The words “cheap” and “auto insurance” really shouldn’t be used in the same sentence, in particular when you are searching for the cheapest auto insurance for unemployed drivers. To help control this cost, let’s introduce you to some things that influence insurance rates, and find a few ways to lower the price of the next policy you buy.
For the unemployed, one of the more important things that are used to help calculate the annual cost of car insurance is your zip code in Arlington. Areas with increased crime or more people tend to have more expensive auto insurance rates, whereas more rural areas benefit from lower rates.
The next table ranks the priciest cities in Texas for unemployed drivers in which to buy car insurance. Arlington comes in at #16 with an annual cost of $1,642 for car insurance, which is around $137 monthly.
|Rank||City||Premium Per Year|
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Annual rates are estimated as the specific Arlington residence address can influence insurance rates significantly.
The type of vehicle requiring coverage is probably the most important factor when comparing the most economical insurance for unemployed drivers. Vehicles with average performance, good crash test ratings, or a low likelihood of having liability claims will cost quite a bit less to insure than adrenaline junky models.
The information below features insurance prices for a handful of the most budget-friendly vehicles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Chevrolet Silverado LS Regular Cab 4WD||$1,016|
|Chevrolet Impala LT||$1,097|
|Honda Civic VP 4-Dr Sedan||$1,132|
|Toyota Tacoma X-Runner 2WD||$1,153|
|Honda CR-V EX 4WD||$1,162|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,195|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$1,232|
|Ford Escape Limited 4WD||$1,234|
|Honda Accord LX-S 2-Dr Coupe||$1,239|
|Ford F-150 XLT Regular Cab 2WD||$1,245|
|Ford Fusion Sport AWD 4-Dr Sedan||$1,252|
|Volkswagen Jetta LE 4-Dr Sedan||$1,256|
|Dodge Grand Caravan SE||$1,274|
|Ford Explorer Eddie Bauer 2WD||$1,279|
|Dodge Ram Quad Cab Sport 2WD||$1,276|
|Dodge Ram 2500 Crew Cab SLT 4WD||$1,282|
|Hyundai Elantra Blue 4-Dr Sedan||$1,298|
|Ford Focus SE 4-Dr Sedan||$1,317|
|Honda Odyssey EX W/Rear Entertainment||$1,323|
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Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium amounts do not factor in specific location information which can modify premium rates greatly.
By looking at the data, we can conclude that vehicles like the Chevrolet Silverado, Toyota Prius, Chevrolet Impala, and Honda Civic are most likely going to be a few of the more affordable vehicles to insure for the unemployed.
Ending up with the best company can be a challenge considering how many choices drivers have in Texas. The ranking information shown below can help you analyze which coverage providers to look at comparing rates from. The rankings below are only comprised of the largest companies in the United States, so companies that may only write in Texas will not be included in the list.
|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 example below demonstrates how choosing different deductibles can affect insurance rates when searching for cheap insurance for unemployed drivers. The prices are based on a married female driver, comprehensive and collision coverage, and no discounts are applied.
The data above shows that a 50-year-old driver could lower rates by $260 a year by changing from a $100 deductible to a $500 deductible, or save $394 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could potentially save up to $646 or even more just by choosing higher deductibles when buying full coverage.
When insureds make the decision to increase the deductibles on their policy, it will be important to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Get discounts on Arlington insurance rates
Insurance providers that provide policies for unemployed drivers could also offer rate discounts that could lower prices by 30% or more if you meet specific criteria. Large auto insurance companies and some of the discounts can be found below.
- Mercury Insurance has discounts for ease of repair, annual mileage, location of vehicle, anti-theft, type of vehicle, age of vehicle, and professional/association.
- Farmers Insurance offers premium reductions for multi-car, switch companies, homeowner, teen driver, electronic funds transfer, and early shopping.
- Farm Bureau discounts include safe driver, 55 and retired, renewal discount, multi-vehicle, and driver training.
- State Farm may include discounts for accident-free, Drive Safe & Save, multiple policy, defensive driving training, anti-theft, and passive restraint.
- Allstate offers discounts for farm vehicle, anti-theft, passive restraint, safe driver, economy car, and eSmart discount.
- GEICO has savings for multi-vehicle, federal employee, military active duty, daytime running lights, membership and employees, driver training, and five-year accident-free.
The information below illustrates the difference between insurance costs with and without discounts applied to the rates. Data assumes a female driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with claim-free, marriage, passive restraint, multiple policy, vehicle safety, and defensive driving course discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for unemployed drivers is 28% or $517.
What aren’t you shopping around?
Arlington, TX auto insurance rates are impacted by many things which can substantially decrease or increase the price of your policy. Simply turning a year older, increasing liability limits, or getting into an accident may prompt premium changes that may make certain companies cheaper in comparison to the competition. Not only may things change on your end, but insurance companies file new Texas car insurance rates every year in order to offset underwriting gains or losses. Higher than normal claims can result in increased policy costs, while lower claim levels may cause cheaper Arlington car insurance rates.
The data below demonstrates which company has the cheapest car insurance in Arlington, TX for a 35-year-old female driver with no violations or accidents, and a decent credit rating. If we compare prices based on her personal profile, Travelers may have the cheapest car insurance rates in Arlington at $1,115 each year. This is $789 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining top five cheapest Arlington, TX auto insurance companies.
The chart below compares rates after we give the driver from the first example a chargeable accident, less-than-perfect credit, and a few blemishes on her driving record. Since each insurance company uses their own formula to establish rates, comparing insurance quotes most likely will result in a different set of the cheapest companies as shown below.
State Farm now has the best auto insurance rate in Arlington, TX with Mercury, USAA, Nationwide, and Safe Auto completing the list. This example shows why Texas drivers need to compare many different companies to get the most affordable auto insurance quotes for unemployed drivers.
Insurance prices are determined by many risk factors and can decrease or increase without notice, so the best company two years ago may now be costing you a lot of money.