What Insurance is Cheapest for Immigrants in Austin?

Locating budget auto insurance is hard enough, and finding out which companies offer the best car insurance rates for immigrants will involve a bit more work.

Every auto insurer uses a different method to establish rates, so we’ll go over the overall cheapest car insurance companies in Austin. Keep in mind that Austin car insurance rates are calculated based on many things that control the price you have to pay for coverage. Improving your credit score, filing a claim, or getting a ticket for running a stop sign may cause policy rate changes that can cause some rates to be more expensive than before.

Best Cheap Insurance Rates for Migrants

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Cheapest auto insurance in Texas ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,128
3 Texas Farm Bureau $1,199
4 Germania Mutual $1,244
5 Esurance $1,365
6 California Casualty $1,438
7 Mercury $1,461
8 State Farm $1,495
9 Nationwide $1,553
10 Safe Auto $1,565
11 Allstate $1,701
12 Amica $1,705
13 Progressive $1,715
14 Home State $2,134
15 GEICO $2,135
16 MetLife $2,183
17 Encompass $2,255
18 Unitrin $2,333
19 21st Century $2,421
20 Titan $2,646
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Travelers generally has some of the cheapest car insurance rates in Austin at around $1,041 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the lowest-priced Austin, TX insurance companies.

In the above rates, if you are insured with Germania Mutual and switched to USAA, you might see a yearly savings of approximately $116. Drivers with Esurance may save as much as $237 a year, and California Casualty policyholders might reduce rates by $310 a year.

To find cheaper insurance rates for your vehicle, click here to get a free quote or visit any of the companies below.

Bear in mind that those rates are averaged across all types of insureds and vehicles and and are not figured with a specific zip code for immigrants. So the company that is most affordable for your situation may not even be in the top 23 companies in the list above. That underscores the importance of why you need to get quotes using your own specific driver information and vehicle.

The vehicle requiring coverage is one of the primary factors when comparing cheaper car insurance for immigrants. Vehicles with high performance features, poor passenger safety features, or high incidents of liability claims will cost more to insure than more economical and safe models. The next table shows coverage prices for a number of the most budget-friendly automobiles to buy coverage for.

Cheapest Vehicles to Insure in Austin, TX
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $891
Toyota Prius $986
Ford Escape Limited 2WD $997
Chevrolet Impala LS $1,035
Ford Edge SE 2WD $1,065
Hyundai Elantra SE 4-Dr Sedan $1,112
Ford Focus SE 4-Dr Sedan $1,129
Honda Odyssey EX $1,136
Ford Explorer XLT 2WD $1,135
GMC Sierra 3500HD SLE Extended Cab 2WD $1,152
Volkswagen Jetta LE 4-Dr Sedan $1,159
Nissan Altima 2.5 4-Dr Sedan $1,152
Chevrolet Equinox LS AWD $1,157
Toyota Tacoma 2WD $1,160
Dodge Grand Caravan SXT $1,175
Jeep Grand Cherokee Laredo 4WD $1,188
Chevrolet Malibu LS $1,193
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate quotes do not factor in garaging location in Austin, TX which can revise price quotes significantly.

Looking at the rates, you can presume that cars like the Honda CR-V, Toyota Prius, and Ford Escape are a few of the cheaper vehicles to insure for foreigners.

For foreigners, one of the big things that are used to help calculate car insurance rates is where you keep your vehicle. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.

The following table rates the most costly cities in Texas for immigrants in which to buy car insurance. Austin ranks #18 with the annual price of $1,610 for car insurance, which is around $134 monthly.

How much does auto insurance cost in Austin?
Rank City Average Per Year
1 McAllen $1,956
2 Dallas $1,893
3 Houston $1,891
4 Laredo $1,889
5 Brownsville $1,851
6 Garland $1,832
7 Pasadena $1,812
8 Grand Prairie $1,811
9 Amarillo $1,786
10 Beaumont $1,754
11 Mesquite $1,753
12 Irving $1,736
13 Arlington $1,709
14 San Antonio $1,688
15 Lubbock $1,665
16 Carrollton $1,647
17 Plano $1,624
18 Austin $1,610
19 Fort Worth $1,604
20 El Paso $1,584
21 Corpus Christi $1,572
22 Waco $1,569
23 Abilene $1,561
24 McKinney $1,561
25 Killeen $1,488
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Rate information is estimated as the specific garaging location can modify price quotes considerably.

Comparison of full coverage and liability-only policies

Finding cheaper car insurance is the goal of the majority of vehicle owners, and an easy way to find cheaper insurance for immigrants is to not buy full coverage. The example below illustrates the comparison of premium costs with full physical damage coverage compared to only buying liability only. The costs are based on no accidents or driving violations, $500 deductibles, marital status is single, and no additional discounts are factored in.

If averaged for all ages, full coverage costs $1,793 per year over and above liability only. That touches on the question when is it a good idea to stop buying full coverage. There is no set guideline that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

There are some scenarios where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

The example below highlights how deductible choice can impact insurance costs when searching for cheap insurance for immigrants. The prices are based on a single male driver, full physical damage coverage, and no discounts are applied.

As shown above, a 50-year-old driver could pocket $314 a year by increasing from a $100 deductible up to a $500 deductible, or save $472 by switching to a $1,000 deductible. Youthful drivers, such as the Age 20 example, could potentially save up to $1,026 annually by using a higher deductible.

When choosing a higher deductible, it will be required to have spare funds to allow you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Finding the top insurer is hard considering how many choices drivers have in Austin. The company ratings in the lists below may help you pick which auto insurers you want to consider putting your business with. The ratings below include companies that write coverage in many states, so smaller companies that only insure vehicles in Texas are not included in the list.

Top 10 Major Auto Insurers in Austin Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance