The words “economical” and “auto insurance” really should not be used together, in particular when you are trying to find the lowest insurance rates for Uber drivers. Because it’s so expensive, let’s open your eyes to a few of the things that significantly impact auto insurance rates, and find a way to slash the price of the next policy you buy.
One of the many factors that are looked at to help calculate insurance cost is where you keep your vehicle. Cities with larger populations or higher claim trends tend to pay slightly more, whereas areas with less people or fewer weather incidents benefit from lower coverage costs.
The table below shows the most costly cities in Indiana for Uber drivers to buy car insurance in. Fort Wayne is ranked #16 with an annual rate of $976 for the average insurance policy, which is approximately $81 monthly.
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Prices are estimated as vehicle location can change price quotes considerably.
Figuring out which company offers the cheapest insurance rates for Uber drivers will involve a little more effort in order to find the best policy.
Every auto insurer has their own unique process to set premium rates, so we will examine the insurance companies with the overall cheapest rates in Fort Wayne, IN.
Find the Cheapest Car Insurance for Your Uber Vehicle
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$875|
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Travelers may offer some of the lowest car insurance rates in Fort Wayne at around $602 annually. Cincinnati Insurance, USAA, Erie, and Western Reserve also rank well as some of the cheapest Fort Wayne, IN car insurance companies.
As the example above demonstrates, if you currently have coverage with Erie and switched to Travelers, you might see a yearly price reduction of roughly $124. Policyholders with Western Reserve may save as much as $236 a year, and Indiana Farmers Mutual policyholders might reduce prices by as much as $273 a year.
To see how much you can save, click here to start your free quote or visit any of the companies below.
Be aware that those policy rates are averaged across all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for Uber drivers. So the auto insurance company that has the cheapest price for you may not even be in the list above. That underscores the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.
The vehicle model you are insuring is a significant factor when shopping for the most affordable insurance for Uber drivers. Vehicles with high performance engines, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than more modest models.
The table below features insurance rates for a selection of the most affordable vehicles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Explorer Eddie Bauer 2WD||$968|
|Ford F-150 FX2 Super Cab 2WD||$973|
|Honda Accord LX 4-Dr Sedan||$989|
|Ford Focus SE 4-Dr Sedan||$1,001|
|Honda CR-V EX-L 2WD||$1,012|
|Ford Escape XLT 4WD||$1,017|
|Dodge Grand Caravan Hero||$1,020|
|Chevrolet Impala LT||$1,028|
|Toyota RAV4 Limited 2WD||$1,020|
|Toyota Corolla LE||$1,075|
|Hyundai Elantra SE 4-Dr Sedan||$1,083|
|Nissan Rogue S AWD||$1,092|
|Ford Fusion SE 4-Dr Sedan||$1,096|
|Dodge Ram Quad Cab ST 4WD||$1,113|
|Ford F-350 XL Crew Cab 2WD||$1,115|
|Dodge Ram 3500 Crew Cab ST 2WD||$1,134|
|Ford Edge SE 2WD||$1,159|
|Toyota Camry Hybrid||$1,168|
|Ford F-250 XL Super Cab Cabela Package 2WD||$1,175|
|Chevrolet Equinox LT 2WD||$1,172|
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Data rating is based on single female driver age 50, 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 location which can change rates substantially.
Looking at the rates, you can assume that makes and models like the Ford Explorer, Ford F-150, and Honda Accord will be some of the most economical vehicles to insure for Uber vehicles.
Picking the highest-rated car insurance provider is hard considering how many companies sell coverage in Fort Wayne. The rank data shown below could help you decide which car insurance providers you want to consider when trying to find the cheapest insurance for Uber drivers. These rankings are only made up of the largest companies in the United States, so smaller companies are not factored into the list.
Top 10 Large Auto Insurers in Fort Wayne Ranked by Value
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- 21st Century
Insurance rate increases from tickets or accidents
The obvious way to get affordable insurance premiums in Indiana for Uber vehicles is to drive safely and not get tickets or have accidents. The chart below illustrates how violations and accidents can raise yearly insurance costs for different age groups. Data assumes a single male driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of auto insurance in Fort Wayne per year with a clean driving record and no accidents is $1,975. Receive one speeding ticket and the average cost rises to $2,225, an increase of $250 each year. Then throw in two accidents along with the one speeding ticket and the yearly cost of insurance for Uber drivers increases to an average of $4,403. That’s an increase of $2,427, or $202 per month, just for not being attentive to the road!
Can you find cheaper Fort Wayne car insurance?
Fort Wayne insurance rates are influenced by many factors that control the price you have to pay. Turning one year older, having a teen driver, or having an accident can produce rate changes that can make some companies more affordable than others.
In addition, car insurance companies modify rates every year or even multiple times each year to adjust for gains or losses. Heavy losses can cause increased rates, while a better claims history can result in more affordable Fort Wayne car insurance rates.
For example, the data below analyzes the cheapest car insurance in Fort Wayne, IN for a 35-year-old male driver with no accidents, a clean driving record, and great credit. If we estimate rates based on his personal risk profile, Travelers may offer the lowest car insurance rates in Fort Wayne at $647 a year. This is $593 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual are the remaining cheapest Fort Wayne, IN auto insurance companies.
Let’s now give the driver from the above example some claims, a lower credit score, and a blemish on his driving record. Because each company has a unique formula for determining prices, analyzing rates could now result in a different ranking of the cheapest car insurance companies in Fort Wayne as shown below.
The Hartford now has the cheapest car insurance in Fort Wayne, IN with Auto-Owners, Cincinnati Insurance, Nationwide, and USAA now rounding out the top five. This example illustrates why it is critical to spend some time comparing rates when trying to find the most economical car insurance quotes for Uber drivers. Prices consist of many factors and change frequently, so the best company the last time you checked may now be quite expensive.
The agencies below can provide answers to your questions and help you determine which car insurance policy is best, since many people would rather get some professional advice when comparing insurance rates for Uber drivers. It’s not always easy to find the cheapest car insurance policy, so getting professional guidance from a licensed agent can give you comfort knowing your policy gives you suitable coverage if you ever need to use it.
To locate an agency by location nearest to you, click the button at the bottom of the list or click here to compare prices now.
- Lupke Rice Insurance-Financial
127 W Berry St # 500 – Fort Wayne, IN 46802 – (260) 424-4150
- Farmers Insurance – Shea Smith
1104 W State Blvd – Fort Wayne, IN 46808 – (260) 420-2000
- Sourceone Group
6628 Constitution Dr – Fort Wayne, IN 46804 – (260) 436-3544
Ideas for buying the cheapest insurance for Uber drivers
The list below summarizes some penny-pinching solutions that can help Indiana drivers locate lower-cost coverage.
- Buying home and auto together can help save money
- Vehicles with safetly features generally cost less to insure
- Older vehicles may not need full coverage
- Pay lower rates with good credit
- At-fault accidents can raise rates significantly
- Keep rates low by shopping around frequently
The last suggestion is highly significant, as we hit on in this write-up. Prices charged by auto insurers can change considerably in a year, so don’t be afraid to switch to a new company if a cheaper rate is available.
We understand brand loyalty, but is isn’t recommended if that loyalty ends up costing money that could be spent on other things. Take a few minutes and compare rates to find cheaper insurance for Uber drivers in Fort Wayne.