Wouldn't it be easy if we could look into our crystal ball and tell you the company that has the cheapest car insurance rates for low mileage drivers? Unfortunately, it's not that simple as there are many unknown elements like if you are a homeowner or renter, whether you are married or single, when you were born, and the number of miles you drive each year, that all have an effect on the price. The content below covers the best ways to avoid overpriced car insurance and hopefully give you enough understanding to have a good start in finding the cheapest car insurance in Texas.
Determining which company quotes the lowest-priced insurance rates for low mileage drivers in Texas requires a tad more effort in order to find the lowest price.
Each auto insurer uses different criteria to determine rates, so let's take a look at the insurance companies with the most affordable rates in Texas. It's a good idea to know that Texas insurance rates are impacted by many things that may substantially change the price you have to pay for coverage. Simply improving your credit, marrying your spouse, or getting caught speeding can produce rate changes that can cause some rates to be more affordable than the competition.
Best Cheap Insurance Rates in Texas
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
|Get Personalized Rates Go|
Travelers may have some of the most affordable car insurance rates in Texas at around $1,052 per year. This is $852 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheapest Texas car insurance companies.
In the above example, if you currently buy coverage from Germania Mutual and switched to USAA, you may see a yearly savings of about $187. Insureds with Esurance may save as much as $312 a year, and California Casualty customers might lower prices by up to $329 a year.
To see how much you can save, click here to start your free quote or click through to the companies below.
Be aware that those policy prices are averages across all insureds and vehicles and and are not figured with a rate discount for low mileage drivers. So the insurer that has the cheapest rates for you may not even be in the top 23 companies in the list above. That's why you need to quote rates from many companies using your own driver information and specific vehicle type.
For infrequent drivers, one of the largest components that are looked at to help calculate car insurance rates is where you keep your vehicle. Areas with high crime rates or more dense population like McAllen, Dallas, and Laredo will most likely pay more, whereas less populated areas benefit from lower rates.
The next table rates the highest-priced areas in Texas for low mileage drivers to buy an auto insurance policy in.
|Rank||City||Premium Per Year|
|Get a Custom Quote Go|
Table data uses approximated as specific location information can alter rates substantially.
Insurance rates are higher with tickets and accidents
The obvious way to snag affordable insurance prices in Texas for infrequent drivers is to drive attentively and avoid accidents and traffic violations. The information below illustrates how traffic citations and accident claims can raise insurance prices for each age group. The data is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
In the previous example, the average cost of auto insurance in Texas per year with a clean driving record and no accidents is $2,393. Get written up for one speeding ticket and the average cost swells to $2,701, an increase of $308 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of insurance for low mileage drivers in Texas jumps again to an average of $3,563. That's an increase of $1,170, or $97 per month, just for not being a responsible driver!
The example below illustrates how your deductible choice can change insurance costs when getting quotes for cheap insurance for low mileage drivers in Texas. The data is based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
The chart above illustrates that a 30-year-old driver could reduce rates by $396 a year by switching from a $100 deductible up to a $500 deductible, or save $598 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old, could possibly save $1,206 every year by using higher deductibles when buying full coverage.
When using a larger deductible, it will now be necessary to have additional savings on hand to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Types of discounts on Texas auto insurance
Insurance companies that provide coverage for low mileage drivers may provide special discounts that can lower rates by as much as 35% if you can meet the requirements. A few of the larger companies and some of their more popular discounts include:
- State Farm may offer discounts for student away at school, Steer Clear safe driver discount, defensive driving training, good student, safe vehicle, multiple autos, and Drive Safe & Save.
- Liberty Mutual offers discounts for exclusive group savings, newly retired, safety features, new graduate, multi-car, and multi-policy.
- American Family offers premium reductions for mySafetyValet, defensive driver, good driver, early bird, TimeAway discount, and air bags.
- Progressive offers discounts including homeowner, continuous coverage, multi-vehicle, online quote discount, and good student.
- Farmers Insurance has discounts for teen driver, homeowner, pay in full, bundle discounts, mature driver, and distant student.
- Auto-Owners Insurance may have discounts that include safe driver, company car, air bags, teen driver, paperless, safe vehicle, and good student.
- SAFECO may include discounts for teen safety rewards, multi-car, drive less, teen safe driver, homeowner, and anti-theft.
The information below compares premium costs with and without discounts applied to the policy premium. The data is based on a male driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with safe-driver, anti-theft, vehicle safety, multiple policy, claim-free, and passive restraint discounts applied. In this example, theamount saved on insurance for low mileage drivers is 28% or $552.
Tips to find cheaper car insurance for low mileage drivers in Texas
Below you'll find many penny-pinching solutions that can help Texas drivers get more affordable coverage.
- You will pay more if you get tickets or have at-fault accidents
- Do not get into accidents that are your fault
- Do not pay for full coverage if not needed
- Increase the comprehensive and collision deductibles on your policy
- Pay for smaller claims out-of-pocket
- Shop around once a year for cheaper rates
The final tip is highly crucial, as was affirmed in this article. Prices charged by auto insurers change constantly, so drivers shouldn't be resistant to switch companies if a cheaper rate is available. Many drivers have brand loyalty and that's fine, but it isn't a good idea if that dedication is costing money that could be going to better use. It takes less than five minutes to compare prices to find cheaper car insurance for low mileage drivers.