Nobody fancies paying their premiums for insurance, especially when they know they could get a better deal.

Unfortunately, the vast majority of Texas insurance customers kept their coverage with the same insurance company for over three years, and just short of a majority have never even shopped around for cheaper coverage. U.S. consumers can save hundreds of dollars each year by just comparing quotes, but they think it's difficult to compare rates. Companies like GEICO, 21st Century and Progressive all claim big savings with catchy ads and it is difficult to avoid their marketing magic and effectively compare rates to find the best deal.

The following companies are our best choices to provide free rate quotes in Gainesville, TX. If you want to find the best auto insurance in Texas, we suggest you visit two to three different companies to get a more complete price comparison.

Insurance Rate Estimates for Popular Vehicles in Gainesville
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Crew Cab 4WD $1,410 $705 $118
Chevrolet Silverado LT Extended Cab 4WD $1,456 $728 $121
Dodge Ram Quad Cab SLT 2WD $1,360 $680 $113
Ford Edge Sport AWD $1,264 $632 $105
Ford Escape XLS 4WD $834 $417 $70
Ford F-150 Lariat Crew Cab Harley 2WD $1,378 $689 $115
Ford Focus SEL 4-Dr Sedan $1,098 $549 $92
Honda Accord LX 4-Dr Sedan $950 $475 $79
Honda CR-V EX-L 2WD $1,142 $571 $95
Honda Civic EX 4-Dr Sedan $934 $467 $78
Honda Odyssey EX-L W/Rear Entertainment $952 $476 $79
Hyundai Sonata GLS 4-Dr Sedan $1,426 $713 $119
Nissan Altima 3.5 SR 4-Dr Sedan $1,374 $687 $115
Toyota Camry LE $1,202 $601 $100
Toyota Corolla S $1,410 $705 $118
Volkswagen Jetta S 2.5 Station Wagon $1,074 $537 $90
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate information does not factor in specific location which can revise coverage rates significantly.

Full coverage rates compared to liability only

The illustration below illustrates the difference between Chevrolet Malibu insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The price estimates are based on no tickets, no at-fault accidents, $250 deductibles, married male driver, and no policy discounts are applied.

Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.

When to eliminate full coverage

There is no written rule to drop full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's pretend your Chevrolet Malibu claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after paying your policy deductible. If you are paying more than $500 annually for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some circumstances where buying only liability insurance is not in your best interest. If you still have a loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Age, gender, and differences in insurance rates

The illustration below shows the comparison of insurance costs for male and female drivers in Gainesville. The premium estimates are based on no violations or accidents, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are applied to the premium on a Ford Focus S.

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

Discounts to earn lower Gainesville auto insurance rates

Car insurance can cost a lot, but you may be missing some discounts that may help make it more affordable. Certain reductions will be credited when you get a quote, but lesser-known reductions have to be asked about prior to receiving the credit.Discount auto insurance

Drivers should understand that some credits don't apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. Despite the appearance that adding up those discounts means a free policy, you won't be that lucky. Any qualifying discounts should help lower the premium cost.

To view auto insurance companies that offer the discounts shown above in Gainesville, click this link.

Why you might pay higher rates in Gainesville

Consumers need to have an understanding of the factors that aid in calculating the rates you pay for car insurance. If you know what determines premiums, this allows you to make educated decisions that can help you get big savings.

The items below are most of the major factors utilized by car insurance companies to help set premiums.

Car insurance claims by make and model

Are you driving a high-claim vehicle? The data below show the highest and lowest vehicle makes and models for the probability of filing claims for each type of coverage listed.

Car Insurance Comprehensive Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Ford F-350 Maserati Granturismo
Volvo V60 Porsche Panamera GTS
Nissan Xterra BMW M6
Chevy Silverado 2500 Mercedes-Benz S Class
Nissan Leaf Bentley Continental GTC
Chevy Spark BMW M6

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

Bodily Injury Liability Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Subaru Forester Mitsubishi Mirage
Volvo XC60 Chrysler 200
Audi A6 Mitsubishi Lancer
Chevrolet Corvette Kia Optima
Subaru Outback Chevrolet Cruze
Mercedes-Benz SL Class Dodge Charger

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

Manufacturer Models with the Lowest and Highest Car Insurance Collision Claims
Lowest Claim Amount Highest Claim Amount
Mini Cooper Audi RS7
Chevrolet Colorado Bently Continental GTC
Jeep Wrangler Bentley Continental Flying Spur
Ford F-250 SuperCab Ferrari 458
Nissan Xterra BMW 6 Series
Ford Edge BMW M6

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

Lowest and Highest Auto Insurance Medical Payment Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Chevrolet Corvette Chevrolet Spark
Ford F-250 SuperCrew Nissan Sentra
Ford F-350 SuperCrew Dodge Charger
Ford Expedition Kia Forte
Audi A4 Allroad Nissan Versa
Land Rover Range Rover Sport Chevrolet Sonic

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

Do drivers who switch really save $435 a year?

Consumers in Texas can't ignore all the ads for auto insurance savings from the likes of State Farm, Allstate and GEICO. They all seem to advertise the message that you can save if you move your policy.

How can each company offer drivers better rates? It's all in the words they use.

Many companies have underwriting criteria for the type of insured that is profitable for them. For example, a driver they prefer may need to be a married male, has other policies, and drives less than 5,000 miles a year. A customer getting a price quote who fits that profile is entitled to the best price as well as pay quite a bit less when switching companies.

Potential customers who do not meet these stringent criteria will be quoted a higher rate which usually ends up with the customer not buying. Company advertisements say "people who switch" not "everybody who quotes" will save that much if they switch. That's the way insurance companies can lure you into getting a quote. Because of the profiling, it is so important to get a wide range of price quotes. You cannot predict which company will have the lowest premium rates for your situation.

Cheap coverage is out there

As you prepare to switch companies, make sure you don't buy poor coverage just to save money. There are too many instances where an insured cut uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy a smart amount of coverage at the best price, but do not skimp to save money.

We just covered a lot of tips how to compare insurance prices in Gainesville. The key concept to understand is the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the lowest priced insurance comes from an unexpected company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or GEICO.

Much more information about insurance in Texas is available at the links below