After a few driving violations, one of the more important things that are looked at to determine auto insurance rates is where your car is garaged in Fort Wayne. More populated areas will most likely have higher rates, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.
The next table ranks the priciest cities in Indiana with multiple speeding tickets to purchase auto insurance in. Fort Wayne is listed at #21 costing $947 for coverage, which is about $79 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,347 |
| 2 | Hammond | $1,275 |
| 3 | Portage | $1,137 |
| 4 | Merrillville | $1,106 |
| 5 | Lawrence | $1,088 |
| 6 | Indianapolis | $1,082 |
| 7 | Jeffersonville | $1,080 |
| 8 | Evansville | $1,077 |
| 9 | Terre Haute | $1,067 |
| 10 | Kokomo | $1,041 |
| 11 | New Albany | $1,028 |
| 12 | Anderson | $1,011 |
| 13 | South Bend | $985 |
| 14 | Elkhart | $985 |
| 15 | Fishers | $974 |
| 16 | Greenwood | $969 |
| 17 | Mishawaka | $965 |
| 18 | Muncie | $965 |
| 19 | Richmond | $964 |
| 20 | Bloomington | $958 |
| 21 | Fort Wayne | $947 |
| 22 | Columbus | $946 |
| 23 | Noblesville | $930 |
| 24 | Carmel | $919 |
| 25 | Lafayette | $890 |
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Information shown are approximated as the vehicle garaging location can increase or decrease price quotes considerably.
Finding dependable, cost effective car insurance is easier said than done, and figuring out which company has the best car insurance rates with multiple speeding tickets will involve more quotes for comparison. Each auto insurer uses a slightly different approach to set premium rates, so let’s begin by examining the most budget-friendly car insurance companies in Indiana.
It’s important that readers know that Indiana car insurance rates are based on many factors that can increase your annual premium. This price variability is why it is crucial to do a thorough rate comparison to get the most economical auto insurance quotes with multiple speeding tickets. Prices are influenced by many factors and can increase or decrease at any time, so the cheapest company a year ago may now be quite expensive.
Find Cheaper Car Insurance with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $614 |
| 2 | Cincinnati Insurance | $658 |
| 3 | USAA | $687 |
| 4 | Erie | $733 |
| 5 | Western Reserve | $846 |
| 6 | Indiana Farmers Mutual | $849 |
| 7 | The Hartford | $889 |
| 8 | Auto-Owners | $915 |
| 9 | Motorists Mutual | $956 |
| 10 | Nationwide | $958 |
| 11 | Safeco | $983 |
| 12 | State Farm | $987 |
| 13 | Utica National | $995 |
| 14 | Hastings Mutual | $1,013 |
| 15 | Wolverine Mutual | $1,061 |
| 16 | Farmers | $1,064 |
| 17 | Westfield | $1,072 |
| 18 | State Auto | $1,098 |
| 19 | Progressive | $1,128 |
| 20 | GEICO | $1,133 |
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Travelers may offer some of the cheapest car insurance rates in Fort Wayne at around $614 annually. This is $626 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the cut as some of the cheapest Fort Wayne, IN car insurance companies.
As shown in the table above, if you currently have coverage with USAA and switched to Travelers, you may realize an annual savings of approximately $73. Drivers with Erie might save as much as $119 a year, and Western Reserve customers might lower prices by $232 a year.
Remember that these premiums are averages across all ages of drivers and types of vehicles and and are not calculated with a specific location with multiple speeding tickets. So the car insurance company that has the lowest price for you may not even be in the list above. That illustrates why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
Rate comparison of full coverage and liability-only
Paying less for car insurance is probably important to the majority of vehicle owners, and a good way to reduce the cost of insurance with multiple speeding tickets is to not buy full coverage. The chart below shows the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Indiana. The prices are based on no claims or violations, $500 deductibles, drivers are single, and no additional discounts are factored in.
Averaged out for all age groups, physical damage coverage on your policy costs $1,328 per year more than just buying liability only. That is a significant amount which raises the question if it’s worth it to buy full coverage. There is no clear-cut rule to eliminate full coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
Which car insurance company is best in Fort Wayne?
Picking the right insurance provider can be challenging considering how many companies sell coverage in Fort Wayne. The company ratings below can help you decide which providers you want to consider comparing prices from. The rankings below are for large insurance companies, so companies that may only write in Indiana are not factored into the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
The example below illustrates how your choice of deductibles can affect insurance premiums when searching for cheap insurance with multiple speeding tickets. The data assumes a married female driver, full coverage, and no discounts are applied.
The chart above illustrates that a 50-year-old driver could lower rates by $266 a year by increasing from a $100 deductible to a $500 deductible, or save $402 by changing to a $1,000 deductible. Young drivers, like the age 20 example, have the ability to save up to $662 each year just by choosing higher deductibles when buying full coverage.
When using a larger deductible, it is essential to have additional funds squirreled away to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Why you should be shopping around
Fort Wayne, IN car insurance rates are calculated based on many things which can substantially change your annual premium. Turning one year older, buying higher coverage limits, or getting a DUI can produce rate changes that may make certain companies much cheaper than others.
In addition to those changes, companies file new Indiana auto insurance rates every year to help ensure profitability. Significantly higher claims may cause rate hikes, while a lower level of claims may result in cheaper Fort Wayne car insurance rates.
The data below shows the company with the cheapest car insurance in Fort Wayne, IN for a 35-year-old male driver with a clear driving record, no claims, and solid credit. When quoting prices based on his personal profile, Travelers might quote the cheapest car insurance rates in Fort Wayne at $634 annually. This is $606 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are also included in the best Fort Wayne, IN auto insurance companies.
The next chart shows rates after we give the driver in the first example a claim surcharge, slightly worse credit, and a traffic citation. Since each company has a proprietary method to set policy rates, comparing prices may now result in a different ranking of the cheapest companies as shown below.
Auto-Owners now has the best price in Fort Wayne, IN with The Hartford, Cincinnati Insurance, Nationwide, and Safeco also being competitive. This example demonstrates why consumers need to take the time to compare rates to find cheap insurance rates with multiple speeding tickets.
Rates are influenced by many different factors and can increase or decrease at any time, so the most economical company the last time you shopped around may now be quite expensive.