Are you sick of overpaying and want more affordable car insurance rates in Richardson, TX? Locating the cheapest insurance for a car in Texas can normally be difficult, but you can use the following methods to find lower rates. There is a better way to shop for car insurance so you're going to learn the proper way to price shop coverage on a and get the cheapest rates from Richardson insurance agents and online providers.

Buying the cheapest car insurance in Richardson can be easy if you know a few tricks. If you have a policy now or are just looking to switch companies, you can use these tips to shop for the lowest rates and still have adequate protection. Comparison shoppers just have to know the quickest method to compare company rates online.

Auto insurance companies offering affordable rates in Texas

The auto insurance companies shown below have been selected to offer free rate quotes in Texas. In order to find the best cheap car insurance in Texas, it's highly recommended you visit several of them in order to find the cheapest rates.

Insurance Costs for Popular Vehicles in Richardson
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LT Crew Cab 2WD $1,368 $684 $114
Dodge Grand Caravan SXT $1,316 $658 $110
Dodge Ram Quad Cab Laramie 2WD $1,582 $791 $132
Ford Edge SE AWD $1,258 $629 $105
Ford Escape XLT 2WD $850 $425 $71
Ford F-150 FX2 Super Cab 2WD $1,416 $708 $118
Ford Focus SES 4-Dr Sedan $1,192 $596 $99
GMC Sierra SLT Extended Cab 2WD $1,252 $626 $104
Honda Accord LX 4-Dr Sedan $850 $425 $71
Honda CR-V EX-L 4WD $1,042 $521 $87
Honda Civic GX 4-Dr Sedan $1,300 $650 $108
Jeep Wrangler Unlimited Sahara 4WD 4-Dr $1,214 $607 $101
Nissan Altima Hybrid 4-Dr Sedan $1,466 $733 $122
Nissan Rogue SL 2WD $1,370 $685 $114
Toyota Camry XLE $1,544 $772 $129
Toyota Corolla XLE $1,064 $532 $89
Toyota RAV4 Limited 4WD $1,456 $728 $121
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rates do not factor in garaging location in Richardson which can modify prices substantially.

Car insurance cost for men versus women

The illustration below shows the difference between insurance prices for male and female drivers in Richardson. The information is based on no accidents, no driving violations, full coverage, $250 deductibles, single marital status, and no additional discounts are factored in on a Honda Accord EX-L.

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

Raise deductibles and save

The example below demonstrates how deductibles and can affect Toyota Camry insurance rates for each age group. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

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

Deductible analysis

When comparing car insurance rates, the most common question is how high or low should comp and collision deductibles be. The rates below lay out the differences in price of buying low and high physical damage coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

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

Chevrolet Tahoe insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $328 $592 $382 $22 $114 $1,463 $122
Tahoe LS 4WD $370 $592 $382 $22 $114 $1,505 $125
Tahoe LT 2WD $370 $592 $382 $22 $114 $1,505 $125
Tahoe LT 4WD $370 $592 $382 $22 $114 $1,505 $125
Tahoe LTZ 2WD $370 $698 $382 $22 $114 $1,611 $134
Tahoe LTZ 4WD $370 $698 $382 $22 $114 $1,611 $134
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Chevrolet Tahoe insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $182 $312 $382 $22 $114 $1,012 $84
Tahoe LS 4WD $206 $312 $382 $22 $114 $1,036 $86
Tahoe LT 2WD $206 $312 $382 $22 $114 $1,036 $86
Tahoe LT 4WD $206 $312 $382 $22 $114 $1,036 $86
Tahoe LTZ 2WD $206 $368 $382 $22 $114 $1,092 $91
Tahoe LTZ 4WD $206 $368 $382 $22 $114 $1,092 $91
Get a Quote for Your Vehicle Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium amounts do not factor in specific location which can impact prices noticeably.

Based on these figures, using a $100 deductible costs an average of $41 more each month or $492 annually than selecting the higher $1,000 deductible. Because you would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 22 months between claim filings, you would most likely save money if you choose the higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $128
Average monthly premium for $1,000 deductibles (subtract): - $87
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

Save money on car insurance with these discounts

Insurance can cost an arm and a leg, but you might already qualify for some discounts that you may not even be aware of. A few discounts will automatically apply at quote time, but a few need to be requested specifically before being credited. If you're not getting every credit you qualify for, you're paying more than you need to.Save money with discounts

As a footnote on discounts, most discount credits are not given to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. Even though the math looks like adding up those discounts means a free policy, you won't be that lucky.

A list of companies and a summarized list of policyholder discounts are included below.

Before purchasing a policy, check with each insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not be available in Richardson.

Get cheap prices by understanding these factors

Multiple criteria are part of the calculation when you get a price on insurance. A few of the factors are predictable like your driving record, although some other factors are more obscure such as whether you are married or your vehicle rating. Part of the car insurance buying process is learning some of the things that come into play when calculating car insurance rates. If you understand what impacts premium levels, this enables informed choices that could result in lower rates.

Vehicle features impact car insurance rates - Owning a car with a theft deterrent system can save you some money. Theft prevention devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent auto theft and help lower rates.

Lower rates for vehicles with better crash test results - Safe vehicles can get you lower premiums. These vehicles protect occupants better and lower rates of occupant injuries means lower claim amounts which can result in lower premiums.

Premiums drop with age - Older drivers are more responsible, cost insurance companies less in claims, and are safer drivers.Teenage drivers have been known to be less responsible when driving with friends therefore car insurance rates are much higher.

Cheaper rates by combining - Some insurance companies afford discounts to policyholders that buy multiple policies in the form of a multi-policy discount. This can amount to five, ten or even twenty percent. If you currently are using one company, drivers will still want to comparison shop to make sure you are getting the best deal.

If you don't need it don't buy it - There are many additional coverages you can purchase on your car insurance policy. Things like personal injury protection, death and dismemberment, and Farm Bureau memberships are probably not needed. The coverages may be enticing when discussing your needs, but if you don't need them remove them from your policy.

Premiums also based on gender - Statistics have proven that men are more aggressive behind the wheel. The data does not necessarily mean that women are better drivers. They both cause auto accidents in similar percentages, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets like DUI and reckless driving. Male drivers age 16 to 19 have the highest risk to insure so it costs more to insure them.

Fast cars cost more to insure - The performance level of the car or truck you drive makes a substantial difference in your premium level. Lower cost passenger vehicles generally have the cheapest insurance rates, but there are many factors that impact the final cost.

Driving citations will cost you - Whether or not you get tickets has a lot to do with how much you pay for insurance. Attentive drivers receive lower rates than people who have multiple driving citations. Only having one driving citation may cause rates to rise forty percent or more. Drivers who have gotten careless violations such as DWI, reckless driving or hit and run convictions may need to prove financial responsibility with their state's licensing department in order to legally drive a vehicle.

Insurance agencies near you

A small number of people still like to sit down and talk to an agent and that can be a smart move Good agents are trained to spot inefficiencies and help in the event of a claim. The biggest benefit of getting online price quotes is you can get cheap rate quotes and still buy from a local agent.

Insurance agents in RichardsonOnce you complete this simple form, the coverage information is emailed to insurance agents in Richardson that can provide free Richardson auto insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to even leave your home because quoted prices will be sent directly to your email. If you need to get a comparison quote from a specific insurance provider, don't hesitate to find their quoting web page and fill out their quote form.

Choosing an insurance company is decision based upon more than just a low price. Below are some questions you should ask.

Save $457 a year. For real?

Texas consumers can't ignore all the ads that claim the best prices from the likes of State Farm, Allstate and GEICO. All the companies seem to make the promise that you can save if you just switch your policy.

Is it even possible that every company can cost less than your current company? It's all in the words they use.

All companies offer their best rates for a prospective insured that earns them the most money. For instance, a driver they prefer may be a married male, has few claims, and the vehicle is rated for pleasure use. A customer getting a price quote that fits those parameters will most likely get cheap prices and have a good chance to save quite a bit of money when switching.

Drivers who are not a match for these stringent criteria may be required to pay higher prices which translates to the driver buying from a lower-cost company. The ad wording is "customers who switch" but not "all drivers who get quotes" save that much. That's the way companies can advertise the savings. That is why you should do a quote comparison often. It's just too difficult to predict which company will have the lowest car insurance in Richardson.

Car insurance claim statistics

Which vehicle models have a high chance of claims? The following tables outline the good and bad vehicle makes and models for overall likelihood of having to file claims for each type of coverage.

Comprehensive Coverage Claims by Vehicle
Lowest Claims Highest Claims
Infiniti QX50 Maserati Quattroporte
GMC Sierra 2500 BMW M6
Chevy Spark BMW M6
Smart ForTwo Mercedes-Benz S Class
Chevy Silverado 2500 Porsche Panamera GTS
Volvo V60 Audi S7

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

Vehicle Models with the Lowest and Highest Medical Payment Insurance Claims
Lowest Claims Highest Claims
Chevrolet Silverado 3500 Chevrolet Spark
Tesla Model S Mitsubishi Mirage
Audi A4 Allroad Chevrolet Sonic
Chevrolet Silverado 2500 Mitsubishi Lancer
Ford F-350 SuperCrew Hyundai Accent
Chevrolet Corvette Chrysler 200

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

Lowest and Highest Liability Coverage Claims by Vehicle
Lowest Claims Highest Claims
Fiat 500 Mitsubishi Lancer
Subaru Outback Kia Rio
Mercedes-Benz SL Class Chevrolet Sonic
Volvo XC60 Kia Optima
Audi A6 Mitsubishi Mirage
Subaru Forester Dodge Charger

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

Collision Insurance Claims by Vehicle Make and Model
Lowest Claims Highest Claims
GMC Canyon Bently Continental GTC
Smart ForTwo BMW 6 Series
Nissan Xterra Bentley Continental Flying Spur
Ford F-150 SuperCrew Maserati Ghibli
Jeep Wrangler Ferrari 458
Ford Edge BMW M6

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

Persistence is the key to cheaper rates

In this article, we covered many tips how you can lower your insurance rates in Richardson. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates are with the least-expected company.

Budget-conscious insurance can be found both online and from local agencies, and you need to comparison shop both so you have a total pricing picture. Some companies do not provide the ability to get quotes online and usually these regional carriers work with independent agents.

As you quote Richardson auto insurance, don't be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed liability limits or collision coverage only to regret at claim time they didn't purchase enough coverage. The aim is to get the best coverage possible at the best possible price but still have enough coverage for asset protection.

Much more information about insurance in Texas can be read at the links below