Trying to come up with a payment for high-priced auto insurance can stress out your budget and possibly require you to analyze your spending habits. Comparing rate quotes can lower your rates and help to make ends meet.

Astonishing but true, almost 70% of drivers in Texas have remained with the same auto insurance company for well over three years, and just under half have never even compared quotes to find lower-cost rates. U.S. drivers can save almost $850 each year, but they just don't want to do a rate comparison.

Multiple auto insurance companies compete for your business, and it can be difficult to compare rates and get the best coverage at the lowest price on auto insurance.

It's a good idea to price shop coverage quite often because auto insurance prices change frequently. Despite the fact that you may have had the best rate on auto insurance at your last renewal the chances are good that you can find a lower premium rate today. Forget all the misinformation about auto insurance because you're about to find out how to use the internet to eliminate unnecessary coverages and save money on auto insurance.

If you currently have a car insurance policy, you will surely be able to save money using this information. Finding affordable coverage in Rockwall is actually not that difficult if you follow our advice. Although Texas car owners do need to learn how big insurance companies calculate your auto insurance rates and use it to your advantage.

Just keep in mind that comparing a large number of companies increases your odds of finding more affordable insurance. Some smaller insurers do not give online quotes, so you also need to get price estimates from those companies as well.

The companies shown below offer comparison quotes in Texas. If you want to find the cheapest auto insurance in Texas, we suggest you compare several of them to get the lowest price.

Insurance Rates for Popular Vehicles in Rockwall
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LT Crew Cab 4WD $1,260 $630 $105
Dodge Ram Quad Cab Laramie 4WD $1,422 $711 $119
Ford Escape XLT 4WD $1,422 $711 $119
Ford Explorer XLT 2WD $1,004 $502 $84
Ford F-150 XLT Regular Cab 2WD $1,380 $690 $115
Ford Focus S 4-Dr Sedan $1,122 $561 $94
Honda Accord LX-S 2-Dr Coupe $1,352 $676 $113
Honda CR-V EX-L 2WD $1,006 $503 $84
Honda Civic EX-L 2-Dr Coupe $1,242 $621 $104
Honda Odyssey LX $1,380 $690 $115
Hyundai Elantra Blue 4-Dr Sedan $1,042 $521 $87
Nissan Altima 3.5 SR 2-Dr Coupe $1,840 $920 $153
Toyota Camry LE $1,512 $756 $126
Toyota Corolla XRS $1,578 $789 $132
Toyota Prius $1,286 $643 $107
Toyota Tacoma 2WD $1,292 $646 $108
Volkswagen Jetta 2.0T Station Wagon $1,178 $589 $98
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in specific Rockwall garaging location which can modify insurance rates greatly.

Drive safe and save

The illustration below illustrates how violations and accident claims can increase Hyundai Elantra car insurance costs for each different age category. The information is based on a married female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

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

Does it make sense to buy full coverage?

The chart below shows the difference between Honda Accord insurance rates when comparing full coverage to state minimum liability only. Data assumes no tickets, no at-fault accidents, $1,000 deductibles, married male driver, and no other discounts are factored in.

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

When to drop comprehensive and collision

There is no set rule of when to exclude physical damage coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.

For example, let's pretend your Honda Accord replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after you pay the deductible. If you are currently paying more than $700 a year to have full coverage, then it may be the right time to buy liability only.

There are some circumstances where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Car insurance deductibles

One frequently asked question is which deductibles should you choose. The figures shown below illustrate the rate difference between high and low policy deductibles. The first rate table uses a $250 physical damage coverage deductible and the second price table uses a $1,000 deductible.

Ford Escape rates are for example purposes only. To get rates for your specific vehicle, click here.

Ford Escape insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $256 $408 $324 $20 $96 $1,129 $94
Escape XLS 4WD $256 $408 $324 $20 $96 $1,129 $94
Escape XLT 2WD $256 $408 $324 $20 $96 $1,129 $94
Escape Limited 2WD $294 $408 $324 $20 $96 $1,167 $97
Escape XLT 4WD $294 $408 $324 $20 $96 $1,167 $97
Escape Limited 4WD $294 $496 $324 $20 $96 $1,255 $105
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Ford Escape insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $158 $256 $324 $20 $96 $854 $71
Escape XLS 4WD $158 $256 $324 $20 $96 $854 $71
Escape XLT 2WD $158 $256 $324 $20 $96 $854 $71
Escape Limited 2WD $182 $256 $324 $20 $96 $878 $73
Escape XLT 4WD $182 $256 $324 $20 $96 $878 $73
Escape Limited 4WD $182 $312 $324 $20 $96 $934 $78
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in Rockwall location which can raise or lower premium rates significantly.

Using the premium rates above, we can conclude that using a $250 deductible costs an average of $24 more each month or $288 for a full year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 31 months between claims, you would come out ahead if you choose a higher deductible. The table below illustrates an example of how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $97
Average monthly premium for $1,000 deductibles (subtract): - $73
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 31 months

One important issue to know is that a higher deductible results in having to pay to pay more out-of-pocket when you have a physical damage claim. That will necessitate enough money put aside in the event you have to pay the higher deductible.

Shop online but buy locally

Some consumers still like to have an agent's advice and often times that is recommended An additional benefit of getting free rate quotes online is that you can find better rates and still buy from a local agent.

Insurance agents in RockwallFor easy comparison, once you complete this quick form, your insurance coverage information is sent to participating agents in Rockwall who will give you quotes for your business. There is no need to leave your house since price quotes are sent to you instantly. You can most likely find cheaper rates without a big time investment. If you wish to get a price quote from a specific company, just search and find their rate quote page and fill out their quote form.

Picking the best provider should depend on more than just a cheap price. These are some valid questions you should ask.

Different types of car insurance agents in Rockwall

When researching a local Rockwall insurance agency, it helps to know the two types of insurance agents and how they work. Insurance policy providers are classified as either independent agents or exclusive agents.

Exclusive Insurance Agents

Agents that choose to be exclusive can only place business with one company such as Allstate, State Farm and Farmers Insurance. Exclusive agents cannot provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agents receive extensive training on what they offer and that allows them to sell at a higher price point.

Independent Insurance Agents

Agents of this type are not limited to a single company so as a result can place your coverage with multiple insurance companies and find you the best rates. If you are not satisfied with one company, they simply switch companies in-house which requires no work on your part. If you are comparing rate quotes, we recommend you get quotes from multiple independent agents to get the best comparison.

After you get good responses to these questions and locked in a price quote, you may have just found an insurance agent that is professional and can adequately provide insurance.