Beginners to comparing insurance coverage rates on the internet may find purchasing low cost Cedar Park auto insurance is not as easy as it seems.
A study showed that nearly 70% of customers kept their policy with the same company for well over three years, and almost half have never compared rates to find affordable insurance. American consumers can cut their rates by $859 a year by just shopping around, but they think it's difficult to shop around.
It's important to compare rates yearly since insurance prices fluctuate regularly. Even if you think you had the lowest price on insurance last year there may be better deals available now. Forget all the misinformation about insurance because you're about to learn the quickest way to reduce your cost while improving coverage.
Eight discounts to earn lower Cedar Park car insurance rates
Car insurance is not an enjoyable expense, but you may find discounts that you may not even know about. A few discounts will be applied at the time you complete a quote, but less common discounts must be asked about prior to receiving the credit.
- Employee of Federal Government - Having worked for a branch of the government can earn a discount up to 10% but check with your company.
- Seat Belt Usage - Forcing all vehicle occupants to buckle up could cut 10% or more on the premium charged for medical payments and/or PIP.
- Waiver for an Accident - This one isn't a discount, but some companies like Allstate and State Farm will turn a blind eye to one accident before your rates go up as long as you don't have any claims for a specific time period.
- Cautious Drivers - Drivers who avoid accidents can pay as much as 50% less than drivers with accident claims.
- Accident Free - Cedar Park drivers who stay claim-free pay much less when compared to policyholders that have many claims.
- Drivers Ed for Students - Reduce the cost of insurance for teen drivers by having them successfully take a driver's education course in school or through a local driver safety program.
- Pay Upfront and Save - If you pay your bill all at once as opposed to paying monthly you could save 5% or more.
- Discount for Good Grades - Excelling in school may save you up to 25%. This discount can apply up until you turn 25.
Just know that most discount credits are not given to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So when the math indicates you can get free auto insurance, insurance companies wouldn't stay in business.
Insurance companies who may offer most of these discounts may include but are not limited to:
When getting free Cedar Park auto insurance quotes, it's a good idea to every company which discounts they offer. A few discounts may not be offered in Cedar Park. If you would like to view insurance companies that can offer you the previously mentioned discounts in Cedar Park, click here.
When price shopping your coverage, comparing a large number of companies helps you find the best offered rates.
The companies in the list below provide price comparisons in Cedar Park, TX. If multiple companies are listed, we suggest you click on several of them in order to find the cheapest rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LTZ 2WD||$1,092||$546||$91|
|Chevrolet Impala LTZ||$1,064||$532||$89|
|Chevrolet Silverado LT Regular Cab||$1,088||$544||$91|
|Dodge Ram Crew Cab ST 4WD||$1,254||$627||$105|
|Ford Escape XLT 4WD||$1,042||$521||$87|
|Ford Explorer Eddie Bauer 4WD||$1,292||$646||$108|
|Ford F-150 XL Crew Cab 2WD||$936||$468||$78|
|Ford Focus SE 2-Dr Coupe||$1,134||$567||$95|
|GMC Sierra SLE Regular Cab 4WD||$1,088||$544||$91|
|Honda Accord LX 4-Dr Sedan||$984||$492||$82|
|Honda CR-V EX-L 2WD||$1,264||$632||$105|
|Honda Civic VP 4-Dr Sedan||$1,158||$579||$97|
|Hyundai Elantra GLS Touring Station Wagon||$1,254||$627||$105|
|Jeep Grand Cherokee Limited 4WD||$952||$476||$79|
|Kia Optima LX||$1,242||$621||$104|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,378||$689||$115|
|Toyota Camry XLE||$1,068||$534||$89|
|Toyota Corolla XLE||$1,276||$638||$106|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Premium costs do not factor in specific garaging location which can raise or lower price quotes substantially.
Price comparison of only insuring for liability
The chart below illustrates the comparison of GMC Acadia yearly insurance costs with full coverage compared to only the Texas minimum liability coverage. The premiums assume no accidents, no driving violations, $100 deductibles, single female driver, and no other discounts are factored in.
GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.
When to stop buying full coverage
There isn't a steadfast formula to stop paying for comp and collision coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.
For example, let's assume your GMC Acadia replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $8,000 after paying your policy deductible. If you are paying over $800 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some conditions where removing full coverage is not recommended. If you haven't satisfied your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.
Car insurance premiums based on gender
The chart below shows the difference between insurance rates for male and female drivers in Cedar Park. The premiums assume no claims or violations, comp and collision included, $1,000 deductibles, drivers are single, and no additional discounts are factored in on a Honda Pilot EX-L.
Honda Pilot rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Higher deductibles lower rates
When buying car insurance, a common question is how high should the physical damage deductibles be. The following tables can help illustrate the price difference of buying low and high deductibles. The first pricing table uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.
Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Civic DX 4-Dr Sedan||$256||$496||$382||$22||$114||$1,295||$108|
|Civic VP 4-Dr Sedan||$256||$584||$382||$22||$114||$1,383||$115|
|Civic LX 4-Dr Sedan||$256||$584||$382||$22||$114||$1,383||$115|
|Civic DX 2-Dr Coupe||$256||$584||$476||$28||$142||$1,511||$126|
|Civic EX 4-Dr Sedan||$256||$584||$382||$22||$114||$1,383||$115|
|Civic LX-S 4-Dr Sedan||$256||$584||$382||$22||$114||$1,383||$115|
|Civic LX 2-Dr Coupe||$256||$672||$476||$28||$142||$1,599||$133|
|Civic EX-L 4-Dr Sedan||$294||$672||$382||$22||$114||$1,509||$126|
|Civic SI 4-Dr Sedan||$294||$672||$382||$22||$114||$1,509||$126|
|Civic EX 2-Dr Coupe||$294||$672||$476||$28||$142||$1,637||$136|
|Civic GX 4-Dr Sedan||$294||$672||$382||$22||$114||$1,509||$126|
|Civic EX-L 2-Dr Coupe||$294||$672||$476||$28||$142||$1,637||$136|
|Civic Hybrid 4-Dr Sedan||$332||$584||$382||$22||$114||$1,459||$122|
|Civic SI 2-Dr Coupe||$332||$762||$476||$28||$142||$1,765||$147|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Civic DX 4-Dr Sedan||$158||$312||$382||$22||$114||$988||$82|
|Civic VP 4-Dr Sedan||$158||$368||$382||$22||$114||$1,044||$87|
|Civic LX 4-Dr Sedan||$158||$368||$382||$22||$114||$1,044||$87|
|Civic DX 2-Dr Coupe||$158||$368||$476||$28||$142||$1,172||$98|
|Civic EX 4-Dr Sedan||$158||$368||$382||$22||$114||$1,044||$87|
|Civic LX-S 4-Dr Sedan||$158||$368||$382||$22||$114||$1,044||$87|
|Civic LX 2-Dr Coupe||$158||$424||$476||$28||$142||$1,228||$102|
|Civic EX-L 4-Dr Sedan||$182||$424||$382||$22||$114||$1,124||$94|
|Civic SI 4-Dr Sedan||$182||$424||$382||$22||$114||$1,124||$94|
|Civic EX 2-Dr Coupe||$182||$424||$476||$28||$142||$1,252||$104|
|Civic GX 4-Dr Sedan||$182||$424||$382||$22||$114||$1,124||$94|
|Civic EX-L 2-Dr Coupe||$182||$424||$476||$28||$142||$1,252||$104|
|Civic Hybrid 4-Dr Sedan||$206||$368||$382||$22||$114||$1,092||$91|
|Civic SI 2-Dr Coupe||$206||$478||$476||$28||$142||$1,330||$111|
|Get a Quote for Your Vehicle Go|
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Price estimates do not factor in garaging location in Cedar Park which can modify premium rates noticeably.
Based on the above data, using a $250 deductible costs roughly $31 more each month or $372 each year than requesting the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 24 months between claim filings, you would save more money if you choose a higher deductible.
Everyone needs different car insurance coverages
When choosing a policy for your personal vehicles, there is no perfect coverage plan. Everyone's situation is unique.
For instance, these questions may help highlight whether or not you might need an agent's assistance.
- Am I insured when driving a different vehicle?
- Who is covered by my policy?
- I have health insurance so do I need medical payments coverage?
- What is PIP insurance?
- Do I pay less if my vehicle is kept in my garage?
- Can I afford to buy a different vehicle if my vehicle is totaled?
- What are good deductibles for a vehicle?
If you don't know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form.
Independent versus exclusive insurance agents
Many people just want to buy from a licensed agent and often times that is recommended One of the great benefits of comparing insurance prices online is that you can find cheap car insurance rates but still work with a licensed agent.
Once you complete this short form, the coverage information is instantly submitted to local insurance agents who will give competitive quotes for your insurance coverage. It's much easier because you don't need to find an agent on your own since price quotes are sent straight to your inbox. You can find lower rates without the usual hassles of price shopping. If you want to compare rates from a specific car insurance provider, you just need to find their quoting web page and submit a quote form there.
Finding the right provider requires more thought than just the bottom line cost. Some important questions to ask are:
- Will the company cover a rental car if your car is getting fixed?
- Do they have cheaper tiers of coverage?
- Are they involved in claim handling?
- Are there any discounts that you might be missing?
- Can you use your own choice of collision repair facility?
- Do they receive special compensation for putting your coverage with one company over another?
After you get acceptable answers and the cheapest Cedar Park auto insurance quotes, chances are good that you have found an insurance company that is professional and can properly service your car insurance policy. Just remember you can terminate your policy whenever you choose to so never assume that you are permanently stuck with a policy for any length of time.
Three reasons to insure your vehicle
Despite the potentially high cost of auto insurance, insurance serves a purpose in several ways.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability insurance coverage in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a loan, almost every bank will make it mandatory that you have comprehensive coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may insure your vehicle for a much higher rate and require you to reimburse them for the expensive policy.
- Auto insurance preserves both your vehicle and your personal assets. Insurance will also pay for medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, your policy will pay to have it repaired.
The benefits of having auto insurance outweigh the cost, especially if you ever need it. According to a recent study, the average American driver is currently overpaying as much as $865 each year so you should quote and compare rates every year to be sure current rates are still competitive.
Auto insurance coverage basics
Knowing the specifics of your auto insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like rehabilitation expenses, surgery and funeral costs. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your vehicle.
Since a lot of drivers carry very low liability coverage limits (which is 30/60/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Collision coverage pays for damage to your vehicle from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things such as driving through your garage door, colliding with a tree and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.
Liability coverage protects you from damage that occurs to people or other property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 30/60/25 which means $30,000 in coverage for each person's injuries, a per accident bodily injury limit of $60,000, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for things like emergency aid, bail bonds, loss of income and medical expenses. How much coverage you buy is up to you, but consider buying higher limits if possible. Texas requires minimum liability limits of 30/60/25 but you should consider buying more liability than the minimum.
Comprehensive (Other than Collision)
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like rock chips in glass, damage from getting keyed, a tree branch falling on your vehicle, vandalism and falling objects. The most your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Cheap insurance is out there
We've covered a lot of information how to save on insurance in Cedar Park. The key concept to understand is the more quotes you get, the higher your chance of finding the cheapest Cedar Park auto insurance quotes. Drivers may even discover the most savings is with some of the smallest insurance companies.
As you quote Cedar Park auto insurance, it's not a good idea to sacrifice coverage to reduce premiums. Too many times, an insured cut uninsured motorist or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy a smart amount of coverage at the best possible price, but don't skip important coverages to save money.
Some companies may not have online rate quotes and many times these regional carriers work with independent agents. Discount insurance can be bought on the web and with local Cedar Park insurance agents, and you need to comparison shop both to get a complete price analysis.
Much more information about insurance in Texas is available below:
- Teen Driving and Texting (State Farm)
- What Auto Insurance is Cheapest in Lubbock, Texas? (FAQ)
- Who Has Affordable Car Insurance Quotes for Hybrid Vehicles in Texas? (FAQ)
- Who Has Affordable Texas Car Insurance Quotes for a Toyota RAV4? (FAQ)
- What is the Best Auto Insurance in Corpus Christi, Texas? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Steps to Take After an Auto Accident (Insurance Information Institute)