Want to learn how to buy cheaper auto insurance rates in Portage, IN? Locating low-cost insurance for a car in Indiana could be difficult, but you can follow the following methods to make it easier. There is a right way and a wrong way to shop for auto insurance so you're going to learn the proper way to compare rates on a and get the cheapest rates.
Amazingly, most Indiana auto insurance customers have stayed with the same insurance company for at least the last four years, and 38% of drivers have never even shopped around for cheaper coverage. Many consumers in the United States could save themselves about 47% a year by just shopping around, but they underestimate the amount of money they would save if they swap their current policy for a cheaper one.
Buying affordable insurance in Portage is quite easy. If you have insurance now or just want a better rate, you can use these tips to get lower rates while maintaining coverages. Drivers just have to understand the quickest method to shop their coverage around instantly.
Cheap auto insurance in Portage, IN
The auto insurance companies shown below can provide comparison quotes in Portage, IN. If multiple companies are listed, we suggest you visit two to three different companies to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado Crew Cab Hybrid 4WD||$896||$448||$75|
|Dodge Grand Caravan SXT||$758||$379||$63|
|Dodge Ram Crew Cab ST 4WD||$728||$364||$61|
|Ford Escape XLS 2WD||$614||$307||$51|
|Ford F-150 Lariat King Ranch 2WD||$948||$474||$79|
|Ford Focus SES 2-Dr Coupe||$1,114||$557||$93|
|GMC Sierra SLT Crew Cab 2WD||$1,012||$506||$84|
|Honda Accord EX 2-Dr Coupe||$998||$499||$83|
|Honda CR-V LX 4WD||$748||$374||$62|
|Honda Civic Hybrid 4-Dr Sedan||$922||$461||$77|
|Hyundai Elantra SE 4-Dr Sedan||$1,050||$525||$88|
|Jeep Grand Cherokee Limited 2WD||$840||$420||$70|
|Nissan Altima 2.5 S 2-Dr Coupe||$1,100||$550||$92|
|Toyota Camry LE||$1,074||$537||$90|
|Toyota Corolla LE||$906||$453||$76|
|Volkswagen Jetta 2.0T Station Wagon||$742||$371||$62|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Price estimates do not factor in specific garaging location which can influence insurance rates greatly.
Car insurance premiums based on gender
The chart below visualizes the comparison of annual premium costs for male and female drivers in Portage. The premiums assume a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are applied on a Kia Optima EX.
Kia Optima rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Physical damage deductibles
A question often asked by Portage drivers is which comprehensive and collision deductibles to buy. The rates below highlight the difference in cost when you choose different deductibles. The first data set uses a $250 deductible for physical damage and the second set of prices uses a $1,000 deductible.
Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sentra 2.0 S||$188||$430||$280||$16||$84||$1,023||$85|
|Sentra 2.0 SR||$188||$430||$280||$16||$84||$1,023||$85|
|Sentra 2.0 SL||$216||$430||$280||$16||$84||$1,051||$88|
|Sentra SE-R SPEC V||$216||$496||$280||$16||$84||$1,117||$93|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sentra 2.0 S||$116||$270||$280||$16||$84||$766||$64|
|Sentra 2.0 SR||$116||$270||$280||$16||$84||$766||$64|
|Sentra 2.0 SL||$134||$270||$280||$16||$84||$784||$65|
|Sentra SE-R SPEC V||$134||$312||$280||$16||$84||$826||$69|
|Get a Quote for Your Vehicle Go|
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Table data does not factor in Portage location which can influence price quotes considerably.
Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $22 more each month or $264 annually than buying the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 34 months between claims, you would most likely save money by selecting a higher deductible. Below is an example of how you can perform this determination yourself.
|Average monthly premium for $250 deductibles:||$87|
|Average monthly premium for $1,000 deductibles (subtract):||- $65|
|Monthly savings from raising deductible:||$22|
|Difference between deductibles ($1,000 - $250):||$750|
|Divide difference by monthly savings:||$750 / $22|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||34 months|
One important issue to know is that a higher deductible results in more money out-of-pocket when you do file a claim. You must have some extra savings in the event you have to pay the higher deductible.
Liability-only versus full coverage
The chart below visualizes the comparison of Toyota Camry car insurance rates when comparing full coverage to state minimum liability only. Data assumes a clean driving record, no at-fault accidents, $100 deductibles, married female driver, and no policy discounts are applied.
Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.
Deciding between full coverage and liability only
There is no clear-cut formula of when to eliminate physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let's assume your Toyota Camry claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after paying your policy deductible. If you are paying in excess of $800 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are a few situations where buying only liability insurance is not in your best interest. If you haven't satisfied your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Cheaper rates by applying discounts
Car insurance is neither fun to buy or cheap, but you can get discounts that many consumers don't even know exist. Certain credits will be shown at the time of quoting, but less common discounts must be manually applied before they will apply.
- One Accident Forgiven - Not really a discount, but companies like Progressive, Allstate, and Liberty Mutual will turn a blind eye to one accident without the usual rate increase so long as you are claim-free prior to being involved in the accident.
- E-sign Discounts - A handful of larger companies provide a small discount for buying your policy on their website.
- New Car Discount - Adding a new car to your policy can save you some money due to better safety requirements for newer models.
- Claim-Free Discount - Claim-free drivers pay much less as compared to accident-prone drivers.
- Driver's Ed - Cut your cost by having your teen driver successfully complete driver's ed class as it can save substantially.
- ABS Braking Discount - Cars, trucks, and SUVs with ABS and/or traction control can reduce accidents and the ABS can save up to 10%.
- Anti-theft System - Cars, trucks, and SUVs optioned with advanced anti-theft systems help deter theft and that can save you a little bit as well.
- Multi-policy Discount - When you have multiple policies with the same company you could save up to 20% off your total premium.
- Discounts for Good Drivers - Insureds without accidents can get discounts for up to 45% lower rates than drivers with accident claims.
Don't be shocked that many deductions do not apply to the entire cost. A few only apply to individual premiums such as liability and collision coverage. Even though it appears all the discounts add up to a free policy, it doesn't quite work that way.
Some companies that have some of the above discounts include:
When quoting, ask every insurance company which discounts you qualify for. Some discounts listed above might not be available to policyholders in every state. For a list of insurers who offer car insurance discounts in Indiana, click here to view.
How your Portage premiums are determined
Lots of things are part of the equation when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, although some other factors are not as apparent such as your credit history or your commute time. The best way to find cheaper insurance is to take a look at some of the factors that come into play when calculating the rates you pay for insurance. If you have a feel for what influences your rates, this allows you to make educated decisions that will entitle you to cheaper rates.
Drive a safer car and pay less - Vehicles with good safety scores get lower rates. Safer cars result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims and thus lower rates. If your car, truck, or SUV is rated at a minimum four stars on Safercar.gov you may be receiving a better rate.
Cheaper rates with high comp and collision deductibles - Deductibles for physical damage define how much you are required to spend out-of-pocket if the claim is covered. Insurance for physical damage, also called comprehensive and collision insurance, protects your car from damage. Some examples of covered claims could be collision with another vehicle, fire damage, and damage from wind. The more of the claim the insured has to pay upfront, the bigger discount you will receive.
Certain vocations pay higher prices - Jobs like military generals, executives and stock brokers tend to have higher average rates because of intense work requirements and lengthy work days. On the flip side, careers such as farmers, historians and retirees generally pay rates lower than average.
Careless driving means higher premiums - Having a clean driving record impacts your car insurance rates tremendously. Careful drivers get better rates than bad drivers. Having a single chargeable violation can increase rates by as much as thirty percent. Drivers with license-revoking citations such as hit and run, DWI or reckless driving convictions may find they need to prove financial responsibility with their state in order to continue driving.
Where you reside plays a part - Having an address in smaller towns and rural areas of the country may provide you with better prices when shopping for auto insurance. Less people translates into fewer accidents in addition to fewer liability claims. People who live in big cities regularly have more traffic problems and longer commute times. Spending more time driving means more chances of being involved in an auto accident.
Only buy coverage you need - Insurance companies have many extra bells and whistles that may not really be needed on your policy. Things like rental car coverage, death and dismemberment, and additional equipment coverage may be wasting your money. They may seem good when deciding what coverages you need, but if you have no use for them think about removing them and cutting costs.
How much liability protection do you need? - Liability coverage is the protection if ever you are responsible for personal injury or accident damage. Your liability coverage provides legal defense coverage which can be incredibly expensive. Liability is cheap compared to comp and collision, so do not cut corners here.
Gender matters - Statistics demonstrate women tend to be less risk to insure than men. However, don't assume that men are WORSE drivers than women. Women and men are responsible for accidents in similar numbers, but the males get into accidents with more damage. Men also statistically receive more costly citations like DUI and reckless driving.
Comparing rates from local Portage insurance agencies
A small number of people still like to buy from a licensed agent and there is nothing wrong with that. Professional agents can answer important questions and help in the event of a claim. A good thing about comparing rates online is that you can find the lowest rates but still work with a licensed agent.
For easy comparison, once you complete this short form, your insurance coverage information is instantly submitted to local insurance agents in Portage that give free quotes for your coverage. It makes it easy because there is no need to even leave your home as quotes are delivered to you. If you wish to quote rates from a specific company, you can always go to their quote page and fill out their quote form.
Picking an insurer requires more thought than just the bottom line cost. Get answers to these questions too.
- Which insurance companies are they affiliated with?
- Are they properly licensed to sell insurance in Indiana?
- Do they have a Better Business Bureau rating in Portage?
- Do you qualify for any additional discounts?
- What is the financial rating for the quoted company?
- Which members of your family are coverage by the policy?
If you feel you receive positive feedback to these questions and a low price estimate, it's possible that you found an insurance company that is reputable and can properly service your car insurance policy. Just keep in mind once you purchase a policy you can terminate your policy whenever you choose to so don't assume that you are permanently stuck with any specific agency for the full policy term.
Big brands don't always mean big savings
Indiana drivers can't ignore all the ads that promise big savings for switching by Allstate, GEICO and Progressive. All the ads tend to make the same promise about how much you will save if you switch your coverage.
How is it possible that every company can charge you less for car insurance? This is the way they can do it.
Many companies have specific characteristics for the right customer that earns them the most money. For example, a driver they prefer may need to be between the ages of 40 and 55, has no driving citations, and drives a lower-performance vehicle. A customer that meets those criteria will most likely get cheap car insurance rates and will probably pay quite a bit less when switching companies.
Potential customers who don't meet the "perfect" profile will be charged higher premium rates and this can result in the customer buying from someone else. If you listen to the ad wording, they say "people who switch" not "everyone that quotes" save the amount stated. That's why insurance companies can confidently make it sound like they have such great prices. This really illustrates why it's extremely important to do a rate comparison at every renewal. Because you never know the company that will have the lowest premium rates for your situation.
In this article, we presented a lot of techniques to shop for car insurance online. The key thing to remember is the more companies you get prices for, the better likelihood of getting the cheapest Portage auto insurance quotes. You may even be surprised to find that the best premium rates are with a small local company.
Insureds switch companies for any number of reasons including extreme rates for teen drivers, high prices, questionable increases in premium or lack of trust in their agent. Regardless of your reason, choosing a new company can be pretty painless.
Lower-priced car insurance in Portage can be sourced both online and also from your neighborhood Portage agents, and you need to price shop both in order to have the best price selection to choose from. A few companies may not have the ability to get a quote online and many times these regional insurance providers only sell coverage through independent agencies.
More tips and info about car insurance can be found in these articles:
- Neck Injury FAQ (iihs.org)
- What Auto Insurance is Cheapest for Unemployed Drivers in Indiana? (FAQ)
- Who Has the Cheapest Indiana Auto Insurance for College Students? (FAQ)
- Who Has Cheap Auto Insurance for Retired Military in Indiana? (FAQ)
- What Auto Insurance is Cheapest for a Subaru Outback in Indiana? (FAQ)
- What Insurance is Cheapest for a Toyota Corolla in Indiana? (FAQ)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Auto Insurance 101 (About.com)