Who Has Cheap Auto Insurance Quotes for College Graduates in Fort Wayne?

One of the many considerations that are used to help calculate the cost of insurance is where you keep your vehicle. Larger areas tend to pay more, whereas more rural areas receive better rates.

The information below sorts the priciest cities in Indiana for college graduates to buy car insurance in. Fort Wayne ranks #15 with an annual premium of $976 for the average policy, which is approximately $81 per month.

How much does car insurance cost in Fort Wayne, IN?
Rank City Annual Rate
1 Gary $1,360
2 Hammond $1,314
3 Merrillville $1,139
4 Lawrence $1,099
5 Portage $1,093
6 Indianapolis $1,092
7 Evansville $1,055
8 Jeffersonville $1,048
9 Terre Haute $1,035
10 New Albany $1,028
11 Anderson $1,011
12 Kokomo $1,011
13 Elkhart $985
14 Columbus $984
15 Fort Wayne $976
16 Mishawaka $965
17 Richmond $964
18 Noblesville $958
19 Bloomington $958
20 Carmel $957
21 South Bend $956
22 Fishers $945
23 Greenwood $931
24 Muncie $927
25 Lafayette $899
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Rate quotes are approximated as specific Fort Wayne garaging address can revise premiums considerably.

The make and model of vehicle needing coverage is one of the primary factors when looking for the most affordable car insurance for college graduates. Vehicles with high performance engines, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than safer models. The next table presents insurance premiums for some of the most economical vehicles to insure in Indiana.

Cheapest Vehicles to Insure in Fort Wayne, IN
Make and Model Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $907
Honda CR-V LX 2WD $912
Hyundai Elantra SE Touring Station Wagon $986
Ford Edge SE 2WD $997
Volkswagen Jetta LE 4-Dr Sedan $1,076
Chevrolet Equinox LT AWD $1,085
Ford Explorer Eddie Bauer 4WD $1,096
Ford Escape Limited 4WD $1,111
Ford F-150 FX2 Super Cab 2WD $1,113
Toyota Prius $1,136
Toyota Tacoma 2WD $1,154
Honda Odyssey EX W/Rear Entertainment $1,161
Chevrolet Malibu LTZ $1,154
Jeep Grand Cherokee Limited 2WD $1,160
Dodge Grand Caravan CV $1,156
Jeep Wrangler Sahara 4WD 2-Dr $1,164
Toyota RAV4 4WD $1,177
Ford Focus SE 4-Dr Sedan $1,184
Chevrolet Impala LT $1,212
Toyota Camry Hybrid $1,231
Chevrolet Silverado LT Crew Cab 2WD $1,240
Kia Optima EX $1,231
Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD $1,252
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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, safe-driver, multi-vehicle, claim-free, and homeowner. Rate quotes do not factor in specific zip code location which can change coverage rates substantially.

Looking at the numbers, you can infer that cars like the Honda Accord, Honda CR-V, and Hyundai Elantra will be the cheapest vehicles to insure for college grads.

Discounts on Fort Wayne car insurance

Cheaper Fort Wayne, IN insurance for college gradsInsurance companies that provide coverage for college graduates may also provide discounts that may potentially lower prices by as much as 35% or more if you meet certain criteria. A list of companies and their possible discounts are:

The chart below visualizes the comparison of auto insurance costs with and without discounts. The premiums assume a male driver, a clean driving record, no claims, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with claim-free, homeowner, marriage, accident-free, vehicle safety, and multiple policy discounts applied. When discounts are applied, the average savings per year on insurance for college graduates is 28% or $549.

Fort Wayne insurance companies

Picking the top company can be challenging considering how many different companies there are to choose from in Fort Wayne. The ranking data shown below may help you select which companies to look at when shopping your coverage around.

These ratings are for companies that insure vehicles across America, so companies that only write business in Indiana or surrounding areas are not taken into consideration for these rankings. To compare prices from these top-rated insurers and more, simply click here.

Top 10 Large Auto Insurers in Fort Wayne Ranked by Customer Service

  1. Nationwide
  2. State Farm
  3. Safeco Insurance
  4. American Family
  5. Titan Insurance
  6. Travelers
  7. Liberty Mutual
  8. GEICO
  9. Erie Insurance
  10. Allstate

Top 10 Large Auto Insurers in Fort Wayne Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. GEICO
  7. AAA Insurance
  8. Safeco Insurance
  9. Esurance
  10. The General

Don’t make the mistake of not shopping around

Fort Wayne insurance rates are impacted by many things that control the cost of having a policy. Getting older, moving to a different location, or having an at-fault accident can produce rate changes resulting in some rates now being much cheaper than others.

Not only that, but auto insurance companies change the rates they charge in Indiana without warning to help ensure profitability. Higher than normal claims may cause additional premium costs, while a profitable period may result in cheaper Fort Wayne car insurance rates.

For example, the bar chart below shows the cheapest car insurance in Fort Wayne, IN for a 45-year-old male driver with no accidents or violations, and excellent credit. When comparing rates based on his current risk profile, Travelers offers the cheapest car insurance rates in Fort Wayne at $666 annually. This is $574 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are the remainder of the top five cheapest Fort Wayne, IN auto insurance companies.

In the next rate comparison, we’ll give the driver from the first set of rates a chargeable claim, less-than-perfect credit, and a speeding ticket. Since each auto insurer has a proprietary formula to set policy rates, comparing prices may now result in a different list of the cheapest Fort Wayne car insurance companies as shown below.

The Hartford now has the lowest price in Fort Wayne with Auto-Owners, USAA, Nationwide, and Erie now being in the top five. This example illustrates why it is critical to compare many different companies to get the most affordable auto insurance rates for college graduates.

Insurance prices are influenced by many risk factors and can decrease or increase without notice, so the cheapest rate six months ago may now be wasting a lot of money.

How to find economical car insurance for college graduates

The list below summarizes some of the better thrifty solutions that can help you get cheap auto insurance.

That last tip is extremely important, as was discussed in the prior article. Prices charged by auto insurers in Fort Wayne fluctuate considerably, so don’t be hesitant to switch companies if you find a better deal.

Many consumers stick with the same company and that’s fine, but is isn’t recommended if that loyalty results in overpaying a wad of cash every year. In just a few minutes you could compare prices to find cheaper car insurance for college graduates.