How Much are Car Insurance Quotes for Real Estate Agents in Fort Wayne?

You have probably seen the captivating commercials from companies like Liberty Mutual and Farmers that say if you switch you’ll get big savings, so drivers should just choose any one of them, right?

It’s just not that simple, as there are a ton of unknown factors such as citations or tickets, if you have ever had a coverage lapse, and what level of deductibles you wish to have, that all impact the cost of coverage. We will touch on some of these things and will hopefully give you a good beginning to your quest for cheaper car insurance in Indiana.

Comparing quotes for affordable insurance is easier said than done, and determining which companies have the best car insurance rates for real estate agents calls for a bit more work. Each insurer has a unique approach to set premium rates, so first we will examine the car insurance companies with the most affordable rates in Fort Wayne, IN.

Lowest Insurance Price Quotes for Realtors

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Cheapest Indiana auto insurance companies
Rank Company Cost Per Year
1 Travelers $596
2 Cincinnati Insurance $658
3 USAA $667
4 Erie $705
5 Indiana Farmers Mutual $841
6 Western Reserve $846
7 The Hartford $889
8 Auto-Owners $906
9 Nationwide $940
10 State Farm $957
11 Utica National $965
12 Motorists Mutual $966
13 Hastings Mutual $973
14 Safeco $1,013
15 Westfield $1,061
16 Farmers $1,064
17 Wolverine Mutual $1,094
18 State Auto $1,120
19 Progressive $1,128
20 GEICO $1,133
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Travelers quotes some of the most affordable car insurance rates in Fort Wayne at around $596 a year. This is $644 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are also some of the more affordable Fort Wayne, IN car insurance companies.

In the rate table above, if you are a policyholder with Erie and switched to Cincinnati Insurance, you might achieve savings of roughly $47. Drivers with Indiana Farmers Mutual might save as much as $183 a year, and Western Reserve policyholders might see rate reductions of $188 a year.

Be aware that those premiums are averages for all ages of drivers and types of vehicles and are not factoring in an exact vehicle garaging location for real estate agents. So the insurer that can offer you the lowest price may not even be in the top 36 companies in the list above. That emphasizes why you need to get auto insurance quotes using your own driver and vehicle profiles.

For realtors, one of the big factors that are looked at to help calculate insurance cost is your zip code in Fort Wayne. Cities with larger populations or higher claim trends tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.

The following table sorts the highest-priced places in Indiana for real estate agents to purchase auto insurance in. Fort Wayne makes the list at #18 with a yearly premium of $956 for coverage, which is about $80 per month.

How much does car insurance cost in Fort Wayne, IN?
Rank City Annual Premium
1 Gary $1,360
2 Hammond $1,288
3 Merrillville $1,128
4 Portage $1,126
5 Evansville $1,077
6 Terre Haute $1,067
7 New Albany $1,059
8 Lawrence $1,055
9 Indianapolis $1,050
10 Jeffersonville $1,048
11 Kokomo $1,011
12 Anderson $1,001
13 Bloomington $998
14 Elkhart $985
15 South Bend $985
16 Mishawaka $965
17 Richmond $964
18 Fort Wayne $956
19 Fishers $954
20 Noblesville $948
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Premium amounts are comparative as the specific garaging location can influence prices greatly.

The car, truck, or SUV you are buying coverage for is a large consideration when comparison shopping for the lowest-priced auto insurance for real estate agents. Vehicles with limited top-end speed, good crash test ratings, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models.

The list below illustrates auto insurance costs for a number of the cheapest automobiles to insure.

Cheapest Vehicles to Insure in Fort Wayne, IN
Vehicle Make and Model Estimated Cost for Full Coverage
Jeep Wrangler Sahara 4WD 2-Dr $968
Volkswagen Jetta SE 2.5 Station Wagon $1,010
Ford Focus SEL 4-Dr Sedan $1,056
Ford Escape XLS 4WD $1,058
Honda CR-V EX-L 4WD $1,084
Hyundai Sonata GLS 4-Dr Sedan $1,092
Toyota Corolla XRS $1,096
Chevrolet Equinox LTZ 2WD $1,102
Ford Explorer XLT 4WD $1,111
Honda Accord LX-S 2-Dr Coupe $1,147
Toyota Camry Hybrid $1,168
Jeep Grand Cherokee Laredo 2WD $1,172
Toyota Prius $1,174
Dodge Ram 2500 Crew Cab ST 4WD $1,187
Chevrolet Malibu LT $1,193
Ford F-150 FX4 Super Cab 4WD $1,203
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,193
Honda Civic EX 4-Dr Sedan $1,210
Chevrolet Impala LS $1,225
Honda Odyssey EX-L $1,233
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Price 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, claim-free, multi-policy, and homeowner. Information does not factor in specific garaging location which can impact price quotes noticeably.

Looking at the numbers, you can expect makes and models like the Jeep Wrangler, Volkswagen Jetta, and Ford Focus should be a few of the most economical vehicles to insure for realtors.

Full coverage rates vs. liability-only in Fort Wayne

Paying a lower price for car insurance is important to most vehicle owners, and one of the quickest ways to buy cheap insurance for real estate agents is to only buy liability coverage. The illustration below compares premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no violations or accidents, $250 deductibles, single marital status, and no discounts are applied.

Averaged out for all age groups, physical damage coverage costs an extra $1,975 per year more than just buying liability only. That amount may make you wonder if paying for full coverage is worth it. There is no exact rule for excluding physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

Impact of violations and accidents on rates

One of the best ways to maintain the best car insurance prices for realtors is to drive safe and avoid traffic citations and accidents. The chart below demonstrates how speeding tickets and at-fault fender-benders drive up premium costs for each different age group. The data is based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.

In the previous chart, the average cost of a car insurance policy per year with no accidents or violations is $1,380. Receive one speeding ticket and the average cost swells to $1,582, an increase of $202 each year. Then include two accidents along with the one speeding ticket and the 12-month cost of car insurance for real estate agents increases to an average of $3,286. That’s an increase of $1,906, or $159 per month, just for not maintaining a clean driving record!

Get discount Fort Wayne auto insurance

Discounts on car insurance for real estate agentsInsurance providers that provide policies for real estate agents may have special discounts that may potentially lower prices by 25% or more if you meet specific eligibility requirements. A few of the larger companies and their offered discounts are outlined below.

The example below illustrates the comparison of auto insurance costs with and without discounts applied to the premium. The premiums assume a male driver, no accidents, no driving violations, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with accident-free, vehicle safety, marriage, defensive driving course, multiple vehicle, and homeowner discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for real estate agents is 27% or $449.

How to find economical insurance for real estate agents

Here are some of the better penny-pinching ideas that can help you get cheap coverage.

The final tip is highly significant, as was affirmed in this write-up. Insurance prices can change considerably in a year, so don’t be afraid to buy from a new company if a lower price can be found. Brand loyalty is not necessarily bad, but it isn’t a good idea if that loyalty results in overpaying thousands of dollars over several years. In just a few minutes you could compare rates to find cheaper car insurance for real estate agents in Fort Wayne.