For bad credit, one of the more important criteria that are used to help calculate the amount you pay for auto insurance is where you keep your car in Fort Worth. More populated areas are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The illustration below ranks the most expensive places in Texas for low credit scores to buy an auto insurance policy in. Fort Worth ranks #20 with the yearly price of $1,604 for the average insured, which is about $134 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Dallas | $1,893 |
| 3 | Laredo | $1,889 |
| 4 | Brownsville | $1,870 |
| 5 | Amarillo | $1,840 |
| 6 | Houston | $1,835 |
| 7 | Garland | $1,832 |
| 8 | Mesquite | $1,825 |
| 9 | Grand Prairie | $1,811 |
| 10 | Irving | $1,789 |
| 11 | Pasadena | $1,740 |
| 12 | Lubbock | $1,733 |
| 13 | Beaumont | $1,720 |
| 14 | San Antonio | $1,671 |
| 15 | Carrollton | $1,647 |
| 16 | Arlington | $1,642 |
| 17 | Austin | $1,627 |
| 18 | McKinney | $1,625 |
| 19 | Plano | $1,608 |
| 20 | Fort Worth | $1,604 |
| 21 | Waco | $1,584 |
| 22 | Corpus Christi | $1,572 |
| 23 | El Paso | $1,568 |
| 24 | Abilene | $1,515 |
| 25 | Killeen | $1,488 |
| Compare Rates Now Go | ||
Prices are approximated as the specific area where the vehicle is garaged can change rates noticeably.
Deciphering which insurers offer the cheapest insurance rates for low credit scores will take a little more sweat than just quoting one company’s rates. Every insurance company has their own guidelines to set premium rates, so let’s take a look at the most affordable insurance companies in Fort Worth, TX.
Best Cheap Insurance Rates in Texas
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,095 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,396 |
| 7 | Mercury | $1,476 |
| 8 | State Farm | $1,495 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,650 |
| 13 | Amica | $1,705 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,249 |
| 17 | Unitrin | $2,310 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,646 |
| Find Cheaper Rates Go | ||
Travelers may offer some of the lowest car insurance rates in Fort Worth at around $1,052 each year. This is $852 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the more affordable Fort Worth, TX auto insurance companies.
As depicted above, if you currently have a policy with Esurance and switched to USAA, you could see a yearly savings of roughly $284. Texas drivers with California Casualty might save as much as $301 a year, and Mercury policyholders might see rate reductions of $381 a year.
Be aware that those premiums are averages across all insureds and vehicles and are not factoring in a specific location for low credit scores. So the auto insurance company that has the cheapest rates for you may not even be in the top 23 companies shown above. That illustrates why you need to compare as many prices as possible using your own driver information and specific vehicle type.
Full coverage versus liability only rates
Reducing the cost of insurance is probably important to most people, and one way to save on the cost of insurance for low credit scores is to not buy full coverage. The illustration below illustrates the difference between annual premium costs when comparing full coverage to liability only. The costs are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are not married, and no other discounts are factored in.
As an average, physical damage coverage costs $2,671 per year over and above liability only. That is a significant amount which raises the question if paying for full coverage is worth it. There isn’t a steadfast formula of when to drop physical damage coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
How to find a good Texas insurance company
Picking the right auto insurance company can be difficult considering how many companies there are to choose from in Fort Worth. The ranking data in the next section may help you select which auto insurers you want to consider when comparing rate quotes.
These rankings are for companies that insure vehicles nationwide, so companies that focus mainly on Texas business will not be included in the list. To get price quotes and find cheaper insurance for low credit scores, click here.
Top 10 Major Auto Insurance Providers Overall in Fort Worth
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Drive responsibly or pay higher rates
The obvious way to find the most affordable insurance rates in Fort Worth for bad credit is to drive attentively and have a clean driving record. The diagram below highlights how speeding tickets and at-fault collisions influence insurance costs for different categories of driver ages. The prices are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
The chart shows that the average cost of auto insurance per year with no accidents and a clean driving record is $1,527. Get one speeding ticket and the average cost increases to $1,733, an increase of $206 each year. Then add two accidents along with the one speeding ticket and the annual cost of insurance for low credit scores increases to an average of $3,665. That’s an increase of $2,138, or $178 per month, just for not driving attentively!
How to find more affordable car insurance for low credit scores
The list below details many thrifty solutions that can help Fort Worth drivers get low-cost auto insurance.
- Raise your deductibles
- Avoid having at-fault accidents
- Home or renters coverage can save on auto insurance
- Pay lower rates with good credit
- Violations and traffic tickets increase rates
- If possible, do not file small claims
- Keep rates low by shopping around frequently
That last piece of advice is remarkably valuable, as was noted in this piece. Insurance prices change frequently, so don’t be unwilling to change to a new company if you can find a cheaper rate. Brand loyalty is great, but is isn’t recommended if that dedication is costing a small fortune year after year. Spend a few minutes and compare rates and find cheaper insurance for low credit scores in Fort Worth.
The auto insurance agents in Fort Worth shown below can probably provide answers to your questions and help you determine which auto insurance policy would work best for you, as some drivers have questions and prefer to get some help when comparing insurance rates for low credit scores. It’s not always easy to find the cheapest auto insurance company, and insurance agents licensed in the state of Texas can add peace of mind knowing your coverage gives you sufficient protection if you have a claim. To locate a Fort Worth insurance agent near you, click the link after the list or click here to compare price quotes now.
Nationwide Insurance: Morris Curlee Jr
3000 Altamesa Blvd #150 – Fort Worth, TX 76133 – (817) 370-9838
Matt Poston – State Farm Insurance Agent
3417 Hulen St #203 – Fort Worth, TX 76107 – (817) 732-1611
Raudel Flores – State Farm Insurance Agent
4200 South Fwy #102 – Fort Worth, TX 76115 – (817) 926-9537
Alberta Blocker Insurance Agency
3304 Swan St – Fort Worth, TX 76117 – (817) 335-3400