Who Has Affordable Car Insurance Rates for Business Use in Fort Worth?

Establishing which company has the most affordable car insurance rates for business use will take a bit more work than just getting one or two price quotes. Each auto insurer has their own guidelines for establishing rates, so let’s take a look at the car insurance companies that tend to be cheaper in Fort Worth, TX.

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Cheapest auto insurance in Texas ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,052
2 USAA $1,117
3 Texas Farm Bureau $1,199
4 Germania Mutual $1,282
5 Esurance $1,407
6 California Casualty $1,424
7 State Farm $1,450
8 Mercury $1,506
9 Nationwide $1,538
10 Safe Auto $1,597
11 Progressive $1,715
12 Allstate $1,718
13 Amica $1,775
14 GEICO $2,072
15 Home State $2,155
16 MetLife $2,161
17 Encompass $2,255
18 Unitrin $2,333
19 21st Century $2,421
20 Titan $2,672
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Travelers normally has some of the lowest car insurance rates in Fort Worth at around $1,052 a year. This is $852 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the best Fort Worth, TX auto insurance companies.

As the example above demonstrates, if you currently buy coverage from Germania Mutual and switched to USAA, you could see savings of roughly $165. Drivers with Esurance might save as much as $290 a year, and California Casualty customers might realize rate reductions of up to $307 a year.

To see if you’re overpaying, click here or visit any of the low-priced companies below.

Understand that those policy rates are averages for all ages of drivers and types of vehicles and do not factor in an exact zip code location for business use. So the insurer that has the cheapest rates for you may not even be in the top 23 companies in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.

For using your car for business, one of the largest components that help determine car insurance rates is where you call home. More densely populated places tend to pay slightly more, whereas areas with less crime or weather claims tend to receive cheaper rates.

The illustration below lists the priciest cities in Texas for business use to buy auto insurance in. Fort Worth comes in at #16 with an annual cost of $1,670 for car insurance, which is about $139 each month.

How much does car insurance cost in Fort Worth, TX?
Rank City Annual Premium
1 McAllen $1,996
2 Brownsville $1,908
3 Dallas $1,855
4 Garland $1,850
5 Houston $1,835
6 Laredo $1,833
7 Pasadena $1,812
8 Mesquite $1,807
9 Grand Prairie $1,793
10 Amarillo $1,786
11 Beaumont $1,754
12 San Antonio $1,739
13 Lubbock $1,733
14 Irving $1,719
15 Arlington $1,709
16 Fort Worth $1,670
17 Carrollton $1,647
18 Corpus Christi $1,636
19 Austin $1,627
20 McKinney $1,609
21 El Paso $1,568
22 Plano $1,560
23 Waco $1,522
24 Abilene $1,499
25 Killeen $1,488
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Rates are comparative as the specific garaging location can decrease or increase auto insurance rates substantially.

The chart below demonstrates how deductible levels can affect annual premium costs when researching cheap insurance for business use. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

As shown above, a 40-year-old driver could lower their policy premium by $362 a year by increasing from a $100 deductible up to a $500 deductible, or save $546 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could lower their rates $900 annually by selecting a higher deductible.

When increasing deductibles, it is essential to have plenty of money set aside to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Responsible drivers pay cheaper Fort Worth car insurance rates

A great way to score cheap car insurance prices in Fort Worth for using your car for business is to be a cautious driver and avoid traffic citations and accidents. The diagram below demonstrates how speeding tickets and accident claims can increase premium costs for each age group. The premiums are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are factored in.

The data in the chart shows the average cost of an auto insurance policy per year with no violations or accidents is $2,131. Receive two speeding tickets and the average cost hikes up to $2,807, an increase of $677 each year. Then throw in two accidents along with the two speeding tickets and the yearly cost of car insurance for business use goes up to an average of $5,653. That’s an increase of $3,522, or $294 per month, just for not driving carefully!

Why you should be shopping around

Fort Worth, TX car insurance rates are determined by lots of factors which can substantially decrease or increase the price of coverage. Improving your credit rating, buying a home, or getting a few speeding tickets may prompt premium changes that can cause some rates to be cheaper than competitors.

And not only may your rating factors change, but car insurance companies file new Texas car insurance rates as often as every three months to adjust for heavy claims or excess profits. A period of increased losses can result in rate hikes, while a profitable period can cause cheaper Fort Worth car insurance rates.

To illustrate this example, the graph below demonstrates which company has the cheapest car insurance in Fort Worth, TX for a 35-year-old male driver with no accidents or violations, and a decent credit rating. When comparing rates based on his personal profile, Travelers might offer the most affordable car insurance rates in Fort Worth at $1,181 a year. This is $723 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest Fort Worth, TX auto insurance companies.

Now we will give the driver from the first rate comparison an accident surcharge, slightly worse credit, and a traffic citation. Since every insurance provider has their own unique process for determining rates, comparing prices may now present a different list of the cheapest Fort Worth car insurance companies as shown below.

State Farm now has the cheapest price in Fort Worth, TX with Mercury, Nationwide, USAA, and Safe Auto now being in the top five. This illustrates why it is crucial to shop around to find affordable insurance rates for business use. Insurance rates can be determined by many risk factors and change frequently, so the cheapest company two years ago may now be priced much higher than other options.

If you prefer to have a consultation when shopping for the best coverage for business use, the agencies below can answer your questions and help you decide which car insurance policy is best. To find a Fort Worth insurance agent near you, click the button below the list or click here to compare rates now.

More insurance agents in Fort Worth, TX

How to find economical car insurance for business use

It’s not impossible to find cheaper rates, and here are many thrifty suggestions that can help Fort Worth drivers buy more affordable car insurance.

The final tip is certainly crucial, as we discussed in the prior article. Car insurance rates adjust often, so drivers shouldn’t be resistant to switch companies if a better rate can be found. Having brand loyalty is commendable, but we do not recommend it if that faithfulness ends up costing you hundreds of dollars a year. In less than five minutes you could shop around to find cheaper car insurance for business use in Fort Worth.