance quote.
- Employee of Federal Government - Being employed by or retired from a federal job could qualify for a slight premium decrease with some auto insurance companies.
- Theft Prevention System - Cars and trucks optioned with advanced anti-theft systems prevent vehicle theft and that can save you a little bit as well.
- Accident Free - Good drivers with no accidents get the best auto insurance rates in comparison with insureds who have frequent claims or accidents.
- Auto/Home Discount - When you combine your auto and home insurance with the same company they may give you a discount of over 10 percent off each policy depending on the company.
- Discount for New Cars - Insuring a new car can be considerably cheaper because newer models have to meet stringent safety requirements.
- More Vehicles More Savings - Drivers who insure multiple cars with one company could earn a price break for each car.
- Early Renewal Discounts - A few larger companies give discounts for renewing your policy before your current coverage expires. It could save around 10% when you buy Muncie car insurance online.
While discounts sound great, it's important to understand that most discounts do not apply to the overall cost of the policy. A few only apply to specific coverage prices like comp or med pay. Even though the math looks like you can get free auto insurance, insurance companies wouldn't stay in business. Any amount of discount will lower your auto insurance premiums.
Auto insurance companies that have most of these discounts possibly include:
Before buying, ask all companies you are considering which discounts they offer. Discounts might not be available to policyholders in your state.
Finding auto insurance in Muncie
Most major insurance companies allow consumers to get coverage prices from their websites. Obtaining pricing is pretty easy as you just type in the coverages you want into the quote form. When complete, their quoting system automatically orders your driving and credit reports and returns pricing information based on the information you submitted.
Quoting online simplifies rate comparisons, and it's very important to perform this step in order to get the best possible rates on auto insurance.
To find out if lower rates are available, check out the auto insurance providers below. If you have your current policy handy, we recommend you type in the coverage information just like they are on your policy. This way, you're receiving rate comparison quotes using the same coverage and limits.
The companies shown below offer price quotes in Muncie, IN. If the list has multiple companies, it's a good idea that you click on several of them to find the most affordable auto insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado LS Regular Cab 2WD||$1,050||$525||$88|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$1,074||$537||$90|
|Ford Escape XLS 4WD||$652||$326||$54|
|Ford Explorer XLT 4WD||$840||$420||$70|
|Ford F-150 XLT Super Cab 2WD||$812||$406||$68|
|Ford Focus S 4-Dr Sedan||$726||$363||$61|
|Honda Accord LX 4-Dr Sedan||$630||$315||$53|
|Honda CR-V LX 4WD||$782||$391||$65|
|Honda Civic LX 4-Dr Sedan||$1,146||$573||$96|
|Hyundai Sonata SE 4-Dr Sedan||$952||$476||$79|
|Kia Optima LX||$900||$450||$75|
|Nissan Altima 2.5 4-Dr Sedan||$962||$481||$80|
|Toyota Camry SE||$1,170||$585||$98|
|Toyota Corolla LE||$988||$494||$82|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$666||$333||$56|
|Get Your Own Custom Quote Go|
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in vehicle garaging location which can impact premium rates considerably.
Muncie insurance premiums for males versus females
The chart below illustrates the comparison of auto insurance costs for male and female drivers in Muncie. The premiums assume no violations or claims, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied on a Hyundai Sonata SE.
Hyundai Sonata rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
One of the most common auto insurance questions is where should you set your physical damage deductibles. The comparisons below illustrate the rate difference when you choose different physical damage coverage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second set of prices uses a $500 deductible.
Ford Fusion 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|
|Fusion S 4-Dr Sedan||$216||$366||$280||$16||$84||$987||$82|
|Fusion SE 4-Dr Sedan||$244||$430||$280||$16||$84||$1,079||$90|
|Fusion Hybrid 4-Dr Sedan||$244||$496||$350||$20||$106||$1,241||$103|
|Fusion SEL 4-Dr Sedan||$244||$430||$280||$16||$84||$1,079||$90|
|Fusion Sport 4-Dr Sedan||$244||$430||$280||$16||$84||$1,079||$90|
|Fusion SEL AWD 4-Dr Sedan||$272||$496||$280||$16||$84||$1,173||$98|
|Fusion Sport AWD 4-Dr Sedan||$272||$496||$280||$16||$84||$1,173||$98|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion S 4-Dr Sedan||$176||$294||$280||$16||$84||$850||$71|
|Fusion SE 4-Dr Sedan||$200||$348||$280||$16||$84||$928||$77|
|Fusion Hybrid 4-Dr Sedan||$200||$400||$350||$20||$106||$1,076||$90|
|Fusion SEL 4-Dr Sedan||$200||$348||$280||$16||$84||$928||$77|
|Fusion Sport 4-Dr Sedan||$200||$348||$280||$16||$84||$928||$77|
|Fusion SEL AWD 4-Dr Sedan||$222||$400||$280||$16||$84||$1,002||$84|
|Fusion Sport AWD 4-Dr Sedan||$222||$400||$280||$16||$84||$1,002||$84|
|Get a Quote for Your Vehicle Go|
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in vehicle location which can affect price quotes greatly.
Using the data above, we can ascertain that using a $250 deductible costs roughly $13 more each month or $156 annually than opting for the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 19 months between claim filings, you would save money if you elect the higher deductible.
Quote cheaper auto insurance with these tips
Lots of things are taken into consideration when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but other criteria are more obscure like your vehicle usage and annual miles driven. A large part of saving on auto insurance is knowing the factors that go into determining the level of your policy premiums. When you understand what determines base rates, this enables you to make decisions that may result in lower rates.
The following are a few of the "ingredients" auto insurance companies consider when setting your rates.
Higher deductibles lower costs - Comp and collision deductibles define the amount you are required to pay before your auto insurance pays a claim. Insurance for physical damage, also called comprehensive and collision insurance, covers damage that occurs to your car. Examples of covered claims are colliding with a stationary object, damage caused by hail, and damage from wind. The more you pay before a claim is paid (deductible), the lower your rates will be.
Job stress can affect premiums - Did you know your auto insurance rates can be affected by your occupation? Jobs such as lawyers, business owners and financial analysts are shown to have higher rates than average attributed to high stress levels and lengthy work days. Other jobs such as professors, engineers and retirees pay lower than average rates.
Gender and auto insurance rates - Over the last 50 years, statistics have shown that females take fewer risks when driving. However, don't assume that men are WORSE drivers than women. Men and women get in accidents at about the same rate, but the male of the species tend to have more serious accidents. They also receive more costly citations such as DWI and reckless driving. Youthful male drivers tend to get in the most accidents and are penalized with high auto insurance rates.
Frequent auto insurance claims will increase rates - Insurance companies in Indiana provide cheaper rates to policyholders who do not file claims often. If you are a frequent claim filer, you can expect much higher rates or policy non-renewal. Your car insurance is intended to be relied upon for claims that you cannot pay yourself.
More performance means more cost - The performance of the car you own makes a big difference in your rates. The lowest base rates are usually for economy passenger cars, but the cost you end up paying is determined by many additional factors.
Older drivers pay less - Teenage drivers in Indiana have been known to be less responsible behind the wheel and because of this, their auto insurance rates are much higher. If you've ever had to add a first-time driver to your policy can be very expensive. Older insureds are shown to be more cautious, cost insurance companies less in claims, and get fewer tickets.
Local insurance agents
A small number of people prefer to get advice from a local agent and that is not a bad decision One of the great benefits of comparing rate quotes online is you can get cheaper premium rates and still have an agent to talk to.
By using this quick form, your information is submitted to local insurance agents who will return price quotes for your coverage. It makes it easy because there is no need to find an agent since price quotes are sent directly to you. You can find better rates and an insurance agent to talk to. If you have a need to get a comparison quote from a specific company, just navigate to their website and submit a quote form there.
Finding the right insurance company shouldn't rely on just the premium amount. These are some valid questions you should ask.
- Which insurance companies are they affiliated with?
- Will you work with the agent or an assistant?
- Do the agents have professional certifications like CPCU or CIC?
- Do they have a Better Business Bureau rating in Muncie?
- How are claims handled?
- What company do they have the most business with?
Two different types of auto insurance agents
When searching for a reliable agent, there are two different types of agencies and how they can service your needs differently. Insurance agencies can be categorized as either independent (non-exclusive) or exclusive.
Agents in the exclusive channel can only quote rates from one company such as Farmers Insurance, Allstate, or State Farm. Exclusive agencies are unable to shop your coverage around so always compare other rates. These agents are highly trained on the products they sell which aids in selling service over price. Some insured continue to use the same exclusive agent partially due to high brand loyalty and solid financial strength.
Independent Insurance Agents
Independent agents are not locked into one company and that enables them to quote your coverage through many different insurance companies and find the cheapest insurance rates. If they find a lower price, they simply move your policy to a different company and the insured can keep the same agent. When comparing rate quotes, you should always get quotes from several independent agencies to get the most accurate price comparison. Most independent agents also contract with small mutual carriers who may have lower rates.
Buying the right vehicle insurance in Indiana is an important decision
Despite the high insurance cost in Muncie, insurance serves a purpose in several ways.
First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability if you don't want to risk a ticket. 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.
Second, if you took out a loan on your car, almost all lenders will make it a condition of the loan that you buy full coverage to ensure they get paid if you total the vehicle. If you default on your policy, the lender may insure your vehicle for a lot more money and make you pay the higher premium.
Third, auto insurance preserves both your vehicle and your assets. It will also cover all forms of medical expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If you have damage to your vehicle as the result of the weather or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of having insurance greatly outweigh the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is wasting up to $825 a year so compare rate quotes each time the policy renews to help ensure money is not being wasted.
In the end, you can save money
In this article, we presented a lot of information how to compare insurance rates in Muncie. The most important thing to understand is the more rate quotes you have, the higher your chance of finding low cost Muncie car insurance quotes. You may even be surprised to find that the lowest rates are with a company that doesn't do a lot of advertising.
When searching for cheap Muncie car insurance quotes, never buy poor coverage just to save money. In too many instances, consumers will sacrifice physical damage coverage and learned later that the savings was not a smart move. The ultimate goal is to get the best coverage possible at the best possible price while not skimping on critical coverages.
Some insurance companies don't offer the ability to get a quote online and usually these regional insurance providers prefer to sell through independent agencies. Cost effective insurance can be purchased online and from local agencies, and you should be comparing both to have the best rate selection.
Additional insurance information can be read at the links below
- Credit Impacts Car Insurance Rates (State Farm)
- What Auto Insurance is Cheapest for Welfare Recipients in Indiana? (FAQ)
- Who Has the Cheapest Indiana Auto Insurance for a Learners Permit? (FAQ)
- Who Has the Cheapest Indiana Car Insurance Rates for Handicapped Drivers? (FAQ)
- Who Has the Cheapest Indiana Auto Insurance Quotes After a Speeding Ticket? (FAQ)
- What is the Cheapest Car Insurance in Bloomington, Indiana? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)