In a perfect world, we could just tell you the one company in Fort Wayne that has the most affordable coverage in Indiana. It’s not that simple, unfortunately, as there are a ton of unknown elements such as whether you are male or female, the area where you live, and your age, that all impact the price you pay. The information below covers the things that cause high insurance rates and also should give you a good start to your coverage search.
For high risk drivers, one of the largest criteria that aid in calculating the amount you pay each year for auto insurance is your zip code. Regions with larger populations or more claims will most likely pay more, whereas areas with less congestion have the luxury of lower rates.
The information below ranks the highest-priced areas in Indiana for drivers requiring a SR22 to buy an auto insurance policy in. Fort Wayne comes in at #17 costing $976 for the average insurance policy, which is approximately $81 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Gary | $1,401 |
| 2 | Hammond | $1,327 |
| 3 | Portage | $1,137 |
| 4 | Merrillville | $1,128 |
| 5 | Lawrence | $1,088 |
| 6 | Evansville | $1,077 |
| 7 | Terre Haute | $1,077 |
| 8 | Indianapolis | $1,060 |
| 9 | New Albany | $1,059 |
| 10 | Jeffersonville | $1,048 |
| 11 | Anderson | $1,031 |
| 12 | Kokomo | $1,001 |
| 13 | South Bend | $985 |
| 14 | Elkhart | $985 |
| 15 | Columbus | $984 |
| 16 | Fishers | $983 |
| 17 | Fort Wayne | $976 |
| 18 | Mishawaka | $974 |
| 19 | Greenwood | $969 |
| 20 | Bloomington | $968 |
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Information shown are estimated as the specific area where the vehicle is garaged can modify premium rates substantially.
The vehicle model on the policy is a large consideration when consumers are trying to find cheaper insurance for drivers requiring a SR22. Vehicles with high performance, poor crash test ratings, or a track record of large liability claims will cost much more to insure than more modest models. The next list features insurance rates for a number of the cheapest vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $3,080 |
| Ford Escape Limited 4WD | $3,244 |
| Toyota Prius | $3,386 |
| Dodge Grand Caravan CV | $3,447 |
| Chevrolet Impala LS | $3,578 |
| Ford F-150 XL Crew Cab 2WD | $3,595 |
| Toyota RAV4 Sport 2WD | $3,611 |
| Ford Focus SE 4-Dr Sedan | $3,680 |
| Toyota Camry LE | $3,718 |
| Chevrolet Equinox LS 2WD | $3,727 |
| Jeep Grand Cherokee Laredo 2WD | $3,718 |
| Ford Explorer Eddie Bauer 4WD | $3,755 |
| Volkswagen Jetta LE 4-Dr Sedan | $3,757 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $3,799 |
| Chevrolet Silverado LTZ Crew Cab 4WD | $3,811 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $3,884 |
| Ford Edge Sport AWD | $3,922 |
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Table data represents single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in the specific area where the vehicle is garaged which can modify insurance rates noticeably.
Looking at the numbers, we can tell that makes and models like the Honda CR-V, Ford Escape, and Toyota Prius are most likely going to be some of the cheapest vehicles to insure for high risk drivers. Rates will tend to be higher because of the fact that there is more liability risk for drivers requiring a SR22, but overall those specific models will have the least expensive rates that you are likely to find.
The example below demonstrates how choosing different deductibles can influence annual premium costs when quoting cheap insurance for drivers requiring a SR22. The price estimates are based on a single female driver, full physical damage coverage, and no policy discounts are applied.
In the chart above, a 40-year-old driver could reduce rates by $222 a year by changing from a $100 deductible to a $500 deductible, or save $334 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old example, could lower their rates as much as $566 annually by using higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it will now be necessary to have enough spare savings to satisfy the extra out-of-pocket expense that comes with higher deductibles.
How to get discounts on Fort Wayne insurance
Auto insurance companies that offer coverage for drivers requiring a SR22 may provide premium discounts that could lower prices by as much as 40% or more if you meet specific criteria. Companies and some of the premium reductions they offer are:
- Progressive has discounts for homeowner, continuous coverage, multi-policy, multi-vehicle, online signing, good student, and online quote discount.
- SAFECO policyholders can earn discounts including safe driver, anti-lock brakes, accident prevention training, homeowner, anti-theft, and teen safety rewards.
- American Family may include discounts for early bird, defensive driver, good student, good driver, TimeAway discount, air bags, and bundled insurance.
- MetLife offers discounts for defensive driver, good driver, claim-free, good student, and accident-free.
- GEICO offers premium reductions for anti-theft, emergency military deployment, membership and employees, military active duty, and defensive driver.
- The Hartford may have discounts that include driver training, good student, bundle, defensive driver, air bag, anti-theft, and vehicle fuel type.
The information below visualizes the comparison of insurance rates with and without discounts applied. The premiums are based on a female driver, one accident and three citations, Indiana state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with continuous coverage, homeowner, marriage, passive restraint, vehicle safety, and multiple policy discounts applied. With discounts applied, the average savings per year on insurance for drivers requiring a SR22 is 28% or $879.
Tickets and at-fault accidents raise rates
In a perfect world, the best way to snag low insurance rates in Indiana for high risk drivers is to be a careful driver and avoid at-fault accidents and violations. The diagram below illustrates how speeding tickets and accidents drive up annual premium costs for each age group. The rates are based on a married female driver, full coverage, $500 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of a car insurance policy per year with no accidents or violations is $1,357. Get written up for one speeding ticket and the average cost jumps to $1,582, an increase of $225 each year. Then add two accidents along with the one speeding ticket and the 12-month cost of insurance for drivers requiring a SR22 increases to an average of $3,624. That’s an increase of $2,267, or $189 per month, just for not driving responsibly!