How many times have you told yourself it's time to shop around for cheaper insurance rates in Frankfort, IN? No sane person is fond of buying insurance, particularly when the cost is too high.

A recent insurance study revealed that a large majority of insurance policyholders kept buying from the same company for a minimum of four years, and practically 40% of insurance customers have never compared quotes from other companies. Consumers in Frankfort could pocket $700 a year by just shopping around, but they just don't understand how easy it is to shop their coverage around. Many insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates to find the cheapest price on insurance.

Most of the larger companies such as Progressive, GEICO, Allstate and State Farm allow you to get pricing on the web. Getting online quotes is pretty easy as you just enter the amount of coverage you want on the page. When complete, the system will order information on your driving record and credit history and returns pricing information. This makes comparing rates easy, and it's absolutely necessary to have as many quotes as possible in order to get the lowest payment.

To save time and find out how much you can save on insurance, compare rate quotes from the providers shown below. If you have a policy now, it's recommended you type in the limits and deductibles exactly as they are listed on your policy. This makes sure you will have comparison quotes for similar coverage.

The car insurance companies shown below are our best choices to provide quotes in Frankfort, IN. If more than one company is shown, we suggest you click on several of them to get the best price comparison.

Insurance Rates for Popular Vehicles in Frankfort
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LS 2WD $654 $327 $55
Chevrolet Silverado LS Crew Cab 4WD $802 $401 $67
Dodge Grand Caravan Crew $860 $430 $72
Dodge Ram Crew Cab Laramie 2WD $1,026 $513 $86
Ford Edge Sport 2WD $900 $450 $75
Ford Escape XLS 4WD $720 $360 $60
Ford F-150 XLT Regular Cab 2WD $692 $346 $58
Ford Focus SE 2-Dr Coupe $836 $418 $70
Honda Accord EX 2-Dr Coupe $964 $482 $80
Honda CR-V EX-L 4WD $646 $323 $54
Honda Civic VP 4-Dr Sedan $882 $441 $74
Hyundai Elantra GLS Touring Station Wagon $842 $421 $70
Nissan Altima 2.5 S 4-Dr Sedan $766 $383 $64
Toyota Camry SE $784 $392 $65
Toyota Corolla XLE $826 $413 $69
Toyota Prius $732 $366 $61
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in garaging location in Frankfort which can impact insurance rates considerably.

Comparison of auto insurance rates by gender and age

The illustration below illustrates the difference between insurance costs for male and female drivers in Frankfort. Data assumes no claims or driving violations, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are taken into consideration on a Kia Optima SX.

Kia Optima rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Higher deductibles save money

One frequently asked question is the level to set your comp and collision deductibles. The tables below can help show how much more you'll pay when you buy lower versus higher physical damage coverage deductibles. The first price estimate table uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.

Hyundai Sonata insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $242 $436 $318 $18 $94 $1,133 $94
Sonata GLS 4-Dr Sedan $242 $436 $318 $18 $94 $1,133 $94
Sonata GLS 4-Dr Sedan $242 $436 $318 $18 $94 $1,133 $94
Sonata SE 4-Dr Sedan $242 $514 $318 $18 $94 $1,211 $101
Sonata SE 4-Dr Sedan $242 $514 $318 $18 $94 $1,211 $101
Sonata Limited 4-Dr Sedan $272 $514 $318 $18 $94 $1,241 $103
Sonata Limited 4-Dr Sedan $272 $514 $318 $18 $94 $1,241 $103
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Hyundai Sonata insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $134 $230 $318 $18 $94 $794 $66
Sonata GLS 4-Dr Sedan $134 $230 $318 $18 $94 $794 $66
Sonata GLS 4-Dr Sedan $134 $230 $318 $18 $94 $794 $66
Sonata SE 4-Dr Sedan $134 $270 $318 $18 $94 $834 $70
Sonata SE 4-Dr Sedan $134 $270 $318 $18 $94 $834 $70
Sonata Limited 4-Dr Sedan $152 $270 $318 $18 $94 $852 $71
Sonata Limited 4-Dr Sedan $152 $270 $318 $18 $94 $852 $71
Get a Quote for Your Vehicle Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rates do not factor in specific Frankfort garaging location which can influence rates noticeably.

Using the premium rates above, we can conclude that using a $100 deductible costs an average of $30 more each month or $360 for a full year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 30 months between claims, you would probably save some money if you opt for a higher deductible.

Protect your vehicle and other assets

Even though it's not necessarily cheap to insure a vehicle in Frankfort, insurance serves several important purposes.

The benefits of buying insurance are definitely more than the cost, particularly if you ever have a claim. But the average driver in Indiana is overpaying more than $850 per year so compare rates once a year at a minimum to be sure current rates are still competitive.

Do you qualify for discounts on car insurance?

Car insurance is not cheap, but companies offer discounts that you may not even know about. A few discounts will automatically apply when you complete an application, but a few need to be specifically requested before being credited. If you do not double check each discount available, you're paying more than you need to.Save money with discounts

It's important to note that many deductions do not apply to the entire cost. A few only apply to individual premiums such as physical damage coverage or medical payments. So when it seems like all those discounts means the company will pay you, car insurance companies aren't that generous.

A few popular companies and a selection of discounts are shown below.

When quoting, ask each company or agent which credits you are entitled to. Some credits might not apply in Frankfort. To choose companies that can offer you the previously mentioned discounts in Frankfort, click this link.

Local Frankfort car insurance agents

A lot of people still prefer to talk to an insurance agent. Licensed agents will help you protect your assets and help you file claims. An additional benefit of price shopping on the web is that you can find cheap auto insurance rates but also keep your business local. And providing support for neighborhood agents is still important in Frankfort.

Insurance agency in FrankfortUpon completion of this quick form, your insurance data is immediately sent to agents in your area who will give you bids to get your business. You won't even need to leave your computer since rate quotes are delivered straight to your inbox. If you need to quote rates from a specific insurance company, you can always go to their quote page and give them your coverage information.

Insurance agent types

If you prefer to buy auto insurance from a reputable insurance agent or broker, it helps to know the two different types of agents that differ in how they can insure your vehicles. Auto insurance agents in Frankfort are considered either independent or exclusive. Both types can sell auto insurance policies, but it's good to learn how they are different since it can affect which type of agent you select.

Independent Auto Insurance Agencies or Brokers

Independent insurance agents are not employed by one company so as a result can place your coverage with any number of different companies and potentially find a lower price. If they find a cheaper price, they can switch companies in-house which is easy for the insured. When comparing rate quotes, we recommend you check rates from multiple independent agents in order to have the best price comparison.

Exclusive Auto Insurance Agents

Agents of this type can usually just insure with one company such as American Family, State Farm, and AAA. Exclusive agencies are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agents are well trained on their company's products and that enables them to sell even at higher rates.

Finding the right insurance agency should depend on more than just the bottom line cost. Any agent in Frankfort should be forthright in answering these questions:

Once you have received good answers to these questions and an affordable coverage quote, it's possible that you found an auto insurance agent that meets the criteria to properly insure your vehicles. But remember, it's your policy and you can terminate your policy for any reason so don't assume you're contractually obligated to any specific company with no way to switch.

When in doubt talk to an agent

Keep in mind that when it comes to choosing your policy, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.Safe vehicles cost less to insure

These are some specific questions can help discover if your insurance needs would benefit from professional advice.

If you don't know the answers to these questions, then you may want to think about talking to an insurance agent. If you don't have a local agent, take a second and complete this form. It's fast, free and may give you better protection.

Car insurance coverage breakdown

Understanding the coverages of your car insurance policy can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Liability insurance

Liability insurance can cover injuries or damage you cause to other people or property by causing an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/10 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability can pay for claims like loss of income, funeral expenses, bail bonds, medical expenses and emergency aid. How much coverage you buy is a personal decision, but consider buying as large an amount as possible. Indiana state law requires minimum liability limits of 25/50/10 but drivers should carry more liability than the minimum.

Lowest and Highest Car Insurance Liability Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
Subaru Forester Mitsubishi Lancer
Chevrolet Corvette Mitsubishi Mirage
Acura MDX Chrysler 200
Fiat 500 Chevrolet Cruze
Volvo XC60 Hyndai Accent
Subaru Outback Chevrolet Impala

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

Medical expense coverage

Med pay and PIP coverage kick in for expenses such as dental work, surgery, nursing services, prosthetic devices and pain medications. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Vehicle Models with the Lowest and Highest Medical Payment Insurance Claims
Lowest Claim Frequency Highest Claim Frequency
Ford Expedition Chrysler 200
Chevrolet Silverado 2500 Chevrolet Sonic
Ford F-250 SuperCrew Chevrolet Spark
Ford F-350 SuperCrew Hyundai Accent
Audi A4 Allroad Nissan Sentra
Land Rover Range Rover Sport Mitsubishi Mirage

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

Collision coverage

This coverage covers damage to your vehicle resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims such as sideswiping another vehicle, backing into a parked car and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Car Insurance Collision Claims by Manufacturer Model
Lowest Claim Frequency Highest Claim Frequency
Ford F-250 SuperCab BMW 6 Series
Ford Edge Ferrari 458
Jeep Wrangler BMW M6
GMC Canyon Maserati Granturismo
Chevrolet Colorado Maserati Ghibli
Smart ForTwo Bentley Continental Flying Spur

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

Comprehensive protection

This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as vandalism, damage from a tornado or hurricane, damage from flooding and a broken windshield. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Vehicle Models with the Lowest and Highest Comprehensive Insurance Claims
Lowest Claim Frequency Highest Claim Frequency
Chevy Spark Audi S7
GMC Sierra 2500 BMW M6
Volvo V60 Maserati Granturismo
Ford F-350 Maserati Quattroporte
Infiniti QX50 Porsche Panamera GTS
Chevy Silverado 2500 BMW M6

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

Uninsured or underinsured coverage

This coverage protects you and your vehicle's occupants from other motorists when they are uninsured or don't have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your vehicle.

Due to the fact that many Indiana drivers have only the minimum liability required by law (25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually the UM/UIM limits are identical to your policy's liability coverage.

Persistence will pay off

Insureds change insurance companies for any number of reasons including poor customer service, policy cancellation, delays in responding to claim requests or high prices. It doesn't matter why you want to switch finding a great new company is less work than it seems.

Throughout this article, we presented a lot of ways to get a better price on insurance in Frankfort. It's most important to understand that the more quotes you get, the better your chances of lowering your premium rates. Drivers may even discover the biggest savings come from a company that doesn't do a lot of advertising.

There are still a few companies who may not provide internet price quotes and usually these smaller companies provide coverage only through independent insurance agents. Lower-priced insurance in Frankfort can be sourced on the web and with local Frankfort insurance agents, and you should compare price quotes from both to get a complete price analysis.

More information is available at these links: