For drivers in Mishawaka, one of the largest criteria that are looked at to help calculate the amount you pay each year for auto insurance is where you normally keep your vehicle. Areas with more people or even just a higher incidence of claims tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims tend to receive cheaper rates.

The following table rates the most expensive areas in Indiana to purchase car insurance in. Mishawaka is ranked #16 with the yearly price of $965 for car insurance, which is around $80 per month.

How much is auto insurance in Mishawaka, IN?
Rank City Annual Premium
1 Gary $1,360
2 Hammond $1,327
3 Portage $1,137
4 Merrillville $1,128
5 Lawrence $1,055
6 Indianapolis $1,050
7 Jeffersonville $1,048
8 Evansville $1,045
9 Terre Haute $1,035
10 Anderson $1,031
11 New Albany $1,028
12 Kokomo $1,001
13 Bloomington $988
14 Fort Wayne $985
15 Columbus $975
16 Mishawaka $965
17 Elkhart $956
18 Fishers $954
19 South Bend $947
20 Carmel $947
21 Richmond $944
22 Greenwood $931
23 Muncie $927
24 Lafayette $926
25 Noblesville $920
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Price information shown is comparative as the specific garaging location can impact coverage rates greatly.

Now that we know where Mishawaka ranks price-wise, deciding which companies have the best insurance rates in Mishawaka will require a little more effort thank just comparing rates from one or two companies. Every car insurance company uses a slightly different approach to set policy rates, so let's take a look at the lowest cost insurance companies in Mishawaka, IN.

Compare Cheap Insurance Quotes in Mishawaka

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What's the cheapest car insurance in Indiana?
Rank Company Cost Per Year
1 Travelers $602
2 USAA $661
3 Cincinnati Insurance $684
4 Erie $726
5 Indiana Farmers Mutual $849
6 Western Reserve $872
7 Auto-Owners $879
8 The Hartford $889
9 Nationwide $958
10 Utica National $965
11 Motorists Mutual $966
12 State Farm $987
13 Hastings Mutual $1,003
14 Safeco $1,003
15 Farmers $1,022
16 Wolverine Mutual $1,094
17 GEICO $1,100
18 Westfield $1,105
19 Progressive $1,106
20 State Auto $1,120
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Travelers normally has some of the cheapest car insurance rates in Mishawaka at around $602 each year. This is $638 less than the average policy premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also rank well as some of the more affordable Mishawaka, IN auto insurance companies.

In the above example, if you are insured with Cincinnati Insurance and switched to Travelers, you might achieve savings of roughly $82. Drivers with Erie may save as much as $124 a year, and Indiana Farmers Mutual customers might cut rates by $247 a year.

These prices are averaged across all types of insureds and vehicles and do not factor in an exact location in Mishawaka. So the car insurance company that can offer the best rates for your situation may not even be in the top 36 companies shown above. That's why you need to get car insurance quotes using your own driver information and specific vehicle type.

Why it's important to shop around

Mishawaka, IN insurance rates are influenced by many factors which can significantly increase or decrease the policy price. Turning one year older, buying higher coverage limits, or getting into an accident may prompt premium changes that may make certain companies affordable when they were higher priced.

Not only may your situation change, but insurance companies change premium rates as needed in order to protect their financial rating. An unexpected high level of claims may result in more expensive premiums, while a better loss history may produce cheaper Mishawaka car insurance rates.

As an example, the graph below shows which companies have the cheapest car insurance in Mishawaka, IN for a 35-year-old male driver with no prior accidents, a clean driving record, and excellent credit. When comparing rates based on his current risk factors, Travelers might quote the cheapest car insurance rates in Mishawaka at $633 per year. This is $607 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are the remaining cheapest Mishawaka, IN auto insurance companies.

Now let's give the driver from the first set of rates a chargeable claim, slightly worse credit, and a couple of points charged on his driving record. Due to the fact that each insurance company has their own guidelines to determine rates, getting updated rate quotes may now present a significantly different list of cheap Mishawaka auto insurance companies as shown below.

The Hartford now has the best price on car insurance in Mishawaka with USAA, Auto-Owners, Nationwide, and Cincinnati Insurance now being in the top five. This example shows why drivers need to perform a complete rate comparison to get the most affordable car insurance rates in Mishawaka. Auto insurance prices are determined by many risk factors and can change substantially, so the best company three years ago may now not even be in the top five.

The make and model of vehicle to be insured is probably the biggest factor when trying to find the most economical auto insurance in Mishawaka. Vehicles with high performance, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models.

The information below presents coverage costs for a handful of the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Mishawaka, IN
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $913
Honda Accord LX 4-Dr Sedan $944
Ford Escape Limited 2WD $969
Chevrolet Equinox LT 2WD $991
Hyundai Elantra SE Touring Station Wagon $995
Ford F-150 XLT Regular Cab 2WD $1,000
Toyota Prius $1,016
Honda Civic VP 4-Dr Sedan $1,026
Ford F-350 XL Super Cab 2WD $1,028
Chevrolet Malibu LTZ $1,064
Ford Explorer XLT 2WD $1,066
Volkswagen Jetta SE 2.5 Station Wagon $1,076
GMC Sierra 3500HD SLE Regular Cab 2WD $1,082
Ford Edge SE AWD $1,092
Ford Focus S 4-Dr Sedan $1,097
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,103
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,109
Toyota RAV4 Limited 4WD $1,117
Kia Optima SX $1,134
Ford Fusion SEL AWD 4-Dr Sedan $1,136
Dodge Grand Caravan Crew $1,142
Chevrolet Impala LTZ $1,147
Honda Odyssey EX-L W/Rear Entertainment $1,142
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Prices do not factor in garaging location in Mishawaka, IN which can lower or raise prices considerably.

By looking at the data, models like the Honda CR-V, Honda Accord, Ford Escape, and Chevrolet Equinox will definitely be some of the less-costly vehicles to insure for drivers in Mishawaka.

Full coverage or liability only

Finding the cheapest car insurance is the goal of most drivers, and one of the fastest ways to pay lower rates for insurance in Mishawaka is to only pay for liability coverage. The illustration below illustrates the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Indiana. The information is based on no tickets, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are applied.

Averaged for all age groups, full coverage on your policy costs an additional $1,454 per year over having just liability coverage. That proposes the question if physical damage coverage is worth the money. There is no set guideline for eliminating physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.