Who Has the Cheapest Auto Insurance Rates for High Risk Drivers in Fort Worth?

For high risk drivers, one of the largest criteria that are looked at to determine the cost of insurance is where you keep your car. More populated areas tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents profit from lower rates.

The illustration below sorts the most expensive cities in Texas for high risk drivers in which to purchase auto insurance. Fort Worth is ranked #19 with an annual cost of $1,604 on average, which is approximately $134 each month.

How much is car insurance in Fort Worth?
Rank City Annual Rate
1 McAllen $2,016
2 Dallas $1,911
3 Brownsville $1,851
4 Amarillo $1,840
5 Houston $1,835
6 Laredo $1,833
7 Grand Prairie $1,811
8 Mesquite $1,807
9 Pasadena $1,794
10 Garland $1,778
11 Irving $1,736
12 Lubbock $1,733
13 Beaumont $1,702
14 San Antonio $1,688
15 Carrollton $1,664
16 Arlington $1,642
17 Corpus Christi $1,620
18 Austin $1,610
19 Fort Worth $1,604
20 Waco $1,584
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Prices are approximated as specific Fort Worth zip code can change price quotes considerably.

The vehicle driven is one of the primary factors that determines whether or not you find low-cost auto insurance for high risk drivers. Vehicles with high performance features, poor safety ratings, or a track record of large liability claims will cost more to insure than more economical and safe models. The information below illustrates coverage costs for a selection of the cheaper automobiles to buy insurance for.

Cheapest Vehicles to Insure in Fort Worth, TX
Vehicle Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $3,474
Ford Escape XLS 4WD $3,484
Hyundai Elantra GLS Touring Station Wagon $3,474
Honda CR-V EX-L 2WD $3,481
Toyota Prius $3,712
Toyota Tacoma 4WD $3,886
Volkswagen Jetta 2.0T Station Wagon $3,924
Ford F-150 XLT Crew Cab 2WD $3,937
Ford Explorer Limited 4WD $3,993
Dodge Grand Caravan SXT $4,002
Honda Odyssey EX $4,035
Jeep Grand Cherokee Laredo 2WD $4,076
Chevrolet Malibu LS $4,081
Toyota RAV4 2WD $4,116
Dodge Ram Quad Cab ST 2WD $4,118
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Data based on single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in your specific Fort Worth, TX location which can affect price quotes substantially.

Looking at the rates, cars like the Honda Accord, Ford Escape, Hyundai Elantra, and Honda CR-V are going to be a few of the most budget-friendly vehicles to insure for high risk drivers. The price for an auto insurance policy will be more expensive just because there is more exposure for high risk drivers, but overall those vehicles will have the least expensive rates compared to other vehicles.

Buying low-priced auto insurance is tough enough, and determining which company offers the best auto insurance rates for high risk drivers calls for even more rate comparisons.

Each auto insurer has a unique formula to set their prices, so let’s begin by taking a look at the most affordable auto insurance companies in Texas. It’s important that you understand Fort Worth, TX auto insurance rates are influenced by many factors that will increase or decrease the price of coverage. Improving your credit score, having a teen driver, or getting a ticket for careless driving may cause policy rate changes resulting in some companies being cheaper than competitors.

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Texas car insurance ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,128
3 Texas Farm Bureau $1,199
4 Germania Mutual $1,294
5 Esurance $1,379
6 California Casualty $1,438
7 State Farm $1,450
8 Mercury $1,476
9 Nationwide $1,538
10 Safe Auto $1,613
11 Allstate $1,667
12 Progressive $1,715
13 Amica $1,723
14 GEICO $2,072
15 Home State $2,155
16 MetLife $2,183
17 Unitrin $2,241
18 Encompass $2,324
19 21st Century $2,421
20 Titan $2,646
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Travelers normally has some of the cheapest car insurance rates in Fort Worth at around $1,021 annually. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the cheapest Fort Worth, TX car insurance companies.

As the example above demonstrates, if you currently have a policy with Germania Mutual and switched to Travelers, you might realize an annual savings of approximately $273. Texas drivers with Esurance may save as much as $358 a year, and California Casualty insureds might cut rates by $417 a year.

To get a fast rate comparison, click here or quote rates from the companies below.

Be aware that those policy prices are averages across all drivers and vehicles in Texas and and are not figured with an exact vehicle garaging location for high risk drivers. So the auto insurance company that has the cheapest rates for you may not even be in the list above. That points out the importance of why you need to get auto insurance quotes using your own specific driver and vehicle information.

Should you buy full coverage?

Paying less for auto insurance should be important to most drivers, and one of the best ways to pay lower rates for insurance for high risk drivers is to only buy liability insurance. The illustration below shows the comparison of car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. Data assumes no accidents or driving violations, $100 deductibles, drivers are single, and no other discounts are factored in.

If all age groups are averaged, comprehensive and collision coverage on your policy costs an additional $2,181 per year more than carrying just liability coverage. At some point, almost every driver questions when is it a good idea to stop buying full coverage. There isn’t a written rule to exclude full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $2,000 after paying your policy deductible. If you are paying over $200 a year for full coverage, then you may need to consider dropping full coverage.

There are a few situations where dropping physical damage coverage is not advised. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

Drive safe and save

The obvious way to score cheap auto insurance rates for high risk drivers is to be a good driver and avoid getting tickets or having accidents. The illustration below illustrates how speeding tickets and fender-benders can impact insurance rates for each different age category. The rates are based on a married female driver, full coverage, $100 deductibles, and no discounts are factored in.

The data above shows the average cost of auto insurance per year with no violations or accidents is $1,682. Receive two speeding tickets and the average cost jumps to $2,397, an increase of $715 each year. Now add two accidents along with the two speeding tickets and the yearly cost of auto insurance for high risk drivers increases to an average of $4,930. That’s an increase of $3,248, or $271 per month, just for not being a responsible driver!

The chart below demonstrates how deductible levels can impact premium costs when getting quotes for cheap insurance for high risk drivers. The rates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

The chart above illustrates that a 30-year-old driver could lower their policy premium by $422 a year by changing from a $100 deductible up to a $500 deductible, or save $634 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could roll back prices as much as $1,236 each year just by choosing higher deductibles.

When using a larger deductible, it is important to have additional funds squirreled away to offset the extra out-of-pocket expense, which is the main drawback of higher deductibles.

How to find budget-friendly auto insurance for high risk drivers

The list below shows some penny-pinching suggestions that can help drivers locate cheap coverage.

That last tip is certainly significant, as was stressed in the prior information. Prices charged by auto insurers can change significantly in a year, so you should be ready to switch to a new company if a better deal can be had.

Sticking with a specific company is fine, but it’s not a great idea if that devotion results in you overpaying a fortune every year. Now is a great time to shop around to find cheaper insurance for high risk drivers in Fort Worth.

If you prefer to get some professional input when shopping for cheaper insurance for high risk drivers, the agencies below can probably provide answers to your questions and help you determine which coverage meets your needs best. To locate a Fort Worth car insurance agency closest to you, click the button at the bottom or click here to compare rates now.

Armor Texas Insurance Agency
6613 McCart AveFort Worth, TX 76133(817) 332-2066

Kathleen Alexander – State Farm Insurance Agent
5336 Wedgmont Cir NFort Worth, TX 76133(817) 292-6006

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

Eddie Bermea – State Farm Insurance Agent
6252 McCart AveFort Worth, TX 76133(817) 294-7400

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