Finding reliable, affordable car insurance is difficult, and figuring out which companies have the cheapest insurance rates for safe drivers may require even more work. Every insurance company has a different formula to determine premium rates, so we need to take a look at the most competitive insurance companies in San Antonio, TX.
Keep in mind that San Antonio, TX insurance rates are determined by lots of factors that control the price you have to pay for coverage. This price variation is why it is crucial to compare rates when trying to get the best auto insurance rates for safe drivers. Insurance rates are impacted by many risk factors and change dramatically, so the cheapest option six months ago may now be costing you a lot of money.
Lowest Insurance Price Quotes for Safe Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,244 |
| 5 | California Casualty | $1,382 |
| 6 | Esurance | $1,407 |
| 7 | State Farm | $1,510 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,600 |
| 10 | Safe Auto | $1,613 |
| 11 | Progressive | $1,698 |
| 12 | Allstate | $1,701 |
| 13 | Amica | $1,775 |
| 14 | GEICO | $2,135 |
| 15 | Home State | $2,155 |
| 16 | Encompass | $2,232 |
| 17 | Unitrin | $2,241 |
| 18 | MetLife | $2,249 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,568 |
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Travelers has some of the lowest car insurance rates in San Antonio at around $1,021 annually. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also rank well as some of the cheapest San Antonio, TX auto insurance companies.
As shown above, if you are currently insured with Germania Mutual and switched to Travelers, you may see an annual savings of about $223. Policyholders with California Casualty might save as much as $361 a year, and Esurance policyholders might lower prices by $386 a year.
These premiums are averaged across all types of drivers and the different vehicles they drive and do not factor in an exact location for safe drivers. So the car insurance company that can offer you the best rate may not even be in the top 23 companies shown above. That’s why you need to get car insurance quotes using your own driver information and specific vehicle type.
One of the many factors that determine auto insurance rates is where your residence is in San Antonio. Areas with increased crime or more people tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.
The following table ranks the most expensive areas in Texas for safe drivers to purchase auto insurance in. San Antonio comes in at #12 with the yearly price of $1,739 for car insurance, which is about $145 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Brownsville | $1,927 |
| 3 | Dallas | $1,911 |
| 4 | Houston | $1,891 |
| 5 | Amarillo | $1,858 |
| 6 | Laredo | $1,851 |
| 7 | Garland | $1,850 |
| 8 | Mesquite | $1,807 |
| 9 | Pasadena | $1,794 |
| 10 | Beaumont | $1,754 |
| 11 | Grand Prairie | $1,740 |
| 12 | San Antonio | $1,739 |
| 13 | Irving | $1,736 |
| 14 | Lubbock | $1,716 |
| 15 | Austin | $1,676 |
| 16 | Arlington | $1,642 |
| 17 | El Paso | $1,632 |
| 18 | Plano | $1,624 |
| 19 | Fort Worth | $1,621 |
| 20 | McKinney | $1,609 |
| 21 | Carrollton | $1,598 |
| 22 | Corpus Christi | $1,572 |
| 23 | Abilene | $1,561 |
| 24 | Waco | $1,522 |
| 25 | Killeen | $1,488 |
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Premium costs are approximated as the vehicle garaging location can change rates greatly.
The illustration below shows how choosing a deductible can influence premium costs when trying to find cheap insurance for safe drivers. The rate quotes are based on a married male driver, full coverage, and no discounts are taken into consideration.
As shown above, a 30-year-old driver could save $294 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $446 by changing to a $1,000 deductible. Even younger drivers, such as the Age 20 example, could possibly save $884 annually by selecting a higher deductible.
If you do raise deductibles, it’s a good idea to have enough funds in savings to allow you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
Impact of careless driving on San Antonio insurance rates
The common sense way to enjoy the cheapest insurance premiums in Texas for good drivers is to be a good driver and avoid accidents and keep your driving record clean. The information below demonstrates how traffic citations and fender-benders can impact insurance premiums for different categories of driver ages. The premiums assume a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.
The data charted above shows the average cost of a car insurance policy per year with no violations or accidents is $1,358. Add in one speeding ticket and the average cost surges to $1,564, an increase of $206 each year. Now throw in two accidents along with the one speeding ticket and the annual cost of insurance for safe drivers goes up to an average of $3,497. That’s an increase of $2,139, or $178 per month, just for not driving responsibly!
How much more does full coverage cost?
Saving money when shopping for insurance is important to the majority of people, and a great way to pay lower rates for insurance for safe drivers is to only buy liability insurance. The illustration below illustrates the comparison of insurance rates with liability coverage only compared to full coverage. The price estimates are based on no claims or driving citations, $500 deductibles, single marital status, and no discounts are taken into consideration.
If all age groups are averaged, physical damage coverage on your policy costs $2,393 per year more than insuring for liability only. A very common question is when is it safe to stop buying full coverage. There is no exact rule of when to drop full coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
There are some scenarios where eliminating full coverage is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not buy liability only.
How to find the cheapest car insurance for safe drivers
It is possible to find better rates, and here are a few thrifty suggestions that can help drivers buy lower-cost auto insurance.
- Avoid accidents
- Buy a vehicle with excellent safety ratings
- You will pay more if you get tickets or have at-fault accidents
- Too many claims can make car insurance unaffordable
- Improve your credit
- Compare quotes from other companies often
The final tip is very necessary, as was discussed in the prior information. Insurance rates adjust often, so drivers shouldn’t be reluctant to switch to a new company if you can find a cheaper rate.
Staying with the same car insurance company is fine, but it isn’t a good idea if that dedication is costing lots of money. Take a couple minutes and compare prices and find cheaper insurance for safe drivers in San Antonio.