The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, specifically when trying to find the best coverage prices for inexperienced drivers. In an attempt to save some money, let’s go over some of the things that influence car insurance premiums, and find out if you can take the sting out of your next policy.
The car, truck, or SUV to be insured is one of the largest considerations when looking for the most affordable coverage for inexperienced drivers. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of having liability claims will cost substantially less to insure than adrenaline junky models.
The list below presents car insurance premiums for a selection of the more affordable vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Jeep Wrangler Sport 4WD 2-Dr | $906 |
| Ford Edge SE 2WD | $961 |
| Honda CR-V EX-L 4WD | $978 |
| Ford Escape XLT 4WD | $987 |
| Toyota Tacoma 4WD | $980 |
| Honda Accord EX 4-Dr Sedan | $991 |
| Toyota RAV4 Sport 4WD | $1,037 |
| Ford F-150 XL Super Cab 2WD | $1,050 |
| Ford Explorer Limited 4WD | $1,058 |
| Toyota Prius | $1,065 |
| Hyundai Elantra SE Touring Station Wagon | $1,069 |
| Honda Civic LX-S 4-Dr Sedan | $1,073 |
| Ford Fusion SE 4-Dr Sedan | $1,113 |
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Price estimates do not factor in vehicle location which can influence rates greatly.
Looking at the numbers, we can infer that cars like the Jeep Wrangler, Ford Edge, and Honda CR-V are the most budget-friendly vehicles to insure for new drivers.
Comparing rates for reasonably-priced car insurance is not the easiest thing to accomplish, and finding out which company quotes the cheapest car insurance rates for inexperienced drivers requires even more shopping around. Each insurer has their own process for determining rates in each state, so we need to take a look at the car insurance companies with the overall best prices in Indiana.
Keep in mind that Fort Wayne car insurance rates are based on many factors that will increase or decrease the cost of having a policy. Things like having a birthday, increasing deductibles, or getting into an accident can trigger rate changes that can cause some rates to be cheaper than competitors.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $620 |
| 2 | USAA | $661 |
| 3 | Cincinnati Insurance | $664 |
| 4 | Erie | $733 |
| 5 | Western Reserve | $838 |
| 6 | Indiana Farmers Mutual | $867 |
| 7 | The Hartford | $881 |
| 8 | Auto-Owners | $888 |
| 9 | Nationwide | $930 |
| 10 | Hastings Mutual | $973 |
| 11 | Safeco | $983 |
| 12 | Motorists Mutual | $986 |
| 13 | Utica National | $995 |
| 14 | State Farm | $997 |
| 15 | Farmers | $1,033 |
| 16 | Wolverine Mutual | $1,072 |
| 17 | GEICO | $1,089 |
| 18 | Westfield | $1,105 |
| 19 | Progressive | $1,128 |
| 20 | State Auto | $1,131 |
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Travelers normally has some of the cheapest car insurance rates in Fort Wayne at around $620 a year. This is $620 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve would also make the list of some of the best Fort Wayne, IN auto insurance companies.
As illustrated above, if you currently buy coverage from USAA and switched to Travelers, you may see a yearly savings of around $41. Indiana drivers with Cincinnati Insurance might save as much as $44 a year, and Erie customers might lower prices by up to $113 a year.
Understand that those premium estimates are averaged across all drivers and vehicles in Indiana and do not factor in a specific vehicle garaging location for inexperienced drivers. So the company that fits your needs best 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 and vehicle profiles.
How to get discounts on Fort Wayne insurance rates
Auto insurance companies that offer quotes for inexperienced drivers may additionally offer policy discounts that may potentially lower prices by as much as 30% if you qualify for them. A list of companies and their possible discounts are outlined below.
- State Farm offers premium reductions for Drive Safe & Save, passive restraint, good driver, Steer Clear safe driver discount, multiple autos, safe vehicle, and driver’s education.
- GEICO may have discounts that include anti-theft, military active duty, multi-vehicle, daytime running lights, defensive driver, and driver training.
- Progressive has discounts for online quote discount, good student, multi-vehicle, continuous coverage, and online signing.
- 21st Century offers discounts for defensive driver, teen driver, good student, driver training, student driver, theft prevention, and automatic seat belts.
- American Family includes discounts for TimeAway discount, defensive driver, accident-free, air bags, early bird, and Steer into Savings.
- The Hartford policyholders can earn discounts including anti-theft, air bag, vehicle fuel type, defensive driver, good student, and driver training.
- AAA may offer discounts for multi-policy, good driver, multi-car, pay-in-full, education and occupation, anti-theft, and good student.
The illustration below compares insurance prices with and without discounts applied. The rate quotes are based on a male driver, a clean driving record, no claims, Indiana state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, anti-theft, claim-free, multiple vehicle, marriage, and multiple policy discounts applied. In this example, the average savings per year on car insurance for inexperienced drivers is 28% or $556.
Choosing the top insurance company can be a challenge considering how many choices there are in Indiana. The company rank data displayed below may help you choose which auto insurance companies you want to consider purchasing from. The rankings below are only comprised of the companies with a significant amount of written premium nationwide, so companies that focus mainly on Indiana business are not factored into the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
What aren’t you shopping around?
Fort Wayne car insurance rates are based on many factors which can substantially change the cost of a policy. Improving your credit rating, adding a teenager to your policy, or getting a couple of tickets can trigger changes in premium resulting in some rates now being cheaper than others.
In addition to those changes, insurers change prices every year or even multiple times each year to adjust for unexpected claims or profits. Significantly higher losses may cause rate increases, while a better loss history can produce more affordable Fort Wayne car insurance rates.
The data below shows rates for the cheapest car insurance in Fort Wayne, IN for a 40-year-old female driver with no accidents or violations, and great credit. If we look at prices based on her personal profile, Travelers might offer the best car insurance rates in Fort Wayne at $634 per year. This is $606 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are also included in the best Fort Wayne, IN auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example a chargeable claim, slightly worse credit, and a few traffic violations. Since every car insurance company uses a different method to establish rates, comparing rates may now show a different ranking of companies as shown below.
The Hartford now has the cheapest car insurance in Fort Wayne with USAA, Auto-Owners, Nationwide, and State Farm completing the list. This shows why consumers need to take the time to compare as many rates as possible to find affordable car insurance rates for inexperienced drivers.
Auto insurance prices are influenced by many factors and change dramatically, so the best price the last time you shopped around may now be priced much higher than other options.