Wouldn’t it be so easy if we could wave our magic wand and tell you the one company that has the cheapest rates for electric cars? It’s not quite that easy, unfortunately, as there are a ton of unknown factors like whether you are male or female, the miles you drive each year, the area where you live, and the vehicle you are insuring, that help determine the price you have to pay. We know insurance is not everyone’s favorite topic, but in this article we will cover the best ways to save on auto insurance and will hopefully give you a jump start in finding the best auto insurance in San Antonio.
Finding decent, budget auto insurance is challenging, and finding out which companies offer the cheapest insurance rates for electric cars takes even more rate comparisons. Every auto insurer has their own unique process to determine rates, so let’s begin by taking a look at the most competitive insurance companies in San Antonio.
Best Auto Insurance Prices for EV’s
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,421 |
| 6 | California Casualty | $1,438 |
| 7 | Mercury | $1,506 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,698 |
| 12 | Allstate | $1,701 |
| 13 | Amica | $1,775 |
| 14 | GEICO | $2,072 |
| 15 | Home State | $2,155 |
| 16 | MetLife | $2,227 |
| 17 | Unitrin | $2,241 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,672 |
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Travelers may offer some of the cheapest car insurance rates in San Antonio at around $1,052 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the lowest-priced San Antonio, TX insurance companies.
As shown in the table above, if you currently buy coverage from Texas Farm Bureau and switched to Travelers, you might realize a yearly price reduction of about $159. Drivers with Germania Mutual might save as much as $230 a year, and Esurance policyholders might lower prices by up to $369 a year.
Remember that these prices are averages across all insureds and vehicles and do not factor in a specific vehicle garaging location for electric cars. So the auto insurance company that has the cheapest price for you may not even be in the top 23 companies shown above. That helps illustrate why you need to quote rates from many companies using your own driver information and specific vehicle type.
The make and model of vehicle you are buying coverage for is a significant factor when comparing quotes for cheap coverage for electric cars. Vehicles with higher performance characteristics, poor passenger safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer, lower-performance models. The next table illustrates coverage premiums for a selection of the most budget-friendly automobiles to insure in Texas.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,083 |
| Ford Edge SEL AWD | $1,094 |
| Jeep Grand Cherokee Laredo 2WD | $1,116 |
| Chevrolet Malibu LS | $1,122 |
| Ford Explorer Limited 2WD | $1,136 |
| Ford F-150 Lariat Crew Cab 4WD | $1,141 |
| Ford Escape XLS 4WD | $1,160 |
| GMC Sierra SLT Crew Cab 4WD | $1,275 |
| Chevrolet Silverado 2500HD LT Crew Cab Diesel 4WD | $1,284 |
| Chevrolet Impala LT | $1,282 |
| Toyota Tacoma Double Cab 4WD | $1,292 |
| Toyota Prius | $1,288 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $1,299 |
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Premium costs do not factor in specific garaging location which can affect coverage prices considerably.
Based upon the table data, we can expect vehicles like the Honda CR-V, Ford Edge, Jeep Grand Cherokee, Chevrolet Malibu, and Ford Explorer are some of the most budget-friendly vehicles to insure for eco-friendly vehicles.
For eco-friendly vehicles, one of the more important criteria that help determine the amount you pay each year for auto insurance is where your car is garaged. Cities with more crime and/or more people are more likely to pay higher prices, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.
The illustration below lists the priciest cities in Texas for electric cars to buy car insurance in. San Antonio is ranked at #12 with an annual cost of $1,739 for the average insurance policy, which is about $145 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Brownsville | $1,927 |
| 3 | Laredo | $1,851 |
| 4 | Dallas | $1,837 |
| 5 | Houston | $1,835 |
| 6 | Amarillo | $1,804 |
| 7 | Garland | $1,778 |
| 8 | Beaumont | $1,754 |
| 9 | Mesquite | $1,753 |
| 10 | Pasadena | $1,740 |
| 11 | Grand Prairie | $1,740 |
| 12 | San Antonio | $1,739 |
| 13 | Irving | $1,736 |
| 14 | Arlington | $1,709 |
| 15 | Lubbock | $1,682 |
| 16 | Austin | $1,659 |
| 17 | Fort Worth | $1,621 |
| 18 | Carrollton | $1,615 |
| 19 | Corpus Christi | $1,588 |
| 20 | El Paso | $1,584 |
| Compare Prices Now Go | ||
Rate information is comparative as specific location information can decrease or increase auto insurance rates greatly.
Ending up with a good quality auto insurance company can be a challenge considering how many companies are available to choose from in San Antonio. The information shown below may help you decide which providers you want to consider comparing rates with. The rankings below are for the largest companies in the United States, so smaller companies that only insure vehicles in Texas are not taken into consideration for this list.
Top 10 Large Auto Insurers in San Antonio Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Top 10 Large Auto Insurers Overall in San Antonio
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Types of discounts on San Antonio car insurance rates
Insurers that sell policies for electric cars may provide premium discounts that could reduce prices by 35% or more if you meet specific criteria. Larger insurance companies and a selection of discounts are included below.
- Progressive may offer discounts for online signing, multi-policy, good student, multi-vehicle, homeowner, online quote discount, and continuous coverage.
- AAA offers premium reductions for multi-car, multi-policy, pay-in-full, AAA membership discount, and education and occupation.
- Farmers Insurance policyholders can earn discounts including multi-car, electronic funds transfer, alternative fuel, homeowner, teen driver, and good student.
- GEICO discounts include daytime running lights, multi-policy, multi-vehicle, membership and employees, and five-year accident-free.
- Esurance offers discounts for online shopper, multi-car, anti-lock brakes, Pac-12 alumni, and homeowner.
- SAFECO may include discounts for bundle discounts, anti-theft, teen safe driver, multi-car, safe driver, and drive less.
- State Farm has savings for defensive driving training, driver’s education, Drive Safe & Save, accident-free, passive restraint, and good driver.
The diagram below visualizes the comparison of insurance costs with and without discounts. The premiums are based on a male driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with claim-free, accident-free, safe-driver, multiple policy, defensive driving course, and vehicle safety discounts applied. When discounts are applied, theamount saved on insurance for electric cars is 28% or $609.
You are probably paying too much for car insurance
San Antonio, TX insurance rates are impacted by many factors which can substantially decrease or increase the policy price. Simply turning a year older, buying a home, or having an accident may cause policy rate changes resulting in some rates now being affordable when they were higher priced.
Additionally, insurers change the rates they charge in Texas without warning in order to maintain liquidity for claims. An extended period of higher than normal claims can result in more expensive prices, while a profitable period may cause lower-priced San Antonio car insurance rates.
For instance, the bar chart below shows which company has the cheapest car insurance in San Antonio, TX for a 40-year-old female driver with no accidents, a clean driving record, and a decent credit rating. If we estimate rates based on her current risk factors, Travelers might quote the most affordable car insurance rates in San Antonio at $1,149 each year. This is $755 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest San Antonio, TX auto insurance companies.
The example below compares rates after we give the driver in the first chart an accident claim, poor credit, and a few traffic violations. Because every insurance company has their own process for setting prices, analyzing rates may now result in a substantially altered list of affordable San Antonio car insurance companies as shown below.
State Farm now has the cheapest rate in San Antonio, TX with Mercury, Nationwide, Safe Auto, and USAA also having competitive pricing. This example proves why it is important to perform a complete rate comparison to get affordable auto insurance quotes for electric cars.
Insurance rates are calculated by many factors and change dramatically, so the most economical option two years ago may now be an over-priced policy.