One of the many things that determine the cost of insurance is where you choose to live. Areas with more people or more claims are more likely to pay higher prices, whereas areas with less crime or weather claims get the luxury of paying less.
The next table rates the highest-priced places in Texas for inexperienced drivers in which to buy car insurance. Fort Worth ranks #17 costing $1,670 for the average policyholder, which is about $139 per month.
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Price information shown is approximated as zip code location can increase or decrease prices considerably.
The vehicle you are seeking coverage for is a large consideration in finding cheap car insurance for inexperienced drivers. Vehicles with lots of horsepower, a lack of advanced safety features, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models. The information below estimates coverage rates for a handful of the more affordable vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$956|
|Toyota Tacoma 4WD||$1,050|
|Hyundai Elantra GLS Touring Station Wagon||$1,058|
|Nissan Altima 2.5 4-Dr Sedan||$1,111|
|Jeep Grand Cherokee Laredo 2WD||$1,117|
|Chevrolet Equinox LS AWD||$1,111|
|Ford Escape Limited 4WD||$1,117|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,122|
|Ford Explorer Limited AWD||$1,130|
|Ford Focus SES 4-Dr Sedan||$1,148|
|Honda Civic VP 4-Dr Sedan||$1,154|
|Ford F-150 Lariat Crew Cab Platinum 2WD||$1,189|
|GMC Sierra SL Crew Cab 4WD||$1,199|
|Hyundai Sonata GLS 4-Dr Sedan||$1,191|
|Nissan Rogue S AWD||$1,198|
|Ford Edge Limited 2WD||$1,191|
|Toyota RAV4 4WD||$1,215|
|Dodge Grand Caravan Hero||$1,221|
|Chevrolet Malibu Hybrid||$1,250|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium costs do not factor in Fort Worth, TX location which can impact coverage prices substantially.
Looking at the data, you can infer that makes and models like the Honda CR-V, Toyota Tacoma, Hyundai Elantra, Nissan Altima, and Jeep Grand Cherokee will be a few of the most affordable vehicles to insure for new drivers.
How much more does full coverage cost?
Paying a lower price for insurance is important to most drivers, and one of the fastest ways to pay less for insurance for inexperienced drivers is to not buy comprehensive and collision coverage. The illustration below illustrates the difference between insurance rates when comparing full coverage to liability only. The premiums assume a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no policy discounts are applied.
If averaged out across all ages, physical damage coverage costs an additional $2,974 per year more than just buying liability insurance. Lot’s of drivers question if paying for full coverage is worth it. There is no definitive guideline to delete comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s pretend your vehicle’s settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after the policy deductible has been paid. If you are paying over $500 a year for your policy with full coverage, then you might want to think about dropping full coverage.
There are a few situations where only buying liability is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
Impact of citations and accidents on Fort Worth insurance rates
The obvious way to enjoy cheap insurance rates for new drivers is to drive cautiously and avoid at-fault accidents and violations. The information below demonstrates how citations and at-fault collisions drive up auto insurance costs for each different age group. The price estimates are based on a single male driver, full coverage, $250 deductibles, and no additional discounts are factored in.
In the example above, the average cost of auto insurance per year with no accidents or violations is $2,000. Receive two speeding tickets and the average cost hikes up to $2,648, an increase of $648 each year. Then add in two accidents along with the two speeding tickets and the annual cost of insurance for inexperienced drivers goes up to an average of $5,041. That’s an increase of $3,042, or $253 per month, just for a couple of infractions!
Discounts on Fort Worth insurance rates
Insurance companies that offer coverage for inexperienced drivers may provide price discounts that could potentially reduce rates by as much as 30% if you qualify. A list of insurance companies and some of the premium reductions they offer are shown below.
- The Hartford may offer discounts for air bag, defensive driver, bundle, driver training, anti-theft, good student, and vehicle fuel type.
- American Family includes discounts for Steer into Savings, accident-free, good driver, air bags, TimeAway discount, bundled insurance, and good student.
- Progressive offers discounts including homeowner, online signing, multi-policy, continuous coverage, online quote discount, and multi-vehicle.
- Travelers has savings for payment discounts, new car, continuous insurance, good student, IntelliDrive, and multi-policy.
- Farmers Insurance may include discounts for multi-car, pay in full, business and professional, early shopping, homeowner, bundle discounts, and youthful driver.
- USAA offers discounts for driver training, new vehicle, vehicle storage, multi-policy, and loyalty savings.
- Liberty Mutual has discounts for newly married, preferred payment discount, teen driver discount, good student, and newly retired.
The illustration below illustrates the comparison of car insurance rates with and without discounts applied to the policy rates. The data is based on a female driver, no claims or violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with defensive driving course, marriage, claim-free, multiple policy, vehicle safety, and multiple vehicle discounts applied. When discounts are applied, the average savings per year on insurance for inexperienced drivers is 28% or $570.
Why you should compare rates
Fort Worth, TX insurance rates are based on many factors that control your annual premium. Simply improving your credit, buying a home instead of renting, or getting a reckless driving citation can trigger changes in premium resulting in some rates now being more affordable than competitors.
Not only that, but car insurance companies amend premium rates as often as every three months as an adjustment for underwriting gains or losses. Higher than usual claims can result in a rate increase, while a profitable period can produce cheaper Fort Worth car insurance rates.
To illustrate this point, the data below analyzes the cheapest car insurance in Fort Worth, TX for a 30-year-old male driver with no prior claims, no tickets, and good credit. If we compare prices based on his current risk factors, Travelers offers the best car insurance rates in Fort Worth at $1,114 per year. This is $790 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also included in the best Fort Worth, TX auto insurance companies.
The chart below compares rates after we give the driver from the above example an accident claim, slightly worse credit, and a stop sign violation. Because each company has a unique formula to determine rates, analyzing rates could result in a substantially altered list of affordable companies as shown below.
USAA now has the best auto insurance rate in Fort Worth, TX with State Farm, Mercury, Safe Auto, and Nationwide also being competitive. This example demonstrates why it is so important to shop around when trying to find the cheapest auto insurance rates for inexperienced drivers. Insurance rates are made up of many things and can change substantially, so the best company when you bought your policy may now be wasting a lot of money.
The insurance agencies below are willing to help you make a decision which coverages you need, as many consumers aren’t sure which coverage to buy and prefer to have professional advice when comparing insurance rates for inexperienced drivers. It’s not always simple to find the best coverage on your own, so getting advice from a licensed Texas insurance agent can bring peace of mind knowing your policy gives you adequate protection. To find a Fort Worth insurance agent using an interactive map, click the button at the bottom or click here to compare price quotes now.
- Nationwide Insurance: The Jeter Agency
6650 N Beach St Ste 118 – Fort Worth, TX 76137 – (817) 788-8620
- Doc Jackson Insurance Agency
3305 Miller Ave – Fort Worth, TX 76119 – (817) 535-5000
- Clint Goin – State Farm Insurance Agent
7420 N Beach St #234 – Fort Worth, TX 76137 – (817) 485-5660
- Jerry Yowell – State Farm Insurance Agent
4900 Overton Ridge Blvd Ste 211 – Fort Worth, TX 76132 – (817) 292-5775