The vehicle model you are seeking coverage for is one of the biggest factors that determines whether or not you can buy the best car insurance for hybrid vehicles. Vehicles with economical engines, advanced safety features, or a track record of few liability claims will cost much less to insure than high performance models. The next list ranks car insurance prices for a handful of the most cost-effective vehicles to insure in Indiana.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford F-150 XL Regular Cab 2WD | $879 |
| Honda CR-V EX 2WD | $931 |
| Ford Escape XLS 2WD | $940 |
| Honda Accord LX-P 4-Dr Sedan | $958 |
| Toyota Camry LE | $1,008 |
| Toyota RAV4 4WD | $1,016 |
| Ford Fusion S 4-Dr Sedan | $1,008 |
| Toyota Prius | $1,037 |
| Dodge Grand Caravan CV | $1,039 |
| Ford Focus SES 4-Dr Sedan | $1,043 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,054 |
| Toyota Corolla S | $1,062 |
| Ford Edge Limited AWD | $1,068 |
| Chevrolet Silverado LS Crew Cab 4WD | $1,081 |
| Ford Explorer Eddie Bauer 2WD | $1,088 |
| Dodge Ram Crew Cab SLT 2WD | $1,097 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,124 |
| Find Cheaper Rates Go | |
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price information does not factor in specific Fort Wayne, IN garaging location which can increase or decrease coverage prices greatly.
Based upon the table data, we can assume that cars like the Ford F-150, Honda CR-V, Ford Escape, and Honda Accord are going to be a few of the most budget-friendly vehicles to insure for hybrids.
One of the more important components that are used to help calculate car insurance rates is the neighborhood you call home in Fort Wayne. Areas with a lot of weather claims or more people will most likely have higher rates, whereas areas that tend to be more rural benefit from lower rates.
The table below ranks the highest-priced places in Indiana for hybrid vehicles in which to purchase auto insurance. Fort Wayne is listed at #18 having an annual price of $947 for car insurance, which is approximately $79 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Gary | $1,347 |
| 2 | Hammond | $1,288 |
| 3 | Merrillville | $1,139 |
| 4 | Portage | $1,093 |
| 5 | Indianapolis | $1,082 |
| 6 | Evansville | $1,077 |
| 7 | New Albany | $1,059 |
| 8 | Lawrence | $1,055 |
| 9 | Terre Haute | $1,045 |
| 10 | Jeffersonville | $1,038 |
| 11 | Anderson | $1,011 |
| 12 | Kokomo | $1,011 |
| 13 | Elkhart | $995 |
| 14 | Fishers | $983 |
| 15 | Greenwood | $969 |
| 16 | Bloomington | $958 |
| 17 | Carmel | $957 |
| 18 | Fort Wayne | $947 |
| 19 | South Bend | $947 |
| 20 | Columbus | $946 |
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Annual rates are estimated as the garaging address in Fort Wayne can modify premium rates significantly.
Finding reliable, affordable insurance is difficult, and finding out which insurers offer the cheapest car insurance rates for hybrid vehicles will take additional perseverance. Each insurance company uses their own method for determining prices, so we’ll go over the car insurance companies with the most affordable rates in Indiana.
Cheapest Insurance Rates for Hybrids
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $614 |
| 2 | Cincinnati Insurance | $664 |
| 3 | USAA | $687 |
| 4 | Erie | $726 |
| 5 | Indiana Farmers Mutual | $849 |
| 6 | Western Reserve | $872 |
| 7 | The Hartford | $881 |
| 8 | Auto-Owners | $888 |
| 9 | Nationwide | $930 |
| 10 | Motorists Mutual | $966 |
| 11 | Hastings Mutual | $983 |
| 12 | Utica National | $985 |
| 13 | State Farm | $997 |
| 14 | Safeco | $1,013 |
| 15 | Farmers | $1,053 |
| 16 | Westfield | $1,072 |
| 17 | State Auto | $1,087 |
| 18 | GEICO | $1,089 |
| 19 | Wolverine Mutual | $1,105 |
| 20 | Progressive | $1,128 |
| Quote Your Rates Go | ||
Travelers normally has some of the cheapest car insurance rates in Fort Wayne at around $614 per year. This is $626 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also are some of the cheaper Fort Wayne, IN auto insurance companies.
As shown above, if you are currently insured with Indiana Farmers Mutual and switched to Cincinnati Insurance, you might realize a yearly savings of upwards of $185. Policyholders with Western Reserve might save as much as $208 a year, and The Hartford customers might reduce rates by $217 a year.
These policy prices are averages across all drivers and vehicles and do not take into consideration a specific vehicle garaging location for hybrid vehicles. So the auto insurance company that is most affordable for your situation may not even be in the top 36 companies shown above. That’s why you need to get quotes using your own specific driver information and vehicle.
Bad driving habits will cost you more
The easiest method to earn affordable car insurance prices in Fort Wayne for hybrids is to drive cautiously and avoid accidents and keep your driving record clean. The illustration below illustrates how violations and fender-benders can influence insurance rates for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
The chart shows that the average cost of car insurance per year with a clean driving record and no accidents is $1,133. Receive one speeding ticket and the average cost surges to $1,302, an increase of $168 each year. Now add one accident along with the one speeding ticket and the yearly cost of car insurance for hybrid vehicles goes up to an average of $1,769. That’s an increase of $635, or $53 per month, just for not paying attention while driving!
Cost difference between full coverage and liability
Paying less for car insurance is important to the majority of vehicle owners, and a good way to pay less for insurance for hybrid vehicles is to buy liability only. The information below illustrates the difference between yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Indiana. The data is based on no claims or driving violations, $1,000 deductibles, single marital status, and no additional discounts are factored in.
As an average, physical damage coverage on your policy costs an extra $1,184 per year over and above liability only. That touches on the question if full coverage is worth the money. There is no clear-cut rule to delete physical damage coverage, but there is a general convention. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s book value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $9,000 after paying the physical damage deductible. If premiums are more than $900 a year to have full coverage, then you might want to think about dropping full coverage.
How to get discounts on Fort Wayne insurance
Insurance providers that provide coverage for hybrid vehicles may also provide special discounts that could potentially reduce rates by as much as 35% or more if you qualify. A few of the larger companies and a selection of discounts include:
- GEICO may have discounts that include five-year accident-free, military active duty, federal employee, anti-theft, daytime running lights, driver training, and defensive driver.
- USAA has discounts for good student, family discount, multi-policy, multi-vehicle, annual mileage, safe driver, and loyalty savings.
- Progressive policyholders can earn discounts including multi-vehicle, good student, online signing, continuous coverage, and multi-policy.
- American Family discounts include defensive driver, bundled insurance, mySafetyValet, multi-vehicle, accident-free, good student, and Steer into Savings.
- Esurance offers premium reductions for homeowner, Switch & Save, anti-theft, anti-lock brakes, DriveSense, Pac-12 alumni, and online shopper.
- Farmers Insurance may include discounts for pay in full, homeowner, distant student, good student, multi-car, and switch companies.
- State Farm offers discounts including anti-theft, passive restraint, defensive driving training, Steer Clear safe driver discount, and multiple autos.
The illustration below shows the difference between insurance costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, no claims or violations, Indiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with marriage, claim-free, defensive driving course, multiple policy, multiple vehicle, and anti-theft discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for hybrid vehicles is 28% or $312.