bestauto insuranceFort WayneCompare the Cheapest Car Insurance Quotes in Fort Wayne, IN
Car insurance in Fort Wayne costs an average of $670 per year, which is cheaper than the Indiana average. The cheapest insurer for the average driver is Erie, but MoneyGeek also analyzed the cheapest providers for various coverage levels and driver profiles. For those focused on quality and cost, MoneyGeek also recommended the best companies in Fort Wayne.
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Advertising & Editorial DisclosureLast Updated: 1/5/2023
Edited By |
Morgan Hull
Written By |
Mark Fitzpatrick
For full coverage car insurance policies, liability-only insurance and for drivers with tickets, Erie provides the most affordable car insurance in Fort Wayne. Furthermore, MoneyGeek's analysis ranked Erie the best auto insurance provider in the city for its combination of great customer service and affordability.
bestauto insuranceFort WayneThe Cheapest and Best Car Insurance in Fort Wayne
Methodology
MoneyGeek scored the companies in Fort Wayne based on city-specific data from J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC).
The Cheapest Car Insurance Companies in Fort Wayne
On average, the following insurance providers in Fort Wayne offer the cheapest full coverage car insurance policies:
- Erie: $493 per year
- GEICO: $540 per year
Erie is the city's cheapest insurance provider, with average premiums nearly 79% less than the rate quoted by Allstate, Fort Wayne’s most expensive insurer, for a comparable plan. A full coverage car insurance policy includes comprehensive and collision coverages. Note that annual premiums do vary according to the level of liability coverage you pick.
Cheapest Car Insurance in Fort Wayne
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$493
- 2.$540
- 3.$572
- 4.$589
- 5.$736
For this analysis, the average insurance premiums for a 40-year-old male driver covered by a full coverage insurance policy were used, in accordance with MoneyGeek's methodology.
In addition to liability, full coverage policies include the following two coverages, and so are more expensive:
- Collision coverage: covers damages caused by an accident with another vehicle or object
- Comprehensive coverage: covers your vehicle from damages caused by natural disasters or weather-related events and losses caused by theft or vandalism
If you own an older car in Fort Wayne, liability-only or state minimum insurance may be a better option. That’s because full coverage car insurance may cost more in premiums than it would to replace or repair your vehicle.
Compare Car Insurance Rates in Fort Wayne
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Fort Wayne for Minimum Coverage
The cheapest insurance policy is one that provides only the minimum coverage required by law. The following companies offer Fort Wayne’s most affordable and minimum liability insurance, on average:
- Erie: $262 per year
- GEICO: $284 per year
The average liability-only quote from Erie is $326 less expensive than Allstate's quote of $588, the most expensive in the city.
The reason minimum coverage insurance policies are less expensive than full coverage is that they have lower liability limits. The problem is that if you’re in an accident and you don’t have comprehensive and collision coverage, your coverage may be insufficient. See the table below to learn how increasing your liability limits affects insurance premiums.
Cheapest Minimum Liability Car Insurance in Fort Wayne
State Minimum
- CompanyState Minimumper year
- 1.$262
- 2.$284
- 3.$294
- 4.$323
- 5.United Farm Bureau of IN Group$371
Drivers in Indiana are required to carry a minimum liability insurance policy of 25/50/25. Although this is the cheapest insurance in Fort Wayne, it gives the least amount of coverage. That means if you are found to be at fault in an accident, you may have to pay much more out of pocket than your higher premiums would have cost you.
For example, if you caused an accident and the injury to the other party involved exceeds the $25,000 per person limit, you will be required to pay the additional expenses from your own resources.
Indiana Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
Cheapest Car Insurance in Fort Wayne if You Have Driving Violations
Those with traffic tickets in Fort Wayne, whether for speeding, a DUI or an at-fault accident, may experience insurance premium increases, some of which can be substantial. Here are the city's cheapest average annual car insurance rates for the most frequent traffic infractions:
- Cheapest after a speeding ticket: Erie, $532 per year
- Cheapest after an at-fault accident: Erie, $667 per year
- Cheapest after a DUI: Progressive, $762 per year
Irrespective of the violation, you may be able to restore your driving record over time and see your insurance premiums lowered. Meanwhile, it’s probably a good idea to compare insurance prices in Fort Wayne to find the cheapest deal for drivers with bad records.
Cheapest Car Insurance in Fort Wayne With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$532
- 2.$640
- 3.$768
- 4.$769
- 5.$946
Average Cost of Car Insurance in Fort Wayne
Fort Wayne$670
Indiana$725
U.S.$1,424
On average, the annual cost of car insurance in Fort Wayne is $670, which is lower than both the state and national average rates. Policyholders who live in Fort Wayne pay about 7.6% less than Indiana’s average annual premium of $725, and 53% less than the average cost of car insurance in the United States, which is $1,424 per year.
Personalized Quotes to Get You the Cheapest Car Insurance in Fort Wayne
If you're searching for the cheapest auto coverage policies in Fort Wayne, you need to regularly request a personalized quote from several companies in the city, as several factors can affect how much your car insurance plan will cost.
Aside from your location, car insurance companies in Fort Wayne also consider your age, gender, make and model of your vehicle and driving record, among others. To illustrate, in Fort Wayne, GEICO coverage for a 70-year-old male driver costs an average of $529 per year, which is more than three times cheaper than similar coverage for an 18-year-old male driver with the same company.
Compare Car Insurance Rates in Fort Wayne
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Fort Wayne
MoneyGeek ranked car insurance providers based on their average rates, claim ratings and user satisfaction scores to find the best car insurance in Fort Wayne. Based on our analysis, the following are the top-rated car insurance companies:
- Erie: MoneyGeek score of 98 out of 100
- State Farm: MoneyGeek score of 83 out of 100
Conversely, the companies that received the lowest rankings were Allstate and Progressive. Out of 100, these companies scored 27 and 45, respectively.
1
Erie
Score:98
Erie received a perfect score for customer satisfaction and affordability. The insurer also received high scores for financial stability and claims. It offers one rare coverage option called better car replacement. The average premium cost for a 40-year-old driver is $493 per year.
More About Erie
Better car replacement coverage, or Auto Security, replaces your car if it is totaled. The model year of the replacement car depends on how old your previous car was; cars less than two years old will be replaced by the latest model of your car, whereas cars that are older than two years will be replaced with a model that’s two years newer.
Besides new car replacement coverage, the insurer also offers rental car and/or travel reimbursement coverage, new car replacement and accident forgiveness.
Read MoneyGeek's Erie auto Insurance Review2
State Farm
Score:83
State Farm received above average scores for affordability, satisfaction and claims. Drivers can add rideshare insurance to their policy. For a 40-year-old driver in Fort Wayne, the average cost of a policy is $589 per year.
More About State Farm
Rideshare insurance extends your medical, rental car reimbursement and emergency roadside assistance coverage when you work for a ridesharing company. While you’re driving with riders in your vehicle, all the coverage included in your personal auto insurance policy remains in effect except for your liability insurance.
You can also add common coverages to your State Farm policy like roadside assistance and rental car and/or travel reimbursement. These will protect you from car troubles and accidents while you’re traveling.
Read MoneyGeek's State Farm auto Insurance Review3
GEICO
Score:72
4
American Family
Score:69
5
United Farm Bureau of IN Group
Score:52
6
Farmers
Score:50
7
Progressive
Score:45
8
Allstate
Score:27
Average Cost of Car Insurance by Postal Code
Car insurance rates differ by location, but there is almost no variance between regions in Fort Wayne. Drivers who live in ZIP code 46835 will pay about $8 less for their policies than drivers living in ZIP code 46825, the most expensive neighborhood for auto coverage in the city.
- Zip CodeState Minimumper year
- 46835$666
- 46804$670
- 46825$674
Factors That Impact Insurance Costs in Fort Wayne
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Fort Wayne. How Fort Wayne ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
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