One of the more important factors that determine insurance cost is where you keep your car in Fort Wayne. Areas with a lot of weather claims or more people tend to have higher rates, whereas areas with less crime or weather claims benefit from lower prices.
The table below rates the highest-priced places in Indiana for teenage males in which to buy car insurance. Fort Wayne is ranked #15 with a yearly premium of $976 for the average insurance policy, which is approximately $81 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gary | $1,347 |
| 2 | Hammond | $1,275 |
| 3 | Portage | $1,137 |
| 4 | Merrillville | $1,106 |
| 5 | Indianapolis | $1,092 |
| 6 | Jeffersonville | $1,070 |
| 7 | Lawrence | $1,066 |
| 8 | Evansville | $1,045 |
| 9 | Terre Haute | $1,045 |
| 10 | Kokomo | $1,041 |
| 11 | New Albany | $1,028 |
| 12 | Anderson | $1,011 |
| 13 | Elkhart | $995 |
| 14 | South Bend | $976 |
| 15 | Fort Wayne | $976 |
| 16 | Columbus | $975 |
| 17 | Bloomington | $968 |
| 18 | Mishawaka | $965 |
| 19 | Noblesville | $958 |
| 20 | Muncie | $955 |
| 21 | Carmel | $947 |
| 22 | Fishers | $945 |
| 23 | Richmond | $944 |
| 24 | Greenwood | $941 |
| 25 | Lafayette | $899 |
| Compare Rates Now Go | ||
Rates are estimated as the specific geographic location can influence premium rates greatly.
The vehicle that is being insured is a large consideration when shopping around for the best cheap coverage for teenage males. Vehicles with limited speed and performance, good safety features, or a low likelihood of having liability claims will cost significantly less to insure than fast, unsafe models.
The list below estimates car insurance prices for a handful of the most affordable vehicles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $3,704 |
| Honda Accord EX-L 4-Dr Sedan | $3,944 |
| Ford Escape Limited 4WD | $3,951 |
| Toyota Prius | $3,983 |
| Jeep Wrangler Sahara 4WD 2-Dr | $4,112 |
| Dodge Grand Caravan CV | $4,119 |
| Toyota Tacoma 4WD | $4,112 |
| Ford F-150 STX Super Cab 4WD | $4,151 |
| Volkswagen Jetta 2.0T Station Wagon | $4,221 |
| Honda Odyssey EX W/Rear Entertainment | $4,314 |
| Ford Focus S 4-Dr Sedan | $4,320 |
| Toyota RAV4 Limited 4WD | $4,352 |
| GMC Sierra SLE Regular Cab 2WD | $4,358 |
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Premium data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in specific location information which can increase or decrease prices greatly.
Based upon the table data, we can assume that models like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Jeep Wrangler will be some of the most economical vehicles to insure for teen boys. The price for car insurance will tend to be more expensive because there is more claim exposure for teenage males, but in general those models will probably have the lowest insurance prices possible.
Comparing rates for reasonably-priced auto insurance is not easy, and deciding which companies have the cheapest insurance rates for teenage males calls for even more rate comparisons. Every car insurance company uses their own formula for setting prices, so to begin we’ll rank the insurance companies with the overall cheapest rates in Indiana.
It’s important that you understand Fort Wayne insurance rates are influenced by many factors which can significantly increase or decrease the price you pay for coverage. Simply improving your credit score, having a claim, or getting a DUI can trigger price changes resulting in some companies being cheaper than competitors.
Best Car Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $620 |
| 2 | USAA | $681 |
| 3 | Cincinnati Insurance | $684 |
| 4 | Erie | $712 |
| 5 | Western Reserve | $864 |
| 6 | Indiana Farmers Mutual | $875 |
| 7 | The Hartford | $881 |
| 8 | Auto-Owners | $915 |
| 9 | Motorists Mutual | $956 |
| 10 | Nationwide | $958 |
| 11 | Utica National | $965 |
| 12 | State Farm | $967 |
| 13 | Hastings Mutual | $1,003 |
| 14 | Safeco | $1,013 |
| 15 | Farmers | $1,064 |
| 16 | Westfield | $1,072 |
| 17 | State Auto | $1,087 |
| 18 | Wolverine Mutual | $1,094 |
| 19 | Progressive | $1,095 |
| 20 | GEICO | $1,122 |
| Get Personalized Rates Go | ||
Travelers generally has some of the cheapest car insurance rates in Fort Wayne at around $620 per 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 insurance companies.
As depicted above, if you are currently insured with Western Reserve and switched to USAA, you might realize a yearly savings of roughly $183. Drivers with Indiana Farmers Mutual could save as much as $194 a year, and The Hartford policyholders might lower prices by $200 a year.
To discover how much you can save, click here to begin a quote or visit any of the low-priced companies below.
These prices are averaged across all types of insureds and vehicles and do not take into consideration an exact vehicle garaging location for teenage males. So the 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 multiple companies using your own driver and vehicle profiles.
Difference between liability only and full coverage rates
Saving on insurance should be important to the majority of drivers, and one of the best ways to buy cheaper insurance for teenage males is to buy liability only. The chart below visualizes the comparison of car insurance rates with full coverage compared to only the Indiana minimum liability coverage. The premium estimates are based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no discounts are factored in.
Averaged out for all age groups, physical damage coverage costs an extra $1,328 per year over liability only. At some point, almost every driver questions if it’s worth it to buy full coverage. There is no exact rule for eliminating full coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
There are some scenarios where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Picking the best insurer can be rather challenging considering how many companies there are to choose from in Fort Wayne. The ranking information below may help you analyze which auto insurance companies you want to consider purchasing a policy from. The ratings below are only made up of the companies with a significant amount of written premium nationwide, so smaller companies are not factored into this list.
Top 10 Large Auto Insurance Providers in Fort Wayne Ranked by Customer Service
- Nationwide
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Travelers
- Liberty Mutual
- GEICO
- Erie Insurance
- Allstate
Top 10 Large Auto Insurance Providers Overall in Fort Wayne
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
How to find low-cost car insurance for teenage males
The list below summarizes some of the recommended money-saving ideas that can help Fort Wayne drivers buy more affordable car insurance.
- Improve your credit score
- Buy a car with high safety ratings
- Serious violations like DUI or reckless driving can increase rates dramatically
- Maintain a safe distance and avoid accidents
- Higher deductibles save money
- Shop around for cheaper prices
That last tip is highly significant, as we emphasized in the article above. Auto insurance prices can be changed at any time, so don’t be unwilling to switch to a new company if a better rate can be found. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if your bullheadedness ends up costing you a fortune every year. If you have a few minutes, now is a great time to shop around to find cheaper auto insurance for teenage males in Fort Wayne.
If you have questions and prefer to have professional advice when shopping around for cheaper insurance for teenage males, the insurance agencies listed below can provide answers to your questions and help you determine which auto insurance policy would work best for you.
To find an agent by location nearest to you, click the link after the list or click here to compare price quotes now.
Sam Till Jr – State Farm Insurance Agent
615 Goshen Ave – Fort Wayne, IN 46808 – (260) 482-9623
Allstate Insurance: Darren Vogt
5830 E State Blvd – Fort Wayne, IN 46815 – (260) 493-3507
Jackson Insurance Agency
809 S Calhoun St #308 – Fort Wayne, IN 46802 – (260) 434-0352