Finding affordable car insurance in Dallas can be pretty challenging, especially considering the overall rates in Texas are climbing at the fastest rate in 13 years.
What is causing car insurance rates to rise in Texas?
The auto insurance market is facing a “perfect storm” of conditions that are causing most major insurers to increase policy rates. The high gas prices a few years ago caused a dramatic decrease in the number of miles people drive. The length of the average trip also decreased. This resulted in fewer accidents and fewer claims for insurance companies.
As gas prices dropped and have remained resonably low over the last year or two, more drivers hit the road and insurance companies were not prepared for the increased frequency and severity of claims. Company’s profits felt the brunt of this increased claim activity, and they are now having to make up for it by making large premium hikes which you see as a rate increase on your car insurance bill.
Auto Insurance Rates in Dallas
The chart below outlines rate estimates for popular vehicles in Dallas, TX. The rates are based on an unmarried female driver, age 30, with no tickets or at-fault accidents on her driving record. Calculations use $500 comprehensive and collision deductibles and Texas minimum liability limits of $30,000 of bodily injury liability per person, $60,000 of bodily injury liability per accident, and $25,000 of property damage liability protection. Rate discounts include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rates do not factor in specific garaging location in Dallas, however. The exact location of where you live can impact rates substantially.
| Make, Model, and Trim Level | Annual Policy Premium | 6-month Policy Premium | Monthly Premium |
|---|---|---|---|
| Chevrolet Silverado Crew Cab Hybrid 2WD | $1,666 | $833 | $139 |
| Dodge Grand Caravan Hero | $1,456 | $728 | $121 |
| Dodge Ram Crew Cab Laramie 2WD | $1,704 | $852 | $142 |
| Ford Escape XLT 2WD | $1,230 | $615 | $103 |
| Ford F-150 XLT Crew Cab 4WD | $1,490 | $745 | $124 |
| Ford Focus SES 4-Dr Sedan | $1,510 | $755 | $126 |
| Ford Fusion Sport AWD 4-Dr Sedan | $1,700 | $850 | $142 |
| Honda Accord LX-P 4-Dr Sedan | $1,230 | $615 | $103 |
| Honda CR-V EX 4WD | $1,264 | $632 | $105 |
| Honda Civic GX 4-Dr Sedan | $1,632 | $816 | $136 |
| Hyundai Elantra SE Touring Station Wagon | $1,352 | $676 | $113 |
| Jeep Grand Cherokee Limited 4WD | $1,578 | $789 | $132 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $1,368 | $684 | $114 |
| Nissan Altima 3.5 SR 2-Dr Coupe | $1,758 | $879 | $147 |
| Toyota Camry Hybrid | $1,670 | $835 | $139 |
| Toyota Corolla S | $1,544 | $772 | $129 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,474 | $737 | $123 |
| Get Rate Quotes for Your Vehicle Go | |||
How to Find Cheaper Prices for Dallas Auto Insurance
Performing an annual price comparison is the best way to save money on car insurance in Dallas. Shopping around once a year helps ensure you’re not overpaying for coverage.
- Try to learn about policy coverages and the things you can control to drop your rates. Many factors that result in higher prices such as speeding and an imperfect credit rating can be eliminated by making minor changes to your lifestyle.
- Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive or Farmers Insurance, while agents who are independent can provide prices from multiple sources.
- Compare the quotes to your existing rates and determine if cheaper coverage is available. If you can save money and change companies, make sure coverage does not lapse between policies.
- Give notification to your agent or company of your intention to cancel your current car insurance policy and submit a completed application and payment to the new company. Once the application is submitted, place the new certificate of insurance in an easily accessible location in your vehicle.
One thing to remember is to make sure you’re comparing the same coverage limits and deductibles on each quote and and to analyze as many different companies as possible. Doing this provides an apples-to-apples comparison and the best price quote selection.
Insurance in the Dallas Metro Area
The city of Dallas has well over 1.2 million residents, and the entire Dallas/Fort Worth/Arlington metro area has a whopping 6.4 million residents. With this many people commuting, running errands, and attending events, there is bound to be a lot of fender benders. But you can take steps to lower your auto insurance rates without a lot of work on your part.
The cities below are the largest cities in the metro area, and each links to an informative article that outlines ways you can find cheaper quotes, use discounts to lower your rates, and even find a local insurance agent near you if you prefer to have professional advice when purchasing coverage.