The words “cheap” and “insurance” really should not be used together, especially when looking for the lowest insurance rates for a learners permit. To help control this cost, let’s learn about some of the things that can significantly affect insurance prices, and find out if we can help you reduce the price of your next policy.
One of the many considerations that are looked at to help calculate the price you pay for insurance is your address in Fort Wayne. More densely populated places tend to have more expensive auto insurance rates, whereas less populated areas have the luxury of cheap car insurance rates.
The following table sorts the highest-priced areas in Indiana for a learners permit to buy an auto insurance policy in. Fort Wayne comes in at #17 having an annual price of $947 on average, which is about $79 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,388 |
| 2 | Hammond | $1,288 |
| 3 | Merrillville | $1,106 |
| 4 | Portage | $1,104 |
| 5 | Lawrence | $1,088 |
| 6 | Evansville | $1,087 |
| 7 | Jeffersonville | $1,070 |
| 8 | Indianapolis | $1,050 |
| 9 | Terre Haute | $1,045 |
| 10 | New Albany | $1,039 |
| 11 | Anderson | $1,001 |
| 12 | Kokomo | $1,001 |
| 13 | Bloomington | $998 |
| 14 | Columbus | $984 |
| 15 | Elkhart | $956 |
| 16 | Muncie | $955 |
| 17 | Fort Wayne | $947 |
| 18 | South Bend | $947 |
| 19 | Carmel | $947 |
| 20 | Fishers | $945 |
| 21 | Greenwood | $941 |
| 22 | Mishawaka | $936 |
| 23 | Richmond | $935 |
| 24 | Noblesville | $920 |
| 25 | Lafayette | $899 |
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Rate quotes are comparative as specific Fort Wayne garaging address can influence premium rates significantly.
Finding out which company has the cheapest car insurance rates for a learners permit may require a little more effort in order to find the best price. Every auto insurer has a different formula to set their prices, so let’s take a look at the lowest cost car insurance companies in Fort Wayne.
It’s a good idea to be aware that Indiana car insurance rates are based on many factors that can increase the policy premium. Simply having another birthday, buying a home instead of renting, or having an accident may cause policy rate changes that may make certain companies cheaper than before.
Cheapest Insurance Rates in Indiana
Travelers may offer some of the lowest car insurance rates in Fort Wayne at around $620 annually. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual would also be considered some of the most economical Fort Wayne, IN insurance companies.
In the above example, if you buy coverage from Cincinnati Insurance and switched to Travelers, you may see an annual savings of in the neighborhood of $38. Customers with USAA may save as much as $41 a year, and Erie insureds might reduce prices by as much as $85 a year.
If you want to see how much you could save, click here to start your custom quote or visit any of the low-priced companies below.
Understand that those prices are averages for all types of insureds and vehicles and do not factor in a specific location for a learners permit. So the company that can offer you the lowest price may not even be in the top 36 companies shown above. That points out the importance of why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.
Get discount Fort Wayne insurance rates
Insurance companies that provide policies for a learners permit may also provide discounts that can reduce rates by 25% or more if you meet specific criteria. A list of car insurance companies and a summarized list of policyholder discounts can be found below.
- GEICO may have discounts that include driver training, federal employee, good student, membership and employees, and anti-theft.
- SAFECO policyholders can earn discounts including teen safety rewards, bundle discounts, anti-theft, teen safe driver, and multi-car.
- State Farm offers premium reductions for passive restraint, driver’s education, Drive Safe & Save, multiple autos, multiple policy, good driver, and Steer Clear safe driver discount.
- MetLife includes discounts for defensive driver, accident-free, claim-free, good student, and multi-policy.
- 21st Century has discounts for driver training, 55 and older, anti-lock brakes, homeowners, early bird, defensive driver, and theft prevention.
- Progressive may include discounts for multi-policy, homeowner, continuous coverage, good student, online quote discount, and multi-vehicle.
The information below compares car insurance costs with and without policy discounts. The data assumes a female driver, no accidents, no driving violations, Indiana state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with paperless filing, continuous coverage, good student, paid-in-full, anti-theft, and vehicle safety discounts applied. When drivers qualify for the discounts, theamount saved on car insurance for a learners permit is 28% or $609.
Choosing a high-quality company is hard considering how many choices drivers have in Fort Wayne. The rank data listed below may help you pick which car insurance providers you want to consider when comparing rate quotes. These rankings are only comprised of companies with a national presence, so companies that have a smaller presence are not taken into consideration for 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 |
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Data Source: Insure.com Best Car Insurance Companies
Should you buy full coverage?
Lowering the price of car insurance is the goal of most vehicle owners, and a great way to find cheaper insurance for a learners permit is to not buy full coverage. The diagram below illustrates the comparison of insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no claims, a clean driving record, $100 deductibles, marital status is single, and no policy discounts are applied.
Averaged out for all age groups, physical damage coverage costs an additional $1,797 per year over liability only. A very common question is if buying full coverage is a waste of money. There is no specific rule that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
There are some situations where buying only liability insurance is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.