Best Fort Wayne, IN Auto Insurance in 2024

Indiana auto insurance lists its minimum liability coverage as 25/50/10. Drivers searching for cheap auto insurance in Fort Wayne, IN will be able to find affordable premiums.

Farmers, State Farm, Grange Mutual, The General, and Allied rank as some of the best auto insurance companies in Fort Wayne, Indiana. State Farm leads them with Fort Wayne, IN auto insurance monthly rates of $21, but it’s still smart to compare auto insurance companies.

In the market for cheap auto insurance in Fort Wayne, IN? You can find the cheapest insurance rates in your area. To find free comparison quotes for auto insurance rates in Fort Wayne, Indiana today, type your ZIP code into the quote box on this page.

Auto Insurance Coverage Requirements in Indiana

Driving legally in Fort Wayne requires:

Coverage	Requirements	Most Common
Bodily Injury Liability	25,000/50,000	100,000/300,000
Property Damage Liability	25,000	100,000
Uninsured Motorist Bodily Injury	Not required	100,000/300,000
Medical Payments	Not required	5,000
Collision	Not required	500 deductible
Comprehensive	Not required	0 deductible

Keep in mind that just because comprehensive, collision, and other forms of coverage aren’t required doesn’t mean you shouldn’t look into them. The extra expense could be worth it in the long run. According to the Indiana Department of Insurance, most insurers in the state offer all of these forms of coverage.

Indiana insurance averages can be a little high — some studies show that the average driver is paying somewhere around $100 per month for basic coverage. However, you can get covered in Fort Wayne for as little as $29/mo* while still maintaining good coverage on your vehicle.

There are several companies offering competitive rates, such as Auto Express Insurance Fort Wayne IN, National Auto Insurance Fort Wayne, IN, Acceptance Auto Insurance Fort Wayne, IN, and more.

Farmers and State Farm are competing to offer the lowest rates in Fort Wayne right now. But you have to pause and ask yourself what else they have to offer besides a low monthly premium.

You’ll want a company with good customer service, and claims service that’s second to none. You can find quite a few companies to research, including AAA auto insurance in Fort Wayne, Auto-Owners Insurance in Fort Wayne, and more. All in all, your monthly premium is only part of what you’re shopping for.

Auto insurance companies consider many variables when figuring out Fort Wayne, IN auto insurance quotes, including marital status, occupation, years of driving experience, age, and the use of theft protection devices.

Additionally, premiums differ from provider to provider. For example, Geico auto insurance in Fort Wayne, IN may not offer the same rates as Progressive Insurance in Fort Wayne, Indiana. To find out whether you’re still getting the most affordable Fort Wayne, IN car insurance, compare cheap Indiana auto insurance quotes online.

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Major Factors in Cheap Auto Insurance in Fort Wayne, Indiana

There are lots of factors involved in determining your Fort Wayne, IN auto insurance rates. Some of these factors are within your control, while others are not. Let’s go over a few of these elements in greater detail:

Your ZIP Code

Your auto insurance rates may differ depending on where you call home. In general, highly populated cities have higher auto insurance rates because the greater number of drivers on the road increases the likelihood of an accident.

The population of Fort Wayne is 256,496 and the median household income is $39,878.

Automotive Accidents

If your ZIP code has a lot of fatal accidents each year, it may very well have an impact on your insurance premiums — and not for the better. As you can see in the chart above, Fort Wayne had several accident-related fatalities in 2013. This is likely to drive up premiums.

Auto Thefts in Fort Wayne

Even in small cities or rural towns, auto theft can still be a problem. In order to make it less of a problem for you, think about installing a passive anti-theft system on your automobile.

Fort Wayne, IN auto insurance companies may reward you with lower rates for doing this. In Fort Wayne, there were 414 auto thefts in 2012.
As you can see in the table below, Fort Wayne is one of the 10 Indiana cities with the highest vehicle theft rates.

This means if you don’t have it already, it might be a good time to consider adding comprehensive coverage to your policy.

Your Credit Score

It’s hard to make sure you have a good credit score — regardless, auto insurance companies still use this metric as a way to determine what to charge you each month for your coverage. And, as you can see, it can make a big difference.

Your Age

The less experience you have behind the wheel, the more likely you are to get into an accident. Insurance companies have decades of data proving this unfortunate fact.

And if you’re more likely to get into an accident, your insurance company will protect itself against that risk by charging you higher rates, as you can see in the chart below.

Your Driving Record

A speeding ticket here, a fender-bender there; they can really pile up when it comes to insurance premiums. Luckily, many providers have started offering Accident Forgiveness discounts for drivers with one or more minor violations.

However, this forgiveness policy is less likely to apply to serious violations, such as DUI or reckless driving.

Your Vehicle

If you have the disposable income for a luxury vehicle, make sure that you also get some luxury insurance to go with it. Carrying the bare minimum coverage for an expensive vehicle will likely leave you footing the bill for most claims.

 

Minor Factors in Cheap Auto Insurance in Fort Wayne, Indiana

The factors below may also have an influence on your monthly premium, although to a lesser degree than those listed above.

Your Marital Status

Did you know that married couples can significantly lower their premiums by bundling their policies with the same company? Of course, you have to make sure you’re insured by the same provider first. And if that insurance company also does homeowners or renters insurance, you can save even more.

Your Gender

This may be hard for some people to believe, but most companies don’t charge radically different rates for male or female drivers. Many companies these days charge the exact same rates, all other circumstances being equal.

Your Driving Distance to Work

When traveling to and from work, the average motorist can expect a 16-25 minute commute in Fort Wayne. Around 80 percent of drivers use their own vehicle to get to work each day, and anywhere from eight to 27 percent choose to carpool.

Some insurers will ask how many miles you drive yearly, or why you’re driving (work/school vs. recreation).

But in truth, unless you’re driving a business vehicle (which can involve rate hikes as high as 10 percent or more), your reason or distance won’t drastically alter your rates.

Your Coverage and Deductibles

Need more coverage, but don’t have enough money to budget each month? Talk to your insurance agent about raising your deductible. You can also click the link to learn more about how deductibles affect auto insurance rates.

You will have to pay more in the event that you need to file a claim, so make sure you set aside some of your monthly savings in case of an emergency.

Education in Fort Wayne, IN

A great number of drivers in Fort Wayne have earned a high school diploma or equivalent — nearly 40 percent.

If you’re thinking about improving on the education you already have but haven’t made up your mind, consider this: auto insurance companies often give discounts to drivers who have a bachelor’s or master’s degree.

These discounts are even greater than those you can get for working a specific job or getting paid a high salary.

Fort Wayne naturally has a great variety of public and private institutions to choose from. Indiana University-Purdue University at Fort Wayne (IPFW) is the biggest university in the northeast region of the state.

According to the IPFW webpage, they educate almost 12,000 students each year, and have recently incorporated student housing. There is also the University of St. Francis for a religious-based education, or Indiana Tech for a business/technology degree.

Unfortunately for most insurance companies, a simple internet search can reveal many of their trade secrets. But even with the proper information, it can still be difficult for you as an individual to figure out your risk profile and find low-cost insurance.

For high-risk drivers, the chances of obtaining reasonable rates become even slimmer. Make sure you do your due diligence before you commit to your next vehicle insurance policy.

How We Conducted Our Automobile Insurance Analysis

*We calculated our average rates based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home.

Miles driven annually were based on the national average. The average rates were also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Ready to get car insurance quotes? Get a good start on finding Fort Wayne auto insurance rates in your area by typing your ZIP code into our helpful tool below. Find the best Fort Wayne, IN car insurance company for you now.

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Frequently Asked Questions: Fort Wayne, IN Auto Insurance | Cheap Auto Insurance in Fort Wayne, IN

If you are not ready to buy Fort Wayne, IN car insurance, fear not, because we’re going to wrap up with some frequently asked questions.

#1 – What is the average auto insurance cost in Fort Wayne, Indiana?

On average, auto insurance costs $1,140 per year in Fort Wayne, IN.

#2 – Why is auto insurance expensive in Fort Wayne, Indiana?

It is actually cheaper in Fort Wayne than it is in many parts of the country.

#3 – Who has the cheapest auto insurance in Indiana?

Erie has particularly cheap rates at $1,066 annually.

#4 – What is the cost of full coverage auto insurance in Indiana?

On average, you’ll be paying about $1,200 annually.

#5 – How much is auto insurance in Indiana per month?

You can pay as little as $42 in monthly premiums.