Wouldn’t it be excellent if you could just know the one company that has the lowest rates for good students? It’s not quite that easy, unfortunately, as there are many unknown elements like whether you just need liability insurance, whether you are single or married, and if you are currently insured. Car insurance is kind of a dry topic, but this article will explain the best ways to avoid overpriced car insurance and will give you a solid foundation to find cheaper car insurance in Texas.
The type of vehicle requiring insurance is one of the largest considerations when consumers are trying to find affordable auto insurance for good students. Vehicles with high performance engines, poor safety ratings, or a high likelihood of having liability claims will cost significantly more to insure than more modest models. The list below showcases car insurance rates for a handful of the most economical automobiles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra SE Touring Station Wagon||$1,127|
|Honda Odyssey LX||$1,141|
|Honda CR-V EX 4WD||$1,162|
|Ford Escape XLS 4WD||$1,173|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,217|
|Toyota RAV4 Limited 4WD||$1,231|
|Honda Accord EX-L 4-Dr Sedan||$1,267|
|Ford F-150 XL Super Cab 4WD||$1,270|
|Dodge Grand Caravan SE||$1,277|
|Toyota Corolla XLE||$1,297|
|Toyota Tacoma X-Runner 2WD||$1,306|
|Ford Explorer XLT AWD||$1,318|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$1,320|
|Chevrolet Malibu LTZ||$1,328|
|Ford Edge SEL AWD||$1,352|
|Ford Focus SE 4-Dr Sedan||$1,360|
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Price data assumes 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-vehicle, multi-policy, claim-free, and homeowner. Rate information does not factor in zip code location which can lower or raise premiums greatly.
Based upon the table data, models like the Hyundai Elantra, Honda Odyssey, and Honda CR-V will definitely be a few of the less-costly vehicles to insure for student drivers.
Buying reasonably-priced auto insurance is not most people’s favorite thing to do, and deciding which companies quote the cheapest insurance rates for good students takes even more rate comparisons. Each auto insurer uses their own method to establish rates, so let’s take a look at the most competitive insurance companies in San Antonio.
It’s important to understand that San Antonio insurance rates are based on many factors that may substantially change the cost of coverage. Improving your credit score, buying another vehicle, or getting a couple of tickets may prompt premium changes resulting in some companies being cheaper in comparison to the competition.
Best Insurance Companies for Students
|Rank||Company||Cost Per Year|
|4||Texas Farm Bureau||$1,247|
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Travelers quotes some of the best car insurance rates in San Antonio at around $1,052 a year. USAA, Germania Mutual, Texas Farm Bureau, and Esurance also make the cut as some of the cheaper San Antonio, TX auto insurance companies.
As shown in the table above, if you are currently insured with Texas Farm Bureau and switched to Travelers, you might see a yearly savings of approximately $195. Texas drivers with Esurance may save as much as $327 a year, and California Casualty customers might realize rate reductions of up to $330 a year.
Remember that these policy prices are averages across all drivers and vehicles in Texas and do not factor in a vehicle location for good students. So the insurer that has the cheapest price for you may not even be in the list above. That affirms the importance of why you need to quote rates from many companies using your own personalized driver profile and vehicle information.
Accidents and violations increase rates
One of the best ways to score low insurance premiums for student drivers is to drive attentively and avoid traffic citations and accidents. The information below demonstrates how speeding tickets and at-fault claims drive up insurance premiums for different age groups. The information is based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.
In the example above, the average cost of a car insurance policy in Texas per year with no accidents and a clean driving record is $2,767. Add in one speeding ticket and the average cost swells to $3,137, an increase of $370 each year. Then add in two accidents along with the one speeding ticket and the yearly cost of insurance for good students goes up to an average of $6,268. That’s an increase of $3,501, or $292 per month, just for not driving carefully!
Cost comparison with and without full coverage
Saving money when shopping for insurance is important to the majority of vehicle owners, and a good way to save on the cost of insurance for good students is to not buy comprehensive and collision coverage. The illustration below illustrates the comparison of insurance costs with full coverage and liability only. The prices are based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no discounts are applied to the premium.
If the expense is averaged for all age categories, full coverage on your policy costs $1,793 per year over liability only. At some point, almost every driver questions when is the right time to remove full coverage. There is no clear-cut formula to stop paying for comp and collision coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
How to find economical car insurance for good students
The list below summarizes some thrifty suggestions that can help drivers get more affordable coverage.
- The safer your car, the less it costs to insure
- Prevent price hikes by avoiding at-fault accidents
- Don’t waste money on full coverage for older vehicles
- Improve your credit
- Insure your home and auto with the same company
- Comparison shop at least once a year
The last tip in the list is certainly necessary, as we noted in the prior article. Prices charged by companies fluctuate constantly, so don’t be tentative to buy from a new company if a cheaper price is available. Many consumers stick with the same company and that’s fine, but is isn’t recommended if that loyalty results in overpaying major coinage every year. Take a couple minutes and compare rates and find cheaper car insurance for good students in San Antonio.
If you aren’t sure which coverage to buy and prefer to have the advice of a professional agent when shopping for cheaper insurance for student drivers, the agents shown below can most likely aid you in deciding which insurance coverage will be best for you.
To find a San Antonio insurance agent by location nearest to you, click the button at the bottom or click here to compare rates now.
Robert Tijerina – State Farm Insurance Agent
8802 Potranco Rd Ste 105 – San Antonio, TX 78251 – (210) 684-3800
Mesquite Insurance Agency
501 W Quincy St – San Antonio, TX 78212 – (210) 472-3034
Toubin Insurance Agency
7410 Blanco Rd #385 – San Antonio, TX 78216 – (210) 446-0109