The vehicle model requiring insurance is one of the main factors when comparing affordable coverage for low mileage drivers. Vehicles with economical engines, a plethora of safety features, or a track record of few liability claims will cost less to insure than fast, unsafe models. The next list features coverage rates for the most cost-effective vehicles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$1,252|
|Hyundai Elantra SE Touring Station Wagon||$1,332|
|Ford F-150 STX Regular Cab 2WD||$1,347|
|Honda CR-V EX-L 2WD||$1,369|
|Honda Odyssey EX||$1,427|
|Ford Focus S 4-Dr Sedan||$1,436|
|Ford Explorer Limited 2WD||$1,482|
|Dodge Grand Caravan Crew||$1,488|
|Toyota Camry XLE||$1,531|
|Chevrolet Impala LTZ||$1,539|
|Nissan Rogue S AWD||$1,556|
|Chevrolet Silverado LT Crew Cab 4WD||$1,559|
|Jeep Grand Cherokee Limited 2WD||$1,567|
|Volkswagen Jetta SE 4-Dr Sedan||$1,559|
|Toyota RAV4 Limited 2WD||$1,584|
|Ford Edge SEL 2WD||$1,599|
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price estimates do not factor in specific Dallas, TX garaging location which can decrease or increase rates greatly.
By looking at the data, you can assume that cars like the Ford Escape, Hyundai Elantra, Ford F-150, and Toyota Prius are likely to be a few of the most affordable vehicles to insure for infrequent drivers.
For infrequent drivers, one of the big components that help determine the amount you pay for auto insurance is where you live. Areas with increased crime or more people will most likely have higher rates, whereas areas with less crime or weather claims tend to receive cheaper rates.
The following table sorts the priciest cities in Texas for low mileage drivers to purchase auto insurance in. Dallas comes in at #3 with an annual cost of $1,855 for the average policy, which is around $155 per month.
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Prices are comparative as the vehicle garaging location can affect insurance rates greatly.
Comparing rates for low-priced car insurance is confusing at best, and deciding which insurers offer the cheapest car insurance rates for low mileage drivers calls for even more diligence. Each company uses a little different formula to determine rates, so let’s rank the car insurance companies with the most affordable rates in Texas.
It’s important that readers know that Dallas, TX car insurance rates are influenced by many factors that may substantially change the policy price. This price variability is why it is so important to perform a complete rate comparison to find the lowest auto insurance rates for low mileage drivers. Prices are impacted by many different factors and change dramatically, so the cheapest rate the last time you shopped your coverage around may now be priced much higher than other options.
Compare Cheap Insurance Quotes in Texas
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
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Travelers has some of the lowest car insurance rates in Dallas at around $1,010 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the cheapest Dallas, TX auto insurance companies.
In the above example, if you are a customer of USAA and switched to Travelers, you may see an annual premium reduction of in the vicinity of $74. Texas drivers with Texas Farm Bureau may save as much as $225 a year, and Germania Mutual insureds might realize rate reductions of up to $272 a year.
It’s important to note that these premiums are averaged for all ages of drivers and types of vehicles and are not factoring in an exact zip code location for low mileage drivers. So the company that fits you best may not even be in the top 23 companies in the list above. That’s why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Insuring your vehicle with a high-quality company is hard considering how many different companies insure vehicles in Dallas. The rank data below could help you pick which car insurance providers you want to consider when comparing rate quotes. The ratings below include insurance companies that insure vehicles in the majority of U.S. states, so smaller regional companies are not taken into consideration for these rankings.
Top 10 Major Auto Insurers Overall in Dallas
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Cost difference between full coverage and liability
Saving money on car insurance is important to most drivers, and one common way to pay less for insurance for low mileage drivers is to only buy liability coverage. The example below illustrates the comparison of insurance premiums with and without physical damage coverage. Data assumes no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
As an average for all age groups, physical damage insurance costs an additional $2,131 per year over and above liability only. At some point, every insured wonders when is it a good idea to stop buying full coverage. There is no written rule to eliminate physical damage coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s assume your vehicle’s claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after the policy deductible has been paid. If you are paying over $700 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are some conditions where removing full coverage is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.
Get discounts on Dallas insurance rates
Insurers that provide coverage for low mileage drivers may provide rate discounts that could potentially reduce rates by as much as 30% if you meet certain criteria. The best car insurance companies and their possible discounts are:
- GEICO may include discounts for five-year accident-free, anti-theft, multi-vehicle, multi-policy, military active duty, and daytime running lights.
- SAFECO offers discounts including anti-lock brakes, anti-theft, safe driver, teen safe driver, accident prevention training, and teen safety rewards.
- State Farm discounts include multiple autos, Steer Clear safe driver discount, defensive driving training, driver’s education, and multiple policy.
- MetLife may offer discounts for accident-free, defensive driver, multi-policy, good student, claim-free, and good driver.
- 21st Century has savings for 55 and older, student driver, air bags, anti-lock brakes, early bird, and driver training.
- Progressive policyholders can earn discounts including multi-policy, online signing, continuous coverage, multi-vehicle, good student, and homeowner.
The example below illustrates the comparison of insurance premiums with and without discounts. The price estimates are based on a male driver, a clean driving record, no claims, 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 homeowner, multiple vehicle, multiple policy, passive restraint, anti-theft, and marriage discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance for low mileage drivers is 28% or $552.