What Auto Insurance is Cheapest for Ride Shares in Austin?

The words “cheap” and “insurance” really should not be used together, especially when looking for the cheapest auto insurance for teenage females. Because it’s so expensive, let’s teach you some situations that have a considerable impact on auto insurance prices, and see if you can reduce the cost of the next policy you buy.

The vehicle model requiring insurance is probably the largest consideration when comparing quotes for the lowest-priced car insurance for teenage females. Vehicles with limited speed and performance, advanced safety features, or low incidents of liability claims will cost substantially less to insure than high performance models. The table below estimates insurance premiums for the cheapest automobiles to buy coverage for.

Cheapest Vehicles to Insure in Austin, TX
Insured Vehicle Estimated Cost for Full Coverage
Volkswagen Jetta S 2.5 Station Wagon $985
Honda Accord EX 4-Dr Sedan $1,043
Honda CR-V LX 2WD $1,051
Jeep Grand Cherokee Laredo 2WD $1,074
Toyota Tacoma Double Cab 4WD $1,084
Toyota RAV4 Limited 2WD $1,074
Dodge Grand Caravan Crew $1,095
Hyundai Elantra SE Touring Station Wagon $1,130
Toyota Corolla S $1,136
Ford Escape Limited 2WD $1,143
Ford F-150 XL Super Cab 2WD $1,145
Ford Fusion SE 4-Dr Sedan $1,151
Kia Optima LX $1,154
Jeep Wrangler Sahara 4WD 2-Dr $1,169
Honda Odyssey LX $1,221
Chevrolet Equinox LS AWD $1,232
Toyota Prius $1,238
Ford Explorer XLT AWD $1,249
Chevrolet Malibu LT $1,255
Ford Focus S 4-Dr Sedan $1,290
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Price estimates do not factor in Austin, TX location which can decrease or increase rates considerably.

Looking at the data, we can tell that models like the Volkswagen Jetta, Honda Accord, Honda CR-V, and Jeep Grand Cherokee are most likely going to be a few of the less-costly vehicles to insure for teen girls.

Deciphering which company offers the most affordable insurance rates for teenage females takes a little more work than just comparing rates from one or two companies.

Each auto insurer used slightly different criteria for determining rates in each state, so let’s take a look at the insurance companies that tend to be cheaper in Austin, TX. Keep in mind that Austin insurance rates are calculated based on many things that can increase the cost of your policy. Simply improving your credit, buying higher coverage limits, or getting into an accident can trigger rate changes that can now make some companies more affordable than others.

Best Insurance Companies for Teens

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Travelers quotes some of the most affordable car insurance rates in Austin at around $1,052 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the most economical Austin, TX car insurance companies.

As depicted above, if you currently have a policy with Germania Mutual and switched to Travelers, you might realize an annual premium reduction of upwards of $230. Texas drivers with Esurance might save as much as $327 a year, and California Casualty insureds might lower prices by $344 a year.

To get a quick, customized rate comparison, click here to start your free quote or visit any of the companies below.

Be aware that those policy rates are averaged for all types of insureds and vehicles and do not factor in an exact zip code location for teenage females. So the insurer that has the cheapest rates for you may not even be in the top 23 companies in the list above. That affirms the importance of why you need to get car insurance quotes using your own individual information.

The diagram below highlights how deductible selection can increase or decrease annual premium costs when trying to find cheap insurance for teenage females. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

A 30-year-old driver could lower their policy premium by $294 a year by changing from a $100 deductible up to a $500 deductible, or save $446 by selecting a $1,000 deductible. Even younger insureds, such as the Age 20 example, could roll back prices as much as $884 every year just by using higher deductibles.

If you do make the decision to raise your deductibles, it will be important to have enough spare savings to be able to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Ending up with the highest-rated insurance company is difficult considering how many different insurance companies sell coverage in Austin. The ranking data shown next could help you select which auto insurers to look at when trying to find cheaper insurance for teenage females. The ratings below include companies that insure vehicles across America, so companies without a large exposure will not be included in the list.

Top 10 Major Auto Insurers Overall in Austin

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Major Auto Insurers in Austin Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Why you should be comparing rates

Austin insurance rates are determined by lots of factors which can significantly increase or decrease the cost of having a policy. Turning one year older, having a teenage driver, or getting a DUI can trigger changes in premium that may make certain companies affordable when they were higher priced. And not only may your rating factors change, but car insurance companies change their prices every year to help ensure profitability. An extended period of higher than normal claims can cause increased policy costs, while a profitable period may result in lower-cost Austin car insurance rates.

As an example, the graph below demonstrates which company has the cheapest car insurance in Austin, TX for a 30-year-old female driver with a clean driving record, no accidents, and a good credit rating. Based on her personal profile, Travelers may offer the lowest car insurance rates in Austin at $1,138 each year. This is $766 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the list of the cheapest Austin, TX auto insurance companies.

The chart below compares rates after we give the driver from the first rate comparison a claim surcharge, bad credit, and a stop sign violation. Since each insurance company has a unique formula for determining rates, analyzing rates will most likely result in a different ranking of the cheapest companies as shown below.

Mercury now has the cheapest price in Austin with State Farm, USAA, Safe Auto, and Nationwide now rounding out the top five. This example demonstrates why Austin drivers need to shop around with many companies when trying to get cheap auto insurance quotes for teenage females.

Auto insurance prices are made up of many factors and can change without notice, so the cheapest rate two years ago may now cost much more than other companies.