The make and model of vehicle you are buying coverage for is probably the most important factor when shopping around for low-priced car insurance after a speeding ticket. Vehicles with limited top-end speed, modern passenger safety features, or a track record of few liability claims will cost substantially less to insure than high performance models.
The list below ranks auto insurance costs for some of the most economical automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,307 |
| Honda Accord EX 4-Dr Sedan | $1,316 |
| Dodge Grand Caravan CV | $1,461 |
| Honda CR-V EX-L 2WD | $1,474 |
| Ford Escape XLS 2WD | $1,520 |
| Chevrolet Malibu LS | $1,546 |
| Toyota Camry LE | $1,553 |
| Toyota Prius | $1,600 |
| Ford Explorer XLT 4WD | $1,615 |
| Toyota Tacoma X-Runner 2WD | $1,631 |
| GMC Sierra SLE Extended Cab 4WD | $1,661 |
| Ford Edge SEL AWD | $1,676 |
| Ford F-150 Lariat King Ranch 4WD | $1,689 |
| Jeep Wrangler Unlimited Rubicon 4WD 4-Dr | $1,704 |
| Chevrolet Equinox LT AWD | $1,709 |
| Chevrolet Silverado LS Extended Cab 4WD | $1,718 |
| GMC Sierra 2500HD SLT Extended Cab 4WD | $1,746 |
| Ford Focus SEL 4-Dr Sedan | $1,770 |
| Hyundai Sonata Limited 4-Dr Sedan | $1,779 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,791 |
| Toyota RAV4 Limited 2WD | $1,798 |
| Chevrolet Impala LT | $1,805 |
| Toyota Corolla LE | $1,802 |
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Cost estimates assume single female driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in vehicle garaging location which can impact rates greatly.
By looking at the data, makes and models like the Hyundai Elantra, Honda Accord, and Dodge Grand Caravan should be the more affordable vehicles to insure after a few driving violations.
After a few driving violations, one of the largest criteria that are looked at to determine the cost of insurance is where you normally keep your vehicle. Regions with larger populations or more claims tend to have higher auto insurance costs, whereas areas with less congestion profit from lower rates.
The following table lists the most expensive areas in Indiana after a speeding ticket in which to buy car insurance. Fort Wayne is listed at #15 costing $976 for the average insured, which is around $81 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Gary | $1,347 |
| 2 | Hammond | $1,288 |
| 3 | Merrillville | $1,106 |
| 4 | Portage | $1,093 |
| 5 | Indianapolis | $1,092 |
| 6 | Lawrence | $1,066 |
| 7 | New Albany | $1,059 |
| 8 | Evansville | $1,055 |
| 9 | Kokomo | $1,041 |
| 10 | Jeffersonville | $1,038 |
| 11 | Terre Haute | $1,035 |
| 12 | Anderson | $1,001 |
| 13 | Bloomington | $988 |
| 14 | Fishers | $983 |
| 15 | Fort Wayne | $976 |
| 16 | Mishawaka | $974 |
| 17 | Elkhart | $965 |
| 18 | Greenwood | $960 |
| 19 | Columbus | $955 |
| 20 | Carmel | $947 |
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Information shown are estimated as zip code location can modify price quotes noticeably.
The illustration below demonstrates how deductible levels can raise or lower insurance premiums when searching for cheap insurance after a speeding ticket. The premiums are based on a married male driver, full coverage, and no discounts are applied to the premium.
A 40-year-old driver could lower rates by $198 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $296 by selecting a $1,000 deductible. Younger drivers, such as the Age 20 example, have the ability to save $652 or even more just by choosing larger deductibles.
If you do raise deductibles, it’s a good idea to have additional funds squirreled away to satisfy the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Drive responsibly or pay higher rates
The obvious way to receive good car insurance rates in Fort Wayne after a few driving violations is to drive safe and avoid at-fault accidents and violations. The chart below illustrates how speeding tickets and at-fault claims can raise auto insurance costs for different ages of insureds. The costs are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
The data charted above shows the average cost of auto insurance in Fort Wayne per year with no accidents or violations is $1,380. Add in two speeding tickets and the average cost rises to $1,907, an increase of $526 each year. Now include two accidents along with the two speeding tickets and the annual cost of car insurance after a speeding ticket increases to an average of $3,772. That’s an increase of $2,392, or $199 per month, just for not keeping your driving record clean!
Why you should be shopping around
Fort Wayne car insurance rates are influenced by many factors that will increase or decrease the price of coverage. Getting older, having a teenage driver, or getting a couple of tickets may cause policy rate changes that can cause some rates to be much cheaper than others. Not only may your risk profile change, but car insurance companies change the rates they charge in Indiana every year or even multiple times each year to ensure their profitability. A period of higher than normal claims can result in additional price hikes, while a lower level of claims may result in cheaper Fort Wayne car insurance rates.
As an example, the data below shows which companies have the cheapest car insurance in Fort Wayne, IN for a 40-year-old male driver with no accidents or violations, and great credit. If we estimate rates based on his current rating profile, Travelers quotes the lowest car insurance rates in Fort Wayne at $653 each year. This is $587 less than the average premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are the remaining best Fort Wayne, IN auto insurance companies.
In this example, we will give the driver from above a claim surcharge, bad credit, and an imperfect driving record. Since each company uses their own method to set their prices, analyzing rates may result in a substantially altered list of affordable companies as shown below.
The Hartford now has the cheapest insurance rate in Fort Wayne with Auto-Owners, Nationwide, USAA, and State Farm completing the list. This example shows why it is important to spend some time comparing rates when trying to find the lowest insurance rates after a speeding ticket. Auto insurance prices can be determined by many risk factors and can increase or decrease at any time, so the best option three years ago may now be one of the more expensive options.
Tips for buying cheaper insurance after a speeding ticket
The list below summarizes some thrifty solutions that can help Fort Wayne drivers quote lower-cost car insurance.
- Buy vehicles with five-star safety ratings
- Save money by insuring older vehicles for liability only
- If possible, do not file small claims
- Increase physical damage deductibles
- Better credit rating means better rates
- Bundle home and auto and earn a discount
- Compare prices as often as possible
That last tip is notably necessary, as we discussed in the article above. Auto insurance rates in Fort Wayne can change significantly in a year, so don’t be tentative to buy from a new company if a lower price can be found. Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that loyalty results in overpaying several hundred dollars every year. If you have a few minutes, compare rates to find cheaper insurance after a speeding ticket.