The words “bargain” and “auto insurance” really shouldn’t be used in the same sentence, especially when you are trying to find the cheapest coverage for infrequent drivers. In an attempt to save some money, let’s start off by going over some of the things that have a considerable impact on insurance prices, and see how we can help you reduce the price of the next policy you buy.
For low mileage drivers, one of the big considerations that aid in calculating insurance cost is where you choose to live in Fort Wayne. Areas with more people or more claims tend to have more expensive car insurance rates, whereas more rural areas receive better rates.
The information below shows the priciest cities in Indiana for infrequent drivers to buy auto insurance in. Fort Wayne ranks #17 with a yearly premium of $976 for the average insurance policy, which is about $81 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Gary | $1,401 |
| 2 | Hammond | $1,327 |
| 3 | Merrillville | $1,128 |
| 4 | Portage | $1,093 |
| 5 | Lawrence | $1,066 |
| 6 | Indianapolis | $1,050 |
| 7 | Jeffersonville | $1,048 |
| 8 | Evansville | $1,045 |
| 9 | Terre Haute | $1,035 |
| 10 | Anderson | $1,031 |
| 11 | New Albany | $1,028 |
| 12 | Kokomo | $1,011 |
| 13 | Elkhart | $995 |
| 14 | Bloomington | $988 |
| 15 | Columbus | $984 |
| 16 | South Bend | $976 |
| 17 | Fort Wayne | $976 |
| 18 | Mishawaka | $965 |
| 19 | Greenwood | $960 |
| 20 | Carmel | $957 |
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Premium amounts are approximated as the specific zip code location can lower or raise premium rates significantly.
The type of vehicle requiring coverage is one of the main factors when shopping around for the cheapest car insurance for infrequent drivers. Vehicles with higher performance, a lack of safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer, lower-performance models. The list below illustrates insurance premiums for some of the most affordable vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $892 |
| Honda Accord EX 4-Dr Sedan | $977 |
| Toyota RAV4 Sport 4WD | $1,056 |
| Ford Escape Limited 4WD | $1,062 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,094 |
| Chevrolet Impala LTZ | $1,113 |
| Toyota Prius | $1,115 |
| Ford Explorer XLT 2WD | $1,136 |
| Ford F-350 Super Cab Cabela Package 2WD | $1,153 |
| Chevrolet Malibu LS | $1,158 |
| Ford Edge SEL AWD | $1,164 |
| Honda Odyssey EX | $1,170 |
| Ford F-150 Lariat Super Cab 2WD | $1,177 |
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in specific location information which can change coverage rates considerably.
By looking at the data, you can expect makes and models like the Honda CR-V, Honda Accord, and Toyota RAV4 are likely to be the less-costly vehicles to insure for low mileage drivers.
Finding good, reasonably-priced car insurance is difficult, and deciding which insurers offer the best auto insurance rates for infrequent drivers involves a little more work. Each insurer has a unique formula for filing rates in each state, so first let’s look at the rankings for the auto insurance companies with the overall cheapest rates in Fort Wayne.
We do need to point out that Fort Wayne auto insurance rates are determined by lots of factors which can significantly increase or decrease the cost of having a policy. This is why consumers need to take the time to shop around when trying to find the most budget-friendly insurance rates for infrequent drivers. Insurance rates are determined by many factors and change substantially, so the cheapest company the last time you shopped your coverage around may now be an over-priced policy.
Best Car Insurance Prices in Indiana
Travelers quotes some of the most affordable car insurance rates in Fort Wayne at around $596 a year. This is $644 less than the average rate paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve also rank well as some of the lowest-priced Fort Wayne, IN car insurance companies.
As shown in the table above, if you are currently insured with USAA and switched to Travelers, you could realize an annual premium reduction of in the vicinity of $65. Indiana drivers with Cincinnati Insurance could save as much as $82 a year, and Erie policyholders might reduce prices by as much as $109 a year.
If you want to see how much you could save, click here to begin a quote or feel free to get quotes from the companies below.
Be aware that those policy rates are averages for all drivers and vehicles in Indiana and and are not figured with a vehicle location for infrequent drivers. So the insurer that is most affordable 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 specific driver and vehicle information.
The diagram below highlights how deductible choice can increase or decrease insurance premiums when getting quotes for cheap insurance for infrequent drivers. The rates are based on a married male driver, comp and collision included, and no discounts are taken into consideration.
In the chart above, a 40-year-old driver could lower their policy premium by $234 a year by changing from a $100 deductible up to a $500 deductible, or save $354 by choosing a $1,000 deductible. Youthful drivers, like the age 20 example, can save as much as $782 or even more by selecting a higher deductible.
If you make the decision to raise deductibles, it will now be necessary to have plenty of money set aside to be able to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Irresponsible driving raises your rates
The ideal way to enjoy low auto insurance rates in Fort Wayne for low mileage drivers is to drive attentively and not receive tickets or have accidents. The diagram below demonstrates how citations and at-fault claims can impact car insurance costs for different age categories. The premiums assume a single female driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of an auto insurance policy in Fort Wayne per year with a clean driving record and no accidents is $2,045. Get written up for two speeding tickets and the average cost surges to $2,753, an increase of $708 each year. Next add one accident along with the two speeding tickets and the yearly cost of auto insurance for infrequent drivers jumps again to an average of $3,479. That’s an increase of $1,434, or $120 per month, just for not being a responsible driver!
How to find more affordable car insurance for infrequent drivers
The list below shows some of the recommended penny-pinching suggestions that can help Indiana drivers buy lower-cost auto insurance.
- Claim-free policyholders usually earn a discount
- Bundle home and auto and save
- Higher comprehensive and collision coverage deductibles will save money
- Increase your credit rating
- Save money by only buying liability coverage for older vehicles
- Buy a safer vehicle
- Compare rate quotes often
The last suggestion is extremely critical, as we pointed out in this write-up. Insurance rates can change in a short period of time, so don’t be unwilling to switch to a new company if a more affordable rate is found.
Having a favorite company is fine, but it isn’t a good idea if that loyalty ends up costing a lot of money every month. Now is a great time to compare rates and find cheaper auto insurance for infrequent drivers in Fort Wayne.