The words “affordable” and “insurance” really don’t belong together, especially when you are shopping around for the cheapest auto insurance for 20 year old women. In an attempt to save some money, let’s open your eyes to some of the factors that impact insurance prices, and see how we can help you cut the cost of your next policy.
For young women, one of the more important things that are used to help calculate the amount you pay for auto insurance is the neighborhood you call home in Austin. More densely populated places likely pay more, whereas areas with less congestion benefit from lower prices.
The information below rates the most expensive places in Texas for 20 year old women to buy car insurance in. Austin makes the list at #16 with the yearly price of $1,676 for the average policy, which is around $140 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Brownsville | $1,927 |
| 3 | Houston | $1,891 |
| 4 | Amarillo | $1,858 |
| 5 | Dallas | $1,837 |
| 6 | Laredo | $1,833 |
| 7 | Garland | $1,832 |
| 8 | Grand Prairie | $1,811 |
| 9 | Mesquite | $1,807 |
| 10 | Pasadena | $1,794 |
| 11 | Irving | $1,789 |
| 12 | San Antonio | $1,739 |
| 13 | Lubbock | $1,733 |
| 14 | Beaumont | $1,720 |
| 15 | Arlington | $1,692 |
| 16 | Austin | $1,676 |
| 17 | Plano | $1,624 |
| 18 | Corpus Christi | $1,620 |
| 19 | El Paso | $1,616 |
| 20 | McKinney | $1,609 |
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Rate quotes are approximated as specific location information can impact coverage prices substantially.
The type of vehicle needing coverage is a large consideration when comparison shopping for low-priced auto insurance for 20 year old women. Vehicles with limited top-end speed, advanced safety features, or a low likelihood of having liability claims will cost significantly less to insure than adrenaline junky models. The next list illustrates coverage premiums for a number of the most cost-effective vehicles to insure in Texas.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $2,165 |
| Honda Accord LX-P 4-Dr Sedan | $2,174 |
| Honda CR-V LX 2WD | $2,165 |
| Hyundai Elantra SE Touring Station Wagon | $2,336 |
| Toyota Prius | $2,370 |
| Chevrolet Silverado LS Regular Cab 4WD | $2,397 |
| Ford F-150 XLT Regular Cab 4WD | $2,428 |
| Honda Odyssey EX W/Rear Entertainment | $2,537 |
| Ford Edge SE AWD | $2,547 |
| Toyota RAV4 2WD | $2,568 |
| Chevrolet Equinox LT AWD | $2,576 |
| Dodge Grand Caravan Hero | $2,568 |
| Jeep Grand Cherokee Laredo 2WD | $2,578 |
| Ford Explorer Limited AWD | $2,602 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $2,678 |
| Chevrolet Impala LTZ | $2,708 |
| Toyota Corolla S | $2,715 |
| Toyota Tacoma X-Runner 2WD | $2,708 |
| Toyota Camry XLE | $2,714 |
| Volkswagen Jetta SE 4-Dr Sedan | $2,742 |
| Chevrolet Malibu LTZ | $2,751 |
| Ford Fusion Sport 4-Dr Sedan | $2,742 |
| GMC Sierra SLE Crew Cab 4WD | $2,751 |
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Data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in vehicle location which can modify premiums noticeably.
Based on these rates, we can presume that models like the Ford Escape, Honda Accord, Honda CR-V, and Hyundai Elantra are likely to be the cheapest vehicles to insure for young women. The cost of a car insurance policy will tend to be higher just due to the fact that there is a higher risk for 20 year old women, but overall those vehicles will probably have the least expensive rates possible.
Finding a high-quality auto insurance provider can be difficult considering how many companies there are to choose from in Texas. The rank data in the next section could help you pick which car insurance providers to look at comparing rates from.
The rankings below are only made up of companies who write in the majority of U.S. states, so companies that focus mainly on Texas business are not included in this list. If you wish to compare rates from the insurers below and more, just click here.
Top 10 Large Car Insurance Companies Overall in Austin
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Top 10 Large Car Insurance Companies in Austin Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Should you buy full coverage?
Lowering the price of auto insurance should be important to most people, and one of the fastest ways to lower the cost of insurance for 20 year old women is to not buy full coverage. The chart below shows the difference between auto insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no policy discounts are applied.
As an overall average, comprehensive and collision coverage on your policy costs an extra $2,393 per year more than just buying liability insurance. Many drivers will wonder if buying full coverage is worth the expense. There is no definitive formula to exclude full coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s assume your vehicle’s book value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $9,500 after paying your policy deductible. If premium cost is more than $950 a year to have full coverage, then it may be the right time to buy liability only.
Low rates today, overpriced tomorrow
Texas auto insurance rates are calculated based on many things that may substantially change the price you have to pay for coverage. Simply improving your credit, becoming a homeowner, or having a fender bender can produce rate changes that can now make some companies more affordable than others. Not only may your risk profile change, but auto insurance companies file new Texas auto insurance rates multiple times each year to help ensure profitability. Heavy losses may result in higher rates, while profitable underwriting may result in lower-priced Austin car insurance rates.
For example, the bar chart below shows the company with the cheapest car insurance in Austin, TX for a 45-year-old female driver with a clear driving record, no claims, and excellent credit. When comparing rates based on her personal risk profile, Travelers might offer the lowest car insurance rates in Austin at $1,173 annually. This is $731 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest Austin, TX auto insurance companies.
Let’s now give the driver from the above example a couple of claims, poor credit, and a traffic ticket or two. Because every insurance company has a proprietary formula to determine rates, analyzing rate quotes may now present a completely different list of companies as shown below.
State Farm now has the best auto insurance rate in Austin, TX with USAA, Mercury, Nationwide, and Safe Auto also being competitive. This example demonstrates why it is critical to do a thorough rate comparison when trying to find the cheapest car insurance quotes for 20 year old women.
Auto insurance prices can be determined by many things and can change substantially, so the cheapest company when you bought your policy may now not even be in the top five.
If you like to get some professional advice when comparing insurance rates for 20 year old women, the agents listed below are willing to answer your questions and help you decide which is the best policy.
To locate an Austin insurance agent close to you, click the link at the bottom.
- Nancy Callahan – State Farm Insurance Agent
3500 Jefferson St #313 – Austin, TX 78731 – (512) 451-7573 - Starr Insurance Agency
8801 Research Blvd #104 – Austin, TX 78758 – (512) 586-2000 - Richard Munoz – State Farm Insurance Agent
5446 W US Hwy 290 Service Rd #104 – Austin, TX 78735 – (512) 892-3527