For student drivers, one of the more important considerations that aid in calculating the amount you pay each year for auto insurance is where you call home in San Antonio. More densely populated places tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of cheap car insurance rates.
The next table sorts the priciest cities in Texas for good students in which to buy car insurance. San Antonio comes in at #11 having an annual price of $1,739 for the average insured, which is about $145 each month.
|Rank||City||Average Per Year|
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Information shown are comparative as specific location information can impact premium rates substantially.
The car, truck, or SUV driven is one of the largest factors when consumers are trying to find the lowest-priced auto insurance for good students. Vehicles with more horsepower, a lack of safety features, or a history of substantial liability claims will cost more to insure than safer, lower-performance models.
The next table ranks insurance premiums for a handful of the cheaper vehicles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$4,427|
|Honda CR-V LX 4WD||$4,435|
|Jeep Wrangler Sport 4WD 2-Dr||$4,630|
|Honda Accord EX-L 4-Dr Sedan||$4,765|
|Ford F-150 XLT Regular Cab 4WD||$4,966|
|Dodge Grand Caravan CV||$4,976|
|Ford Explorer XLT AWD||$4,966|
|Honda Civic DX 4-Dr Sedan||$5,209|
|Chevrolet Impala LS||$5,219|
|Chevrolet Silverado LS Extended Cab 4WD||$5,256|
|Toyota RAV4 Limited 2WD||$5,264|
|Toyota Tacoma Double Cab 4WD||$5,256|
|Volkswagen Jetta S 4-Dr Sedan||$5,266|
|GMC Sierra SL Extended Cab 2WD||$5,256|
|Chevrolet Malibu LT||$5,301|
|Ford Edge Sport AWD||$5,544|
|Hyundai Elantra GLS 4-Dr Sedan||$5,551|
|Honda Odyssey EX-L W/Rear Entertainment||$5,544|
|Toyota Camry XLE||$5,554|
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Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in garaging location in San Antonio, TX which can lower or raise premium rates significantly.
Looking at the data, you can presume that cars like the Ford Escape, Honda CR-V, Jeep Wrangler, and Honda Accord are likely to be the less-costly vehicles to insure for student drivers.
The illustration below demonstrates how deductible levels can raise or lower insurance costs when trying to find cheap insurance for good students. The rates are based on a married male driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could lower rates by $372 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $560 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, have the ability to save up to $1,240 every year by choosing a larger deductible amount. If you do raise deductibles, it will be required to have enough spare savings to allow you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Get discounts on San Antonio auto insurance rates
Insurance companies that offer quotes for good students may also offer premium discounts that could reduce prices by 30% or more if you meet eligibility requirements. Larger auto insurance companies and a selection of discounts are outlined below.
- AAA has discounts for AAA membership discount, multi-car, multi-policy, anti-theft, education and occupation, good student, and pay-in-full.
- Progressive has savings for continuous coverage, online quote discount, homeowner, online signing, good student, multi-vehicle, and multi-policy.
- State Farm offers discounts including Steer Clear safe driver discount, good student, defensive driving training, anti-theft, multiple policy, and Drive Safe & Save.
- Esurance offers premium reductions for defensive driver, Pac-12 alumni, multi-policy, paid-in-full, good student, renters, and online quote.
- Nationwide includes discounts for multi-policy, Farm Bureau membership, anti-theft, easy pay, and family plan.
The diagram below visualizes the comparison of auto insurance costs with and without policy discounts. The premiums assume a male driver, no violations or accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with paperless filing, good student, paid-in-full, continuous coverage, vehicle safety, and passive restraint discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for good students is 28% or $638.
Here’s why price comparisons are so important
San Antonio, TX auto insurance rates are impacted by many things which can substantially change your annual premium. Simply improving your credit, buying a home instead of renting, or getting into an accident may prompt premium changes that may make certain companies cheaper in comparison to the competition. Not only may your risk profile change, but companies file new Texas car insurance rates at least once a year to reflect underwriting profits or losses. Larger than normal claims may cause a rate increase, while less frequent claims can cause lower-priced San Antonio car insurance rates.
The bar chart below demonstrates which company has the cheapest car insurance in San Antonio, TX for a 40-year-old female driver with a clear driving record, no claims, and good financial standing. When quoting prices based on her personal risk profile, Travelers might offer the lowest car insurance rates in San Antonio at $1,229 annually. This is $675 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remaining best San Antonio, TX auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a chargeable claim, slightly worse credit, and a few traffic violations. Because each insurer has their own process for determining rates, comparing insurance quotes will most likely result in a slightly different list of affordable San Antonio car insurance companies as shown below.
Mercury now has the best car insurance rate in San Antonio, TX with State Farm, Safe Auto, Nationwide, and USAA now being in the top five. This illustrates why it is crucial to compare many different companies when trying to get the most economical insurance rates for good students.
Insurance prices are made up of many different factors and can change without notice, so the most affordable company the last time you compared rates may now be costing you a lot of money.