Finding good, cost effective auto insurance is confusing at best, and deciding which company quotes the most affordable auto insurance rates for nurses will require even more shopping around. Every car insurance company has a unique formula for setting rates, so we need to take a look at the most affordable auto insurance companies in Fort Wayne.
It’s a good idea to be aware that Fort Wayne auto insurance rates are impacted by many factors that can increase the price of your policy. Simply getting older, buying a home instead of renting, or getting a driving violation may prompt premium changes that can make some companies more affordable than before.
Find the Cheapest Auto Insurance for Health Occupations
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $602 |
| 2 | Cincinnati Insurance | $664 |
| 3 | USAA | $681 |
| 4 | Erie | $705 |
| 5 | Indiana Farmers Mutual | $841 |
| 6 | Western Reserve | $864 |
| 7 | The Hartford | $889 |
| 8 | Auto-Owners | $906 |
| 9 | Nationwide | $940 |
| 10 | Utica National | $965 |
| 11 | Safeco | $983 |
| 12 | State Farm | $987 |
| 13 | Motorists Mutual | $996 |
| 14 | Hastings Mutual | $1,003 |
| 15 | Westfield | $1,061 |
| 16 | Farmers | $1,064 |
| 17 | Wolverine Mutual | $1,072 |
| 18 | GEICO | $1,089 |
| 19 | Progressive | $1,106 |
| 20 | State Auto | $1,131 |
| Get Personalized Rates Go | ||
Travelers has some of the cheapest car insurance rates in Fort Wayne at around $602 per year. This is $638 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also rank well as some of the most economical Fort Wayne, IN auto insurance companies.
As the rates illustrate above, if you currently have coverage with Cincinnati Insurance and switched to Travelers, you could see annual savings of in the neighborhood of $62. Indiana drivers with USAA may save as much as $79 a year, and Erie insureds might reduce prices by as much as $103 a year.
If you want to find out if you’re overpaying, click here to begin a quote or click through to the companies below.
It’s important to note that these estimates are averaged for all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for nurses. 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 emphasizes why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
One of the many considerations that aid in calculating auto insurance rates is where you keep your vehicle in Fort Wayne. Larger areas tend to have higher rates, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.
The following table rates the highest-priced areas in Indiana for nurses to buy an auto insurance policy in. Fort Wayne comes in at #22 with an annual premium of $947 for the average insured, which is approximately $79 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,388 |
| 2 | Hammond | $1,275 |
| 3 | Lawrence | $1,099 |
| 4 | Merrillville | $1,095 |
| 5 | Portage | $1,093 |
| 6 | Indianapolis | $1,092 |
| 7 | Jeffersonville | $1,080 |
| 8 | New Albany | $1,070 |
| 9 | Evansville | $1,045 |
| 10 | Terre Haute | $1,035 |
| 11 | Anderson | $1,011 |
| 12 | Kokomo | $1,001 |
| 13 | Bloomington | $998 |
| 14 | Elkhart | $985 |
| 15 | Fishers | $983 |
| 16 | Columbus | $975 |
| 17 | Mishawaka | $974 |
| 18 | Greenwood | $969 |
| 19 | Noblesville | $958 |
| 20 | Carmel | $957 |
| Find Cheaper Insurance Go | ||
Rate quotes are approximated as the specific zip code location can lower or raise prices substantially.
Does full coverage make sense?
Finding cheaper auto insurance is probably important to most drivers, and an easy way to buy cheaper insurance for nurses is to not pay for full coverage. The example below illustrates the difference between auto insurance costs with full coverage and liability only. The costs are based on no claims or driving citations, $500 deductibles, marital status is single, and no policy discounts are applied.
As an overall average, physical damage insurance costs $1,771 per year more than buying just liability insurance. That is a large expense which might make you wonder if you should buy full coverage. There is no definitive rule to drop physical damage coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s say your vehicle’s claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after paying your deductible. If premium cost is more than $400 annually for full coverage, then you might want to think about dropping full coverage.
The chart below shows how different deductible levels can raise or lower yearly insurance costs when searching for cheap insurance for nurses. The premium estimates are based on a married female driver, full coverage, and no discounts are factored in.
In the chart above, a 30-year-old driver could lower their car insurance rates by $222 a year by changing from a $100 deductible to a $500 deductible, or save $334 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 category, could lower their rates $476 every year just by choosing larger deductibles.
When using a larger deductible, it is essential to have emergency funds available to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
How to find budget-friendly car insurance for nurses
Below you’ll find many money-saving suggestions that can help drivers get cheap auto insurance.
- Buying home and auto insurance together can earn discounts
- If your vehicles are older, consider dropping full coverage
- Good credit can save money
- Frequent claims will increase rates
- Increase the comprehensive and collision deductibles on your policy
- Safer vehicles generally have cheaper insurance rates
- Compare quotes from other companies often
The last idea is remarkably critical, as we emphasized in this write-up. Coverage rates can change considerably in a year, so don’t hesitate to switch to a new company if you find a cheaper price.
Having a favorite company is fine, but it’s not recommended if that loyalty results in overpaying a wad of cash every year. Spend a few minutes and compare rates to find cheaper auto insurance for nurses in Fort Wayne.
The agents shown below can probably help you make a decision which insurance coverage you need, as lots of people like to have a professional recommendation when trying to find lower insurance rates for health professionals. It can be difficult to find the best policy yourself, so insurance agents can bring satisfaction knowing your coverage gives you decent coverage if you have a claim. To locate a Fort Wayne insurance agent closest to you, click the button at the bottom of the list or click here to compare rates now.
- Larry Ice II – State Farm Insurance Agent
6221 Maplecrest Rd – Fort Wayne, IN 46835 – (260) 484-8572 - Sam Till Jr – State Farm Insurance Agent
615 Goshen Ave – Fort Wayne, IN 46808 – (260) 482-9623 - Allstate Insurance: Merle K. Maples
3017 E State Blvd – Fort Wayne, IN 46805 – (260) 483-6583 - Lupke Rice Insurance-Financial
127 W Berry St # 500 – Fort Wayne, IN 46802 – (260) 424-4150