The words “affordable” and “insurance” probably shouldn’t be used together, specifically when comparison shopping for the best insurance rates for infrequent drivers. Because it’s not cheap, let’s teach you a few of the things that help determine insurance rates, and see if you can lower the price of the next policy you buy.
Finding out which company quotes the cheapest auto insurance rates for infrequent drivers requires a little more sweat in order to find the most economical policy.
Every auto insurer uses different criteria to determine rates, so to begin we’ll rank the most budget-friendly auto insurance companies in Fort Worth, TX. It’s a good idea to know that Fort Worth, TX auto insurance rates are impacted by many things which can substantially change the policy price. Simply turning a year older, buying a home, or getting a DUI may generate price changes that can make some companies more affordable than competitors.
Find the Best Cheap Insurance in Texas
Travelers normally has some of the most affordable car insurance rates in Fort Worth at around $1,041 each year. This is $863 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also make the list of some of the lowest-priced Fort Worth, TX car insurance companies.
As the rates illustrate above, if you have coverage with Texas Farm Bureau and switched to Travelers, you might achieve a yearly price reduction of about $170. Policyholders with Germania Mutual could save as much as $241 a year, and California Casualty customers might reduce rates by $355 a year.
Understand that those policy rates are averaged for all drivers and vehicles and do not take into consideration a specific zip code for infrequent drivers. So the company that fits your situation best may not even be in the top 23 companies in the list above. That’s why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
For low mileage drivers, one of the largest things that determine the amount you pay for auto insurance is your address in Fort Worth. Areas with more people or higher crime rates likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The information below rates the most expensive areas in Texas for infrequent drivers to purchase auto insurance in. Fort Worth is ranked #18 with an annual cost of $1,653 for the average policyholder, which is around $138 each month.
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Table data uses comparative as the vehicle garaging location can lower or raise auto insurance rates considerably.
Get discounts on Fort Worth auto insurance rates
Insurance providers that offer cheap quotes for infrequent drivers may have policy discounts that could lower prices by 30% or more if you meet certain criteria. A list of companies and some of the premium reductions they offer are:
- American Family may include discounts for bundled insurance, early bird, Steer into Savings, TimeAway discount, air bags, and accident-free.
- State Farm discounts include multiple autos, Steer Clear safe driver discount, student away at school, defensive driving training, multiple policy, and good driver.
- 21st Century may have discounts that include early bird, student driver, good student, theft prevention, homeowners, and automatic seat belts.
- Travelers offers discounts for early quote, driver training, hybrid/electric vehicle, payment discounts, new car, home ownership, and multi-policy.
- GEICO has savings for seat belt use, daytime running lights, air bags, military active duty, membership and employees, and defensive driver.
The example below compares auto insurance costs with and without policy discounts. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with anti-theft, passive restraint, claim-free, accident-free, defensive driving course, and marriage discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for infrequent drivers is 28% or $782.
Should you buy full coverage?
Buying cheaper auto insurance is probably important to most vehicle owners, and one way to pay less for insurance for infrequent drivers is to only buy liability insurance. The chart below illustrates the comparison of auto insurance costs when comparing full coverage to liability only. The information is based on a clean driving record, no claims, $100 deductibles, single marital status, and no discounts are applied.
If all age groups are averaged, full coverage on your policy costs an extra $2,974 per year over and above liability only. Many drivers will wonder if full coverage is worth the money. There is no set rule to stop paying for comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s assume your vehicle’s replacement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $10,000 after paying your deductible. If you are paying over $1,000 annually to have full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Low rates can quickly become overpriced
Texas auto insurance rates are influenced by many factors that can increase the price you have to pay. Simply improving your credit, getting married, or getting a few speeding tickets may cause policy rate changes that may make certain companies cheaper than competitors.
Additionally, insurance companies file new Texas car insurance rates every year or even multiple times each year as an adjustment for underwriting gains or losses. Unexpectedly high claims may cause rate increases, while a better claims history may produce cheaper Fort Worth car insurance rates.
To illustrate this point, the graph below shows rates for the cheapest car insurance in Fort Worth, TX for a 30-year-old female driver with no prior claims, no tickets, and good credit. If we estimate rates based on her personal risk profile, Travelers offers the best car insurance rates in Fort Worth at $1,169 annually. This is $735 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest Fort Worth, TX auto insurance companies.
The example below compares rates after we give the driver from the first set of rates an accident claim, poor credit, and a stop sign violation. Because each company has a different process for filing rates in each state, comparing prices may result in a substantially altered list of affordable companies as shown below.
State Farm now has the lowest car insurance rate in Fort Worth, TX with Mercury, USAA, Nationwide, and Safe Auto now being in the top five. This shows why it is crucial to compare as many rates as possible to find the most affordable auto insurance rates for infrequent drivers.
Insurance rates can be determined by many different factors and change frequently, so the best option when you last compared rates may now be one of the higher cost companies.
How to find budget-friendly insurance for infrequent drivers
The list below shows some thrifty solutions that can help Texas drivers quote low-cost coverage.
- Buy your homeowners policy from the same company as your auto insurance
- Serious violations like DUI or reckless driving can increase rates dramatically
- Avoid accidents and claims
- Claim-free drivers earn discounts
- Remove physical damage coverage on older vehicles
- The safer your car, the less it costs to insure
- Compare rate quotes often
The last suggestion is extraordinarily important, as was stressed in the prior article. Prices charged by car insurance companies in Fort Worth change a lot, so don’t hesitate to switch to a new company if a more affordable price is available. Sticking with a specific company is fine, but it’s not recommended if that faithfulness ends up costing you hundreds of dollars year after year. If you have a few minutes, compare rates and find cheaper auto insurance for infrequent drivers.
If you wish to have the advice of a professional agent when comparing insurance rates for infrequent drivers, the professional agents shown below can answer your questions and help you decide which car insurance policy is best.
To locate a Fort Worth auto insurance agent using an interactive map, click the button following the list or click here to compare price quotes now.
Allstate Insurance: Cecil A. Nutall
6716 Brentwood Stair Rd – Fort Worth, TX 76112 – (817) 451-7996
Bob McCright – State Farm Insurance Agent
6231 Oakmont Blvd – Fort Worth, TX 76132 – (817) 294-9858
Laura Geninatti – State Farm Insurance Agent
7510 Davis Blvd Ste A – Fort Worth, TX 76182 – (817) 281-1191