The words “low-cost” and “insurance” really don’t belong together, in particular when you are shopping around for the best coverage prices for a school permit. Because it’s so expensive, let’s start off by going over a few of the things that impact car insurance prices, and see if you can lower the price of the next policy you buy.
For a learners permit, one of the more important things that are looked at to help calculate insurance cost is the neighborhood you call home in Fort Worth. Areas with increased crime or more people likely pay more, whereas more rural areas have the gratification of cheaper auto insurance rates.
The illustration below shows the highest-priced areas in Texas for a school permit to purchase a policy in. Fort Worth is listed at #21 with a yearly cost of $1,604 for car insurance, which is around $134 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Brownsville | $1,908 |
| 3 | Houston | $1,891 |
| 4 | Dallas | $1,855 |
| 5 | Laredo | $1,851 |
| 6 | Garland | $1,850 |
| 7 | Amarillo | $1,840 |
| 8 | Beaumont | $1,772 |
| 9 | Grand Prairie | $1,757 |
| 10 | Mesquite | $1,753 |
| 11 | Pasadena | $1,740 |
| 12 | Irving | $1,736 |
| 13 | San Antonio | $1,688 |
| 14 | Lubbock | $1,682 |
| 15 | Arlington | $1,658 |
| 16 | Carrollton | $1,647 |
| 17 | El Paso | $1,632 |
| 18 | Austin | $1,627 |
| 19 | Corpus Christi | $1,620 |
| 20 | McKinney | $1,609 |
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Information shown are comparative as specific Fort Worth zip code can change insurance rates greatly.
Finding low-priced car insurance is not always easy, and figuring out which companies have the cheapest auto insurance rates for a school permit takes a bit more work. Each auto insurance company has their own unique process to determine premium rates, so let’s begin by taking a look at the auto insurance companies with the overall best prices in Fort Worth, TX.
We do need to point out that Texas auto insurance rates are impacted by many things which can substantially decrease or increase the policy price. Simply improving your credit, buying a home instead of renting, or getting into an accident can trigger rate changes that can make some companies more affordable than competitors.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,424 |
| 7 | Mercury | $1,461 |
| 8 | State Farm | $1,465 |
| 9 | Nationwide | $1,585 |
| 10 | Safe Auto | $1,613 |
| 11 | Allstate | $1,701 |
| 12 | Amica | $1,705 |
| 13 | Progressive | $1,715 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,135 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,568 |
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Travelers quotes some of the lowest car insurance rates in Fort Worth at around $1,021 annually. This is $883 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the cheapest Fort Worth, TX insurance companies.
In the above example, if you buy coverage from USAA and switched to Travelers, you might achieve savings of around $63. Drivers with Texas Farm Bureau may save as much as $178 a year, and Germania Mutual policyholders might reduce rates by $273 a year.
These policy prices are averages across all insureds and vehicles and and are not figured with an exact zip code location for a school permit. So the insurer that has the lowest price for you may not even be in the list above. That’s why you need to get auto insurance quotes using your own driver information and specific vehicle type.
Insurance rate increases from tickets or accidents
The best way to receive cheap auto insurance rates for a learners permit is to be a cautious driver and avoid at-fault accidents and violations. The information below shows how traffic citations and at-fault accidents influence insurance rates for each different age group. The data is based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of an auto insurance policy in Fort Worth per year with a clean driving record and no accidents is $1,653. Add in one speeding ticket and the average cost surges to $1,932, an increase of $278 each year. Now get one accident along with the one speeding ticket and the 12-month cost of auto insurance for a school permit goes up to an average of $2,704. That’s an increase of $1,051, or $88 per month, just for not being a responsible driver!
Liability only or full coverage
Paying less for auto insurance is important to the majority of drivers, and one of the quickest ways to buy cheap insurance for a school permit is to not pay for full coverage. The illustration below illustrates the comparison of yearly insurance costs with liability coverage only compared to full coverage. The data assumes a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no additional discounts are factored in.
If all age groups are averaged, physical damage coverage on your policy costs an additional $1,793 per year more than carrying just liability coverage. Many people question if full coverage is worth the money. There is no clear-cut rule to eliminate physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
The chart below highlights how deductible choice can affect insurance rates when getting quotes for cheap insurance for a school permit. Data assumes a single female driver, full coverage, and no other discounts are factored in.
A 30-year-old driver could pocket $412 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $624 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 category, could possibly save up to $920 or more by selecting a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it is important to have enough in a savings account to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
Can you find cheaper Fort Worth car insurance?
Fort Worth, TX auto insurance rates are based on many factors that may substantially change the cost of having a policy. Simply improving your credit, buying a home, or getting a couple of tickets can cause premium changes that can make some companies more affordable than competitors. Not only that, but insurance companies amend premium rates as needed to reflect underwriting profits or losses. Higher than normal claim frequency or severity can result in increased policy costs, while a lower level of claims may result in more affordable Fort Worth car insurance rates.
To illustrate this point, the bar chart below shows rates for the cheapest car insurance in Fort Worth, TX for a 35-year-old male driver with a clear driving record, no claims, and a high credit rating. When quoting prices 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 price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the list of the cheapest Fort Worth, TX auto insurance companies.
The chart below compares rates after we give the driver from the above example a claim or two, a lower credit rating, and a stop sign violation. Because each insurer has their own process to determine rates, comparing insurance quotes could result in a different ranking of the cheapest Fort Worth car insurance companies as shown below.
State Farm now has the cheapest rate in Fort Worth, TX with Mercury, USAA, Safe Auto, and Nationwide completing the list. This example shows why it is so important to compare many different companies to find the most affordable auto insurance quotes for a school permit. Car insurance prices consist of many different factors and change frequently, so the cheapest company when you bought your policy may now be wasting a lot of money.