The vehicle model that needs insurance is a large consideration when shopping around for low-cost auto insurance for drivers requiring a SR22. Vehicles with lower performance, good crash test ratings, or a track record of few liability claims will cost quite a bit less to insure than higher performance models.
The next table ranks coverage premiums for a handful of the cheaper automobiles to insure in Texas.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$3,738|
|Honda CR-V EX-L 2WD||$3,960|
|Volkswagen Jetta S 2.5 Station Wagon||$4,171|
|Ford Explorer Eddie Bauer 2WD||$4,226|
|Chevrolet Silverado LS Regular Cab 4WD||$4,379|
|Ford Focus S 4-Dr Sedan||$4,384|
|Toyota RAV4 Limited 2WD||$4,425|
|Dodge Grand Caravan SXT||$4,469|
|Nissan Altima 2.5 S 4-Dr Sedan||$4,624|
|Toyota Corolla S||$4,629|
|Chevrolet Impala LS||$4,698|
|Ford F-150 FX2 2WD||$4,798|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$4,808|
|Nissan Rogue S 2WD||$4,814|
|Honda Civic GX 4-Dr Sedan||$4,823|
|Toyota Camry XLE||$4,847|
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Table data assumes single female driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Table data does not factor in specific location information which can lower or raise coverage prices noticeably.
Based upon these rates, we can assume that makes and models like the Ford Escape, Honda CR-V, Volkswagen Jetta, Ford Explorer, and Toyota Prius will be a few of the less-costly vehicles to insure for high risk drivers. The cost of auto insurance will tend to be more expensive because of the fact that there is more liability risk for drivers requiring a SR22, but generally speaking those vehicles will have the lowest insurance rates that you'll find.
Determining which companies quote the cheapest insurance rates for drivers requiring a SR22 will require a little more work in order to find a policy that fits your budget. Each auto insurer has their own unique process for determining rates in each state, so to begin we'll rank the insurance companies that tend to have lower prices in Texas.
It's important that readers know that San Antonio insurance rates are influenced by many factors that will increase or decrease the policy premium. Simply turning a year older, having a teen driver, or getting a DUI can trigger changes in premium that can make some companies more affordable than others.
Find the Cheapest Auto Insurance for SR22 Drivers
Travelers normally has some of the most affordable car insurance rates in San Antonio at around $1,021 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the best San Antonio, TX insurance companies.
As illustrated above, if you currently have a policy with USAA and switched to Travelers, you may see a yearly savings of roughly $96. Policyholders with Texas Farm Bureau may save as much as $214 a year, and Germania Mutual insureds might cut rates by $273 a year.
Be aware that those estimates are averaged across all drivers and vehicles in Texas and do not take into consideration a specific location for drivers requiring a SR22. So the insurer that can offer you the best price may not even be in the top 23 companies shown above. That's why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
For high risk drivers, one of the more important components that help determine auto insurance rates is where you live. Cities with larger populations or higher claim trends tend to pay slightly more, whereas less populated areas have the benefit of cheaper car insurance.
The illustration below ranks the most expensive cities in Texas for drivers requiring a SR22 in which to purchase auto insurance. San Antonio ranks #14 with the annual price of $1,671 for coverage, which is around $139 each month.
|Rank||City||Premium Per Year|
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Premium amounts are estimated as specific San Antonio zip code can impact insurance rates greatly.
Get discounts on San Antonio insurance rates
Insurers that provide coverage for drivers requiring a SR22 may provide rate discounts that could reduce prices by as much as 35% if you meet the requirements. The best insurance companies and the discounts they provide can be found below.
- Progressive may offer discounts for multi-vehicle, online signing, continuous coverage, online quote discount, and multi-policy.
- Farmers Insurance policyholders can earn discounts including mature driver, homeowner, early shopping, multi-car, alternative fuel, and bundle discounts.
- Farm Bureau may include discounts for driver training, youthful driver, 55 and retired, safe driver, multi-vehicle, multi-policy, and good student.
- State Farm offers discounts including anti-theft, driver's education, good student, defensive driving training, student away at school, and multiple policy.
- GEICO may have discounts that include seat belt use, anti-lock brakes, five-year accident-free, air bags, anti-theft, and membership and employees.
- SAFECO offers premium reductions for teen safety rewards, homeowner, drive less, safe driver, accident prevention training, anti-theft, and anti-lock brakes.
- Liberty Mutual has savings for good student, new graduate, safety features, hybrid vehicle, newly retired, newly married, and multi-car.
The illustration below illustrates the difference between insurance costs with and without policy discounts. The prices are based on a female driver, two accidents and three traffic tickets, Texas state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with homeowner, paid-in-full, paperless filing, anti-theft, multiple vehicle, and vehicle safety discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on insurance for drivers requiring a SR22 is 29% or $1,487.
Cost of full coverage
Finding cheaper insurance should be important to the majority of vehicle owners, and one easy way to save on the cost of insurance for drivers requiring a SR22 is to not pay for full coverage. The chart below visualizes the comparison of insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs $2,131 per year more than insuring for liability only. Many people question if it's worth it to buy full coverage. There is no set guideline to stop buying physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let's pretend your vehicle's replacement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $9,000 after you pay the deductible. If premiums are more than $900 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are a few situations where dropping physical damage coverage is not in your best interest. If you still have a loan on your vehicle, you are required to maintain full coverage as part of 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 buy liability only.
How to find cheaper insurance for drivers requiring a SR22
The list below shows some money-saving solutions that can help San Antonio drivers locate lower-cost coverage.
- Avoid filing small claims
- Raise comprehensive and collision coverage deductibles
- Accident-free drivers may qualify for discounts
- Save money by observing traffic laws and speed limits
- Drop full coverage on older vehicles
- Compare rates and switch if you can find a better deal
That last tip is extraordinarily critical, as we noted in the article above. Prices charged by companies change constantly, so drivers shouldn't be resistant to buy from a different company if a better rate can be found.
Brand loyalty is not necessarily bad, but it's not recommended if that faithfulness ends up costing you hundreds every year. Now is a great time to compare rates and find cheaper insurance for drivers requiring a SR22 in San Antonio.
The San Antonio car insurance agencies listed below are a good start to help you make a decision which coverages and limits you need, since many consumers aren't sure which coverage to buy and prefer to get some guidance when shopping for cheaper insurance for high risk drivers. It's not always easy to find the best coverage yourself, and insurance agents can give you satisfaction knowing your coverage gives you suitable coverage if you have an accident. To locate a San Antonio car insurance agency close to you, click the button at the bottom of the list.
- Legion Insurance Agency
5309 Wurzbach Rd - San Antonio, TX 78230 - (210) 693-1501
- Norma Lopez Petre - State Farm Insurance Agent
3227 SW Military Dr #103 - San Antonio, TX 78211 - (210) 928-3276
- Toubin Insurance Agency
7410 Blanco Rd #385 - San Antonio, TX 78216 - (210) 446-0109
- Terry Padilla - State Farm Insurance Agent
6633 S Zarzamora - San Antonio, TX 78211 - (210) 932-3399