You have probably watched the catchy commercials from car insurance companies like Nationwide, Farmers, and GEICO promising the cheapest price. So you just need to pick the company with the catchiest ad, right?
It’s not that easy, however, as there are many unknowns like if you are a homeowner, whether you are female or male, and your driving record, that all factor into the price you pay. The content below will cover the best ways to save money and will hopefully give the reader a good beginning to your quest for cheaper car insurance in San Antonio.
For young women, one of the more important factors that determine the amount you pay for auto insurance is your address in San Antonio. Areas with high crime rates or more dense population tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.
The information below lists the priciest cities in Texas for 20 year old women to purchase auto insurance in. San Antonio shows up at #11 with an annual cost of $1,739 for the average insured, which is about $145 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Brownsville | $1,870 |
| 3 | Houston | $1,853 |
| 4 | Laredo | $1,851 |
| 5 | Garland | $1,850 |
| 6 | Dallas | $1,837 |
| 7 | Pasadena | $1,812 |
| 8 | Grand Prairie | $1,811 |
| 9 | Amarillo | $1,804 |
| 10 | Mesquite | $1,771 |
| 11 | San Antonio | $1,739 |
| 12 | Beaumont | $1,720 |
| 13 | Irving | $1,719 |
| 14 | Lubbock | $1,716 |
| 15 | Arlington | $1,709 |
| 16 | Austin | $1,659 |
| 17 | Corpus Christi | $1,636 |
| 18 | Plano | $1,624 |
| 19 | Carrollton | $1,615 |
| 20 | McKinney | $1,609 |
| 21 | Fort Worth | $1,604 |
| 22 | El Paso | $1,568 |
| 23 | Waco | $1,522 |
| 24 | Abilene | $1,499 |
| 25 | Killeen | $1,488 |
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Rate quotes are comparative as the vehicle garaging location can impact price quotes substantially.
The make and model of vehicle you are insuring is a large factor when comparison shopping for the most affordable auto insurance for 20 year old women. Vehicles with higher performance characteristics, poor passenger safety features, or an increased likelihood of liability claims will cost more to insure than more economical and safe models.
The data below estimates coverage premiums for a handful of the cheaper automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $2,157 |
| Ford Escape XLS 2WD | $2,166 |
| Hyundai Elantra SE Touring Station Wagon | $2,325 |
| Toyota Prius | $2,357 |
| Volkswagen Jetta 2.0T Station Wagon | $2,496 |
| Honda Civic DX 4-Dr Sedan | $2,523 |
| Toyota Tacoma 2WD | $2,530 |
| Ford Edge Limited 2WD | $2,523 |
| Ford Fusion S 4-Dr Sedan | $2,554 |
| Chevrolet Impala LT | $2,562 |
| Toyota Camry LE | $2,554 |
| GMC Sierra SLE Crew Cab 2WD | $2,562 |
| Toyota RAV4 Limited 2WD | $2,554 |
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Data based on 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. Information does not factor in San Antonio, TX location which can modify rates noticeably.
Based upon the rates shown, you can figure that vehicles like the Honda CR-V, Ford Escape, and Hyundai Elantra are going to be a few of the most economical vehicles to insure for young women. The cost of a car insurance policy will be more expensive because of the fact that there is a higher risk for 20 year old women, but in general those particular models will have the best insurance prices that you’ll find.
Determining which companies quote the best insurance rates for 20 year old women will require a bit more effort in order to find a policy that fits your budget. Each auto insurer has a different formula for setting rates, so we will examine the insurance companies that tend to have lower prices in San Antonio, TX.
Cheapest Insurance Rates for Women Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,095 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,244 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,438 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,476 |
| 9 | Nationwide | $1,585 |
| 10 | Safe Auto | $1,613 |
| 11 | Amica | $1,705 |
| 12 | Progressive | $1,715 |
| 13 | Allstate | $1,718 |
| 14 | Home State | $2,155 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,310 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,568 |
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Travelers offers some of the cheapest car insurance rates in San Antonio at around $1,041 per year. This is $863 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the cheapest San Antonio, TX car insurance companies.
As shown in the table above, if you currently have coverage with Texas Farm Bureau and switched to Travelers, you could earn an annual premium reduction of around $170. Texas drivers with Germania Mutual might save as much as $203 a year, and Esurance customers might lower prices by $366 a year.
If you want to find out if you’re overpaying, click here to get a free quote or click several companies below for low rates.
Remember that these policy prices are averages across all insureds and vehicles and and are not figured with a specific location for 20 year old women. So the car insurance company that can offer you the best rate may not even be in the list above. That illustrates why you need to compare rates from multiple companies using your own individual information.
Difference between full coverage and liability only rates
Finding the cheapest insurance is the goal of most vehicle owners, and a good way to pay less for insurance for 20 year old women is to only buy liability coverage. The chart below shows the comparison of auto insurance rates with full coverage and liability only. The data is based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are applied to the premium.
If all age groups are averaged, full coverage costs an extra $2,922 per year more than buying just liability insurance. That is a big expense that brings up the question when is the right time to remove full coverage. There is no definitive formula for phasing out comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after paying your deductible. If you are paying more than $300 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
Get discounts on San Antonio car insurance
Insurance companies that offer cheap quotes for 20 year old women could also offer special discounts that may potentially lower prices by as much as 35% or more if you qualify. Larger insurance companies and some of the discounts are shown below.
- State Farm offers discounts for passive restraint, driver’s education, defensive driving training, safe vehicle, and multiple policy.
- GEICO has savings for anti-theft, multi-vehicle, seat belt use, membership and employees, air bags, and federal employee.
- Progressive discounts include multi-vehicle, good student, multi-policy, continuous coverage, homeowner, online quote discount, and online signing.
- 21st Century includes discounts for defensive driver, good student, driver training, teen driver, anti-lock brakes, and student driver.
- American Family has discounts for defensive driver, good student, accident-free, good driver, and early bird.
- The Hartford policyholders can earn discounts including vehicle fuel type, good student, bundle, air bag, defensive driver, and anti-theft.
- AAA may have discounts that include multi-car, AAA membership discount, pay-in-full, good student, anti-theft, multi-policy, and education and occupation.
The example below visualizes the comparison of insurance prices with and without discounts applied to the premium. The data assumes a female driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with continuous coverage, passive restraint, vehicle safety, good student, paperless filing, and anti-theft discounts applied. When these discounts are applied, theaverage amount saved on insurance for 20 year old women is 21% or $598.
Cautious drivers save money
The ideal way to score good insurance premiums in San Antonio for young women is to be a cautious driver and avoid accidents and keep your driving record clean. The information below highlights how speeding tickets and accident claims can raise annual premium costs for each age group. The data assumes a single male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
In the chart above, the average cost of a car insurance policy in San Antonio per year with a clean driving record and no accidents is $2,159. Factor in one speeding ticket and the average cost surges to $2,439, an increase of $280 each year. Now get one accident along with the one speeding ticket and the 12-month cost of insurance for 20 year old women goes up to an average of $3,211. That’s an increase of $1,052, or $88 per month, just for not being more responsible behind the wheel!
Ideas for finding economical insurance for 20 year old women
The list below details a few money-saving suggestions that can help Texas drivers quote cheap auto insurance.
- Increase your physical damage deductibles
- Ensure your driving record is clean
- Drivers with good credit ratings often pay less
- Avoid preventable accidents
- Choose a safer vehicle and pay lower rates
- Compare price quotes at least once a year
The last idea is highly significant, as was emphasized in the prior article. Car insurance rates vary greatly, so drivers shouldn’t be resistant to change to a new company if a lower price can be found.
Staying with the same car insurance company is fine, but it isn’t a good idea if that loyalty ends up costing hundreds of dollars a year. Spend a few minutes and shop around to find cheaper auto insurance for 20 year old women in San Antonio.