The words “bargain” and “insurance” probably shouldn’t be used together, specifically when searching for the lowest insurance prices for good students. Because it’s not cheap, let’s teach you a few of the factors that significantly impact auto insurance premiums, and find a few ways to cut the cost of your next policy.
The car, truck, or SUV requiring coverage is one of the largest considerations when shopping around for economical coverage for good students. Vehicles with lots of speed or power, poor crash test ratings, or a track record of large liability claims will cost quite a bit more to insure than safer models.
The next list showcases car insurance costs for a handful of the cheapest vehicles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $5,341 |
| Ford Escape XLS 4WD | $5,349 |
| Toyota Prius | $5,772 |
| Chevrolet Silverado LS Regular Cab 4WD | $5,957 |
| Ford F-150 XL Super Cab 2WD | $5,963 |
| Ford Explorer XLT 2WD | $6,009 |
| Dodge Grand Caravan CV | $6,017 |
| Ford Focus SE 4-Dr Sedan | $6,284 |
| Toyota RAV4 Limited 4WD | $6,336 |
| Jeep Grand Cherokee Laredo 4WD | $6,346 |
| Chevrolet Equinox LS 2WD | $6,336 |
| Volkswagen Jetta S 4-Dr Sedan | $6,343 |
| Chevrolet Malibu LT | $6,388 |
| Dodge Ram Quad Cab ST 2WD | $6,541 |
| Ford Edge Limited AWD | $6,663 |
| Hyundai Elantra GLS 4-Dr Sedan | $6,673 |
| Chevrolet Impala LTZ | $6,663 |
| Toyota Camry SE | $6,669 |
| Toyota Corolla LE | $6,663 |
| Honda Odyssey EX-L | $6,671 |
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in garaging location in Dallas, TX which can increase or decrease auto insurance rates significantly.
Based upon the rates shown, you can expect vehicles like the Honda CR-V, Ford Escape, Toyota Prius, and Chevrolet Silverado are likely to be some of the more affordable vehicles to insure for student drivers.
One of the many things that are looked at to determine the price you pay for insurance is your zip code in Dallas. Regions with larger populations or more claims are more likely to pay higher prices, whereas less populated areas have the gratification of cheaper auto insurance rates.
The following table lists the most expensive areas in Texas for good students to purchase car insurance in. Dallas is ranked at #2 with a yearly premium of $1,911 for coverage, which is about $159 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Dallas | $1,911 |
| 3 | Brownsville | $1,908 |
| 4 | Houston | $1,853 |
| 5 | Laredo | $1,851 |
| 6 | Garland | $1,832 |
| 7 | Amarillo | $1,804 |
| 8 | Mesquite | $1,771 |
| 9 | Grand Prairie | $1,757 |
| 10 | Pasadena | $1,740 |
| 11 | Irving | $1,719 |
| 12 | Lubbock | $1,716 |
| 13 | Arlington | $1,709 |
| 14 | Beaumont | $1,702 |
| 15 | Austin | $1,676 |
| 16 | San Antonio | $1,671 |
| 17 | Fort Worth | $1,670 |
| 18 | Plano | $1,608 |
| 19 | Carrollton | $1,598 |
| 20 | Corpus Christi | $1,588 |
| 21 | Waco | $1,569 |
| 22 | El Paso | $1,568 |
| 23 | McKinney | $1,561 |
| 24 | Abilene | $1,499 |
| 25 | Killeen | $1,473 |
| Compare Prices Now Go | ||
Rate quotes are approximated as the garaging address in Dallas can raise or lower price quotes noticeably.
Get discounts on Dallas car insurance rates
Insurance providers that provide coverage for good students could also offer special discounts that could reduce prices by as much as 40% or more if you meet eligibility requirements. The best car insurance companies and a selection of discounts are included below.
- Progressive may include discounts for online signing, multi-vehicle, good student, multi-policy, and online quote discount.
- SAFECO discounts include teen safety rewards, accident prevention training, anti-lock brakes, drive less, teen safe driver, safe driver, and homeowner.
- American Family policyholders can earn discounts including good driver, defensive driver, TimeAway discount, Steer into Savings, and good student.
- MetLife may have discounts that include defensive driver, claim-free, good driver, accident-free, multi-policy, and good student.
- GEICO has savings for emergency military deployment, anti-lock brakes, anti-theft, good student, defensive driver, air bags, and membership and employees.
- The Hartford has discounts for air bag, driver training, good student, anti-theft, defensive driver, and bundle.
The chart below shows the comparison of premium costs with and without discounts applied. The information is based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with continuous coverage, good student, paid-in-full, anti-theft, passive restraint, and paperless filing discounts applied. When taking advantage of discounts, the average amount saved each year on car insurance for good students is 28% or $732.
Selecting the highest-rated company can be a challenge considering how many choices drivers have in Texas. The company ratings in the next section can help you pick which companies to look at purchasing from. These rankings are only made up of companies that insure vehicles across America, so companies that may only write in Texas are not taken into consideration for the list.
Top 10 Large Auto Insurers Overall in Dallas
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Why you should be shopping around
Dallas, TX car insurance rates are determined by lots of factors that may substantially change your annual premium. Simply having a birthday, having a claim, or having an accident can trigger changes in premium resulting in some companies being affordable when they were higher priced.
Not only may things change on your end, but insurers file new Texas auto insurance rates every year or even multiple times each year in order to remain profitable. Larger than normal claims may result in more expensive prices, while long-term profits may produce lower-priced Dallas car insurance rates.
For example, the graph below shows rates for the cheapest car insurance in Dallas, TX for a 35-year-old female driver with no accidents, a clean driving record, and a good credit rating. If we compare prices based on her current situation, Travelers might quote the most affordable car insurance rates in Dallas at $1,301 per year. This is $603 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the top five cheapest Dallas, TX auto insurance companies.
The example below compares rates after we give the driver from above a claim surcharge, a lower credit rating, and a stop sign violation. Since each auto insurance company has a proprietary formula to set policy rates, comparing insurance quotes may now result in a significantly different list of cheap Dallas auto insurance companies as shown below.
Mercury now has the cheapest insurance rate in Dallas, TX with State Farm, USAA, Nationwide, and Safe Auto now being in the top five. This shows why consumers need to compare lots of rates when trying to find the most budget-friendly auto insurance rates for good students.
Car insurance prices can be altered by many different factors and change frequently, so the lowest-price company three years ago may now be wasting a lot of money.