Determining which company offers the most affordable insurance rates for drivers under 25 will require more time in order to find the lowest price quote. Each company uses different criteria to determine rates, so let’s take a look at the overall cheapest insurance companies in Arlington, TX.
It’s important to understand that Arlington insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay for coverage. Turning one year older, filing a claim, or getting a couple of tickets may prompt premium changes resulting in some companies being cheaper than before.
Best Auto Insurance Prices for Young Drivers
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,247|
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Travelers generally has some of the best car insurance rates in Arlington at around $1,052 annually. This is $852 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the lowest-priced Arlington, TX insurance companies.
As shown in the table above, if you buy coverage from Esurance and switched to USAA, you could see a yearly savings of around $270. Texas drivers with California Casualty might save as much as $287 a year, and State Farm insureds might reduce rates by $415 a year.
These policy prices are averages for all insureds and vehicles and do not take into consideration a specific zip code for drivers under 25. So the auto insurance company that fits your needs best may not even be in the top 23 companies in the list above. That’s why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
The vehicle model requiring insurance is a large factor when shopping for the best car insurance for drivers under 25. Vehicles with reasonable performance levels, good safety features, or a low likelihood of liability claims will cost much less to insure than higher performance models.
The next list features auto insurance premiums for a number of the most affordable automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$2,652|
|Hyundai Elantra GLS Touring Station Wagon||$2,660|
|Honda CR-V EX-L 4WD||$2,691|
|Jeep Wrangler Sport 4WD 2-Dr||$2,716|
|Honda Odyssey LX||$2,914|
|Ford Edge SE 2WD||$2,924|
|Ford F-150 XL Crew Cab 4WD||$2,992|
|Dodge Grand Caravan Hero||$3,149|
|Chevrolet Impala LT||$3,159|
|Volkswagen Jetta LE 4-Dr Sedan||$3,149|
|Toyota RAV4 Sport 4WD||$3,154|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$3,188|
|Ford Explorer Limited AWD||$3,198|
|Ford Focus SEL 4-Dr Sedan||$3,309|
|Toyota Camry XLE||$3,347|
|Toyota Corolla LE||$3,357|
|Nissan Altima 2.5 S 4-Dr Sedan||$3,347|
|Chevrolet Silverado LT Extended Cab 2WD||$3,372|
|Nissan Rogue S AWD||$3,377|
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Premium data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in zip code location which can alter price quotes substantially.
Based on these rates, we can presume that cars like the Ford Escape, Hyundai Elantra, and Honda CR-V will definitely be the most affordable vehicles to insure for drivers age 25 and younger. Prices will be more costly just because there is more inherent risk for drivers under 25, but generally speaking those specific models will tend to have the lowest insurance prices possible.
One of the more important components that are looked at to help calculate the cost of insurance is where you choose to live in Arlington. Regions with more people or even just more weather-related claims likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The following table ranks the highest-priced areas in Texas for drivers under 25 to buy an auto insurance policy in. Arlington is listed at #17 with a yearly cost of $1,658 for the average policy, which is about $138 each month.
|Rank||City||Average Per Year|
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Premium costs are estimated as the garaging address in Arlington can affect premium rates considerably.
Buying coverage from the right insurance provider is hard considering how many choices there are in Texas. The ranking data shown next could help you analyze which auto insurance companies to look at when trying find the best insurance for drivers under 25.
The ratings below only include companies who write in the majority of U.S. states, so companies without a large exposure are not factored into this list. To check prices from these companies and more, click this link.
Top 10 Major Auto Insurance Providers in Arlington Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Should you buy full coverage?
Buying cheaper insurance is important to most drivers, and an easy way to find cheaper insurance for drivers under 25 is to only buy liability coverage. The illustration below compares annual premium costs with liability coverage only compared to full coverage. The rate quotes are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are factored in.
Averaged for all age groups, comprehensive and collision coverage on your policy costs an additional $2,922 per year more than buying just liability insurance. That touches on the question if buying full coverage is worth the expense. There is no clear-cut rule to stop paying for physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s say your vehicle’s replacement value is $9,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,500 after paying the physical damage deductible. If it’s costing you more than $850 a year to have full coverage, then it might be time to buy liability only.
There are some scenarios where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Why you should be shopping around
Texas insurance rates are based on many factors which can substantially decrease or increase the price you have to pay. Improving your credit rating, increasing deductibles, or getting a reckless driving citation can produce rate changes resulting in some rates now being more affordable than others.
Not only may your situation change, but insurers file new Texas car insurance rates as needed to adjust for gains or losses. A period of higher than normal claims can cause increased policy costs, while better underwriting can produce cheaper Arlington car insurance rates.
For instance, the chart below shows the company with the cheapest car insurance in Arlington, TX for a 35-year-old male driver with no accidents or violations, and a good credit history. If we estimate rates based on his current rating profile, Travelers may offer the most affordable car insurance rates in Arlington at $1,164 per year. This is $740 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the rest of the cheapest Arlington, TX auto insurance companies.
The example below compares rates after we give the driver from the above example a claim, less-than-perfect credit, and a couple of points charged on his driving record. Because each insurer uses their own formula for determining rates in each state, analyzing rate quotes could result in a new list of the cheapest Arlington car insurance companies as shown below.
State Farm now has the best price on car insurance in Arlington with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This demonstrates why drivers need to compare many different companies to find the most economical insurance rates for drivers under 25.
Auto insurance prices can be altered by many different factors and can change without notice, so the best price the last time you shopped around may now be quite expensive.
If you prefer to have the advice of a professional agent when shopping for cheaper insurance for drivers under 25, the insurance agencies below are willing to help you make a decision which car insurance company is the best fit.
To locate an Arlington auto insurance agent close to you, click the link after the list.
Farmers Insurance – Lisa Adkinson
4381 W Green Oaks Blvd Suite 101 – Arlington, TX 76016 – (817) 769-4088
Farmers Insurance: Scott Insurance Agency
5800 I-20 Frontage Rd #100 – Arlington, TX 76017 – (817) 225-6431
Aramex Insurance Agency
1523 New York Ave – Arlington, TX 76010 – (800) 711-1418