There isn't a single person who rejoices having to buy auto insurance, especially when they know they could find better rates elsewhere.

Regrettably, about 70% of customers have remained with the same auto insurance company for a minimum of four years, and approximately 38% of consumers have never compared rates with other companies. The average driver in the U.S. could pocket $850 a year by just shopping around, but they just don't understand the amount of money they would save if they switched to a more affordable policy. With so many choices of insurance companies, it's nearly impossible to pick a more affordable company.

It is always a good idea to check auto insurance prices at least once a year because rates trend upward over time. If you had the lowest premium rates on auto insurance a few years ago other companies may now be cheaper. Forget all the misinformation about auto insurance because you're going to learn the things you must know in order to remove unneeded coverages and save money.

Finding the cheapest auto insurance coverage in Gary is easy if you know what you're doing. If you're already insured, you should be able to reduce the price you pay using these methods. Drivers just have to know the most effective way to compare rate quotes from many different companies.

Low-cost companies for Gary car insurance

The companies shown below have been selected to offer free rate quotes in Gary, IN. If multiple companies are shown, we recommend you click on several of them to get a more complete price comparison.

Insurance Rate Estimates for Popular Vehicles in Gary
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ AWD $1,032 $516 $86
Chevrolet Silverado LTZ Extended Cab 2WD $852 $426 $71
Dodge Grand Caravan SE $944 $472 $79
Dodge Ram Crew Cab SLT 2WD $1,056 $528 $88
Ford Escape XLT 2WD $1,018 $509 $85
Ford F-150 Lariat Super Cab 4WD $1,016 $508 $85
Ford Focus SEL 4-Dr Sedan $854 $427 $71
Honda Accord EX 2-Dr Coupe $836 $418 $70
Honda CR-V EX 2WD $736 $368 $61
Honda Civic EX-L 4-Dr Sedan $1,102 $551 $92
Jeep Grand Cherokee Laredo 4WD $754 $377 $63
Kia Optima LX $796 $398 $66
Mazda 3 S Sport 4-Dr Sedan $1,012 $506 $84
Nissan Altima Hybrid 4-Dr Sedan $802 $401 $67
Toyota Camry Hybrid $1,282 $641 $107
Toyota Corolla XRS $782 $391 $65
Toyota RAV4 2WD $956 $478 $80
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Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Information does not factor in Gary location which can decrease or increase coverage rates noticeably.

Deductible comparison

The information below illustrates how your choice of deductibles and can raise or lower Hyundai Elantra yearly insurance costs for each different age group. The price estimates are based on a single female driver, full physical damage coverage, and no discounts are applied.

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

How much more does full coverage cost in Gary?

The diagram below examines Honda Accord insurance costs with full phyical damage coverage and with liability coverage only. The prices are based on no claims or driving citations, $1,000 deductibles, single male driver, and no additional discounts are factored in.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop full coverage

There is no specific rule of when to stop paying for full coverage, but there is a general convention. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let's assume your Honda Accord settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $5,000 after you pay the deductible. If you are currently paying more than $500 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are a few cases where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder's interest. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should maintain full coverage.

Accidents and violations increase rates

The diagram below highlights how traffic violations and at-fault claims raise Honda Accord car insurance rates for each age group. The premiums assume a single female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Auto insurance policy discounts you can't miss

The cost of insuring your cars can be expensive, but you might already qualify for some discounts to reduce the price significantly. Some discounts apply automatically when you get a quote, but lesser-known reductions have to be specially asked for prior to getting the savings. If you don't get every credit possible, you could be saving more on your auto insurance.Auto insurance discounts

You can save money using discounts, but some of the credits will not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, companies wouldn't make money that way.

A few of the larger companies and a partial list of their discounts are:

When getting free Gary auto insurance quotes, it's a good idea to every company which discounts can lower your rates. Some credits may not apply to policies in Gary. For a list of providers offering auto insurance discounts in Gary, click here.

Brand name doesn't guarantee savings

Consumers can't ignore all the ads that promise big savings for switching from companies such as State Farm and Allstate. They all seem to advertise the message that you'll save big if you just switch to them.

How is it plausible that every one can offer you a better deal on car insurance? You have to listen carefully.

All the different companies have underwriting criteria for the type of customer that will add to their bottom line. For example, a profitable insured could be over the age of 40, has other policies, and has great credit. Any driver who meets those qualifications will get low rates and will most likely save when they switch companies.

Potential insureds who fall short of these criteria will see higher rates which translates to the customer not purchasing. If you listen closely, the ads state "customers that switch" not "everyone that quotes" can get the lowest rates when switching. That is how companies can truthfully make claims that they all have the best prices. Because of these techniques, you really should compare as many free Gary auto insurance quotes as you can. Because you cannot predict with any certainty which company will provide you with the cheapest car insurance in Gary.

Educate yourself about insurance coverages

Knowing the specifics of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are typical coverages available from insurance companies.

Coverage for liability - This coverage will cover damage that occurs to a person or their property by causing an accident. It protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/10 which stand for $25,000 in coverage for each person's injuries, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged propery.

Liability coverage pays for claims like attorney fees, pain and suffering, repair bills for other people's vehicles, structural damage and repair costs for stationary objects. How much liability should you purchase? That is up to you, but it's cheap coverage so purchase as large an amount as possible. Indiana requires drivers to carry at least 25/50/10 but drivers should carry more liability than the minimum.

Lowest and Highest Insurance Liability Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Fiat 500 Dodge Charger
Audi A6 Chevrolet Sonic
Subaru Forester Chrysler 200
Volvo XC60 Mitsubishi Mirage
Subaru Outback Chevrolet Impala
Acura MDX Chevrolet Cruze

Statistics from IIHS.org for 2013-2015 Model Years

Collision - This coverage pays to fix your vehicle from damage from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as rolling your car, scraping a guard rail, damaging your car on a curb and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Vehicle Models with the Lowest and Highest Collision Coverage Claims
Lowest Overall Losses Highest Overall Losses
Nissan Xterra Ferrari 458
Chevrolet Colorado Maserati Ghibli
GMC Canyon Nissan GT-R
Mini Cooper BMW 6 Series
Jeep Wrangler Audi RS7
Ford F-250 SuperCab Bently Continental GT

Statistics from IIHS.org for 2013-2015 Model Years

Medical costs insurance - Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like dental work, surgery, rehabilitation expenses, funeral costs and hospital visits. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Vehicle Models with the Lowest and Highest Medical Payment Coverage Claims
Lowest Overall Losses Highest Overall Losses
Ford Expedition Dodge Charger
Land Rover Range Rover Sport Kia Forte
Chevrolet Silverado 2500 Chevrolet Spark
Ford F-250 SuperCrew Mitsubishi Mirage
Chevrolet Corvette Nissan Sentra
Tesla Model S Nissan Versa

Statistics from IIHS.org for 2013-2015 Model Years

Comprehensive or Other Than Collision - Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hitting a bird, damage from a tornado or hurricane and vandalism. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Comprehensive Insurance Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Nissan Xterra Maserati Granturismo
Chevy Spark Bentley Continental GT
GMC Sierra 2500 Bentley Continental GTC
Smart ForTwo BMW M6
Volvo V60 Porsche Panamera GTS
Nissan Leaf Audi S7

Statistics from IIHS.org for 2013-2015 Model Years

UM/UIM Coverage - This coverage protects you and your vehicle when the "other guys" either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your vehicle.

Since many Indiana drivers have only the minimum liability required by law (which is 25/50/10), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Shop smart and save

In this article, we presented quite a bit of information on how to save on insurance in Gary. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even be surprised to find that the best price on insurance is with a small mutual company. Some small companies can often provide lower premium rates in certain areas than their larger competitors like Progressive and GEICO.

Cost effective insurance is possible online in addition to local insurance agencies, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies do not provide online quoting and these regional carriers prefer to sell through independent insurance agencies.

When buying insurance coverage, do not sacrifice coverage to reduce premiums. In many instances, an accident victim reduced liability coverage limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal is to buy the best coverage you can find for the lowest cost, but don't skip important coverages to save money.

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