Who Has Affordable Car Insurance for First-time Drivers in Fort Worth?

The words “cheap” and “auto insurance” really shouldn’t be used together, especially when you are searching for the cheapest auto insurance for first-time drivers. Let’s learn about a few of the factors that have an impact on car insurance premiums, and find out if you can lower the cost of your next policy.

For new drivers, one of the largest criteria that determine the cost of insurance is where you live in Fort Worth. Cities with larger populations will most likely have higher rates, whereas areas that tend to be more rural receive better rates.

The table below sorts the most expensive places in Texas for first-time drivers to buy an auto insurance policy in. Fort Worth is listed at #15 with a yearly cost of $1,670 for the average insurance policy, which is around $139 per month.

How much does car insurance cost in Fort Worth, TX?
Rank City Premium Per Year
1 McAllen $1,956
2 Dallas $1,893
3 Laredo $1,889
4 Amarillo $1,858
5 Brownsville $1,851
6 Houston $1,835
7 Garland $1,832
8 Mesquite $1,825
9 Pasadena $1,758
10 Beaumont $1,754
11 Grand Prairie $1,740
12 San Antonio $1,739
13 Irving $1,736
14 Austin $1,676
15 Fort Worth $1,670
16 Lubbock $1,665
17 Arlington $1,658
18 Plano $1,624
19 McKinney $1,609
20 Carrollton $1,598
21 Corpus Christi $1,572
22 El Paso $1,568
23 Abilene $1,545
24 Waco $1,522
25 Killeen $1,518
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Premium costs are estimated as the specific zip code location can modify rates greatly.

The vehicle you are trying to insure is probably the most important factor when comparing low-cost coverage for first-time drivers. Vehicles with lots of speed or power, a lack of modern safety features, or a track record of large liability claims will cost more to insure than more modest models.

The next table estimates insurance premiums for some of the most cost-effective vehicles to buy coverage for.

Cheapest Vehicles to Insure in Fort Worth, TX
Vehicle Insured Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $3,768
Honda CR-V EX 4WD $3,807
Ford Escape Limited 2WD $3,814
Toyota Prius $4,092
Jeep Wrangler Sport Islander Package 4WD 2-Dr $4,184
Ford Edge SE 2WD $4,194
Toyota Tacoma 2WD $4,430
Honda Odyssey EX $4,438
GMC Sierra SLE Regular Cab 2WD $4,469
Toyota RAV4 Limited 4WD $4,474
Chevrolet Equinox LS 2WD $4,469
Nissan Altima 2.5 4-Dr Sedan $4,474
Ford Fusion S 4-Dr Sedan $4,469
Chevrolet Malibu LT $4,508
Ford Explorer Eddie Bauer AWD $4,518
Dodge Grand Caravan SXT $4,508
Ford Focus SEL 4-Dr Sedan $4,676
Honda Civic EX 4-Dr Sedan $4,686
Toyota Corolla S $4,715
Hyundai Elantra SE 4-Dr Sedan $4,725
Chevrolet Impala LTZ $4,715
Jeep Grand Cherokee Limited 4WD $4,754
Volkswagen Jetta SEL 4-Dr Sedan $4,760
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Prices based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can influence premiums greatly.

Based on these rates, cars like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius are likely to be a few of the most affordable vehicles to insure for new drivers. The cost of a car insurance policy will be higher anyway just because there is a higher risk for first-time drivers, but in general those vehicles will have the lowest prices available.

Choosing the best insurance company can be rather challenging considering how many different companies sell coverage in Fort Worth. The company information shown below can help you analyze which auto insurance companies you want to consider to insure your vehicles.

These rankings are only comprised of large insurance companies, so companies that have a smaller presence are not included in this list. To get price quotes from these top insurers and more, click this link.

Best Auto Insurance Companies for First-time Drivers in Texas
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Does it make sense to buy full coverage?

Reducing premiums for auto insurance should be important to the majority of drivers, and one good way to reduce the cost of insurance for first-time drivers is to buy liability only. The example below shows the comparison of premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims or violations, $500 deductibles, single marital status, and no discounts are factored in.

If we average the cost for ages 20 through 70, physical damage insurance costs an extra $1,793 per year over having just liability coverage. Many of you may wonder if full coverage is worth the money. There is no exact formula for excluding physical damage insurance, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

Safe drivers pay less for auto insurance

The recommended way to enjoy cheap auto insurance prices in Fort Worth for new drivers is to be a cautious driver and have a clean driving record. The chart below highlights how speeding tickets and at-fault collisions drive up insurance rates for different age groups of insureds. The premiums assume a single male driver, full coverage, $100 deductibles, and no additional discounts are factored in.

In the example above, the average cost of a car insurance policy per year with no violations or accidents is $2,181. Get one speeding ticket and the average cost hikes up to $2,456, an increase of $275 each year. Then throw in two accidents along with the one speeding ticket and the yearly cost of auto insurance for first-time drivers jumps again to an average of $4,766. That’s an increase of $2,586, or $215 per month, just for not driving responsibly!

Why you are probably overpaying for car insurance

Fort Worth auto insurance rates are calculated based on many things that control the cost of a policy. Turning one year older, getting married, or having an accident can trigger rate changes that may make certain companies more affordable than before. Not only may your risk profile change, but car insurance companies change premium rates as needed in order to protect their financial rating. Significantly higher claims may cause higher prices, while lower claim expenses may cause more affordable Fort Worth car insurance rates.

To illustrate this point, the data below compares the cheapest car insurance in Fort Worth, TX for a 45-year-old male driver with no accidents or violations, and a good credit history. If we look at prices based on his personal risk profile, Travelers offers the best car insurance rates in Fort Worth at $1,100 per year. This is $804 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the top five cheapest Fort Worth, TX auto insurance companies.

The next chart shows rates after we give the driver from the first rate comparison a claim, a lower credit rating, and a blemish on his driving record. Because each company has a proprietary method to determining premium rates, comparing prices could now result in a significantly different list of cheap Fort Worth auto insurance companies as shown below.

State Farm now has the lowest car insurance rate in Fort Worth, TX with Mercury, Nationwide, Safe Auto, and USAA now rounding out the top five. This example shows why consumers need to compare lots of rates when trying to find the most affordable insurance quotes for first-time drivers.

Insurance rates are impacted by many risk factors and change dramatically, so the best price the last time you shopped around may now be priced much higher than other options.