Wish you could get out of an underperforming, overpriced auto insurance policy? It's a common feeling and many The Colony drivers have buyer's remorse.

Unthinkable but true, nearly 70% of drivers kept their coverage with the same auto insurance company for more than four years, and practically 40% of auto insurance customers have never compared rates with other companies. Consumers in Texas could pocket about 70% a year by just shopping around, but they don't invest the time required to do a rate comparison. Online insurance companies like GEICO and Progressive continually hit you with advertising and it is difficult to ignore the promise of big savings and take the time to shop coverage around.

If you're already insured or are looking for a new policy, use these techniques to save money without reducing coverage. Locating the best rates in The Colony can be much easier if you know how to start. Smart buyers just need to understand the most efficient way to shop their coverage around instantly.

The auto insurance companies shown below are ready to provide price quotes in The Colony, TX. To get cheap auto insurance in Texas, we recommend you compare several of them to get a more complete price comparison.

Insurance Rates for Popular Vehicles in The Colony
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LT 2WD $1,284 $642 $107
Chevrolet Silverado LT Extended Cab 4WD $1,202 $601 $100
Dodge Grand Caravan SXT $1,226 $613 $102
Dodge Ram Quad Cab Sport 2WD $1,542 $771 $129
Ford Escape Limited 2WD $870 $435 $73
Ford F-150 Lariat Crew Cab Platinum 2WD $1,434 $717 $120
Ford Focus SES 4-Dr Sedan $1,326 $663 $111
Ford Fusion Sport 4-Dr Sedan $1,088 $544 $91
Honda Accord LX-P 4-Dr Sedan $1,014 $507 $85
Honda CR-V EX-L 4WD $1,172 $586 $98
Honda Civic LX-S 4-Dr Sedan $1,080 $540 $90
Hyundai Sonata Limited 4-Dr Sedan $1,728 $864 $144
Jeep Grand Cherokee Laredo 2WD $1,634 $817 $136
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,112 $556 $93
Kia Optima SX $1,308 $654 $109
Nissan Altima 2.5 S 2-Dr Coupe $1,442 $721 $120
Toyota Camry SE $1,228 $614 $102
Toyota Corolla XLE $1,186 $593 $99
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Price information does not factor in zip code location which can alter rates noticeably.

Gender-based car insurance rates in The Colony

The information below compares yearly insurance costs for male and female drivers in The Colony. The rates are based on no claims or driving citations, full coverage, $100 deductibles, marital status is single, and no policy discounts are applied on a Ford Focus SE.

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

Choosing deductibles

One of the more difficult decisions when buying car insurance is the level to set your comp and collision deductibles. The comparison tables below can help illustrate the costs and benefits of buying low and high physical damage deductibles. The first price estimate table uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

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

Ford Focus insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Focus S 4-Dr Sedan $286 $592 $382 $22 $114 $1,421 $118
Focus SE 4-Dr Sedan $286 $592 $382 $22 $114 $1,421 $118
Focus SEL 4-Dr Sedan $286 $698 $382 $22 $114 $1,527 $127
Focus SES 4-Dr Sedan $286 $698 $382 $22 $114 $1,527 $127
Focus SE 2-Dr Coupe $328 $698 $430 $26 $128 $1,635 $136
Focus SES 2-Dr Coupe $328 $698 $430 $26 $128 $1,635 $136
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Ford Focus insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Focus S 4-Dr Sedan $158 $312 $382 $22 $114 $988 $82
Focus SE 4-Dr Sedan $158 $312 $382 $22 $114 $988 $82
Focus SEL 4-Dr Sedan $158 $368 $382 $22 $114 $1,044 $87
Focus SES 4-Dr Sedan $158 $368 $382 $22 $114 $1,044 $87
Focus SE 2-Dr Coupe $182 $368 $430 $26 $128 $1,134 $95
Focus SES 2-Dr Coupe $182 $368 $430 $26 $128 $1,134 $95
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Prices do not factor in your specific The Colony location which can lower or raise coverage rates noticeably.

Based on these figures, using a $100 deductible will cost you about $39 more each month or $468 a year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 23 months between claim filings, you would most likely save money going with the higher deductible.

Safe drivers pay cheaper rates

The illustration below shows how speeding tickets and at-fault accidents can drive up GMC Acadia insurance costs for different insured age categories. The rate quotes are based on a married female driver, full coverage, $250 deductibles, and no other discounts are factored in.

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

Are you obtaining every discount?

Some providers don't necessarily list their entire list of discounts very clearly, so the next list breaks down some of the best known as well as the least known insurance savings.Discount insurance

You should keep in mind that many deductions do not apply to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. Despite the appearance that you could get a free insurance policy, nobody gets a free ride.

A few of the larger companies and a summarized list of policyholder discounts can be found below.

If you want cheap The Colony car insurance quotes, ask each company which discounts you may be entitled to. All car insurance discounts might not be offered on policies in The Colony. To see insurance companies with discount insurance rates in The Colony, click this link.

What impacts The Colony insurance premiums?

Many different elements are part of the calculation when premium rates are determined. Some are pretty understandable like your driving record, but others are not as apparent such as your marital status and annual miles driven. The best way to find cheaper car insurance is to take a look at the factors that play a part in calculating your premiums. When consumers understand what determines base rates, this allows you to make good choices that will entitle you to big savings.

Youthful drivers cost more - Older insureds are more responsible, tend to cause fewer accidents, and are safer drivers.Teenage drivers are known to be inattentive and easily distracted with other occupants in the car and because of this, their car insurance rates are much higher.

Drive less and get lower premiums - Driving a lot of miles annually the higher your rate. A lot of insurance companies calculate rates based on their usage. Autos that do not get driven very much qualify for better rates as compared to vehicles used primarily for driving to work. Make sure your car insurance coverage states annual mileage, because improper ratings can cost you money.

Bad drivers pay high premiums - Attentive drivers get better rates as compared to those with violations. Having a single ticket may increase your cost to the point where it's not affordable. Drivers who have careless tickets like DWI, reckless driving or hit and run convictions may find they need to complete a SR-22 with their state DMV in order to prevent a license revocation.

Influences performance influences rates - The make and model of the car, truck or SUV you need to insure makes a significant difference in your premium level. The best insurance prices will generally be found on small economy passenger vehicles, but the final cost of insurance is determined by many other factors.

It may be expensive, but it's not optional

Despite the high cost of buying insurance in The Colony, maintaining insurance is a good idea for several reasons.

The benefits of carrying enough insurance are without a doubt worth the cost, particularly if you ever have a claim. The average driver in America overpays more than $850 per year so you should quote rates once a year at a minimum to ensure rates are competitive.

Vehicle claim statistics

Which vehicles have good claim ratings? The following statistics show the highest and lowest models for likelihood of having large claims for each type of coverage.

Vehicles with the Lowest and Highest Comprehensive Claims
Lowest Claims Highest Claims
Volvo V60 Bentley Continental GTC
Chevy Spark Audi S7
Ford F-350 BMW M6
GMC Sierra 2500 Maserati Granturismo
Nissan Leaf Bentley Continental GT
Infiniti QX50 Porsche Panamera GTS

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

Vehicles with the Lowest and Highest Car Insurance Liability Claims
Lowest Claims Highest Claims
Acura MDX Chevrolet Impala
Subaru Forester Chrysler 200
Mercedes-Benz SL Class Chevrolet Cruze
Fiat 500 Dodge Charger
Chevrolet Corvette Mitsubishi Mirage
Audi A6 Chevrolet Sonic

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

Collision Insurance Claims by Vehicle Model
Lowest Claims Highest Claims
Chevrolet Colorado Bentley Continental Flying Spur
Nissan Xterra Maserati Granturismo
Ford F-250 SuperCab Ferrari 458
Mini Cooper Audi RS7
Smart ForTwo Bently Continental GTC
GMC Canyon Nissan GT-R

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

Medical Payment Claims by Vehicle
Lowest Claims Highest Claims
Chevrolet Corvette Hyundai Accent
Ford F-250 SuperCrew Chrysler 200
Chevrolet Silverado 3500 Mitsubishi Lancer
Ford Expedition Chevrolet Spark
Tesla Model S Kia Forte
Ford F-350 SuperCrew Nissan Versa

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

A conclusion for your car insurance search

When trying to cut insurance costs, it's a bad idea to reduce coverage to reduce premium. There are a lot of situations where an accident victim reduced collision coverage and found out when filing a claim that it was a big mistake. Your strategy should be to get the best coverage possible at the best possible price while still protecting your assets.

In this article, we covered many ways to save on car insurance in The Colony. It's most important to understand that the more quotes you get, the higher the chance of saving money. You may even discover the biggest savings come from the least-expected company. Some small companies often have lower auto insurance rates on specific markets as compared to the big name companies such as GEICO and State Farm.

Much more information about car insurance in Texas is available at these links: