If you want to save money, the best way to get budget auto insurance rates in Fort Wayne is to compare prices annually from insurance carriers who can sell car insurance in Indiana. You can compare prices by following these steps.
Step 1: Take a little time to learn about the different coverages in a policy and the measures you can take to prevent expensive coverage. Many rating criteria that increase rates like speeding tickets, accidents and an imperfect credit history can be improved by making minor driving habit or lifestyle changes. This article gives more information to help prevent high rates and find missing discounts.
Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
Step 3: Compare the new rate quotes to your existing rates to determine if you can save on GT insurance. If you can save some money and switch companies, ensure there is no coverage lapse between policies.
Step 4: Give proper notification to your current agent or company of your intent to cancel your current coverage. Submit the required down payment along with the signed application to your new insurance company. As soon as you receive it, place the new certificate verifying coverage with the vehicle registration.
One thing to remember is to use identical deductibles and limits on every quote and and to get rates from as many different insurance providers as possible. This enables a level playing field and and a good selection of different prices.
It’s hard to fathom, but a large majority of insurance policyholders have purchased from the same company for at least four years, and approximately 38% of consumers have never compared quotes from other companies. Indiana consumers can save $697 each year by just comparing rate quotes, but they just assume it’s a time-consuming process to go online and compare rates.
If you are insured now or are looking for a new policy, you can use these tips to reduce the price you pay and still have adequate protection. Our objective is to help educate you on the best way to quote coverages. Smart shoppers only have to learn the most efficient way to shop online.
Low Cost companies for Ford GT insurance in Indiana
The companies shown below provide free rate quotes in Indiana. If multiple companies are listed, we suggest you visit as many as you can to get the most competitive price.
Insurance rates and discounts
Some insurers do not list all available discounts very well, so the below list has both the well known and the harder-to-find discounts that you can inquire about if you buy Fort Wayne car insurance online.
- Save over 55 – Drivers over the age of 55 may qualify for reduced rates.
- Seat Belts Save – Drivers who require all occupants to fasten their seat belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.
- Multiple Vehicles – Buying insurance for multiple cars on one policy qualifies for this discount.
- Discount for Good Grades – This discount may save you up to 25%. The discount lasts up to age 25.
- Buy New and Save – Adding a new car to your policy is cheaper compared to insuring an older model.
- Discount for Multiple Policies – If you have multiple policies and insure them with the same company you may earn up to 20% and get you low cost Ford GT insurance.
- Life Insurance Discount – Not all insurance carriers offer life insurance, but some may give you a lower price if you buy a life insurance policy as well.
- Passive Restraints and Air Bags – Factory options such as air bags or motorized seat belts can get savings up to 30%.
- Driver Safety – Completing a course that instructs on driving safety could save 5% or more if you qualify.
- Onboard Data Collection – Drivers who elect to allow companies to analyze driving manner by using a small device installed in their vehicle like Allstate’s Drivewise might see lower rates if they have good driving habits.
As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky. Any amount of discount will lower the amount you have to pay.
Some companies who might offer many of the previously listed discounts include:
If you need lower rates, check with every prospective company how you can save money. A few discounts may not be available in every state. For a list of insurance companies with significant discounts in Indiana, follow this link.
Buying insurance from Fort Wayne auto insurance agents
Some consumers would rather go talk to an agent and doing that can be a smart decision Experienced insurance agents will help you protect your assets and help in the event of a claim. One of the best bonuses of getting online price quotes is that you can obtain the lowest rates but still work with a licensed agent. And providing support for neighborhood insurance agencies is important particularly in Fort Wayne.
To help locate an agent, after submitting this quick form, your coverage information is sent to agents in your area that give free quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to contact any agents due to the fact that quote results will go to the email address you provide. If you need to get a comparison quote from a specific company, you would need to visit that company’s website and complete a quote there.
Picking an company needs to be determined by more than just the premium amount. The questions below may impact your decision as well.
- How many years of experience in personal auto insurance do they have?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Is the agent CPCU or CIC certified?
- Does the agency provide any after hours assistance?
- Are they in the agency full-time?
After talking to the agent and getting positive feedback to any questions you may have and locked in a price quote, chances are good that you have found an insurance company that will provide insurance coverage.
Auto insurance coverages 101
Having a good grasp of your auto insurance policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement.
This coverage will cover damages or injuries you inflict on other people or property. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/10 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against claims like legal defense fees, loss of income, medical services and attorney fees. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible. Indiana state minimum liability requirements are 25/50/10 but you should think about purchasing more liability than the minimum.
The illustration below demonstrates why low liability limits may not be enough coverage.
Medical expense insurance
Med pay and PIP coverage pay for short-term medical expenses like surgery, nursing services, chiropractic care and X-ray expenses. They are utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as damage from a tornado or hurricane, vandalism, falling objects, damage from flooding and damage from getting keyed. The most your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and damage to your Ford GT.
Because many people only carry the minimum required liability limits (which is 25/50/10), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently the UM/UIM limits are set the same as your liability limits.
This will pay to fix damage to your GT resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers claims such as colliding with a tree, colliding with another moving vehicle, scraping a guard rail, damaging your car on a curb and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible on your GT to bring the cost down.
Compare. Compare. Compare.
People switch companies for a variety of reasons including denial of a claim, policy non-renewal, high prices and extreme rates for teen drivers. No matter why you want to switch, finding a new company can be easier than you think.
When shopping online for insurance, don’t be tempted to skimp on coverage in order to save money. There are too many instances where an insured cut liability coverage limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to get the best coverage possible at an affordable rate but still have enough coverage for asset protection.
We just presented some good ideas how to find cheap Ford GT insurance in Fort Wayne. The most important thing to understand is the more price quotes you have, the better likelihood of getting cheaper Fort Wayne car insurance quotes. Drivers may even discover the best prices are with some of the smallest insurance companies.
Even more information can be found in the articles below:
- How to Avoid Staged Accidents (State Farm)
- How Much is Fort Wayne Auto Insurance for First-time Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Teenage Males in Fort Wayne? (FAQ)
- What is the Cheapest Auto Insurance in Fort Wayne, IN? (FAQ)
- What Car Insurance is Cheapest for a Honda CR-V in Fort Wayne? (FAQ)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Choosing an Insurance Company (Insurance Information Institute)
- Understanding your Policy (NAIC.org)