Want to know an easy way to compare lower-priced auto insurance rates in Texarkana, TX? If you are new to online auto insurance, you can easily be overwhelmed by the vast assortment of insurance providers that all promise the best rates.
Sadly, almost 70% of insureds kept their coverage with the same auto insurance company for more than four years, and 38% of customers have never quoted rates to find affordable coverage. Many consumers in Texas can save $1,766 each year by just shopping around, but they just assume it takes a lot of time to find affordable insurance by shopping around.
It's smart to compare prices on a regular basis due to the fact that insurance prices trend upward over time. Just because you found the best price on auto insurance two years ago a different company probably has better rates today. You'll find a ton of advice on auto insurance out there, but by reading this article, you're going to learn some tested techniques to lower your auto insurance bill.
If you currently have insurance, you will be able to cut your premiums using the following tips. Locating more affordable protection in Texarkana is easy if you know what you're doing. Nevertheless, Texas car owners need to learn how companies determine premium rates because it can help you find the best coverage.
Car insurance companies offering low-cost rate quotes in Texas
The companies in the list below are ready to provide comparison quotes in Texarkana, TX. To find the best cheap car insurance in Texas, we recommend you compare several of them to find the most affordable car insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Impala LS||$1,318||$659||$110|
|Chevrolet Malibu LTZ||$1,260||$630||$105|
|Chevrolet Silverado Crew Cab Hybrid 2WD||$1,338||$669||$112|
|Dodge Ram Quad Cab Sport 2WD||$1,538||$769||$128|
|Ford Escape XLT 4WD||$1,116||$558||$93|
|Ford F-150 XL Super Cab 4WD||$1,082||$541||$90|
|Ford Focus SEL 4-Dr Sedan||$1,192||$596||$99|
|Ford Fusion Hybrid 4-Dr Sedan||$1,716||$858||$143|
|Honda Accord LX 4-Dr Sedan||$764||$382||$64|
|Honda CR-V EX-L 2WD||$876||$438||$73|
|Honda Civic EX 2-Dr Coupe||$1,660||$830||$138|
|Hyundai Elantra SE 4-Dr Sedan||$1,370||$685||$114|
|Jeep Wrangler Sport 4WD 2-Dr||$1,122||$561||$94|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,636||$818||$136|
|Toyota Camry XLE||$1,064||$532||$89|
|Toyota Corolla XLE||$1,386||$693||$116|
|Toyota Tacoma 2WD||$1,450||$725||$121|
|Get Your Own Custom Quote Go|
Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Estimates do not factor in your specific Texarkana location which can increase or decrease coverage prices noticeably.
Should you raise deductibles?
The chart below illustrates how choosing a deductible and can influence Chevrolet Tahoe premium costs for each different age group. The rate quotes are based on a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.
Rate comparison of full coverage and liability-only
The information below illustrates the comparison of Dodge Ram insurance rates when comparing full coverage to liability only. The costs are based on no accidents, no driving violations, $100 deductibles, single male driver, and no discounts are factored in.
Dodge Ram rates are for example purposes only. To get rates for your specific vehicle, click here.
When to stop buying comprehensive and collision coverage
There is no clear-cut formula to eliminate comp and collision coverage, but there is a general convention. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let's say your Dodge Ram settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after you pay the deductible. If you are paying more than $400 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are some conditions where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
When to drop comprehensive and collision
There is no exact rule to drop comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let's assume your Chevrolet Cruze replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after paying the physical damage deductible. If premium cost is more than $300 annually for physical damage coverage, then you might consider buying liability only.
There are some situations where dropping full coverage is not recommended. If you haven't satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not buy liability only.
Do you qualify for discounts?
Some companies don't always advertise all possible discounts very well, so below is a list both well-publicized and the more hidden ways to save on auto insurance. If they aren't giving you every credit possible, you could be getting lower rates.
- Theft Prevention System - Cars and trucks with anti-theft systems help deter theft and can earn a small discount on your policy.
- Safe Driver Discounts - Drivers who don't get into accidents may save up to 50% more as compared to drivers with claims.
- Discount for Multiple Policies - When you have multiple policies with one insurance company you could get a discount of at least 10% off all policies.
- Paper-free Discount - Some insurance companies give back up to $50 for buying a policy and signing up over the internet.
- Driver Training Discounts - Completing a course that instructs on driving safety could save 5% or more depending on where you live.
- Pay Upfront and Save - If you can afford to pay the entire bill instead of making monthly payments you can avoid monthly service charges.
- Driver's Education for Students - Have your child complete a driver education course as it will make them better drivers and lower rates.
A quick disclaimer, some credits don't apply to the entire policy premium. Some only reduce specific coverage prices like comp or med pay. So when the math indicates all those discounts means the company will pay you, it's just not the way it works.
Popular auto insurance companies and some of their more popular discounts are:
- American Family may include discounts for bundled insurance, early bird, accident-free, good driver, and defensive driver.
- State Farm offers discounts for passive restraint, accident-free, Drive Safe & Save, driver's education, multiple autos, and multiple policy.
- 21st Century offers discounts including theft prevention, good student, driver training, 55 and older, and homeowners.
- Travelers may offer discounts for multi-policy, home ownership, new car, hybrid/electric vehicle, student away at school, multi-car, and IntelliDrive.
- GEICO policyholders can earn discounts including seat belt use, multi-policy, military active duty, five-year accident-free, anti-theft, defensive driver, and anti-lock brakes.
If you need the cheapest Texarkana auto insurance quotes, ask all the companies to apply every possible discount. Depending on the company, some discounts might not be offered on policies in Texarkana.
How your Texarkana rates are determined
An important part of buying insurance is that you know the different types of things that help determine your policy premiums. If you understand what determines premiums, this enables informed choices that could help you find cheaper rates.
What type of car do you drive? - The type of car or truck you drive makes a huge difference in your premium level. Economy passenger vehicles receive the most favorable rates, but that's not the only thing that factors into the final price.
More people means more accidents - Having an address in areas with lower population has it's advantages when talking about auto insurance. Fewer people means less chance of accidents and a lower car theft rate. Urban drivers have congested traffic and longer commute times. Longer commute distances means higher likelihood of an accident.
Qualify for multi-policy discounts - Some insurance companies afford a discount for people who consolidate policies with them in the form of a multi-policy discount. The amount of the discounts can be ten or even up to twenty percent in some cases. Even with this discount, it's still a good idea to get quotes from other companies to confirm you are receiving the best rates possible.There is a good possibility that you can find lower rates even if you insure with multiple companies
Accidents hurt - Careful drivers pay lower auto insurance prices as compared to those with violations. Just one moving violation may increase your cost substantially. People who have serious violations like reckless driving or DUI may be required to submit a SR-22 form with their state in order to legally drive a vehicle.
Consider raising deductibles - Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. A few examples of covered claims would be a broken windshield, vandalism, and damage from a fallen tree branch. The deductibles are the amount of money you are required to pay before your auto insurance pays a claim. The more expense you pay before a claim is paid (deductible), the bigger discount you will receive.
Can you really save if you switch?
Big name companies like Progressive, GEICO, Allstate and State Farm continually stream television, radio, and online ads. All the companies say the same thing that you'll save big if you switch your coverage to them. How can each company make the same claim? You have to listen carefully.
Insurance providers quote their cheapest rates for the driver that will not have excessive claims. An example of a profitable risk profile may need to be over the age of 40, has other policies, and drives less than 5,000 miles a year. A customer who matches that profile is entitled to the best price and is almost guaranteed to save when they switch companies.
Consumers who do not fit the ideal profile will see higher premiums which leads to the customer buying from someone else. If you pay attention, the ads say "drivers that switch" but not "everyone who gets a quote" save that much money. This is how companies can truthfully make claims like that. This really emphasizes why drivers should compare quotes as often as possible. Because without a comparison, you cannot know which insurance company will have the lowest rates for your situation.
The best insurance company isn't always the cheapest
Insureds change insurance companies for a variety of reasons including policy cancellation, policy non-renewal, questionable increases in premium and even poor customer service. Regardless of your reason for switching companies, switching companies is pretty simple and you could end up saving a buck or two.
While you're price shopping online, do not reduce coverage to reduce premium. There have been many situations where consumers will sacrifice liability coverage limits only to find out that it was a big error on their part. The aim is to purchase plenty of coverage at an affordable rate, not the least amount of coverage.
More affordable auto insurance in Texarkana is available online and from local agencies, and you should be comparing both so you have a total pricing picture. A few companies may not offer the ability to get quotes online and these regional insurance providers only sell coverage through local independent agents.
To learn more, feel free to browse these articles:
- What Does No-Fault Insurance Cover? (Allstate)
- Who Has the Cheapest Car Insurance Rates with Multiple Speeding Tickets in Texas? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Honda Civic in Texas? (FAQ)
- What Auto Insurance is Cheapest in Brownsville, Texas? (FAQ)
- Who Has Affordable Car Insurance Quotes for a School Permit in Texas? (FAQ)
- Who Has Cheap Auto Insurance Rates for Teenage Females in Texas? (FAQ)
- Winter Driving (Insurance Information Institute)
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Teen Driving Statistics (GEICO)
- Your Car has been Stolen: Now What? (Allstate)