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How much is car insurance in Fort Wayne?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the rates you'll pay for coverage in Fort Wayne are about the same as what you would pay anywhere else in Indiana.
That being said, car insurance rates in Fort Wayne are more affordable than the national average. Car insurance rates for the United States as a whole are, on average, $29 more expensive than the rates you'd pay in Fort Wayne.
The price you pay may very well be higher or lower than the rates you see, but we can help explain why. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. The final dollar amount you'll be asked to pay each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
Don't worry, we've done the work for you and broken down the average rates for Fort Wayne to help you understand what your monthly premium might be. And if you're not certain that you're paying the lowest option, simply enter your ZIP Code below and find out in just minutes!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|45-54||Not Enough Data|
The longer you've been on the road, the more experienced of a driver you are. That experience can lead to some serious savings when it comes to auto insurance bills. According to the table above, you can see that 18-24-year-olds pay significantly more than drivers 65 and older.
You can expect to see a decrease in your monthly premium drop about once a decade or so. You may see your rates climb back up a bit once you hit retirement age in Fort Wayne.
Average Car Insurance Rates by Gender
Car insurance rates for female drivers are usually cheaper than those for male drivers. While female drivers pay a bit less than male drivers on their monthly premiums, the difference in Fort Wayne is only about $2 per month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. A clean driving record will get you a lower rate than one with even just a single accident or infraction. In Fort Wayne, a driving record with a single accident will usually get you a rate around $58 a month. Likewise, drivers with one ticket will be looking at a rate of around $66 a month on average.
Accidents, tickets, and other driving infractions can really hurt your wallet. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$42|
|15 Years or Older||$50|
In Fort Wayne, the cheapest vehicles to insure are typically trucks and vans, with drivers paying around $45 per month for insurance coverage.
Cars and SUV, on the other hand, usually cost about $53 for auto insurance.
In addition to vehicle type, you can also expect to see slightly different rates depending on the age of your vehicle. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old however, your rates may start to dip back down a bit. In Fort Wayne, vehicles eleven-to-fourteen years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$55|
More often than not, people who are married will pay slightly less for car insurance coverage. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.
The cost of auto insurance in Fort Wayne reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $14 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$79|
One other element taken into consideration is your housing status. If you rent your home or apartment in Fort Wayne, expect to pay around $4 a month more than if you are a homeowner. But those who live at home with their parents can expect to pay significantly more.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Fort Wayne, IN
Recent trends in car insurance for Fort Wayne drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance policy.
In Fort Wayne, auto insurance rates increased from 2017-2019, when they hit a high of $60. This shifted in 2020, when car insurance rates started to decrease. They reached a low of $47 in 2021, and finished up in 2022, at $52 a month.
How does Fort Wayne compare to neighboring areas?
Why are car insurance rates in Fort Wayne different from other areas?
Car insurance companies look at a variety of factors when they're deciding how much to charge for a policy. The price of your insurance policy will depend largely on where you park your car and will be influenced by things such as:
- Total number of drivers in the region
- Road Safety (total number of local car accidents)
- Off-street parking access
- Area crime rates
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Each area will have different rates. Guides like these are a wonderful place to get started.
How can I find the cheapest car insurance in Fort Wayne?
In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.
Don't worry, Compare.com does all of that work for you. Enter your ZIP below, answer a few questions about your driving profile, and you'll be comparing the cheapest quotes from the many car insurance companies offering policies in Fort Wayne.
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Fort Wayne Insurance FAQs
What factors affect car insurance quotes in Fort Wayne?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, as well as your address, driving record, credit score, and marital status.
Why is the cost of car insurance in Fort Wayne different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, parking situations, and crime rates -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Fort Wayne?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Fort Wayne?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Fort Wayne or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?
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