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.Car insurance discounts

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.

Insurance Rates for Popular Vehicles in Cedar Park
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
Toyota Prius $1,102 $551 $92
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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.

Honda Civic insurance rates with $250 deductibles
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
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Honda Civic insurance rates with $1,000 deductibles
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
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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 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.Higher deductibles save money

For instance, these questions may help highlight whether or not you might need an agent's assistance.

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:

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.

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 protection

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 insurance

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: