No one in their right mind fancies paying their premiums for insurance, in particular when they are paying too much.

Surprisingly, a recent survey revealed that most consumers in Texas kept buying from the same company for more than four years, and practically 40% of insurance customers have never even compared rates from other companies. Drivers in the U.S. could pocket almost $859 a year just by getting comparison quotes, but they just don't understand how much savings they would realize if they switch to a new company. Vehicle owners have multiple insurers to insure vehicles with, and even though it's nice to have a selection, lots of choices makes it harder to compare rates.

The best way we recommend to compare policy rates is to know all the major auto insurance companies provide online access to compare their rates. To get started, all you need to do is take a few minutes to give details such as if you lease or own, your education level, how old drivers are, and distance driven. The data is instantly sent to many different companies and they return quotes instantly to find the best rate.

To compare multiple company rates now, click here and find out if lower rates are available in Gatesville.

The car insurance companies shown below are ready to provide comparison quotes in Texas. If multiple companies are listed, we suggest you compare several of them to find the cheapest car insurance rates.

Insurance Price Estimates for Popular Vehicles in Gatesville
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Malibu LTZ $1,626 $813 $136
Chevrolet Silverado Crew Cab Hybrid 2WD $1,110 $555 $93
Dodge Ram Crew Cab SLT 2WD $1,096 $548 $91
Ford Escape Limited 4WD $1,238 $619 $103
Ford F-150 Lariat Super Cab 2WD $1,008 $504 $84
Ford Focus SES 2-Dr Coupe $1,194 $597 $100
Honda Accord EX-L 2-Dr Coupe $1,554 $777 $130
Honda CR-V EX 4WD $1,098 $549 $92
Honda Civic DX 4-Dr Sedan $1,000 $500 $83
Hyundai Sonata GLS 4-Dr Sedan $1,400 $700 $117
Nissan Altima Hybrid 4-Dr Sedan $1,278 $639 $107
Toyota Camry SE $1,588 $794 $132
Toyota Corolla XRS $1,434 $717 $120
Toyota Prius $1,102 $551 $92
Toyota RAV4 2WD $1,142 $571 $95
Volkswagen Jetta 2.0T Station Wagon $1,320 $660 $110
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Prices do not factor in zip code location which can modify price quotes significantly.

Analysis of deductible levels

When buying car insurance, a common question is how high should the physical damage deductibles be. The rates shown below may help you to understand the premium difference between low and high coverage deductibles. The first price estimate table uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

GMC Acadia insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Acadia SL 2WD $286 $486 $382 $22 $114 $1,315 $110
Acadia SL AWD $328 $486 $382 $22 $114 $1,357 $113
Acadia SLE 2WD $328 $486 $382 $22 $114 $1,357 $113
Acadia SLE AWD $328 $592 $382 $22 $114 $1,463 $122
Acadia SLT 2WD $328 $592 $382 $22 $114 $1,463 $122
Acadia SLT AWD $370 $592 $382 $22 $114 $1,505 $125
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GMC Acadia insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Acadia SL 2WD $208 $328 $382 $22 $114 $1,054 $88
Acadia SL AWD $240 $328 $382 $22 $114 $1,086 $91
Acadia SLE 2WD $240 $328 $382 $22 $114 $1,086 $91
Acadia SLE AWD $240 $400 $382 $22 $114 $1,158 $97
Acadia SLT 2WD $240 $400 $382 $22 $114 $1,158 $97
Acadia SLT AWD $270 $400 $382 $22 $114 $1,188 $99
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rate information does not factor in garaging location in Gatesville which can impact auto insurance rates noticeably.

Based on these figures, using a $100 deductible costs roughly $24 more each month or $288 annually than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you average at a minimum 17 months between claims, you would save more money if you choose a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $118
Average monthly premium for $500 deductibles (subtract): - $94
Monthly savings from raising deductible: $24
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important note is that a higher deductible level means you will have to cover more of the damage yourself at claim time. That will necessitate access to more funds in order to pay the deductible for vehicle repair.

Illustration showing the impact of accidents and violations

The illustration below illustrates how violations and at-fault claims can influence Honda Accord annual premium costs for different ages of insureds. The costs are based on a single male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.

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

Discounts to earn lower Gatesville auto insurance rates

Some providers don't always advertise every available discount in a way that's easy to find, so we researched both the well known as well as the least known discounts that may be available.Cheaper auto insurance with discounts

It's important to note that most discounts do not apply to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. Even though it may seem like you could get a free auto insurance policy, companies don't profit that way. Any qualifying discounts should help reduce your policy premium.

A few popular companies and their possible discounts can be read below.

Before purchasing a policy, check with every company which discounts you may be entitled to. Some discounts might not be available to policyholders in Gatesville. To find companies with significant discounts in Texas, click this link.

Six things that impact your rates

Part of the car insurance buying process is learning the different types of things that help determine your policy premiums. If you understand what determines premiums, this helps enable you to make changes that can help you get big savings. Many different elements are used in the calculation when you get a price on insurance. Some are obvious such as traffic violations, but some are not as apparent like your continuous coverage or how financially stable you are.

Decrease car insurance rates by maintaining coverage - Driving your car without having proper coverage is illegal and you will pay a penalty because you let your coverage cancel without a new policy in place. And not only will insurance be more expensive, not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license. You may have to provide proof of insurance in the form of an SR-22 filing with the Texas DMV.

Your career may increase rates - Did you know your career choice can influence rates? Occupations like lawyers, airline pilots, and financial analysts tend to pay the highest rates attributed to intense work-related stress and extremely grueling work hours. Conversely, occupations like professors, students and performers pay lower than average rates.

Mileage impacts prices - The higher the miles on your car annually the higher your rate. Many insurance companies charge to insure your cars based upon how you use the vehicle. Autos that have low annual miles receive lower rates than those that get driven frequently. Ask your agent if your car insurance coverage states the correct driver usage.

Poor credit history equals high costs - Having a good credit history is a big factor in determining what you pay for car insurance. Drivers who have high credit scores tend to be less risk to insure than drivers with bad credit. If your credit history is low, you could be paying less to insure your vehicle by spending a little time repairing your credit.

Cars with good safety ratings means better car insurance rates - Cars with five star safety ratings tend to have better insurance rates. Vehicles built for safety reduce the chance of injuries and better occupant protection means less claims paid and more competitive rates for policyholders. If your vehicle has at least four stars on Safercar.gov you may be receiving a better rate.

Too many claims drive up rates - If you tend to file frequent claims, you shouldn't be surprised to get increased rates or even have your policy non-renewed. Companies in Texas award most affordable rates to drivers who file claims infrequently. Insurance coverage is meant to be used in the event of major claims that would cause financial hardship.

Insurance protects more than just your car

Despite the high insurance cost in Gatesville, maintaining insurance is most likely required but also gives you several important benefits.

The benefits of having insurance definitely exceed the price paid, particularly for liability claims. The average driver in Texas is currently overpaying as much as $750 every year so shop around every year to ensure rates are competitive.

In the end, you can save money

Cost effective car insurance can be bought online and with local Gatesville insurance agents, so you should compare both to get a complete price analysis. Some insurance companies do not provide the ability to get quotes online and many times these smaller providers sell through independent insurance agents.

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. In too many instances, someone dropped full coverage only to find out that the savings was not a smart move. The ultimate goal is to buy a smart amount of coverage at the lowest possible cost, but do not skimp to save money.

Throughout this article, we presented quite a bit of information on how to find cheaper coverage online. The key concept to understand is the more rate comparisons you have, the better likelihood of getting inexpensive Gatesville car insurance quotes. You may even discover the lowest prices are with a company that doesn't do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or GEICO.

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