The vehicle you are trying to insure is one of the primary factors when shopping around for economical car insurance after a speeding ticket. Vehicles with lower acceleration and performance, excellent safety ratings, or low incidents of liability claims will cost much less to insure than adrenaline junky models. The next table outlines car insurance costs for a selection of the cheapest automobiles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,452|
|Honda Accord LX 4-Dr Sedan||$1,586|
|Ford Explorer XLT 4WD||$1,623|
|Ford Escape Limited 2WD||$1,625|
|Honda CR-V EX-L 4WD||$1,632|
|Ford Edge SEL AWD||$1,686|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,752|
|Ford F-150 STX Super Cab 4WD||$1,768|
|Honda Odyssey EX-L W/Navigation||$1,814|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,822|
|Toyota RAV4 Limited 4WD||$1,836|
|Chevrolet Equinox LS 2WD||$1,846|
|Ford Fusion S 4-Dr Sedan||$1,836|
|Nissan Rogue S 2WD||$1,839|
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Data based on single male driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, and homeowner. Rate quotes do not factor in specific location information which can raise or lower rates noticeably.
Based upon the table data, you can conclude that cars like the Hyundai Elantra, Honda Accord, Ford Explorer, Ford Escape, and Honda CR-V are going to be some of the less-costly vehicles to insure after a few driving violations.
After a few driving violations, one of the more important things that are used to help calculate the amount you pay each year for auto insurance is your zip code in Austin. Cities with more crime and/or more people are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper car insurance.
The following table lists the most expensive cities in Texas after a speeding ticket to buy an auto insurance policy in. Austin ranks #20 with an annual cost of $1,610 for the average insured, which is approximately $134 monthly.
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Premium amounts are estimated as vehicle location can alter prices greatly.
Reckless driving habits raise Austin car insurance rates
In a perfect world, the best way to snag affordable car insurance prices after a few driving violations is to be a cautious driver and avoid accidents and keep your driving record clean. The illustration below demonstrates how traffic citations and at-fault accidents raise insurance costs for each different age group. The information is based on a married male driver, full coverage, $250 deductibles, and no other discounts are factored in.
In the previous example, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,708. Get one speeding ticket and the average cost increases to $1,961, an increase of $253 each year. Now add one accident along with the one speeding ticket and the 12-month cost of car insurance after a speeding ticket jumps again to an average of $2,667. That’s an increase of $959, or $80 per month, just for not being a responsible driver!
Types of discounts on Austin car insurance rates
Insurance providers that offer coverage after a speeding ticket may provide price discounts that may potentially lower prices by as much as 30% if you can meet the requirements. A list of companies and their offered discounts include:
- Progressive has discounts for good student, multi-policy, continuous coverage, multi-vehicle, homeowner, and online quote discount.
- Farmers Insurance has savings for youthful driver, teen driver, homeowner, good student, alternative fuel, and mature driver.
- Farm Bureau offers premium reductions for youthful driver, driver training, renewal discount, multi-policy, safe driver, and good student.
- State Farm offers discounts for good driver, driver’s education, defensive driving training, accident-free, Steer Clear safe driver discount, safe vehicle, and student away at school.
- GEICO includes discounts for seat belt use, good student, military active duty, five-year accident-free, federal employee, and anti-theft.
- SAFECO may offer discounts for drive less, anti-lock brakes, safe driver, teen safe driver, accident prevention training, and bundle discounts.
- Liberty Mutual may have discounts that include newly married, hybrid vehicle, new move discount, multi-car, newly retired, safety features, and multi-policy.
The chart below illustrates the difference between insurance costs with and without discounts applied to the policy rates. The price estimates are based on a male driver, no accidents and one traffic ticket, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with paperless filing, homeowner, multiple policy, multiple vehicle, continuous coverage, and vehicle safety discounts applied. When drivers qualify for the discounts, theamount saved on car insurance after a speeding ticket is 28% or $679.
Full coverage rates compared to liability-only
Finding the cheapest car insurance should be important to the majority of drivers, and one easy way to pay lower rates for insurance after a speeding ticket is to only buy liability insurance. The information below shows the difference between car insurance rates with full coverage and liability only. The price estimates are based on no violations or claims, $100 deductibles, single status, and no additional discounts are factored in.
Averaged for all age groups, full coverage costs an extra $2,429 per year more than buying just liability insurance. At some point, every insured wonders if buying full coverage is a good investment. There is no written rule for eliminating physical damage coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
There are some circumstances where dropping physical damage coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
Compare quotes and save
Austin car insurance rates are impacted by many factors which can substantially change the price you pay. Improving your credit rating, buying higher coverage limits, or getting a ticket for careless driving may cause policy rate changes that can cause some rates to be affordable when they were higher priced. Additionally, insurers file new Texas auto insurance rates as often as every three months in order to maintain liquidity for claims. Higher than normal claim frequency or severity may cause higher priced premiums, while lower claim levels may result in lower-cost Austin car insurance rates.
As an example, the data below shows the companies that have the cheapest car insurance in Austin, TX for a 30-year-old male driver with no accidents, a clean driving record, and good credit. If we look at prices based on his personal profile, Travelers offers the lowest car insurance rates in Austin at $1,185 annually. This is $719 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the rest of the best Austin, TX auto insurance companies.
Let’s now give the driver from above an accident surcharge, a little lower credit rating, and a blemish on his driving record. Since each auto insurer has a proprietary method to set their prices, comparing rates may now result in a different set of affordable companies as shown below.
State Farm now has the best price on car insurance in Austin, TX with Mercury, Nationwide, USAA, and Safe Auto now rounding out the top five. This example illustrates why Texas drivers need to spend some time comparing rates to find affordable car insurance rates after a speeding ticket. Insurance prices are determined by many factors and can decrease or increase without notice, so the best option when you last compared rates may now be one of the higher cost companies.
If you wish to have some professional guidance when shopping around for cheaper insurance after a few driving violations, the professional agents shown below can help you make a decision which is the best policy. To find an auto insurance agency nearest to you, click the button link following the list or click here to compare price quotes.
- Brandy Whiteside – State Farm Insurance Agent
3601 W William Cannon Dr #100 – Austin, TX 78749 – (512) 892-5542
- Karen Easterling – State Farm Insurance Agent
2711 W Anderson Ln #201 – Austin, TX 78757 – (512) 454-4784
- Greater Texas Insurance
9809 Anderson Mill Rd – Austin, TX 78750 – (512) 250-5055
- Allstate Insurance: Cheri Roman
8103 Brodie Ln Ste 7 – Austin, TX 78745 – (512) 282-9999
- Robert Ndegwa – State Farm Insurance Agent
1200 W Howard Ln f – Austin, TX 78753 – (512) 837-8818