For the unemployed, one of the big criteria that are used to help calculate the annual cost of car insurance is your zip code in Fort Wayne. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.
The illustration below lists the most expensive places in Indiana for unemployed drivers to buy car insurance in. Fort Wayne ranks #19 having an annual price of $947 on average, which is about $79 monthly.
|Rank||City||Average Per Year|
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Annual rates are approximated as specific Fort Wayne zip code can raise or lower insurance rates substantially.
The make and model of vehicle to be insured is one of the largest factors when shopping around for the cheapest car insurance for unemployed drivers. Vehicles with limited speed and performance, excellent safety ratings, or a low likelihood of liability claims will cost substantially less to insure than fast, unsafe models. The table below estimates auto insurance premiums for a handful of the more affordable vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Odyssey LX||$924|
|Ford Focus S 4-Dr Sedan||$976|
|Toyota RAV4 Limited 4WD||$994|
|Volkswagen Jetta S 2.5 Station Wagon||$1,044|
|Honda CR-V EX-L 2WD||$1,055|
|Chevrolet Silverado LS Extended Cab 2WD||$1,065|
|Jeep Grand Cherokee SRT-8 4WD||$1,075|
|Ford Fusion SE 4-Dr Sedan||$1,065|
|Kia Optima LX||$1,065|
|Hyundai Sonata GLS 4-Dr Sedan||$1,073|
|Dodge Grand Caravan SE||$1,080|
|Ford Explorer XLT 4WD||$1,085|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,084|
|Ford Edge SEL 2WD||$1,117|
|Ford Escape Limited 4WD||$1,119|
|Chevrolet Malibu LS||$1,140|
|Chevrolet Equinox LS 2WD||$1,146|
|Toyota Tacoma Double Cab 4WD||$1,140|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,155|
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Estimates do not factor in specific garaging location which can alter premium rates substantially.
Based upon the rates shown, we can conclude that models like the Honda Odyssey, Ford Focus, Toyota RAV4, Volkswagen Jetta, and Honda CR-V are the more affordable vehicles to insure for the unemployed.
Finding out which companies have the most affordable insurance rates for unemployed drivers will take a bit more work than just comparing rates from one or two companies. Every insurance company has a unique formula to set policy rates, so let’s rank the most affordable insurance companies in Indiana.
Find the Best Cheap Insurance for Job Seekers
|Rank||Company||Cost Per Year|
|5||Indiana Farmers Mutual||$841|
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Travelers quotes some of the best car insurance rates in Fort Wayne at around $596 annually. This is $644 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual are also some of the cheaper Fort Wayne, IN auto insurance companies.
As shown in the rates above, if you currently have a policy with Erie and switched to USAA, you may realize an annual savings of roughly $59. Customers with Indiana Farmers Mutual could save as much as $174 a year, and Western Reserve policyholders might reduce prices by as much as $179 a year.
Understand that those premiums are averaged for all types of insureds and vehicles and are not factoring in a vehicle location for unemployed drivers. So the car insurance company that is best for you may not even be in the top 36 companies in the list above. That’s why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
Discounts on Fort Wayne auto insurance rates
Insurers that offer coverage for unemployed drivers may also provide rate discounts that could lower prices by 25% or more if you are eligible to receive them. A list of companies and their offered discounts are included below.
- American Family offers discounts for air bags, accident-free, good driver, TimeAway discount, and defensive driver.
- Nationwide includes discounts for family plan, defensive driving, anti-theft, good student, and Farm Bureau membership.
- MetLife offers premium reductions for good student, defensive driver, multi-policy, claim-free, good driver, accident-free
- 21st Century has discounts for good student, student driver, automatic seat belts, 55 and older, and homeowners.
- Farmers Insurance offers discounts including good student, teen driver, homeowner, electronic funds transfer, bundle discounts, early shopping, and multi-car.
- Allstate has savings for teenSMART discount, good student, EZ pay plan discount, utility vehicle, defensive driver, anti-theft, and safe driver.
The diagram below compares car insurance costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no claims or driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with claim-free, anti-theft, multiple policy, marriage, homeowner, and accident-free discounts applied. When drivers qualify for the discounts, theamount saved on insurance for unemployed drivers is 28% or $567.
Selecting a high-quality car insurance provider can be a challenge considering how many companies are available to choose from in Indiana. The information below may help you decide which companies to look at comparing rate quotes with.
The ratings below include the largest companies in the United States, so companies that may only write in Indiana are not factored into the list. To check rates and find the cheapest rates for unemployed drivers, simply click here.
Top 10 Major Auto Insurers in Fort Wayne Ranked by Value
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- 21st Century
Top 10 Major Auto Insurers in Fort Wayne Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- The General
The information below shows how choosing a deductible can affect premium costs when trying to find cheap insurance for unemployed drivers. The data assumes a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
A 30-year-old driver could save $306 a year by switching from a $100 deductible up to a $500 deductible, or save $460 by using a $1,000 deductible. Youthful drivers, like the 20-year-old, could drop their prices as much as $678 every year just by using higher deductibles.
If you do raise deductibles, it will be important to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
How to find low-cost insurance for unemployed drivers
It is possible to find better rates, and here are some money-saving suggestions that can help drivers quote lower-cost coverage.
- Claim-free policyholders usually earn a discount
- Good credit can save money
- Safer vehicles generally have cheaper insurance rates
- Do not get traffic violations
- Avoid at-fault accidents and claims
- Check for cheaper rates once a year
That last idea is incredibly important, as was emphasized in this piece. Car insurance prices in Fort Wayne can be adjusted at any time, so don’t be hesitant to buy from a different company if you find a cheaper price. Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if your bullheadedness ends up costing you a small fortune. In less than five minutes you could compare rates to find cheaper insurance for unemployed drivers.
If you wish to get some help when trying to find the best insurance rates for unemployed drivers, the agencies below are a good start to aid you in deciding which auto insurance policy fits you best. To locate a Fort Wayne auto insurance agent close to where you live, click the link after the list or click here to compare price quotes now.
Farmers Insurance – Shea Smith
1104 W State Blvd – Fort Wayne, IN 46808 – (260) 420-2000
Allstate Insurance: Paul Michaylo
2416 Getz Rd – Fort Wayne, IN 46804 – (260) 459-1700
InsureOne Insurance Agency
3213 E State Blvd – Fort Wayne, IN 46805 – (260) 216-0024
Affordable Agency Inc
2314 Lake Ave – Fort Wayne, IN 46805 – (260) 485-2526
Farmers Insurance – Adrian Hernandez
3474 Stellhorn Rd – Fort Wayne, IN 46815 – (260) 485-0122