Wouldn't it be easy if we knew the single company that has the best rates for postal workers? Unfortunately, it's just not that easy, as there are a ton of unknown factors such as what deductibles to use for physical damage coverage, if you have a spouse, your annual mileage driven, and whether you want full coverage, that all have an effect on the price of a policy. This article will detail the things that cause high insurance rates and will hopefully give the reader a good beginning to your search for cheaper coverage.
For postal employees, one of the largest criteria that are used to help calculate insurance cost is where you keep your car. Larger areas like Gary, Portage, and Merrillville tend to have more expensive auto insurance rates, whereas more rural areas benefit from lower prices.
The next table rates the priciest cities in Indiana for postal workers to buy auto insurance in.
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Prices are approximated as the specific area where the vehicle is garaged can increase or decrease coverage rates substantially.
Deciphering which companies offer the best car insurance rates for postal workers in Indiana takes a little more effort in order to find the best price.
Each auto insurer used slightly different criteria for setting rates, so let's take a look at the car insurance companies with the overall cheapest rates in Indiana. Keep in mind that Indiana car insurance rates are impacted by many factors which can significantly increase or decrease the cost of your policy. Improving your credit score, buying a different home, or having a fender bender may cause policy rate changes that can now make some companies affordable when they were higher priced.
Best Auto Insurance Prices for USPS Employees
|Rank||Company||Cost Per Year|
|5||Indiana Farmers Mutual||$841|
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Travelers normally has some of the best car insurance rates in Indiana at around $614 each year. This is $626 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also rank well as some of the cheaper Indiana insurance companies.
As the example above demonstrates, if you are insured with USAA and switched to Travelers, you might achieve yearly savings of around $67. Policyholders with Erie could save as much as $119 a year, and Indiana Farmers Mutual customers might reduce prices by as much as $227 a year.
It's important to note that these premiums are averages for all insureds and vehicles and and are not calculated with a price decrease for postal workers. So the car insurance company that can offer you the best rate may not even be in the list above. That illustrates why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
The vehicle model requiring insurance is one of the main factors when looking for economical auto insurance for postal workers. Vehicles with lower performance, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than high performance models.
The data below shows coverage rates for the more affordable vehicles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$568|
|Volkswagen Jetta S 2.5 Station Wagon||$603|
|Ford Escape XLS 2WD||$608|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$615|
|Honda Accord LX-P 4-Dr Sedan||$608|
|Chevrolet Impala LT||$657|
|Hyundai Elantra Blue 4-Dr Sedan||$680|
|Ford F-150 STX Regular Cab 4WD||$682|
|Dodge Grand Caravan SE||$692|
|Toyota Camry SE||$694|
|Ford Edge SEL 2WD||$706|
|Chevrolet Silverado LS Crew Cab 4WD||$715|
|Jeep Grand Cherokee Laredo 4WD||$721|
|Honda Odyssey EX W/Rear Entertainment||$726|
|Chevrolet Malibu LT||$734|
|Ford Explorer Limited AWD||$742|
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in vehicle garaging location which can revise prices greatly.
Based upon the rates shown, we can conclude that vehicles like the Honda CR-V, Volkswagen Jetta, and Ford Escape will definitely be some of the most economical vehicles to insure for postal employees.
How to get discounts on Indiana insurance
Insurers that offer coverage for postal workers may provide special discounts that could lower prices by as much as 25% or more if you meet certain criteria. A list of companies and a summarized list of policyholder discounts include:
- State Farm offers discounts for safe vehicle, student away at school, good student, driver's education, and multiple autos.
- American Family may have discounts that include TimeAway discount, mySafetyValet, accident-free, bundled insurance, Steer into Savings, and good driver.
- AAA offers discounts including pay-in-full, education and occupation, multi-car, multi-policy, good driver, and anti-theft.
- GEICO includes discounts for military active duty, seat belt use, defensive driver, daytime running lights, and five-year accident-free.
- Mercury Insurance offers premium reductions for age of vehicle, professional/association, good driver, location of vehicle, and good student.
- Farmers Insurance has discounts for distant student, youthful driver, electronic funds transfer, good student, early shopping, switch companies, and mature driver.
- Progressive may offer discounts for homeowner, multi-vehicle, online signing, good student, multi-policy, online quote discount, and continuous coverage.
The chart below visualizes the comparison of insurance costs with and without discounts being applied to the rates. The data is based on a male driver, no claims, a clean driving record, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with passive restraint, safe-driver, vehicle safety, accident-free, homeowner, and multiple policy discounts applied. When drivers qualify for the discounts, theamount saved on car insurance for postal workers is 28% or $407.
Finding the top car insurance provider can be rather challenging considering how many companies sell coverage in Indiana. The ranking data shown below could help you analyze which car insurance providers to look at when shopping insurance around for postal workers. The rankings below are only comprised of major nationwide insurance companies, so companies with more of a regional focus are not factored into the list.
Top 10 Major Auto Insurance Providers in Indiana Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- The General
Top 10 Major Auto Insurance Providers Overall in Indiana
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
Why it's important to shop around
Indiana car insurance rates are based on many factors that can increase the price of coverage. Simply getting older, having a claim, or getting a few speeding tickets can trigger rate changes that can make some companies more affordable than the competition.
In addition, car insurance companies modify rates at least once a year in order to protect their financial rating. Significantly higher claims can cause more expensive premiums, while profitable underwriting can result in more affordable Indiana car insurance rates.
To illustrate this point, the data below shows the companies that have the cheapest car insurance in Indiana for a 45-year-old female driver with no violations or accidents, and great credit. When comparing rates based on her current rating profile, Travelers may have the cheapest car insurance rates in Indiana at $602 annually. This is $638 less than the average rate paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also make the list of the cheapest Indiana auto insurance companies.
Let's now give the driver from the first example an accident claim, a little lower credit rating, and a few blemishes on her driving record. Due to the fact that every insurance company has a different process to determining premium rates, getting updated rate quotes may result in a completely different list of the cheapest companies as shown below.
The Hartford now has the best price on car insurance in Indiana with Auto-Owners, Nationwide, Cincinnati Insurance, and Motorists Mutual also having competitive pricing. This example proves why it is so important to compare many different companies to find the lowest auto insurance quotes for postal workers. Rates are calculated by many different factors and can change without notice, so the cheapest rate three years ago may now be one of the more expensive options.