Who Has Cheap Auto Insurance Rates for Young Drivers in Dallas?

The vehicle to be insured is one of the largest factors when comparison shopping for affordable insurance for young drivers. Vehicles with high performance, a lack of modern safety features, or a track record of large liability claims will cost quite a bit more to insure than safer models. The table below features auto insurance rates for the most affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Dallas, TX
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $5,177
Honda CR-V EX 2WD $5,183
Ford Escape XLT 4WD $5,229
Toyota Prius $5,597
Honda Odyssey EX $6,094
Chevrolet Impala LS $6,101
Jeep Grand Cherokee Laredo 4WD $6,145
Toyota RAV4 4WD $6,150
GMC Sierra SLE Regular Cab 2WD $6,145
Dodge Grand Caravan SXT $6,194
Chevrolet Malibu LT $6,200
Ford Explorer Eddie Bauer AWD $6,194
Toyota Tacoma Double Cab 4WD $6,202
Jeep Wrangler Unlimited Sport 2WD 4-Dr $6,455
Toyota Corolla LE $6,462
Toyota Camry XLE $6,469
Ford Edge Limited AWD $6,462
Hyundai Elantra SE 4-Dr Sedan $6,471
Chevrolet Equinox LTZ 2WD $6,511
Volkswagen Jetta SEL 4-Dr Sedan $6,517
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in garaging location in Dallas, TX which can lower or raise coverage rates greatly.

Looking at the rates, you can infer that makes and models like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius will definitely be some of the cheaper vehicles to insure for youthful drivers. The cost of a car insurance policy will be more costly because there is more risk for young drivers, but generally speaking those makes and models will most likely have the lowest insurance prices available.

Comparing rates for cost effective auto insurance is not the easiest thing to accomplish, and figuring out which companies quote the best car insurance rates for young drivers involves a bit more work.

Every insurance provider has a proprietary formula for filing rates in each state, so first let’s look at the rankings for the car insurance companies that tend to be cheaper in Dallas, TX. It’s important to understand that Dallas, TX car insurance rates are influenced by many factors which can significantly increase or decrease the price you pay for coverage. Price variation is why Texas drivers need to compare lots of rates when trying to get the best car insurance rates for young drivers. Rates can be determined by many things and can increase or decrease at any time, so the most economical option the last time you compared rates may now be one of the higher cost companies.

Find the Best Cheap Insurance for Teens

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Travelers generally has some of the cheapest car insurance rates in Dallas at around $1,010 per year. USAA, Germania Mutual, Texas Farm Bureau, and Esurance also qualify as some of the more affordable Dallas, TX insurance companies.

As shown above, if you are a policyholder with Germania Mutual and switched to Travelers, you could realize savings of around $234. Policyholders with Texas Farm Bureau might save as much as $237 a year, and Esurance customers might reduce rates by $355 a year.

To find out how much you can save, click here to get quotes or quote prices from the following companies.

Bear in mind that those premium estimates are averages for all drivers and vehicles and do not factor in a specific zip code for young drivers. So the auto insurance company that is most affordable for your situation may not even be in the top 23 companies in the list above. That underscores the importance of why you need to get quotes using your own specific driver and vehicle information.

One of the more important considerations that are used to help calculate the cost of insurance is your zip code. Cities with larger populations or higher claim trends are more likely to pay higher prices, whereas areas with less crime or weather claims tend to receive slightly lower rates.

The illustration below sorts the most expensive places in Texas for young drivers to buy auto insurance in. Dallas shows up at #2 with a yearly premium of $1,911 for car insurance, which is about $159 each month.

How much is car insurance in Dallas?
Rank City Average Per Year
1 McAllen $1,936
2 Dallas $1,911
3 Brownsville $1,870
4 Houston $1,853
5 Laredo $1,851
6 Garland $1,850
7 Amarillo $1,840
8 Pasadena $1,794
9 Grand Prairie $1,793
10 Irving $1,789
11 Beaumont $1,772
12 Mesquite $1,753
13 San Antonio $1,722
14 Arlington $1,709
15 Lubbock $1,665
16 Carrollton $1,647
17 McKinney $1,625
18 Fort Worth $1,621
19 Austin $1,610
20 Plano $1,608
21 Waco $1,584
22 Corpus Christi $1,572
23 El Paso $1,568
24 Abilene $1,561
25 Killeen $1,518
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Table data uses estimated as specific Dallas garaging address can change premium rates considerably.

Which car insurance company is best in Dallas?

Insuring your vehicle with the best auto insurance company is difficult considering how many choices drivers have in Texas. The company information shown below may help you pick which auto insurers you want to consider when shopping around.

These ratings are for companies with a nationwide focus, so companies that only write business in Texas or surrounding areas are not factored into this list. To compare prices from these and other competitive companies, click here.

Top Car Insurance Companies for Young Drivers in Dallas, TX
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

The example below highlights how deductible choice can influence insurance prices when getting quotes for cheap insurance for young drivers. The data is based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.

The data above shows that a 40-year-old driver could save $426 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $638 by using a $1,000 deductible. Younger drivers, like the 20-year-old example, could drop their prices up to $1,414 or more just by using higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have additional funds in a savings account to allow you to pay the extra out-of-pocket expense associated with higher deductibles.

The benefit of shopping around

Dallas, TX car insurance rates are based on many factors that control your annual premium. Simply turning a year older, moving to a different location, or getting a couple of tickets may generate price changes that can make some companies cheaper than before.

In addition, insurers amend premium rates at least once a year in order to maintain liquidity for claims. A period of increased losses can cause higher rates, while lower claim levels can result in cheaper Dallas car insurance rates.

To illustrate this point, the bar chart below shows which companies have the cheapest car insurance in Dallas, TX for a 30-year-old female driver with no prior claims, no tickets, and excellent credit. If we estimate rates based on her personal risk profile, Travelers might quote the cheapest car insurance rates in Dallas at $1,231 per year. This is $673 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest Dallas, TX auto insurance companies.

Let’s now give the driver from above a chargeable claim, bad credit, and a traffic ticket or two. Because each company uses a different method for determining prices, analyzing rate quotes could now result in a different list of cheap Dallas auto insurance companies as shown below.

State Farm now has the lowest price on auto insurance in Dallas, TX with Mercury, Safe Auto, Nationwide, and USAA also having competitive pricing. This demonstrates why consumers need to take the time to perform a complete rate comparison to get the most budget-friendly auto insurance quotes for young drivers. Insurance rates are determined by many things and change dramatically, so the best company when you bought your policy may now be an over-priced policy.