The words “low-priced” and “insurance” probably shouldn’t be used together, especially when you are trying to find the cheapest coverage for active military. In an attempt to save some money, let’s open your eyes to a few of the factors that have an impact on auto insurance rates, and find a way to cut the cost of the next policy you buy.
Finding out which company offers the lowest-priced car insurance rates for active military calls for a little more effort in order to find the best policy. Each auto insurance company has a unique approach to determine rates, so we’ll take a look at the car insurance companies with the overall cheapest rates in Texas.
Find the Cheapest Car Insurance for Military
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,244 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,438 |
| 7 | Mercury | $1,461 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,600 |
| 10 | Safe Auto | $1,613 |
| 11 | Allstate | $1,650 |
| 12 | Progressive | $1,715 |
| 13 | Amica | $1,757 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,135 |
| 16 | MetLife | $2,183 |
| 17 | Unitrin | $2,241 |
| 18 | Encompass | $2,255 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,568 |
| View More Rates Go | ||
Travelers offers some of the cheapest car insurance rates in Austin at around $1,052 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the lowest-priced Austin, TX insurance companies.
As shown above, if you currently buy coverage from USAA and switched to Travelers, you may see a yearly savings of approximately $32. Drivers with Texas Farm Bureau may save as much as $147 a year, and Germania Mutual customers might reduce prices by as much as $192 a year.
Bear in mind that those rates are averaged for all drivers and vehicles in Texas and and are not figured with an exact location for active military. So the insurer that is most affordable for your situation may not even be in the top 23 companies shown above. That’s why you need to compare rates from as many companies as possible using your own personal information and vehicle type.
For military personnel, one of the big considerations that are used to help calculate insurance cost is where you live. More densely populated places are more likely to pay higher prices, whereas areas with less people or fewer weather incidents benefit from lower rates.
The illustration below sorts the most expensive cities in Texas for active military to purchase auto insurance in. Austin shows up at #19 with an annual cost of $1,610 for the average insured, which is about $134 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Houston | $1,909 |
| 3 | Brownsville | $1,870 |
| 4 | Dallas | $1,855 |
| 5 | Laredo | $1,851 |
| 6 | Mesquite | $1,825 |
| 7 | Pasadena | $1,812 |
| 8 | Amarillo | $1,804 |
| 9 | Garland | $1,778 |
| 10 | Beaumont | $1,772 |
| 11 | Grand Prairie | $1,740 |
| 12 | Irving | $1,719 |
| 13 | Arlington | $1,692 |
| 14 | San Antonio | $1,688 |
| 15 | Lubbock | $1,682 |
| 16 | Fort Worth | $1,653 |
| 17 | El Paso | $1,632 |
| 18 | Corpus Christi | $1,620 |
| 19 | Austin | $1,610 |
| 20 | Carrollton | $1,598 |
| 21 | McKinney | $1,577 |
| 22 | Abilene | $1,561 |
| 23 | Plano | $1,560 |
| 24 | Waco | $1,537 |
| 25 | Killeen | $1,533 |
| Find Cheaper Rates Go | ||
Table data uses comparative as specific location information can decrease or increase prices considerably.
The vehicle requiring coverage is a large factor when looking for the best cheap car insurance for active military. Vehicles with limited speed and performance, good crash test ratings, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models. The next table estimates coverage costs for a selection of the cheaper automobiles to insure in Texas.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $962 |
| Ford Escape Limited 4WD | $1,021 |
| Honda Accord EX 4-Dr Sedan | $1,027 |
| Toyota Prius | $1,043 |
| Ford Explorer XLT 4WD | $1,054 |
| Toyota RAV4 Sport 2WD | $1,113 |
| Hyundai Elantra SE Touring Station Wagon | $1,119 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,145 |
| Honda Civic LX-S 4-Dr Sedan | $1,152 |
| Toyota Corolla S | $1,174 |
| Toyota Camry XLE | $1,179 |
| Honda Odyssey EX W/Rear Entertainment | $1,193 |
| Ford Edge Limited 2WD | $1,200 |
| Chevrolet Equinox LTZ AWD | $1,196 |
| Jeep Grand Cherokee Limited 4WD | $1,203 |
| Chevrolet Malibu LTZ | $1,196 |
| Ford F-150 XL Regular Cab 4WD | $1,204 |
| Compare Cheap Rates Go | |
Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Estimates do not factor in specific location which can lower or raise rates greatly.
By looking at the data, we can presume that cars like the Honda CR-V, Ford Escape, Honda Accord, Toyota Prius, and Ford Explorer are likely to be some of the most affordable vehicles to insure for military personnel.
Selecting the top auto insurance provider can be rather challenging considering how many companies sell coverage in Texas. The ranking information in the lists below could help you analyze which insurers you want to consider when shopping car insurance rates for active military. The rankings below are only made up of the largest companies in America, so companies that have a smaller presence are not included in these rankings.
Top 10 Large Car Insurance Companies in Austin Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Large Car Insurance Companies Overall in Austin
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
The chart below demonstrates how deductibles can affect insurance rates when getting quotes for cheap insurance for active military. The prices are based on a married female driver, full physical damage coverage, and no other discounts are factored in.
As shown above, a 30-year-old driver could lower rates by $408 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $612 by changing to a $1,000 deductible. Even younger insureds, such as the Age 20 example, could possibly save $870 or even more by choosing larger deductibles on their policy.
When increasing deductibles, it is a good idea to have emergency funds available to allow you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Why are you paying too much for Austin car insurance?
Austin, TX car insurance rates are based on many factors which can substantially decrease or increase the price of coverage. Getting older, moving across town, or having an at-fault accident may generate price changes resulting in some companies being more affordable than others. In addition, insurance companies change prices without warning in order to maintain liquidity for claims. Heavier than normal losses may cause higher rates, while profitable underwriting can cause cheaper Austin car insurance rates.
For instance, the bar chart below analyzes the cheapest car insurance in Austin, TX for a 45-year-old male driver with no violations or accidents, and a good credit history. If we compare prices based on his current rating profile, Travelers might quote the cheapest car insurance rates in Austin at $1,149 per year. This is $755 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the most affordable Austin, TX auto insurance companies.
Now we will give the driver from the first example a claim, poor credit, and an imperfect driving record. Since every car insurance company has a proprietary formula for determining rates in each state, comparing rates could result in a significantly different list of affordable Austin car insurance companies as shown below.
State Farm now has the lowest price on auto insurance in Austin, TX with Mercury, Safe Auto, USAA, and Nationwide also having competitive pricing. This demonstrates why it is so important to spend some time comparing rates to find the cheapest insurance rates for active military. Auto insurance prices are made up of many different factors and can change substantially, so the cheapest rate the last time you compared rates may now be an over-priced policy.