The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, in particular when you are shopping around for the best coverage prices for veterans. To help control this cost, let’s learn about some of the factors that have an effect on car insurance prices, and find out if we can help you lower the cost of your next policy.
The vehicle you are insuring is one of the main factors when comparison shopping for the best cheap auto insurance for veterans. Vehicles with lower acceleration and performance, excellent safety ratings, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models.
The table below estimates coverage rates for the most economical vehicles to insure in Indiana.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$849|
|Honda CR-V EX 4WD||$859|
|Chevrolet Impala LS||$880|
|Chevrolet Equinox LS AWD||$898|
|Ford Edge SE 2WD||$906|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$911|
|Honda Accord EX-L 4-Dr Sedan||$927|
|Toyota Tacoma 2WD||$957|
|Chevrolet Malibu LTZ||$963|
|Jeep Grand Cherokee Laredo 2WD||$978|
|Ford Focus S 4-Dr Sedan||$983|
|Honda Odyssey EX W/Rear Entertainment||$992|
|Honda Civic DX 4-Dr Sedan||$983|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,000|
|GMC Sierra SL Extended Cab 2WD||$1,006|
|Volkswagen Jetta LE 4-Dr Sedan||$1,011|
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium amounts do not factor in specific garaging location which can impact premium rates significantly.
Based upon the rates shown, you can figure that makes and models like the Ford Escape, Honda CR-V, Chevrolet Impala, and Chevrolet Equinox are most likely going to be a few of the cheaper vehicles to insure for veterans.
Finding good, reasonably-priced auto insurance is not the easiest thing to accomplish, and determining which companies offer the lowest-priced insurance rates for veterans takes even more rate comparisons. Each company has their own guidelines to determine rates, so we’ll go over the insurance companies that tend to have lower prices in Fort Wayne.
It’s important to understand that Fort Wayne insurance rates are influenced by many factors that control the price you pay for coverage. Things like getting older, buying a home instead of renting, or having a fender bender can produce rate changes resulting in some rates now being much higher than others.
Find Cheaper Auto Insurance for Vets
Travelers may have some of the lowest car insurance rates in Fort Wayne at around $614 each year. USAA, Cincinnati Insurance, Erie, and Western Reserve would also be considered some of the most economical Fort Wayne, IN auto insurance companies.
As illustrated above, if you are insured with Erie and switched to USAA, you might achieve savings of in the vicinity of $59. Customers with Western Reserve might save as much as $179 a year, and Indiana Farmers Mutual customers might see rate reductions of $208 a year.
Understand that those prices are averaged across all types of drivers and the different vehicles they drive and are not factoring in an exact vehicle garaging location for veterans. So the car insurance company that can offer you the lowest price may not even be in the top 36 companies in the list above. That is why you need to get quotes using your own specific driver information and vehicle.
One of the many factors that are used to help calculate car insurance rates is where you choose to live. Areas with more people or higher crime rates tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents benefit from having to pay less for coverage.
The illustration below rates the highest-priced places in Indiana for veterans to buy auto insurance in. Fort Wayne ranks #13 with an annual premium of $976 for car insurance, which is about $81 per month.
|Rank||City||Premium Per Year|
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Premium costs are comparative as the vehicle garaging location can increase or decrease auto insurance rates noticeably.
Discounts on Fort Wayne car insurance rates
Insurance companies that provide coverage for veterans may have special discounts that can lower rates by 25% or more if you are eligible to receive them. Companies and some of the discounts include:
- The Hartford offers discounts for good student, anti-theft, air bag, vehicle fuel type, and defensive driver.
- American Family has discounts for Steer into Savings, bundled insurance, TimeAway discount, good driver, good student, accident-free, and mySafetyValet.
- Progressive may have discounts that include homeowner, multi-policy, good student, online signing, online quote discount, continuous coverage, and multi-vehicle.
- Travelers offers discounts including IntelliDrive, home ownership, save driver, driver training, and good student.
- Farmers Insurance may include discounts for early shopping, good student, homeowner, switch companies, and multi-car.
- USAA discounts include defensive driver, vehicle storage, multi-vehicle, new vehicle, and good student.
- Liberty Mutual may offer discounts for exclusive group savings, hybrid vehicle, multi-policy, good student, multi-car, and new vehicle discount.
The diagram below shows the comparison of insurance costs with and without discounts being applied to the rates. Data assumes a male driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multiple vehicle, anti-theft, homeowner, safe-driver, and accident-free discounts applied. When drivers take advantage of discounts, theamount saved on insurance for veterans is 28% or $407.
Selecting the highest-rated auto insurance company is hard considering how many choices drivers have in Indiana. The company information in the lists below can help you decide which auto insurance companies you want to consider comparing rates from. The rankings below are only made up of companies that insure vehicles across America, so companies that may only write in Indiana will not be included in the list.
Top 10 Large Car Insurance Companies Overall in Fort Wayne
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
Top 10 Large Car Insurance Companies in Fort Wayne Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Why you are probably overpaying for car insurance
Indiana insurance rates are influenced by many factors which can substantially change the cost of your policy. Getting older, adding a teenager to your policy, or getting a speeding ticket can trigger price changes that can make some companies cheaper than competitors. Additionally, auto insurance companies file new rates at least once a year as an adjustment for underwriting gains or losses. Unexpectedly high claims may result in rate hikes, while lower claims may result in more affordable Fort Wayne car insurance rates.
For example, the bar chart below demonstrates which company has the cheapest car insurance in Fort Wayne, IN for a 35-year-old male driver with no accidents or violations, and good credit. Based on his current risk factors, Travelers has the cheapest car insurance rates in Fort Wayne at $659 each year. This is $581 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual are the rest of the cheapest Fort Wayne, IN auto insurance companies.
The chart below compares rates after we give the driver from the above example a couple of claims, bad credit, and a blemish on his driving record. Since each insurance company has a different process to establish rates, comparing insurance quotes will most likely result in a different list of affordable Fort Wayne car insurance companies as shown below.
Western Reserve now has the lowest car insurance rate in Fort Wayne with Auto-Owners, Cincinnati Insurance, Nationwide, and Motorists Mutual completing the list. This example illustrates why it is important to perform an extensive rate comparison to get the best car insurance quotes for veterans. Car insurance prices can be determined by many risk factors and can increase or decrease at any time, so the cheapest rate when you last compared rates may now be quite expensive.
How to find more affordable auto insurance for veterans
The list below details many thrifty ideas that can help Fort Wayne drivers buy cheaper coverage.
- Violations and traffic tickets increase rates
- Drive attentively and avoid accidents
- Drop full coverage on older vehicles
- Raise your deductibles
- Discounts for being claim-free can be substantial
- Compare rates regularly and switch companies to save money
That last tip is especially necessary, as we noted in this piece. Prices vary considerably, so drivers shouldn’t hesitate to switch to a new company if you can find a cheaper rate.
Sticking with a specific company is fine, but it’s not a great idea if that stubbornness costs you several hundred dollars every year. Now is a great time to compare rates to find cheaper car insurance for veterans in Fort Wayne.
The insurance agencies below can provide answers to your questions and help you determine which insurance coverage you need, as some people prefer to have some advice when comparing insurance rates for veterans. It’s not always easy to find the cheapest rate yourself, and getting professional guidance from a licensed agent can give satisfaction knowing your coverage gives you suitable coverage if you ever need to use it. To locate a Fort Wayne auto insurance agent in your neighborhood, click the link at the bottom.
John Carr – State Farm Insurance Agent
1018 E Dupont Rd – Fort Wayne, IN 46825 – (260) 489-3838
Farmers Insurance – Adrian Hernandez
3474 Stellhorn Rd – Fort Wayne, IN 46815 – (260) 485-0122
Hoch Insurance Inc
209 E Washington Center Rd – Fort Wayne, IN 46825 – (260) 471-7555