Paying for pricey insurance in Mishawaka can dry up your personal savings and put a big crunch on your finances.

Unthinkable but true, nearly 70% of drivers kept their policy with the same company for at least four years, and nearly the majority have never even shopped around for lower-cost coverage. Consumers in Mishawaka could cut their rates by almost $700 a year just by comparing rates, but they mistakenly think it's difficult to find lower-cost insurance by shopping around.

Big-name insurance companies like GEICO, Farmers Insurance and State Farm continually hit you with catchy ads and consumers find it hard to see past the geckos and flying pigs and find the best price available.

If you have insurance now, you will most likely be able to lower your rates using the techniques presented in this article. Choosing the best rates in Mishawaka is quite easy if you know the best way to do it. But Indiana vehicle owners do need to learn the way companies charge you for coverage because it varies considerably.

Informed consumers can reduce your rates

Consumers need to have an understanding of the factors that are used to determine the rates you pay for car insurance. If you have some idea of what determines premiums, this helps enable you to make changes that could help you find lower premium levels.

Single vs. married - Your spouse may save some money on your policy. It usually means you are more responsible and insurance companies reward insureds because married drivers tend to file fewer claims.

Drive lots and pay more - The higher the mileage driven annually the more you'll pay to insure it. Most insurance companies rate vehicles based upon how much you drive. Vehicles that have low annual miles qualify for better rates than vehicles that are driven to work every day. It's a smart idea to ensure your vehicle rating correctly shows the correct usage.

Liability coverage - Your policy's liability coverage will provide protection when you are responsible for causing damage or personal injury in an accident. This coverage provides legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should carry high limits.

Policy add-ons may be wasting money - There are many optional add-on coverages that can add up but may not be useful. Insurance for replacement cost coverage, accident forgiveness, and extra equipment coverage are probably not needed. You may think they are a good idea when buying your policy, but your money might be better spent on other coverage so eliminate them to save money.

Vehicle theft costs us all - Choosing a vehicle with a theft deterrent system can earn a premium discount. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms all hinder car theft and help bring rates down.

Consider raising physical damage deductibles - Deductibles for physical damage define how much you are willing to pay if you file a covered claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some instances where coverage would apply would be colliding with a stationary object, collision with a deer, and damage caused by road hazards. The more expense you're willing to pay, the lower your rates will be.

The method we recommend to compare policy rates is to know most larger insurance companies pay for the opportunity to compare rate quotes. All consumers are required to do is spend a couple of minutes providing details such as if you're married, level of coverage desired, distance driven, and if you require a SR-22. Those rating factors is then submitted to many highly-rated insurers and they return cost estimate immediately.

To start a rate quote now, click here then complete the form.

The companies in the list below provide free quotes in Mishawaka, IN. If the list has multiple companies, we recommend you visit as many as you can to get a more complete price comparison.

Insurance Rates for Popular Vehicles in Mishawaka
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Crew Cab 2WD $864 $432 $72
Chevrolet Equinox LTZ AWD $1,198 $599 $100
Chevrolet Silverado LT Regular Cab $1,008 $504 $84
Dodge Ram Crew Cab Sport 2WD $864 $432 $72
Ford Escape XLS 2WD $842 $421 $70
Ford Explorer Limited 2WD $866 $433 $72
Ford F-150 XLT Super Cab 2WD $792 $396 $66
Ford Focus SEL 4-Dr Sedan $766 $383 $64
GMC Sierra SLE Crew Cab 2WD $1,210 $605 $101
Honda Accord LX-S 2-Dr Coupe $870 $435 $73
Honda CR-V LX 2WD $746 $373 $62
Honda Civic SI 4-Dr Sedan $844 $422 $70
Jeep Grand Cherokee Laredo 4WD $1,206 $603 $101
Nissan Altima 2.5 S 2-Dr Coupe $970 $485 $81
Nissan Rogue S 2WD $894 $447 $75
Toyota Camry XLE $800 $400 $67
Toyota Corolla S $826 $413 $69
Toyota Prius $684 $342 $57
Toyota Tacoma Double Cab 4WD $1,022 $511 $85
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Information does not factor in garaging location in Mishawaka which can modify premiums substantially.

Can higher deductibles save money?

One of the hardest decisions when shopping for auto insurance is the level to set your comp and collision deductibles. The following tables show the differences in premium rates between low and high comp and collision deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

GMC Acadia insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Acadia SL 2WD $188 $300 $280 $16 $84 $893 $74
Acadia SL AWD $216 $300 $280 $16 $84 $921 $77
Acadia SLE 2WD $216 $300 $280 $16 $84 $921 $77
Acadia SLE AWD $216 $366 $280 $16 $84 $987 $82
Acadia SLT 2WD $216 $366 $280 $16 $84 $987 $82
Acadia SLT AWD $244 $366 $280 $16 $84 $1,015 $85
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GMC Acadia insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Acadia SL 2WD $116 $188 $280 $16 $84 $684 $57
Acadia SL AWD $134 $188 $280 $16 $84 $702 $59
Acadia SLE 2WD $134 $188 $280 $16 $84 $702 $59
Acadia SLE AWD $134 $230 $280 $16 $84 $744 $62
Acadia SLT 2WD $134 $230 $280 $16 $84 $744 $62
Acadia SLT AWD $152 $230 $280 $16 $84 $762 $64
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Information does not factor in zip code location which can revise insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $19 more each month or $228 annually than choosing the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 39 months between claim filings, you would more than likely save some money if you choose the higher deductible. The table below shows a better example of how we made this calculation.

Average monthly premium for $250 deductibles: $80
Average monthly premium for $1,000 deductibles (subtract): - $61
Monthly savings from raising deductible: $19
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 39 months

Car insurance is an important decision

Despite the high insurance cost in Mishawaka, buying car insurance is mandatory in Indiana but it also protects more than you think.

The benefits of buying enough insurance more than cancel out the cost, especially when you need to use it. According to a 2015 survey, the average American driver is overpaying more than $865 each year so shop around every year to ensure rates are inline.

Companies offer many types of discounts on car insurance

Car insurance can cost a lot, but you might be missing out on some discounts that could drop your premiums quite a bit. Certain discounts will be applied at the time of purchase, but some need to be manually applied in order for you to get them.Car insurance discounts

Remember that most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Even though it appears adding up those discounts means a free policy, companies don't profit that way.

To locate providers who offer discounts in Mishawaka, follow this link.

Do I just need basic coverages?

When it comes to buying insurance from an agent or online for your personal vehicles, there is no "perfect" insurance plan. Everyone's situation is unique.Safe vehicles cost less to insure

For example, these questions could help you determine whether your personal situation may require specific advice.

If you're not sure about those questions, you might consider talking to a licensed insurance agent. If you don't have a local agent, take a second and complete this form.

Insurance claim statistics

Which vehicles statistically have the most claims? The next tables show the highest and lowest vehicle models for the overall chance of having large claims for each type of coverage listed.

Lowest and Highest Medical Payment Claims by Manufacturer Model
Lowest Claims Highest Claims
Audi A4 Allroad Mitsubishi Lancer
Chevrolet Corvette Kia Forte
Ford F-250 SuperCrew Dodge Charger
Ford Expedition Nissan Sentra
Chevrolet Silverado 2500 Chevrolet Sonic
Chevrolet Silverado 3500 Chrysler 200

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car Insurance Liability Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Fiat 500 Chrysler 200
Subaru Outback Chevrolet Cruze
Chevrolet Corvette Mitsubishi Lancer
Audi A6 Mitsubishi Mirage
Mercedes-Benz SL Class Hyndai Accent
Subaru Forester Kia Rio

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicles with the Lowest and Highest Car Insurance Collision Claims
Lowest Claims Highest Claims
GMC Canyon Ferrari 458
Mini Cooper BMW M6
Smart ForTwo Audi RS7
Ford F-150 SuperCrew Bently Continental GT
Jeep Wrangler Nissan GT-R
Ford Edge Maserati Granturismo

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car Insurance Comprehensive Claims by Vehicle
Lowest Claims Highest Claims
Chevy Spark Mercedes-Benz S Class
Chevy Silverado 2500 Maserati Granturismo
Nissan Xterra Bentley Continental GT
Infiniti QX50 Bentley Continental GTC
Smart ForTwo BMW M6
Ford F-350 Audi S7

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

One last note

Insureds who switch companies do it for many reasons like extreme rates for teen drivers, denial of a claim, delays in responding to claim requests or even not issuing a premium refund. It doesn't matter what your reason, finding a new company is not as difficult as it may seem.

When you buy Mishawaka auto insurance online, don't be tempted to sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped liability coverage limits and learned later that it was a big mistake. Your objective should be to purchase a proper amount of coverage at the best cost, but don't skip important coverages to save money.

We just presented a lot of techniques to lower your insurance car insurance rates in Mishawaka. It's most important to understand that the more providers you compare, the better your chances of lowering your premium rates. You may even find the lowest car insurance rates come from a lesser-known regional company.

Additional insurance information can be read on the following sites: