Who Has Affordable Austin Car Insurance Quotes for High Risk Drivers?

Wouldn’t this article be short if we could just tell you that one special company that has the best insurance prices for high risk drivers? That is not the case, however, as there are a lot of unknown aspects like what coverage limits you want, what deductibles you want to use, and if you own a home, that all have an effect on the price of a policy. This article will discuss the best ways to avoid high prices and will hopefully give you a good beginning to your quest for cheaper car insurance in Austin.

The make and model of vehicle on the policy is one of the largest factors when comparing quotes for low-priced insurance for high risk drivers. Vehicles with limited speed and performance, a plethora of safety features, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.

The table below illustrates auto insurance prices for a number of the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Austin, TX
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 2WD $3,559
Honda Accord LX 4-Dr Sedan $3,667
Ford Escape XLS 4WD $3,672
Hyundai Elantra SE Touring Station Wagon $3,910
Jeep Wrangler Sport 4WD 2-Dr $3,955
Toyota Prius $3,994
Ford Explorer XLT 2WD $4,140
Volkswagen Jetta SE 2.5 Station Wagon $4,183
Dodge Grand Caravan CV $4,192
Toyota RAV4 Limited 4WD $4,215
GMC Sierra SL Extended Cab 2WD $4,220
Chevrolet Impala LT $4,341
Chevrolet Malibu LS $4,383
Chevrolet Equinox LS AWD $4,388
Ford F-150 FX4 4WD $4,386
Toyota Tacoma X-Runner 2WD $4,406
Ford Edge Limited AWD $4,416
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Prices based on single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in specific location information which can revise insurance rates significantly.

Based on these rates, vehicles like the Honda CR-V, Honda Accord, and Ford Escape are most likely going to be the more affordable vehicles to insure for high risk drivers. Auto insurance rates will tend to be higher because there is more risk for high risk drivers, but overall those makes and models will have the cheapest rates that you’ll find.

For high risk drivers, one of the big factors that help determine the amount you pay each year for auto insurance is where you live. Cities with larger populations or higher claim trends likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower rates.

The information below sorts the highest-priced places in Texas for high risk drivers to purchase car insurance in. Austin is listed at #17 with the annual price of $1,627 for coverage, which is approximately $136 per month.

Car insurance prices in Austin
Rank City Average Per Year
1 McAllen $1,996
2 Dallas $1,911
3 Laredo $1,907
4 Houston $1,891
5 Brownsville $1,851
6 Garland $1,850
7 Mesquite $1,807
8 Amarillo $1,804
9 Pasadena $1,794
10 Grand Prairie $1,793
11 Irving $1,736
12 Beaumont $1,702
13 Lubbock $1,682
14 San Antonio $1,671
15 Fort Worth $1,670
16 Arlington $1,658
17 Austin $1,627
18 Carrollton $1,598
19 Plano $1,576
20 Corpus Christi $1,572
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Premium costs are estimated as the specific geographic location can change rates noticeably.

Finding out which companies have the cheapest insurance rates for high risk drivers may require a bit more effort in order to find the best policy. Every auto insurer uses a slightly different approach to set their prices, so we’ll go over the most budget-friendly insurance companies in Austin.

It’s important to know that Austin, TX insurance rates are influenced by many factors that control the price you pay. Simply improving your credit, buying a home, or getting caught speeding can trigger price changes that can cause some rates to be cheaper than competitors.

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Cheapest Texas auto insurance companies
Rank Company Cost Per Year
1 Travelers $1,052
2 USAA $1,117
3 Texas Farm Bureau $1,247
4 Germania Mutual $1,282
5 Esurance $1,379
6 California Casualty $1,438
7 State Farm $1,450
8 Mercury $1,521
9 Nationwide $1,553
10 Safe Auto $1,613
11 Progressive $1,647
12 Allstate $1,667
13 Amica $1,705
14 Home State $2,134
15 GEICO $2,156
16 MetLife $2,249
17 Unitrin $2,310
18 Encompass $2,324
19 21st Century $2,396
20 Titan $2,672
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Travelers generally has some of the most affordable car insurance rates in Austin at around $1,052 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the cheapest Austin, TX auto insurance companies.

In the above example, if you are currently insured with Germania Mutual and switched to USAA, you might see an annual premium reduction of upwards of $165. Texas drivers with Esurance could save as much as $262 a year, and California Casualty insureds might lower prices by up to $321 a year.

These policy prices are averaged for all drivers and vehicles in Texas and and are not figured with an exact location for high risk drivers. So the company that is best for you may not even be in the top 23 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.

Discount Austin auto insurance rates

Insurance for high risk drivers in Austin, TXInsurers that offer cheap quotes for high risk drivers may provide special discounts that can lower rates by as much as 40% or more if you are eligible. A few of the larger companies and some of the premium reductions they offer are:

The example below illustrates the comparison of car insurance rates with and without discounts applied to the policy rates. The premiums are based on a female driver, one speeding ticket and one accident, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with paid-in-full, homeowner, vehicle safety, passive restraint, continuous coverage, and anti-theft discounts applied. When these discounts are applied, theaverage yearly reduction on insurance for high risk drivers is 28% or $1,091.

Selecting a high-quality insurance company can be difficult considering how many different companies insure vehicles in Austin. The company ratings displayed below may help you decide which auto insurers to look at when trying to find the cheapest insurance for high risk drivers. The ratings below are only comprised of companies that insure vehicles across America, so companies that only write business in Texas or surrounding areas will not be included in the list.

Austin, TX Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Cautious Austin drivers save money

The easiest method to snag the best insurance rates in Texas for high risk drivers is to be a good driver and avoid traffic citations and accidents. The chart below illustrates how traffic citations and accidents increase auto insurance rates for different categories of driver ages. The prices are based on a married male driver, full coverage, $250 deductibles, and no additional discounts are factored in.

The data in the chart shows the average cost of a car insurance policy in Austin per year with no accidents or violations is $1,889. Get one speeding ticket and the average cost rises to $2,167, an increase of $277 each year. Now add in two accidents along with the one speeding ticket and the 12-month cost of insurance for high risk drivers goes up to an average of $4,495. That’s an increase of $2,606, or $217 per month, just for not paying attention while driving!