It's hard to miss the commercials from companies like Nationwide and Farmers that make promises of enormous savings. So you should just choose one randomly, right?
It's just not that simple, as there are a whole bunch of unknown aspects like your annual mileage driven, if you need full coverage or just liability, and your driving record. This article will discuss the best ways to find cheap car insurance and hopefully give you enough understanding to have a good start in finding the cheapest car insurance for 4x4's.
One of the many components that are looked at to help calculate the cost of insurance is where you keep your car. More densely populated places like Gary, Portage, and Indianapolis are more likely to pay higher prices, whereas areas that tend to be more rural receive better rates.
The table below rates the priciest cities in Indiana for 4x4 vehicles to buy auto insurance in.
|Rank||City||Premium Per Year|
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Premium amounts are estimated as the garaging address in Indiana can modify price quotes greatly.
The vehicle you are trying to insure is one of the main factors that determines whether or not you can buy the cheapest insurance for 4x4 vehicles. Vehicles with lots of speed or power, poor safety ratings, or a history of substantial liability claims will cost significantly more to insure than safer, lower-performance models. The data below ranks auto insurance rates for some of the most budget-friendly vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$608|
|Hyundai Elantra GLS Touring Station Wagon||$627|
|Honda CR-V EX-L 2WD||$642|
|Chevrolet Impala LS||$643|
|Ford Edge SEL AWD||$650|
|Dodge Grand Caravan Hero||$657|
|Ford Escape Limited 4WD||$662|
|Ford Explorer Eddie Bauer 2WD||$682|
|Ford F-150 XL Regular Cab 4WD||$687|
|Honda Odyssey LX||$690|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$700|
|Toyota Tacoma X-Runner 2WD||$694|
|Toyota Corolla S||$702|
|Jeep Grand Cherokee SRT-8 4WD||$706|
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rates do not factor in specific location which can alter price quotes greatly.
Based upon the table data, models like the Honda Accord, Toyota Prius, Hyundai Elantra, Honda CR-V, and Chevrolet Impala should be a few of the most budget-friendly vehicles to insure for off-road vehicles.
Determining which company offers the most affordable car insurance rates for 4x4 vehicles in Indiana takes more work in order to find the lowest price. Every car insurance company uses a little different formula for setting rates, so let's examine the lowest cost car insurance companies in Indiana.
We do need to point out that Indiana car insurance rates are impacted by many things which can substantially change the cost of your policy. Getting older, increasing deductibles, or getting a ticket for running a stop sign can produce rate changes that can make some companies more affordable than before.
Best Auto Insurance Prices for 4x4's
Travelers has some of the best car insurance rates in Indiana at around $620 each year. This is $620 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve would also be considered some of the most economical Indiana auto insurance companies.
As shown in the table above, if you buy coverage from Erie and switched to Cincinnati Insurance, you could earn a yearly savings of in the neighborhood of $48. Insureds with Western Reserve may save as much as $160 a year, and Indiana Farmers Mutual policyholders might realize rate reductions of up to $197 a year.
If you want to find out if you're overpaying, click here to get a free quote or visit several of the following companies.
Remember that these policy rates are averages across all types of drivers and the different vehicles they drive and and are not calculated with a price discount for 4x4 vehicles. So the car insurance company that can offer the best rates for your situation may not even be in the top 36 companies in the list above. That's why you need to compare as many prices as possible using your own specific driver and vehicle information.
Drive safe and save
One of the best ways to earn cheap car insurance prices in Indiana for off-road vehicles is to drive cautiously and avoid accidents and keep your driving record clean. The chart below highlights how traffic violations and accident claims impact yearly insurance costs for different age groups of insureds. The rates are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
The data in the chart shows the average cost of auto insurance in Indiana per year with no accidents and a clean driving record is $1,840. Receive one speeding ticket and the average cost hikes up to $2,113, an increase of $272 each year. Now include one accident along with the one speeding ticket and the 12-month cost of car insurance for 4x4 vehicles in Indiana goes up to an average of $2,894. That's an increase of $1,054, or $88 per month, just for not driving carefully!
Do you need full coverage?
Reducing the cost of car insurance should be important to most vehicle owners, and one of the fastest ways to find cheap insurance for 4x4 vehicles in Indiana is to buy liability only. The chart below shows the difference between insurance premiums with full physical damage coverage and with liability coverage only. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no other discounts are factored in.
As an overall average, physical damage coverage on your policy costs $1,797 per year more than insuring for liability only. Lot's of drivers question if full coverage is worth the money. There is no written rule of when to exclude physical damage insurance, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let's assume your vehicle's book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $8,000 after you pay the deductible. If premium cost is more than $800 annually to have full coverage, then it could be time to drop full coverage.
How to find budget-friendly insurance for 4x4 vehicles in Indiana
The list below summarizes some of the better penny-pinching ideas that can help Indiana drivers buy lower-cost coverage.
- Increase your credit rating
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Try to pay small claims out-of-pocket
- Get cheaper liability coverage by choosing a safer vehicle
- Do not get into accidents
- Compare prices frequently to find the best deal
That last idea is remarkably vital, as was stressed in the prior information. Auto insurance prices go up and down frequently, so drivers shouldn't be resistant to buy a policy from a new company if a lower price can be found. Having a favorite company is fine, but we do not recommend it if that stubbornness costs you a wad of cash every year. Take a few minutes and compare rates to find cheaper auto insurance for 4x4 vehicles.