How Much are Fort Wayne Car Insurance Quotes for a 20 Year Old Female?

The words “cheap” and “insurance” probably shouldn’t be used together, in particular when shopping around for the lowest insurance prices for 20 year old women. Let’s take a look at some things that impact car insurance prices, and come up with some ideas to take a little off your next policy.

Determining which companies have the cheapest insurance rates for 20 year old women will involve a bit more effort in order to find the most economical policy. Each company uses their own calculation to determine premium rates, so let’s look at the rankings for the insurance companies that tend to be cheaper in Indiana.

It’s important to understand that Fort Wayne insurance rates are determined by lots of factors which can significantly increase or decrease the cost of a policy. Simply having another birthday, buying a new vehicle, or getting a ticket for careless driving may prompt premium changes resulting in some companies being affordable when they were higher priced.

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Rankings for the cheapest car insurance companies in Indiana
Rank Company Cost Per Year
1 Travelers $614
2 Cincinnati Insurance $658
3 USAA $667
4 Erie $712
5 Indiana Farmers Mutual $849
6 The Hartford $855
7 Western Reserve $864
8 Auto-Owners $906
9 Nationwide $930
10 Utica National $956
11 Motorists Mutual $956
12 Hastings Mutual $973
13 Safeco $973
14 State Farm $987
15 Farmers $1,022
16 GEICO $1,089
17 Wolverine Mutual $1,094
18 Westfield $1,105
19 State Auto $1,120
20 Progressive $1,128
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Travelers has some of the best car insurance rates in Fort Wayne at around $614 each year. This is $626 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also rank well as some of the best Fort Wayne, IN auto insurance companies.

As the rates illustrate above, if you are insured with Erie and switched to Cincinnati Insurance, you may realize savings of around $54. Policyholders with Indiana Farmers Mutual could save as much as $191 a year, and The Hartford policyholders might cut rates by $197 a year.

If you would like to find cheaper car insurance rates, click here or click several companies below for low rates.

Understand that those rates are averages for all types of drivers and the different vehicles they drive and are not factoring in a specific zip code for 20 year old women. So the car insurance company that is best suited for you may not even be in the top 36 companies in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.

The make and model of vehicle driven is a large factor when comparison shopping for cheaper insurance for 20 year old women. Vehicles with economical engines, excellent safety ratings, or a low likelihood of having liability claims will cost much less to insure than fast, unsafe models. The next list showcases auto insurance prices for some of the cheapest vehicles to buy insurance for.

Cheapest Vehicles to Insure in Fort Wayne, IN
Make and Model Estimated Cost for Full Coverage
Ford Escape Limited 2WD $2,123
Honda CR-V EX-L 4WD $2,129
Honda Accord EX-L 4-Dr Sedan $2,258
Toyota Prius $2,289
Ford Edge SE 2WD $2,315
Honda Odyssey LX $2,325
Dodge Grand Caravan SE $2,346
Ford Explorer XLT 2WD $2,352
Toyota RAV4 Sport 2WD $2,481
Volkswagen Jetta S 4-Dr Sedan $2,486
Chevrolet Malibu Hybrid $2,481
Nissan Altima 2.5 4-Dr Sedan $2,489
Chevrolet Equinox LS 2WD $2,481
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $2,512
Ford F-150 Lariat Crew Cab 2WD $2,521
Dodge Ram Quad Cab ST 2WD $2,539
Jeep Wrangler Unlimited Sport 2WD 4-Dr $2,552
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Data rating is based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific zip code location which can revise premiums noticeably.

Based upon the rates shown, models like the Ford Escape, Honda CR-V, Honda Accord, Toyota Prius, and Ford Edge are likely to be the most budget-friendly vehicles to insure for young women. Rates will be higher anyway just due to the fact that there is more inherent risk for 20 year old women, but generally speaking those specific models will most likely have the lowest insurance prices compared to all other vehicles.

Does it make sense to buy full coverage?

Saving on insurance is probably important to most people, and one common way to pay lower rates for insurance for 20 year old women is to not buy full coverage. The example below shows the difference between car insurance costs with and without physical damage coverage. The premiums are based on a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied to the premium.

As an average, physical damage insurance costs an extra $1,635 per year more than just buying liability insurance. At some point, almost every driver questions if full coverage is worth the money. There isn’t a steadfast formula that works best for making the decision to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s claim settlement value is $10,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $9,500 after you pay the deductible. If premiums are more than $950 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some scenarios where buying only liability insurance is not a good idea. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.

Insurance rates are higher with tickets and accidents

One of the best ways to earn cheap insurance premiums in Indiana for young women is to drive safe and not have accidents or get tickets. The diagram below illustrates how traffic citations and at-fault collisions raise annual premium costs for different ages of insureds. The data assumes a single male driver, full coverage, $500 deductibles, and no policy discounts are applied.

In the chart above, the average cost of auto insurance per year with no violations or accidents is $1,771. Factor in one speeding ticket and the average cost jumps to $1,996, an increase of $225 each year. Then add in two accidents along with the one speeding ticket and the annual cost of insurance for 20 year old women goes up to an average of $4,038. That’s an increase of $2,267, or $189 per month, just for not keeping your driving record clean!

Compare quotes and save

Fort Wayne, IN insurance rates are impacted by many factors that may substantially change the price you have to pay for coverage. Getting older, having a teenage driver, or having an accident may generate price changes that may make certain companies more affordable than before.

In addition to those changes, auto insurance companies change premium rates without warning to ensure their profitability. Higher than usual claims can cause rate hikes, while profitable underwriting may cause lower-priced Fort Wayne car insurance rates.

For instance, the bar chart below shows the companies that have the cheapest car insurance in Fort Wayne, IN for a 40-year-old male driver with no accidents or violations, and a good credit rating. If we estimate prices based on his current risk profile, Travelers has the most affordable car insurance rates in Fort Wayne at $686 per year. This is $554 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are the remainder of the best Fort Wayne, IN auto insurance companies.

Let’s now give the driver from the first rate comparison an accident surcharge, a little lower credit rating, and a few traffic violations. Since each company uses a different method for establishing rates, getting updated rate quotes may now result in a completely different list of affordable companies as shown below.

Auto-Owners now has the best price on car insurance in Fort Wayne, IN with The Hartford, USAA, Nationwide, and Cincinnati Insurance now rounding out the top five. This example illustrates why it is so important to compare as many rates as possible to find the most affordable auto insurance rates for 20 year old women.

Car insurance prices are calculated by many things and can increase or decrease at any time, so the cheapest option the last time you compared rates may now be wasting a lot of money.

How to find the cheapest car insurance for 20 year old women

Lowering your rates is not difficult, and here are some thrifty suggestions that can help Indiana drivers locate cheaper car insurance.

That last tip is particularly important, as was stressed in this write-up. Rates change frequently, so drivers shouldn’t be reluctant to change to a new company if you find a cheaper price. Many drivers prefer to stick with one company, but it isn’t a good idea if your bullheadedness ends up costing you hundreds every year. Now is a great time to compare rates to find cheaper auto insurance for 20 year old women in Fort Wayne.

The auto insurance agents in Fort Wayne shown below can help you determine which insurance coverage will be best for you, as lots of drivers aren’t clear which coverage they need and would like to get some help when buying car insurance for young women. It can be time-consuming to find the best rates on your own, so getting advice from a licensed agent can provide peace of mind knowing your coverage gives you enough protection.

To locate a Fort Wayne auto insurance agent nearest to you, click the button following the list or click here to compare price quotes now.

Schultheis Agency Insurance
1910 St Joe Center RdFort Wayne, IN 46825(260) 480-0208

Scott Robinson – State Farm Insurance Agent
4705 Illinois Rd Ste 100Fort Wayne, IN 46804(260) 744-3218

American Family Insurance – Tara Witham
4011 W Jefferson Blvd #175Fort Wayne, IN 46804(260) 434-4440

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