Wouldn’t life be great if we could tell you the one company that has the lowest rates for used cars? It’s just not that simple, as there are a whole bunch of unknowns like what your desired deductibles are, the amount of liability coverage you want, and whether or not you are currently insured, that help determine the price you have to pay. Car insurance is kind of a dry topic, but this article will explain the best ways to avoid high prices and will hopefully give you a jump start in finding the best auto insurance in Dallas.
The type of vehicle you are buying coverage for is one of the primary factors when shopping for the most economical auto insurance for used cars. Vehicles with high performance engines, poor safety ratings, or an increased likelihood of liability claims will cost significantly more to insure than more modest models.
The table below ranks auto insurance premiums for the most affordable vehicles to insure in Texas.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 4WD | $1,251 |
| Honda CR-V LX 4WD | $1,261 |
| Toyota Prius | $1,278 |
| Toyota Tacoma 4WD | $1,292 |
| Ford Focus SE 4-Dr Sedan | $1,341 |
| Jeep Grand Cherokee Laredo 4WD | $1,367 |
| Chevrolet Impala LT | $1,372 |
| Ford F-150 XL Regular Cab 4WD | $1,413 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,420 |
| Nissan Rogue S 2WD | $1,462 |
| Volkswagen Jetta SE 4-Dr Sedan | $1,467 |
| Toyota Corolla XRS | $1,473 |
| Toyota Camry LE | $1,493 |
| Hyundai Sonata SE 4-Dr Sedan | $1,534 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,544 |
| Chevrolet Equinox LT 2WD | $1,539 |
| Toyota RAV4 Limited 4WD | $1,544 |
| Compare Cheap Rates Go | |
Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Price estimates do not factor in specific garaging location which can change rates noticeably.
Based upon the rates shown, we can tell that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, Toyota Tacoma, and Ford Focus are most likely to be some of the cheaper vehicles to insure for pre-owned vehicles.
Establishing which company quotes the most affordable car insurance rates for used cars will require a bit more effort in order to find the lowest price quote.
Each insurance company has their own guidelines for setting prices, so we need to take a look at the car insurance companies with the overall cheapest rates in Dallas, TX. It’s important to understand that Dallas car insurance rates are influenced by many factors which can substantially decrease or increase the cost of your policy. Turning one year older, buying higher coverage limits, or having an accident may prompt premium changes that can cause some rates to be much cheaper than others.
Find Cheaper Auto Insurance for Used Cars
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,396 |
| 7 | State Farm | $1,495 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,667 |
| 13 | Amica | $1,775 |
| 14 | GEICO | $2,072 |
| 15 | Home State | $2,092 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,672 |
| Find Your Rate Go | ||
Travelers may have some of the best car insurance rates in Dallas at around $1,021 annually. This is $883 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the most economical Dallas, TX insurance companies.
As depicted above, if you are currently insured with Texas Farm Bureau and switched to Travelers, you may see savings of in the neighborhood of $190. Policyholders with Germania Mutual may save as much as $261 a year, and Esurance insureds might reduce rates by $358 a year.
To see how much you can save, click here to get quotes or quote prices from the following companies.
Understand that those prices are averages across all types of insureds and vehicles and are not factoring in an exact zip code location for used cars. So the car insurance company that has the cheapest rates for you may not even be in the top 23 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.
One of the many things that are used to help calculate auto insurance rates is where you keep your vehicle. Cities with larger populations tend to have more expensive auto insurance rates, whereas less populated areas tend to receive cheaper rates.
The next table sorts the most costly cities in Texas for used cars in which to purchase auto insurance. Dallas is listed at #5 with an annual premium of $1,837 for coverage, which is about $153 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Brownsville | $1,927 |
| 3 | Houston | $1,909 |
| 4 | Laredo | $1,889 |
| 5 | Dallas | $1,837 |
| 6 | Pasadena | $1,794 |
| 7 | Amarillo | $1,786 |
| 8 | Garland | $1,778 |
| 9 | Irving | $1,772 |
| 10 | Grand Prairie | $1,757 |
| 11 | Mesquite | $1,753 |
| 12 | Beaumont | $1,720 |
| 13 | Arlington | $1,709 |
| 14 | San Antonio | $1,688 |
| 15 | Lubbock | $1,665 |
| 16 | Carrollton | $1,647 |
| 17 | El Paso | $1,632 |
| 18 | Austin | $1,627 |
| 19 | Plano | $1,624 |
| 20 | McKinney | $1,609 |
| Compare Prices Now Go | ||
Information shown are comparative as the garaging address in Dallas can change coverage prices noticeably.
The chart below highlights how deductible choice can impact insurance costs when quoting cheap insurance for used cars. The data is based on a married female driver, full coverage, and no policy discounts are applied.
In the chart above, a 50-year-old driver could reduce rates by $352 a year by switching from a $100 deductible up to a $500 deductible, or save $528 by switching to a $1,000 deductible. Young drivers, like the Age 20 category, could reduce their rates $870 each year just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it is essential to have emergency funds available to pay the extra out-of-pocket expense that is associated with using high deductibles.
Best car insurance company in Texas
Choosing a high-quality insurer can be difficult considering how many different companies sell coverage in Texas. The rank data in the lists below could help you select which insurers you want to consider putting your business with.
The rankings below include insurance companies that insure vehicles in the majority of U.S. states, so smaller regional companies will not be included in this list. To compare rates from the insurers below and more, click this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Dallas car insurance rates
Dallas car insurance rates are impacted by many factors which can substantially change your annual premium. Simply improving your credit, buying a different vehicle, or getting a ticket for running a stop sign may cause policy rate changes that can cause some rates to be much cheaper than others.
Not only that, but companies change their prices every year to reflect underwriting profits or losses. A period of higher than normal claims may cause increased rates, while long-term profits may result in lower-cost Dallas car insurance rates.
To help illustrate this point, the chart below shows rates for the cheapest car insurance in Dallas, TX for a 45-year-old male driver with no prior accidents, a clean driving record, and good financial standing. If we compare prices based on his current risk profile, Travelers quotes the most affordable car insurance rates in Dallas at $1,273 each year. This is $631 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the cheapest Dallas, TX auto insurance companies.
Now let’s give the driver from the above example an accident surcharge, bad credit, and a traffic citation. Since each auto insurer uses their own formula to set premium rates, comparing prices most likely will result in a slightly different list of the cheapest car insurance companies in Dallas as shown below.
Mercury now has the best auto insurance rate in Dallas with State Farm, Nationwide, USAA, and Safe Auto now rounding out the top five. This example demonstrates why Texas drivers need to compare many different companies to get the best insurance rates for used cars. Insurance rates consist of many factors and change substantially, so the best price the last time you checked may now cost much more than other companies.