You have probably seen the commercials from car insurance companies like GEICO and Allstate promising big savings. So drivers should just choose the one with the flashiest ad, right?
It’s not that simple, unfortunately, as there are a lot of unknown aspects such as if you need full coverage or liability-only, if you are a homeowner, and if you are currently insured, that all help calculate your car insurance rates. The content below will cover these things and educate you enough to have a good beginning to your quest for cheaper car insurance in Indiana.
For high mileage drivers, one of the big things that are looked at to determine the price you pay for insurance is where you live. More populated areas will most likely have higher rates, whereas areas that tend to be more rural have the luxury of lower rates.
The next table sorts the most costly cities in Indiana for high mileage drivers to purchase car insurance in. Fort Wayne is ranked #14 with a yearly premium of $976 for coverage, which is about $81 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Gary | $1,360 |
| 2 | Hammond | $1,327 |
| 3 | Merrillville | $1,128 |
| 4 | Lawrence | $1,099 |
| 5 | Portage | $1,093 |
| 6 | Indianapolis | $1,092 |
| 7 | Jeffersonville | $1,080 |
| 8 | New Albany | $1,070 |
| 9 | Evansville | $1,045 |
| 10 | Terre Haute | $1,035 |
| 11 | Anderson | $1,001 |
| 12 | Kokomo | $1,001 |
| 13 | Elkhart | $995 |
| 14 | Fort Wayne | $976 |
| 15 | Columbus | $975 |
| 16 | Greenwood | $969 |
| 17 | Bloomington | $968 |
| 18 | Noblesville | $958 |
| 19 | South Bend | $956 |
| 20 | Muncie | $955 |
| 21 | Fishers | $945 |
| 22 | Mishawaka | $945 |
| 23 | Richmond | $944 |
| 24 | Lafayette | $926 |
| 25 | Carmel | $919 |
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Rate information is approximated as the specific zip code location can affect rates significantly.
The vehicle model you are seeking coverage for is probably the largest consideration when comparing the most affordable coverage for high mileage drivers. Vehicles with lower acceleration and performance, modern passenger safety features, or a positive history of liability claims will cost substantially less to insure than high performance models.
The information below showcases auto insurance prices for a selection of the more affordable vehicles to buy coverage for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford F-150 XL Crew Cab 4WD | $1,004 |
| Honda Accord LX 4-Dr Sedan | $1,006 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,057 |
| Chevrolet Impala LTZ | $1,093 |
| Honda CR-V EX-L 4WD | $1,102 |
| Ford Escape Limited 2WD | $1,108 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,112 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,118 |
| Dodge Ram Quad Cab TRX4 Off Road 2WD | $1,134 |
| Honda Odyssey EX W/Rear Entertainment | $1,168 |
| Ford Focus S 4-Dr Sedan | $1,176 |
| Chevrolet Equinox LT 2WD | $1,189 |
| Dodge Grand Caravan Hero | $1,198 |
| Toyota Prius | $1,195 |
| Ford Explorer XLT AWD | $1,206 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,231 |
| Ford F-250 XL Turbo Diesel 2WD | $1,240 |
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Prices do not factor in vehicle location which can modify price quotes noticeably.
Based on these rates, we can expect cars like the Ford F-150, Honda Accord, Jeep Wrangler, and Chevrolet Impala are going to be the most budget-friendly vehicles to insure for high mileage drivers.
Deciphering which companies have the cheapest insurance rates for high mileage drivers takes more work than just comparing rates from one or two companies. Each auto insurance company uses a different method for determining prices, so let’s look at the rankings for the insurance companies with the overall best prices in Indiana.
It’s important that you understand Indiana insurance rates are calculated based on many things that can increase the price you pay. Improving your credit rating, getting married, or getting a driving violation may generate price changes that can cause some rates to be more affordable than others.
Best Car Insurance Prices in Indiana
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $596 |
| 2 | USAA | $681 |
| 3 | Cincinnati Insurance | $684 |
| 4 | Erie | $712 |
| 5 | Western Reserve | $838 |
| 6 | The Hartford | $863 |
| 7 | Indiana Farmers Mutual | $875 |
| 8 | Auto-Owners | $879 |
| 9 | Nationwide | $940 |
| 10 | Motorists Mutual | $956 |
| 11 | Utica National | $956 |
| 12 | State Farm | $957 |
| 13 | Safeco | $1,003 |
| 14 | Hastings Mutual | $1,013 |
| 15 | Farmers | $1,053 |
| 16 | State Auto | $1,087 |
| 17 | Progressive | $1,095 |
| 18 | GEICO | $1,100 |
| 19 | Westfield | $1,105 |
| 20 | Wolverine Mutual | $1,105 |
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Travelers normally has some of the lowest car insurance rates in Fort Wayne at around $596 each year. This is $644 less than the average rate paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve also are some of the most economical Fort Wayne, IN car insurance companies.
As shown above, if you currently buy coverage from Western Reserve and switched to USAA, you may see a yearly price reduction of in the neighborhood of $157. Policyholders with The Hartford may save as much as $182 a year, and Indiana Farmers Mutual policyholders might cut rates by $194 a year.
It’s important to note that these premium estimates are averages across all drivers and vehicles in Indiana and are not factoring in a specific zip code for high mileage drivers. So the auto insurance company that fits your situation best may not even be in the list above. That emphasizes why you need to compare rates from multiple companies using your own individual information.
Tickets and at-fault accidents raise rates
In a perfect world, the ideal way to obtain low insurance premiums for high mileage drivers is to pay attention while driving and maintain a clean driving record. The chart below shows how speeding tickets and fender-benders raise insurance premiums for each different age group. The rate quotes are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
In the previous chart, the average cost of auto insurance in Fort Wayne per year with a clean driving record and no accidents is $1,357. Get two speeding tickets and the average cost rises to $1,924, an increase of $567 each year. Now add in one accident along with the two speeding tickets and the annual cost of insurance for high mileage drivers jumps again to an average of $2,507. That’s an increase of $1,150, or $96 per month, just for not paying attention while driving!
Types of discounts on Fort Wayne insurance rates
Car insurance companies that provide coverage for high mileage drivers may additionally offer price discounts that could lower prices by as much as 25% or more if you can meet the requirements. A few of the larger companies and their possible discounts are included below.
- Farm Bureau may have discounts that include driver training, safe driver, renewal discount, youthful driver, and 55 and retired.
- State Farm policyholders can earn discounts including passive restraint, Drive Safe & Save, defensive driving training, multiple autos, Steer Clear safe driver discount, and anti-theft.
- Progressive offers discounts including multi-vehicle, continuous coverage, online signing, online quote discount, and multi-policy.
- Allstate offers discounts for premier discount, good student, FullPay discount, senior citizen, economy car, and auto/life discount.
- Nationwide discounts include family plan, accident-free, business or organization, easy pay, anti-theft, and defensive driving.
- MetLife offers premium reductions for good driver, accident-free, defensive driver, multi-policy, and good student.
The information below illustrates the comparison of car insurance costs with and without discounts applied to the premium. The data is based on a male driver, a clean driving record, no claims, Indiana state minimum liability limits, comprehensive and collision 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 accident-free, multiple policy, defensive driving course, safe-driver, marriage, and anti-theft discounts applied. When drivers take advantage of discounts, the average savings per year on insurance for high mileage drivers is 28% or $494.
What aren’t you shopping around?
Fort Wayne, IN insurance rates are calculated based on many things which can substantially change the cost of a policy. Simply turning a year older, filing a claim, or getting caught speeding can trigger price changes that can now make some companies cheaper than others. Also, insurance companies modify rates without warning in order to remain profitable. A period of increased losses can cause high rates, while a lower level of claims may produce cheaper Fort Wayne car insurance rates.
The graph below shows the companies that have the cheapest car insurance in Fort Wayne, IN for a 30-year-old male driver with no accidents or violations, and a good credit history. When comparing rates based on his current risk profile, Travelers quotes the cheapest car insurance rates in Fort Wayne at $640 annually. This is $600 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also included in the most affordable Fort Wayne, IN auto insurance companies.
In this example, we will give the driver in the first chart an accident surcharge, poor credit, and a few traffic violations. Because each company has their own unique process to set policy rates, comparing rates may now result in a significantly different list of the cheapest car insurance companies in Fort Wayne as shown below.
Indiana Farmers Mutual now has the lowest price on auto insurance in Fort Wayne with Auto-Owners, Nationwide, Utica National, and State Farm also having competitive pricing. This shows why it is important to compare many different companies to find affordable auto insurance quotes for high mileage drivers. Insurance prices consist of many factors and can increase or decrease at any time, so the most affordable company six months ago may now be one of the higher cost companies.