If saving the most money is your goal, then the best way to get cheaper Toyota Yaris insurance is to start comparing prices yearly from insurers in Fort Wayne.
- Gain an understanding of how auto insurance works and the factors you can control to keep rates in check. Many factors that result in higher rates such as tickets, at-fault accidents, and an unacceptable credit history can be remedied by making lifestyle changes or driving safer. This article gives instructions to prevent expensive rate increases and find overlooked discounts.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like Progressive or State Farm, while agents who are independent can provide price quotes for many different companies. View companies
- Compare the new quotes to the premium of your current policy and determine if there is any savings. If you can save money and change companies, make sure there is no coverage gap between policies.
- Tell your current agent or company of your intent to cancel your current auto insurance policy. Submit payment and a signed application to the new company. Once received, keep the new proof of insurance certificate in an accessible location in your vehicle.
An important note is that you’ll want to compare the same level of coverage on every quote request and and to get rates from as many companies as you can. Doing this ensures an apples-to-apples comparison and the best price quote selection.
We don’t have to point out that fact that auto insurance companies don’t want you to compare rates. Insureds who shop around are very likely to switch car insurance companies because there is a good probability of finding a policy with more affordable rates. A study showed that consumers who made a habit of comparing rates saved about $3,400 over four years compared to people who don’t make a habit of comparing rates.
If finding budget-friendly auto insurance in Fort Wayne is why you’re here, then learning about how to find and compare insurance rates can make it easier for you to save money.
Learn How to Lower Your Insurance Rates
A large part of saving on auto insurance is knowing a few of the rating criteria that come into play when calculating the price you pay for auto insurance. If you have a feel for what determines base rates, this allows you to make good choices that could result in lower auto insurance prices.
Don’t let your auto insurance policy lapse – Driving with no insurance is a misdemeanor and you will pay a penalty because you let your insurance coverage expire. Not only will rates go up, getting caught without coverage may earn you a fine, jail time, or a revoked license. You may need to prove you have insurance by filing a SR-22 with the Indiana motor vehicle department to get your license reinstated.
Discounts for alarms and GPS tracking – Buying a car with an alarm system can earn a premium discount. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop vehicle theft.
Consolidate and save – Lots of auto insurance companies afford lower prices to buyers who carry more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be as much as ten percent or more Even if you already get this discount, it’s still a good idea to shop around to help guarantee you have the best rates.
Drivers with excellent credit save on auto insurance – An insured’s credit score will be a significant factor in determining what you pay for auto insurance. If your credit history can be improved, you may save money insuring your Toyota Yaris by repairing your credit. Consumers who have high credit ratings tend to file fewer claims as compared to drivers with bad credit.
Insurance is expensive for younger drivers – Older insureds are viewed as being more responsible, cost insurance companies less in claims, and are safer drivers. Beginning drivers are statistically proven to be careless and easily distracted in a vehicle so they pay higher auto insurance rates.
The data below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
Insurance losses for a Toyota Yaris – Companies use statistical claims data when setting premium prices. Models that the statistics show to have a trend towards higher claims will cost more for coverage. The table below demonstrates the collected loss data for Toyota Yaris vehicles.
For each coverage type, the loss probability for all vehicles compiled together equals 100. Numbers that are below 100 indicate better than average losses, while values that are 100 or greater indicate frequent claims or statistically larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Yaris | 94 | 88 | 92 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
When comparison shopping, getting more free quotes provides better odds of finding more affordable insurance.
The companies in the list below are our best choices to provide free quotes in Indiana. If your goal is to find cheap car insurance in Fort Wayne, IN, it’s highly recommended you visit two to three different companies to get a more complete price comparison.
Coverage information
The rate information displayed below covers estimates of coverage costs for Toyota Yaris models. Learning as much as possible about how premiums are determined can help customers make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $154 | $294 | $318 | $18 | $94 | $878 | $73 |
| Yaris 4-Dr Hatchback | $154 | $294 | $280 | $16 | $84 | $828 | $69 |
| Yaris 4-Dr Sedan | $154 | $294 | $280 | $16 | $84 | $828 | $69 |
| Yaris S 2-Dr Hatchback | $176 | $294 | $318 | $18 | $94 | $900 | $75 |
| Yaris S 4-Dr Hatchback | $176 | $294 | $280 | $16 | $84 | $850 | $71 |
| Yaris S 4-Dr Sedan | $176 | $294 | $280 | $16 | $84 | $850 | $71 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in specific location which can modify insurance rates substantially.
Raise deductibles and save
One of the more difficult decisions when buying car insurance is at what level do you set your deductibles. The following insurance rates can help you understand the difference in cost between low and high comp and collision deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $210 | $436 | $318 | $18 | $94 | $1,101 | $92 |
| Yaris 4-Dr Hatchback | $210 | $436 | $280 | $16 | $84 | $1,051 | $88 |
| Yaris 4-Dr Sedan | $210 | $436 | $280 | $16 | $84 | $1,051 | $88 |
| Yaris S 2-Dr Hatchback | $242 | $436 | $318 | $18 | $94 | $1,133 | $94 |
| Yaris S 4-Dr Hatchback | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| Yaris S 4-Dr Sedan | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $116 | $230 | $318 | $18 | $94 | $776 | $65 |
| Yaris 4-Dr Hatchback | $116 | $230 | $280 | $16 | $84 | $726 | $61 |
| Yaris 4-Dr Sedan | $116 | $230 | $280 | $16 | $84 | $726 | $61 |
| Yaris S 2-Dr Hatchback | $134 | $230 | $318 | $18 | $94 | $794 | $66 |
| Yaris S 4-Dr Hatchback | $134 | $230 | $280 | $16 | $84 | $744 | $62 |
| Yaris S 4-Dr Sedan | $134 | $230 | $280 | $16 | $84 | $744 | $62 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in Fort Wayne location which can change premiums significantly.
Based on the data above, we can derive that using a $100 deductible costs about $27 more each month or $324 annually than opting for the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you average more than 33 months between claims, you would more than likely save some money going with the higher deductible.
The diagram below highlights how deductible selection and can affect Toyota Yaris insurance premiums for different ages of insureds. The costs are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
Careless drivers pay higher rates
The chart below shows how speeding tickets and fender-benders influence Toyota Yaris car insurance rates for different age groups. Data assumes a single male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.
Comparison of car insurance rates by age and gender
The information below illustrates the comparison of Toyota Yaris insurance premiums for male and female drivers. The data assumes no violations or accidents, full coverage, $1,000 deductibles, single status, and no discounts are taken into consideration.
Toyota Yaris liability rates compared to full coverage
The chart below illustrates the difference between Toyota Yaris annual premium costs with and without physical damage coverage. The price estimates are based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
When to stop buying full coverage
There is no definitive formula of when to phase out full coverage, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s say your Toyota Yaris replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If premiums are more than $500 a year to have full coverage, then it might be time to buy liability only.
There are some cases where buying only liability insurance is not a good idea. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not drop full coverage.
Three main reasons to buy auto insurance
Despite the high cost of buying insurance for a Toyota Yaris in Fort Wayne, buying auto insurance is required by state law in Indiana and it also provides benefits you may not be aware of.
- The majority of states have minimum liability requirements which means you are required to carry specific limits of liability coverage if you want to drive legally. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Toyota Yaris, it’s most likely the lender will require that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender may insure your Toyota at a more expensive rate and require you to reimburse them the higher premium.
- Auto insurance protects both your Toyota and your assets. It also can pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of insuring your car more than offset the price you pay, particularly when you have a large claim. But the average driver in Indiana is overpaying over $865 each year so you should quote your policy with other companies at every renewal to help ensure money is not being wasted.
Do you qualify for discounts?
Car insurance companies do not advertise every possible discount very well, so below is a list some of the best known and the more hidden credits that may apply to you.
- Military Deployment Discount – Being on active deployment in the military may lower your rates slightly.
- New Vehicle Savings – Adding a new car to your policy is cheaper because newer vehicles keep occupants safer.
- Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts may qualify for discounts of 25 to 30%.
- Save over 55 – Older drivers could receive lower premium rates.
- Online Discount – Some of the larger companies will give you a small discount get Fort Wayne auto insurance on their website.
- Early Signing – A few companies offer discounts for switching companies before your current expiration date. You could save around 10% when you buy Fort Wayne auto insurance online.
We need to note that most discounts do not apply to your bottom line cost. A few only apply to specific coverage prices like liability, collision or medical payments. So when it seems like you can get free auto insurance, it’s just not the way it works. Any qualifying discounts will definitely lower your policy premium.
The example below shows the difference between Toyota Yaris insurance premiums with and without discounts applied. The prices are based on a male driver, no claims or driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, multi-policy, marriage, and homeowner discounts applied.
If you would like to see a list of car insurance companies who offer discounts in Indiana, click here.
Buying car insurance from Fort Wayne car insurance agents
Some people just want to go talk to an agent and that is a personal choice. The biggest benefit of getting online price quotes is that drivers can save money and get better rates and still have a local agent.
After completing this form (opens in new window), your information is instantly submitted to companies in Fort Wayne who will give competitive quotes to get your business. It’s much easier because you don’t need to even leave your home since price quotes are sent instantly to you. You can most likely find cheaper rates without requiring a lot of work. In the event you want to get a comparison quote from a specific company, you would need to visit that company’s website to submit a rate quote request.
Deciding on an insurance company requires you to look at more than just a cheap price. These are some valid questions you should ask.
- How long have they been in business?
- How long have they worked with personal auto insurance coverage?
- Is the agent properly licensed in Indiana?
- Do they have any clout with companies to ensure a fair claim settlement?
- Is coverage determined by price?
- Do they have designations such as AIC, CPCU, or CIC?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Do they specialize in personal lines auto insurance in Fort Wayne?
If you need to find a local agent, there are two different types of agents and how they can write your policy. Car insurance agents in Fort Wayne can either be independent or exclusive.
Exclusive Insurance Agents
These type of agents have only one company to place business with and some examples include Allstate, State Farm and Farmers Insurance. They are unable to give you multiple price quotes so it’s a take it or leave it situation. Exclusive agents receive a lot of sales training on the products they sell and that can be a competitive advantage. A lot of people use the same exclusive agent partially due to the brand name rather than having low rates.
Listed below are exclusive agents in Fort Wayne who can help you get rate quotes.
- Allstate Insurance: Jay Raj
702 W Coliseum Blvd d – Fort Wayne, IN 46808 – (260) 484-5577 – View Map - Melissa Satterthwaite – State Farm Insurance Agent
7757 Coldwater Rd – Fort Wayne, IN 46825 – (260) 489-5503 – View Map - American Family Insurance – Janie Laboube Agency Inc.
2810 Beaver Ave – Fort Wayne, IN 46807 – (260) 744-9798 – View Map
Independent Agents (or Brokers)
Agents in the independent channel are normally appointed by many insurers so they can write business with many different companies and find you the best rates. If prices rise, they simply move the coverage in-house which is easy for the insured. If you are trying to find cheaper rates, we recommend you get quotes from at a minimum one independent agency in order to have the best price comparison. Many independent agencies also insure through lesser-known insurance companies who may have lower rates.
Listed below are Fort Wayne independent insurance agents that are able to give price quote information.
- InsureOne Insurance Agency
3213 E State Blvd – Fort Wayne, IN 46805 – (260) 216-0024 – View Map - Hylant Group
6714 Pointe Inverness Way #100 – Fort Wayne, IN 46804 – (260) 969-3900 – View Map - PMG Agency
3711 Rupp Dr #103 – Fort Wayne, IN 46835 – (260) 436-9669 – View Map
How to find a good Fort Wayne auto insurance company
Picking the right insurance provider can be difficult considering how many companies sell coverage in Fort Wayne. The company information below could help you choose which auto insurance companies to look at comparing prices from.
Top 10 Fort Wayne Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- GEICO
- AAA Insurance
- Safeco Insurance
- Esurance
- The General
Top 10 Fort Wayne Car Insurance Companies 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%
Smart consumers save more
In this article, we covered many ideas to save on Toyota Yaris insurance in Fort Wayne. The most important thing to understand is the more you quote Fort Wayne auto insurance, the higher your chance of finding inexpensive Fort Wayne auto insurance quotes. You may even discover the most savings is with some of the lesser-known companies.
When trying to cut insurance costs, do not buy less coverage just to save a little money. In many cases, an insured cut uninsured motorist or liability limits and discovered at claim time that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage for the lowest cost while still protecting your assets.
Insureds switch companies for a variety of reasons including poor customer service, high rates after DUI convictions, delays in paying claims or extreme rates for teen drivers. Whatever your reason, finding a new company is pretty easy and you might even save some money in the process.
More tips and info about auto insurance is available in these articles:
- How do I File a Claim? (Insurance Information Institute)
- What Car Insurance is Cheapest for a Ford Fusion in Fort Wayne? (FAQ)
- Who Has Affordable Car Insurance for Young Drivers in Fort Wayne? (FAQ)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)