Establishing which companies have the most affordable car insurance rates for drivers with accidents takes a little more work than just getting one or two price quotes. Every insurance provider has their own formula for setting prices, so let’s look at the rankings for the overall cheapest car insurance companies in Texas.
It’s important that you understand Texas car insurance rates are influenced by many factors which can substantially change the price of coverage. Simply getting older, buying a different home, or having an accident may cause policy rate changes that can make some companies affordable when they were higher priced.
Lowest Insurance Price Quotes for Accident Prone Drivers
Travelers may have some of the lowest car insurance rates in Arlington at around $1,010 each year. This is $894 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the cheaper Arlington, TX insurance companies.
As shown above, if you are currently insured with Germania Mutual and switched to USAA, you could earn a yearly price reduction of in the neighborhood of $166. Insureds with Esurance may save as much as $279 a year, and California Casualty customers might see rate reductions of $296 a year.
Understand that those estimates are averaged for all drivers and vehicles in Texas and and are not figured with an exact location for drivers with accidents. So the insurer that fits you best may not even be in the list above. That underscores the importance of why you need to get auto insurance quotes using your own personal information and vehicle type.
One of the more important criteria that are looked at to determine the price you pay for insurance is where you normally keep your vehicle in Arlington. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper car insurance.
The table below lists the most costly cities in Texas for drivers with accidents in which to buy car insurance. Arlington comes in at #13 with an annual premium of $1,709 for the average insurance policy, which is approximately $142 each month.
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Prices are approximated as the specific Arlington residence address can revise rates greatly.
Types of discounts on Arlington car insurance
Insurance providers that provide coverage for drivers with accidents may also offer discounts that could lower prices by as much as 40% or more if you are eligible. Popular car insurance companies and some of their more popular discounts are detailed below.
- State Farm may have discounts that include defensive driving training, good student, passive restraint, driver’s education, Steer Clear safe driver discount, safe vehicle, and Drive Safe & Save.
- GEICO discounts include federal employee, anti-lock brakes, multi-vehicle, defensive driver, and five-year accident-free.
- SAFECO may include discounts for bundle discounts, safe driver, multi-car, accident prevention training, drive less, and anti-lock brakes.
- Farmers Insurance may offer discounts for bundle discounts, switch companies, distant student, alternative fuel, multi-car, pay in full, and early shopping.
- AAA offers discounts for multi-policy, pay-in-full, multi-car, good student, education and occupation, and AAA membership discount.
- USAA policyholders can earn discounts including multi-vehicle, good student, defensive driver, new vehicle, annual mileage, and military installation.
The illustration below visualizes the comparison of premium costs with and without discounts being applied to the rates. The data is based on a female driver, no violations and two at-fault accidents, Texas state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, homeowner, multiple vehicle, vehicle safety, paperless filing, and paid-in-full discounts applied. In this example, the average savings per year on car insurance for drivers with accidents is 28% or $975.
The illustration below demonstrates how choosing different deductibles can impact insurance prices when researching cheap insurance for drivers with accidents. The premiums assume a married female driver, full coverage, and no discounts are applied to the premium.
A 50-year-old driver could lower rates by $310 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $468 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old, can cut as much as $772 each year by choosing a larger deductible amount.
If you do decide to increase your deductibles, it will be important to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense that comes with higher deductibles.
Full coverage rates compared to liability only
Finding the cheapest car insurance is important to most vehicle owners, and one of the quickest ways to save on the cost of insurance for drivers with accidents is to buy liability only. The illustration below compares auto insurance costs with full coverage and liability only. The costs are based on no violations or claims, $250 deductibles, marital status is single, and no other discounts are factored in.
If we average the cost for ages 20 through 70, full coverage on your policy costs $2,671 per year more than buying just liability insurance. That brings up the question if you should buy full coverage. There is no set rule to exclude physical damage coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
You may be paying too much for car insurance
Texas car insurance rates are calculated based on many things that may substantially change the policy price. Improving your credit rating, having a teenage driver, or having an accident can cause premium changes that can make some companies more affordable than the competition.
Also, companies amend pricing as needed to help ensure profitability. Higher than normal claims may cause rate increases, while a better claims history may produce cheaper Arlington car insurance rates.
To illustrate this point, the data below shows which company has the cheapest car insurance in Arlington, TX for a 30-year-old female driver with a good driving record, no prior claims, and solid credit. When quoting prices based on her personal risk profile, Travelers may offer the most affordable car insurance rates in Arlington at $1,095 per year. This is $809 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the top five cheapest Arlington, TX auto insurance companies.
Now we will pretend the driver in the first chart a claim or two, poor credit, and a speeding ticket. Because every insurance company has a proprietary formula to establish rates, analyzing rates may now result in a slightly different list of cheap Arlington auto insurance companies as shown below.
State Farm now has the cheapest rate in Arlington with Mercury, Safe Auto, Nationwide, and USAA also having competitive pricing. This example proves why consumers need to take the time to compare many different companies when trying to get cheap car insurance rates for drivers with accidents. Auto insurance prices are made up of many different factors and change dramatically, so the most economical option when you bought your policy may now be one of the higher cost companies.
The professional agents shown below are a good start to aid you in deciding which auto insurance policy would work best for you, since many consumers aren’t sure which coverage to buy and prefer to get some help when trying to find the best insurance rates for drivers with accidents. It can be time-consuming to find the cheapest auto insurance company, and a licensed agent can add peace of mind knowing you have adequate asset protection. To find an agent close to you, click the button at the bottom of the list or click here to compare price quotes.
- GEICO Insurance Agent
5930 Interstate 20 W Suite 252 – Arlington, TX 76017 – (817) 985-5300
- Low Rate Insurance Agency
1900 E Abram St – Arlington, TX 76010 – (817) 635-0375
- Jesus Sanchez – State Farm Insurance Agent
3330 Matlock Rd #124 – Arlington, TX 76015 – (817) 468-3338
- Pickard Insurance Agency
2221 W Arkansas #102 – Arlington, TX 76013 – (817) 460-0333