It would sure make life easier if we could tell you the one auto insurance company that is cheapest in Indiana. It’s just not that simple, as there are a whole bunch of unknown aspects such as how old you are, your credit history, and your gender. The content below covers the best ways to avoid high prices and educate you enough to have a good start in finding the cheapest car insurance in Indiana.
For good drivers, one of the more important factors that help determine the amount you pay for auto insurance is where you normally keep your vehicle. Areas with a lot of weather claims or more people will most likely have higher rates, whereas areas with less crime or weather claims benefit from lower coverage costs.
The following table lists the highest-priced places in Indiana for safe drivers in which to purchase auto insurance. Fort Wayne shows up at #18 with an annual rate of $947 for the average policy, which is approximately $79 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,388 |
| 2 | Hammond | $1,275 |
| 3 | Portage | $1,104 |
| 4 | Merrillville | $1,095 |
| 5 | Indianapolis | $1,082 |
| 6 | Jeffersonville | $1,080 |
| 7 | Terre Haute | $1,067 |
| 8 | Lawrence | $1,055 |
| 9 | Evansville | $1,045 |
| 10 | New Albany | $1,028 |
| 11 | Anderson | $1,011 |
| 12 | Kokomo | $1,001 |
| 13 | Bloomington | $998 |
| 14 | South Bend | $985 |
| 15 | Fishers | $983 |
| 16 | Mishawaka | $974 |
| 17 | Elkhart | $956 |
| 18 | Fort Wayne | $947 |
| 19 | Carmel | $947 |
| 20 | Columbus | $946 |
| 21 | Richmond | $944 |
| 22 | Greenwood | $941 |
| 23 | Muncie | $937 |
| 24 | Noblesville | $920 |
| 25 | Lafayette | $917 |
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Prices are approximated as specific Fort Wayne zip code can modify price quotes greatly.
The vehicle model requiring coverage is probably the most important factor when quoting the most economical auto insurance for safe drivers. Vehicles with higher performance, poor crash test ratings, or a high likelihood of having liability claims will cost much more to insure than more economical and safe models. The data below outlines car insurance costs for a handful of the most affordable automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $879 |
| Honda Odyssey LX | $966 |
| Ford Explorer XLT 2WD | $985 |
| Ford Focus S 4-Dr Sedan | $1,021 |
| Ford Escape XLS 2WD | $1,077 |
| Honda CR-V EX 2WD | $1,084 |
| Dodge Grand Caravan CV | $1,128 |
| GMC Sierra 3500HD SLT Extended Cab 2WD | $1,134 |
| Volkswagen Jetta 2.0T Station Wagon | $1,177 |
| Toyota Camry Hybrid | $1,187 |
| Honda Accord EX-L 2-Dr Coupe | $1,194 |
| Hyundai Sonata Limited 4-Dr Sedan | $1,187 |
| Chevrolet Malibu Hybrid | $1,192 |
| Toyota RAV4 Sport 4WD | $1,201 |
| Toyota Prius | $1,196 |
| Honda Civic LX 4-Dr Sedan | $1,232 |
| Ford F-150 STX Super Cab 4WD | $1,239 |
| Toyota Corolla LE | $1,253 |
| Chevrolet Impala LTZ | $1,262 |
| Ford Edge Sport 2WD | $1,253 |
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Rates do not factor in specific Fort Wayne, IN garaging location which can increase or decrease price quotes greatly.
Looking at the rates, cars like the Hyundai Elantra, Honda Odyssey, and Ford Explorer should be a few of the cheapest vehicles to insure for good drivers.
Deciphering which company offers the cheapest auto insurance rates for safe drivers involves a little more sweat in order to find coverage that fits your budget.
Every insurance provider has their own process for establishing rates, so let’s take a look at the most competitive auto insurance companies in Indiana. It’s a good idea to be aware that Fort Wayne auto insurance rates are determined by lots of factors that will increase or decrease the policy premium. Simply getting older, getting married, or getting a ticket for careless driving can trigger price changes resulting in some rates now being cheaper than before.
Best Car Insurance Prices for Safe Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $620 |
| 2 | Cincinnati Insurance | $684 |
| 3 | USAA | $687 |
| 4 | Erie | $712 |
| 5 | Indiana Farmers Mutual | $849 |
| 6 | The Hartford | $855 |
| 7 | Western Reserve | $872 |
| 8 | Auto-Owners | $906 |
| 9 | State Farm | $957 |
| 10 | Nationwide | $958 |
| 11 | Motorists Mutual | $966 |
| 12 | Utica National | $985 |
| 13 | Hastings Mutual | $1,003 |
| 14 | Safeco | $1,013 |
| 15 | Farmers | $1,033 |
| 16 | Westfield | $1,094 |
| 17 | Progressive | $1,095 |
| 18 | State Auto | $1,098 |
| 19 | Wolverine Mutual | $1,105 |
| 20 | GEICO | $1,122 |
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Travelers quotes some of the best car insurance rates in Fort Wayne at around $620 each year. This is $620 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual would also make the list of some of the more affordable Fort Wayne, IN auto insurance companies.
In the above rates, if you are a customer of Erie and switched to Cincinnati Insurance, you may see yearly savings of upwards of $28. Customers with Indiana Farmers Mutual could save as much as $165 a year, and The Hartford customers might see rate reductions of $171 a year.
Understand that those prices are averaged across all ages of drivers and types of vehicles and and are not calculated with an exact vehicle garaging location for safe drivers. So the company that has the lowest price for you may not even be in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
The chart below illustrates how your deductible choice can impact premium costs when researching cheap insurance for safe drivers. The rate quotes are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
A 40-year-old driver could lower rates by $198 a year by changing from a $100 deductible to a $500 deductible, or save $296 by switching to a $1,000 deductible. Young drivers, like the 20-year-old example, could possibly save as much as $652 or even more just by choosing larger deductibles. If you make the decision to raise deductibles, it’s a good idea to have enough in a savings account to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Ending up with the highest-rated car insurance company can be a challenge considering how many different companies there are to choose from in Fort Wayne. The company rank data below could help you analyze which car insurance providers you want to consider when comparing auto insurance rates for safe drivers. The ratings below are only made up of the largest auto insurers in America, so companies that may only write in Indiana are not included in 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
Rate difference between full and liability-only coverage
Finding the cheapest auto insurance is the goal of most drivers, and one good way to save on the cost of insurance for safe drivers is to buy liability only. The chart below compares auto insurance rates with full coverage and liability only. The premiums are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
As an average, comp and collision coverage costs $1,797 per year over liability only. That is a large expense and it proposes the question if paying for full coverage is worth it. There is no exact formula of when to drop full coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
You are probably paying too much for car insurance
Fort Wayne auto insurance rates are impacted by many things which can substantially change your annual premium. Simply improving your credit, buying a home instead of renting, or having a fender bender can cause premium changes that can cause some rates to be affordable when they were higher priced.
Also, companies file new Indiana car insurance rates as needed in order to maintain liquidity for claims. A period of higher than normal claims may result in more expensive prices, while lower claim expenses can produce cheaper Fort Wayne car insurance rates.
As an example, the chart below shows the cheapest car insurance in Fort Wayne, IN for a 35-year-old female driver with no accidents or violations, and great credit. Based on her current risk profile, Travelers offers the cheapest car insurance rates in Fort Wayne at $640 a year. This is $600 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve round out the rest of the most affordable Fort Wayne, IN auto insurance companies.
In this example, we will give the driver from above a chargeable claim, bad credit, and a traffic ticket or two. Because each company uses their own formula to set policy rates, comparing rates will most likely result in a slightly different list of cheap Fort Wayne auto insurance companies as shown below.
The Hartford now has the best price in Fort Wayne, IN with Auto-Owners, Nationwide, USAA, and Cincinnati Insurance now rounding out the top five. This example demonstrates why drivers need to shop around to find cheap car insurance quotes for safe drivers.
Insurance rates are calculated by many risk factors and can change without notice, so the lowest-price company six months ago may now be one of the higher cost companies.