What Car Insurance is Cheapest for Used Cars in Fort Wayne?

The vehicle model you are trying to insure is a large consideration that determines if you can find affordable car insurance for used cars. Vehicles with lots of speed or power, poor crash test ratings, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models. The information below illustrates insurance prices for the more affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Fort Wayne, IN
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $953
Ford Escape XLT 4WD $960
Toyota Prius $1,032
Volkswagen Jetta S 4-Dr Sedan $1,102
Jeep Wrangler Sport 4WD 2-Dr $1,107
Toyota Tacoma Double Cab 4WD $1,124
Ford Explorer Limited 2WD $1,129
Honda Civic VP 4-Dr Sedan $1,137
Nissan Altima 3.5 SR 4-Dr Sedan $1,181
Chevrolet Equinox LTZ 2WD $1,188
Dodge Grand Caravan CV $1,196
GMC Sierra 3500HD SLE Extended Cab 2WD $1,203
Ford Focus S 4-Dr Sedan $1,238
Hyundai Elantra SE Touring Station Wagon $1,240
Toyota RAV4 Limited 2WD $1,262
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in specific garaging location which can decrease or increase insurance rates noticeably.

Based upon the table data, cars like the Honda CR-V, Ford Escape, and Toyota Prius are going to be a few of the more affordable vehicles to insure for pre-owned vehicles.

Comparing rates for cost effective auto insurance is not the easiest thing to accomplish, and determining which insurers offer the most affordable insurance rates for used cars may require even more shopping around. Each auto insurer has a different process for filing rates in each state, so we need to take a look at the overall cheapest insurance companies in Indiana.

We do need to point out that Indiana insurance rates are impacted by many factors that control the cost of a policy. This is why it is critical to compare lots of rates when trying to get cheap auto insurance rates for used cars. Insurance prices are impacted by many different factors and change frequently, so the most economical company when you last compared rates may now be one of the more expensive options.

Cheap Insurance Rates for Used Cars

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Indiana car insurance ranked by cost per year
Rank Company Cost Per Year
1 Travelers $596
2 Cincinnati Insurance $658
3 USAA $661
4 Erie $712
5 Indiana Farmers Mutual $867
6 Western Reserve $872
7 Auto-Owners $879
8 The Hartford $889
9 Nationwide $958
10 Utica National $965
11 Hastings Mutual $973
12 Motorists Mutual $996
13 State Farm $997
14 Safeco $1,003
15 Wolverine Mutual $1,061
16 Farmers $1,064
17 Westfield $1,072
18 Progressive $1,095
19 State Auto $1,098
20 GEICO $1,122
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Travelers may have some of the most affordable car insurance rates in Fort Wayne at around $596 per year. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also make the cut as some of the most economical Fort Wayne, IN auto insurance companies.

As shown above, if you are a policyholder with Erie and switched to Travelers, you might realize an annual savings of approximately $116. Indiana drivers with Indiana Farmers Mutual could save as much as $271 a year, and Western Reserve insureds might reduce prices by as much as $276 a year.

Be aware that those estimates are averages across all ages of drivers and types of vehicles and are not factoring in a specific vehicle garaging location for used cars. So the company that fits you best may not even be in the list above. That emphasizes why you need to compare rates from multiple companies using your own individual information.

For pre-owned vehicles, one of the largest components that determine insurance cost is where you keep your car. More densely populated places tend to have higher auto insurance costs, whereas more rural areas tend to receive slightly lower rates.

The information below lists the most expensive cities in Indiana for used cars to purchase auto insurance in. Fort Wayne is listed at #19 with an annual premium of $956 for car insurance, which is about $80 monthly.

How much is auto insurance in Fort Wayne, IN?
Rank City Annual Rate
1 Gary $1,360
2 Hammond $1,314
3 Portage $1,126
4 Merrillville $1,095
5 Lawrence $1,088
6 Indianapolis $1,082
7 Evansville $1,045
8 Jeffersonville $1,038
9 Terre Haute $1,035
10 Anderson $1,031
11 Kokomo $1,031
12 New Albany $1,028
13 South Bend $985
14 Elkhart $985
15 Richmond $973
16 Bloomington $968
17 Mishawaka $965
18 Muncie $965
19 Fort Wayne $956
20 Columbus $955
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Annual rates are comparative as the specific garaging location can influence rates considerably.

The example below demonstrates how choosing different deductibles can raise or lower yearly insurance costs when researching cheap insurance for used cars. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

The chart above illustrates that a 50-year-old driver could lower their policy premium by $310 a year by increasing from a $100 deductible to a $500 deductible, or save $468 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old, could shave as much as $790 annually by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it will be required to have additional funds squirreled away to satisfy the extra out-of-pocket expense associated with higher deductibles.

Insurance company ratings

Insuring your vehicle with the best insurer can be a challenge considering how many companies provide coverage in Indiana. The company information displayed below could help you analyze which companies you want to consider when insurance shopping for used cars.

These ratings are for companies with a national presence, so companies without a large exposure are not factored into these rankings. If you wish to compare rates and find the cheapest rates for used cars, simply click here.

Top 10 Large Auto Insurance Companies Overall in Fort Wayne

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Bad driving habits will cost you more

A great way to earn cheap insurance prices in Fort Wayne for pre-owned vehicles is to drive carefully and not receive tickets or have accidents. The illustration below illustrates how violations and at-fault fender-benders can drive up auto insurance rates for different age groups of insureds. The data assumes a single female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

The chart shows that the average cost of an auto insurance policy in Indiana per year with no accidents and a clean driving record is $1,405. Get written up for one speeding ticket and the average cost hikes up to $1,592, an increase of $186 each year. Now get one accident along with the one speeding ticket and the annual cost of insurance for used cars jumps again to an average of $2,113. That’s an increase of $707, or $59 per month, just for not driving attentively!