Who Has Cheap Auto Insurance for Drivers with Good Credit in Fort Wayne?

One of the many factors that are looked at to help calculate the price you pay for insurance is where you choose to live. Regions with larger populations or more claims will most likely pay more, whereas areas with less congestion tend to receive cheaper rates.

The next table ranks the most costly cities in Indiana for drivers with good credit in which to purchase auto insurance. Fort Wayne is ranked at #19 with the annual price of $947 for the average insured, which is around $79 each month.

Rate quotes are estimated as specific Fort Wayne zip code can influence premium rates significantly.

Deciding which companies offer the lowest-priced auto insurance rates for drivers with good credit will require more time in order to find coverage that fits your budget. Every auto insurer uses different criteria to set their prices, so let’s take a look at the most affordable auto insurance companies in Indiana.

It’s important that you understand Fort Wayne auto insurance rates are calculated based on many things which can substantially change the policy price. Improving your credit score, buying a different vehicle, or getting a couple of tickets may prompt premium changes that may make certain companies more affordable than competitors.

Cheapest Insurance Rates for High Credit

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Travelers may offer some of the most affordable car insurance rates in Fort Wayne at around $596 each year. This is $644 less than the average policy premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also qualify as some of the more affordable Fort Wayne, IN insurance companies.

As shown in the table above, if you are a policyholder with Erie and switched to Travelers, you might achieve yearly savings of about $137. Drivers with Indiana Farmers Mutual may save as much as $253 a year, and The Hartford insureds might reduce prices by as much as $267 a year.

These prices are averages for all insureds and vehicles and do not take into consideration an exact zip code location for drivers with good credit. So the auto insurance company that can offer the best rates for your situation may not even be in the top 36 companies in the list above. That underscores the importance of why you need to get quotes using your own driver data and vehicle information.

Finding a high-quality car insurance provider can be a challenge considering how many companies provide coverage in Indiana. The company information in the lists below could help you select which auto insurance companies to look at comparing rate quotes with.

These rankings are for large, nationwide insurance companies, so smaller companies that only insure vehicles in Indiana are not included in the list. To view rates from the most competitive companies in Indiana, click this link.

Top 10 Major Auto Insurers in Fort Wayne Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Allstate – A+
6. Progressive – A+
7. Erie Insurance – A+
8. The Hartford – A+
9. Nationwide – A+
10. Esurance – A+

Top 10 Major 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

The example below demonstrates how deductibles can affect yearly insurance costs when trying to find cheap insurance for drivers with good credit. The rate quotes are based on a single male driver, full coverage, and no additional discounts are factored in.

The chart above illustrates that a 40-year-old driver could pocket $312 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $470 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old example, could lower their rates $1,042 each year by choosing a higher deductible. When increasing deductibles, it will now be necessary to have spare funds to be able to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Types of discounts on Fort Wayne auto insurance

Auto insurance companies that provide coverage for drivers with good credit may also give you policy discounts that could lower prices by as much as 25% or more if you meet the requirements. Companies and a partial list of their discounts are:

• Progressive offers discounts for good student, online signing, continuous coverage, multi-vehicle, and homeowner.
• The Hartford may offer discounts for bundle, anti-theft, air bag, defensive driver, and vehicle fuel type.
• Mercury Insurance offers premium reductions for good driver, anti-theft, good student, ease of repair, age of vehicle, and location of vehicle.
• GEICO discounts include emergency military deployment, military active duty, defensive driver, air bags, multi-vehicle, and anti-lock brakes.
• AAA may include discounts for good student, anti-theft, good driver, education and occupation, multi-car, pay-in-full, and AAA membership discount.
• State Farm policyholders can earn discounts including multiple autos, student away at school, passive restraint, safe vehicle, good student, anti-theft, and driver’s education.

The diagram below shows the difference between annual premium costs with and without discounts applied to the rates. The data assumes a male driver, no accidents or driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second shows the rates with homeowner, safe-driver, defensive driving course, claim-free, passive restraint, and marriage discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on auto insurance for drivers with good credit is 27% or $443.

Can you find cheaper Fort Wayne car insurance?

Fort Wayne auto insurance rates are impacted by many things which can substantially change the price you pay. Simply having a birthday, buying a different home, or getting a speeding ticket can cause premium changes that can make some companies more affordable than before.

In addition, car insurance companies change rates multiple times each year to ensure their profitability. Heavy losses can cause high rates, while long-term profits can result in cheaper Fort Wayne car insurance rates.

To illustrate this example, the bar chart below shows rates for the cheapest car insurance in Fort Wayne, IN for a 35-year-old female driver with no accidents, a clean driving record, and a decent credit rating. When quoting prices based on her personal risk profile, Travelers offers the cheapest car insurance rates in Fort Wayne at $679 annually. This is $561 less than the average premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual round out the rest of the cheapest Fort Wayne, IN auto insurance companies.

Now let’s give the driver in the first example an at-fault accident, a lower credit rating, and a speeding ticket. Since each auto insurance company has a unique approach to set their prices, comparing insurance quotes may now show a different set of cheap Fort Wayne auto insurance companies as shown below.

The Hartford now has the lowest car insurance rate in Fort Wayne, IN with Auto-Owners, Motorists Mutual, State Farm, and Nationwide also having competitive pricing. This demonstrates why it is crucial to compare rates when trying to get cheap insurance quotes for drivers with good credit. Insurance rates consist of many things and change frequently, so the most economical option the last time you compared rates may now be costing you a lot of money.

The agents listed below are a good start to provide answers to your questions and help you determine which policy is best, as many people would rather have a professional recommendation when shopping for cheaper insurance for financially responsible drivers. It’s not always easy to find the cheapest car insurance policy, and getting professional guidance from a licensed agent can give you comfort knowing your policy gives you adequate protection in the event of a claim.

To locate a Fort Wayne auto insurance agent using an interactive map, click the link after the list.

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