Wouldn’t it be perfect if you could just magically know the one best company that has the best deal on coverage for 17 year olds? Unfortunately, it’s not that simple as there are a whole slew of unknowns like if you have a spouse, the area where you live, and the number of miles you drive in a year. This article covers the best ways to find cheap auto insurance and will hopefully give you a jump start in finding the best auto insurance in Fort Wayne.
For teen drivers, one of the big factors that determine the cost of insurance is your address. Areas with more people or higher crime rates likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.
The next table rates the most expensive cities in Indiana for 17 year olds to purchase auto insurance in. Fort Wayne is listed at #15 with the yearly price of $976 for coverage, which is around $81 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,360 |
| 2 | Hammond | $1,314 |
| 3 | Portage | $1,126 |
| 4 | Merrillville | $1,095 |
| 5 | Jeffersonville | $1,080 |
| 6 | New Albany | $1,070 |
| 7 | Indianapolis | $1,060 |
| 8 | Lawrence | $1,055 |
| 9 | Evansville | $1,045 |
| 10 | Terre Haute | $1,045 |
| 11 | Kokomo | $1,011 |
| 12 | Anderson | $1,011 |
| 13 | Bloomington | $988 |
| 14 | South Bend | $985 |
| 15 | Fort Wayne | $976 |
| 16 | Columbus | $975 |
| 17 | Elkhart | $965 |
| 18 | Noblesville | $958 |
| 19 | Muncie | $955 |
| 20 | Fishers | $945 |
| 21 | Richmond | $944 |
| 22 | Mishawaka | $936 |
| 23 | Greenwood | $931 |
| 24 | Carmel | $929 |
| 25 | Lafayette | $917 |
| Find Cheaper Insurance Go | ||
Prices are estimated as the garaging address in Fort Wayne can alter auto insurance rates significantly.
Deciphering which company offers the best insurance rates for 17 year olds will involve a tad more effort than just getting one or two price quotes. Every insurance company uses their own calculation for establishing rates, so let’s rank the most affordable insurance companies in Fort Wayne.
It’s important to understand that Indiana insurance rates are calculated based on many things that will increase or decrease the price of coverage. Simply turning a year older, getting divorced, or getting a ticket for careless driving may cause policy rate changes that can cause some rates to be more affordable than others.
Cheapest Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $620 |
| 2 | USAA | $667 |
| 3 | Cincinnati Insurance | $678 |
| 4 | Erie | $733 |
| 5 | Western Reserve | $846 |
| 6 | The Hartford | $863 |
| 7 | Indiana Farmers Mutual | $875 |
| 8 | Auto-Owners | $879 |
| 9 | Nationwide | $930 |
| 10 | State Farm | $957 |
| 11 | Utica National | $985 |
| 12 | Motorists Mutual | $996 |
| 13 | Hastings Mutual | $1,003 |
| 14 | Safeco | $1,013 |
| 15 | Farmers | $1,022 |
| 16 | Westfield | $1,094 |
| 17 | Wolverine Mutual | $1,105 |
| 18 | Progressive | $1,106 |
| 19 | State Auto | $1,131 |
| 20 | GEICO | $1,133 |
| Quote Your Rates Go | ||
Travelers may have some of the cheapest car insurance rates in Fort Wayne at around $620 each year. This is $620 less than the average policy premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve also rank well as some of the lowest-priced Fort Wayne, IN car insurance companies.
As shown in the rates above, if you buy coverage from Cincinnati Insurance and switched to Travelers, you may realize savings of approximately $58. Indiana drivers with Erie may save as much as $113 a year, and Western Reserve policyholders might realize rate reductions of up to $226 a year.
It’s important to note that these policy prices are averages across all drivers and vehicles in Indiana and and are not figured with a specific vehicle garaging location for 17 year olds. So the auto insurance company that can offer you the lowest price may not even be in the list above. That helps illustrate why you need to quote rates from many companies using your own driver information and specific vehicle type.
The vehicle model that is being insured is one of the biggest factors when quoting the best insurance for 17 year olds. Vehicles with reasonable performance levels, excellent safety ratings, or low incidents of liability claims will cost substantially less to insure than high performance models. The table below features car insurance prices for the most economical automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $3,379 |
| Honda CR-V LX 2WD | $3,387 |
| Ford Escape XLS 4WD | $3,379 |
| Hyundai Elantra SE Touring Station Wagon | $3,626 |
| Toyota Prius | $3,659 |
| Ford Explorer Eddie Bauer 2WD | $3,795 |
| Dodge Grand Caravan SE | $3,805 |
| Toyota Tacoma 2WD | $3,978 |
| Ford Focus SE 4-Dr Sedan | $3,984 |
| Chevrolet Impala LT | $4,010 |
| Toyota RAV4 4WD | $4,017 |
| Chevrolet Equinox LS AWD | $4,010 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $4,219 |
| Get a Custom Quote Go | |
Cost estimates assume single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in specific Fort Wayne, IN garaging location which can affect coverage prices noticeably.
Looking at the numbers, we can conclude that vehicles like the Honda Accord, Honda CR-V, and Ford Escape are likely to be the cheaper vehicles to insure for teen drivers. The price for an auto insurance policy will be higher anyway because there is more risk for 17 year olds, but generally speaking those models will most likely have the lowest insurance prices compared to other types of vehicles.
Selecting the right car insurance provider can be rather challenging considering how many different companies sell coverage in Indiana. The ranking information below can help you choose which insurers you want to consider when shopping your coverage around. These rankings are for the largest auto insurers in America, so companies that may only write in Indiana are not factored into the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
How to get discounts on Fort Wayne insurance rates
Car insurance companies that offer coverage for 17 year olds may also give you special discounts that could lower prices by 40% or more if you qualify. A list of companies and a summarized list of policyholder discounts include:
- American Family may include discounts for multi-vehicle, good driver, early bird, accident-free, good student, and bundled insurance.
- Farm Bureau discounts include safe driver, multi-vehicle, good student, youthful driver, and multi-policy.
- State Farm has discounts for Steer Clear safe driver discount, good student, Drive Safe & Save, passive restraint, student away at school, and good driver.
- Travelers offers discounts including driver training, good student, multi-car, new car, multi-policy, and payment discounts.
- The Hartford includes discounts for anti-theft, bundle, good student, air bag, driver training, vehicle fuel type, and defensive driver.
- GEICO offers premium reductions for good student, anti-theft, air bags, anti-lock brakes, membership and employees, multi-vehicle, and daytime running lights.
- Progressive may have discounts that include continuous coverage, good student, multi-vehicle, online quote discount, and homeowner.
The example below illustrates the difference between insurance costs with and without some available policy discounts. The premium estimates are based on a male driver, no driving violations, no at-fault accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with continuous coverage, paid-in-full, paperless filing, anti-theft, passive restraint, and good student discounts applied. When these discounts are applied, theamount saved on insurance for 17 year olds is 28% or $471.
Why you should be shopping around
Indiana insurance rates are based on many factors which can significantly increase or decrease the price you pay for coverage. Improving your credit score, marrying your spouse, or getting a couple of tickets may generate price changes that may make certain companies more affordable than competitors.
Not only may your situation change, but auto insurance companies amend pricing as often as every three months to adjust for unexpected claims or profits. Higher than normal claim frequency or severity can result in a rate increase, while less frequent claims may result in lower-cost Fort Wayne car insurance rates.
The graph below shows which company has the cheapest car insurance in Fort Wayne, IN for a 45-year-old female driver with no accidents, a clean driving record, and excellent credit. If we compare prices based on her current risk profile, Travelers may have the lowest car insurance rates in Fort Wayne at $653 per year. This is $587 less than the average rate paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and The Hartford are the rest of the cheapest Fort Wayne, IN auto insurance companies.
In this next rate comparison, we will give the driver from the first example an at-fault accident, less-than-perfect credit, and a couple of points charged on her driving record. Due to the fact that every insurance company has a proprietary method to determine rates, getting updated rate quotes may now present a completely different list of cheap Fort Wayne auto insurance companies as shown below.
Indiana Farmers Mutual now has the lowest price on auto insurance in Fort Wayne with Auto-Owners, USAA, Nationwide, and Motorists Mutual completing the list. This example illustrates why it is important to perform an extensive rate comparison when trying to find the cheapest car insurance quotes for 17 year olds. Car insurance prices are determined by many factors and change frequently, so the most economical option the last time you shopped your coverage around may now cost much more than other companies.
How to find low-cost insurance for 17 year olds
Lowering your rates is not difficult, and here are a few penny-pinching suggestions that can help Indiana drivers locate cheap car insurance.
- Insure your home and auto with the same company
- Pay for smaller claims out-of-pocket
- Good credit scores may make rates cheaper
- Increase your comprehensive and collision deductibles
- Vehicles with safetly features generally cost less to insure
- Do not pay for comprehensive and collision coverage on older vehicles
- Shop your coverage around for the best deal
The last tip in the list is notably critical, as was pointed out in this piece. Prices charged by companies can be adjusted at any time, so don’t be tentative to buy from a different company if a better deal can be had.
Brand loyalty is great, but it isn’t a good idea if that faithfulness ends up costing you hundreds of dollars year after year. In just a couple of minutes you could compare rates and find cheaper car insurance for 17 year olds in Fort Wayne.
If you wish to get help from a professional when comparing insurance rates for teen drivers, the agents shown below are willing to provide answers to your questions and help you determine which car insurance policy is best. To find a Fort Wayne insurance agency by location nearest to you, click the button below the list.
Allstate Insurance: Steven Westrick
8938 Lima Rd Suite R – Fort Wayne, IN 46818 – (260) 489-3977
Melissa Satterthwaite – State Farm Insurance Agent
7757 Coldwater Rd – Fort Wayne, IN 46825 – (260) 489-5503
Short Associates, Inc.
2855 E Dupont Rd – Fort Wayne, IN 46825 – (260) 482-7077