Locating budget car insurance is difficult, and figuring out which company has the most affordable car insurance rates for high risk drivers takes a little more work. Every car insurance company has a different process for filing rates in each state, so let’s begin by examining the most affordable car insurance companies in San Antonio, TX.
Find the Cheapest Car Insurance for Risky Drivers
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,247|
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Travelers may offer some of the most affordable car insurance rates in San Antonio at around $1,052 a year. This is $852 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the best San Antonio, TX insurance companies.
As shown in the table above, if you are insured with Esurance and switched to USAA, you could realize savings of about $323. Policyholders with California Casualty may save as much as $354 a year, and State Farm insureds might see rate reductions of $366 a year.
Understand that those estimates are averages for all drivers and vehicles and are not factoring in an exact location for high risk drivers. So the car insurance company that can offer you the best price may not even be in the top 23 companies in the list above. That affirms the importance of why you need to quote rates from many companies using your own personal information and vehicle type.
One of the more important criteria that are looked at to help calculate the amount you pay for auto insurance is where you normally keep your vehicle in San Antonio. Areas with more people or higher crime rates tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.
The illustration below shows the highest-priced places in Texas for high risk drivers to buy an auto insurance policy in. San Antonio ranks #13 with an annual cost of $1,739 for the average policy, which is around $145 each month.
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Rate information is estimated as vehicle location can impact rates noticeably.
The car, truck, or SUV that is being insured is a large factor in finding low-cost auto insurance for high risk drivers. Vehicles with limited speed and performance, an excellent safety record, or a track record of few liability claims will cost substantially less to insure than adrenaline junky models.
The next table estimates insurance premiums for a selection of the most budget-friendly vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$3,607|
|Honda Accord LX 4-Dr Sedan||$3,719|
|Ford Escape XLS 4WD||$3,759|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$4,039|
|Toyota RAV4 Limited 2WD||$4,274|
|Chevrolet Malibu LT||$4,315|
|Ford Explorer Eddie Bauer AWD||$4,325|
|Toyota Tacoma Double Cab 4WD||$4,315|
|Dodge Grand Caravan SXT||$4,320|
|Chevrolet Impala LS||$4,399|
|Ford Edge SE AWD||$4,406|
|Chevrolet Equinox LT AWD||$4,447|
|Volkswagen Jetta LE 4-Dr Sedan||$4,454|
|Toyota Camry SE||$4,470|
|Hyundai Elantra GLS 4-Dr Sedan||$4,476|
|Dodge Ram 3500 Crew Cab ST 2WD||$4,592|
|Nissan Altima 2.5 S 4-Dr Sedan||$4,610|
|Honda Odyssey EX-L||$4,640|
|Toyota Corolla S||$4,645|
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Premium data assumes single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Rate information does not factor in zip code location which can influence premium rates noticeably.
Based upon these rates, you can expect vehicles like the Honda CR-V, Honda Accord, Ford Escape, and Jeep Wrangler will be a few of the less-costly vehicles to insure for high risk drivers. The price for an auto insurance policy will be higher anyway just due to the fact that there is more liability exposure for high risk drivers, but overall those specific models will probably have the best insurance prices compared to other types of vehicles.
Picking a high-quality insurance provider can be difficult considering how many different insurance companies sell coverage in San Antonio. The company ratings shown below can help you decide which providers to look at when comparing rate quotes.
These ratings are only comprised of the largest auto insurers in America, so companies with more of a regional focus are not taken into consideration for the list. If you wish to compare prices from these and other competitive companies, click this link.
Top 10 Major Auto Insurers in San Antonio Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Major Auto Insurers in San Antonio Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Cost difference between full coverage and liability
Saving on car insurance is important to most people, and a good way to find cheap insurance for high risk drivers is to not pay for full coverage. The example below compares auto insurance rates when comparing full coverage to liability only. The prices are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no policy discounts are applied.
If we average the cost for all age groups, physical damage coverage costs an additional $2,393 per year more than just buying liability only. That is a big expense that brings up the question if paying for full coverage is worth it. There is no set rule of when to phase out physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
There are a few situations where buying only liability insurance is not financially feasible. If you still have a lienholder on your title, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Poor driving habits will raise your car insurance rates
The common sense way to get affordable car insurance premiums in San Antonio for high risk drivers is to be a careful driver and avoid accidents and traffic violations. The chart below illustrates how violations and at-fault fender-benders can raise insurance premiums for each age group. The rates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
The data above shows the average cost of a car insurance policy in Texas per year with no accidents or violations is $1,682. Add in one speeding ticket and the average cost hikes up to $1,957, an increase of $275 each year. Now add one accident along with the one speeding ticket and the 12-month cost of car insurance for high risk drivers jumps again to an average of $2,732. That’s an increase of $1,049, or $87 per month, just for not being attentive to the road!
How to find cheaper auto insurance for high risk drivers
It is possible to find better rates, and here are a few thrifty solutions that can help you find cheaper coverage.
- Save money by obeying traffic laws and keeping a clean driving record
- At-fault accidents will increase rates
- Full coverage is expensive so only insure older vehicles for liability only
- Lower rates by purchasing a safer vehicle
- Higher credit scores may earn you cheaper rates
- Raise comprehensive and collision coverage deductibles
- Shop around once a year for cheaper rates
The final tip is extraordinarily important, as we emphasized in the prior information. Insurance prices vary greatly, so drivers shouldn’t be resistant to switch companies if you can find a cheaper rate.
We understand brand loyalty, but it’s not recommended if that inflexibility results in costing you a considerable chunk of change every month. It only takes a couple minutes to compare rates and find cheaper insurance for high risk drivers in San Antonio.
The auto insurance agents in San Antonio shown below are a good start to answer your questions and help you decide which coverages are best, since lots of drivers aren’t clear which coverage they need and would like to get help from a professional when comparing insurance rates for high risk drivers. It can be challenging to do it yourself, so getting advice from a licensed agent can add peace of mind knowing your coverage gives you enough coverage when you need it. To locate an agency nearest to you, click the button following the list or click here to compare price quotes now.
- Tim McBroom – State Farm Insurance Agent
8802 Marbach Rd #100 – San Antonio, TX 78227 – (210) 673-3401
- A and A Insurance Agency
1317 Castroville Rd – San Antonio, TX 78237 – (210) 434-2311
- State Farm: John Pitre
825 W Bitters Rd #105 – San Antonio, TX 78216 – (210) 514-1083