Who Has the Cheapest Car Insurance Rates for Drivers Over Age 60 in Fort Wayne?

For older drivers, one of the largest components that are looked at to determine auto insurance rates is where you keep your vehicle in Fort Wayne. Cities with larger populations are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims can boast about having cheaper rates.

The table below lists the most expensive areas in Indiana for drivers over age 60 in which to purchase auto insurance. Fort Wayne is ranked at #14 with a yearly cost of $985 for car insurance, which is approximately $82 monthly.

Car insurance prices in Fort Wayne
Rank City Premium Per Year
1 Gary $1,388
2 Hammond $1,327
3 Merrillville $1,128
4 Portage $1,126
5 Lawrence $1,088
6 Jeffersonville $1,080
7 Terre Haute $1,077
8 Evansville $1,077
9 Indianapolis $1,060
10 Anderson $1,041
11 New Albany $1,039
12 Kokomo $1,031
13 Bloomington $998
14 Fort Wayne $985
15 South Bend $985
16 Columbus $975
17 Mishawaka $974
18 Richmond $973
19 Muncie $965
20 Elkhart $956
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Prices are approximated as zip code location can influence premiums substantially.

Shopping around for reasonably-priced car insurance is challenging, and finding out which company quotes the most affordable auto insurance rates for drivers over age 60 may require additional perseverance. Every insurance provider uses a little different formula to set policy rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in Fort Wayne.

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Cheapest insurance companies in Indiana
Rank Company Cost Per Year
1 Travelers $614
2 Cincinnati Insurance $664
3 USAA $681
4 Erie $705
5 Western Reserve $838
6 Indiana Farmers Mutual $849
7 Auto-Owners $879
8 The Hartford $881
9 Nationwide $930
10 Motorists Mutual $956
11 Utica National $965
12 State Farm $967
13 Hastings Mutual $983
14 Safeco $1,013
15 Farmers $1,022
16 Westfield $1,072
17 Wolverine Mutual $1,072
18 State Auto $1,087
19 GEICO $1,122
20 Allied $1,138
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Travelers has some of the lowest car insurance rates in Fort Wayne at around $614 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve also are some of the cheapest Fort Wayne, IN car insurance companies.

As shown above, if you currently have coverage with Erie and switched to Cincinnati Insurance, you could realize a yearly price reduction of in the neighborhood of $41. Customers with Western Reserve could save as much as $174 a year, and Indiana Farmers Mutual insureds might reduce prices by as much as $185 a year.

To see if you’re overpaying, click here to start a quote or feel free to get quotes from the companies below.

Be aware that those estimates are averages for all drivers and vehicles and are not factoring in a specific zip code for drivers over age 60. So the auto insurance company that can offer the best rates for your situation may not even be in the list above. That points out the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.

Impact of careless driving on auto insurance rates

The easiest way to receive good auto insurance rates in Fort Wayne for older drivers is to be a cautious driver and avoid accidents and keep your driving record clean. The chart below demonstrates how traffic citations and at-fault claims can drive up auto insurance costs for different ages of insureds. The premiums assume a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

In the previous chart, the average cost of a car insurance policy per year with no violations or accidents is $1,328. Get two speeding tickets and the average cost swells to $1,752, an increase of $424 each year. Next add two accidents along with the two speeding tickets and the yearly cost of auto insurance for drivers over age 60 goes up to an average of $3,409. That’s an increase of $2,081, or $173 per month, just for not maintaining a clean driving record!

Get discounts on Fort Wayne insurance rates

Cheaper Fort Wayne, IN auto insurance for older driversAuto insurance companies that provide policies for drivers over age 60 may have discounts that could lower prices by 25% or more if you are eligible. Companies and some of their more popular discounts are shown below.

The example below compares auto insurance rates with and without policy discounts. The price estimates are based on a male driver, no claims or driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with homeowner, safe-driver, accident-free, defensive driving course, passive restraint, and marriage discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on auto insurance for drivers over age 60 is 30% or $354.

Don’t stick with an overpriced policy

Fort Wayne, IN auto insurance rates are impacted by many things which can substantially decrease or increase the cost of coverage. Getting older, moving to a different location, or having a fender bender can trigger changes in premium resulting in some companies being cheaper in comparison to the competition. Not only may your risk profile change, but insurance companies change rates as needed to reflect underwriting profits or losses. An extended period of higher than normal claims can cause rate hikes, while a better claims history may result in lower-priced Fort Wayne car insurance rates.

The data below shows the companies that have the cheapest car insurance in Fort Wayne, IN for a 40-year-old female driver with no prior claims, no tickets, and excellent credit. Based on her personal profile, Travelers may have the most affordable car insurance rates in Fort Wayne at $616 each year. This is $624 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual round out the rest of the cheapest Fort Wayne, IN auto insurance companies.

Now let’s give the driver in the first example an accident claim, a lower credit score, and a speeding ticket. Because each company has their own formula for determining rates in each state, comparing prices may now present a significantly different list of the cheapest companies as shown below.

The Hartford now has the cheapest rate in Fort Wayne with Cincinnati Insurance, Auto-Owners, USAA, and Nationwide also having competitive pricing. This shows why Fort Wayne drivers need to shop around when trying to get the best car insurance quotes for drivers over age 60.

Auto insurance prices are calculated by many things and can decrease or increase without notice, so the most affordable company six months ago may now be one of the more expensive options.

If you have questions and prefer to get help from a professional when comparing insurance rates for older drivers, the insurance agencies below can most likely help you make a decision which car insurance policy is best.

To locate an agency using an interactive map, click the button at the bottom of the list or click here to compare price quotes now.

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