Comparing rates for low-priced insurance is challenging, and figuring out which companies have the most affordable auto insurance rates for a school permit requires even more rate comparisons. Each insurer uses their own formula for setting prices, so let’s rank the lowest cost auto insurance companies in Indiana.
It’s important to know that Fort Wayne auto insurance rates are impacted by many things that can increase the price of coverage. This price fluctuation is why Indiana drivers need to compare many different companies when trying to get the most affordable insurance quotes for a school permit. Insurance rates consist of many risk factors and change dramatically, so the most affordable company six months ago may now cost much more than other companies.
Best Auto Insurance Prices for Students
|Rank||Company||Cost Per Year|
|7||Indiana Farmers Mutual||$875|
|Find Cheaper Rates Go|
Travelers normally has some of the cheapest car insurance rates in Fort Wayne at around $620 each year. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the cut as some of the most economical Fort Wayne, IN auto insurance companies.
As the rates illustrate above, if you have coverage with Erie and switched to Cincinnati Insurance, you might achieve a yearly price reduction of in the neighborhood of $48. Customers with Western Reserve could save as much as $182 a year, and The Hartford insureds might reduce rates by $191 a year.
If you want to see how much you could save, click here to start your custom quote or visit several of the following companies.
Be aware that those prices are averages across all types of insureds and vehicles and do not take into consideration a specific zip code for a school permit. So the auto insurance company that has the lowest price for you 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 data and vehicle information.
The type of vehicle on the policy is one of the biggest factors in finding the lowest-priced car insurance for a school permit. Vehicles with average performance, a plethora of safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than adrenaline junky models. The next table shows insurance costs for the cheapest vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$3,277|
|Honda CR-V EX 2WD||$3,283|
|Ford Escape XLT 4WD||$3,308|
|Ford F-150 FX2 Super Cab 2WD||$3,687|
|Toyota Tacoma 4WD||$3,694|
|Jeep Wrangler Rubicon 4WD 2-Dr||$3,687|
|Ford Explorer XLT 2WD||$3,697|
|Chevrolet Impala LS||$3,856|
|Volkswagen Jetta LE 4-Dr Sedan||$3,887|
|Dodge Grand Caravan Hero||$3,894|
|Toyota RAV4 Limited 4WD||$3,887|
|Chevrolet Silverado LT Extended Cab 4WD||$3,893|
|Chevrolet Equinox LT 2WD||$3,887|
|Chevrolet Malibu LT||$3,916|
|Honda Civic VP 4-Dr Sedan||$4,056|
|Hyundai Elantra GLS 4-Dr Sedan||$4,087|
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in your specific Fort Wayne, IN location which can modify price quotes noticeably.
Based upon these rates, we can tell that makes and models like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Ford F-150 are most likely to be a few of the most economical vehicles to insure for a learners permit. The price of auto insurance will be higher anyway because there is more liability risk for a school permit, but in general those specific models will tend to have the least expensive rates that you are likely to find.
For a learners permit, one of the big considerations that are looked at to determine auto insurance rates is where you live in Fort Wayne. Regions with more people or even just more weather-related claims will most likely have higher rates, whereas areas with less congestion tend to receive cheaper rates.
The following table ranks the most expensive cities in Indiana for a school permit to buy an auto insurance policy in. Fort Wayne is ranked #19 costing $947 for car insurance, which is approximately $79 monthly.
|Rank||City||Premium Per Year|
|Find Cheaper Insurance Go|
Table data uses approximated as specific Fort Wayne garaging address can alter insurance rates substantially.
Auto insurance rates are higher with tickets and accidents
The obvious way to snag affordable auto insurance prices for a learners permit is to drive carefully and have a clean driving record. The information below shows how speeding tickets and at-fault accidents increase annual premium costs for different categories of driver ages. The premium estimates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
In the previous example, the average cost of car insurance in Indiana per year with a clean driving record and no accidents is $1,613. Get written up for one speeding ticket and the average cost jumps to $1,816, an increase of $203 each year. Then add in one accident along with the one speeding ticket and the annual cost of auto insurance for a school permit goes up to an average of $2,388. That’s an increase of $774, or $65 per month, just for not being more responsible behind the wheel!
How to get discounts on Fort Wayne auto insurance rates
Insurance providers that offer coverage for a school permit may have premium discounts that can lower rates by as much as 25% or more if you meet eligibility requirements. Large auto insurance companies and a summarized list of policyholder discounts can be found below.
- GEICO may offer discounts for anti-theft, emergency military deployment, seat belt use, good student, and driver training.
- Auto-Owners Insurance offers discounts including paid in full, air bags, safe vehicle, anti-lock brakes, and anti-theft.
- American Family policyholders can earn discounts including defensive driver, early bird, TimeAway discount, mySafetyValet, good driver, and accident-free.
- Esurance offers discounts for claim free, safety device, anti-theft, online quote, and online shopper.
- Progressive includes discounts for multi-policy, multi-vehicle, good student, homeowner, and online quote discount.
- State Farm offers premium reductions for Drive Safe & Save, driver’s education, passive restraint, anti-theft, Steer Clear safe driver discount, good driver, and safe vehicle.
- AAA discounts include multi-policy, AAA membership discount, good student, education and occupation, and good driver.
The diagram below illustrates the difference between yearly insurance costs with and without discounts applied to the policy premium. The premiums are based on a female driver, no claims, a clean driving record, Indiana state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with paid-in-full, vehicle safety, passive restraint, paperless filing, anti-theft, and good student discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for a school permit is 28% or $451.
Which auto insurance company is best in Indiana?
Picking the top auto insurance company can be difficult considering how many companies are available to choose from in Indiana. The information listed below could help you analyze which car insurance companies to look at when insurance shopping for a school permit.
The rankings below are for companies that insure vehicles nationwide, so smaller companies that only insure vehicles in Indiana are not factored into these rankings. To get rate quotes from these and other companies in Indiana, just click here.
Top 10 Large Car Insurance Companies in Fort Wayne Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
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%
How to find the cheapest insurance for a school permit
It is possible to find better rates, and here are many thrifty solutions that can help drivers find more affordable car insurance.
- Serious violations like DUI or reckless driving can increase rates dramatically
- Try to pay small claims out-of-pocket
- Avoid preventable accidents
- Maintaining good credit helps earn cheaper rates
- Safer vehicles generally have cheaper insurance rates
- Compare rate quotes often
That last tip is highly necessary, as was emphasized in the prior article. Coverage prices in Fort Wayne vary considerably, so drivers shouldn’t hesitate to buy a policy from a new company if you find a better deal.
Many drivers have brand loyalty and that’s fine, but we do not recommend it if that stubbornness costs you hundreds of dollars a year. It only takes a couple minutes to shop around to find cheaper insurance for a school permit.
If you like to have some professional guidance when shopping for the best coverage for a school permit, the agents listed below can most likely aid you in deciding which coverages and limits you need.
To locate a Fort Wayne insurance agent close to you, click the button after the list or click here to get price quotes now.
Farmers Insurance – Shea Smith
1104 W State Blvd – Fort Wayne, IN 46808 – (260) 420-2000
John Hayes – State Farm Insurance Agent
6407 Stellhorn Rd – Fort Wayne, IN 46815 – (260) 486-4711
Allstate Insurance: Darren Vogt
5830 E State Blvd – Fort Wayne, IN 46815 – (260) 493-3507
Andrew Stores – Prudential Financial
2420 Coliseum Blvd North, Suite 100 – Fort Wayne, IN 46805 – (260) 310-6018