The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, especially when shopping around for the best coverage prices for drivers with good credit. Because it’s so expensive, let’s go over some things that significantly impact insurance prices, and see how we can help you lower the cost of your next policy.
For financially responsible drivers, one of the more important things that help determine the amount you pay each year for auto insurance is where you live in Dallas. Regions with larger populations or more claims tend to pay more, whereas areas with less congestion have the benefit of cheaper auto insurance prices.
The table below sorts the highest-priced places in Texas for drivers with good credit to buy car insurance in. Dallas is ranked #3 with the annual price of $1,911 for the average insurance policy, which is approximately $159 monthly.
|Rank||City||Premium Per Year|
|Compare Rates Now Go|
Premium amounts are approximated as the vehicle garaging location can impact premiums significantly.
Establishing which company has the most affordable insurance rates for drivers with good credit may require more time in order to find the most economical policy.
Every car insurance company has a different process to determine premium rates, so we will examine the insurance companies with the most affordable rates in Dallas. It’s important to know that Dallas insurance rates are determined by lots of factors which can substantially change the price you have to pay for coverage. Turning one year older, buying another vehicle, or getting a reckless driving citation can cause premium changes that may make certain companies affordable when they were higher priced.
Find the Cheapest Auto Insurance for High Credit
Travelers generally has some of the most affordable car insurance rates in Dallas at around $1,010 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the more affordable Dallas, TX car insurance companies.
As the rates illustrate above, if you are a policyholder with Texas Farm Bureau and switched to Travelers, you may realize a yearly price reduction of about $237. Policyholders with Germania Mutual may save as much as $272 a year, and Esurance insureds might realize rate reductions of up to $355 a year.
If you want to find out if you’re overpaying, click here to start your free quote or visit any of the low-priced companies below.
These premiums are averages for all drivers and vehicles in Texas and do not factor in a specific location for drivers with good credit. So the insurer that fits your situation best may not even be in the top 23 companies in the list above. That emphasizes why you need to compare prices as often as possible using your own specific driver and vehicle information.
Get discount Dallas car insurance rates
Insurers that offer quotes for drivers with good credit may have price discounts that can lower rates by 25% or more if you are eligible to receive them. Large insurance companies and a selection of discounts are included below.
- 21st Century may offer discounts for student driver, anti-lock brakes, 55 and older, defensive driver, driver training, homeowners, and teen driver.
- State Farm has discounts for student away at school, Steer Clear safe driver discount, multiple autos, anti-theft, and good driver.
- AAA may have discounts that include multi-car, good student, education and occupation, pay-in-full, and multi-policy.
- Liberty Mutual discounts include teen driver discount, newly retired, multi-car, exclusive group savings, safety features, preferred payment discount, and new move discount.
- Progressive policyholders can earn discounts including continuous coverage, online signing, homeowner, good student, and multi-vehicle.
The illustration below visualizes the comparison of insurance rates with and without discounts applied to the policy rates. The price estimates are based on a female driver, no violations or claims, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with safe-driver, defensive driving course, homeowner, accident-free, multiple policy, and anti-theft discounts applied. When drivers take advantage of discounts, the amount saved on insurance for drivers with good credit is 28% or $578.
How violations and accidents impact rates
One of the best ways to maintain low insurance premiums for financially responsible drivers is to be a cautious driver and have a clean driving record. The diagram below shows how violations and at-fault fender-benders influence annual premium costs for each different age category. The premium estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
In the previous chart, the average cost of a car insurance policy in Texas per year with no accidents or violations is $1,730. Get written up for one speeding ticket and the average cost hikes up to $1,951, an increase of $221 each year. Then add in two accidents along with the one speeding ticket and the 12-month cost of insurance for drivers with good credit goes up to an average of $3,973. That’s an increase of $2,243, or $187 per month, just for not driving carefully!
Does full coverage make sense?
Finding the cheapest insurance is important to most drivers, and one of the fastest ways to pay lower rates for insurance for drivers with good credit is to not buy comprehensive and collision coverage. The example below illustrates the comparison of yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume a clean driving record, no claims, $500 deductibles, marital status is single, and no policy discounts are applied.
As an average for all age groups, comp and collision coverage costs an extra $1,793 per year over and above liability coverage. That may make you wonder if physical damage coverage is worth the money. There is no definitive guideline that works best for making the decision to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
The insurance agencies below are a good start to provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation, as lots of drivers aren’t clear which coverage they need and would like to get help from a professional when shopping for cheaper insurance for drivers with good credit. It can be time-consuming to find the cheapest rates, so agents can give you peace of mind knowing you have enough coverage when you need it.
To find a Dallas insurance agency by location nearest to you, click the button following the list.
- Linda Horton State Farm Insurance Agency
8150 N Central Expy #735 – Dallas, TX 75206 – (214) 363-4563
- Harrison Insurance Agency
5001 Spring Valley Rd #400e – Dallas, TX 75244 – (972) 250-1776
- Porter-Brandenburg Agency
12160 Abrams Rd – Dallas, TX 75243 – (972) 234-5588
- Phil Maxey – State Farm Insurance Agent
17304 Preston Rd Ste 125 – Dallas, TX 75252 – (972) 233-2222
- Frederiksen and Frederiksen Insurance
12900 Preston Rd #500 – Dallas, TX 75230 – (972) 387-8646
Ideas to find low-cost auto insurance for drivers with good credit
The list below details some of the better money-saving ideas that can help Dallas drivers buy cheap coverage.
- Avoid preventable accidents
- Buying your home and auto policies from the same company can earn a discount
- Avoid getting citations and tickets
- If possible, pay for small claims out-of-pocket
- Increase your credit rating
- Raise your deductibles
- Look for cheaper rates once a year by shopping around
The last item on the list is highly important, as was discussed in the article above. Prices fluctuate constantly, so don’t hesitate to change insurance companies if a better rate can be found.
Many drivers prefer to stick with one company, but it’s not a good idea if that faithfulness ends up costing you hundreds of dollars a year. Spend a few minutes and compare prices and find cheaper auto insurance for drivers with good credit in Dallas.