Who Has Affordable Fort Wayne Auto Insurance for College Students?

Buying low-cost insurance is tough enough, and deciding which company offers the most affordable auto insurance rates for college students may require even more diligence. Every insurance company uses their own calculation for establishing rates, so we’ll take a look at the auto insurance companies that tend to have lower prices in Indiana.

It’s important that you understand Fort Wayne auto insurance rates are impacted by many things that may substantially change the price of coverage. This price variation is why it is so important to shop around with many companies to find the cheapest car insurance rates for college students. Car insurance prices consist of many things and can decrease or increase without notice, so the best option a year ago may now be wasting a lot of money.

Best Insurance Companies for College Students

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Rankings for the cheapest car insurance companies in Indiana
Rank Company Cost Per Year
1 Travelers $596
2 Cincinnati Insurance $658
3 USAA $687
4 Erie $712
5 Western Reserve $838
6 Indiana Farmers Mutual $875
7 Auto-Owners $888
8 The Hartford $889
9 Utica National $956
10 Motorists Mutual $956
11 Nationwide $958
12 Safeco $973
13 State Farm $997
14 Hastings Mutual $1,003
15 Farmers $1,053
16 Wolverine Mutual $1,072
17 Westfield $1,072
18 GEICO $1,122
19 Progressive $1,128
20 State Auto $1,131
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Travelers offers some of the best car insurance rates in Fort Wayne at around $596 a year. This is $644 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also rank well as some of the lowest-priced Fort Wayne, IN auto insurance companies.

As shown in the table above, if you have coverage with Erie and switched to Cincinnati Insurance, you could earn yearly savings of around $54. Drivers with Western Reserve might save as much as $180 a year, and Indiana Farmers Mutual policyholders might lower prices by up to $217 a year.

Understand that those premiums are averages for all types of drivers and the different vehicles they drive and are not factoring in a vehicle location for college students. So the car insurance company that fits your age and vehicle best may not even be in the top 36 companies in the list above. That’s why you need to get quotes using your own specific driver information and vehicle.

For students in college, one of the largest factors that aid in calculating the amount you pay each year for auto insurance is where you keep your vehicle. Cities with larger populations or higher claim trends tend to have more expensive car insurance rates, whereas less populated areas tend to receive slightly lower rates.

The next table ranks the priciest cities in Indiana for college students in which to purchase auto insurance. Fort Wayne makes the list at #18 costing $956 for the average policy, which is approximately $80 each month.

How much does auto insurance cost in Fort Wayne?
Rank City Annual Rate
1 Gary $1,347
2 Hammond $1,314
3 Merrillville $1,139
4 Portage $1,093
5 Indianapolis $1,092
6 Evansville $1,087
7 Jeffersonville $1,080
8 Terre Haute $1,077
9 Lawrence $1,066
10 New Albany $1,059
11 Anderson $1,031
12 Kokomo $1,011
13 Elkhart $995
14 South Bend $976
15 Columbus $975
16 Greenwood $969
17 Bloomington $958
18 Fort Wayne $956
19 Fishers $954
20 Carmel $947
21 Mishawaka $945
22 Richmond $944
23 Muncie $927
24 Noblesville $920
25 Lafayette $890
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Price information shown is approximated as the specific geographic location can lower or raise premiums substantially.

The car, truck, or SUV driven is a significant factor when looking for affordable coverage for college students. Vehicles with reasonable performance levels, advanced safety features, or a positive history of liability claims will cost much less to insure than higher performance models. The table below ranks coverage premiums for a handful of the more affordable vehicles to buy coverage for.

Cheapest Vehicles to Insure in Fort Wayne, IN
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 2WD $2,092
Ford Escape XLS 4WD $2,101
Hyundai Elantra GLS Touring Station Wagon $2,092
Toyota Prius $2,289
Honda Odyssey EX W/Rear Entertainment $2,450
Ford Edge SEL AWD $2,459
Dodge Grand Caravan Hero $2,481
Chevrolet Malibu Hybrid $2,486
Toyota RAV4 Limited 2WD $2,481
Ford Explorer Eddie Bauer 4WD $2,512
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $2,519
Ford F-150 Lariat Super Cab 4WD $2,512
Jeep Wrangler Unlimited Sport 2WD 4-Dr $2,552
Honda Civic EX 4-Dr Sedan $2,585
Chevrolet Impala LTZ $2,616
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Prices above based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in garaging location in Fort Wayne, IN which can raise or lower rates considerably.

Based on these rates, we can infer that cars like the Honda CR-V, Ford Escape, Hyundai Elantra, Toyota Prius, and Honda Odyssey are likely to be the most budget-friendly vehicles to insure for students in college. Auto insurance rates will be higher anyway just due to the fact that there is more liability exposure for college students, but overall those vehicles will most likely have the cheapest rates compared to other vehicles.

Ending up with the highest-rated auto insurance company can be difficult considering how many choices there are in Indiana. The company rank data in the lists below can help you decide which companies you want to consider comparing rate quotes with.

These rankings include companies with a national presence, so companies that only write business in Indiana or surrounding areas are not taken into consideration for this list. If you would like to check rates from the most competitive companies in Indiana, just click here.

Top 10 Major Auto Insurance Providers in Fort Wayne Ranked by Customer Satisfaction

  1. USAA – 92%
  2. Erie Insurance – 88%
  3. American Family – 88%
  4. State Farm – 88%
  5. Nationwide – 88%
  6. 21st Century – 88%
  7. AAA Insurance – 87%
  8. Liberty Mutual – 87%
  9. Farmers Insurance – 87%
  10. The Hartford – 87%

Top 10 Major Auto Insurance Providers in Fort Wayne Ranked by Customer Service

  1. Nationwide
  2. State Farm
  3. Safeco Insurance
  4. American Family
  5. Titan Insurance
  6. Travelers
  7. Liberty Mutual
  8. GEICO
  9. Erie Insurance
  10. Allstate

Types of discounts on Fort Wayne insurance rates

Cheaper Fort Wayne, IN auto insurance for students in collegeInsurance companies that offer coverage for college students may also give you discounts that can reduce rates by as much as 35% or more if you meet specific eligibility requirements. Popular auto insurance companies and a partial list of their discounts are:

The illustration below shows the difference between premium costs with and without discounts. The data assumes a female driver, a clean driving record, no claims, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with good student, paperless filing, anti-theft, vehicle safety, passive restraint, and paid-in-full discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for college students is 21% or $398.

The diagram below demonstrates how choosing different deductibles can influence insurance costs when trying to find cheap insurance for college students. The information is based on a married female driver, comp and collision included, and no discounts are taken into consideration.

A 40-year-old driver could reduce rates by $192 a year by increasing from a $100 deductible up to a $500 deductible, or save $290 by choosing a $1,000 deductible. Even younger insureds, like the age 20 example, could shave as much as $476 each year by using higher deductibles when buying full coverage. When raising deductibles, it will now be necessary to have emergency funds available to allow you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.