Wouldn't it be excellent if we could magically tell you that one perfect company that has the lowest car insurance rates for drivers requiring a SR22? It's just not that simple, as there are a lot of unknowns like the vehicle you drive, where you live in Arlington, what physical damage coverage deductibles you want, and how well you maintain your credit, that all have an effect on the price. The content below covers these types of topics and should give you a good start in finding the cheapest car insurance in Texas.
The vehicle to be insured is a large factor when shopping around for the cheapest car insurance for drivers requiring a SR22. Vehicles with limited speed and performance, an excellent safety record, or a positive history of liability claims will cost quite a bit less to insure than fast, unsafe models. The data below outlines auto insurance rates for a number of the more affordable automobiles to insure in Texas.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$3,290|
|Ford Escape XLT 4WD||$3,305|
|Hyundai Elantra SE Touring Station Wagon||$3,480|
|Honda Accord EX-L 4-Dr Sedan||$3,510|
|Volkswagen Jetta 2.0T Station Wagon||$3,593|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$3,676|
|Ford F-150 XL Crew Cab 2WD||$3,718|
|Ford Edge SEL 2WD||$3,735|
|Toyota RAV4 4WD||$3,773|
|Honda Odyssey EX W/Rear Entertainment||$3,856|
|Chevrolet Impala LS||$3,863|
|Chevrolet Malibu LS||$3,869|
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Cost estimates assume married male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate information does not factor in specific zip code location which can change insurance rates considerably.
Looking at the data, you can assume that vehicles like the Honda CR-V, Ford Escape, Toyota Prius, and Hyundai Elantra are most likely going to be the most budget-friendly vehicles to insure for high risk drivers. The cost of a car insurance policy will tend to be more expensive anyway because of the fact that there is more liability risk for drivers requiring a SR22, but generally speaking those models will probably have the cheapest auto insurance rates available.
Deciding which company quotes the lowest-priced car insurance rates for drivers requiring a SR22 may require a bit more effort in order to find the best policy. Each insurance company used slightly different criteria for determining prices, so to begin we'll rank the most competitive car insurance companies in Arlington, TX.
It's important to know that Arlington, TX car insurance rates are determined by lots of factors that can increase the policy premium. Improving your credit rating, increasing deductibles, or getting a speeding ticket can trigger rate changes that can cause some rates to be cheaper than before.
Find Cheaper Auto Insurance for SR22 Drivers
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,247|
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Travelers quotes some of the cheapest car insurance rates in Arlington at around $1,052 per year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also qualify as some of the cheapest Arlington, TX auto insurance companies.
In the above rates, if you are a policyholder with California Casualty and switched to USAA, you might realize yearly savings of in the vicinity of $254. Policyholders with Esurance might save as much as $293 a year, and State Farm customers might reduce prices by as much as $337 a year.
To get a quick, customized rate comparison, click here to get a free quote or quote prices from the following companies.
Remember that these premiums are averages across all types of drivers and the different vehicles they drive and do not factor in an exact location for drivers requiring a SR22. So the car insurance company that fits your needs best may not even be in the top 23 companies in the list above. That emphasizes why you need to compare prices as often as possible using your own driver and vehicle profiles.
For high risk drivers, one of the largest things that are used to help calculate car insurance rates is the neighborhood you call home in Arlington. Areas with high crime rates or more dense population tend to have higher rates, whereas areas with less congestion have the luxury of cheap car insurance rates.
The following table sorts the most expensive places in Texas for drivers requiring a SR22 in which to purchase auto insurance. Arlington is ranked #16 having an annual price of $1,642 for coverage, which is about $137 monthly.
|Rank||City||Premium Per Year|
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Premium amounts are comparative as the specific geographic location can increase or decrease coverage rates considerably.
How to get discounts on Arlington auto insurance rates
Insurance companies that offer coverage for drivers requiring a SR22 may provide policy discounts that may potentially lower prices by as much as 40% or more if you are eligible. Popular car insurance companies and a selection of discounts are shown below.
- State Farm offers discounts including driver's education, multiple autos, safe vehicle, multiple policy, good student, defensive driving training, and passive restraint.
- Progressive has savings for multi-vehicle, homeowner, continuous coverage, good student, online quote discount, and multi-policy.
- Travelers includes discounts for save driver, new car, good student, driver training, and hybrid/electric vehicle.
- American Family may include discounts for air bags, multi-vehicle, mySafetyValet, Steer into Savings, TimeAway discount, and good student.
- Liberty Mutual may offer discounts for multi-car, newly married, safety features, good student, and preferred payment discount.
The diagram below shows the difference between insurance rates with and without discounts applied to the policy premium. The price estimates are based on a female driver, two violations and one at-fault accident, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with homeowner, vehicle safety, paperless filing, multiple vehicle, anti-theft, and continuous coverage discounts applied. When drivers take advantage of discounts, the average savings per year on car insurance for drivers requiring a SR22 is 28% or $976.
Driving violations and accidents
The ideal way to obtain good car insurance premiums for high risk drivers is to drive safe and not get tickets or have accidents. The illustration below shows how violations and accidents influence insurance premiums for each different age category. The information is based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,527. Receive one speeding ticket and the average cost increases to $1,733, an increase of $206 each year. Next add two accidents along with the one speeding ticket and the yearly cost of car insurance for drivers requiring a SR22 jumps again to an average of $3,665. That's an increase of $2,138, or $178 per month, just for not paying attention while driving!
The chart below demonstrates how deductible levels can affect annual premium costs when quoting cheap insurance for drivers requiring a SR22. The rate quotes are based on a single female driver, full coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could save $408 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $612 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old, could lower their rates $1,048 or even more by choosing a higher deductible. When raising deductibles, it will now be necessary to have spare funds to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Ideas for buying more affordable insurance for drivers requiring a SR22
The list below summarizes many thrifty suggestions that can help you buy more affordable auto insurance.
- Do not pay for comprehensive and collision coverage on older vehicles
- Be a cautious driver
- At-fault accidents can raise rates significantly
- Claim-free policyholders usually earn a discount
- Increase your comprehensive and collision deductibles
- Compare rates and switch if you can find a better deal
That last idea is notably valuable, as we stressed in the prior article. Prices fluctuate constantly, so don't be unwilling to buy a policy from a new company if you find a cheaper price.
Loyalty to a specific company is fine, but it's not a good idea if your bullheadedness ends up costing you several hundred dollars every year. Now is a great time to compare rates to find cheaper insurance for drivers requiring a SR22 in Arlington.
The insurance agencies below are a good start to help you determine which is the best policy, since some drivers wish to have some advice when shopping around for cheaper insurance for high risk drivers. It can be difficult to do it yourself, and a professional agent can bring satisfaction knowing your policy gives you suitable coverage if you ever need to use it. To locate an Arlington auto insurance agent close to you, click the button at the bottom or click here to compare price quotes.
Jeremy Normand State Farm®
3000 S Cooper St - Arlington, TX 76015 - (817) 465-6292
Billy Rhodes - State Farm® Insurance Agent
4621 S Cooper St #119 - Arlington, TX 76017 - (817) 557-1222
TJ Villarreal - State Farm Insurance Agent
851 NE Green Oaks Blvd - Arlington, TX 76006 - (817) 461-0000
Ryan Salsbury - State Farm Insurance Agent
1120 E Bardin Rd Ste 170 - Arlington, TX 76018 - (817) 465-7926
Farmers Insurance - Philip Szurek
2614 W Arkansas Ln - Arlington, TX 76016 - (817) 303-3880