Being forced to pay for pricey insurance premiums can bleed your personal savings, especially in this economy. Doing a price comparison is free and is an excellent way to lower your bills every month.

Astonishing but true, a large majority of consumers kept buying from the same company for at least four years, and nearly half have never compared rates to find cheaper insurance. Consumers in America could save almost $859 a year by just comparing quotes, but they underestimate the actual amount they would save if they swap their current policy for a cheaper one. You have multiple insurers to purchase coverage from, and although it's nice to be able to choose, so many choices can make it hard to find the lowest rates.

It's a good habit to get comparison quotes every six months due to the fact that insurance prices change quite often. Despite the fact that you may have had the lowest price on insurance on your last policy the chances are good that you can find a lower rate today. You can find a lot of wrong information about insurance on the web, but in this article, you're going to get some guaranteed methods to lower your insurance bill.

Best companies for Texas car insurance

The following companies offer free quotes in Austin, TX. To locate cheap auto insurance in Austin, we recommend you click on several of them to get the most affordable price.

Insurance Price Estimates for Popular Vehicles in Austin
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ 2WD $1,288 $644 $107
Chevrolet Malibu LS $1,202 $601 $100
Chevrolet Silverado Crew Cab Hybrid 4WD $1,596 $798 $133
Dodge Ram Quad Cab Sport 4WD $1,352 $676 $113
Ford Edge Sport AWD $1,186 $593 $99
Ford Escape XLS 4WD $1,086 $543 $91
Ford Explorer Eddie Bauer AWD $1,066 $533 $89
Ford F-150 FX2 2WD $1,336 $668 $111
Ford Focus SES 2-Dr Coupe $1,288 $644 $107
Honda Accord LX 4-Dr Sedan $886 $443 $74
Honda CR-V EX-L 2WD $1,026 $513 $86
Honda Civic Hybrid 4-Dr Sedan $1,466 $733 $122
Hyundai Elantra SE Touring Station Wagon $976 $488 $81
Hyundai Sonata GLS 4-Dr Sedan $1,056 $528 $88
Nissan Altima 3.5 SR 2-Dr Coupe $1,424 $712 $119
Toyota Camry Hybrid $1,282 $641 $107
Toyota Corolla S $1,424 $712 $119
Toyota Prius $1,386 $693 $116
Volkswagen Jetta SE 2.5 Station Wagon $1,158 $579 $97
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Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in vehicle location which can lower or raise premiums substantially.

Physical damage deductible comparison

The chart below illustrates how your choice of deductibles and can increase or decrease Toyota Camry yearly insurance costs for different ages of insureds. The prices are based on a single female driver, full coverage, and no discounts are taken into consideration.

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

Take advantage of every auto insurance discount

Some insurers do not advertise every available discount in an easy-to-find place, so we researched some of the more common as well as the least known auto insurance savings.Save money with discounts

As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Some only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, companies don't profit that way.

Larger auto insurance companies and a selection of discounts are included below.

When comparing rates, check with all the companies which credits you are entitled to. All car insurance discounts may not be available in Austin. To locate companies with the best discounts in Austin, click here to view.

Insurance agencies near you

Certain consumers would rather sit down and talk to an agent and doing so can bring peace of mind Experienced insurance agents can answer important questions and help file insurance claims. One of the best bonuses of price shopping on the web is that you can obtain lower rates and also buy local.

Insurance agents in AustinAfter completing this short form, the coverage information is emailed to participating agents in Austin that give free quotes for your business. You don't have to visit any agencies since rate quotes are delivered directly to you. If for some reason you want to quote rates from a specific company, you would need to jump over to their website to submit a rate quote request.

Selecting a insurance company should depend on more than just a cheap quote. These are valid questions to ask:

Don't be fooled by advertising claims

Texas consumers get pounded daily by advertisements that promise big savings for switching by Allstate, GEICO and Progressive. They all seem to make an identical promise about saving some big amount just by moving to their company.

How does each company save you money on auto insurance? Here is how they do it.

Most companies can use profiling for the type of customer that will most likely be profitable. For instance, a preferred risk could possibly be a mature driver, has no claims, and has great credit. A driver who matches that profile will most likely get cheap car insurance rates and will probably save a lot of money.

People who are not a match for those criteria may receive a more expensive rate which leads to the customer buying from a different company. The trick companies use is to say "customers who switch" not "all people who quote" save that kind of money. That is how companies can truthfully claim big savings. This emphasizes why you really need to get as many free Austin auto insurance quotes as possible. It is just not possible to predict the company that will give you the biggest savings.

Specifics of your car insurance policy

Knowing the specifics of your policy aids in choosing the right coverages and the correct deductibles and limits. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by car insurance companies.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your vehicle.

Because many people only purchase the least amount of liability that is required (which is 30/60/25), their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Auto liability insurance

This provides protection from damages or injuries you inflict on people or other property. This insurance protects YOU against claims from other people, and doesn't cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 30/60/25 that means you have $30,000 in coverage for each person's injuries, a total of $60,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability insurance covers things such as court costs, legal defense fees, bail bonds and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible. Texas state minimum liability requirements are 30/60/25 but it's recommended drivers buy better liability coverage.

Lowest and Highest Car Insurance Liability Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Mercedes-Benz SL Class Chevrolet Sonic
Volvo XC60 Dodge Charger
Acura MDX Chrysler 200
Fiat 500 Mitsubishi Mirage
Subaru Outback Kia Optima
Audi A6 Kia Rio

Statistics from IIHS.org for 2013-2015 Model Years

Comprehensive car insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like theft, damage from a tornado or hurricane and vandalism. The most you'll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it's not worth carrying full coverage.

Comprehensive Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
GMC Sierra 2500 BMW M6
Volvo V60 Maserati Quattroporte
Chevy Spark Maserati Granturismo
Smart ForTwo Bentley Continental GT
Chevy Silverado 2500 Porsche Panamera GTS
Ford F-350 BMW M6

Statistics from IIHS.org for 2013-2015 Model Years

Collision protection

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like sustaining damage from a pot hole, colliding with another moving vehicle, crashing into a building, damaging your car on a curb and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It's also possible to increase the deductible to bring the cost down.

Collision Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Chevrolet Colorado BMW M6
Mini Cooper Nissan GT-R
Ford F-150 SuperCrew Bentley Continental Flying Spur
Ford F-250 SuperCab Maserati Granturismo
Nissan Xterra Bently Continental GT
Smart ForTwo Ferrari 458

Statistics from IIHS.org for 2013-2015 Model Years

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for expenses like funeral costs, rehabilitation expenses, prosthetic devices and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Lowest and Highest Medical Payment Insurance Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
Chevrolet Silverado 3500 Kia Forte
Land Rover Range Rover Sport Chevrolet Spark
Ford Expedition Mitsubishi Lancer
Chevrolet Silverado 2500 Chevrolet Sonic
Audi A4 Allroad Nissan Sentra
Tesla Model S Hyundai Accent

Statistics from IIHS.org for 2013-2015 Model Years

Persistence will pay off

When you buy Austin auto insurance online, it's a bad idea to buy poor coverage just to save money. There are too many instances where an insured dropped comprehensive coverage or liability limits and learned later that the few dollars in savings costed them thousands. The goal is to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

Low-cost insurance in Austin can be bought online and also from your neighborhood Austin agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance companies don't offer online quoting and most of the time these small, regional companies only sell through independent agencies.

We just covered many ideas to save on insurance in Austin. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the lowest priced insurance comes from a lesser-known regional company. These smaller insurers can often provide lower premium rates in certain areas than their larger competitors like State Farm, GEICO and Nationwide.

More information can be read on the following sites: