Having to pay for pricey car insurance in Groves can sap your savings account and force you to tighten up your finances. Shopping your coverage around can help to ensure you are getting the best deal.

Sadly, the vast majority of consumers have remained with the same car insurance company for more than four years, and just short of a majority have never compared rate quotes at all. Texas insurance shoppers can save hundreds of dollars each year by just comparing rate quotes, but they don't want to take the time to go online and compare rates. Companies like GEICO, 21st Century and Progressive continually bombard you with catchy ads and it can be hard to sift through the bull and take the time to shop coverage around.

If you are already insured or need new coverage, you will benefit by learning to reduce premiums while maintaining coverages. Locating the best rates in Groves is much easier if you know where to start. Vehicle owners just need to know how to shop for car insurance from many different companies online.

Finding more affordable insurance quotes is a great way to save money. You just need to invest a few minutes comparing rates to see which company has affordable Groves car insurance quotes.

Doing online price quotes comparisons is so easy that it replaces the need to drive around to each insurance agency near you. Quoting and buying insurance online eliminates the need for an insurance agent unless you prefer the extra assistance that can only be provided by a licensed insurance agent. It is possible to compare online quotes but buy from a local Groves insurance agent.

The companies shown below have been selected to offer price quotes in Texas. If you want to find cheaper auto insurance in Texas, it's a good idea that you visit two to three different companies to find the most competitive car insurance rates.

Insurance Rate Estimates for Popular Vehicles in Groves
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 4WD $748 $374 $62
Chevrolet Silverado Crew Cab Hybrid 4WD $1,490 $745 $124
Dodge Grand Caravan CV $1,072 $536 $89
Dodge Ram Crew Cab Sport 4WD $1,394 $697 $116
Ford Escape XLS 4WD $1,014 $507 $85
Ford F-150 SVT Raptor Super Cab 4WD $1,228 $614 $102
Ford Focus SES 2-Dr Coupe $1,686 $843 $141
Ford Fusion Sport AWD 4-Dr Sedan $1,700 $850 $142
Honda Accord LX-S 2-Dr Coupe $1,352 $676 $113
Honda CR-V EX-L 4WD $766 $383 $64
Honda Civic EX 4-Dr Sedan $1,556 $778 $130
Hyundai Elantra GLS 4-Dr Sedan $1,068 $534 $89
Hyundai Sonata SE 4-Dr Sedan $1,292 $646 $108
Kia Optima EX $1,126 $563 $94
Nissan Altima 3.5 SR 2-Dr Coupe $1,636 $818 $136
Nissan Rogue S 2WD $1,286 $643 $107
Toyota Camry Hybrid $1,196 $598 $100
Toyota Corolla XRS $1,786 $893 $149
Toyota Prius $1,094 $547 $91
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rates do not factor in vehicle garaging location which can influence prices considerably.

Analysis of deductible levels

The hardest decision when buying coverage is where should you set your physical damage deductibles. The data tables below may help you to understand how much more you'll pay when you select higher and lower comp and collision deductibles. The first rate estimation uses a $100 deductible for physical damage and the second price grid uses a $500 deductible.

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

Chevrolet Tahoe insurance 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 with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $240 $400 $382 $22 $114 $1,158 $97
Tahoe LS 4WD $270 $400 $382 $22 $114 $1,188 $99
Tahoe LT 2WD $270 $400 $382 $22 $114 $1,188 $99
Tahoe LT 4WD $270 $400 $382 $22 $114 $1,188 $99
Tahoe LTZ 2WD $270 $472 $382 $22 $114 $1,260 $105
Tahoe LTZ 4WD $270 $472 $382 $22 $114 $1,260 $105
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rate information does not factor in vehicle location which can raise or lower coverage prices noticeably.

Based on the above data, using a $100 deductible would cost the average driver about $27 more each month or $324 for a full year than buying the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 15 months between claim filings, you would more than likely save some money if you opt for a higher deductible. Below is a better example of how this determination is made.

Average monthly premium for $100 deductibles: $128
Average monthly premium for $500 deductibles (subtract): - $101
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

How accidents and tickets impact rates

The chart below demonstrates how citations and at-fault accidents drive up Hyundai Sonata insurance rates for different age groups. The premium estimates are based on a married female driver, full coverage, $100 deductibles, and no additional discounts are factored in.

Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.

Insurance discounts help lower rates

Insuring your fleet can be pricey, but there are discounts available that can dramatically reduce your bill. Some of these discounts will be visible at the time of purchase, but some must be specially asked for prior to getting the savings.Discount insurance

As a sidenote, most credits do not apply to the overall cost of the policy. A few only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like you would end up receiving a 100% discount, companies wouldn't make money that way. But all discounts will bring down the premium cost.

To see a list of insurance companies that provide some of the discounts listed above in Groves, follow this link.

Local agents and auto insurance

Many drivers still like to get professional advice from a licensed agent and there is nothing wrong with that. Good insurance agents can answer important questions and help in the event of a claim. One of the best bonuses of price shopping on the web is that you can obtain cheap rate quotes but still work with a licensed agent.

Insurance agents in GrovesUpon completion of this simple form, your information is transmitted to local insurance agents in Groves who will give competitive quotes for your coverage. You don't have to search for an agent since rate quotes are delivered directly to you. If for some reason you want to quote rates from one company in particular, you just need to search and find their rate quote page and give them your coverage information.

Finding the right insurance company requires more thought than just a cheap price quote. Here are some questions you might want to ask.

If you are wanting to purchase auto insurance from a reputable agency, it's important to understand the types of agencies and how they can quote your rates. Agents in Groves are categorized either independent or exclusive depending on the company they work for. Both sell affordable auto insurance policies, but it's worth learning the difference between them because it can impact your agent selection.

Exclusive Agencies

Agents that elect to be exclusive normally can only provide a single company's rates such as Farmers Insurance, Allstate, or State Farm. These agents are not able to provide rate quotes from other companies so they really need to provide good service. Exclusive agencies are well schooled on their products and sales techniques which helps them compete with independent agents.

Independent Agents

Agents that elect to be independent are not employed by one company and that enables them to quote your coverage amongst many companies and get the cheapest rates. If you want to switch companies, they can switch companies in-house and the insured can keep the same agent. If you need cheaper auto insurance rates, you should always get rate quotes from several independent insurance agents to get the most accurate price comparison.

Protect more than your vehicle

Despite the fact that insurance is not cheap in Groves, buying insurance is required for several reasons.

The benefits of carrying enough insurance are definitely more than the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is overpaying over $850 per year so shop around at every renewal to be sure current rates are still competitive.

Best and worst vehicle claim statistics

What vehicles have the fewest claims? The following tables list the highest and lowest vehicle models for likelihood of having large claims for each type of coverage.

Lowest and Highest Car Insurance Medical Payment Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Silverado 2500 Dodge Charger
Ford F-250 SuperCrew Kia Forte
Tesla Model S Mitsubishi Lancer
Chevrolet Corvette Chrysler 200
Ford F-350 SuperCrew Nissan Versa
Chevrolet Silverado 3500 Chevrolet Sonic

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Collision Coverage Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Colorado Maserati Granturismo
Nissan Xterra Nissan GT-R
Ford F-250 SuperCab Ferrari 458
GMC Canyon Maserati Ghibli
Mini Cooper Bentley Continental Flying Spur
Smart ForTwo Bently Continental GT

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Car Insurance Liability Claims by Manufacturer Model
Lowest Claim Frequency Highest Claim Frequency
Mercedes-Benz SL Class Dodge Charger
Fiat 500 Chrysler 200
Subaru Outback Chevrolet Sonic
Audi A6 Kia Rio
Subaru Forester Hyndai Accent
Chevrolet Corvette Chevrolet Cruze

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lowest and Highest Comprehensive Coverage Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Nissan Xterra Maserati Quattroporte
Ford F-350 BMW M6
GMC Sierra 2500 Bentley Continental GT
Chevy Spark Maserati Granturismo
Nissan Leaf Bentley Continental GTC
Smart ForTwo Mercedes-Benz S Class

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Specific coverages

Having a good grasp of a auto insurance policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are typical coverages found on most auto insurance policies.

Medical costs insurance - Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like prosthetic devices, rehabilitation expenses, dental work, pain medications and EMT expenses. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision - Collision insurance pays for damage to your vehicle from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a ditch, colliding with a tree, hitting a mailbox and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It's also possible to bump up the deductible to bring the cost down.

Auto liability insurance - Liability coverage will cover damages or injuries you inflict on people or other property by causing an accident. This insurance protects YOU against claims from other people, and doesn't cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 30/60/25 which means a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like medical expenses, repair bills for other people's vehicles and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford. Texas requires drivers to carry at least 30/60/25 but you should think about purchasing more coverage.

Comprehensive or Other Than Collision - This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as falling objects, a broken windshield, fire damage, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle's value is low consider removing comprehensive coverage.

UM/UIM Coverage - Your UM/UIM coverage protects you and your vehicle's occupants when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family as well as your vehicle's damage.

Due to the fact that many Texas drivers have only the minimum liability required by law (30/60/25), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Smart consumers save more

As you shop your coverage around, do not buy lower coverage limits just to save a few bucks. In many cases, someone dropped comprehensive coverage or liability limits only to discover later they didn't have enough coverage. The ultimate goal is to buy enough coverage at the lowest possible cost and still be able to protect your assets.

Cheap insurance in Groves can be purchased online as well as from insurance agents, so you should be comparing quotes from both to have the best selection. Some insurance companies may not offer online price quotes and many times these small insurance companies only sell coverage through independent insurance agencies.

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