One of the many criteria that determine car insurance rates is where you keep your vehicle in Fort Worth. Areas with more people or higher crime rates tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents have the enjoyment of a little cheaper coverage.
The following table rates the most expensive areas in Texas for drivers requiring a SR22 in which to purchase auto insurance. Fort Worth shows up at #20 having an annual price of $1,621 for car insurance, which is approximately $135 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Dallas | $1,911 |
| 3 | Brownsville | $1,908 |
| 4 | Amarillo | $1,858 |
| 5 | Laredo | $1,851 |
| 6 | Garland | $1,850 |
| 7 | Houston | $1,835 |
| 8 | Grand Prairie | $1,811 |
| 9 | Pasadena | $1,794 |
| 10 | Irving | $1,772 |
| 11 | Mesquite | $1,771 |
| 12 | Beaumont | $1,720 |
| 13 | Lubbock | $1,716 |
| 14 | San Antonio | $1,671 |
| 15 | Austin | $1,659 |
| 16 | Arlington | $1,658 |
| 17 | Carrollton | $1,647 |
| 18 | Corpus Christi | $1,636 |
| 19 | El Paso | $1,632 |
| 20 | Fort Worth | $1,621 |
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Annual rates are approximated as the specific garaging location can influence price quotes considerably.
The make and model of vehicle on the policy is a large factor when consumers are trying to find the best auto insurance for drivers requiring a SR22. Vehicles with high performance engines, a lack of safety features, or a high likelihood of having liability claims will cost much more to insure than more modest models.
The data below features coverage prices for a selection of the most budget-friendly automobiles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $3,212 |
| Ford Escape XLT 2WD | $3,345 |
| Honda Accord EX-L 4-Dr Sedan | $3,529 |
| Toyota Prius | $3,602 |
| Toyota Tacoma 4WD | $3,629 |
| Volkswagen Jetta 2.0T Station Wagon | $3,631 |
| Ford Edge SE 2WD | $3,743 |
| Chevrolet Impala LS | $3,766 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $3,786 |
| Chevrolet Equinox LT 2WD | $3,803 |
| Ford Focus SE 4-Dr Sedan | $3,914 |
| Nissan Altima 2.5 4-Dr Sedan | $3,916 |
| Dodge Grand Caravan Hero | $3,921 |
| Toyota RAV4 Sport 4WD | $3,916 |
| Ford F-150 Lariat Super Cab 4WD | $3,955 |
| Chevrolet Malibu Hybrid | $3,957 |
| Jeep Grand Cherokee Laredo 2WD | $3,966 |
| Toyota Corolla LE | $3,976 |
| Hyundai Elantra SE 4-Dr Sedan | $3,982 |
| Ford Explorer Limited 2WD | $4,000 |
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Premium data assumes single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Estimates do not factor in specific zip code location which can change coverage prices greatly.
Based upon the table data, you can see that models like the Honda CR-V, Ford Escape, and Honda Accord are most likely to be a few of the more affordable vehicles to insure for high risk drivers. Prices will be more costly because of the fact that there is more risk for drivers requiring a SR22, but overall those particular models will probably have the lowest insurance rates compared to all other vehicles.
Accidents and violations increase rates
The ideal way to obtain low insurance rates in Fort Worth for high risk drivers is to drive cautiously and not get tickets or have accidents. The example below highlights how speeding tickets and at-fault accidents can drive up premium costs for different age groups of insureds. The data is based on a single female driver, full coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of an auto insurance policy in Texas per year with no accidents and a clean driving record is $2,067. Receive two speeding tickets and the average cost rises to $2,783, an increase of $715 each year. Now throw in two accidents along with the two speeding tickets and the yearly cost of insurance for drivers requiring a SR22 jumps again to an average of $5,316. That’s an increase of $3,248, or $271 per month, just for not driving safely!
Discounts on Fort Worth insurance
Insurers that offer coverage for drivers requiring a SR22 could also offer policy discounts that may potentially lower prices by as much as 35% or more if you are eligible for them. Large insurance companies and a selection of discounts are shown below.
- State Farm includes discounts for good student, student away at school, defensive driving training, Steer Clear safe driver discount, and anti-theft.
- Progressive may include discounts for online quote discount, homeowner, continuous coverage, multi-policy, and good student.
- Travelers discounts include student away at school, home ownership, IntelliDrive, multi-policy, hybrid/electric vehicle, and early quote.
- American Family may have discounts that include bundled insurance, early bird, multi-vehicle, defensive driver, and TimeAway discount.
- Liberty Mutual has savings for good student, newly retired, exclusive group savings, hybrid vehicle, new graduate, newly married, and safety features.
The information below visualizes the comparison of car insurance rates with and without discounts applied to the premium. The costs are based on a male driver, two violations and two accidents, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with continuous coverage, vehicle safety, marriage, multiple policy, passive restraint, and paid-in-full discounts applied. When taking advantage of discounts, the average amount saved each year on insurance for drivers requiring a SR22 is 29% or $2,113.
How much more does full coverage cost in Fort Worth?
Finding the cheapest insurance should be important to the majority of drivers, and one of the quickest ways to find cheap insurance for drivers requiring a SR22 is to buy only liability coverage. The illustration below illustrates the difference between premium costs with full coverage and liability only. The prices are based on no violations or claims, $500 deductibles, drivers are not married, and no discounts are applied.
As an overall average, full coverage on your policy costs an additional $1,963 per year more than insuring for liability only. Many drivers may wonder when is it safe to stop buying full coverage. There is no exact formula for dropping physical damage insurance, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your vehicle’s replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after paying your deductible. If it’s costing in excess of $600 a year for your policy with full coverage, then it could be time to drop full coverage.
There are some cases where removing full coverage is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.
Shop around and save
Fort Worth, TX insurance rates are impacted by many things which can significantly increase or decrease the price you pay. Improving your credit score, buying another vehicle, or getting a couple of tickets may prompt premium changes resulting in some companies being much cheaper than others.
In addition, insurers modify pricing multiple times each year to ensure their profitability. Unexpectedly high claims may cause rate hikes, while lower claim expenses may produce more affordable Fort Worth car insurance rates.
The graph below shows the cheapest car insurance in Fort Worth, TX for a 45-year-old male driver with a good driving record, no prior claims, and good financial standing. If we compare prices based on his current situation, Travelers may have the best car insurance rates in Fort Worth at $1,114 annually. This is $790 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remainder of the top five cheapest Fort Worth, TX auto insurance companies.
The example below compares rates after we give the driver from the above example a couple of claims, slightly worse credit, and a blemish on his driving record. Since every insurance provider uses their own formula to set their prices, analyzing rate quotes most likely will result in a new list of the cheapest Fort Worth car insurance companies as shown below.
Mercury now has the cheapest insurance rate in Fort Worth, TX with State Farm, Safe Auto, Nationwide, and USAA also being competitive. This demonstrates why it is crucial to do a thorough rate comparison when trying to find the cheapest car insurance quotes for drivers requiring a SR22.
Insurance rates can be determined by many things and change frequently, so the lowest-price company the last time you checked may now be one of the higher cost companies.
If you prefer to get some guidance when shopping for the best coverage for high risk drivers, the professional agents shown below can probably help you make a decision which is the best policy.
To locate a Fort Worth insurance agent closest to you, click the button below the list.
- Peter Polinsky Insurance Agency
8751 Camp Bowie W Blvd #124 – Fort Worth, TX 76116 – (817) 560-9400 - Bob McCright – State Farm Insurance Agent
6231 Oakmont Blvd – Fort Worth, TX 76132 – (817) 294-9858 - Ricardo Rivera – State Farm Insurance Agent
2516 NE 28th St Ste 124 – Fort Worth, TX 76106 – (817) 945-2900