Wouldn’t this article be short if you could just magically know the one company that has the cheapest policy rates for used cars? It’s not quite that easy, unfortunately, as there are a whole bunch of unknown aspects like if you have maintained coverage continuously, your credit rating, the number of miles you drive each year, and whether or not you own a home, that all have an effect on the price. The information below will cover some of these factors and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.
Finding good, budget insurance is easier said than done, and figuring out which companies have the most affordable insurance rates for used cars may require even more diligence. Every car insurance company has their own formula for determining rates, so let’s take a look at the insurance companies with the most affordable rates in Texas.
Cheapest Insurance Rates for Used Cars
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
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Travelers generally has some of the lowest car insurance rates in Arlington at around $1,021 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the cheapest Arlington, TX car insurance companies.
As shown in the rates above, if you currently have coverage with Germania Mutual and switched to Travelers, you could see a yearly price reduction of in the vicinity of $273. Policyholders with Esurance might save as much as $344 a year, and California Casualty policyholders might realize rate reductions of up to $375 a year.
To see how much you can save, click here or feel free to get quotes from the companies below.
Remember that these policy rates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for used cars. 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 as many prices as possible using your own driver information and specific vehicle type.
One of the more important criteria that are looked at to determine the price you pay for insurance is where you live in Arlington. Areas with high crime rates or more dense population tend to have higher rates, whereas more rural areas benefit from lower rates.
The following table shows the priciest cities in Texas for used cars to buy car insurance in. Arlington ranks #17 with a yearly cost of $1,642 for the average policyholder, which is approximately $137 monthly.
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Rates are approximated as specific location information can increase or decrease coverage prices considerably.
The vehicle driven is a large consideration when shopping around for the most affordable insurance for used cars. Vehicles with lower performance, advanced safety features, or low incidents of liability claims will cost less to insure than high performance models.
The list below illustrates insurance prices for the more affordable vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$824|
|Honda Accord LX 4-Dr Sedan||$874|
|Ford Escape XLS 4WD||$879|
|Jeep Wrangler Sport 4WD 2-Dr||$907|
|Dodge Grand Caravan Hero||$951|
|Honda Odyssey LX||$960|
|Toyota Corolla XLE||$1,001|
|Nissan Rogue S AWD||$1,019|
|Chevrolet Silverado LT Crew Cab 4WD||$1,021|
|Jeep Grand Cherokee Laredo 4WD||$1,038|
|Toyota RAV4 Limited 2WD||$1,043|
|Chevrolet Equinox LT 2WD||$1,038|
|Toyota Tacoma Double Cab 4WD||$1,047|
|Ford Explorer Limited AWD||$1,060|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,070|
|GMC Sierra SLE Crew Cab 2WD||$1,065|
|Ford Focus SES 4-Dr Sedan||$1,069|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$1,071|
|Kia Optima EX||$1,089|
|Toyota Camry Hybrid||$1,099|
|Chevrolet Malibu LT||$1,091|
|Ford F-150 Lariat Crew Cab 2WD||$1,101|
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price estimates do not factor in specific location information which can revise premiums noticeably.
Looking at the data, we can conclude that cars like the Honda CR-V, Honda Accord, Ford Escape, and Jeep Wrangler are a few of the less-costly vehicles to insure for pre-owned vehicles.
Discount Arlington auto insurance
Insurance companies that offer coverage for used cars may also offer rate discounts that could reduce prices by 25% or more if you meet eligibility requirements. A list of companies and a selection of discounts include:
- State Farm policyholders can earn discounts including safe vehicle, passive restraint, good student, Steer Clear safe driver discount, and multiple autos.
- Farmers Insurance may offer discounts for good student, early shopping, switch companies, teen driver, homeowner, and distant student.
- GEICO offers discounts for good student, federal employee, daytime running lights, military active duty, driver training, and anti-theft.
- American Family offers discounts including Steer into Savings, accident-free, air bags, good driver, bundled insurance, and mySafetyValet.
- Nationwide has savings for anti-theft, business or organization, accident-free, family plan, Farm Bureau membership, and easy pay.
- Progressive discounts include good student, continuous coverage, multi-policy, homeowner, and online signing.
The example below illustrates the comparison of auto insurance rates with and without policy discounts. The data assumes a female driver, no violations or claims, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple policy, defensive driving course, accident-free, passive restraint, safe-driver, and anti-theft discounts applied. When these discounts are applied, the average savings per year on insurance for used cars is 28% or $571.
Ending up with the highest-rated company is difficult considering how many companies there are to choose from in Texas. The information shown next could help you pick which auto insurance companies to look at when looking for cheaper rates.
These ratings are for major nationwide insurance companies, so smaller companies will not be included in this list. If you would like to check rates from these and other competitive companies, click this link.
Top 10 Major Car Insurance Companies in Arlington 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 Car Insurance Companies in Arlington Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
How to find cheaper car insurance for used cars
Here are many thrifty ideas that can help you quote more affordable car insurance.
- Maintain a safe distance and avoid accidents
- Increase your credit rating
- Safe vehicles generally have lower rates
- Home or renters coverage can save on auto insurance
- Do not insure for full coverage
- Keep rates low by shopping around frequently
That final tip is very valuable, as we noted in the article above. Prices charged by auto insurers in Arlington can change considerably in a year, so don’t be afraid to buy a different policy if a better deal can be had.
Being loyal to a particular company is commendable, but is isn’t recommended if that dedication is costing thousands of dollars over the life of your policy. In less than five minutes you could shop around to find cheaper car insurance for used cars.
The auto insurance agents in Arlington shown below are willing to help you decide which policy is best, as lots of drivers aren’t clear which coverage they need and would like to have a professional recommendation when comparing insurance rates for pre-owned vehicles. It can be time-consuming to find the best coverage yourself, so using a licensed agent can add comfort knowing you have enough protection. To find an Arlington insurance agency near you, click the button at the bottom or click here to get price quotes now.
Low Rate Insurance Agency
1900 E Abram St – Arlington, TX 76010 – (817) 635-0375
Nationwide Insurance: Al Sicard Agency Group LLC
1818 E Abram St – Arlington, TX 76010 – (817) 460-3377
Allstate Insurance: Classic Family Agency
1001 NE Green Oaks Blvd Ste 171 – Arlington, TX 76006 – (817) 468-3066