One of the more important considerations that are looked at to help calculate the price you pay for insurance is where you call home in Austin. More populated areas tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The information below lists the most expensive cities in Texas for drivers requiring a SR22 to purchase car insurance in. Austin is ranked #16 with an annual cost of $1,676 for car insurance, which is around $140 per month.
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Rate quotes are estimated as the garaging address in Austin can affect coverage prices greatly.
The vehicle model you are insuring is a large factor when looking for the most affordable car insurance for drivers requiring a SR22. Vehicles with limited top-end speed, good crash test ratings, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.
The information below outlines car insurance prices for a number of the cheapest automobiles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$3,373|
|Ford Escape XLT 4WD||$3,530|
|Honda Accord LX-P 4-Dr Sedan||$3,576|
|Honda Odyssey EX||$3,911|
|Ford F-150 XL Super Cab 4WD||$4,042|
|Hyundai Elantra Blue 4-Dr Sedan||$4,090|
|Chevrolet Impala LTZ||$4,129|
|Toyota Camry LE||$4,136|
|Volkswagen Jetta LE 4-Dr Sedan||$4,144|
|Nissan Altima Hybrid 4-Dr Sedan||$4,167|
|Jeep Grand Cherokee SRT-8 4WD||$4,173|
|GMC Sierra SLE Crew Cab 2WD||$4,167|
|Ford Explorer Limited 2WD||$4,177|
|Toyota Tacoma Double Cab 4WD||$4,236|
|Toyota RAV4 Sport 2WD||$4,244|
|Chevrolet Equinox LT AWD||$4,236|
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Table data represents single female driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Prices do not factor in specific location which can decrease or increase premium rates significantly.
Looking at the numbers, we can conclude that models like the Honda CR-V, Ford Escape, and Honda Accord should be a few of the cheapest vehicles to insure for high risk drivers. Car insurance rates will be higher anyway just because there is more exposure for drivers requiring a SR22, but generally speaking those vehicles will most likely have the lowest prices that you’ll find.
Ending up with a highly-rated insurance company is difficult considering how many companies sell coverage in Austin. The ranking data shown next may help you select which companies to look at when comparing rate quotes.
These rankings include companies that write coverage in many states, so companies that focus mainly on Texas business will not be included in these rankings. If you wish to compare prices and find cheaper insurance for drivers requiring a SR22, click here.
Top 10 Large Auto Insurers in Austin Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 Large Auto Insurers in Austin Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Discount Austin auto insurance
Insurers that provide policies for drivers requiring a SR22 may also provide policy discounts that could reduce prices by 40% or more if you are eligible to receive them. Larger auto insurance companies and some of their more popular discounts are:
- Mercury Insurance includes discounts for accident-free, professional/association, age of vehicle, good student, multi-car, and annual mileage.
- Farmers Insurance policyholders can earn discounts including homeowner, teen driver, distant student, pay in full, mature driver, electronic funds transfer, and bundle discounts.
- Farm Bureau discounts include good student, 55 and retired, multi-policy, renewal discount, safe driver, and driver training.
- State Farm offers premium reductions for good student, defensive driving training, driver’s education, Drive Safe & Save, and passive restraint.
- Allstate has savings for anti-theft, safe driver, FullPay discount, auto/life discount, new car, good student, and early signing.
- GEICO offers discounts for multi-vehicle, five-year accident-free, federal employee, multi-policy, and defensive driver.
The chart below compares annual premium costs with and without some available policy discounts. The price estimates are based on a male driver, two violations and one at-fault accident, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with vehicle safety, paperless filing, passive restraint, multiple policy, paid-in-full, and continuous coverage discounts applied. When discounts are applied, theaverage amount saved on auto insurance for drivers requiring a SR22 is 28% or $920.
The example below illustrates how choosing a deductible can increase or decrease insurance prices when searching for cheap insurance for drivers requiring a SR22. The premiums are based on a single male driver, comp and collision included, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could save $422 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $634 by selecting a $1,000 deductible. Young drivers, like the age 20 example, could drop their prices as much as $1,236 or even more just by choosing higher deductibles when buying full coverage. If you make the decision to raise deductibles, it is essential to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.