The words “low-cost” and “auto insurance” probably shouldn’t be used together, specifically when you are searching for the lowest insurance rates for electric cars. Let’s learn about a few of the things that impact car insurance prices, and find out if you can slash the price of your next policy.
For eco-friendly vehicles, one of the more important factors that help determine the price you pay for insurance is where you normally keep your vehicle. More populated areas will most likely pay more, whereas areas with less congestion benefit from lower prices.
The illustration below rates the most costly cities in Texas for electric cars to purchase auto insurance in. Arlington shows up at #17 with the annual price of $1,642 for the average policyholder, which is about $137 per month.
|Rank||City||Average Per Year|
|Start a Quote Go|
Rates are comparative as the vehicle garaging location can change premiums significantly.
Determining which insurers offer the cheapest insurance rates for electric cars takes a little more sweat in order to find the most economical policy.
Each insurer has a proprietary method for determining rates, so let’s examine the most competitive insurance companies in Arlington, TX.
Best Car Insurance Prices for EV’s
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
|Find Cheaper Rates Go|
Travelers may offer some of the cheapest car insurance rates in Arlington at around $1,021 a year. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also some of the cheapest Arlington, TX insurance companies.
As illustrated above, if you are a policyholder with Texas Farm Bureau and switched to Travelers, you could see a yearly savings of approximately $178. Insureds with Germania Mutual might save as much as $235 a year, and California Casualty customers might reduce prices by as much as $361 a year.
These policy prices are averaged for all types of insureds and vehicles and and are not figured with an exact zip code location for electric cars. So the company that is best for you may not even be in the list above. That underscores the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.
Types of discounts on Arlington insurance rates
Car insurance companies that offer quotes for electric cars could also offer discounts that can lower rates by as much as 30% if you meet eligibility requirements. A few of the larger companies and some of the discounts are shown below.
- American Family offers discounts for mySafetyValet, multi-vehicle, bundled insurance, Steer into Savings, defensive driver, and good driver.
- State Farm has discounts for passive restraint, multiple autos, Steer Clear safe driver discount, defensive driving training, and accident-free.
- 21st Century includes discounts for good student, homeowners, theft prevention, 55 and older, defensive driver, teen driver, and student driver.
- Travelers offers premium reductions for early quote, multi-car, continuous insurance, save driver, IntelliDrive, payment discounts, and student away at school.
- GEICO may have discounts that include membership and employees, military active duty, federal employee, five-year accident-free, driver training, anti-lock brakes, and anti-theft.
The example below illustrates the comparison of annual premium costs with and without discounts. The rate quotes are based on a male driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple policy, accident-free, homeowner, vehicle safety, multiple vehicle, and anti-theft discounts applied. When drivers take advantage of discounts, theamount saved on insurance for electric cars is 28% or $745.
Careless drivers pay higher rates
The obvious way to snag the most affordable insurance prices for eco-friendly vehicles is to drive carefully and avoid accidents and traffic violations. The illustration below demonstrates how traffic citations and fender-benders influence car insurance costs for different age groups. The premiums assume a married male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of an auto insurance policy in Arlington per year with no accidents or violations is $1,529. Receive one speeding ticket and the average cost swells to $1,758, an increase of $229 each year. Next add two accidents along with the one speeding ticket and the yearly cost of insurance for electric cars jumps again to an average of $3,813. That’s an increase of $2,284, or $190 per month, just for a couple of infractions!
Buying coverage from the best insurance provider is hard considering how many companies there are to choose from in Texas. The information in the lists below can help you pick which auto insurers you want to consider when shopping car insurance rates for electric cars. The rankings below only include companies who write in the majority of U.S. states, so smaller companies are not taken into consideration for this list.
Top 10 Large Auto Insurers Overall in Arlington
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Large Auto Insurers 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+
How to find cheaper auto insurance for electric cars
Below you’ll find some of the better money-saving solutions that can help you buy cheaper auto insurance.
- Buy vehicles with five-star safety ratings
- Do not get traffic violations
- Don’t have frequent claims
- Avoid accidents
- Bundle home or renters insurance to earn a discount on car insurance
- Compare rates once a year for cheaper prices
That final tip is particularly necessary, as we hit on in this article. Car insurance prices adjust frequently, so drivers shouldn’t be resistant to buy a different policy if a better deal can be had.
Staying with the same car insurance company is fine, but is isn’t recommended if that stubbornness costs you big bucks every year. If you have a few minutes, compare rates to find cheaper insurance for electric cars in Arlington.
If you have questions and prefer to have a consultation when shopping around for cheaper insurance for eco-friendly vehicles, the insurance agencies listed below can help you decide which coverage fits your budget. To find an auto insurance agency nearest to you, click the link at the bottom or click here to compare rates now.
Allstate Insurance: Yvette Holguin
5800 S Collins St #124 – Arlington, TX 76018 – (817) 609-8051
Mark Leal – State Farm Insurance Agent
1420 N Cooper St #106 – Arlington, TX 76011 – (682) 323-5033
Shane Ferrell Insurance Agency
3926 W Pioneer Pkwy – Arlington, TX 76013 – (817) 635-4663
Sun West Insurance Agency Inc
600 Six Flags Dr #102 – Arlington, TX 76011 – (817) 261-1101