Who Has the Cheapest Car Insurance Quotes for Veterans in Austin?

The words “cheap” and “insurance” probably shouldn’t be used in the same sentence, specifically when comparison shopping for the cheapest coverage for veterans. In an attempt to save some money, let’s start off by going over some things that determine car insurance rates, and find a few ways to reduce the cost of your next policy.

The car, truck, or SUV you are seeking coverage for is probably the most important factor when quoting the best coverage for veterans. Vehicles with more horsepower, a lack of modern safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more economical and safe models. The list below outlines insurance prices for the cheapest vehicles to insure.

Cheapest Vehicles to Insure in Austin, TX
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 2WD $940
Honda Accord LX 4-Dr Sedan $1,027
Honda CR-V EX-L 2WD $1,051
Toyota Camry LE $1,113
Hyundai Elantra SE Touring Station Wagon $1,119
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,135
Dodge Grand Caravan Crew $1,143
Toyota Prius $1,143
Jeep Wrangler Unlimited Sport 4WD 4-Dr $1,145
Ford Explorer XLT AWD $1,150
Ford Edge Sport 2WD $1,174
Honda Odyssey EX-L $1,181
Ford Focus SE 4-Dr Sedan $1,194
Chevrolet Silverado LT Regular Cab $1,199
Chevrolet Malibu LTZ $1,196
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $1,201
Jeep Grand Cherokee Laredo 4WD $1,218
Chevrolet Impala LT $1,223
Chevrolet Equinox LT AWD $1,218
Toyota RAV4 Sport 2WD $1,226
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Cost estimates assume 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, claim-free, multi-policy, homeowner, and safe-driver. Table data does not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates greatly.

Looking at the numbers, we can assume that models like the Ford Escape, Honda Accord, and Honda CR-V are some of the more affordable vehicles to insure for veterans.

Trying to buy budget car insurance is not the easiest thing to do, and figuring out which insurers offer the lowest-priced car insurance rates for veterans requires even more shopping around. Each company uses a little different formula for setting prices, so first we will examine the car insurance companies with the overall cheapest rates in Austin.

Find the Cheapest Auto Insurance for Vets

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Cheapest insurance companies in Texas
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,095
3 Texas Farm Bureau $1,235
4 Germania Mutual $1,244
5 California Casualty $1,382
6 Esurance $1,421
7 State Farm $1,450
8 Mercury $1,461
9 Safe Auto $1,549
10 Nationwide $1,600
11 Progressive $1,664
12 Allstate $1,718
13 Amica $1,757
14 Home State $2,071
15 GEICO $2,072
16 MetLife $2,183
17 Unitrin $2,241
18 Encompass $2,324
19 21st Century $2,469
20 Titan $2,594
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Travelers has some of the lowest car insurance rates in Austin at around $1,041 each year. This is $863 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also rank well as some of the lowest-priced Austin, TX auto insurance companies.

In the rate table above, if you are insured with California Casualty and switched to USAA, you could realize savings of in the neighborhood of $287. Insureds with Esurance might save as much as $326 a year, and State Farm insureds might reduce prices by as much as $355 a year.

Understand that those policy prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with an exact location for veterans. So the auto insurance company that can offer you the best price may not even be in the top 23 companies in the list above. That point stresses why you need to compare prices as often as possible using your own driver and vehicle profiles.

For veterans, one of the big things that help determine the price you pay for insurance is where you choose to live. Areas with a lot of weather claims or more people tend to pay more, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.

The next table ranks the most expensive cities in Texas for veterans in which to buy car insurance. Austin shows up at #16 costing $1,659 for coverage, which is approximately $138 per month.

How much does auto insurance cost in Austin?
Rank City Annual Premium
1 McAllen $1,936
2 Houston $1,891
3 Dallas $1,855
4 Brownsville $1,851
5 Amarillo $1,840
6 Laredo $1,833
7 Garland $1,832
8 Pasadena $1,812
9 Grand Prairie $1,793
10 Irving $1,789
11 Mesquite $1,771
12 San Antonio $1,739
13 Beaumont $1,720
14 Arlington $1,692
15 Lubbock $1,682
16 Austin $1,659
17 Fort Worth $1,621
18 Plano $1,608
19 Carrollton $1,598
20 Corpus Christi $1,588
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Prices are comparative as the specific geographic location can change coverage rates greatly.

Does full coverage make sense?

Buying cheaper car insurance is probably important to the majority of vehicle owners, and one of the easiest ways to buy cheaper insurance for veterans is to not pay for full coverage. The information below illustrates the comparison of insurance premiums with full coverage compared to only the Texas minimum liability coverage. Data assumes no accidents or driving violations, $500 deductibles, single status, and no discounts are factored in.

As an average for all age groups, comp and collision coverage costs an additional $1,793 per year over and above liability only. At some point, about every driver wonders if paying for full coverage is a waste of money. There is no exact rule to delete full coverage, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s say your vehicle’s claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $6,000 after paying the physical damage deductible. If you are paying over $600 a year for comprehensive and collision coverage, then you might consider buying liability only.

There are some situations where eliminating full coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Discount Austin auto insurance rates

Car insurance for veterans in Austin, TXAuto insurance companies that offer quotes for veterans may also give you discounts that may potentially lower prices by as much as 30% if you are eligible. Larger car insurance companies and some of their more popular discounts can be read below.

The information below compares annual premium costs with and without discounts applied to the premium. The data assumes a male driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The second shows the rates with defensive driving course, passive restraint, safe-driver, anti-theft, marriage, and vehicle safety discounts applied. When discounts are applied, theamount saved on car insurance for veterans is 28% or $745.

Accidents and violations increase rates

The recommended way to snag good car insurance prices in Austin for veterans is to pay attention while driving and avoid accidents and traffic citations. The chart below highlights how speeding tickets and accidents can increase insurance costs for different age categories. The premiums assume a single male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.

The data above shows the average cost of an auto insurance policy per year with no accidents or violations is $2,671. Get written up for two speeding tickets and the average cost rises to $3,542, an increase of $870 each year. Then add in one accident along with the two speeding tickets and the 12-month cost of car insurance for veterans goes up to an average of $4,430. That’s an increase of $1,759, or $147 per month, just for not paying attention while driving!