Who Has Cheap Auto Insurance for Used Cars in Austin?

The words “low-cost” and “auto insurance” really shouldn’t be used in the same sentence, especially when you are trying to find the lowest insurance rates for used cars. Because of the high cost, let’s get started by showing you some situations that can significantly affect auto insurance rates, and find some ways to reduce the price of your next policy.

The type of vehicle requiring insurance is one of the main factors when quoting economical coverage for used cars. Vehicles with lots of speed or power, a lack of modern safety features, or high incidents of liability claims will cost quite a bit more to insure than safer models.

The table below features auto insurance rates for a number of the most cost-effective vehicles to buy insurance for.

Cheapest Vehicles to Insure in Austin, TX
Make and Model Estimated Cost for Full Coverage
Chevrolet Silverado LS Regular Cab 4WD $978
Toyota Prius $986
Toyota Tacoma 4WD $997
Honda CR-V EX-L 4WD $1,007
Honda Accord EX 4-Dr Sedan $1,005
Dodge Grand Caravan Crew $1,073
Ford Escape Limited 4WD $1,086
Ford Explorer XLT 4WD $1,088
Chevrolet Impala LS $1,129
Ford Focus S 4-Dr Sedan $1,136
GMC Sierra 2500HD SLE Crew Cab 4WD $1,131
Jeep Grand Cherokee Limited 2WD $1,141
Chevrolet Malibu LTZ $1,131
Jeep Wrangler Rubicon 4WD 2-Dr $1,135
Nissan Altima 2.5 4-Dr Sedan $1,152
Chevrolet Equinox LS 2WD $1,162
Ford Edge SEL 2WD $1,160
Ford F-350 XLT Crew Cab Harley Edition 2WD $1,171
Toyota RAV4 4WD $1,188
Toyota Camry Hybrid $1,205
Honda Odyssey EX-L W/Navigation $1,216
Toyota Corolla S $1,225
Dodge Ram 3500 Mega Cab Laramie 2WD $1,226
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in Austin, TX location which can lower or raise rates significantly.

Based upon the rates shown, vehicles like the Chevrolet Silverado, Toyota Prius, Toyota Tacoma, and Honda CR-V will be a few of the most economical vehicles to insure for pre-owned vehicles.

Deciding which companies quote the lowest-priced auto insurance rates for used cars takes a bit more work in order to find the best policy.

Every car insurance company uses a little different formula to set policy rates, so we will examine the auto insurance companies with the most affordable rates in Austin, TX. It’s important that you understand Texas auto insurance rates are calculated based on many things that control the cost of coverage. Improving your credit rating, moving to a different location, or getting a reckless driving citation can produce rate changes resulting in some rates now being more affordable than the competition.

Lowest Insurance Price Quotes for Used Cars

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Cheapest Texas auto insurance companies
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,095
3 Texas Farm Bureau $1,235
4 Germania Mutual $1,256
5 Esurance $1,365
6 California Casualty $1,396
7 State Farm $1,495
8 Mercury $1,521
9 Nationwide $1,538
10 Safe Auto $1,549
11 Progressive $1,715
12 Allstate $1,718
13 Amica $1,723
14 Home State $2,071
15 GEICO $2,156
16 MetLife $2,227
17 Encompass $2,232
18 Unitrin $2,241
19 21st Century $2,421
20 Titan $2,672
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Travelers may have some of the cheapest car insurance rates in Austin at around $1,021 a year. This is $883 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the cheaper Austin, TX car insurance companies.

As the example above demonstrates, if you are a customer of USAA and switched to Travelers, you might achieve an annual premium reduction of approximately $74. Texas drivers with Texas Farm Bureau could save as much as $214 a year, and Germania Mutual customers might reduce rates by $235 a year.

These policy rates are averages across all types of insureds and vehicles and do not take into consideration an exact zip code location for used cars. So the car insurance company that fits you best may not even be in the top 23 companies in the list above. That point stresses why you need to get rate quotes using your own specific driver and vehicle information.

For pre-owned vehicles, one of the big considerations that are looked at to determine insurance cost is where you call home. Areas with more people or higher crime rates tend to have higher rates, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.

The information below shows the most expensive areas in Texas for used cars in which to buy car insurance. Austin ranks #15 with an annual cost of $1,676 for the average policy, which is approximately $140 each month.

How much does car insurance cost in Austin, TX?
Rank City Premium Per Year
1 McAllen $1,936
2 Brownsville $1,927
3 Dallas $1,893
4 Amarillo $1,858
5 Laredo $1,851
6 Houston $1,835
7 Pasadena $1,812
8 Grand Prairie $1,811
9 Mesquite $1,807
10 Garland $1,796
11 Beaumont $1,754
12 Irving $1,736
13 Lubbock $1,716
14 San Antonio $1,688
15 Austin $1,676
16 Arlington $1,658
17 El Paso $1,616
18 Fort Worth $1,604
19 Carrollton $1,598
20 Corpus Christi $1,588
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Rate quotes are comparative as specific Austin garaging address can increase or decrease coverage rates substantially.

Finding the highest-rated auto insurance provider is hard considering how many choices drivers have in Texas. The company information shown below could help you select which car insurance companies to look at comparing rates with.

The ratings below are for companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in Texas are not included in these rankings. If you would like to check rates from these top insurers and more, click here.

Top Auto Insurance Companies for Used Cars in Texas
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

How to get discounts on Austin auto insurance

Save on auto insurance for pre-owned vehicles in AustinAuto insurance companies that provide coverage for used cars may provide price discounts that could reduce prices by 25% or more if you qualify. A few popular companies and the discounts they provide include:

The information below shows the comparison of yearly insurance costs with and without discounts applied to the policy premium. The rates are based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple vehicle, marriage, accident-free, vehicle safety, homeowner, and passive restraint discounts applied. In this example, the average amount saved each year on auto insurance for used cars is 28% or $706.

Here’s why you should shop around

Austin, TX auto insurance rates are impacted by many things that control the cost of a policy. Simply having a birthday, having a teen driver, or getting a driving violation may generate price changes that may make certain companies cheaper than others.

Not only may things change on your end, but companies modify rates at least once a year in order to maintain liquidity for claims. Heavier than normal losses can result in a rate increase, while a lower level of claims may cause cheaper Austin car insurance rates.

The bar chart below shows the companies that have the cheapest car insurance in Austin, TX for a 35-year-old male driver with no violations or accidents, and excellent credit. If we estimate prices based on his personal risk profile, Travelers might quote the best car insurance rates in Austin at $1,118 each year. This is $786 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining cheapest Austin, TX auto insurance companies.

Now we will pretend the driver from the above example some claims, a little lower credit rating, and a speeding citation. Due to the fact that every insurance company uses their own formula for determining rates in each state, analyzing rate quotes could result in a different ranking of affordable companies as shown below.

Mercury now has the lowest car insurance rate in Austin with State Farm, Safe Auto, USAA, and Nationwide also having competitive pricing. This shows why Austin drivers need to do a thorough rate comparison to find cheap insurance quotes for used cars.

Car insurance prices are impacted by many risk factors and can change without notice, so the most economical option six months ago may now not even be in the top five.

If you like to get some help when trying to find the best insurance rates for used cars, the agents below can probably answer your questions and help you decide which coverages and limits you need.

To find an auto insurance agency close to where you live, click the button link following the list.

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Ideas to find more affordable insurance for used cars

It’s not impossible to find cheaper rates, and here are some thrifty solutions that can help Austin drivers locate cheaper car insurance.

The last idea is very significant, as was pointed out in this piece. Coverage prices in Austin can change significantly in a year, so don’t be tentative to buy a different policy if a lower price can be found. Brand loyalty is not necessarily bad, but it’s not a good idea if your bullheadedness ends up costing you hundreds every year. In just a couple of minutes you could shop around to find cheaper auto insurance for used cars.