Want to learn the secrets to finding lower-priced insurance rates in Mineral Wells, TX? Have you fallen victim to an overpriced insurance policy? You're in good company because you're not the only one.

Unthinkable but true, almost 70% of drivers have remained with the same insurance company for four years or more, and just short of a majority have never compared quotes from other companies. With the average premium in Texas being $2,679, drivers can cut their rates by as much as $1,766 a year, but they underestimate how much savings they would realize if they switch to a new company.

Drivers have so many insurers to insure vehicles with, and even though it's nice to be able to choose, lots of choices makes it harder to find the best rates.

Just remember that comparing a wide range of rates increases your odds of finding the best offered rates.

The car insurance companies shown below can provide price comparisons in Mineral Wells, TX. To get the cheapest auto insurance in Texas, we suggest you click on several of them to find the most competitive car insurance rates.

Insurance Rates for Popular Vehicles in Mineral Wells
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Malibu LS $1,352 $676 $113
Chevrolet Silverado LS Regular Cab 2WD $1,162 $581 $97
Dodge Ram Crew Cab Laramie 4WD $2,028 $1,014 $169
Ford Escape XLS 4WD $946 $473 $79
Ford F-150 FX4 4WD $1,292 $646 $108
Ford Focus SE 4-Dr Sedan $966 $483 $81
Honda Accord LX 4-Dr Sedan $1,082 $541 $90
Honda CR-V EX 2WD $1,014 $507 $85
Honda Civic LX 2-Dr Coupe $1,772 $886 $148
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,420 $710 $118
Nissan Altima 2.5 S 2-Dr Coupe $1,196 $598 $100
Toyota Camry LE $1,012 $506 $84
Toyota Corolla LE $1,064 $532 $89
Toyota RAV4 2WD $1,120 $560 $93
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Prices do not factor in Mineral Wells location which can raise or lower coverage rates greatly.

Drive safe and save

The diagram below demonstrates how speeding tickets and accidents increase Toyota Camry insurance rates for different age groups. The costs are based on a married male driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.

Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.

How high should deductibles be?

One of the more difficult decisions when buying auto insurance is how high should the physical damage deductibles be. The figures shown below approximate the differences in price when you buy lower versus higher policy deductibles. The first set of prices uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.

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

Ford Fusion insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $294 $496 $382 $22 $114 $1,333 $111
Fusion SE 4-Dr Sedan $332 $584 $382 $22 $114 $1,459 $122
Fusion Hybrid 4-Dr Sedan $332 $672 $476 $28 $142 $1,675 $140
Fusion SEL 4-Dr Sedan $332 $584 $382 $22 $114 $1,459 $122
Fusion Sport 4-Dr Sedan $332 $584 $382 $22 $114 $1,459 $122
Fusion SEL AWD 4-Dr Sedan $370 $672 $382 $22 $114 $1,585 $132
Fusion Sport AWD 4-Dr Sedan $370 $672 $382 $22 $114 $1,585 $132
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Ford Fusion insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $182 $312 $382 $22 $114 $1,012 $84
Fusion SE 4-Dr Sedan $206 $368 $382 $22 $114 $1,092 $91
Fusion Hybrid 4-Dr Sedan $206 $424 $476 $28 $142 $1,276 $106
Fusion SEL 4-Dr Sedan $206 $368 $382 $22 $114 $1,092 $91
Fusion Sport 4-Dr Sedan $206 $368 $382 $22 $114 $1,092 $91
Fusion SEL AWD 4-Dr Sedan $228 $424 $382 $22 $114 $1,170 $98
Fusion Sport AWD 4-Dr Sedan $228 $424 $382 $22 $114 $1,170 $98
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in your specific Mineral Wells location which can affect coverage rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $32 more each month or $384 for a full year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 23 months between claims, you would probably save some money going with the higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $126
Average monthly premium for $1,000 deductibles (subtract): - $94
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

Lower-cost Mineral Wells insurance rates with discounts

Insurance is not an enjoyable expense, but you can get discounts that may help make it more affordable. Many discounts should be triggered when you get a quote, but less common discounts must be inquired about in order for you to get them.Discount insurance

Don't be shocked that most discount credits are not given the the whole policy. Most only reduce individual premiums such as collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, you won't be that lucky.

A partial list of companies that may offer some of the above discounts include:

It's a good idea to ask every insurance company how many discounts you can get. Some credits might not apply in Mineral Wells. To see providers that offer the discounts shown above in Mineral Wells, click this link.

Three good reasons to insure your vehicle

Despite the high cost, insurance may be required for several reasons.

The benefits of buying enough insurance are without a doubt worth the cost, especially when you need to use it. The average driver in Texas overpays as much as $850 per year so we recommend shopping around once a year at a minimum to help ensure money is not being wasted.

Insurance is available from your local insurance agencies

Many drivers just want to get professional advice from a licensed agent and that is recommended in a lot of cases An additional benefit of comparing insurance online is that drivers can save money and get cheap insurance quotes but still work with a licensed agent.

Mineral Wells insurance agentsTo find an agent, once you fill out this quick form, your insurance coverage information is instantly submitted to companies in Mineral Wells that can provide free Mineral Wells car insurance quotes for your business. It's much easier because you don't need to find an agent due to the fact that quote results will go to you. You'll get the best rates AND a local agent. If you wish to quote rates from a specific insurance company, feel free to search and find their rate quote page and fill out the quote form the provide.

Choosing an company shouldn't rely on just a low price. These are some questions your agent should answer.

If you are searching for a local insurance agency, it's helpful to know the types of agencies and how they are distinctly different. Insurance agencies can be classified as either independent (non-exclusive) or exclusive.

Exclusive Agencies

These agents normally can only provide a single company's rates and some examples include Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide rate quotes from other companies so always compare other rates. They receive a lot of sales training on their company's products which helps them sell insurance even at higher premiums.

Independent Agencies or Brokers

Agents of this type often have many company appointments so as a result can place your coverage with many different companies and find you cheaper rates. If your agent finds better pricing, the agent simply finds a different carrier and you won't have to switch agencies. When comparing rate quotes, you need to check rates from at a minimum one independent agency for maximum quote selection.

Upon getting reasonable responses for all questions you ask and the cheapest Mineral Wells car insurance quotes, chances are good that you have found an insurance agent that is reputable and can adequately provide insurance. Just be aware that once you purchase a policy you can terminate your policy whenever you want so never assume that you're stuck with any specific company indefinitely.