Trying to find reasonably-priced car insurance is not the easiest thing to do, and finding out which company has the cheapest insurance rates in Austin takes even more shopping around. Every car insurance company uses a slightly different approach for filing rates in each state, so we need to take a look at the insurance companies with the overall cheapest rates in Austin, TX.
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,247 |
| 4 | Germania Mutual | $1,256 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,382 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,461 |
| 9 | Safe Auto | $1,565 |
| 10 | Nationwide | $1,585 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,650 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,093 |
| 16 | MetLife | $2,161 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,310 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,646 |
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Travelers may offer some of the best car insurance rates in Austin at around $1,041 annually. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the lowest-priced Austin, TX car insurance companies.
As shown above, if you are a policyholder with Esurance and switched to USAA, you might achieve an annual premium reduction of in the vicinity of $262. Drivers with California Casualty may save as much as $265 a year, and State Farm policyholders might reduce rates by $333 a year.
These prices are averaged for all ages of drivers and types of vehicles and and are not figured with a vehicle location in Austin. So the car insurance company that fits your age and vehicle best may not even be in the list above. That emphasizes why you need to get quotes using your own personalized driver profile and vehicle information.
For drivers in Austin, one of the largest considerations that are looked at to determine the annual cost of car insurance is where you choose to live. More densely populated places tend to pay more, whereas more rural areas profit from lower rates.
The table below rates the most expensive cities in Texas in which to buy car insurance. Austin makes the list at #17 with the yearly price of $1,610 for the average policyholder, which is around $134 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Laredo | $1,907 |
| 3 | Houston | $1,891 |
| 4 | Brownsville | $1,851 |
| 5 | Dallas | $1,837 |
| 6 | Garland | $1,832 |
| 7 | Amarillo | $1,804 |
| 8 | Irving | $1,789 |
| 9 | Mesquite | $1,771 |
| 10 | Grand Prairie | $1,740 |
| 11 | Pasadena | $1,740 |
| 12 | San Antonio | $1,722 |
| 13 | Beaumont | $1,720 |
| 14 | Arlington | $1,692 |
| 15 | Lubbock | $1,682 |
| 16 | Carrollton | $1,647 |
| 17 | Austin | $1,610 |
| 18 | Plano | $1,608 |
| 19 | Fort Worth | $1,604 |
| 20 | McKinney | $1,577 |
| 21 | Corpus Christi | $1,572 |
| 22 | El Paso | $1,568 |
| 23 | Waco | $1,537 |
| 24 | Abilene | $1,515 |
| 25 | Killeen | $1,488 |
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Price information shown is estimated as the garaging address in Austin can impact coverage rates noticeably.
The vehicle that is being insured is one of the primary factors when looking for the most affordable insurance in Austin. Vehicles with higher performance, a lack of advanced safety features, or high incidents of liability claims will cost more to insure than safer models. The information below estimates car insurance costs for some of the most affordable automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Focus SE 4-Dr Sedan | $1,098 |
| Ford Fusion S 4-Dr Sedan | $1,120 |
| Chevrolet Equinox LS AWD | $1,127 |
| Ford Escape XLT 2WD | $1,162 |
| Honda CR-V LX 2WD | $1,168 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,180 |
| Toyota Camry SE | $1,186 |
| Toyota Prius | $1,200 |
| GMC Sierra SL Crew Cab 2WD | $1,202 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,204 |
| Ford Explorer XLT 2WD | $1,217 |
| Dodge Grand Caravan CV | $1,225 |
| Honda Civic EX-L 4-Dr Sedan | $1,237 |
| Jeep Wrangler Unlimited Rubicon 4WD 4-Dr | $1,242 |
| Chevrolet Impala LS | $1,261 |
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price information does not factor in Austin, TX location which can influence premium rates substantially.
Looking at the data, you can presume that makes and models like the Ford Focus, Ford Fusion, Chevrolet Equinox, and Ford Escape are some of the most economical vehicles to insure for drivers in Austin.
Get discount Austin insurance
Insurance providers that sell policies in Austin may provide rate discounts that could reduce prices by 25% or more if you are eligible for them. A few popular companies and a partial list of their discounts include:
- Progressive has savings for multi-policy, multi-vehicle, good student, online quote discount, and homeowner.
- MetLife may include discounts for defensive driver, claim-free, good driver, multi-policy, and good student.
- Mercury Insurance offers discounts for multi-car, type of vehicle, accident-free, location of vehicle, anti-theft, and annual mileage.
- Nationwide policyholders can earn discounts including business or organization, defensive driving, accident-free, anti-theft, good student, easy pay, and family plan.
- GEICO discounts include good student, anti-lock brakes, multi-vehicle, air bags, multi-policy, and five-year accident-free.
- AAA may have discounts that include education and occupation, multi-policy, good student, good driver, pay-in-full, AAA membership discount, and multi-car.
The illustration below illustrates the comparison of car insurance rates with and without discounts applied to the premium. The data is based on a female driver, no accidents, no driving violations, 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 safe-driver, multiple policy, marriage, vehicle safety, multiple vehicle, and defensive driving course discounts applied. When discounts are factored in, theamount saved on auto insurance in Austin is 28% or $570.
Comparing rates can save you money
Austin, TX auto insurance rates are calculated based on many things that may substantially change the price you pay. Getting older, buying a home, or having an accident can trigger changes in premium that may make certain companies cheaper than others. In addition to those changes, insurance companies amend pricing multiple times each year in order to be able to pay unexpected claims. A period of increased losses may cause price increases, while a better loss history can cause more affordable Austin car insurance rates.
To illustrate this point, the graph below shows rates for the cheapest car insurance in Austin, TX for a 35-year-old female driver with a good driving record, no prior claims, and a high credit rating. When quoting prices based on her current rating profile, Travelers offers the lowest car insurance rates in Austin at $1,162 per year. This is $742 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the best Austin, TX auto insurance companies.
Now we will pretend the driver in the first chart an accident surcharge, a little lower credit rating, and a blemish on her driving record. Since each company has a unique approach for determining rates in each state, comparing rates may now show a new list of the cheapest Austin car insurance companies as shown below.
Mercury now has the cheapest rate in Austin with USAA, State Farm, Nationwide, and Safe Auto also being competitive. This example proves why consumers need to take the time to shop around with many companies to get cheap auto insurance quotes in Austin. Prices are calculated by many different factors and can change without notice, so the lowest-price company the last time you compared rates may now be priced much higher than other options.
How to find low-cost car insurance in Austin
The list below shows some thrifty solutions that can help drivers find lower-cost auto insurance.
- Do not pay for comprehensive and collision coverage on older vehicles
- Increase your comprehensive and collision deductibles
- Vehicles with safetly features generally cost less to insure
- Good credit can help you save money
- Avoid having at-fault accidents
- Save money by obeying traffic laws and keeping a clean driving record
- Check for cheaper rates once a year
That last idea is remarkably significant, as was discussed in the prior information. Auto insurance rates in Austin fluctuate considerably, so drivers shouldn’t be reluctant to buy a different policy if a better deal can be had. Having brand loyalty is commendable, but is isn’t recommended if that dedication is costing money that could be going to better use. It only take a few minutes to compare rates and find cheaper car insurance in Austin.