The words “low-priced” and “insurance” really should not be used together, specifically when you are searching for the lowest insurance prices for police officers. To save some money, let’s start the ball rolling by going over some of the factors that have an effect on insurance rates, and see if we can help you lower the cost of your next policy.
For law enforcement personnel, one of the largest criteria that are looked at to help calculate insurance cost is where your car is garaged in Fort Wayne. Cities with more crime and/or more people likely pay more, whereas areas that tend to be more rural have the luxury of cheap car insurance rates.
The table below ranks the most expensive areas in Indiana for police officers to purchase auto insurance in. Fort Wayne ranks #13 with an annual premium of $985 for the average policyholder, which is approximately $82 monthly.
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Rates are estimated as the vehicle garaging location can raise or lower auto insurance rates noticeably.
The car, truck, or SUV you are seeking coverage for is one of the largest considerations when looking for the lowest-priced coverage for police officers. Vehicles with higher performance characteristics, a lack of advanced safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models. The next list shows auto insurance rates for a selection of the more affordable vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$977|
|Dodge Grand Caravan CV||$998|
|Ford F-150 XL Crew Cab 2WD||$1,004|
|Honda CR-V LX 2WD||$1,007|
|Ford Focus S 4-Dr Sedan||$1,036|
|Chevrolet Silverado LT Extended Cab 4WD||$1,056|
|Volkswagen Jetta S 4-Dr Sedan||$1,063|
|Ford Explorer Limited 4WD||$1,075|
|Ford Edge SE 2WD||$1,109|
|Honda Odyssey EX-L W/Rear Entertainment||$1,113|
|Hyundai Elantra SE 4-Dr Sedan||$1,119|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$1,132|
|Jeep Grand Cherokee Limited 4WD||$1,140|
|GMC Sierra SLE Regular Cab 4WD||$1,132|
|Chevrolet Impala LT||$1,153|
|Chevrolet Equinox LT 2WD||$1,163|
|Toyota RAV4 4WD||$1,192|
|Chevrolet Malibu LT||$1,217|
|Toyota Camry SE||$1,222|
|Toyota Tacoma X-Runner 2WD||$1,217|
|Honda Civic LX 4-Dr Sedan||$1,219|
|GMC Sierra 3500HD SLT Crew Cab 2WD||$1,228|
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Table data assumes single male driver age 50, 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. Price information does not factor in garaging location in Fort Wayne, IN which can revise prices noticeably.
Based on these rates, you can assume that vehicles like the Ford Escape, Dodge Grand Caravan, and Ford F-150 are some of the cheapest vehicles to insure for law enforcement personnel.
Buying coverage from a highly-rated company can be difficult considering how many different companies sell coverage in Indiana. The company ratings in the next section could help you pick which providers you want to consider when trying to find the cheapest insurance for police officers. The ratings below only include the largest auto insurers in America, so companies that have a smaller presence will not be included in this list.
Top 10 Large Car Insurance Companies Overall in Fort Wayne
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
Should you buy full coverage?
Saving money on car insurance should be important to the majority of people, and one great way to buy cheaper insurance for police officers is to only pay for liability coverage. The example below illustrates the difference between yearly insurance costs with and without full coverage. The data assumes no accidents, no driving violations, $500 deductibles, single marital status, and no discounts are taken into consideration.
Averaged for all age groups, comp and collision coverage costs an extra $1,328 per year more than just buying liability insurance. Many drivers will wonder if buying full coverage is worth the money. There is no specific rule that is best for determining when to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of coverage is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s say your vehicle’s replacement cost is $7,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,500 after you pay the deductible. If it’s costing in excess of $650 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some situations where eliminating full coverage is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
The diagram below demonstrates how choosing different deductibles can influence insurance costs when researching cheap insurance for police officers. The premium estimates are based on a single female driver, full coverage, and no additional discounts are factored in.
A 30-year-old driver could save $354 a year by switching from a $100 deductible up to a $500 deductible, or save $534 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old, could potentially save up to $790 every year by choosing larger deductibles on their policy.
When using a larger deductible, it’s a good idea to have emergency funds available to be able to cover the extra out-of-pocket expense associated with higher deductibles.
How to find the cheapest insurance for police officers
Here are some of the better money-saving ideas that can help you get low-cost auto insurance.
- Older vehicles may not need full coverage
- Get cheaper liability coverage by choosing a safer vehicle
- Do not get into accidents that are your fault
- Bundle home and auto and save
- Frequent claims may make car insurance unaffordable
- Save money by observing traffic laws and speed limits
- Shop your coverage around for the best deal
The last tip is remarkably crucial, as was discussed in the prior article. Prices charged by auto insurers can be adjusted at any time, so drivers shouldn’t hesitate to switch companies if a better deal can be had. Loyalty to a specific company is fine, but is isn’t recommended if your bullheadedness ends up costing you a considerable chunk of change every month. Take a couple minutes and compare rates to find cheaper car insurance for police officers in Fort Wayne.
If you wish to have some advice when comparing insurance rates for police officers, the agents listed below can probably aid you in deciding which is the best policy.
To locate a Fort Wayne insurance agent using an interactive map, click the button after the list.
Affordable Agency Inc
2314 Lake Ave – Fort Wayne, IN 46805 – (260) 485-2526
American Family Insurance – Janie Laboube Agency Inc.
2810 Beaver Ave – Fort Wayne, IN 46807 – (260) 744-9798
Larry Ice II – State Farm Insurance Agent
6221 Maplecrest Rd – Fort Wayne, IN 46835 – (260) 484-8572
Allstate Insurance: Susan L. Law
5308 St Joe Rd – Fort Wayne, IN 46835 – (260) 492-6254