The words “affordable” and “insurance” really shouldn’t be used together, in particular when you are shopping around for the best car insurance for college students. Because of the high cost, let’s get started by showing you some situations that influence auto insurance premiums, and find a few ways to reduce the cost of your next policy.
One of the many criteria that help determine the amount you pay for auto insurance is where you live in Arlington. Areas with more people or higher crime rates tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.
The table below lists the most costly cities in Texas for college students to buy auto insurance in. Arlington is ranked at #15 with an annual cost of $1,692 for the average policyholder, which is around $141 per month.
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Premium costs are approximated as specific Arlington garaging address can lower or raise premiums greatly.
The car, truck, or SUV requiring coverage is one of the biggest factors when trying to find low-priced car insurance for college students. Vehicles with average performance, a great safety record, or a low likelihood of liability claims will cost less to insure than adrenaline junky models.
The table below showcases car insurance rates for the most economical automobiles to insure in Texas.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$2,521|
|Hyundai Elantra SE Touring Station Wagon||$2,746|
|Ford Escape Limited 4WD||$2,751|
|Dodge Grand Caravan SE||$2,808|
|Jeep Wrangler Rubicon 4WD 2-Dr||$2,818|
|Toyota Tacoma 2WD||$2,957|
|Ford Edge SE AWD||$2,967|
|Ford Focus S 4-Dr Sedan||$2,957|
|Toyota RAV4 Limited 4WD||$2,995|
|Chevrolet Malibu Hybrid||$3,004|
|Jeep Grand Cherokee Laredo 2WD||$2,995|
|Ford F-150 FX2 2WD||$3,033|
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Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in zip code location which can lower or raise premium rates significantly.
Based upon these rates, you can expect vehicles like the Honda CR-V, Hyundai Elantra, Ford Escape, and Toyota Prius are most likely to be a few of the most economical vehicles to insure for students in college. Car insurance rates will tend to be more expensive just because there is more exposure for college students, but generally speaking those particular models will have the lowest insurance prices compared to all other vehicles.
The chart below demonstrates how choosing different deductibles can influence annual premium costs when searching for cheap insurance for college students. The premiums are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
In the chart above, a 50-year-old driver could reduce rates by $374 a year by switching from a $100 deductible up to a $500 deductible, or save $564 by using a $1,000 deductible. Younger drivers, like the 20-year-old, could drop their prices as much as $1,236 annually by using higher deductibles when buying full coverage. When choosing a higher deductible, it will be necessary to have enough in a savings account to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Discount Arlington car insurance rates
Car insurance companies that provide policies for college students may additionally offer price discounts that could lower prices by as much as 25% or more if you meet specific criteria. A few popular companies and their possible discounts can be read below.
- State Farm may have discounts that include accident-free, student away at school, Drive Safe & Save, passive restraint, multiple autos, multiple policy, and Steer Clear safe driver discount.
- GEICO may offer discounts for defensive driver, membership and employees, multi-vehicle, federal employee, and driver training.
- Allstate offers discounts including passive restraint, EZ pay plan discount, FullPay discount, economy car, anti-theft, and new car.
- SAFECO includes discounts for anti-lock brakes, drive less, multi-car, teen safe driver, bundle discounts, homeowner, and teen safety rewards.
- Farm Bureau has discounts for driver training, youthful driver, multi-policy, safe driver, renewal discount, 55 and retired, and multi-vehicle.
- Progressive has savings for homeowner, good student, multi-vehicle, online quote discount, and continuous coverage.
- AAA offers discounts for good student, pay-in-full, good driver, multi-policy, education and occupation, and AAA membership discount.
The chart below visualizes the comparison of annual premium costs with and without discounts applied to the premium. Data assumes a male driver, no claims or driving violations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paid-in-full, continuous coverage, vehicle safety, paperless filing, good student, and anti-theft discounts applied. When these discounts are applied, the average amount saved each year on insurance for college students is 19% or $370.
Low rates today, overpriced tomorrow
Arlington, TX insurance rates are determined by lots of factors that may substantially change the price you have to pay. Simply improving your credit, buying a home instead of renting, or having an at-fault accident may prompt premium changes that can cause some rates to be cheaper than others. In addition to those changes, auto insurance companies amend pricing multiple times each year in order to offset underwriting gains or losses. An unexpected high level of claims may cause rate hikes, while long-term profits can produce more affordable Arlington car insurance rates.
For example, the chart below demonstrates which company has the cheapest car insurance in Arlington, TX for a 35-year-old male driver with a clear driving record, no claims, and a high credit rating. If we estimate prices based on his current risk profile, Travelers offers the best car insurance rates in Arlington at $1,135 per year. This is $769 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the cheapest Arlington, TX auto insurance companies.
In the next rate comparison, we’ll give the driver in the first chart a couple of claims, slightly worse credit, and a speeding ticket. Due to the fact that every auto insurer uses their own formula for filing rates in each state, comparing quotes may now result in a different list of the cheapest car insurance companies in Arlington as shown below.
Mercury now has the cheapest auto insurance in Arlington with State Farm, Nationwide, Safe Auto, and USAA also having competitive pricing. This demonstrates why Texas drivers need to compare rates to get the most economical car insurance rates for college students. Rates can be determined by many things and can change substantially, so the most economical company three years ago may now be an over-priced policy.
If you aren’t sure which coverage to buy and prefer to have some advice when shopping around for cheaper insurance for college students, the agents listed below can most likely help you decide which coverages are best. To find an Arlington insurance agency close to you, click the button below the list or click here to compare prices now.
- All Texas Insurance Inc
5721 Interstate 20 W # 110, Arlington, TX 76018 – Arlington, TX 76017 – (214) 330-0033
- Ryan Salsbury – State Farm Insurance Agent
1120 E Bardin Rd Ste 170 – Arlington, TX 76018 – (817) 465-7926
- TJ Villarreal – State Farm Insurance Agent
851 NE Green Oaks Blvd – Arlington, TX 76006 – (817) 461-0000
- Bry Acker Agency – Farmers Insurance
2430 N Davis Dr Suite 106 – Arlington, TX 76012 – (817) 453-0872
How to find more affordable insurance for college students
It is possible to find better rates, and here are a few money-saving suggestions that can help Texas drivers get lower-cost car insurance.
- Keep your driving record clean
- Choose a safer vehicle and pay lower rates
- Avoid filing small claims
- Avoid preventable accidents
- Save money by insuring your home and auto with the same company
- Look for cheaper rates once a year by shopping around
That last tip is especially crucial, as was stressed in this piece. Auto insurance prices can be adjusted at any time, so you should be ready to buy from a new company if you can find a cheaper rate.
Having a favorite company is fine, but is isn’t recommended if that dedication is costing thousands of dollars over several years. In less than five minutes you could compare prices to find cheaper auto insurance for college students in Arlington.