Do you need a better way to compare lower-priced insurance rates in University Park, TX? Locating affordable quotes may be impossible for vehicle owners new to quoting and comparison shopping over the internet. With literally dozens of companies, how can University Park drivers have the ability to compare every possible option in order to find the cheapest price possible?

Astonishing but true, most insurance buyers kept their coverage with the same insurance company for at least the last four years, and nearly 40% of drivers have never compared rates with other companies. Drivers in Texas could save themselves approximately 70% a year just by comparing rates, but they won't spend time to do a rate comparison.

If you have auto insurance now, you will most likely be able to find the best rates using the concepts covered in this article. Our objective in writing this article is to introduce you to how car insurance companies work and how you can save the most money. But Texas drivers can benefit by having an understanding of the methods companies use to calculate their prices and use it to your advantage.

It's important to know that comparing more rates from different companies helps you find a better price.

The providers in the list below provide price quotes in University Park, TX. If multiple companies are listed, it's a good idea that you visit two to three different companies to get the best price comparison.

Insurance Costs for Popular Vehicles in University Park
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Malibu LTZ $1,472 $736 $123
Chevrolet Silverado LTZ Crew Cab 2WD $1,492 $746 $124
Dodge Ram Crew Cab ST 2WD $1,360 $680 $113
Ford Escape Limited 2WD $1,134 $567 $95
Ford F-150 STX Regular Cab 4WD $1,052 $526 $88
Ford Focus SEL 4-Dr Sedan $1,556 $778 $130
Honda Accord LX 4-Dr Sedan $748 $374 $62
Honda CR-V EX-L 4WD $1,098 $549 $92
Honda Civic EX-L 4-Dr Sedan $1,000 $500 $83
Honda Odyssey Touring $970 $485 $81
Jeep Grand Cherokee Laredo 4WD $1,202 $601 $100
Jeep Wrangler Rubicon 4WD 2-Dr $1,214 $607 $101
Nissan Altima 3.5 SR 2-Dr Coupe $1,394 $697 $116
Toyota Camry Hybrid $1,172 $586 $98
Toyota Corolla XLE $1,224 $612 $102
Toyota Tacoma Double Cab 4WD $1,006 $503 $84
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in vehicle location which can alter prices significantly.

Drive safe and save

The diagram below demonstrates how speeding tickets and fender-benders increase Hyundai Elantra insurance rates for different ages of insureds. The data is based on a single female driver, comprehensive and collision 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.

Higher deductibles save money

The hardest decision when buying coverage is which deductible level should you buy. The comparisons below may help to illustrate the cost difference of buying low and high deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.

Nissan Sentra insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sentra 2 $256 $496 $382 $22 $114 $1,295 $108
Sentra 2.0 S $256 $584 $382 $22 $114 $1,383 $115
Sentra 2.0 SR $256 $584 $382 $22 $114 $1,383 $115
Sentra 2.0 SL $294 $584 $382 $22 $114 $1,421 $118
Sentra SE-R $294 $584 $382 $22 $114 $1,421 $118
Sentra SE-R SPEC V $294 $672 $382 $22 $114 $1,509 $126
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Nissan Sentra insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sentra 2 $158 $312 $382 $22 $114 $988 $82
Sentra 2.0 S $158 $368 $382 $22 $114 $1,044 $87
Sentra 2.0 SR $158 $368 $382 $22 $114 $1,044 $87
Sentra 2.0 SL $182 $368 $382 $22 $114 $1,068 $89
Sentra SE-R $182 $368 $382 $22 $114 $1,068 $89
Sentra SE-R SPEC V $182 $424 $382 $22 $114 $1,124 $94
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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 multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rates do not factor in zip code location which can affect insurance rates considerably.

Using the premium rates above, we can conclude that using a $250 deductible would cost the average driver about $29 more each month or $348 a year than buying 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 tend to have at a minimum 26 months between claims, you would probably be better off if you opt for a higher deductible. The table below illustrates a better example of how this decision is made.

Average monthly premium for $250 deductibles: $117
Average monthly premium for $1,000 deductibles (subtract): - $88
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

An important sidenote is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket at claim time. You need to make sure you have some available funds in order to pay the deductible.

Car insurance deductibles

The information below highlights how deductible choice and can influence Hyundai Sonata insurance premiums for different categories of driver ages. The price estimates are based on a married female driver, full coverage, and no discounts are taken into consideration.

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

It may be expensive, but it's not optional

Even though rates can get expensive, insuring your vehicle is required by state law in Texas and it also provides benefits you may not be aware of.

First, most states have mandatory liability insurance requirements which means you are required to buy a specific level of liability in order to drive the car. 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.

Second, if your vehicle has a loan, more than likely the lender will have a requirement that you carry insurance to guarantee loan repayment. If you default on your policy, the bank or lender will purchase a policy for your vehicle for a lot more money and force you to pay the higher premium.

Third, car insurance preserves both your vehicle and your personal assets. Insurance will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance greatly outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver overpays more than $820 a year so smart consumers compare quotes every year to help ensure money is not being wasted.

Truth in auto insurance advertising

Well-known auto insurance companies like State Farm, Allstate and GEICO continually stream television, radio, and online ads. They all seem to advertise the message that drivers will save a bundle after switching your policy. Is it even possible that every company can charge you a lower premium? It's all in the numbers.

Companies require specific criteria for the type of customer that earns them the highest profit. One example of a profitable customer may need to be over the age of 35, carries full coverage, and insures a new vehicle. Any customer who meets those qualifications will get low car insurance rates and therefore will save quite a bit of money when switching.

People who cannot meet this ideal profile may be required to pay higher premiums and the prospect going elsewhere. If you listen closely, the ads state "drivers that switch" not "all people who quote" save money. This is how insurance companies can confidently state the savings.

This really drives home the point why drivers should compare free University Park auto insurance quotes often. It is impossible to guess with any certainty which company will have the best prices for your profile.

Slash rates with these discounts

Not too many consumers would say auto insurance is affordable, but discounts can save money and there are some available that can help lower your rates. Certain reductions will be credited when you get a quote, but a few need to be specifically requested before being credited. If you don't get every credit possible, you could be getting lower rates.Discount auto insurance

While discounts sound great, it's important to understand that most of the big mark downs will not be given to the entire cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, that's just not realistic. But all discounts will positively reduce your policy premium.

Large auto insurance companies and a selection of discounts can be read below.

Check with each company which discounts they offer. Discounts might not be available to policyholders in University Park. To find insurers who offer free auto insurance quotes in University Park, click here.

Auto insurance claim information

Which makes and models have the fewest claims? The statistics below list the best and worst manufacturer models for overall likelihood of having large claims.

Lowest and Highest Collision Insurance Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Ford F-250 SuperCab Audi RS7
GMC Canyon Bently Continental GTC
Chevrolet Colorado Nissan GT-R
Smart ForTwo BMW 6 Series
Nissan Xterra Bently Continental GT
Jeep Wrangler Ferrari 458

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Liability Insurance Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Acura MDX Chevrolet Sonic
Fiat 500 Hyndai Accent
Chevrolet Corvette Kia Optima
Subaru Outback Kia Rio
Volvo XC60 Chevrolet Cruze
Subaru Forester Chevrolet Impala

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Medical Payment Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Ford F-350 SuperCrew Nissan Sentra
Audi A4 Allroad Nissan Versa
Chevrolet Silverado 2500 Chrysler 200
Tesla Model S Chevrolet Spark
Ford Expedition Dodge Charger
Land Rover Range Rover Sport Mitsubishi Mirage

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicles with the Lowest and Highest Comprehensive Claims
Lowest Claim Amount Highest Claim Amount
Chevy Silverado 2500 Mercedes-Benz S Class
Infiniti QX50 Bentley Continental GT
Nissan Xterra Maserati Granturismo
GMC Sierra 2500 Porsche Panamera GTS
Ford F-350 Audi S7
Smart ForTwo Maserati Quattroporte

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Persistence pays off

Low-cost auto insurance in University Park is possible both online and also from your neighborhood University Park agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who may not offer rates over the internet and usually these small insurance companies prefer to sell through local independent agents.

While you're price shopping online, it's a bad idea to buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced full coverage only to discover later that the small savings ended up costing them much more. Your objective should be to purchase plenty of coverage for the lowest cost.

Insureds change insurance companies for a variety of reasons including questionable increases in premium, unfair underwriting practices, delays in responding to claim requests and high rates after DUI convictions. No matter why you want to switch, finding a great new company can be pretty painless.

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