It’s an obvious statement that insurance companies want to keep you from comparing rates. Insureds who compare price quotes will presumably switch to a new company because there are good odds of finding better rates. A survey found that consumers who routinely shopped for cheaper coverage saved about $3,400 over four years compared to drivers who don’t make a habit of comparing rates.
If finding low prices for auto insurance is your ultimate objective, then knowing how to find companies and compare insurance rates can save time and money.
The most effective way to get the cheapest Ford Transit Connect insurance in Fort Wayne is to begin comparing prices regularly from different companies that insure vehicles in Indiana.
- Try to understand the coverage provided by your policy and the modifications you can make to drop your rates. Many policy risk factors that drive up the price such as speeding and a bad credit score can be eliminated by making lifestyle changes or driving safer. Continue reading for ideas to help prevent high rates and get additional discounts that may be available.
- Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for a wide range of insurance providers.
- Compare the new rates to the price on your current policy to see if a cheaper rate is available. If you can save money, make sure there is no lapse in coverage.
An essential thing to point out is to make sure you’re comparing the same level of coverage on every quote request and and to get price estimates from all possible companies. Doing this enables an accurate price comparison and a thorough selection of prices.
Getting cheaper insurance pricing is a great way to save money. You just need to take time to compare rates to find the company with the cheapest Ford Transit Connect rate quotes.
Comparison shopping rates online is easy and it replaces the need to drive around to local Fort Wayne insurance agencies. Quoting and buying Ford Transit Connect insurance online makes this unnecessary unless you’re the type of person who wants the professional guidance of a licensed agent. Some companies do allow you to compare online quotes but have your policy serviced through an agent.
The auto insurance companies shown below can provide price quotes in Fort Wayne, IN. If your goal is to find cheap car insurance in Fort Wayne, IN, we recommend you compare several of them to get a more complete price comparison.
Save money with these discounts
Some companies do not advertise every available discount very well, so we researched a few of the more well known as well as some of the hidden savings tricks you should be using when you buy Fort Wayne auto insurance online. If you are not receiving all the discounts available, you are not getting the best rate possible.
- Mature Driver Discount – Drivers that qualify as senior citizens may be able to get a slight reduction on a Fort Wayne auto insurance quote.
- E-sign – Some of the larger companies will give you a small discount shop Fort Wayne auto insurance on their website.
- Seat Belt Discounts – Forcing all vehicle occupants to wear their seat belts can save a little on the premium charged for medical payments and/or PIP.
- Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices are stolen less frequently so companies will give you a small discount.
- Own a Home – Being a homeowner may earn you a small savings since owning and maintaining a home requires personal responsibility.
- Student Discount for Driver Training – Require your teen driver to take driver’s ed class in school or through a local driver safety program.
- Organization Discounts – Affiliation with qualifying clubs or civic groups is a simple method to lower premiums on car insurance.
- Fewer Miles Equal More Savings – Low mileage vehicles could earn substantially lower prices.
- Resident Student – Older children who live away from home to go to college and do not take a car to college can be insured at a reduced rate.
We need to note that most discount credits are not given to the entire cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like all the discounts add up to a free policy, companies don’t profit that way. But all discounts should definitely cut your car insurance premiums.
The diagram below compares Ford Transit Connect insurance costs with and without policy discounts. The premium estimates are based on a female driver, no accidents, no driving violations, Indiana state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, multi-policy, marriage, and claim-free discounts applied.
The best car insurance companies and a summarized list of policyholder discounts are detailed below.
- Progressive offers premium reductions for multi-vehicle, multi-policy, continuous coverage, online quote discount, homeowner, and good student.
- SAFECO policyholders can earn discounts including teen safety rewards, anti-lock brakes, safe driver, multi-car, and teen safe driver.
- American Family may include discounts for TimeAway discount, mySafetyValet, defensive driver, good driver, Steer into Savings, early bird, and accident-free.
- MetLife includes discounts for defensive driver, good driver, accident-free, claim-free, and multi-policy.
- GEICO has discounts for air bags, anti-lock brakes, good student, military active duty, defensive driver, multi-vehicle, and seat belt use.
- The Hartford offers discounts including anti-theft, defensive driver, air bag, bundle, and good student.
Double check with each company which credits you are entitled to. Some discounts listed above may not be offered in Fort Wayne. If you would like to see a list of insurance companies who offer car insurance discounts in Indiana, click this link.
Auto insurance statistics for a Ford Transit Connect
The data table displayed below outlines estimates of insurance policy prices for Ford Transit Connect models. Learning more about how car insurance prices are calculated helps drivers make smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $150 | $340 | $340 | $20 | $102 | $952 | $79 |
| Transit Connect XLT 2WD | $150 | $340 | $340 | $20 | $102 | $952 | $79 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in specific location information which can modify premiums noticeably.
Analysis of deductible levels
When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The following insurance rates may help to illustrate the rate fluctuation when you buy lower versus higher physical damage coverage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $188 | $366 | $280 | $16 | $84 | $959 | $80 |
| Transit Connect XLT 2WD | $188 | $366 | $280 | $16 | $84 | $959 | $80 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $154 | $294 | $280 | $16 | $84 | $828 | $69 |
| Transit Connect XLT 2WD | $154 | $294 | $280 | $16 | $84 | $828 | $69 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Information does not factor in zip code location which can increase or decrease premiums substantially.
Based on the data above, we can derive that using a $250 deductible costs about $11 more each month or $132 a year across all Ford Transit Connect models than quoting the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 23 months between claims, you would probably be better off by going with a higher deductible.
Safe drivers pay less for auto insurance
The example below demonstrates how speeding tickets and accidents drive up Ford Transit Connect car insurance rates for different age groups. The rates are based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
Annual premiums comparing men and women in Fort Wayne
The example below illustrates the difference between Ford Transit Connect auto insurance rates for male and female drivers. The costs are based on no claims or driving violations, full coverage, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
Rate difference between full and liability-only coverage
The example below shows the comparison of Ford Transit Connect insurance rates with liability coverage only compared to full coverage. The price estimates are based on no claims or driving violations, $250 deductibles, drivers are not married, and no policy discounts are applied.
Deciding between full coverage and liability only
There is no exact formula for phasing out comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s pretend your Ford Transit Connect replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $4,000 after paying your policy deductible. If it’s costing in excess of $400 annually for full coverage, then it could be time to drop full coverage.
There are some conditions where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Save Money with These Tips
Smart consumers have a good feel for some of the factors that are used to determine the rates you pay for insurance. When you know what positively or negatively determines base rates, this enables informed choices that may reward you with lower insurance prices. Many things are taken into consideration when you quote your car insurance policy. Some are pretty understandable such as traffic violations, but others are not as apparent like your vehicle usage or how financially stable you are.
- Improve your credit history – Having a bad credit score will be a significant factor in calculating your premium rate. Consumers who have very good credit scores tend to be more responsible and file fewer claims than drivers with bad credit. So if your credit history is lower than you’d like, you could pay less to insure your Ford Transit Connect by repairing your credit.
- Only buy add-on coverages you need – There are many extra bells and whistles that can add up if you don’t pay attention. Coverages like vanishing deductibles, accident forgiveness, and membership fees are some examples. They may seem like a good idea when discussing your needs, but if they’re wasting money eliminate the coverages to reduce your premium.
- Having a spouse equates to better costs – Your spouse may save some money on your insurance policy. It means you’re more mature than a single person and it’s statistically proven that drivers who are married are more cautious.
- Prevent insurance lapses – Driving any period of time without insurance is a misdemeanor and insurance companies will penalize you for letting your insurance expire. Not only will you pay more, failure to provide proof of insurance could result in a steep fine or even jail time. You may need to prove you have insurance by filing a SR-22 with the Indiana department of motor vehicles.
Get rate quotes but still have a local Fort Wayne insurance agent
A lot of people just want to sit down with an agent and there is nothing wrong with that. Professional agents are very good at helping people manage risk and help in the event of a claim. A good thing about getting free rate quotes online is the fact that drivers can get the lowest rates but still work with a licensed agent.
Once you complete this simple form, your information gets sent to companies in Fort Wayne who will give competitive quotes for your coverage. You won’t even need to find an agent on your own since price quotes are sent to you instantly. If you wish to compare prices from a particular provider, feel free to jump over to their website and complete a quote there.
Deciding on an insurer needs to be determined by more than just a cheap price. Here are some questions to ask:
- Will they make sure you get an adequate claim settlement?
- If your car is totaled, how to they determine the replacement cost?
- Which members of your family are coverage by the policy?
- Are they actively involved in the community?
- Can you get a list of referrals?
Once you have reasonable responses to any questions you have as well as a price you’re happy with, you have narrowed it down to an insurer that can properly service your car insurance policy.
You may need specialized insurance coverage
When selecting proper insurance coverage, there really is not a “perfect” insurance plan. Everyone’s situation is unique and your insurance should unique, too.
For instance, these questions can help discover whether your personal situation may require specific advice.
- Will filing a claim cost me more?
- Is a blown tire covered by insurance?
- Does medical payments coverage apply to all occupants?
- Do I need to file an SR-22 for a DUI in Indiana?
- What does UM/UIM cover?
- How much can I save by bundling my policies?
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
Which car insurance company is best in Fort Wayne?
Buying coverage from a good quality auto insurance company can be rather challenging considering how many choices you have in Fort Wayne. The company ratings displayed below could help you choose which auto insurance companies to look at when comparing rate quotes.
Top 10 Fort Wayne Car Insurance Companies Overall
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Top 10 Fort Wayne Car Insurance Companies by A.M. Best Rank
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
More comparisons equals cheap rates
Throughout this article, we presented quite a bit of information on how to save on Ford Transit Connect insurance in Fort Wayne. The key concept to understand is the more rate quotes you have, the higher your chance of finding cheaper Fort Wayne auto insurance quotes. Consumers may even find the lowest premium rates come from an unexpected company. They may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.
As you prepare to switch companies, make sure you don’t reduce coverage to reduce premium. There have been many cases where an accident victim reduced liability limits or collision coverage and discovered at claim time that the small savings ended up costing them much more. The aim is to get the best coverage possible at the lowest possible cost.
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