This would be a really short article if we could simply tell you the one company in Texas that has the most affordable coverage in Texas. Unfortunately, it’s not that simple as there are a lot of unknown aspects like the vehicle you are insuring, whether or not you have had gaps between policies, and the level of liability coverage you want, that all have an effect on the price of a policy. This article goes into detail about the best ways to avoid high prices and will hopefully give you a good start in finding the cheapest insurance.
The vehicle model driven is one of the largest considerations when consumers are trying to find the best cheap auto insurance for drivers with good credit. Vehicles with reasonable performance levels, good safety features, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The data below features car insurance premiums for the cheaper vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$894|
|Hyundai Elantra SE Touring Station Wagon||$971|
|Chevrolet Impala LS||$1,040|
|Volkswagen Jetta S 2.5 Station Wagon||$1,111|
|Honda Odyssey EX-L W/Rear Entertainment||$1,117|
|Honda CR-V EX-L 2WD||$1,126|
|GMC Sierra SL Crew Cab 4WD||$1,136|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,145|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$1,154|
|Ford F-150 Lariat Crew Cab Harley 4WD||$1,158|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$1,177|
|Dodge Ram 3500 Crew Cab ST 2WD||$1,182|
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Prices do not factor in vehicle garaging location which can change premium rates substantially.
Looking at the numbers, we can tell that cars like the Ford Escape, Hyundai Elantra, Toyota Prius, Chevrolet Impala, and Volkswagen Jetta will be the less-costly vehicles to insure for financially responsible drivers.
For financially responsible drivers, one of the more important components that are looked at to help calculate auto insurance rates is where your residence is in Austin. Regions with more people or even just more weather-related claims likely pay more, whereas areas that tend to be more rural tend to receive slightly lower rates.
The table below rates the most expensive places in Texas for drivers with good credit to purchase auto insurance in. Austin comes in at #18 with an annual rate of $1,627 on average, which is about $136 each month.
|Rank||City||Premium Per Year|
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Prices are estimated as the specific zip code location can impact coverage prices considerably.
Drive safe and save
The common sense way to receive good insurance premiums for financially responsible drivers is to pay attention while driving and avoid accidents and violations. The illustration below demonstrates how speeding tickets and accident claims drive up yearly insurance costs for different insured age categories. The premiums assume a single female driver, comp and collision included, $100 deductibles, and no discounts are factored in.
The data above shows the average cost of auto insurance in Austin per year with no violations or accidents is $2,067. Factor in two speeding tickets and the average cost rises to $2,783, an increase of $715 each year. Now throw in one accident along with the two speeding tickets and the yearly cost of insurance for drivers with good credit goes up to an average of $3,498. That’s an increase of $1,431, or $119 per month, just for not keeping your driving record clean!
Discount Austin auto insurance rates
Insurance companies that provide coverage for drivers with good credit may also give you discounts that could lower prices by 35% or more if you are eligible for them. A list of companies and some of their more popular discounts are:
- Farmers Insurance offers discounts for early shopping, homeowner, good student, business and professional, and multi-car.
- Esurance may have discounts that include online shopper, paid-in-full, renters, claim free, good driver, multi-car, and anti-lock brakes.
- State Farm discounts include anti-theft, good student, multiple policy, defensive driving training, Drive Safe & Save, student away at school, and driver’s education.
- GEICO policyholders can earn discounts including air bags, good student, anti-theft, federal employee, and military active duty.
- Allstate includes discounts for defensive driver, senior citizen, EZ pay plan discount, good payer, anti-theft, safe driver, and passive restraint.
The diagram below shows the difference between insurance costs with and without discounts applied to the premium. The rates are based on a male driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with passive restraint, defensive driving course, anti-theft, accident-free, multiple vehicle, and safe-driver discounts applied. In this example, the average savings per year on insurance for drivers with good credit is 28% or $827.
Insuring your vehicle with the highest-rated insurance company is difficult considering how many companies sell coverage in Texas. The ranking information in the lists below can help you pick which auto insurers you want to consider to insure your vehicles.
These rankings are for insurance companies that insure vehicles in the majority of U.S. states, so companies that may only write in Texas are not included in the list. To view rates from these top-rated insurers and more, just click here.
Top 10 Major Auto Insurance Companies Overall in Austin
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Major Auto Insurance Companies in Austin Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Why are you paying too much for car insurance?
Austin, TX insurance rates are determined by lots of factors which can substantially change the price you pay. Simply improving your credit, buying higher coverage limits, or getting a ticket for running a stop sign may cause policy rate changes that can cause some rates to be more affordable than before. In addition to those changes, car insurance companies amend pricing at least once a year to help ensure profitability. Significantly higher losses may cause higher priced premiums, while a lower level of claims may cause cheaper Austin car insurance rates.
To help illustrate this point, the chart below compares the cheapest car insurance in Austin, TX for a 40-year-old male driver with no prior claims, no tickets, and a good credit history. When comparing rates based on his current rating profile, Travelers may have the most affordable car insurance rates in Austin at $1,085 each year. This is $819 less than the average premium paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance are the rest of the best Austin, TX auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates a claim surcharge, a lower credit score, and a speeding ticket. Due to the fact that each insurance company has a proprietary method to set policy rates, comparing insurance quotes could result in a different set of the cheapest companies as shown below.
State Farm now has the lowest price on auto insurance in Austin, TX with Mercury, USAA, Safe Auto, and Nationwide now rounding out the top five. This demonstrates why it is crucial to perform an extensive rate comparison to find the lowest car insurance quotes for drivers with good credit.
Car insurance prices can be altered by many things and can change without notice, so the cheapest company three years ago may now be one of the higher cost companies.