If you want to find the absolute lowest rates, then the best way to get cheaper car insurance rates in Dallas is to regularly compare price quotes from providers who provide car insurance in Texas. Drivers can shop around by completing these steps.
First, take a little time to learn about how companies price auto insurance and the things you can change to prevent expensive coverage. Many rating factors that are responsible for high rates like at-fault accidents, speeding tickets, and a less-than-favorable credit score can be rectified by making lifestyle changes or driving safer.
Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive or Allstate, while agents who are independent can give you price quotes from multiple companies.
Third, compare the new rate quotes to the premium of your current policy to see if switching to a new carrier will save money. If you can save money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide adequate notice to your current company to cancel your current car insurance policy and submit the required down payment along with the signed application to your new company or agent. When you receive it, place the new proof of insurance certificate in an accessible location in your vehicle.
The key aspect of shopping around is that you’ll want to make sure you compare the same liability limits and deductibles on each quote and and to get price quotes from as many different companies as possible. This provides a fair rate comparison and maximum price selection.
Amazingly, almost 70% of drivers in Texas renewed their policy with the same company for a minimum of four years, and 38% of drivers have never compared auto insurance rates at all. American consumers could save roughly 47% every year by just comparing rate quotes, but they mistakenly think it’s difficult to shop around.
The car insurance companies shown below are ready to provide quotes in Dallas, TX. If the list has multiple companies, we suggest you get rate quotes from several of them to find the most affordable car insurance rates.
Rate information and statistics
The premium information displayed next highlights estimates of insurance coverage prices for Volvo V50 models. Having knowledge of how insurance policy premiums are calculated can be useful when making smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| V50 2.4I | $368 | $720 | $514 | $30 | $154 | $1,786 | $149 |
| V50 AWD T5 R-Design | $368 | $828 | $514 | $30 | $154 | $1,894 | $158 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Information does not factor in vehicle location which can change prices significantly.
Comparison of policy deductibles
When shopping for insurance, a common question is where should you set your physical damage deductibles. The following tables summarize the premium difference when you choose different coverage deductibles. The first rate table uses a $100 physical damage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| V50 2.4I | $370 | $698 | $382 | $22 | $114 | $1,611 | $134 |
| V50 AWD T5 R-Design | $370 | $804 | $382 | $22 | $114 | $1,717 | $143 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| V50 2.4I | $270 | $472 | $382 | $22 | $114 | $1,260 | $105 |
| V50 AWD T5 R-Design | $270 | $542 | $382 | $22 | $114 | $1,330 | $111 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price information does not factor in zip code location which can lower or raise insurance rates greatly.
Using the premium rates above, we can conclude that using a $100 deductible would cost the average driver about $31 more each month or $372 each year across all Volvo V50 models than selecting the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 13 months between claim filings, you would probably come out ahead by going with a higher deductible.
The illustration below highlights how deductible selection and can raise or lower Volvo V50 annual premium costs for different age groups. The costs are based on a single female driver, full physical damage coverage, and no policy discounts are applied.
Should you buy full coverage?
The illustration below shows the difference between Volvo V50 yearly insurance costs when comparing full coverage to state minimum liability only. The rates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no additional discounts are factored in.
Guidelines for eliminating full coverage
There is no definitive guideline for excluding full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s assume your Volvo V50 replacement value is $8,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $7,000 after the policy deductible has been paid. If you are paying more than $700 annually to have full coverage, then you might want to consider buying only liability coverage.
There are a few cases where eliminating full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.
Why you need insurance for your Volvo V50
Despite the fact that insurance is not cheap in Dallas, paying for insurance serves an important purpose.
First, just about all states have minimum liability requirements which means you are required to buy specific limits of liability protection in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your vehicle, most banks will make it mandatory that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Volvo at a significantly higher premium and require you to fork over much more than you were paying before.
Third, insurance safeguards not only your Volvo V50 but also your assets. It also can pay for medical expenses for not only you but also any passengers injured in an accident. Liability insurance also pays expenses related to your legal defense if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your V50 outweigh the cost, especially when you need to use it. On average, a vehicle owner in Dallas overpays more than $855 a year so compare quotes from several companies at every renewal to make sure the price is not too high.
Learn How to Lower Your Insurance Rates
Many different elements are part of the calculation when premium rates are determined. Some are obvious like your driving record, but others are not quite as obvious such as your marital status or how safe your car is.
Driving citations hurt – Having a single chargeable violation may increase your cost by as much as thirty percent. Attentive drivers pay lower auto insurance prices than people who have multiple driving citations. Drivers who have gotten careless violations like DUI, reckless driving or excessive speeding may find that they have to to maintain a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.
The illustration below shows how traffic citations and fender-benders can influence Volvo V50 auto insurance rates for different age groups of insureds. The information is based on a married male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
Liability is cheap – Liability coverage will afford coverage if you are determined to be liable for damages from an accident. It provides legal defense coverage which can cost a lot. Liability is cheap as compared to coverage for physical damage, so buy as much as you can afford.
Better car insurance rates on safer vehicles – Safer cars get lower rates. These vehicles reduce injuries and fewer serious injuries translates into savings for insurance companies passed on to you as lower rates.
Increase coverage deductibles and save – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Some examples of claims that would be covered could be a broken windshield, damage caused by hail, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles represent how much money you are willing to pay out-of-pocket if a claim is determined to be covered. The larger the amount you’re willing to pay, the better rate you will receive.
Battle of the sexes – Statistics show women tend to be less risk to insure than men. Now that doesn’t mean females are better drivers. Both sexes are in fender benders in similar numbers, but men cause more damage. They also receive more costly citations like DUI and reckless driving. Teenage male drivers have the highest risk to insure and are penalized with high car insurance rates.
The chart below shows the comparison of Volvo V50 insurance costs for male and female drivers. The rates are based on no claims or driving violations, full coverage, $500 deductibles, marital status is single, and no other discounts are factored in.
Never have policy lapses – Letting your insurance expire can be a guaranteed way to pay more for car insurance. Not only will rates go up, being ticketed for driving with no insurance could earn you a steep fine or even jail time. Then you may be required to prove you have insurance by filing a SR-22 with the Texas DMV.
Cheap Dallas car insurance quotes with discounts
Some providers don’t always advertise the complete list of policy discounts in an easy-to-find place, so the list below details some of the best known as well as some of the hidden credits that may apply to you. If they aren’t giving you every credit possible, you are just wasting money.
- First Accident Forgiveness – Not a discount per se, but companies like Progressive, Allstate, and Liberty Mutual will let one accident slide without raising rates if your claims history is clear prior to the accident.
- Savings for New Vehicles – Putting coverage on a new V50 can save you some money because newer models have to meet stringent safety requirements.
- Passive Restraints – Cars that have air bags or automatic seat belts may get savings of 20% or more.
- Discounts for Responsible Drivers – Insureds who avoid accidents may receive a discount up to 45% compared to accident prone drivers.
- Save over 55 – Drivers over the age of 55 could receive a small decrease in premiums.
Policy discounts save money, but most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
The diagram below shows the difference between Volvo V50 insurance prices with and without discounts applied. The costs are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, homeowner, marriage, and claim-free discounts applied.
To locate companies with discount car insurance rates in Dallas, click here to view.
When to get advice from a local insurance agent
A lot of people prefer to visit with an insurance agent and that can be a great decision Agents are very good at helping people manage risk and help in the event of a claim. One of the benefits of comparing rate quotes online is that drivers can save money and get cheap car insurance rates and still have a local agent. And supporting small agencies is especially important in Dallas.
For easy comparison, once you complete this simple form, your insurance data is emailed to local insurance agents in Dallas who will return price quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to search for an agent since rate quotes are delivered directly to you. In the event you want to get a rate quote from a specific insurance company, feel free to find their quoting web page to submit a rate quote request.
Shown below are agents in Dallas willing to provide price quotes for Volvo V50 insurance in Dallas.
- Rodriguez Insurance Agency LLC
13111 N Central Expy Suite 8001 – Dallas, TX 75243 – (888) 797-1924 – View Map - Richard Ramirez – State Farm Insurance Agent
9400 N Central Expy #120 – Dallas, TX 75231 – (214) 320-3000 – View Map - John Hamman – State Farm Insurance Agent
8330 Abrams Rd #104 – Dallas, TX 75243 – (214) 341-3050 – View Map - Brent Holtz – State Farm Insurance Agent
3427 E Trinity Mills Rd #601 – Dallas, TX 75287 – (972) 306-1234 – View Map
Choosing an insurer should depend on more than just a cheap quote. Get answers to these questions too.
- Are they primarily personal or commercial lines agents in Dallas?
- Where are claims handled?
- Does the company have a solid financial rating?
- Does the agent help file claims?
- Does their agency support local causes in Dallas?
- How long has their agency been in business in Dallas?
Smart consumers save more
Lower-priced car insurance in Dallas can be bought from both online companies in addition to many Dallas insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers do not offer the ability to get quotes online and these smaller providers only sell coverage through local independent agents.
You just read quite a bit of information on how to save on Volvo V50 insurance in Dallas. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may even find the best price on car insurance is with the least-expected company.
While you’re price shopping online, it’s not a good idea to sacrifice coverage to reduce premiums. In many instances, drivers have reduced liability coverage limits only to find out that the savings was not a smart move. Your goal should be to purchase plenty of coverage at the best possible price, not the least amount of coverage.
More detailed car insurance information can be read in these articles:
- Vehicle Insurance in the U.S. (Wikipedia)
- Who Has the Cheapest Dallas Auto Insurance for High Risk Drivers? (FAQ)
- How Much are Auto Insurance Rates for a Nissan Rogue in Dallas? (FAQ)
- What is the Best Auto Insurance in Dallas, TX? (FAQ)
- Who Has Cheap Auto Insurance for Teenagers in Dallas? (FAQ)
- How Much are Dallas Car Insurance Rates for Good Drivers? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- Frontal Crash Tests (iihs.org)
- Understanding Car Crashes Video (iihs.org)
- Teen Driving and Texting (State Farm)