The vehicle model driven is one of the biggest factors when consumers are trying to find low-cost insurance for high risk drivers. Vehicles with lower performance, a plethora of safety features, or low incidents of liability claims will cost less to insure than adrenaline junky models. The list below ranks car insurance premiums for a selection of the cheaper vehicles to insure in Texas.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$4,470|
|Honda CR-V EX 2WD||$4,655|
|Ford Escape Limited 4WD||$4,763|
|Honda Accord EX-L 4-Dr Sedan||$4,955|
|Ford Explorer Eddie Bauer 2WD||$5,054|
|Jeep Wrangler Rubicon 4WD 2-Dr||$5,208|
|Chevrolet Equinox LS 2WD||$5,296|
|Ford Focus SE 4-Dr Sedan||$5,405|
|Honda Odyssey EX W/Rear Entertainment||$5,415|
|Ford Edge SE AWD||$5,453|
|Chevrolet Malibu LS||$5,461|
|Chevrolet Silverado LS Regular Cab 2WD||$5,466|
|Toyota RAV4 4WD||$5,514|
|Dodge Grand Caravan Crew||$5,574|
|GMC Sierra SL Crew Cab 2WD||$5,589|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$5,640|
|Ford F-150 Lariat King Ranch 4WD||$5,645|
|Honda Civic VP 4-Dr Sedan||$5,693|
|Chevrolet Impala LTZ||$5,713|
|Toyota Tacoma X-Runner 2WD||$5,754|
|Volkswagen Jetta SEL 4-Dr Sedan||$5,814|
|Jeep Grand Cherokee Limited 2WD||$5,820|
|Start Your Quote Go|
Data variables include single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Information does not factor in vehicle garaging location which can influence auto insurance rates considerably.
Based upon these rates, you can figure that cars like the Hyundai Elantra, Honda CR-V, and Ford Escape are going to be a few of the cheapest vehicles to insure for high risk drivers. The cost of auto insurance will tend to be more expensive anyway because of the fact that there is more liability exposure for high risk drivers, but in general those models will tend to have the best rates compared to all other vehicles.
Finding reliable, cost effective car insurance is not the easiest thing to accomplish, and deciding which company has the cheapest car insurance rates for high risk drivers will require even more rate comparisons. Every car insurance company has a proprietary formula for setting prices, so let’s rank the most competitive car insurance companies in Dallas, TX.
Compare Cheap Insurance Quotes for Risky Drivers
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,211|
|Find Your Rate Go|
Travelers offers some of the cheapest car insurance rates in Dallas at around $1,052 each year. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the most economical Dallas, TX insurance companies.
In this example, if you have coverage with Germania Mutual and switched to Travelers, you could realize an annual premium reduction of about $230. Customers with Esurance may save as much as $355 a year, and California Casualty insureds might realize rate reductions of up to $372 a year.
Remember that these premium estimates are averaged across all drivers and vehicles in Texas and are not factoring in an exact location for high risk drivers. So the auto insurance company that fits your needs best may not even be in the top 23 companies shown above. That affirms the importance of why you need to get rate quotes using your own driver and vehicle profiles.
For high risk drivers, one of the big factors that aid in calculating auto insurance rates is the neighborhood you call home in Dallas. More densely populated places tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The information below sorts the most expensive cities in Texas for high risk drivers to buy an auto insurance policy in. Dallas makes the list at #4 with the annual price of $1,855 for the average policyholder, which is around $155 per month.
|Find Cheaper Rates Go|
Information shown are estimated as the specific area where the vehicle is garaged can impact coverage rates substantially.
Picking a good quality insurance company can be a challenge considering how many companies sell coverage in Dallas. The company information listed below could help you decide which auto insurers you want to consider purchasing from. These rankings are only comprised of large nationwide companies, so companies that may only write in Texas are not factored into the list.
Top 10 Major Auto Insurance Providers Overall in Dallas
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Get discounts on Dallas car insurance rates
Insurance companies that provide coverage for high risk drivers may also offer special discounts that can lower rates by 30% or more if you are eligible to receive them. Larger car insurance companies and a summarized list of policyholder discounts can be read below.
- State Farm has savings for passive restraint, multiple policy, good driver, student away at school, defensive driving training, and driver’s education.
- Esurance may offer discounts for DriveSense, anti-theft, safety device, emergency road assistance, anti-lock brakes, good student, and multi-policy.
- Progressive offers premium reductions for multi-vehicle, multi-policy, online signing, good student, homeowner, online quote discount, and continuous coverage.
- Liberty Mutual includes discounts for multi-policy, good student, newly retired, teen driver discount, preferred payment discount, new vehicle discount, and new move discount.
- Auto-Owners Insurance may include discounts for anti-lock brakes, group or association, safe vehicle, air bags, good student, and paid in full.
- GEICO policyholders can earn discounts including multi-vehicle, emergency military deployment, federal employee, defensive driver, driver training, and military active duty.
The information below illustrates the comparison of annual premium costs with and without discounts. The rates are based on a male driver, one accident and two traffic tickets, Texas state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with continuous coverage, marriage, passive restraint, homeowner, anti-theft, and paperless filing discounts applied. When discounts are applied, the average yearly reduction on car insurance for high risk drivers is 28% or $1,008.
The information below demonstrates how deductibles can affect insurance prices when quoting cheap insurance for high risk drivers. The premiums are based on a single male driver, full coverage, and no policy discounts are applied.
The chart above illustrates that a 40-year-old driver could lower rates by $314 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $472 by changing to a $1,000 deductible. Even younger drivers, such as the Age 20 example, could possibly save up to $1,026 or even more by choosing a higher deductible.
When increasing deductibles, it is important to have spare funds to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
The agents listed below can most likely help you determine which car insurance company is the best fit, since some drivers wish to get help from a professional when shopping for cheaper insurance for high risk drivers. It can be time-consuming to find the cheapest rate yourself, and professional agents can add peace of mind knowing you have suitable coverage if you ever need to use it. To find an auto insurance agency close to you, click the link after the list or click here to get price quotes now.
The Phoenix Insurance
11615 Forest Central Dr #103 – Dallas, TX 75243 – (214) 253-0570
Nationwide Insurance: Comparable Insurance Agency Inc
9750 Walnut St Ste 106 – Dallas, TX 75243 – (214) 575-2750
Carlos Luevano – State Farm Insurance Agent
4444 W Illinois Ave #304 – Dallas, TX 75211 – (214) 337-8888
Linda Horton State Farm Insurance Agency
8150 N Central Expy #735 – Dallas, TX 75206 – (214) 363-4563