The words “bargain” and “insurance” really shouldn’t be used together, especially when comparison shopping for the lowest insurance rates for felons. Because of the high cost, let’s open your eyes to a few of the things that can significantly affect insurance prices, and figure out some ways to cut the cost of the next policy you buy.
Finding dependable, affordable auto insurance is not easy, and deciding which company offers the best auto insurance rates for felons takes even more work. Every insurance provider has a unique approach to determine rates, so let’s take a look at the auto insurance companies with the overall best prices in Fort Wayne, IN.
It’s important to understand that Fort Wayne, IN auto insurance rates are influenced by many factors which can substantially change the price you have to pay. Price variation is why consumers need to spend some time comparing rates to get the best insurance rates for felons. Auto insurance prices consist of many things and change dramatically, so the cheapest rate when you bought your policy may now be an over-priced policy.
Find Cheaper Car Insurance for Felons
Travelers has some of the cheapest car insurance rates in Fort Wayne at around $614 annually. This is $626 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also qualify as some of the most economical Fort Wayne, IN car insurance companies.
As depicted above, if you have coverage with USAA and switched to Travelers, you might realize yearly savings of roughly $67. Policyholders with Cincinnati Insurance could save as much as $70 a year, and Erie insureds might lower prices by up to $119 a year.
If you want to find out if you’re overpaying, click here to start a quote or click through to the companies below.
Remember that these policy prices are averaged for all insureds and vehicles and do not take into consideration a specific zip code for felons. So the auto insurance company that fits your age and vehicle best may not even be in the top 36 companies in the list above. That emphasizes why you need to get rate quotes from many companies using your own driver data and vehicle information.
For felons, one of the big criteria that determine the amount you pay each year for auto insurance is where you keep your car. Areas with more people or more claims tend to pay more, whereas more rural areas benefit from lower rates.
The next table rates the most expensive cities in Indiana for felons in which to purchase auto insurance. Fort Wayne shows up at #20 with a yearly cost of $956 for the average policy, which is approximately $80 monthly.
|Rank||City||Average Per Year|
|Compare Prices Now Go|
Premium amounts are comparative as the specific garaging location can decrease or increase rates noticeably.
The make and model of vehicle that is being insured is one of the primary factors in finding cheap auto insurance for felons. Vehicles with limited top-end speed, a great safety record, or a low likelihood of liability claims will cost less to insure than high performance models. The list below shows coverage premiums for a handful of the most affordable vehicles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$878|
|Honda CR-V EX 4WD||$898|
|Honda Odyssey EX W/Rear Entertainment||$1,021|
|Toyota RAV4 Limited 4WD||$1,040|
|Honda Accord LX 4-Dr Sedan||$1,076|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,121|
|Ford F-150 Lariat Crew Cab Harley 2WD||$1,112|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$1,148|
|Ford Edge SEL AWD||$1,168|
|Chevrolet Silverado LS Regular Cab 4WD||$1,180|
|Toyota Camry Hybrid||$1,187|
|Hyundai Sonata Limited 4-Dr Sedan||$1,196|
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Price 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-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Prices do not factor in specific location information which can alter auto insurance rates significantly.
Based upon the rates shown, you can infer that models like the Ford Escape, Honda CR-V, Honda Odyssey, Toyota RAV4, and Honda Accord are going to be a few of the cheaper vehicles to insure for felons.
Driving violations and accidents
The easiest method to find low auto insurance premiums for felons is to be a good driver and avoid accidents and traffic citations. The chart below illustrates how speeding tickets and at-fault accidents can drive up insurance costs for different age groups of insureds. The premium estimates are based on a married female driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
In the previous example, the average cost of an auto insurance policy in Indiana per year with no violations or accidents is $1,547. Add in two speeding tickets and the average cost hikes up to $2,200, an increase of $653 each year. Then add in two accidents along with the two speeding tickets and the annual cost of auto insurance for felons goes up to an average of $4,596. That’s an increase of $3,049, or $254 per month, just for not driving responsibly!
The diagram below demonstrates how choosing different deductibles can change premium costs when researching cheap insurance for felons. Data assumes a single female driver, comp and collision included, and no other discounts are factored in.
A 40-year-old driver could cut expenses by $300 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $454 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could roll back prices up to $772 every year just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it’s a good idea to have plenty of money set aside to allow you to cover the extra out-of-pocket expense that comes with higher deductibles.
Get discount Fort Wayne auto insurance rates
Car insurance companies that provide coverage for felons may also offer discounts that can lower rates by as much as 30% if you meet eligibility requirements. A list of auto insurance companies and a selection of discounts can be found below.
- State Farm may offer discounts for defensive driving training, multiple policy, Steer Clear safe driver discount, safe vehicle, and good student.
- Farmers Insurance policyholders can earn discounts including pay in full, youthful driver, multi-car, electronic funds transfer, homeowner, bundle discounts, and mature driver.
- Progressive has savings for continuous coverage, multi-policy, online quote discount, online signing, and good student.
- GEICO offers discounts for emergency military deployment, anti-theft, air bags, driver training, and multi-vehicle.
- Auto-Owners Insurance discounts include anti-lock brakes, safe driver, group or association, company car, mature driver, safe vehicle, and paperless.
- The Hartford may have discounts that include vehicle fuel type, defensive driver, anti-theft, driver training, and air bag.
- Farm Bureau offers discounts including 55 and retired, renewal discount, good student, driver training, and safe driver.
- USAA offers premium reductions for loyalty savings, vehicle storage, safe driver, good student, driver training, multi-policy, and military installation.
The illustration below compares insurance premiums with and without discounts applied to the policy rates. Data assumes a female driver, no claims, a clean driving record, Indiana state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with claim-free, safe-driver, anti-theft, passive restraint, homeowner, and multiple policy discounts applied. When these discounts are applied to the policy premium, theamount saved on auto insurance for felons is 27% or $386.
How to find more affordable auto insurance for felons
Here are many thrifty solutions that can help you get more affordable auto insurance.
- Avoid accidents
- Good credit can mean cheaper rates
- Avoid getting citations and tickets
- Vehicles with safetly features generally cost less to insure
- Higher deductibles mean lower rates
- Shop your coverage around for the best deal
The last item on the list is especially crucial, as we hit on in the prior article. Prices can change significantly in a year, so don’t be unwilling to change insurance companies if a better rate can be found. Staying with the same company for years is fine, but it’s not recommended if that devotion results in you overpaying big bucks every year. If you have a few minutes, compare rates and find cheaper insurance for felons in Fort Wayne.
The insurance agencies listed below can help you make a decision which policy fits your needs best, since some drivers aren’t sure which coverage they need and prefer to have some advice when shopping around for cheaper insurance for felons. It can be challenging to find the best policy yourself, and getting advice from a licensed Indiana insurance agent can give peace of mind knowing you have enough protection.
To locate a Fort Wayne auto insurance agent by location nearest to you, click the link after the list.
- Luttman Insurance
707 Airport North Office Park – Fort Wayne, IN 46825 – (260) 482-6700
- Allstate Insurance: Jeffrey W Griggs
4340 Maplecrest Rd – Fort Wayne, IN 46815 – (260) 486-3883
- G A MacDonald Associates
2200 Lake Ave #120 – Fort Wayne, IN 46805 – (260) 422-5377