The words “cheap” and “insurance” really shouldn’t be used in the same sentence, in particular when comparison shopping for the best insurance rates for drivers with good credit. Let’s introduce you to some of the factors that significantly impact insurance rates, and see if we can help you lower the price of the next policy you buy.
For financially responsible drivers, one of the more important considerations that are looked at to help calculate the price you pay for insurance is where your car is garaged in San Antonio. Regions with larger populations or more claims will most likely pay more, whereas areas with less congestion can boast about having cheaper rates.
The illustration below rates the most expensive cities in Texas for drivers with good credit to purchase auto insurance in. San Antonio is listed at #14 having an annual price of $1,688 for the average insured, which is approximately $141 monthly.
|Rank||City||Premium Per Year|
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Premium costs are approximated as vehicle location can revise coverage prices significantly.
The type of vehicle that is being insured is one of the main factors that determines the availability of cheaper auto insurance for drivers with good credit. Vehicles with lower acceleration and performance, an excellent safety record, or a track record of few liability claims will cost significantly less to insure than high performance models.
The information below ranks insurance prices for a handful of the more affordable vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$1,003|
|Honda CR-V LX 4WD||$1,010|
|Ford F-150 XL Super Cab 4WD||$1,125|
|Honda Accord EX 4-Dr Sedan||$1,148|
|Chevrolet Impala LS||$1,164|
|Toyota Camry LE||$1,187|
|Hyundai Elantra Blue 4-Dr Sedan||$1,228|
|Toyota Corolla S||$1,250|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$1,273|
|Ford Explorer XLT AWD||$1,289|
|Ford Edge SEL 2WD||$1,337|
|Toyota Tacoma 2WD||$1,345|
|Honda Odyssey EX W/Rear Entertainment||$1,337|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,341|
|Dodge Grand Caravan Crew||$1,387|
|Dodge Ram 2500 Mega Cab Laramie 2WD||$1,421|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,428|
|Chevrolet Malibu LS||$1,455|
|Toyota RAV4 Limited 2WD||$1,461|
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Data based on single female 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. Premium amounts do not factor in your specific San Antonio, TX location which can raise or lower auto insurance rates considerably.
By looking at the data, we can conclude that models like the Ford Escape, Honda CR-V, Toyota Prius, and Ford F-150 are going to be some of the cheapest vehicles to insure for financially responsible drivers.
How to get discounts on San Antonio insurance rates
Insurance companies that provide coverage for drivers with good credit may have price discounts that can lower rates by 25% or more if you are eligible for them. The best auto insurance companies and a partial list of their discounts are:
- State Farm includes discounts for student away at school, multiple autos, safe vehicle, good student, and passive restraint.
- GEICO may offer discounts for membership and employees, federal employee, five-year accident-free, military active duty, air bags, emergency military deployment, and multi-vehicle.
- SAFECO offers discounts for drive less, homeowner, multi-car, teen safe driver, anti-theft, and bundle discounts.
- Farmers Insurance offers discounts including youthful driver, alternative fuel, bundle discounts, good student, homeowner, mature driver, and distant student.
- AAA policyholders can earn discounts including multi-policy, education and occupation, AAA membership discount, anti-theft, good student, multi-car, and good driver.
- USAA has savings for defensive driver, annual mileage, good student, multi-vehicle, family discount, new vehicle, and multi-policy.
The illustration below illustrates the difference between yearly insurance costs with and without discounts applied. The premiums assume a female driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with multiple vehicle, homeowner, multiple policy, anti-theft, vehicle safety, and safe-driver discounts applied. When discounts are factored in, theamount saved on auto insurance for drivers with good credit is 28% or $717.
Full coverage rates vs. liability-only
Saving on auto insurance is important to most people, and one easy way to save on the cost of insurance for drivers with good credit is to not buy comprehensive and collision coverage. The example below illustrates the difference between insurance costs with and without physical damage coverage. The premiums are based on no claims or violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.
If the expense is averaged for all age categories, physical damage insurance costs $2,393 per year more than just buying liability only. At some point, almost every driver questions if buying full coverage is worth the money. There is no clear-cut formula of when to phase out full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s say your vehicle’s replacement cost is $6,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,500 after paying your policy deductible. If it’s costing you more than $550 annually for physical damage coverage, then it might be time to buy liability only.
There are some situations where buying only liability insurance is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Which auto insurance company is best in Texas?
Finding the top car insurance provider can be challenging considering how many choices drivers have in Texas. The company information shown next may help you decide which coverage providers you want to consider when shopping insurance around for drivers with good credit.
The rankings below are only made up of companies with a national presence, so companies that only write business in Texas or surrounding areas will not be included in this list. To check prices from these top-rated insurers and more, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The insurance agencies listed below are willing to help you determine which insurance coverage you need, as lots of people like to get some help when buying car insurance for financially responsible drivers. It can be time-consuming to find coverage yourself, so getting advice from a licensed agent can provide comfort knowing your coverage gives you enough protection. To locate a San Antonio car insurance agency nearest to you, click the button below the list.
A.R.M. Insurance Agency
1534 W Contour Dr #101 – San Antonio, TX 78212 – (210) 828-7873
State Farm: John Pitre
825 W Bitters Rd #105 – San Antonio, TX 78216 – (210) 514-1083
Jaime Luna – State Farm Insurance Agent
9719 Poteet Jourdanton Fwy Ste 103 – San Antonio, TX 78211 – (210) 927-5862
Affordable Health Insurance Agency, LLC
7330 San Pedro Ave #150 – San Antonio, TX 78216 – (210) 738-3537
Jacqui Lugar – State Farm Insurance Agent
1248 Austin Hwy Ste. 202 – San Antonio, TX 78209 – (210) 822-2121
How to find budget-friendly insurance for drivers with good credit
The list below summarizes a few penny-pinching suggestions that can help San Antonio drivers locate lower-cost auto insurance.
- Do not get traffic tickets
- Choose a safer vehicle and pay lower rates
- Bundle home and auto and save
- Full coverage may not be needed on older vehicles
- Frequent claims will increase rates
- Staying accident-free helps keep rates low
- Compare rate quotes frequently
The last idea is very necessary, as we noted in this piece. Auto insurance prices in San Antonio change frequently, so don’t be tentative to switch carriers if you can find a cheaper rate.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if that loyalty ends up costing lots of hard earned cash every month. It only takes a couple minutes to compare prices to find cheaper insurance for drivers with good credit.