The car, truck, or SUV that needs insurance is probably the most important factor when quoting low-cost car insurance for active military. Vehicles with lots of horsepower, a lack of advanced safety features, or a high likelihood of having liability claims will cost much more to insure than more modest models.
The table below estimates coverage costs for the most affordable automobiles to insure in Indiana.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$953|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,023|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,089|
|Dodge Grand Caravan Hero||$1,102|
|Ford Explorer Eddie Bauer AWD||$1,124|
|Toyota Corolla LE||$1,159|
|Ford Escape Limited 2WD||$1,170|
|Chevrolet Malibu LTZ||$1,181|
|GMC Sierra SL Crew Cab 4WD||$1,186|
|Toyota RAV4 Limited 2WD||$1,262|
|Toyota Camry Hybrid||$1,269|
|Ford F-150 FX4 4WD||$1,286|
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rates do not factor in your specific Fort Wayne, IN location which can change premiums greatly.
Based upon the rates shown, you can infer that models like the Honda CR-V, Jeep Wrangler, Toyota Prius, Volkswagen Jetta, and Dodge Grand Caravan are going to be the most budget-friendly vehicles to insure for military personnel.
For military personnel, one of the largest factors that determine the price you pay for insurance is where you keep your car. More populated areas tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.
The next table sorts the most expensive cities in Indiana for active military to buy car insurance in. Fort Wayne comes in at #19 with an annual cost of $947 for the average insurance policy, which is around $79 per month.
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Annual rates are comparative as the garaging address in Fort Wayne can lower or raise auto insurance rates substantially.
The information below demonstrates how deductible levels can influence insurance premiums when trying to find cheap insurance for active military. The rates are based on a married male driver, full physical damage coverage, and no other discounts are factored in.
The chart above illustrates that a 50-year-old driver could save $234 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $354 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old example, could save up to $782 or more just by choosing higher deductibles when buying full coverage.
If you do decide to increase your deductibles, it’s a good idea to have enough funds in savings to satisfy the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Finding a good quality auto insurance provider can be rather challenging considering how many different insurance companies sell coverage in Indiana. The company information in the lists below may help you decide which insurers you want to consider when comparing rates. The ratings below are for large, nationwide insurance companies, so companies that focus mainly on Indiana business are not taken into consideration for this list.
Top 10 Major Auto 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%
Top 10 Major Auto Insurance Companies in Fort Wayne Ranked by Value
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- 21st Century
Safe drivers Fort Wayne pay cheaper rates
The easiest method to earn good insurance prices in Fort Wayne for military personnel is to drive safely and not receive tickets or have accidents. The illustration below shows how traffic citations and at-fault claims raise insurance prices for different age groups. The data assumes a married female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of auto insurance in Indiana per year with no violations or accidents is $1,382. Receive one speeding ticket and the average cost jumps to $1,610, an increase of $228 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of insurance for active military goes up to an average of $3,659. That’s an increase of $2,278, or $190 per month, just for not being attentive to the road!
Why are you paying too much for Fort Wayne car insurance?
Indiana insurance rates are impacted by many things that can increase the price of your policy. Improving your credit rating, getting married, or having a fender bender may generate price changes that can now make some companies cheaper than competitors. Not only may your risk profile change, but insurers change prices multiple times each year in order to offset underwriting gains or losses. Higher than normal claim frequency or severity may cause rate increases, while lower claims can produce lower-priced Fort Wayne car insurance rates.
To illustrate this example, the graph below analyzes the cheapest car insurance in Fort Wayne, IN for a 35-year-old male driver with no violations or accidents, and good credit. Based on his current risk profile, Travelers may offer the most affordable car insurance rates in Fort Wayne at $673 a year. This is $567 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also make the list of the top five cheapest Fort Wayne, IN auto insurance companies.
Now we will pretend the driver from above a claim surcharge, a lower credit rating, and a stop sign violation. Due to the fact that every insurance company has a different formula for setting rates, comparing rates may result in a slightly different list of the cheapest companies as shown below.
Auto-Owners now has the best car insurance rate in Fort Wayne, IN with The Hartford, Nationwide, Utica National, and USAA also being competitive. This shows why Fort Wayne drivers need to compare as many rates as possible to get the lowest auto insurance quotes for active military. Prices are determined by many different factors and can increase or decrease at any time, so the best option the last time you checked may now cost much more than other companies.