The words “low-cost” and “insurance” really should not be used together, especially when shopping around for the cheapest auto insurance for low income drivers. Because of the high cost, let’s take a look at some things that have an impact on insurance prices, and figure out some ideas to take a little off your next policy.
The type of vehicle requiring coverage is probably the biggest factor when consumers are trying to find the most economical car insurance for low income drivers. Vehicles with average performance, excellent safety ratings, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models. The data below outlines car insurance rates for a number of the cheaper vehicles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $829 |
| Toyota Prius | $897 |
| Honda CR-V LX 4WD | $924 |
| Chevrolet Impala LS | $935 |
| Honda Civic VP 4-Dr Sedan | $986 |
| Toyota Corolla XLE | $1,006 |
| Honda Odyssey LX | $1,015 |
| Honda Accord EX-L 4-Dr Sedan | $1,008 |
| GMC Sierra SLT Extended Cab 4WD | $1,026 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,036 |
| Jeep Grand Cherokee SRT-8 4WD | $1,026 |
| Dodge Grand Caravan SE | $1,028 |
| Ford Explorer XLT AWD | $1,033 |
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Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Information does not factor in specific garaging location which can alter coverage rates greatly.
Based upon the rates shown, we can presume that makes and models like the Ford Escape, Toyota Prius, Honda CR-V, and Chevrolet Impala should be a few of the cheapest vehicles to insure for poor drivers.
One of the many components that determine the price you pay for insurance is where you live. More densely populated places tend to have more expensive auto insurance rates, whereas less populated areas tend to receive slightly lower rates.
The information below ranks the highest-priced places in Texas for low income drivers to buy auto insurance in. Corpus Christi ranks #17 having an annual price of $1,636 for car insurance, which is about $136 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Brownsville | $1,908 |
| 3 | Dallas | $1,855 |
| 4 | Houston | $1,835 |
| 5 | Laredo | $1,833 |
| 6 | Garland | $1,832 |
| 7 | Mesquite | $1,825 |
| 8 | Pasadena | $1,812 |
| 9 | Amarillo | $1,786 |
| 10 | Grand Prairie | $1,740 |
| 11 | Lubbock | $1,733 |
| 12 | Irving | $1,719 |
| 13 | Beaumont | $1,702 |
| 14 | San Antonio | $1,688 |
| 15 | Fort Worth | $1,670 |
| 16 | Arlington | $1,642 |
| 17 | Corpus Christi | $1,636 |
| 18 | El Paso | $1,632 |
| 19 | Carrollton | $1,615 |
| 20 | Austin | $1,610 |
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Rate quotes are approximated as the specific area where the vehicle is garaged can decrease or increase rates considerably.
Deciphering which companies quote the lowest-priced car insurance rates for low income drivers calls for more work in order to find the best policy.
Each insurance company has a unique approach to establish rates, so we will examine the car insurance companies that tend to have lower prices in Texas. It’s important that you understand Texas car insurance rates are calculated based on many things that will increase or decrease the price you have to pay. Simply turning a year older, buying a home instead of renting, or getting into an accident can trigger price changes resulting in some rates now being affordable when they were higher priced.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,095 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,396 |
| 7 | Mercury | $1,461 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,585 |
| 10 | Safe Auto | $1,597 |
| 11 | Allstate | $1,701 |
| 12 | Progressive | $1,715 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,161 |
| 17 | Unitrin | $2,241 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,594 |
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Travelers offers some of the cheapest car insurance rates in Corpus Christi at around $1,021 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the cheapest Corpus Christi, TX auto insurance companies.
As depicted above, if you are a customer of USAA and switched to Travelers, you may see an annual savings of roughly $74. Customers with Texas Farm Bureau could save as much as $190 a year, and Germania Mutual customers might see rate reductions of $261 a year.
Understand that those rates are averaged across all ages of drivers and types of vehicles and and are not calculated with a specific location for low income drivers. So the car insurance company that can offer you the lowest price may not even be in the top 23 companies shown above. That illustrates why you need to quote rates from many companies using your own driver information and specific vehicle type.
Texas car insurance companies
Selecting the top auto insurance provider can be challenging considering how many companies sell insurance in Texas. The rank data displayed below could help you analyze which auto insurance companies to look at comparing prices from.
The ratings below only include large nationwide companies, so smaller companies that only insure vehicles in Texas are not taken into consideration for this list. If you would like to check rates from these and other top-rated companies, click here.
Top 10 Large Car Insurance Companies Overall in Corpus Christi
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Impact of violations and accidents on rates
The recommended way to get the best car insurance prices in Corpus Christi for poor drivers is to drive carefully and not get tickets or have accidents. The example below demonstrates how citations and at-fault collisions can influence car insurance rates for different age groups of insureds. The information is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of car insurance per year with no accidents or violations is $1,793. Receive one speeding ticket and the average cost rises to $2,022, an increase of $229 each year. Then include two accidents along with the one speeding ticket and the annual cost of car insurance for low income drivers goes up to an average of $4,077. That’s an increase of $2,283, or $190 per month, just for not driving attentively!
What aren’t you shopping around?
Corpus Christi, TX car insurance rates are determined by lots of factors which can significantly increase or decrease the policy price. Simply improving your credit, buying a home instead of renting, or having a fender bender may prompt premium changes resulting in some companies being cheaper in comparison to the competition.
Also, insurance companies file new rates every year in order to remain profitable. Higher than normal claims may result in high rates, while a profitable period may result in lower-cost Corpus Christi car insurance rates.
To illustrate this example, the graph below shows which companies have the cheapest car insurance in Corpus Christi, TX for a 45-year-old female driver with a clean driving record, no accidents, and solid credit. If we estimate prices based on her current risk factors, Travelers might quote the cheapest car insurance rates in Corpus Christi at $1,157 each year. This is $747 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the rest of the top five cheapest Corpus Christi, TX auto insurance companies.
In this example, we will give the driver from the first set of rates some claims, less-than-perfect credit, and a few traffic violations. Since every insurance provider has a proprietary formula for determining rates in each state, getting updated rate quotes could now result in a substantially altered list of affordable Corpus Christi car insurance companies as shown below.
State Farm now has the cheapest auto insurance in Corpus Christi with Mercury, USAA, Safe Auto, and Nationwide completing the list. This example proves why Texas drivers need to compare lots of rates to find the most economical car insurance quotes for low income drivers. Car insurance prices are calculated by many things and change frequently, so the best company the last time you checked may now be costing you a lot of money.
How to find economical car insurance for low income drivers
Lowering your rates is not difficult, and here are some of the better money-saving solutions that can help Corpus Christi drivers locate cheaper auto insurance.
- Try to pay small claims out-of-pocket
- Save money by insuring your home and auto with the same company
- Improve your credit rating
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Drive attentively and avoid accidents
- Raise deductibles
- Comparison shop at least once a year
That last tip is remarkably necessary, as we hit on in this piece. Car insurance prices can be changed at any time, so drivers shouldn’t hesitate to buy from a new company if a more affordable rate is found.
Many consumers stick with the same company and that’s fine, but it isn’t a good idea if that dedication is costing a considerable chunk of change every month. In just a couple of minutes you could shop around to find cheaper insurance for low income drivers in Corpus Christi.