Finding cheap car insurance is easier said than done, and figuring out which companies quote the most affordable insurance rates for good drivers calls for a bit more work.
Each insurer has their own process to set policy rates, so let’s rank the insurance companies with the most affordable rates in Indiana. It’s important to know that Indiana insurance rates are impacted by many factors which can significantly increase or decrease the cost of coverage. Improving your credit rating, getting married, or having an at-fault accident may prompt premium changes that may make certain companies more affordable than before.
Best Cheap Insurance Rates for Good Drivers
Travelers generally has some of the most affordable car insurance rates in Fort Wayne at around $596 annually. Cincinnati Insurance, USAA, Erie, and Western Reserve are also some of the more affordable Fort Wayne, IN insurance companies.
As illustrated above, if you currently have a policy with Erie and switched to Cincinnati Insurance, you could earn an annual savings of in the vicinity of $69. Policyholders with Western Reserve may save as much as $174 a year, and The Hartford customers might lower prices by up to $191 a year.
It’s important to note that these policy rates are averages for all drivers and vehicles in Indiana and are not factoring in an exact location for good drivers. So the car insurance company that can offer you the best rate may not even be in the top 36 companies in the list above. That points out the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.
For safe drivers, one of the more important components that determine car insurance rates is where you normally keep your vehicle. Areas with more people or even just a higher incidence of claims are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap car insurance rates.
The table below sorts the highest-priced places in Indiana for good drivers in which to buy car insurance. Fort Wayne is listed at #14 with an annual cost of $976 on average, which is around $81 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,388 |
| 2 | Hammond | $1,314 |
| 3 | Portage | $1,137 |
| 4 | Merrillville | $1,128 |
| 5 | Terre Haute | $1,067 |
| 6 | New Albany | $1,059 |
| 7 | Lawrence | $1,055 |
| 8 | Indianapolis | $1,050 |
| 9 | Evansville | $1,045 |
| 10 | Jeffersonville | $1,038 |
| 11 | Kokomo | $1,031 |
| 12 | Anderson | $1,011 |
| 13 | Fishers | $983 |
| 14 | Fort Wayne | $976 |
| 15 | Columbus | $975 |
| 16 | Mishawaka | $974 |
| 17 | Bloomington | $968 |
| 18 | Muncie | $965 |
| 19 | Richmond | $964 |
| 20 | Greenwood | $960 |
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Rate information is comparative as specific Fort Wayne zip code can alter coverage rates greatly.
How much more does full coverage cost?
Saving money when shopping for insurance is the goal of most people, and a great way to reduce the cost of insurance for good drivers is to only pay for liability coverage. The information below illustrates the difference between yearly insurance costs with full coverage and liability only. The data assumes no claims or driving violations, $100 deductibles, single status, and no other discounts are factored in.
Averaged for all age groups, comp and collision coverage costs an extra $1,613 per year over having just liability coverage. That is a big expense that brings up the question if paying for full coverage is a waste of money. There is no set rule for dropping comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
Get discount Fort Wayne auto insurance
Auto insurance companies that offer cheap quotes for good drivers may provide discounts that can lower rates by as much as 30% if you can meet the requirements. Large insurance companies and their possible discounts are detailed below.
- Progressive may offer discounts for online signing, homeowner, online quote discount, multi-policy, good student, multi-vehicle, and continuous coverage.
- Farmers Insurance offers premium reductions for mature driver, homeowner, business and professional, pay in full, switch companies, good student, and teen driver.
- Farm Bureau policyholders can earn discounts including safe driver, 55 and retired, renewal discount, multi-vehicle, driver training, and good student.
- State Farm has discounts for defensive driving training, passive restraint, multiple policy, good student, student away at school, safe vehicle, and driver’s education.
- GEICO offers discounts including seat belt use, anti-theft, emergency military deployment, military active duty, defensive driver, and multi-vehicle.
- SAFECO discounts include safe driver, drive less, multi-car, anti-lock brakes, teen safe driver, and bundle discounts.
- Liberty Mutual offers discounts for preferred payment discount, new vehicle discount, teen driver discount, multi-policy, safety features, multi-car, and newly married.
The diagram below illustrates the comparison of yearly insurance costs with and without discounts applied to the premium. The premiums assume a male driver, no claims or violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with safe-driver, vehicle safety, multiple policy, multiple vehicle, passive restraint, and defensive driving course discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for good drivers is 27% or $494.
The benefit of shopping around
Fort Wayne insurance rates are based on many factors which can significantly increase or decrease the policy price. Simply improving your credit, increasing liability limits, or having a fender bender can trigger changes in premium resulting in some rates now being cheaper than competitors.
Also, auto insurance companies modify pricing multiple times each year in order to be able to pay unexpected claims. An extended period of higher than normal claims may result in more expensive prices, while less frequent claims can cause lower-cost Fort Wayne car insurance rates.
The chart below shows rates for the cheapest car insurance in Fort Wayne, IN for a 45-year-old female driver with no violations or accidents, and a high credit rating. If we look at prices based on her current situation, Travelers quotes the most affordable car insurance rates in Fort Wayne at $644 per year. This is $596 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also included in the best Fort Wayne, IN auto insurance companies.
Now let’s give the driver in the first example a chargeable accident, a little lower credit rating, and a few blemishes on her driving record. Since every car insurance company uses their own formula for determining rates, comparing prices could now result in a slightly different list of the cheapest car insurance companies in Fort Wayne as shown below.
Auto-Owners now has the lowest price on auto insurance in Fort Wayne with The Hartford, Cincinnati Insurance, USAA, and Nationwide now being in the top five. This example illustrates why Fort Wayne drivers need to perform an extensive rate comparison when trying to get the best auto insurance rates for good drivers.
Car insurance prices consist of many things and can increase or decrease at any time, so the most economical company when you last compared rates may now be one of the higher cost companies.
If you have questions and prefer to have a consultation when trying to find the best insurance rates for good drivers, the agents listed below can probably answer your questions and help you decide which insurance coverage will be best for you.
To find a Fort Wayne insurance agency using an interactive map, click the button after the list or click here to get price quotes now.
- Synergy Financial Group
9326 Coldwater Rd – Fort Wayne, IN 46825 – (260) 490-8822 - Allstate Insurance: Rolly Bhargava
4660 W Jefferson Blvd Ste 100 – Fort Wayne, IN 46804 – (260) 459-7673 - Sourceone Group
6628 Constitution Dr – Fort Wayne, IN 46804 – (260) 436-3544 - G A MacDonald Associates
2200 Lake Ave #120 – Fort Wayne, IN 46805 – (260) 422-5377 - Allstate Insurance: Susan L. Law
5308 St Joe Rd – Fort Wayne, IN 46835 – (260) 492-6254
More insurance agents in Fort Wayne, IN
How to find more affordable auto insurance for good drivers
It is possible to find better rates, and here are many money-saving suggestions that can help Indiana drivers quote cheap car insurance.
- Do not pay for full coverage on older vehicles
- Raise comprehensive and collision coverage deductibles
- Maintain a clean driving record
- Do not get into accidents
- Improve your credit rating
- Get cheaper liability coverage by choosing a safer vehicle
- Shop around for cheaper rates regularly
That last tip is very vital, as was emphasized in this piece. Coverage rates in Fort Wayne change frequently, so don’t be afraid to change insurance companies if a cheaper price is available.
We understand brand loyalty, but we do not recommend it if your bullheadedness ends up costing you a wad of cash every year. Take a couple minutes and compare rates and find cheaper insurance for good drivers.