The words “affordable” and “insurance” really shouldn’t be used together, especially when shopping around for the cheapest coverage for immigrants. To help control this cost, let’s open your eyes to some things that can significantly affect auto insurance premiums, and find out if we can help you reduce the cost of the next policy you buy.
Deciding which companies offer the most affordable insurance rates for immigrants will require a tad more effort than just picking a company at random. Every insurance provider has their own unique process to establish rates, so let’s take a look at the insurance companies with the overall cheapest rates in Indiana.
It’s important that you understand Indiana insurance rates are based on many factors which can substantially decrease or increase the cost of a policy. Getting older, buying a home, or getting a couple of tickets can trigger rate changes that can now make some companies more affordable than others.
Best Car Insurance Prices for Migrants
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $614 |
| 2 | USAA | $667 |
| 3 | Cincinnati Insurance | $678 |
| 4 | Erie | $726 |
| 5 | Western Reserve | $846 |
| 6 | Indiana Farmers Mutual | $849 |
| 7 | The Hartford | $863 |
| 8 | Auto-Owners | $879 |
| 9 | Nationwide | $940 |
| 10 | Utica National | $985 |
| 11 | Motorists Mutual | $996 |
| 12 | State Farm | $997 |
| 13 | Safeco | $1,003 |
| 14 | Hastings Mutual | $1,013 |
| 15 | Farmers | $1,033 |
| 16 | Westfield | $1,061 |
| 17 | State Auto | $1,087 |
| 18 | Wolverine Mutual | $1,094 |
| 19 | GEICO | $1,133 |
| 20 | Progressive | $1,139 |
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Travelers quotes some of the best car insurance rates in Fort Wayne at around $614 per year. USAA, Cincinnati Insurance, Erie, and Western Reserve are also some of the more affordable Fort Wayne, IN auto insurance companies.
In this example, if you buy coverage from Erie and switched to Travelers, you may realize savings of roughly $112. Customers with Western Reserve might save as much as $232 a year, and Indiana Farmers Mutual customers might realize rate reductions of up to $235 a year.
Remember that these policy prices are averaged across all insureds and vehicles and do not factor in an exact zip code location for immigrants. So the insurer that can offer the best rates for your situation may not even be in the top 36 companies shown above. That illustrates why you need to get auto insurance quotes using your own driver and vehicle profiles.
One of the more important factors that are used to help calculate the cost of insurance is where you normally keep your vehicle in Fort Wayne. Cities with larger populations or higher claim trends tend to pay more, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper car insurance.
The next table rates the most expensive places in Indiana for immigrants to buy car insurance in. Fort Wayne makes the list at #16 with a yearly premium of $976 for the average policyholder, which is about $81 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Gary | $1,388 |
| 2 | Hammond | $1,288 |
| 3 | Merrillville | $1,139 |
| 4 | Portage | $1,093 |
| 5 | Indianapolis | $1,092 |
| 6 | Evansville | $1,077 |
| 7 | Terre Haute | $1,077 |
| 8 | Jeffersonville | $1,070 |
| 9 | Lawrence | $1,066 |
| 10 | New Albany | $1,028 |
| 11 | Anderson | $1,011 |
| 12 | Kokomo | $1,001 |
| 13 | Bloomington | $988 |
| 14 | Elkhart | $985 |
| 15 | Columbus | $984 |
| 16 | Fort Wayne | $976 |
| 17 | Fishers | $974 |
| 18 | Richmond | $973 |
| 19 | Mishawaka | $965 |
| 20 | Greenwood | $960 |
| 21 | Muncie | $955 |
| 22 | Noblesville | $948 |
| 23 | South Bend | $947 |
| 24 | Carmel | $919 |
| 25 | Lafayette | $917 |
| Compare Rates Now Go | ||
Annual rates are approximated as specific location information can impact auto insurance rates greatly.
The vehicle model requiring coverage is one of the primary factors when shopping for the most affordable auto insurance for immigrants. Vehicles with lots of horsepower, a lack of safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer, lower-performance models. The information below showcases coverage costs for a selection of the cheaper vehicles to insure in Indiana.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $700 |
| Ford Focus S 4-Dr Sedan | $812 |
| Honda Odyssey EX W/Rear Entertainment | $820 |
| Honda Accord EX-L 4-Dr Sedan | $832 |
| Ford Escape Limited 4WD | $837 |
| Chevrolet Malibu LT | $847 |
| Toyota Prius | $853 |
| Dodge Grand Caravan SE | $857 |
| Ford F-150 FX2 Super Cab 2WD | $877 |
| Toyota RAV4 Sport 2WD | $904 |
| Volkswagen Jetta S 4-Dr Sedan | $912 |
| Ford Edge SE AWD | $906 |
| Chevrolet Impala LS | $913 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $914 |
| Chevrolet Silverado LS Regular Cab 2WD | $916 |
| Ford F-350 XLT Crew Cab Harley Edition 2WD | $922 |
| Ford Explorer Limited 2WD | $925 |
| Jeep Grand Cherokee Laredo 2WD | $929 |
| Nissan Rogue SL AWD | $933 |
| Honda Civic LX 4-Dr Sedan | $942 |
| Kia Optima EX | $949 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $955 |
| Toyota Camry XLE | $951 |
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Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Information does not factor in vehicle garaging location which can decrease or increase premium rates considerably.
Looking at the numbers, you can see that makes and models like the Honda CR-V, Ford Focus, Honda Odyssey, and Honda Accord will definitely be the most budget-friendly vehicles to insure for foreigners.
Responsible drivers pay cheaper Fort Wayne insurance rates
The easiest method to obtain the most affordable insurance premiums in Fort Wayne for foreigners is to drive safely and have a clean driving record. The chart below demonstrates how speeding tickets and fender-benders can influence yearly insurance costs for different age categories. The rate quotes are based on a single female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of car insurance per year with a clean driving record and no accidents is $1,686. Receive one speeding ticket and the average cost surges to $1,910, an increase of $225 each year. Then throw in one accident along with the one speeding ticket and the yearly cost of insurance for immigrants increases to an average of $2,546. That’s an increase of $861, or $72 per month, just for not keeping your driving record clean!
How much more does full coverage cost?
Saving on insurance is probably important to most vehicle owners, and one easy way to pay lower rates for insurance for immigrants is to buy only liability coverage. The example below visualizes the comparison of insurance costs with full coverage compared to only the Indiana minimum liability coverage. The premiums assume no accidents or driving violations, $100 deductibles, single status, and no additional discounts are factored in.
If we average all the age groups together, physical damage coverage on your policy costs an additional $1,797 per year over having just liability coverage. At some point, every insured wonders when is it a good idea to stop buying full coverage. There isn’t a written rule to delete physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
There are some scenarios where only buying liability is not advised. If you haven’t satisfied your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Discounts on Fort Wayne car insurance
Car insurance companies that offer coverage for immigrants may additionally offer premium discounts that could potentially reduce rates by 25% or more if you meet the requirements. A list of companies and their offered discounts are detailed below.
- Progressive may have discounts that include multi-policy, continuous coverage, multi-vehicle, good student, online signing, and homeowner.
- SAFECO offers premium reductions for safe driver, anti-theft, accident prevention training, anti-lock brakes, bundle discounts, and teen safety rewards.
- American Family policyholders can earn discounts including defensive driver, early bird, accident-free, air bags, bundled insurance, good driver, and Steer into Savings.
- MetLife may include discounts for claim-free, accident-free, good driver, good student, and defensive driver.
- GEICO includes discounts for military active duty, emergency military deployment, membership and employees, daytime running lights, and multi-vehicle.
- The Hartford offers discounts for bundle, defensive driver, driver training, vehicle fuel type, and air bag.
The diagram below illustrates the comparison of insurance rates with and without policy discounts. The price estimates are based on a male driver, a clean driving record, no claims, Indiana state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with claim-free, multiple vehicle, homeowner, multiple policy, marriage, and anti-theft discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on insurance for immigrants is 28% or $407.
Tips for buying the cheapest car insurance for immigrants
Here are some of the recommended money-saving solutions that can help you get lower-cost coverage.
- Ensure your driving record is clean
- Don’t waste money on full coverage for older vehicles
- Increase your comprehensive and collision deductibles
- Having too many claims will increase rates substantially
- Avoid accidents
- Compare quotes from other companies often
That last idea is certainly important, as we discussed in the prior article. Prices charged by companies can change considerably in a year, so drivers shouldn’t be reluctant to switch companies if a more affordable rate is found. Having a favorite company is great, but we do not recommend it if your bullheadedness ends up costing you a fortune every year. In less than five minutes you could compare prices to find cheaper auto insurance for immigrants in Fort Wayne.
The agencies below can most likely help you make a decision which insurance coverage will be best for you, since some people have coverage questions and would like to have some professional guidance when shopping for the best coverage for foreigners. It can be challenging to find the cheapest rate yourself, and a professional agent can give satisfaction knowing your policy gives you suitable coverage if you ever need to use it.
To locate a Fort Wayne insurance agent closest to you, click the button following the list.
- Scott Robinson – State Farm Insurance Agent
4705 Illinois Rd Ste 100 – Fort Wayne, IN 46804 – (260) 744-3218 - Allstate Insurance: Jeffrey W Griggs
4340 Maplecrest Rd – Fort Wayne, IN 46815 – (260) 486-3883 - Schultheis Agency Insurance
1910 St Joe Center Rd – Fort Wayne, IN 46825 – (260) 480-0208 - Mathews Insurance Agency, Inc.
807 Lincoln Hwy W – New Haven, IN 46774 – (260) 749-9696