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.
|Rank||City||Average Per Year|
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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
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$875|
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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.
|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|
|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|
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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
Insurance 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.
- GEICO has discounts for military active duty, defensive driver, good student, membership and employees, five-year accident-free, and daytime running lights.
- Mercury Insurance has savings for ease of repair, good driver, annual mileage, professional/association, low natural disaster claims, good student, and age of vehicle.
- Farmers Insurance includes discounts for bundle discounts, switch companies, mature driver, business and professional, homeowner, multi-car, and good student.
- Auto-Owners Insurance offers premium reductions for multi-policy, paperless, anti-lock brakes, paid in full, multiple vehicles, good student, and mature driver.
- Liberty Mutual may offer discounts for teen driver discount, new vehicle discount, safety features, multi-policy, good student, new move discount, and multi-car.
- SAFECO discounts include bundle discounts, accident prevention training, anti-theft, drive less, safe driver, and teen safety rewards.
- Progressive policyholders can earn discounts including homeowner, good student, multi-policy, online signing, continuous coverage, online quote discount, and multi-vehicle.
- USAA offers discounts for family discount, safe driver, good student, multi-policy, loyalty savings, and defensive driver.
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.
- Vehicles with safetly features generally cost less to insure
- Don’t have frequent claims
- Increase your credit rating
- Speeding tickets and other violations increase rates
- Do not get into accidents
- Compare rates and switch if you can find a better deal
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.