Unbelievable but true according to a study almost 70% of insureds have bought insurance from the same company for a minimum of four years, and about 40% of consumers have never compared quotes from other companies. Many consumers in Indiana can save hundreds of dollars each year by just shopping around, but most just don’t grasp how much savings they would realize if they switched to a more affordable policy.
The most effective way to get more affordable auto insurance rates is to compare prices regularly from companies that insure vehicles in Fort Wayne. You can shop around by completing these steps.
First, learn about how companies price auto insurance and the steps you can take to keep rates down. Many things that are responsible for high rates such as traffic citations and a less-than-favorable credit score can be controlled by paying attention to minor details.
Second, request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can quote rates for a wide range of companies.
Third, compare the new rate quotes to the price on your current policy and determine if cheaper Challenger coverage is available in Fort Wayne. If you find a better price, ensure coverage does not lapse between policies.
Fourth, give notification to your current company to cancel your current policy. Submit payment and a completed application for the new coverage. Once the paperwork is finalized, keep your new certificate verifying proof of insurance with your registration paperwork.
The most important part of shopping around is to use identical coverages on each quote and to quote with as many different companies as possible. Doing this guarantees the most accurate price comparison and a better comparison of the market.
These techniques will help you learn how auto insurance companies operate and also pocket some savings If you are insured now, you stand a good chance to be able to lower your rates using the ideas you’re about to read. But Indiana consumers do need to know how companies sell online because rates fluctuate considerably.
Dodge Challenger insurance rates and statistics
The coverage information displayed next outlines different insurance prices for Dodge Challenger models. Having a better idea how insurance prices are formulated can help drivers make decisions on the best policy coverages.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium costs do not factor in vehicle location which can increase or decrease auto insurance rates substantially.
The chart below shows how choosing a deductible and can raise or lower Dodge Challenger insurance costs for each different age category. Data assumes a married female driver, full physical damage coverage, and no discounts are applied to the premium.
What is the best auto insurance company in Indiana?
Choosing a good quality auto insurance provider can be difficult considering how many different companies sell coverage in Fort Wayne. The rank data displayed below may help you decide which providers you want to consider buying from.
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+
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%
Auto insurance coverage information
Knowing the specifics of insurance helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement.
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as theft, hitting a bird and a broken windshield. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Collision insurance will pay to fix damage to your Challenger caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims such as hitting a mailbox, scraping a guard rail, rolling your car and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to raise the deductible on your Challenger to get cheaper collision coverage.
Coverage for uninsured or underinsured drivers
This coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits (which is 25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Normally these limits are similar to your liability insurance amounts.
This protects you from damage or injury you incur to people or other property that is your fault. It protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/10 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $10,000 of coverage for damaged property. Occasionally you may see a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage pays for things such as structural damage, emergency aid, legal defense fees, court costs and pain and suffering. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford. Indiana requires minimum liability limits of 25/50/10 but drivers should carry better liability coverage.
The illustration below shows why buying the state minimum limits may not be enough coverage.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like pain medications, funeral costs, EMT expenses and rehabilitation expenses. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible
One last note
The cheapest Dodge Challenger insurance in Fort Wayne is attainable online and from local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies do not provide rates over the internet and these smaller companies provide coverage only through independent insurance agents.
We just presented a lot of tips how to compare Dodge Challenger insurance rates in Fort Wayne. It’s most important to understand that the more companies you get auto insurance rates for, the better your comparison will be. You may even find the lowest priced car insurance comes from an unexpected company.
When trying to cut insurance costs, it’s very important that you do not sacrifice coverage to reduce premiums. In many cases, someone sacrificed collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase plenty of coverage at the best price, but do not skimp to save money.
Other learning opportunities
- Child Safety FAQ (iihs.org)
- Who Has Affordable Car Insurance Rates for Business Use in Fort Wayne? (FAQ)
- How Much are Auto Insurance Rates for Police Officers in Fort Wayne? (FAQ)
- Who Has Cheap Auto Insurance for Drivers with Good Credit in Fort Wayne? (FAQ)
- How Much is Fort Wayne Auto Insurance for Seniors? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Teen Driving and Texting (State Farm)