Coverage Watch does not have a financial relationship with any car insurance companies and quote providers. Everything displayed on the site is completely free from bias and based on legitimate data.
Get Cheap Car Insurance in Waterford, IN
We monitor insurance prices, helping the average driver in Waterford save up to 29.1% on car insurance.
The Cheapest Minimum Coverage in Waterford
The chart below shows the cheapest car insurance company in Waterford for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through Auto-Owners Insurance, followed by State Farm, Safe Auto, and Travelers.
| Waterford Insurer | Monthly Cost |
|---|---|
| Auto-Owners Insurance | $44 |
| State Farm | $47 |
| Safe Auto | $48 |
| Travelers | $48 |
Savings for Every Kind of Waterford Driver
Based on our extensive insurance data, we know the average Waterford driver will save about 29% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $344 per year by choosing the right vehicle insurance company. Some Waterford residents are paying out over $1,179 extra every year for auto insurance in Waterford. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
Waterford, IN Savings / Yr. |
|---|---|
$344 |
|
$537 |
|
$435 |
|
$307 |
|
$617 |
|
$263 |
|
$376 |
Waterford Car Insurance vs. Indiana
People living in Waterford pay an average of 3.50% less than the typical driver in the state. The average driver in Waterford can expect to pay about $731 per year, or $1,179 for full coverage.
Based on our analysis, Erie Insurance will be the cheapest provider in Waterford for most people.
Car Insurance Prices by Waterford Neighborhood
Insurance Prices
Where is insurance cheapest within Waterford?
The map shows insurance prices in and around Waterford, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $36 per year within the city boundaries, with insurance premiums ranging from a high of $1,202 to a low of $1,166. Insurance prices tend to be higher for those living in the North area, and lower for those with homes in the Central parts of Waterford.Pick the Best Car Insurance Company for You in Waterford
The best car insurance provider for most drivers in Waterford
For drivers with clean driving records and no major strikes, Erie Insurance is the best option, with annual savings of $344 over the average Waterford car insurance company.
The best car insurance provider for Waterford drivers with accidents on their records
In our analysis, State Farm saved the average person who had been in an accident the most, with annual savings averaging $537 over the competition.
The best car insurance company for Waterford drivers with speeding tickets
>Auto-Owners Insurance gave the average person with a speeding ticket the most savings, averaging $435 better than other car insurance companies.
The best auto insurance for Waterford drivers with a DUI conviction
Getting a quote from Gainsco may cost the average person with a DUI about $307 less each year.
The least expensive car insurance company for new and young drivers in Waterford
In Waterford, State Farm costs young drivers $617 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in Waterford
State Farm gave the largest car insurance discounts to married couples, averaging $263 saved each year compared to an average Waterford couple's premiums.
The cheapest car insurance in Waterford for drivers with bad credit
The best Waterford car insurance company for customer service
Recent price drops
In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Waterford, which was better than other insurers.
The cheapest large national provider in Waterford
For customers who prefer to work with large national providers, we recommend Travelers for pricing. The average Waterford driver can expect to pay about $78 per month.
What About USAA?
JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Waterford, USAA has the best prices for young drivers, drivers with speeding tickets, drivers with accidents, drivers with a DUI conviction, good drivers, drivers with bad credit, and married couples.Auto Insurance Prices in and Around Waterford
What Influences the Cost of Car Insurance in Waterford?
On average, car insurance in Waterford is actually less expensive than the rest of the state. These low prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the city are influenced by the following factors:
- The average commute time in Waterford is 29 minutes, which is a little less than average for a driver in the state.
- Indiana state insurance regulations may allow for lower prices.
- An average of 0 weeks with snow on the ground, which impacts accident rates.
- Marriage rates in Waterford are lower than average in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are low, with a Vehicle Theft Crime Grade of C according to CrimeGrade.org.
- Waterford is one of the least populated areas in the state. The city’s density could result in a price decrease for drivers.
As a result of these and other factors, the average cost of car insurance in Waterford is $61 per month for minimum coverage and $98 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.
Car Insurance in Nearby Cities
- Trail Creek: Insurance costs 4.92% more
- Michigan City: Insurance costs 4.50% more
- Pinola: Insurance costs 1.61% less
- Pottawattamie Park: Insurance costs 4.66% more
- Long Beach: Insurance costs 10.94% more
- Town of Pines: Insurance costs 0.85% more
- Otis: Insurance costs 1.27% less
- Michiana Shores: Insurance costs 0.34% more
- La Porte: Insurance costs 0.51% less
- Michiana: Insurance costs 130.53% more
Cities with Similar Populations
- Rockdale: Insurance costs 7.80% less
- Locust Grove: Insurance costs 42.32% more
- Lolita: Insurance costs 36.47% more
- Lower Salem: Insurance costs 3.99% less
- Lyons: Insurance costs 6.79% less
- Macomb: Insurance costs 47.41% more
- Manchester-By-The-Sea: Insurance costs 35.88% more
- Manns Harbor: Insurance costs 0.08% more
- Marlow: Insurance costs 2.63% more
- Marty: Insurance costs 36.81% more