Who Has Cheap Car Insurance Rates for 19 Year Olds in Fort Wayne?

For teenage drivers, one of the big considerations that are looked at to determine auto insurance rates is your address. Cities with more crime and/or more people will most likely have higher rates, whereas less populated areas have the benefit of cheaper car insurance.

The following table shows the highest-priced places in Indiana for 19 year olds to purchase a policy in. Fort Wayne is listed at #18 with an annual cost of $956 for the average insurance policy, which is around $80 each month.

How much does car insurance cost in Fort Wayne, IN?
Rank City Average Per Year
1 Gary $1,388
2 Hammond $1,275
3 Merrillville $1,139
4 Portage $1,126
5 Evansville $1,087
6 New Albany $1,070
7 Terre Haute $1,067
8 Indianapolis $1,060
9 Lawrence $1,055
10 Jeffersonville $1,048
11 Kokomo $1,041
12 Anderson $1,011
13 Bloomington $988
14 Columbus $984
15 South Bend $976
16 Elkhart $965
17 Greenwood $960
18 Fort Wayne $956
19 Fishers $945
20 Richmond $944
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Premium amounts are approximated as specific location information can impact premium rates noticeably.

The car, truck, or SUV on the policy is one of the largest considerations when comparing the cheapest coverage for 19 year olds. Vehicles with high performance engines, a lack of safety features, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models. The list below showcases coverage premiums for the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Fort Wayne, IN
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $3,057
Honda Accord LX-P 4-Dr Sedan $3,064
Ford Escape XLS 2WD $3,057
Toyota Prius $3,348
Chevrolet Impala LS $3,589
Ford Edge SEL 2WD $3,596
Toyota RAV4 Limited 2WD $3,628
Dodge Grand Caravan Crew $3,667
Ford Explorer Eddie Bauer 4WD $3,675
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $3,667
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $3,735
Ford Focus SES 4-Dr Sedan $3,802
Hyundai Elantra SE 4-Dr Sedan $3,841
Honda Odyssey EX-L $3,850
Toyota Corolla LE $3,841
GMC Sierra 2500HD SLE Crew Cab 4WD $3,880
Jeep Grand Cherokee SRT-8 4WD $3,890
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Prices based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in vehicle garaging location which can raise or lower auto insurance rates noticeably.

Looking at the rates, we can tell that models like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Chevrolet Impala are most likely going to be a few of the most economical vehicles to insure for teenage drivers. The price of auto insurance will be more expensive just due to the fact that there is more liability exposure for 19 year olds, but generally speaking those specific models will have the lowest insurance prices compared to other vehicles.

Finding reliable, affordable car insurance is challenging, and deciding which company offers the most affordable car insurance rates for 19 year olds involves even more shopping around. Every auto insurer has their own unique process to set their prices, so we’ll go over the most competitive car insurance companies in Indiana.

It’s important that you understand Fort Wayne car insurance rates are calculated based on many things which can substantially decrease or increase the cost of a policy. This is why consumers need to compare many different companies when trying to find the most economical auto insurance rates for 19 year olds. Prices are influenced by many risk factors and change substantially, so the best option the last time you shopped around may now be costing you a lot of money.

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Cheapest Indiana auto insurance companies
Rank Company Cost Per Year
1 Travelers $602
2 Cincinnati Insurance $684
3 USAA $687
4 Erie $705
5 Western Reserve $838
6 Indiana Farmers Mutual $867
7 The Hartford $881
8 Auto-Owners $888
9 Nationwide $940
10 Utica National $965
11 Motorists Mutual $966
12 State Farm $967
13 Hastings Mutual $973
14 Safeco $1,013
15 Farmers $1,053
16 Westfield $1,072
17 GEICO $1,089
18 Wolverine Mutual $1,094
19 Progressive $1,095
20 State Auto $1,098
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Travelers quotes some of the most affordable car insurance rates in Fort Wayne at around $602 a year. This is $638 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve would also be considered some of the more affordable Fort Wayne, IN insurance companies.

As depicted above, if you are currently insured with Erie and switched to Cincinnati Insurance, you could earn annual savings of in the neighborhood of $21. Drivers with Western Reserve could save as much as $154 a year, and Indiana Farmers Mutual customers might lower prices by up to $183 a year.

It’s important to note that these premiums are averaged for all ages of drivers and types of vehicles and do not factor in a vehicle location for 19 year olds. So the auto insurance company that is most affordable for your situation may not even be in the top 36 companies shown above. That point stresses why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The illustration below highlights how deductible choice can affect insurance costs when getting quotes for cheap insurance for 19 year olds. The premiums are based on a married male driver, comp and collision included, and no other discounts are factored in.

A 40-year-old driver could lower their car insurance rates by $234 a year by switching from a $100 deductible up to a $500 deductible, or save $354 by switching to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could potentially save $782 or even more just by choosing higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it will be important to have enough savings to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Do you need full coverage?

Reducing premiums for car insurance should be important to the majority of people, and one of the easiest ways to find cheap insurance for 19 year olds is to not buy full coverage. The information below visualizes the comparison of car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no discounts are factored in.

Averaged for all age groups, full coverage on your policy costs an extra $1,577 per year over liability only. At some point, almost every driver questions if paying for full coverage is a waste of money. There isn’t a steadfast formula that works best for making the decision to drop physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

Are you paying too much for car insurance in Fort Wayne?

Fort Wayne, IN car insurance rates are based on many factors that may substantially change the price you have to pay. Simply improving your credit, adding a teenager to your policy, or getting a ticket for running a stop sign can trigger changes in premium that may make certain companies more affordable than others.

Additionally, insurance companies modify pricing as often as every quarter to adjust for unexpected claims or profits. A period of increased losses may result in increased rates, while profitable underwriting may produce cheaper Fort Wayne car insurance rates.

To illustrate this point, the graph below shows a variety of companies that have the cheapest car insurance in Fort Wayne, IN for a 30-year-old female driver with no accidents, a clean driving record, and good financial standing. If we estimate prices based on her personal risk profile, Travelers offers the best car insurance rates in Fort Wayne at $667 annually. This is $573 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also included in the most affordable Fort Wayne, IN auto insurance companies.

Now we will pretend the driver from the first rate comparison an accident claim, less-than-perfect credit, and a speeding citation. Since every car insurance company has a unique approach for determining rates in each state, comparing prices could result in a completely different list of the cheapest car insurance companies in Fort Wayne as shown below.

The Hartford now has the best auto insurance rate in Fort Wayne, IN with Auto-Owners, Utica National, State Farm, and Nationwide now being in the top five. This example demonstrates why it is critical to compare many different companies to get the lowest insurance rates for 19 year olds. Insurance prices can be determined by many different factors and can increase or decrease at any time, so the best company the last time you shopped around may now be costing you a lot of money.