What Insurance is Cheapest for Low Income Drivers in Fort Worth?

The type of vehicle that needs insurance is one of the largest considerations when comparing quotes for cheap car insurance for low income drivers. Vehicles with high performance features, a lack of modern safety features, or a history of substantial liability claims will cost quite a bit more to insure than more modest models.

The information below estimates auto insurance rates for a number of the cheaper automobiles to buy coverage for.

Cheapest Vehicles to Insure in Fort Worth, TX
Vehicle Insured Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $882
Hyundai Elantra GLS Touring Station Wagon $892
Honda CR-V EX 4WD $903
Chevrolet Silverado LS Regular Cab 4WD $969
Ford Explorer XLT AWD $990
Ford Escape XLT 4WD $1,021
Toyota RAV4 Limited 4WD $1,045
Dodge Grand Caravan Crew $1,064
Toyota Prius $1,070
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,076
Honda Odyssey EX-L $1,102
Ford Edge Sport AWD $1,108
Nissan Rogue S AWD $1,119
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium amounts do not factor in specific Fort Worth, TX garaging location which can raise or lower prices greatly.

Based upon the rates shown, we can conclude that makes and models like the Honda Accord, Hyundai Elantra, and Honda CR-V will definitely be a few of the cheapest vehicles to insure for poor drivers.

Finding dependable, low-cost car insurance is not the easiest thing to accomplish, and figuring out which company has the cheapest auto insurance rates for low income drivers involves a bit more work.

Each company has their own process to determine rates, so let’s take a look at the lowest cost auto insurance companies in Texas. We do need to point out that Texas auto insurance rates are impacted by many things that may substantially change the price you pay for coverage. Price variation is why drivers need to shop around with many companies when trying to get the lowest insurance rates for low income drivers. Insurance rates can be altered by many things and can change substantially, so the best option six months ago may now be an over-priced policy.

Cheap Insurance Rates in Texas

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Cheapest auto insurance in Texas ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,095
3 Texas Farm Bureau $1,247
4 Germania Mutual $1,282
5 Esurance $1,379
6 California Casualty $1,438
7 Mercury $1,476
8 State Farm $1,510
9 Safe Auto $1,549
10 Nationwide $1,585
11 Progressive $1,664
12 Allstate $1,701
13 Amica $1,775
14 Home State $2,155
15 GEICO $2,156
16 MetLife $2,227
17 Unitrin $2,241
18 Encompass $2,255
19 21st Century $2,421
20 Titan $2,594
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Travelers may offer some of the lowest car insurance rates in Fort Worth at around $1,021 annually. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the cheaper Fort Worth, TX auto insurance companies.

As shown in the rates above, if you currently have a policy with Germania Mutual and switched to USAA, you may see a yearly savings of roughly $187. Texas drivers with Esurance could save as much as $284 a year, and California Casualty policyholders might cut rates by $343 a year.

Understand that those prices are averages across all drivers and vehicles in Texas and do not factor in an exact zip code location for low income drivers. So the insurer that is best suited for you may not even be in the list above. That emphasizes why you need to get rate quotes using your own specific driver information and vehicle.

One of the more important considerations that help determine the annual cost of car insurance is where you live. More densely populated places will most likely pay more, whereas areas with less crime or weather claims can boast about having cheaper rates.

The illustration below shows the most expensive areas in Texas for low income drivers to buy auto insurance in. Fort Worth is ranked #15 with a yearly cost of $1,670 for car insurance, which is about $139 per month.

How much does car insurance cost in Fort Worth, TX?
Rank City Annual Rate
1 McAllen $1,936
2 Houston $1,891
3 Laredo $1,889
4 Brownsville $1,870
5 Dallas $1,855
6 Amarillo $1,840
7 Garland $1,832
8 Grand Prairie $1,811
9 Mesquite $1,807
10 Pasadena $1,758
11 San Antonio $1,739
12 Irving $1,736
13 Beaumont $1,702
14 Arlington $1,692
15 Fort Worth $1,670
16 Lubbock $1,665
17 Corpus Christi $1,636
18 El Paso $1,632
19 Austin $1,627
20 Plano $1,624
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Rate quotes are comparative as specific location information can impact premium rates significantly.

Buying coverage from the highest-rated insurance provider can be a challenge considering how many different insurance companies sell coverage in Fort Worth. The ranking data listed below may help you pick which auto insurance companies you want to consider when comparing rate quotes.

The ratings below are only made up of large, nationwide insurance companies, so smaller companies that only insure vehicles in Texas will not be included in these rankings. If you’d like to compare prices from these and other companies in Texas, simply click here.

Top 10 Large Auto Insurance Companies in Fort Worth Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Large Auto Insurance Companies Overall in Fort Worth

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Full coverage rates vs. liability-only

Finding the cheapest auto insurance is the goal of the majority of drivers, and one way to buy cheap insurance for low income drivers is to buy liability only. The illustration below illustrates the comparison of auto insurance rates with and without full coverage. The premium estimates are based on no claims or violations, $250 deductibles, single status, and no other discounts are factored in.

If averaged out across all ages, full coverage on your policy costs $2,000 per year more than just buying liability insurance. At some point, every insured wonders if paying for full coverage is a waste of money. There isn’t a steadfast formula that is best for determining when to drop physical damage insurance, but there is a broad guideline. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

There are some cases where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.

The diagram below illustrates how your choice of deductibles can impact insurance rates when searching for cheap insurance for low income drivers. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

The chart above illustrates that a 30-year-old driver could lower rates by $302 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $456 by selecting a $1,000 deductible. Even younger insureds, like the Age 20 category, could drop their prices up to $646 or even more just by using higher deductibles.

If you do decide to increase your deductibles, it is essential to have enough in a savings account to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.

Don’t stick with an overpriced policy

Fort Worth auto insurance rates are based on many factors which can significantly increase or decrease the policy premium. Simply getting older, increasing liability limits, or getting a couple of tickets may generate price changes that can now make some companies cheaper than others. Not only may your situation change, but car insurance companies modify rates as needed in order to be able to pay unexpected claims. Heavy losses may cause higher priced premiums, while profitable underwriting can cause more affordable Fort Worth car insurance rates.

For example, the bar chart below analyzes the cheapest car insurance in Fort Worth, TX for a 45-year-old male driver with no accidents or violations, and good credit. If we estimate prices based on his current rating profile, Travelers may have the best car insurance rates in Fort Worth at $1,068 each year. This is $836 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the most affordable Fort Worth, TX auto insurance companies.

The next chart shows rates after we give the driver from the first example some claims, a lower credit score, and a speeding citation. Due to the fact that each insurance company has their own formula to determining premium rates, comparing quotes most likely will result in a different list of the cheapest car insurance companies in Fort Worth as shown below.

Mercury now has the lowest price on auto insurance in Fort Worth with State Farm, USAA, Safe Auto, and Nationwide completing the list. This demonstrates why drivers need to spend some time comparing rates to get the best insurance quotes for low income drivers.

Prices are made up of many risk factors and can increase or decrease at any time, so the best option the last time you checked may now be quite expensive.

If you aren’t clear which coverage you need and would like to have a consultation when comparing insurance rates for low income drivers, the professional agents shown below are willing to help you determine which auto insurance policy would work best for you. To locate a Fort Worth insurance agent close to you, click the button following the list or click here to compare rates now.

Al Boenker Insurance Agency, Inc.
6030 Jacksboro HwyFort Worth, TX 76135(817) 306-2300

Alberta Blocker Insurance Agency
3304 Swan StFort Worth, TX 76117(817) 335-3400

Allstate Insurance: Cecil A. Nutall
6716 Brentwood Stair RdFort Worth, TX 76112(817) 451-7996

Clint Goin – State Farm Insurance Agent
7420 N Beach St #234Fort Worth, TX 76137(817) 485-5660

Hemphill Insurance Agency
3121 Hemphill StFort Worth, TX 76110(817) 923-2001

More insurance agents in Fort Worth, TX