Various factors come into play when determining the best car insurance rates in Fort Wayne. Since everyone has different circumstances, it’s best that you regularly request a personalized quote from several car insurance companies in Fort Wayne to get a policy that can meet your needs.
Compare the Cheapest Car Insurance Quotes in Fort Wayne, IN
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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.
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The Best Cheap Car Insurance Companies in Fort Wayne
Of auto insurance companies in Fort Wayne, Erie tops the list with the most affordable average car insurance rate of $493 per year. The five cheapest companies in the city are Erie, GEICO, Progressive, State Farm and American Family. In fact, an Erie policy is typically 78.9% less expensive than a similar policy with Allstate, the most expensive car insurance company in Fort Wayne.
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- CompanyAmountper year
- 1. Erie$493
- 2. GEICO$540
- 3. Progressive$572
- 4. State Farm$589
- $736
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.
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Cheapest Car Insurance in Fort Wayne by Coverage Amount
How much car insurance coverage you purchase in Fort Wayne also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.
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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.
Should you get a liability-only plan, or should you get a full-coverage policy instead? Fort Wayne’s most affordable option for a 50/100/50 liability-only plan is offered by Erie for an average of $279 per year. The 50/100/50 designation means that your car insurance plan can cover the cost of the other driver’s expenses up to $50,000 worth of medical bills per person and $100,000 per vehicle, together with $50,000 worth of property damage repair.
Since a liability-only policy does not cover your expenses, you can also get a 50/100/50 full-coverage plan to cover your own costs as well. With Erie, there is an average premium difference of $188 between a 50/100/50 liability-only and full-coverage policy. Different car insurance companies in Fort Wayne have different premium differences, so you need to regularly request personalized quotes to get one that suits your personal needs.
Average Car Insurance Premiums by Coverage Type
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1. Erie$262$279
- 2. GEICO$284$325
- 3. State Farm$294$333
- 4. Progressive$323$354
- 5. United Farm Bureau of IN Group$371$415
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1. Erie$467$493
- 2. GEICO$494$540
- 3. State Farm$543$589
- 4. Progressive$520$572
- 5. United Farm Bureau of IN Group$747$791
Compare Car Insurance Rates in Fort Wayne
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Cheapest Car Insurance in Fort Wayne if You Have Tickets
In addition to being safer on the road, another advantage of having a clean driving record is getting more affordable car insurance rates in Fort Wayne. For instance, drivers who have a clean record can get a policy from State Farm for an average of $589 per year, while similar coverage will cost an average of $917 if you have a DUI on your record.
Another violation that can significantly affect your car insurance rates is a speeding ticket. In Fort Wayne, drivers with a speeding ticket will pay an average of $769 annually for their coverage with GEICO, as compared to drivers with a clean record who will pay around $229 less for similar coverage with the same company.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1. Erie$532$667$802
- 2. State Farm$640$797$917
- $768$768$768
- 4. GEICO$769$1,016$1,223
- 5. Progressive$946$1,364$762
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
Insurance Providers That Serve Fort Wayne
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.
Shopping around for car insurance in Fort Wayne could save you $177, which is enough to buy:
59Cups of Coffee
14Months of Your Favorite Streaming Service
Methodology and Assumptions
MoneyGeek’s average premium rates for Fort Wayne are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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.
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