How many times have you said it's time to compare more affordable auto insurance rates in Wylie, TX? If shopping for Wylie auto insurance quotes online is new to you, it's easy to be bewildered by the vast assortment insurance agents and companies that all promise to save you money.

Shocking but true, about 70% of customers kept buying from the same company for at least four years, and approximately 40% of consumers have never compared auto insurance rates at all. With the average premium in America being $1,847, drivers could save as much as 47% a year by just shopping around, but they don't believe how much money they would save if they switched to a more affordable policy.

You should make it a habit to do rate comparisons on a regular basis due to the fact that insurance prices are adjusted regularly by insurance companies. Even if you think you had the best rate on auto insurance at your last renewal other companies may now be cheaper. Block out anything you think you know about auto insurance because you're going to get a crash course in one of the quickest ways to lower your annual insurance bill.

Locating the best insurance company for you in Wylie can be easy if you know a few tricks. If you have insurance now, you will definitely be able to reduce premiums using these tips. But Texas drivers can benefit from knowing how insurance companies price online insurance and use it to your advantage.

The best way to compare car insurance company rates is to know all the major auto insurance companies participate in online systems to provide you with free rate quotes. All consumers are required to do is provide a small amount of information like how much education you have, types of safety features, whether your vehicle is owned or leased, and your occupation. Your rating data gets transmitted to insurance carriers in your area and they respond with quotes with very little delay.

If you would like to compare rates now, click here and enter your zip code.

The companies shown below can provide quotes in Texas. If multiple companies are listed, we suggest you compare several of them to get the most affordable price.

Insurance Cost Estimates for Popular Vehicles in Wylie
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LT $1,456 $728 $121
Chevrolet Silverado LS Crew Cab 2WD $1,326 $663 $111
Dodge Grand Caravan Hero $1,120 $560 $93
Dodge Ram Quad Cab TRX4 Off Road 2WD $1,640 $820 $137
Ford Edge Limited 2WD $1,224 $612 $102
Ford Escape XLT 2WD $1,144 $572 $95
Ford F-150 Lariat Crew Cab Platinum 4WD $1,408 $704 $117
Ford Focus SES 2-Dr Coupe $1,296 $648 $108
Honda Accord EX-L 2-Dr Coupe $1,518 $759 $127
Honda CR-V EX 4WD $1,264 $632 $105
Honda Civic DX 4-Dr Sedan $1,042 $521 $87
Hyundai Elantra GLS Touring Station Wagon $1,016 $508 $85
Hyundai Sonata GLS 4-Dr Sedan $1,242 $621 $104
Nissan Altima 3.5 SR 4-Dr Sedan $1,402 $701 $117
Toyota Camry SE $1,186 $593 $99
Toyota Corolla XRS $1,214 $607 $101
Toyota Tacoma Double Cab 4WD $1,024 $512 $85
Volkswagen Jetta S 2.5 Station Wagon $1,072 $536 $89
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Information does not factor in vehicle location which can alter insurance rates considerably.

How high should deductibles be?

One of the hardest decisions when shopping for auto insurance is where should you set your physical damage deductibles. The following tables determine the rate differences when you buy lower versus higher physical damage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second rate chart uses a $1,000 deductible.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Honda Accord insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $256 $408 $324 $20 $96 $1,129 $94
Accord LX 4-Dr Sedan $256 $408 $324 $20 $96 $1,129 $94
Accord EX 4-Dr Sedan $256 $408 $324 $20 $96 $1,129 $94
Accord LX-P 4-Dr Sedan $256 $408 $324 $20 $96 $1,129 $94
Accord LX-P 4-Dr Sedan $256 $408 $324 $20 $96 $1,129 $94
Accord EX-L 4-Dr Sedan $294 $496 $324 $20 $96 $1,255 $105
Accord EX 2-Dr Coupe $294 $584 $430 $26 $128 $1,487 $124
Accord LX-S 2-Dr Coupe $294 $584 $430 $26 $128 $1,487 $124
Accord EX-L 2-Dr Coupe $332 $584 $430 $26 $128 $1,525 $127
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Honda Accord insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord LX 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord EX 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord LX-P 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord LX-P 4-Dr Sedan $158 $256 $324 $20 $96 $854 $71
Accord EX-L 4-Dr Sedan $182 $312 $324 $20 $96 $934 $78
Accord EX 2-Dr Coupe $182 $368 $430 $26 $128 $1,134 $95
Accord LX-S 2-Dr Coupe $182 $368 $430 $26 $128 $1,134 $95
Accord EX-L 2-Dr Coupe $206 $368 $430 $26 $128 $1,158 $97
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price information does not factor in garaging location in Wylie which can modify auto insurance rates greatly.

Using the data above, we can ascertain that using a $250 deductible costs roughly $26 more each month or $312 each year than opting for the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 29 months between claims, you would come out ahead going with the higher deductible. The numbers below show the way we made this calculation.

Average monthly premium for $250 deductibles: $106
Average monthly premium for $1,000 deductibles (subtract): - $80
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

Difference between liability only and full coverage rates

The example below shows the comparison of Ford Focus insurance costs with full coverage and liability only. The rate quotes are based on no claims or driving citations, $500 deductibles, single male driver, and no discounts are applied to the premium.

Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.

When to buy liability coverage only

There is no definitive guideline to stop paying for full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the vehicle's replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let's pretend your Ford Focus replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $8,000 after you pay the deductible. If you are paying over $800 a year for full coverage, then it may be the right time to buy liability only.

There are a few situations where buying only liability insurance is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in case of an accident, you should not eliminate full coverage.

Impact of careless driving on car insurance rates

The information below illustrates how traffic citations and at-fault collisions can raise Honda Civic insurance costs for different categories of driver ages. The premium estimates are based on a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.

Wylie auto insurance discounts

Companies do not list every available discount in an easy-to-find place, so the list below contains a few of the more common as well as the least known credits that you can use to lower your rates.Auto insurance discounts

Discounts lower rates, but most credits do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like all those discounts means the company will pay you, you aren't that lucky.

Companies and their offered discounts are detailed below.

If you are trying to find inexpensive Wylie auto insurance quotes, ask each company or agent which credits you are entitled to. Discounts may not apply to policies in your state.

Insurance agent or online?

Some people still prefer to sit down with an agent. The best thing about price shopping on the web is the fact that you can find cheap rate quotes and still have an agent to talk to.

Insurance agency in WylieAfter completing this short form, your information is immediately sent to insurance agents in Wylie who can give free rate quotes for your insurance coverage. You don't have to search for any insurance agencies because prices are sent to you. You'll get the best rates without the usual hassles of price shopping. If for some reason you want to get a comparison quote from a particular provider, you just need to navigate to their website and submit a quote form there.

Finding a good insurer should include more criteria than just a cheap price quote. Any agent in Wylie should be willing to answer these questions.

Two different types of auto insurance agents

When looking for local Wylie agents, it's important to understand the different types of agents to choose from. Auto insurance agencies can be categorized as either exclusive or independent (non-exclusive).

Exclusive Auto Insurance Agencies

These type of agents work for only one company such as Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot give you multiple price quotes so if the price isn't competitive there isn't much they can do. These agents are very knowledgeable in insurance sales which helps them compete with independent agents. Drivers often purchase coverage from exclusives mainly due to high brand loyalty and the convenience of having a single billing for all their coverages.

Independent Agencies or Brokers

Agents in the independent channel often have affiliation with several companies so as a result can place your coverage with any number of different companies and potentially find a lower price. If they quote lower rates, they simply switch companies in-house and you won't have to switch agencies. If you are comparing rate quotes, you need to get rate quotes from at least one independent agent for maximum quote selection. They also have the ability to place coverage with mutual insurance companies which can save you money.

Buy cheap auto insurance with these tips

Consumers need to have an understanding of the different types of things that help determine your auto insurance rates. If you have a feel for what impacts premium levels, this empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

Why you need auto insurance

Despite the high cost, insurance is not optional due to several reasons.

The benefits of insuring your car definitely exceed the cost, specifically if you ever have a liability claim. On average, a vehicle owner in Wylie is overpaying over $800 each year so shop around at least once a year to make sure the price is not too high.

Car insurance claim information

What vehicles have the most claims? The data below show the worst and best vehicle models for the probability of having claims orgainized by coverage.

Car Insurance Comprehensive Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Ford F-350 Maserati Quattroporte
Infiniti QX50 Audi S7
Smart ForTwo Bentley Continental GTC
Chevy Silverado 2500 Mercedes-Benz S Class
Nissan Leaf Maserati Granturismo
Nissan Xterra BMW M6

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Bodily Injury Liability Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Acura MDX Kia Rio
Chevrolet Corvette Chrysler 200
Subaru Forester Mitsubishi Mirage
Volvo XC60 Dodge Charger
Audi A6 Kia Optima
Fiat 500 Chevrolet Sonic

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicle Models with the Lowest and Highest Medical Payment Coverage Claims
Lowest Claim Amount Highest Claim Amount
Tesla Model S Nissan Versa
Land Rover Range Rover Sport Chevrolet Spark
Ford F-250 SuperCrew Mitsubishi Lancer
Chevrolet Silverado 3500 Hyundai Accent
Ford F-350 SuperCrew Chevrolet Sonic
Ford Expedition Mitsubishi Mirage

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
GMC Canyon Audi RS7
Chevrolet Colorado BMW M6
Smart ForTwo BMW 6 Series
Nissan Xterra Bently Continental GT
Mini Cooper Ferrari 458
Ford F-250 SuperCab Nissan GT-R

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Cover all your bases

We just covered many tips how you can lower your insurance prices in Wylie. The key concept to understand is the more companies you get rates for, the better your chances of lowering your rates. You may even be surprised to find that the most savings is with a company that doesn't do a lot of advertising.

Consumers who switch companies do it for a number of reasons such as delays in paying claims, questionable increases in premium, being labeled a high risk driver and high prices. Regardless of your reason for switching companies, switching insurance companies can be pretty painless.

There are still a few companies who don't offer rate quotes online and many times these small, regional companies work with independent agents. Cheaper insurance in Wylie is available on the web and from local insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates.

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