Who Has the Cheapest Car Insurance Rates for Electric Cars in Fort Worth?

The vehicle model requiring coverage is one of the biggest factors when trying to find the most economical insurance for electric cars. Vehicles with economical engines, advanced safety features, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models.

The next list presents insurance rates for the most affordable vehicles to insure.

Cheapest Vehicles to Insure in Fort Worth, TX
Vehicle Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $1,050
Honda CR-V EX 2WD $1,059
Ford Escape XLS 2WD $1,078
Toyota Prius $1,167
Ford F-150 Lariat Crew Cab Platinum 2WD $1,213
Ford Fusion Sport 4-Dr Sedan $1,219
Chevrolet Malibu LTZ $1,213
Nissan Altima 3.5 SR 4-Dr Sedan $1,220
Ford Explorer XLT 4WD $1,215
Dodge Grand Caravan SE $1,225
Ford Edge SEL 2WD $1,217
Toyota RAV4 2WD $1,242
Ford Focus SE 4-Dr Sedan $1,246
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,270
Chevrolet Impala LT $1,275
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Information does not factor in specific Fort Worth, TX garaging location which can revise premiums greatly.

Looking at the numbers, cars like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Ford F-150 should be a few of the most budget-friendly vehicles to insure for eco-friendly vehicles.

Comparing quotes for cheap auto insurance is not always easy, and determining which company offers the cheapest insurance rates for electric cars will involve additional perseverance. Each insurance company has a proprietary method for filing rates in each state, so let’s begin by examining the overall cheapest insurance companies in Texas.

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Rankings for the cheapest car insurance companies in Texas
Rank Company Cost Per Year
1 Travelers $1,052
2 USAA $1,095
3 Germania Mutual $1,244
4 Texas Farm Bureau $1,247
5 Esurance $1,421
6 California Casualty $1,424
7 Mercury $1,461
8 State Farm $1,510
9 Nationwide $1,538
10 Safe Auto $1,565
11 Allstate $1,667
12 Amica $1,705
13 Progressive $1,715
14 GEICO $2,072
15 Home State $2,092
16 MetLife $2,227
17 Unitrin $2,241
18 Encompass $2,324
19 21st Century $2,421
20 Titan $2,568
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Travelers offers some of the best car insurance rates in Fort Worth at around $1,052 a year. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance would also make the list of some of the lowest-priced Fort Worth, TX insurance companies.

In the above example, if you buy coverage from Texas Farm Bureau and switched to USAA, you might see annual savings of approximately $152. Policyholders with Esurance might save as much as $326 a year, and California Casualty insureds might reduce prices by as much as $329 a year.

Understand that those policy rates are averages for all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for electric cars. So the insurer that can offer you the best price may not even be in the list above. That helps illustrate why you need to get quotes using your own specific driver information and vehicle.

For eco-friendly vehicles, one of the more important components that determine the amount you pay each year for auto insurance is your address in Fort Worth. Areas with more people or higher crime rates tend to have higher auto insurance costs, whereas more rural areas can boast about having cheaper rates.

The following table ranks the most costly cities in Texas for electric cars to buy car insurance in. Fort Worth is listed at #19 with a yearly cost of $1,621 for car insurance, which is about $135 monthly.

Car insurance prices in Fort Worth
Rank City Annual Rate
1 McAllen $1,936
2 Brownsville $1,927
3 Dallas $1,893
4 Houston $1,891
5 Laredo $1,851
6 Mesquite $1,825
7 Pasadena $1,812
8 Grand Prairie $1,811
9 Garland $1,796
10 Amarillo $1,786
11 Beaumont $1,754
12 Irving $1,736
13 San Antonio $1,671
14 Lubbock $1,665
15 Arlington $1,658
16 Carrollton $1,647
17 Corpus Christi $1,636
18 Austin $1,627
19 Fort Worth $1,621
20 El Paso $1,616
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Premium amounts are estimated as the specific geographic location can alter prices considerably.

How to get discounts on Fort Worth car insurance

Discounts on insurance for electric carsAuto insurance companies that offer cheap quotes for electric cars may provide premium discounts that could potentially reduce rates by as much as 35% if you meet certain criteria. A list of insurance companies and some of the premium reductions they offer are:

The illustration below illustrates the comparison of insurance premiums with and without discounts. The data assumes a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, multiple policy, anti-theft, defensive driving course, claim-free, and safe-driver discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for electric cars is 28% or $745.

The diagram below illustrates how your choice of deductibles can increase or decrease premium costs when getting quotes for cheap insurance for electric cars. The data is based on a single male driver, full physical damage coverage, and no discounts are applied.

The data above shows that a 40-year-old driver could cut expenses by $374 a year by switching from a $100 deductible to a $500 deductible, or save $564 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old example, could possibly save $1,236 or even more by choosing larger deductibles on their policy.

When choosing a higher deductible, it is a good idea to have plenty of discretionary funds to satisfy the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Why are you paying too much for Fort Worth car insurance?

Fort Worth insurance rates are impacted by many things that control the cost of coverage. Turning one year older, getting married, or getting a ticket for running a stop sign may cause policy rate changes resulting in some rates now being cheaper in comparison to the competition.

Additionally, companies change the rates they charge in Texas without warning to reflect underwriting profits or losses. An extended period of higher than normal claims can result in price increases, while a profitable period may cause cheaper Fort Worth car insurance rates.

The chart below compares the cheapest car insurance in Fort Worth, TX for a 35-year-old male driver with no prior accidents, a clean driving record, and excellent credit. If we estimate rates based on his current situation, Travelers offers the most affordable car insurance rates in Fort Worth at $1,126 per year. This is $778 less than the average rate 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 next chart shows rates after we give the driver in the first chart an accident surcharge, a lower credit rating, and a blemish on his driving record. Since each auto insurance company has their own process for determining rates in each state, comparing rates may now show a new list of companies as shown below.

State Farm now has the cheapest auto insurance in Fort Worth with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This shows why Fort Worth drivers need to compare as many rates as possible when trying to find the cheapest car insurance rates for electric cars.

Insurance rates can be determined by many different factors and can increase or decrease at any time, so the cheapest option a year ago may now be quite expensive.

How to find budget-friendly auto insurance for electric cars

It is possible to find better rates, and here are some of the recommended penny-pinching solutions that can help Fort Worth drivers quote low-cost coverage.

The last idea is certainly necessary, as we noted in this article. Coverage rates can be adjusted at any time, so don’t be afraid to buy a policy from a new company if you find a cheaper price. Brand loyalty is not necessarily bad, but it’s not a good idea if your bullheadedness ends up costing you a lot of money every month. Take a few minutes and shop around and find cheaper insurance for electric cars in Fort Worth.