The words “cheap” and “insurance” really shouldn’t be used together, especially when you are looking for the cheapest car insurance for inexperienced drivers. Because it’s not cheap, let’s start off by going over a few of the factors that have an impact on auto insurance rates, and see if we can help you reduce the cost of the next policy you buy.
The car, truck, or SUV requiring insurance is a large consideration when trying to find affordable insurance for inexperienced drivers. Vehicles with more horsepower, poor safety ratings, or a track record of large liability claims will cost quite a bit more to insure than safer models. The list below ranks auto insurance premiums for the cheaper vehicles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$981|
|Honda CR-V EX 2WD||$1,101|
|Honda Odyssey EX W/Rear Entertainment||$1,135|
|Toyota RAV4 Limited 4WD||$1,155|
|Ford Edge SE 2WD||$1,170|
|Ford F-150 FX2 2WD||$1,177|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,182|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,193|
|Honda Accord EX-L 4-Dr Sedan||$1,203|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,217|
|Hyundai Elantra GLS 4-Dr Sedan||$1,222|
|Chevrolet Impala LTZ||$1,217|
|Jeep Grand Cherokee Limited 2WD||$1,239|
|Dodge Grand Caravan SE||$1,242|
|Toyota Camry LE||$1,264|
|Chevrolet Malibu Hybrid||$1,272|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,282|
|Ford Explorer Limited 2WD||$1,289|
|Nissan Rogue SL AWD||$1,302|
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Data variables include single male driver age 50, 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. Rates do not factor in specific zip code location which can increase or decrease rates considerably.
Based upon the rates shown, we can infer that cars like the Ford Escape, Toyota Prius, Honda CR-V, and Honda Odyssey are most likely to be the most budget-friendly vehicles to insure for new drivers.
Trying to find affordable auto insurance is not the easiest thing to accomplish, and determining which companies offer the best insurance rates for inexperienced drivers requires even more work.
Every insurance company uses their own method for filing rates in each state, so we’ll take a look at the overall cheapest insurance companies in Arlington.
Find Cheaper Auto Insurance for Newbies
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,211|
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Travelers quotes some of the cheapest car insurance rates in Arlington at around $1,041 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the cheaper Arlington, TX auto insurance companies.
As shown in the rates above, if you buy coverage from Germania Mutual and switched to USAA, you could see a yearly savings of in the neighborhood of $187. Customers with Esurance may save as much as $284 a year, and California Casualty policyholders might lower prices by $287 a year.
These rates are averages across all types of insureds and vehicles and and are not calculated with an exact vehicle garaging location for inexperienced drivers. So the company that is best for you may not even be in the top 23 companies shown above. That affirms the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.
Get discounts on Arlington auto insurance rates
Insurance providers that offer cheap quotes for inexperienced drivers may have rate discounts that could reduce prices by 40% or more if you are eligible for them. Larger insurance companies and their offered discounts are detailed below.
- State Farm may include discounts for student away at school, good student, defensive driving training, Steer Clear safe driver discount, and Drive Safe & Save.
- Farmers Insurance offers premium reductions for switch companies, alternative fuel, good student, bundle discounts, and multi-car.
- GEICO may have discounts that include five-year accident-free, anti-lock brakes, membership and employees, seat belt use, and military active duty.
- American Family has savings for early bird, accident-free, good driver, defensive driver, multi-vehicle, and air bags.
- Nationwide discounts include defensive driving, easy pay, anti-theft, business or organization, good student, multi-policy, and family plan.
- Progressive policyholders can earn discounts including continuous coverage, homeowner, online signing, multi-policy, online quote discount, good student, and multi-vehicle.
The chart below illustrates the difference between insurance costs with and without policy discounts. Data assumes a male driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with claim-free, defensive driving course, anti-theft, multiple vehicle, passive restraint, and accident-free discounts applied. When taking advantage of discounts, the average savings per year on insurance for inexperienced drivers is 28% or $756.
Cost comparison with and without full coverage
Saving money when shopping for insurance is the goal of the majority of drivers, and one easy way to pay less for insurance for inexperienced drivers is to buy liability only. The example below shows the comparison of insurance costs when comparing full coverage to liability only. The data is based on no claims or driving citations, $250 deductibles, marital status is single, and no other discounts are factored in.
As an overall average, comp and collision coverage costs $2,671 per year more than just insuring for liability. Lot’s of drivers question if you should buy full coverage at all. There is no set rule for eliminating physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
There are some cases where buying only liability insurance is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
Here’s why price comparisons are so important
Arlington, TX insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay. Getting older, buying another vehicle, or getting a ticket for careless driving can trigger rate changes that can make some companies more affordable than competitors.
Not only may your situation change, but insurance companies file new Texas car insurance rates as often as every three months to ensure their profitability. Significantly higher losses may cause more expensive prices, while less frequent claims may produce lower-priced Arlington car insurance rates.
To illustrate this point, the chart below shows which companies have the cheapest car insurance in Arlington, TX for a 35-year-old male driver with no prior accidents, a clean driving record, and excellent credit. If we estimate rates based on his current rating profile, Travelers might offer the best car insurance rates in Arlington at $1,138 per year. This is $766 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 best Arlington, TX auto insurance companies.
The next chart shows rates after we give the driver from the above example a claim or two, a lower credit rating, and a traffic ticket or two. Due to the fact that each insurance company has their own formula to set premium rates, comparing insurance quotes may now result in a significantly different list of affordable Arlington car insurance companies as shown below.
Mercury now has the best insurance rate in Arlington with State Farm, Safe Auto, USAA, and Nationwide now being in the top five. This example illustrates why Arlington drivers need to perform a complete rate comparison to get the best insurance quotes for inexperienced drivers. Insurance prices are determined by many things and change frequently, so the lowest-price company when you bought your policy may now be costing you a lot of money.
Ideas for finding budget-friendly auto insurance for inexperienced drivers
The list below shows some of the better thrifty ideas that can help drivers quote cheap coverage.
- Bundle home and auto and save
- Pay cheaper rates with good credit scores
- Lower rates by purchasing a safer vehicle
- Avoid at-fault accidents and claims
- Drop full coverage on older vehicles
- Compare prices frequently to find the best deal
That final tip is extraordinarily valuable, as we hit on in this article. Auto insurance prices change frequently, so drivers shouldn’t be resistant to switch carriers if you find a better deal. Many drivers prefer to stick with one company, but is isn’t recommended if that dedication is costing lots of money. If you have a few minutes, compare prices to find cheaper auto insurance for inexperienced drivers in Arlington.
The insurance agents in Arlington listed below can most likely provide answers to your questions and help you determine which auto insurance policy would work best for you, as lots of people like to have a little guidance when comparing insurance rates for new drivers. It can be difficult to do it yourself, and a professional agent can give satisfaction knowing your coverage gives you suitable coverage if you have an accident. To find an agent using an interactive map, click the link after the list or click here to get price quotes now.
Farmers Insurance: Cindy Dickey
980 N Cooper St – Arlington, TX 76011 – (817) 261-8484
Allstate Insurance: Classic Family Agency
1001 NE Green Oaks Blvd Ste 171 – Arlington, TX 76006 – (817) 468-3066
Randy McCoy – State Farm Insurance Agent
1730 W Randol Mill Rd #160 – Arlington, TX 76012 – (817) 274-1324