It’s hard to avoid all the catchy commercials from insurers like The General and Farmers promising the cheapest rates, so you should just choose any one of them, right?
It’s not that easy, however, as there are a whole bunch of unknown aspects like if you are a homeowner, your credit score, the number of miles you drive in a year, and what level of deductibles you wish to have. In this article, we will cover the best ways to save money and will hopefully give you a solid foundation to find cheaper car insurance in Fort Worth.
The vehicle model requiring coverage is one of the primary factors when comparison shopping for low-priced coverage for state employees. Vehicles with lower acceleration and performance, a plethora of safety features, or low incidents of liability claims will cost much less to insure than fast, unsafe models.
The next list illustrates coverage rates for some of the most budget-friendly automobiles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$992|
|Ford F-150 XL Regular Cab 2WD||$1,026|
|Ford Escape Limited 4WD||$1,077|
|Ford Explorer XLT 4WD||$1,111|
|Ford Edge Limited 2WD||$1,151|
|Ford Focus SE 4-Dr Sedan||$1,158|
|Toyota RAV4 4WD||$1,174|
|Honda Accord EX-L 4-Dr Sedan||$1,183|
|Dodge Grand Caravan SXT||$1,196|
|Ford Fusion Sport 4-Dr Sedan||$1,259|
|Jeep Grand Cherokee Limited 2WD||$1,264|
|Chevrolet Equinox LTZ 2WD||$1,259|
|Volkswagen Jetta 2.0T Station Wagon||$1,277|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,282|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,293|
|Honda Odyssey EX||$1,297|
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in zip code location which can influence premium rates considerably.
Looking at the rates, vehicles like the Honda CR-V, Ford F-150, Ford Escape, and Ford Explorer are most likely to be a few of the cheapest vehicles to insure for state workers.
One of the many components that help determine the amount you pay each year for auto insurance is your address in Fort Worth. Cities with larger populations tend to have higher rates, whereas areas with lower crime rates and fewer weather claims can boast about having cheaper rates.
The illustration below ranks the highest-priced areas in Texas for state employees in which to buy car insurance. Fort Worth is ranked #19 having an annual price of $1,604 for the average policy, which is about $134 monthly.
|Rank||City||Premium Per Year|
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Annual rates are comparative as the specific geographic location can lower or raise coverage prices significantly.
Comparison of full coverage and liability-only policies
Reducing the cost of insurance is the goal of the majority of people, and a good way to reduce the cost of insurance for state employees is to only buy liability coverage. The chart below illustrates the difference between car insurance rates with full physical damage coverage and with liability coverage only. The premium estimates are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no other discounts are factored in.
If we average all the age groups together, comprehensive and collision coverage on your policy costs an extra $1,598 per year more than just buying liability insurance. That raises the question if paying for full coverage is a waste of money. There is no specific rule to drop comp and collision coverage, but there is a general convention. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s settlement value is $10,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $9,500 after you pay the deductible. If it’s costing in excess of $950 annually to have full coverage, then you might want to think about dropping full coverage.
The chart below highlights how deductible choice can influence annual premium costs when trying to find cheap insurance for state employees. The price estimates are based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.
In the chart above, a 40-year-old driver could reduce rates by $314 a year by switching from a $100 deductible to a $500 deductible, or save $472 by using a $1,000 deductible. Even younger insureds, like the age 20 example, could drop their prices up to $1,026 annually by choosing larger deductibles on their policy. When insureds make the decision to increase the deductibles on their policy, it will be important to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
Tips for finding cheaper car insurance for state employees
Below you’ll find a few thrifty solutions that can help you locate low-cost coverage.
- Drivers with good credit often pay less
- If possible, do not file small claims
- Safe vehicles generally have lower rates
- Keep your driving record clean
- Prevent rate increases by staying accident-free
- Compare rates and switch if you can find a better deal
That last idea is particularly necessary, as was discussed in this piece. Auto insurance rates vary considerably, so don’t be tentative to buy a policy from a new company if a lower price can be found. Staying with the same car insurance company is fine, but we do not recommend it if that loyalty results in overpaying potentially thousands of dollars a year. Spend a few minutes and compare rates to find cheaper car insurance for state employees in Fort Worth.
The agencies below are willing to help you determine which auto insurance policy would work best for you, as lots of people like to have professional advice when trying to find lower insurance rates for state workers. It can be hard to find the best policy yourself, so using a licensed agent can bring satisfaction knowing your coverage gives you enough coverage if you have a claim.
To find a Fort Worth insurance agent by location nearest to you, click the button at the bottom.
Matt Poston – State Farm Insurance Agent
3417 Hulen St #203 – Fort Worth, TX 76107 – (817) 732-1611
Lucien Wright Insurance Services
6000 Western Pl #100 – Fort Worth, TX 76107 – (817) 335-3400
Calvin Harris – State Farm Insurance Agent
1100 Bridgewood Dr #100 – Fort Worth, TX 76112 – (817) 451-2511