For veterans, one of the big components that help determine the annual cost of car insurance is where you keep your vehicle. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims receive better rates.
The next table ranks the most expensive places in Texas for retired military in which to buy car insurance. Fort Worth is ranked #18 with a yearly cost of $1,621 for the average insurance policy, which is around $135 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Dallas | $1,911 |
| 3 | Houston | $1,909 |
| 4 | Brownsville | $1,908 |
| 5 | Laredo | $1,907 |
| 6 | Amarillo | $1,858 |
| 7 | Garland | $1,832 |
| 8 | Mesquite | $1,825 |
| 9 | Grand Prairie | $1,811 |
| 10 | Irving | $1,789 |
| 11 | Beaumont | $1,772 |
| 12 | Pasadena | $1,740 |
| 13 | Arlington | $1,692 |
| 14 | Lubbock | $1,682 |
| 15 | Austin | $1,676 |
| 16 | San Antonio | $1,671 |
| 17 | Carrollton | $1,647 |
| 18 | Fort Worth | $1,621 |
| 19 | Corpus Christi | $1,620 |
| 20 | McKinney | $1,577 |
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Table data uses comparative as the specific geographic location can revise coverage rates substantially.
Finding cost effective auto insurance is not the easiest thing to accomplish, and deciding which companies offer the best auto insurance rates for retired military will require more quotes for comparison. Each auto insurance company has their own formula to set premium rates, so we need to take a look at the overall cheapest auto insurance companies in Texas.
Cheap Insurance Rates for Vets
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,438 |
| 7 | State Farm | $1,495 |
| 8 | Mercury | $1,506 |
| 9 | Safe Auto | $1,565 |
| 10 | Nationwide | $1,600 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,667 |
| 13 | Amica | $1,723 |
| 14 | Home State | $2,155 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,301 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,594 |
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Travelers offers some of the most affordable car insurance rates in Fort Worth at around $1,010 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheaper Fort Worth, TX auto insurance companies.
As shown above, if you buy coverage from Texas Farm Bureau and switched to Travelers, you might realize an annual savings of around $201. Insureds with Germania Mutual could save as much as $284 a year, and Esurance customers might reduce prices by as much as $355 a year.
To see how much you can save, click here to get quotes or quote prices from the following companies.
It’s important to note that these policy prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration an exact vehicle garaging location for retired military. So the auto insurance company that can offer the best rates for your situation may not even be in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
The make and model of vehicle to be insured is one of the primary factors that determines whether or not you find the best cheap insurance for retired military. Vehicles with high performance features, a lack of safety features, or a track record of large liability claims will cost quite a bit more to insure than safer models. The list below features coverage prices for some of the most budget-friendly vehicles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $971 |
| Ford Escape XLT 4WD | $993 |
| Hyundai Elantra SE Touring Station Wagon | $1,055 |
| Honda Accord EX 4-Dr Sedan | $1,064 |
| Honda Odyssey LX | $1,066 |
| Toyota Prius | $1,078 |
| Chevrolet Malibu Hybrid | $1,151 |
| Chevrolet Equinox LT 2WD | $1,161 |
| Toyota RAV4 2WD | $1,151 |
| Ford Edge SE 2WD | $1,166 |
| Dodge Grand Caravan Crew | $1,173 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,186 |
| Ford Focus SES 4-Dr Sedan | $1,191 |
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Information does not factor in the specific area where the vehicle is garaged which can alter prices significantly.
Based upon these rates, you can presume that vehicles like the Honda CR-V, Ford Escape, and Hyundai Elantra are going to be the cheapest vehicles to insure for veterans.
How to get discounts on Fort Worth car insurance rates
Insurers that offer quotes for retired military may also give you special discounts that could lower prices by 30% or more if you meet specific eligibility requirements. Large auto insurance companies and the discounts they provide include:
- State Farm offers discounts including Steer Clear safe driver discount, driver’s education, Drive Safe & Save, safe vehicle, anti-theft, multiple policy, and defensive driving training.
- GEICO may include discounts for five-year accident-free, multi-policy, military active duty, defensive driver, air bags, and emergency military deployment.
- Allstate may offer discounts for multi-policy, farm vehicle, teenSMART discount, 55 and retired, senior citizen, premier plus, and premier discount.
- SAFECO offers premium reductions for anti-theft, bundle discounts, anti-lock brakes, drive less, safe driver, teen safety rewards, and teen safe driver.
- Farm Bureau discounts include multi-vehicle, 55 and retired, good student, multi-policy, youthful driver, and driver training.
- Progressive has savings for multi-vehicle, online quote discount, homeowner, continuous coverage, and multi-policy.
- AAA offers discounts for good driver, education and occupation, pay-in-full, anti-theft, and good student.
The illustration below illustrates the comparison of yearly insurance costs with and without discounts applied to the policy premium. The premiums assume a male driver, no violations or claims, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple policy, claim-free, defensive driving course, anti-theft, marriage, and homeowner discounts applied. When these discounts are applied, theaverage yearly reduction on auto insurance for retired military is 28% or $606.
The chart below shows how choosing a deductible can change premium costs when trying to find cheap insurance for retired military. The premiums are based on a married male driver, comp and collision included, and no discounts are applied.
The data above shows that a 50-year-old driver could lower their policy premium by $264 a year by increasing from a $100 deductible up to a $500 deductible, or save $402 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 category, could possibly save $884 every year just by using higher deductibles. When increasing deductibles, it will be necessary to have enough savings to enable you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Don’t make the mistake of not shopping around
Fort Worth auto insurance rates are determined by lots of factors which can significantly increase or decrease the price of your policy. Getting older, getting divorced, or getting a reckless driving citation can trigger price changes resulting in some companies being cheaper in comparison to the competition.
Not only may your risk profile change, but companies change premium rates as often as every quarter to help ensure profitability. Larger than normal claims may cause additional price hikes, while profitable underwriting can result in cheaper Fort Worth car insurance rates.
To illustrate this point, the data below analyzes the cheapest car insurance in Fort Worth, TX for a 45-year-old male driver with no prior accidents, a clean driving record, and good credit. Based on his current situation, Travelers quotes the cheapest car insurance rates in Fort Worth at $1,134 per year. This is $770 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the cheapest Fort Worth, TX auto insurance companies.
Now we will give the driver from above some claims, a lower credit score, and a speeding citation. Since each auto insurance company uses their own calculation to set their prices, comparing insurance quotes will most likely result in a new list of the cheapest Fort Worth car insurance companies as shown below.
State Farm now has the best insurance rate in Fort Worth with Mercury, Nationwide, Safe Auto, and USAA also having competitive pricing. This demonstrates why consumers need to take the time to take the time to shop around when trying to find affordable auto insurance quotes for retired military. Car insurance prices are made up of many risk factors and can change substantially, so the cheapest option a year ago may now be priced much higher than other options.
Tips to find economical auto insurance for retired military
It’s not impossible to find cheaper rates, and here are a few thrifty ideas that can help drivers get cheaper car insurance.
- Better credit scores save money
- Staying accident-free helps keep rates low
- Drop full coverage on older vehicles
- Bundle home or renters insurance to earn a discount on car insurance
- Buy a vehicle with excellent safety ratings
- Shop around and save
The last suggestion is incredibly vital, as was stressed in this write-up. Coverage prices can change significantly in a year, so you should be ready to switch to a new company if you find a better deal. Staying with the same company for years is fine, but it’s not a good idea if that faithfulness ends up costing you hundreds of dollars year after year. Now is a great time to shop around to find cheaper car insurance for retired military in Fort Worth.
The insurance agencies below can most likely provide answers to your questions and help you determine which policy is best, as lots of people like to have a professional recommendation when trying to find lower insurance rates for retired military. It can be difficult to find the best rates on your own, so getting professional guidance from a licensed agent can provide you comfort knowing your policy gives you decent coverage if you have a claim. To find a Fort Worth insurance agency in your neighborhood, click the button below the list or click here to compare prices now.
- Armor Texas Insurance Agency
6613 McCart Ave – Fort Worth, TX 76133 – (817) 332-2066 - Eddie Bermea – State Farm Insurance Agent
6252 McCart Ave – Fort Worth, TX 76133 – (817) 294-7400 - Raudel Flores – State Farm Insurance Agent
4200 South Fwy #102 – Fort Worth, TX 76115 – (817) 926-9537 - Jerry Bristow – State Farm Insurance Agent
6490 Camp Bowie Blvd – Fort Worth, TX 76116 – (817) 738-2184 - Camilla Harris – State Farm Insurance Agent
7225 Crowley Rd a – Fort Worth, TX 76134 – (817) 293-0496