Who Has the Cheapest Auto Insurance Rates for Teenage Males in Fort Wayne?

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.

How much does car insurance cost in Fort Wayne, IN?
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
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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.

Cheapest Vehicles to Insure in Fort Wayne, IN
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

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Cheapest Indiana car insurance ranked by price
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
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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

  1. Nationwide
  2. State Farm
  3. Safeco Insurance
  4. American Family
  5. Titan Insurance
  6. Travelers
  7. Liberty Mutual
  8. GEICO
  9. Erie Insurance
  10. Allstate

Top 10 Large Auto Insurance Providers Overall in Fort Wayne

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. 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.

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 AveFort Wayne, IN 46808(260) 482-9623

Allstate Insurance: Darren Vogt
5830 E State BlvdFort Wayne, IN 46815(260) 493-3507

Jackson Insurance Agency
809 S Calhoun St #308Fort Wayne, IN 46802(260) 434-0352

More Fort Wayne, IN insurance agents