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.
bestauto insuranceFort Wayne2021The Cheapest and Best Car Insurance in Fort Wayne
The Cheapest Car Insurance Companies in Fort Wayne
For a full coverage car insurance policy in Fort Wayne, the cheapest insurance providers on average are:
- Erie: $493 per year
- GEICO: $540 per year
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.
To complete this study, MoneyGeek collected average car insurance rates in Fort Wayne based on a sample 40-year-old male driver profile with a full coverage policy, including both liability and comprehensive and collision insurance.
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- CompanyAmountper year
- 1.$493
- 2.$540
- 3.$572
- 4.$589
- 5.$736
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.
The Best Car Insurance Companies in Fort Wayne
If you are a driver in Fort Wayne looking to balance affordability with quality service, MoneyGeek ranked the best car insurance providers in the city. According to MoneyGeek’s research, the top options for most drivers are:
- Erie: MoneyGeek score 95 out of 100
- United Farm Bureau of IN Group: MoneyGeek score 93 out of 100
USAA received the highest score in Fort Wayne by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To calculate these final scores out of 100, MoneyGeek used a combination of factors, including J.D. Power ratings for user satisfaction, affordability and financial stability.
1
USAA
Score:100
2
Erie
Score:95
3
United Farm Bureau of IN Group
Score:93
4
Hartford
Score:88
5
Auto-Owners Insurance Co
Score:88
6
GEICO
Score:88
7
Cincinnati Insurance Companies
Score:88
8
Country Financial
Score:85
9
State Farm
Score:85
10
Nationwide
Score:83
11
Esurance
Score:83
12
Grange
Score:80
13
Progressive
Score:80
14
Allstate
Score:80
15
American Family
Score:80
16
Travelers
Score:80
17
MetLife
Score:80
18
Farmers
Score:78
19
Hanover
Score:75
20
Liberty Mutual
Score:75
21
AAA
Score:75
22
Safeco
Score:73
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.
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
Cheapest Car Insurance in Fort Wayne by Coverage Amount
In Fort Wayne and elsewhere, how much coverage you choose to buy is a prime factor that influences car insurance costs. For example, a state minimum liability policy costs an average of $384 per year. A full coverage policy with higher liability limits costs $670 on average. That is a difference of $286.
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: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$262$279
- 2.$284$325
- 3.$294$333
- 4.$323$354
- 5.United Farm Bureau of IN Group$371$415
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$467$493
- 2.$494$540
- 3.$543$589
- 4.$520$572
- 5.United Farm Bureau of IN Group$747$791
Cheapest Car Insurance in Fort Wayne if You Have Driving Violations
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.$532$667$802
- 2.$640$797$917
- 3.$768$768$768
- 4.$769$1,016$1,223
- 5.$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.
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.
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