The words “cheap” and “auto insurance” probably shouldn’t be used in the same sentence, in particular when you are looking for the cheapest auto insurance for low mileage drivers. Because it’s so expensive, let’s teach you some of the factors that influence auto insurance prices, and see if you can reduce the cost of your next policy.
The car, truck, or SUV you are insuring is one of the largest considerations that determines the availability of cheaper car insurance for low mileage drivers. Vehicles with high performance engines, poor crash test ratings, or an increased likelihood of liability claims will cost quite a bit more to insure than safer, lower-performance models. The list below shows insurance premiums for the cheapest automobiles to insure in Indiana.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $947 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,040 |
| Ford F-150 XL Crew Cab 2WD | $1,059 |
| Honda CR-V EX 4WD | $1,065 |
| Ford Escape XLS 2WD | $1,068 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,119 |
| Jeep Grand Cherokee Laredo 2WD | $1,121 |
| Toyota RAV4 Sport 4WD | $1,130 |
| Dodge Grand Caravan Hero | $1,121 |
| Ford Edge SE 2WD | $1,136 |
| Toyota Tacoma X-Runner 2WD | $1,180 |
| Toyota Corolla XLE | $1,189 |
| Toyota Prius | $1,184 |
| Find Cheaper Rates Go | |
Data rating is 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 homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Information does not factor in specific zip code location which can revise premiums greatly.
Based on these rates, we can assume that cars like the Honda Accord, Chevrolet Silverado, and Ford F-150 are most likely going to be some of the cheapest vehicles to insure for infrequent drivers.
Establishing which company has the cheapest car insurance rates for low mileage drivers will require a bit more work than just comparing rates from one or two companies.
Every auto insurer has their own process to set premium rates, so we’ll take a look at the most budget-friendly car insurance companies in Fort Wayne, IN.
Cheap Insurance Rates in Indiana
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $620 |
| 2 | Cincinnati Insurance | $658 |
| 3 | USAA | $687 |
| 4 | Erie | $726 |
| 5 | Western Reserve | $846 |
| 6 | Indiana Farmers Mutual | $875 |
| 7 | The Hartford | $889 |
| 8 | Auto-Owners | $915 |
| 9 | State Farm | $967 |
| 10 | Nationwide | $968 |
| 11 | Hastings Mutual | $983 |
| 12 | Utica National | $995 |
| 13 | Motorists Mutual | $996 |
| 14 | Safeco | $1,013 |
| 15 | Farmers | $1,064 |
| 16 | Wolverine Mutual | $1,072 |
| 17 | Westfield | $1,105 |
| 18 | Progressive | $1,106 |
| 19 | State Auto | $1,120 |
| 20 | GEICO | $1,133 |
| Get Personalized Rates Go | ||
Travelers offers some of the cheapest car insurance rates in Fort Wayne at around $620 per year. This is $620 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also some of the cheapest Fort Wayne, IN insurance companies.
In the above example, if you are a customer of Erie and switched to Travelers, you could earn savings of around $106. Indiana drivers with Western Reserve could save as much as $226 a year, and Indiana Farmers Mutual insureds might reduce rates by $255 a year.
Understand that those policy prices are averages across all drivers and vehicles in Indiana and do not factor in a specific location for low mileage drivers. So the auto insurance company that has the lowest price for you may not even be in the top 36 companies shown above. That points out the importance of why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
One of the many criteria that help determine the annual cost of car insurance is where you keep your car. Cities with larger populations will most likely have higher rates, whereas areas with less congestion have the luxury of cheap car insurance rates.
The illustration below ranks the highest-priced places in Indiana for low mileage drivers to purchase auto insurance in. Fort Wayne ranks #14 with an annual cost of $985 for the average insurance policy, which is around $82 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gary | $1,401 |
| 2 | Hammond | $1,288 |
| 3 | Portage | $1,137 |
| 4 | Merrillville | $1,106 |
| 5 | Lawrence | $1,099 |
| 6 | Indianapolis | $1,082 |
| 7 | New Albany | $1,070 |
| 8 | Evansville | $1,045 |
| 9 | Jeffersonville | $1,038 |
| 10 | Terre Haute | $1,035 |
| 11 | Kokomo | $1,031 |
| 12 | Anderson | $1,001 |
| 13 | Bloomington | $998 |
| 14 | Fort Wayne | $985 |
| 15 | Elkhart | $985 |
| 16 | Fishers | $983 |
| 17 | Columbus | $975 |
| 18 | Mishawaka | $974 |
| 19 | South Bend | $956 |
| 20 | Carmel | $947 |
| Quote Best Rates Go | ||
Prices are estimated as specific location information can raise or lower insurance rates greatly.
How to find a good Fort Wayne car insurance company
Finding the highest-rated car insurance company is difficult considering how many choices there are in Indiana. The company information displayed below may help you select which auto insurance companies you want to consider when shopping your coverage around. These ratings are for companies with a nationwide focus, so smaller companies are not factored into these rankings.
Top 10 Large Auto Insurance Providers in Fort Wayne Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- Allstate
- 21st Century
- Travelers
Top 10 Large Auto Insurance Providers in Fort Wayne Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Illustration showing the impact of accidents and violations
The common sense way to receive the best car insurance rates in Indiana for infrequent drivers is to be an attentive driver and not receive tickets or have accidents. The information below illustrates how violations and at-fault accidents drive up auto insurance costs for different insured age categories. The costs are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of auto insurance in Fort Wayne per year with no accidents and a clean driving record is $1,577. Get two speeding tickets and the average cost increases to $2,075, an increase of $499 each year. Now get one accident along with the two speeding tickets and the 12-month cost of car insurance for low mileage drivers jumps again to an average of $2,591. That’s an increase of $1,014, or $85 per month, just for not being more responsible behind the wheel!
How to find more affordable auto insurance for low mileage drivers
Below you’ll find a few thrifty ideas that can help Fort Wayne drivers locate low-cost coverage.
- Improve your credit
- Do not get traffic tickets
- Increase the comprehensive and collision deductibles on your policy
- Full coverage may not be needed on older vehicles
- Being accident-free can lower rates significantly
- Safe vehicles generally have lower rates
- Comparison shop at least once a year
The last tip is particularly important, as was affirmed in this piece. Auto insurance prices in Fort Wayne can change considerably in a year, so drivers shouldn’t be reluctant to change to a new company if you can save money. Sticking with a specific company is fine, but it isn’t a good idea if it’s costing you big bucks every year. In just a few minutes you could compare prices and find cheaper auto insurance for low mileage drivers.