Who Has Affordable Car Insurance Rates for Good Students in Fort Wayne?

One of the many considerations that are used to help calculate the amount you pay each year for auto insurance is where you keep your car. More populated areas tend to have higher rates, whereas areas with less congestion tend to receive slightly lower rates.

The following table ranks the most expensive cities in Indiana for good students to purchase a policy in. Fort Wayne is ranked #18 with the yearly price of $956 for the average policy, which is approximately $80 monthly.

Car insurance prices in Fort Wayne
Rank City Average Per Year
1 Gary $1,347
2 Hammond $1,314
3 Portage $1,137
4 Merrillville $1,095
5 Indianapolis $1,092
6 Evansville $1,087
7 Lawrence $1,066
8 Jeffersonville $1,048
9 Terre Haute $1,045
10 Kokomo $1,031
11 New Albany $1,028
12 Anderson $1,001
13 South Bend $985
14 Elkhart $985
15 Fishers $974
16 Bloomington $958
17 Carmel $957
18 Fort Wayne $956
19 Columbus $955
20 Richmond $944
21 Muncie $937
22 Mishawaka $936
23 Greenwood $931
24 Noblesville $920
25 Lafayette $890
Compare Prices Now Go

Rate information is approximated as specific Fort Wayne garaging address can modify prices significantly.

Locating low-cost auto insurance is not the easiest thing to accomplish, and determining which company offers the best auto insurance rates for good students requires even more diligence. Every car insurance company has a different process for determining rates in each state, so we’ll take a look at the auto insurance companies with the overall cheapest rates in Fort Wayne, IN.

Lowest Insurance Price Quotes for Students

Get a Free Quote and Save

Rankings for the cheapest car insurance companies in Indiana
Rank Company Cost Per Year
1 Travelers $596
2 Cincinnati Insurance $664
3 USAA $681
4 Erie $705
5 Western Reserve $846
6 Indiana Farmers Mutual $875
7 The Hartford $889
8 Auto-Owners $915
9 Nationwide $930
10 Utica National $956
11 State Farm $967
12 Hastings Mutual $983
13 Safeco $983
14 Motorists Mutual $996
15 Farmers $1,064
16 Wolverine Mutual $1,094
17 Westfield $1,105
18 Progressive $1,106
19 GEICO $1,122
20 State Auto $1,131
Find Cheaper Rates Go

Travelers normally has some of the cheapest car insurance rates in Fort Wayne at around $596 each year. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the cut as some of the more affordable Fort Wayne, IN insurance companies.

In the above example, if you buy coverage from USAA and switched to Travelers, you might achieve an annual premium reduction of about $85. Insureds with Erie might save as much as $109 a year, and Western Reserve insureds might reduce prices by as much as $250 a year.

Be aware that those prices are averages for all types of drivers and the different vehicles they drive and are not factoring in an exact location for good students. So the insurer that is best for you may not even be in the top 36 companies in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

The vehicle you are buying coverage for is probably the largest consideration when looking for affordable car insurance for good students. Vehicles with lots of horsepower, a lack of modern safety features, or an increased likelihood of liability claims will cost much more to insure than safer models. The next list showcases coverage premiums for some of the most cost-effective automobiles to insure in Indiana.

Cheapest Vehicles to Insure in Fort Wayne, IN
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 2WD $3,245
Hyundai Elantra GLS Touring Station Wagon $3,252
Honda Accord LX 4-Dr Sedan $3,245
Honda CR-V EX 4WD $3,275
Toyota Prius $3,513
Ford F-150 XLT Crew Cab 2WD $3,643
Ford Edge SEL 2WD $3,820
Chevrolet Impala LS $3,828
Toyota RAV4 Sport 2WD $3,850
Ford Fusion S 4-Dr Sedan $3,858
Jeep Grand Cherokee Laredo 4WD $3,850
Ford Explorer Eddie Bauer AWD $3,882
Chevrolet Malibu LT $3,891
Toyota Tacoma Double Cab 4WD $3,882
Dodge Grand Caravan SXT $3,888
Ford Focus SEL 4-Dr Sedan $4,024
Toyota Camry XLE $4,054
Toyota Corolla XLE $4,062
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $4,054
Nissan Altima 2.5 S 4-Dr Sedan $4,063
Compare Rates Now Go

Prices above based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in vehicle location which can change price quotes substantially.

By looking at the data, you can assume that vehicles like the Ford Escape, Hyundai Elantra, Honda Accord, Honda CR-V, and Toyota Prius should be the most affordable vehicles to insure for student drivers.

Discounts on Fort Wayne insurance

Auto insurance for student drivers in Fort Wayne, INInsurance providers that provide coverage for good students may also offer premium discounts that may potentially lower prices by 25% or more if you are eligible. The best auto insurance companies and their possible discounts are detailed below.

The information below illustrates the comparison of auto insurance costs with and without policy discounts. The rate quotes are based on a male driver, no violations or claims, Indiana state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows the average rate with no discounts. The second shows the rates with paperless filing, paid-in-full, vehicle safety, continuous coverage, passive restraint, and anti-theft discounts applied. When these discounts are applied, theamount saved on auto insurance for good students is 28% or $631.

Rate increases following a ticket or accident

The obvious way to enjoy affordable auto insurance rates in Indiana for student drivers is to drive safely and avoid accidents and traffic violations. The chart below shows how violations and at-fault claims can impact auto insurance rates for different age groups of insureds. The rate quotes are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

In the example above, the average cost of auto insurance in Fort Wayne per year with no accidents or violations is $1,337. Get written up for one speeding ticket and the average cost increases to $1,540, an increase of $203 each year. Then add in one accident along with the one speeding ticket and the yearly cost of auto insurance for good students jumps again to an average of $2,107. That’s an increase of $770, or $64 per month, just for being a less-than-perfect driver!

The importance of shopping around

Indiana auto insurance rates are calculated based on many things that can increase the cost of a policy. Turning one year older, buying a different home, or having a fender bender can produce rate changes that can now make some companies cheaper than before.

In addition to those changes, auto insurance companies change prices multiple times each year in order to remain profitable. Higher than normal claim frequency or severity may result in higher rates, while less frequent claims can produce cheaper Fort Wayne car insurance rates.

For instance, the chart below shows the cheapest car insurance in Fort Wayne, IN for a 35-year-old male driver with no accidents or violations, and a decent credit rating. When quoting prices based on his current situation, Travelers might offer the cheapest car insurance rates in Fort Wayne at $634 each year. This is $606 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and The Hartford are the remainder of the top five cheapest Fort Wayne, IN auto insurance companies.

Now we will pretend the driver from the first rate comparison a chargeable accident, poor credit, and a blemish on his driving record. Since each company has a proprietary formula to determining premium rates, comparing quotes could now result in a new list of the cheapest Fort Wayne car insurance companies as shown below.

Indiana Farmers Mutual now has the cheapest rate in Fort Wayne, IN with Auto-Owners, USAA, Nationwide, and Motorists Mutual also being competitive. This example demonstrates why consumers need to take the time to take the time to shop around when trying to get affordable insurance rates for good students. Car insurance prices can be altered by many different factors and change substantially, so the cheapest option the last time you checked may now be one of the more expensive options.

How to find budget-friendly car insurance for good students

The list below shows a few thrifty suggestions that can help Fort Wayne drivers locate more affordable coverage.

The final tip is incredibly important, as we noted in the prior information. Car insurance prices fluctuate constantly, so don’t be hesitant to switch carriers if a better rate can be found.

Many consumers stick with the same company and that’s fine, but we do not recommend it if that loyalty ends up costing lots of hard earned cash every month. Take a few minutes and compare prices and find cheaper insurance for good students in Fort Wayne.