The words “cheap” and “insurance” really shouldn’t be used together, especially when looking for the best insurance rates for retired military. Let’s lead off by showing you a few of the factors that influence car insurance rates, and come up with some ways to lower the price of your next policy.
The vehicle requiring insurance is a large factor when quoting the best cheap car insurance for retired military. Vehicles with lower performance, a plethora of safety features, or a positive history of liability claims will cost much less to insure than adrenaline junky models.
The next table showcases coverage premiums for some of the cheapest automobiles to insure in Texas.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $914 |
| Honda Accord EX 4-Dr Sedan | $920 |
| Honda CR-V LX 4WD | $914 |
| Jeep Wrangler Sport 4WD 2-Dr | $947 |
| Ford Edge SE AWD | $1,063 |
| Toyota RAV4 Sport 4WD | $1,085 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,092 |
| Ford Explorer Eddie Bauer AWD | $1,104 |
| Toyota Prius | $1,113 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,121 |
| Honda Odyssey EX W/Rear Entertainment | $1,162 |
| Chevrolet Impala LS | $1,169 |
| GMC Sierra SLE Crew Cab 2WD | $1,162 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,167 |
| Jeep Grand Cherokee SRT-8 4WD | $1,162 |
| Compare Cheap Rates Go | |
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in your specific Corpus Christi, TX location which can modify prices noticeably.
By looking at the data, we can infer that cars like the Ford Escape, Honda Accord, and Honda CR-V will definitely be some of the more affordable vehicles to insure for veterans.
One of the many components that aid in calculating auto insurance rates is your zip code in Corpus Christi. Cities with larger populations will most likely have higher rates, whereas areas that tend to be more rural tend to receive cheaper rates.
The next table rates the highest-priced places in Texas for retired military in which to purchase auto insurance. Corpus Christi is ranked #18 with an annual premium of $1,620 for coverage, which is approximately $135 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Dallas | $1,911 |
| 3 | Laredo | $1,907 |
| 4 | Houston | $1,891 |
| 5 | Brownsville | $1,870 |
| 6 | Mesquite | $1,825 |
| 7 | Amarillo | $1,804 |
| 8 | Garland | $1,796 |
| 9 | Grand Prairie | $1,793 |
| 10 | Irving | $1,789 |
| 11 | Beaumont | $1,754 |
| 12 | Pasadena | $1,740 |
| 13 | San Antonio | $1,722 |
| 14 | Lubbock | $1,682 |
| 15 | Fort Worth | $1,670 |
| 16 | Austin | $1,659 |
| 17 | Arlington | $1,658 |
| 18 | Corpus Christi | $1,620 |
| 19 | El Paso | $1,616 |
| 20 | McKinney | $1,609 |
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Table data uses approximated as the specific Corpus Christi residence address can raise or lower premium rates noticeably.
Choosing a highly-rated insurer can be a challenge considering how many companies sell coverage in Texas. The company information shown below can help you select which coverage providers you want to consider comparing rates from.
These rankings are only comprised of the largest companies in the United States, so companies without a large exposure are not included in these rankings. If you’d like to compare prices from these top insurers and more, follow this link.
Top 10 Major Auto Insurers in Corpus Christi Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Major Auto Insurers Overall in Corpus Christi
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Drive responsibly or pay higher rates
In a perfect world, the ideal way to obtain the best insurance premiums in Corpus Christi for veterans is to be a cautious driver and not receive tickets or have accidents. The information below highlights how traffic violations and at-fault collisions impact auto insurance costs for different insured age categories. The premiums are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of auto insurance per year with no violations or accidents is $1,682. Get one speeding ticket and the average cost surges to $1,957, an increase of $275 each year. Now add in two accidents along with the one speeding ticket and the 12-month cost of insurance for retired military increases to an average of $4,269. That’s an increase of $2,587, or $216 per month, just for not driving responsibly!
Liability rates compared to full coverage
Saving money when shopping for insurance should be important to the majority of people, and an easy way to pay less for insurance for retired military is to not buy comprehensive and collision coverage. The chart below illustrates the comparison of auto insurance rates when comparing full coverage to liability only. The price estimates are based on no claims or driving violations, $1,000 deductibles, marital status is single, and no discounts are applied.
If we average the cost for ages 20 through 70, full coverage costs an extra $2,131 per year over having just liability coverage. A very common question is when is it a good idea to stop buying full coverage. There is no set rule for phasing out physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
There are some circumstances where dropping full coverage is not a good plan. If you haven’t paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.