Anyone knows that car insurance companies don’t want policyholders to compare prices from other companies. People who do rate comparisons are inclined to buy a new policy because there is a good probability of finding a more affordable policy. A recent survey found that consumers who did price comparisons regularly saved approximately $70 a month as compared to drivers who never shopped around.
If finding budget-friendly rates on auto insurance in Fort Worth is the reason you’re reading this, then learning a little about the best ways to find and compare insurance premiums can help make the process easier and more efficient.
If you want to save the most money, the best way to get the cheapest car insurance rates is to compare prices annually from insurance carriers that insure vehicles in Fort Worth. You can compare prices by completing these steps.
First, it will benefit you to learn about the coverage provided by your policy and the measures you can control to keep rates low. Many factors that result in higher prices such as traffic citations, accidents, and an unacceptable credit score can be controlled by making minor driving habit or lifestyle changes.
Second, compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO and State Farm, while independent agents can provide prices from multiple companies.
Third, compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate quote, make sure there is no lapse in coverage.
An important part of this process is that you’ll want to compare identical coverages on every quote request and and to get price quotes from as many different insurance providers as possible. Doing this guarantees an accurate price comparison and a good representation of prices.
If you have a policy now or just want cheaper rates, you will benefit by learning to find better prices while maintaining coverages. Quoting and buying the best-priced car insurance in Fort Worth is actually quite simple. Comparison shoppers just need to use the most efficient way to shop for car insurance over the internet.
Informed Consumers Can Cut Their Insurance Premiums
Consumers need to have an understanding of a few of the rating criteria that help determine the rates you pay for car insurance. When consumers understand what controls the rates you pay, this enables informed choices that may result in better car insurance rates.
Does your job raise your rates? – Occupations such as doctors, police officers, and accountants tend to pay higher premiums than the average policyholder in part from high stress and lots of time spent at work. On the other hand, professions such as actors, athletes and performers generally pay rates lower than average.
Bump up coverage deductibles to lower rates – Protection for physical damage, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some instances where coverage would apply are colliding with a building, flood damage, and damage caused by flying debris. Physical damage deductibles define the amount you are willing to pay out-of-pocket before a claim is paid by your company. The more you choose to pay out-of-pocket, the less money you will pay for car insurance.
Is your car, truck or SUV built for speed? – The make and model of the car you need insurance for makes a big difference in the rate you pay. Lower cost passenger vehicles usually are quite affordable to insure, but that’s not the only thing that factors into the final price.
The data below assumes a single female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It compares Hyundai Accent insurance rates compared to other makes and models that have different risk factors.
Single drivers take more risk – Walking down the aisle may save some money on your policy. Marriage may mean you are more mature than a single person and insurance companies like that being married results in fewer claims.
Too many policy claims drive up car insurance rates – Insurance companies in Texas provide lower rates to policyholders who do not file claims often. If you’re an insured who likes to file claims you can look forward to either higher rates or even cancellation. Insurance coverage is intended for claims that pose a financial burden.
Eliminate unneeded add-on coverages – There are a lot of add-on coverages that sound like a good idea at the time on your car insurance policy. Coverages for vanishing deductibles, accident forgiveness, and additional equipment coverage are some examples. These may sound like a good investment at first, but if they’re wasting money remove them and pocket the money.
Insurance losses for a Hyundai Accent – Car insurance companies analyze the history of losses when they calculate premium rates for each model. Vehicles that have higher loss trends will have a higher cost to insure.
The table below illustrates the loss history for Hyundai Accent vehicles. For each insurance policy coverage type, the claim amount for all vehicles averaged together is set at 100. Percentage numbers below 100 suggest a better than average loss history, while numbers above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics from IIHS.org for 2013-2015 Model Years
The companies in the list below provide quotes in Texas. If multiple companies are shown, we suggest you visit two to three different companies to find the cheapest car insurance rates.
The table displayed next showcases detailed analysis of insurance premium costs for Hyundai Accent models. Having knowledge of how insurance prices are determined can help customers make informed decisions when comparing rate quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$278||$486||$424||$26||$128||$1,342||$112|
|Accent GS 2-Dr Hatchback||$326||$592||$424||$26||$128||$1,496||$125|
|Accent GLS 4-Dr Sedan||$326||$698||$564||$34||$168||$1,790||$149|
|Accent SE 2-Dr Hatchback||$374||$804||$424||$26||$128||$1,756||$146|
|Get Your Own Custom Quote Go|
Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rates do not factor in zip code location which can revise premiums greatly.
Premiums by gender and age
The example below compares Hyundai Accent insurance prices for male and female drivers. The costs are based on no violations or claims, full coverage, $250 deductibles, marital status is single, and no policy discounts are applied.
Liability only or full coverage
The chart below shows the comparison of Hyundai Accent annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no claims or driving violations, $100 deductibles, single status, and no discounts are factored in.
When to drop comprehensive and collision
There is no exact formula for eliminating physical damage insurance, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Hyundai Accent book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after paying your policy deductible. If premiums are more than $500 a year for full coverage, then it might be time to consider dropping full coverage.
There are some cases where buying only liability insurance is not a good idea. If you still have a lienholder on your title, you have to carry full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Insurance in Texas serves several purposes
Even though it’s not necessarily cheap to insure a Hyundai in Fort Worth, paying for insurance is required by state law in Texas and it also provides benefits you may not be aware of.
First, most states have mandatory liability insurance requirements which means you are required to carry a specific level of liability insurance if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your car, most banks will stipulate that you have insurance to guarantee loan repayment. If you default on your policy, the bank may insure your Hyundai at a much higher rate and force you to reimburse them much more than you were paying before.
Third, insurance protects both your vehicle and your personal assets. It will also provide coverage for hospital and medical expenses that are the result of an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of buying insurance outweigh the cost, especially when you need to use it. Despite what companies tell you, the average driver is wasting up to $865 each year so compare rates at least once a year to make sure the price is not too high.
Fort Worth insurance discounts for a Hyundai Accent
Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that could help you make your next renewal payment. Many of these discounts will be applied automatically at the time of purchase, but occasionally some discounts must be specifically requested prior to receiving the credit.
- Fort Worth Homeowners Pay Less – Owning your own home or condo may earn you a small savings because it shows financial diligence.
- Senior Discount – If you’re over the age of 55, you may receive a discount up to 10%.
- Sign Online – Many car insurance companies may give you up to $50 get Fort Worth car insurance digitally online.
- Seat Belts Save more than Lives – Forcing all vehicle occupants to buckle their seat belts can save 10% or more off the PIP or medical payment premium.
- Telematics Devices – People who choose to allow their insurance company to track where and when they drive by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot may see discounts as long as they are good drivers.
- New Car Discount – Buying a new car model can save up to 30% because newer models have to meet stringent safety requirements.
- Discount for Multiple Policies – When you combine your home and auto insurance with the same insurance company you could earn a discount of at least 10% off all policies.
We need to note that most discounts do not apply to the entire cost. A few only apply to individual premiums such as medical payments or collision. Despite the fact that it seems like you can get free auto insurance, company stockholders wouldn’t be very happy.
The diagram below compares Hyundai Accent insurance rates with and without discounts. The data is based on a female driver, no claims or driving violations, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, claim-free, marriage, and multi-car discounts applied.
The best car insurance companies and a summarized list of policyholder discounts include:
- GEICO offers discounts for air bags, multi-vehicle, anti-lock brakes, multi-policy, membership and employees, and five-year accident-free.
- Travelers includes discounts for continuous insurance, IntelliDrive, good student, multi-policy, and early quote.
- Farm Bureau offers premium reductions for multi-policy, good student, safe driver, multi-vehicle, youthful driver, and renewal discount.
- Liberty Mutual may have discounts that include new graduate, multi-policy, newly retired, new move discount, and hybrid vehicle.
- American Family offers discounts including TimeAway discount, early bird, defensive driver, Steer into Savings, and good student.
- Progressive policyholders can earn discounts including homeowner, multi-vehicle, online signing, multi-policy, continuous coverage, good student, and online quote discount.
If you need lower rates, check with all the companies the best way to save money. Some discounts might not be offered on policies in your area. To locate companies that offer multiple discounts in Fort Worth, follow this link.
When to talk to a local insurance agent
Many drivers would prefer to talk to a local agent and doing that can be a smart decision Good agents can make sure you are properly covered and help submit paperwork. The best thing about comparing insurance prices online is you can get the best rates and still choose a local agent.
Once you complete this form (opens in new window), your insurance coverage information is instantly submitted to participating agents in Fort Worth who want to provide quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to find an agent because quoted prices will be sent instantly to you. If you want to get a comparison quote from a specific car insurance provider, you can always search and find their rate quote page and submit a quote form there.
Picking the best company requires you to look at more than just the price. The answers to these questions are important, too.
- Are they involved in claim handling?
- If you have an accident, will your rates go up?
- Can glass repairs be made at your home?
- Can you contact them at any time?
- Do the coverages you’re quoting properly cover your vehicle?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
If you’re trying to find a local Fort Worth insurance agency, it’s helpful to know the types of insurance agents and how they can quote your rates. Car insurance policy providers are either independent agents or exclusive agents. Either one can insure your vehicles, but it’s a good idea to understand how they are different because it can factor into buying decisions.
Exclusive Car Insurance Agencies
Agents in the exclusive channel normally can only provide a single company’s rates and examples are Allstate and State Farm. Exclusive agencies are unable to provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive insurance agents are well schooled on sales techniques and that allows them to sell at a higher price point. Drivers often buy insurance from these agents primarily because of the brand legacy rather than low price.
Listed below are exclusive insurance agencies in Fort Worth who may provide you with rate quotes.
- Amado Flores – State Farm Insurance Agent
3345 Western Center Blvd Ste 180 – Fort Worth, TX 76137 – (817) 232-3000 – View Map
- Laura Geninatti – State Farm Insurance Agent
7510 Davis Blvd Ste A – Fort Worth, TX 76182 – (817) 281-1191 – View Map
- Gary Gilmore – State Farm Insurance Agent
9324 Clifford St #106 – Fort Worth, TX 76108 – (817) 367-6106 – View Map
Independent Insurance Agents
Agents that choose to be independent are appointed with more than one company so they can quote policies with lots of companies depending on which coverage is best. If they find a lower price, they simply move the coverage in-house and you don’t have to switch agencies. When searching for an agent, you need to include price quotes from at a minimum one independent agency to have the best price comparison. Many write coverage with smaller regional carriers which could offer lower prices.
Listed below are independent agencies in Fort Worth who can help you get comparison quotes.
- Woods Insurance Agency
2740 Western Center Blvd #504 – Fort Worth, TX 76131 – (817) 232-1580 – View Map
- Nationwide Insurance: Darla Duncan Insurance Agency
5801 Curzon Ave #137 – Fort Worth, TX 76107 – (817) 731-0991 – View Map
- Alberta Blocker Insurance Agency
3304 Swan St – Fort Worth, TX 76117 – (817) 335-3400 – View Map
After you get positive feedback to your questions and a good coverage price, you have narrowed it down to an insurance agency that can be relied on to provide car insurance coverage. Just be aware that it’s your coverage and you can terminate your policy when you choose so don’t feel you are locked into a policy for the entire policy term.
Do I just need basic coverages?
When choosing insurance from an agent or online for your vehicles, there isn’t really a one-size-fits-all type of policy. Every insured’s situation is different so this has to be addressed.
Here are some questions about coverages that can help discover whether your personal situation could use an agent’s help.
- Are rental cars covered under my policy?
- Why does it cost so much to insure a teen driver in Fort Worth?
- Are combined or split liability limits better?
- Does low annual mileage earn a discount?
- Does my insurance cover a custom paint job?
- Can I drive in Mexico and have coverage?
- Do I need medical payments coverage since I have good health insurance?
- I have health insurance so do I need medical payments coverage?
If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.
How much can you save?
While you’re price shopping online, never sacrifice coverage to reduce premiums. There are many occasions where an insured dropped full coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.
Cheap Hyundai Accent insurance in Fort Worth can be sourced on the web and from local agencies, and you should compare rates from both in order to have the best price selection to choose from. Some companies may not have online rate quotes and most of the time these regional carriers work with independent agents.
- Uninsured Motorist Statistics (Insurance Information Institute)
- Who Has Affordable Auto Insurance for College Students in Fort Worth? (FAQ)
- What Car Insurance is Cheapest for a 20 Year Old Male in Fort Worth? (FAQ)
- Who Has Affordable Fort Worth Car Insurance for Good Drivers? (FAQ)
- Vehicle Insurance (Wikipedia)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Distracted Driving (Insurance Information Institute)