Finding more affordable car insurance might be quite difficult for drivers not familiar with quoting coverage prices online. With dozens of online companies available, it can easily turn into a difficult challenge to compare coverage rates on car insurance.
Statistics show that a large majority of car insurance policyholders kept their policy with the same company for more than four years, and nearly the majority have never shopped around. With the average premium in Indiana being $1,389, drivers could save up to $697 every year by just comparing quotes, but most just don't grasp how much savings they would realize if they replace their high priced policy.
You should make it a habit to compare rates periodically because car insurance prices are constantly changing. Even if you think you had the lowest rates on car insurance a couple years back you can probably find a lower rate today. Forget all the misinformation about car insurance because you're about to find out the proper way to find the best coverage while lowering your premiums.
Locating the best rates in Evansville can really be easy if you know what you're doing. Essentially every car owner who needs more affordable auto insurance will find a lower price. But Indiana drivers do need to know the way companies determine prices because rates fluctuate considerably.
To find low cost prices, there are a couple of ways of comparing price quotes from lots of Indiana insurance companies. The recommended way to find affordable insurance rates is to get quotes online.
It's important to know that quoting more provides better odds of finding lower pricing.
The companies shown below provide free rate quotes in Indiana. If the list has multiple companies, we suggest you get rates from several of them in order to find the most affordable rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado LTZ Crew Cab 4WD||$948||$474||$79|
|Dodge Grand Caravan CV||$778||$389||$65|
|Dodge Ram Quad Cab Laramie 4WD||$904||$452||$75|
|Ford Escape XLT 4WD||$566||$283||$47|
|Ford F-150 FX2 Super Cab 2WD||$896||$448||$75|
|Ford Focus SE 4-Dr Sedan||$654||$327||$55|
|Ford Fusion Sport AWD 4-Dr Sedan||$896||$448||$75|
|Honda Accord EX-L 4-Dr Sedan||$924||$462||$77|
|Honda CR-V EX-L 2WD||$742||$371||$62|
|Honda Civic SI 4-Dr Sedan||$1,102||$551||$92|
|Honda Odyssey EX||$766||$383||$64|
|Hyundai Sonata SE 4-Dr Sedan||$1,096||$548||$91|
|Nissan Altima 2.5 S 4-Dr Sedan||$988||$494||$82|
|Toyota Camry XLE||$1,178||$589||$98|
|Toyota Corolla LE||$1,034||$517||$86|
|Get Your Own Custom Quote Go|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Information does not factor in zip code location which can influence coverage prices considerably.
Where to set your deductibles
When shopping for auto insurance, a common question is how high should the deductibles for physical damage be. The rates below can help show the costs and benefits when you buy lower versus higher comp and collision deductibles. The first rate quote example uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.
Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Civic DX 4-Dr Sedan||$210||$436||$280||$16||$84||$1,051||$88|
|Civic VP 4-Dr Sedan||$210||$514||$280||$16||$84||$1,129||$94|
|Civic LX 4-Dr Sedan||$210||$514||$280||$16||$84||$1,129||$94|
|Civic DX 2-Dr Coupe||$210||$514||$350||$20||$106||$1,225||$102|
|Civic EX 4-Dr Sedan||$210||$514||$280||$16||$84||$1,129||$94|
|Civic LX-S 4-Dr Sedan||$210||$514||$280||$16||$84||$1,129||$94|
|Civic LX 2-Dr Coupe||$210||$592||$350||$20||$106||$1,303||$109|
|Civic EX-L 4-Dr Sedan||$242||$592||$280||$16||$84||$1,239||$103|
|Civic SI 4-Dr Sedan||$242||$592||$280||$16||$84||$1,239||$103|
|Civic EX 2-Dr Coupe||$242||$592||$350||$20||$106||$1,335||$111|
|Civic GX 4-Dr Sedan||$242||$592||$280||$16||$84||$1,239||$103|
|Civic EX-L 2-Dr Coupe||$242||$592||$350||$20||$106||$1,335||$111|
|Civic Hybrid 4-Dr Sedan||$272||$514||$280||$16||$84||$1,191||$99|
|Civic SI 2-Dr Coupe||$272||$670||$350||$20||$106||$1,443||$120|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Civic DX 4-Dr Sedan||$154||$294||$280||$16||$84||$828||$69|
|Civic VP 4-Dr Sedan||$154||$348||$280||$16||$84||$882||$74|
|Civic LX 4-Dr Sedan||$154||$348||$280||$16||$84||$882||$74|
|Civic DX 2-Dr Coupe||$154||$348||$350||$20||$106||$978||$82|
|Civic EX 4-Dr Sedan||$154||$348||$280||$16||$84||$882||$74|
|Civic LX-S 4-Dr Sedan||$154||$348||$280||$16||$84||$882||$74|
|Civic LX 2-Dr Coupe||$154||$400||$350||$20||$106||$1,030||$86|
|Civic EX-L 4-Dr Sedan||$176||$400||$280||$16||$84||$956||$80|
|Civic SI 4-Dr Sedan||$176||$400||$280||$16||$84||$956||$80|
|Civic EX 2-Dr Coupe||$176||$400||$350||$20||$106||$1,052||$88|
|Civic GX 4-Dr Sedan||$176||$400||$280||$16||$84||$956||$80|
|Civic EX-L 2-Dr Coupe||$176||$400||$350||$20||$106||$1,052||$88|
|Civic Hybrid 4-Dr Sedan||$200||$348||$280||$16||$84||$928||$77|
|Civic SI 2-Dr Coupe||$200||$452||$350||$20||$106||$1,128||$94|
|Get a Quote for Your Vehicle Go|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Price estimates do not factor in Evansville location which can revise auto insurance rates greatly.
Using the data above, we can ascertain that using a $100 deductible will cost you about $22 more each month or $264 every year than quoting the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have more than 18 months between claim filings, you would most likely save money if you decide on a higher deductible.
How to calculate if higher deductibles make sense
|Average monthly premium for $100 deductibles:||$102|
|Average monthly premium for $500 deductibles (subtract):||- $80|
|Monthly savings from raising deductible:||$22|
|Difference between deductibles ($500 - $100):||$400|
|Divide difference by monthly savings:||$400 / $22|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||18 months|
Liability-only rates compared to full coverage
The example below examines Ford Focus auto insurance costs with full physical damage coverage and with liability coverage only. The premiums assume no claims, a clean driving record, $100 deductibles, single male driver, and no other discounts are factored in.
Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.
When to stop buying physical damage coverage
There is no written rule for dropping full coverage, but there is a general convention. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let's say your Ford Focus settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying your policy deductible. If you are paying over $800 a year for full coverage, then you may need to consider dropping full coverage.
There are some situations where only buying liability is not financially feasible. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.
Discounts can help to save on auto insurance
Companies offering auto insurance don't necessarily list all available discounts in a way that's easy to find, so the following list contains a few of the more common in addition to some of the lesser obvious ways to save on auto insurance.
- Paper-free Discount - Certain larger companies will provide an incentive simply for signing on their website.
- Organization Discounts - Having an affiliation with a civic or occupational organization in Evansville is a simple method to lower premiums on auto insurance.
- Discount for Home Ownership - Simply owning a home can save a few bucks because it means you have a higher level of financial diligence.
- Active Service Discounts - Being deployed with a military unit may lower your prices slightly.
- Discounts for Multiple Vehicles - Buying insurance for all your vehicles with the same auto insurance company may reduce the rate for each vehicle.
- ABS Braking Discount - Vehicles equipped with ABS or steering control are much safer to drive so companies give up to a 10% discount.
Policy discounts save money, but most of the big mark downs will not be given to the entire policy premium. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, companies wouldn't make money that way.
To view auto insurance companies that offer many of these discounts in Indiana, click here to view.
Components of your insurance costs
Multiple criteria are used in the calculation when you quote your car insurance policy. Most are fairly basic such as traffic violations, but some are more obscure such as your marital status or how financially stable you are.
Shown below are some of the major factors used by companies to determine premiums.
Allowing your car insurance policy to lapse raises car insurance rates - Driving any period of time without insurance is a big no-no and companies may charge more for letting your insurance lapse for non-payment. In addition to paying higher rates, being ticketed for driving with no insurance may earn you fines and jail time.
More performance means more cost - The make and model of the vehicle you are insuring makes a big difference in your rates. Lower cost passenger vehicles receive the most favorable rates, but many other things help determine your insurance rates.
Multiple policies with one company - Most larger companies will award a discount for people that purchase more than one policy. It's known as a multi-policy discount. Even with this discount applied, you may still want to check prices from other companies to guarantee you are still saving the most.
Save money with high credit - Having a good credit history can be an important factor in calculating your premium rate. Therefore, if your credit history leaves room for improvement, you may save money insuring your vehicle by repairing your credit. People with excellent credit scores tend to be more responsible and file fewer claims than drivers with lower credit scores.
Lower car insurance rates with alarms and GPS tracking - Choosing a vehicle that has a built-in theft deterrent system can earn a premium discount. Anti-theft devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop your car from being stolen.
Does insurance cost more for males? - Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. However, don't assume that females are better drivers. Both genders get in auto accidents in similar percentages, but the males tend to have more serious accidents. They also get cited for more serious violations like DWI (DUI) or reckless driving.
High comp and collision deductibles lower premiums - Coverage for physical damage, also called 'full coverage', covers damage that occurs to your car. Examples of some claims that would be covered would be a broken windshield, damage caused by hail, and having your car stolen. The deductibles you choose represent how much money you are required to spend out-of-pocket if the claim is covered. The more money you are required to pay out-of-pocket, the bigger discount you will receive.
Drive less and save - The more you drive every year the higher your rates will be. Almost all companies charge to insure your cars based upon how you use the vehicle. Cars and trucks that are left in the garage get more affordable rates than vehicles that are driven to work every day. Ask your agent if your policy reflects the proper vehicle usage.
Get rate quotes but work with a local Evansville insurance agency
A small number of people prefer to buy from a licensed agent and that is a personal choice. A good thing about comparing rates online is the fact that you can find lower rates and still buy from a local agent.
To help locate an agent, after submitting this short form, your coverage information is instantly submitted to companies in Evansville who will give you quotes for your coverage. You don't have to visit any agencies due to the fact that quote results will go immediately to your email address. You can most likely find cheaper rates and an insurance agent to talk to. If you have a need to get a price quote from a specific company, don't hesitate to find their quoting web page and fill out their quote form.
Choosing the best insurer needs to be determined by more than just the bottom line cost. Get answers to these questions too.
- Will they take your side in the event of a claim?
- Do they make recommendations based only on price?
- Are they giving you every discount you deserve?
- Are they properly licensed to sell insurance in Indiana?
- Will high miles depreciate repair valuations?
- Does the agency provide any after hours assistance?
- Can you use your own choice of collision repair facility?
Types of auto insurance agents in Evansville
If you need to find a reputable agency, it's helpful to know the different types of agencies and how they differ in how they can insure your vehicles. Evansville agents can be categorized as either exclusive agents or independent agents.
Agents in the exclusive channel normally can only provide a single company's rates and examples are AAA, State Farm, Farmers Insurance, and Allstate. These agents are not able to shop your coverage around so always compare other rates. Exclusive agents are well trained on sales techniques which helps them sell insurance even at higher premiums. Consumers frequently buy from exclusive agents mainly due to the brand instead of buying on price only.
Below are Evansville exclusive agencies that can give you rate quotes.
- Shelter Insurance - Rick Koberstein
2019 W Franklin St - Evansville, IN 47712 - (812) 428-2576 - View Map
- Progressive Insurance
5600 E Virginia St - Evansville, IN 47715 - (812) 962-5801 - View Map
- Martin Woodruff - State Farm Insurance Agent
2001 W Franklin St - Evansville, IN 47712 - (812) 424-1762 - View Map
Independent Insurance Agents
Agents that choose to be independent are appointed with more than one company so they can insure your vehicles through many different auto insurance companies and find you the best rates. If prices rise, they simply move the coverage in-house and you don't have to switch agencies.
If you are trying to find cheaper rates, we recommend you get insurance quotes from several independent insurance agents in order to compare the most rates. A lot of them also have access to less well-known companies which may provide better rates.
The following is a list of independent agents in Evansville that can give you rate quotes.
- Dean Webster Insurance Agency
1136 Washington Square - Evansville, IN 47715 - (812) 491-0995 - View Map
- Dilegge Michael D Insurance Agency
901 N Main St - Evansville, IN 47711 - (812) 424-4001 - View Map
- Freeman Will and Niemeier, Inc.
1919 W Franklin St - Evansville, IN 47712 - (812) 437-3933 - View Map
After you get positive responses and an acceptable price quote, most likely you have located an auto insurance agent that meets the criteria to adequately provide auto insurance. Keep in mind policyholders can cancel your coverage for any reason so never feel you're contractually obligated to a specific agent for the full policy term.
Different people need different car insurance coverages
When quoting and comparing insurance from an agent or online for your personal vehicles, there really isn't a single plan that fits everyone. Everyone's needs are different.
These are some specific questions can help discover if your situation could use an agent's help.
- What is the minimum liability in Indiana?
- What is an umbrella policy?
- Are my tools covered if they get stolen from my vehicle?
- Do I have coverage when making deliveries for my home business?
- Will filing a claim cost me more?
- How does medical payments coverage work?
- Am I getting all the discounts available?
- What states are considered no-fault?
- Can I get a multi-policy discount?
- Should I carry comprehensive and collision coverage?
If you can't answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don't have a local agent, take a second and complete this form.
Don't give up on cheap rates
As you shop your coverage around, you should never reduce coverage to reduce premium. Too many times, an accident victim reduced uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at the best cost but still have enough coverage for asset protection.
We covered some good ideas how to find cheaper coverage online. The most important thing to understand is the more you quote Evansville car insurance, the more likely it is that you will get a better rate. Consumers may even find the best price on auto insurance is with some of the lesser-known companies.
Cheaper auto insurance in Evansville can be sourced both online and from local insurance agents, and you should compare price quotes from both to have the best selection. Some companies do not offer online price quotes and most of the time these smaller providers sell through local independent agencies.
Even more information is located in the articles below:
- Property Damage Coverage (Liberty Mutual)
- Who Has the Cheapest Indiana Auto Insurance Rates for 4x4 Vehicles? (FAQ)
- Who Has Cheap Car Insurance for a Company Car in Indiana? (FAQ)
- What Car Insurance is Cheapest for High Risk Drivers in Indiana? (FAQ)
- Rollover Crash FAQ (iihs.org)
- What to do at the Scene of an Accident (Insurance Information Institute)