The words “bargain” and “insurance” probably shouldn’t be used in the same sentence, in particular when you are trying to find the best coverage prices for good drivers. To help control this cost, let’s get started by showing you some situations that have an impact on car insurance rates, and see if we can help you reduce the cost of the next policy you buy.
One of the many components that are looked at to determine car insurance rates is your address. Cities with more crime and/or more people tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The next table lists the most expensive places in Texas for good drivers to purchase a policy in. Fort Worth is ranked #16 having an annual price of $1,653 for the average insured, which is about $138 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Brownsville | $1,908 |
| 3 | Laredo | $1,907 |
| 4 | Dallas | $1,893 |
| 5 | Amarillo | $1,840 |
| 6 | Houston | $1,835 |
| 7 | Pasadena | $1,794 |
| 8 | Garland | $1,778 |
| 9 | Beaumont | $1,772 |
| 10 | Mesquite | $1,753 |
| 11 | Grand Prairie | $1,740 |
| 12 | Irving | $1,736 |
| 13 | Lubbock | $1,716 |
| 14 | San Antonio | $1,688 |
| 15 | Austin | $1,676 |
| 16 | Fort Worth | $1,653 |
| 17 | Arlington | $1,642 |
| 18 | El Paso | $1,632 |
| 19 | McKinney | $1,625 |
| 20 | Corpus Christi | $1,620 |
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Rates are comparative as the specific area where the vehicle is garaged can influence rates significantly.
Finding good, low-priced car insurance is easier said than done, and figuring out which companies offer the lowest-priced car insurance rates for good drivers may require even more rate comparisons.
Each company uses different criteria to determine rates, so we need to take a look at the overall cheapest car insurance companies in Fort Worth. It’s a good idea to know that Fort Worth car insurance rates are calculated based on many things that control the price of coverage. This is why Fort Worth drivers need to perform an extensive rate comparison to get the best auto insurance rates for good drivers. Prices are made up of many things and change substantially, so the most economical company when you bought your policy may now be quite expensive.
Best Auto Insurance Prices for Good Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,424 |
| 7 | Mercury | $1,506 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,613 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,723 |
| 14 | GEICO | $2,093 |
| 15 | Home State | $2,134 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,310 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,594 |
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Travelers has some of the lowest car insurance rates in Fort Worth at around $1,052 annually. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheapest Fort Worth, TX insurance companies.
In the above rates, if you currently have a policy with Esurance and switched to USAA, you might realize savings of upwards of $262. Policyholders with California Casualty could save as much as $307 a year, and Mercury insureds might cut rates by $389 a year.
To see if you’re overpaying, click here or visit any of the companies below.
Understand that those premiums are averaged across all ages of drivers and types of vehicles and do not take into consideration an exact vehicle garaging location for good drivers. So the car insurance company that fits you best may not even be in the top 23 companies shown above. That helps illustrate why you need to compare rates from multiple companies using your own driver and vehicle profiles.
The vehicle you are insuring is probably the biggest factor in finding the best coverage for good drivers. Vehicles with lower acceleration and performance, a great safety record, or low incidents of liability claims will cost significantly less to insure than high performance models. The information below shows car insurance prices for the most budget-friendly automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $898 |
| Toyota Prius | $976 |
| Toyota Tacoma 4WD | $985 |
| Ford Escape Limited 2WD | $987 |
| Ford Edge Limited 2WD | $1,023 |
| Toyota RAV4 2WD | $1,042 |
| Chevrolet Impala LT | $1,052 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,093 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,099 |
| Hyundai Elantra SE 4-Dr Sedan | $1,105 |
| Kia Optima LX | $1,112 |
| Dodge Grand Caravan SE | $1,118 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,145 |
| Ford Explorer Limited 4WD | $1,162 |
| Honda Accord EX 2-Dr Coupe | $1,169 |
| Chevrolet Malibu LS | $1,173 |
| Honda Civic LX-S 4-Dr Sedan | $1,181 |
| Ford Fusion SEL AWD 4-Dr Sedan | $1,194 |
| Dodge Ram Quad Cab ST 2WD | $1,202 |
| Toyota Corolla S | $1,205 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,213 |
| GMC Sierra SL Crew Cab 4WD | $1,226 |
| Honda Odyssey EX-L | $1,231 |
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Estimates do not factor in vehicle location which can affect insurance rates greatly.
Looking at the rates, you can presume that makes and models like the Honda CR-V, Toyota Prius, and Toyota Tacoma are most likely to be the most economical vehicles to insure for safe drivers.
The diagram below illustrates how your choice of deductibles can change yearly insurance costs when trying to find cheap insurance for good drivers. The rate quotes are based on a married male driver, full coverage, and no discounts are applied.
As shown above, a 40-year-old driver could cut expenses by $318 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $480 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old category, could shave as much as $1,060 or even more just by using higher deductibles. If you do decide to increase your deductibles, it will be necessary to have enough savings to satisfy the extra out-of-pocket expense that comes with higher deductibles.
Discounts on Fort Worth auto insurance
Insurance providers that offer cheap quotes for good drivers may additionally offer special discounts that can reduce rates by as much as 35% or more if you qualify. A list of car insurance companies and a summarized list of policyholder discounts include:
- GEICO offers premium reductions for air bags, anti-lock brakes, multi-policy, federal employee, good student, daytime running lights, and emergency military deployment.
- Auto-Owners Insurance may offer discounts for safe driver, good student, group or association, multi-policy, multiple vehicles, and paid in full.
- American Family has discounts for early bird, defensive driver, bundled insurance, Steer into Savings, accident-free, multi-vehicle, and mySafetyValet.
- Esurance includes discounts for multi-car, anti-lock brakes, online quote, homeowner, and paid-in-full.
- Progressive may include discounts for online quote discount, continuous coverage, multi-vehicle, online signing, homeowner, and multi-policy.
- State Farm may have discounts that include defensive driving training, Steer Clear safe driver discount, Drive Safe & Save, good driver, safe vehicle, and multiple autos.
- AAA offers discounts including AAA membership discount, multi-car, pay-in-full, education and occupation, and good student.
The diagram below illustrates the difference between yearly insurance costs with and without discounts. The prices are based on a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, multiple policy, anti-theft, multiple vehicle, passive restraint, and claim-free discounts applied. When these discounts are applied, theaverage amount saved on car insurance for good drivers is 28% or $669.
Should you buy full coverage?
Lowering the price of car insurance is the goal of the majority of people, and one of the easiest ways to buy cheap insurance for good drivers is to buy only liability coverage. The diagram below shows the difference between auto insurance rates with full coverage compared to only the Texas minimum liability coverage. The premiums assume no claims or violations, $100 deductibles, single status, and no discounts are factored in.
As an average for all age groups, comp and collision coverage costs an extra $2,181 per year over and above liability coverage. That raises the question if buying full coverage is worth the expense. There is no definitive guideline to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your vehicle’s claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after the deductible is paid. If it’s costing you more than $700 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
Comparing rates can save you money
Fort Worth, TX car insurance rates are calculated based on many things which can significantly increase or decrease your annual premium. Simply improving your credit, buying higher coverage limits, or getting a reckless driving citation may prompt premium changes resulting in some rates now being cheaper than competitors.
Additionally, insurance companies modify pricing as often as every quarter to adjust for unexpected claims or profits. A period of higher than normal claims can cause more expensive premiums, while a lower level of claims can result in more affordable Fort Worth car insurance rates.
To help illustrate this point, the bar chart below shows the companies that have the cheapest car insurance in Fort Worth, TX for a 40-year-old male driver with a clear driving record, no claims, and a good credit history. When quoting prices based on his current risk profile, Travelers may offer the most affordable car insurance rates in Fort Worth at $1,068 a year. This is $836 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the rest of the cheapest Fort Worth, TX auto insurance companies.
Let’s now give the driver in the first chart an accident claim, less-than-perfect credit, and a few traffic violations. Because every insurance company uses their own calculation to set policy rates, comparing prices will most likely result in a different set of the cheapest Fort Worth car insurance companies as shown below.
State Farm now has the cheapest insurance rate in Fort Worth with Mercury, Nationwide, Safe Auto, and USAA now being in the top five. This demonstrates why it is important to take the time to shop around when trying to find the most budget-friendly car insurance rates for good drivers.
Car insurance prices are influenced by many different factors and change substantially, so the cheapest rate six months ago may now not even be in the top five.