The car, truck, or SUV requiring coverage is probably the biggest factor when comparing the lowest-priced car insurance for drivers with a bad driving record. Vehicles with high performance, a lack of advanced safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more economical and safe models.
The list below estimates insurance prices for some of the most affordable vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$3,627|
|Ford Escape XLS 4WD||$3,798|
|Hyundai Elantra GLS Touring Station Wagon||$3,803|
|Honda CR-V EX-L 4WD||$3,940|
|Ford F-150 XL Regular Cab 4WD||$4,102|
|Jeep Wrangler Sport 4WD 2-Dr||$4,134|
|Ford Focus S 4-Dr Sedan||$4,254|
|Chevrolet Equinox LS AWD||$4,296|
|Toyota Camry LE||$4,303|
|Toyota RAV4 Limited 2WD||$4,296|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$4,337|
|Nissan Altima 2.5 S 4-Dr Sedan||$4,489|
|Volkswagen Jetta SEL 4-Dr Sedan||$4,530|
|Ford Edge SEL 2WD||$4,558|
|Dodge Grand Caravan Crew||$4,656|
|Honda Civic LX 4-Dr Sedan||$4,665|
|Ford Explorer Eddie Bauer AWD||$4,656|
|Chevrolet Silverado LS Regular Cab 2WD||$4,742|
|Ford Fusion SEL 4-Dr Sedan||$4,745|
|Chevrolet Malibu LTZ||$4,751|
|GMC Sierra SL Crew Cab 2WD||$4,745|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$4,788|
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Data variables include single female driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Prices do not factor in Texas location which can raise or lower price quotes significantly.
Looking at the rates, we can infer that models like the Honda Accord, Ford Escape, Hyundai Elantra, and Toyota Prius are most likely to be a few of the most affordable vehicles to insure for bad drivers. Auto insurance rates will tend to be more expensive just due to the fact that there is more inherent risk for drivers with a bad driving record, but in general those vehicles will most likely have the best rates compared to all other vehicles.
One of the many components that help determine the amount you pay for auto insurance is where you choose to live in Texas. Larger areas like McAllen, Brownsville, and Amarillo will most likely have higher rates, whereas more rural areas benefit from lower prices.
The illustration below sorts the most expensive areas in Texas for drivers with a bad driving record to purchase car insurance in.
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Premium amounts are comparative as the specific Texas residence address can modify rates substantially.
The diagram below illustrates how your deductible choice can affect insurance costs when getting quotes for cheap insurance for drivers with a bad driving record in Texas. The price estimates are based on a married male driver, full coverage, and no discounts are applied.
A 50-year-old driver could reduce rates by $358 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $540 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could roll back prices $1,206 every year by selecting a higher deductible.
If you make the decision to raise deductibles, it will be important to have emergency funds available to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Selecting the right auto insurance provider can be challenging considering how many different companies there are to choose from in Texas. The rank data displayed below may help you decide which companies you want to consider to insure your vehicles.
These ratings include the largest companies in the United States, so companies that only write business in Texas or surrounding areas will not be included in these rankings. To get price quotes from these and other companies in Texas, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Comparison of full coverage and liability-only policies
Reducing premiums for auto insurance should be important to most vehicle owners, and one of the quickest ways to buy cheaper insurance for drivers with a bad driving record in Texas is to not buy full coverage. The chart below visualizes the comparison of insurance rates with full coverage and liability only. The information is based on no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied to the premium.
If we average the cost for ages 20 through 70, physical damage insurance costs $2,429 per year more than buying just liability insurance. That is a large expense which might make you wonder if physical damage coverage is worth the money. There isn't a written rule that is best for determining when to drop full coverage, but there is a broad guideline. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let's say your vehicle's settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after you pay the deductible. If it's costing in excess of $500 a year for full coverage, then it may be the right time to buy liability only.
There are some cases where eliminating full coverage is not a good plan. If you haven't satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Tips for finding the cheapest auto insurance for drivers with a bad driving record in Texas
Here are many thrifty solutions that can help drivers quote more affordable coverage.
- Avoid having at-fault accidents
- Good credit can save money
- Assess whether full coverage is needed
- Insure your home and auto with the same company
- Vehicles with safetly features generally cost less to insure
- Ensure you have the best deal by shopping around regularly
The last item on the list is incredibly significant, as we stressed in this write-up. Car insurance prices go up and down frequently, so don't be afraid to buy from a different company if you can find a cheaper rate. Sticking with a specific company is fine, but it's not recommended if that loyalty results in overpaying a considerable chunk of change every month. Now is a great time to shop around to find cheaper insurance for drivers with a bad driving record.