The words “affordable” and “insurance” really shouldn’t be used in the same sentence, in particular when you are looking for the best coverage prices for hybrid vehicles. Because of the high cost, let’s familiarize you with a few of the things the can have a considerable influence on car insurance prices, and find a few ways to cut the cost of the next policy you buy.
The make and model of vehicle you are insuring is one of the main factors that determines whether or not you can buy low-cost insurance for hybrid vehicles. Vehicles with high performance, poor safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer, lower-performance models. The list below features car insurance rates for a handful of the most economical automobiles to insure in Texas.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,282 |
| Honda CR-V LX 4WD | $1,372 |
| Toyota Prius | $1,390 |
| Honda Odyssey EX W/Rear Entertainment | $1,453 |
| Volkswagen Jetta 2.0T Station Wagon | $1,471 |
| Toyota RAV4 Limited 2WD | $1,483 |
| Hyundai Elantra SE Touring Station Wagon | $1,496 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,511 |
| Ford Explorer Limited 2WD | $1,516 |
| Honda Accord EX-L 4-Dr Sedan | $1,531 |
| Toyota Corolla S | $1,564 |
| Toyota Camry XLE | $1,571 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $1,592 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,597 |
| Honda Civic DX 4-Dr Sedan | $1,592 |
| Nissan Rogue SL 2WD | $1,599 |
| Ford F-150 Lariat Crew Cab Harley 2WD | $1,592 |
| Dodge Ram Crew Cab TRX 2WD | $1,620 |
| Ford Edge Limited 2WD | $1,635 |
| Jeep Wrangler Unlimited Rubicon 4WD 4-Dr | $1,637 |
| Chevrolet Equinox LT AWD | $1,673 |
| Ford Focus SEL 4-Dr Sedan | $1,680 |
| Kia Optima SX | $1,700 |
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Information does not factor in zip code location which can lower or raise coverage rates considerably.
By looking at the data, you can assume that cars like the Ford Escape, Honda CR-V, and Toyota Prius are going to be some of the less-costly vehicles to insure for hybrids.
For hybrids, one of the big factors that are looked at to determine auto insurance rates is where you keep your car in Dallas. Areas with more people or even just a higher incidence of claims tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates receive better rates.
The next table ranks the most costly cities in Texas for hybrid vehicles to purchase a policy in. Dallas is ranked at #2 with an annual cost of $1,893 on average, which is approximately $158 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Dallas | $1,893 |
| 3 | Laredo | $1,889 |
| 4 | Brownsville | $1,851 |
| 5 | Houston | $1,835 |
| 6 | Garland | $1,832 |
| 7 | Pasadena | $1,812 |
| 8 | Grand Prairie | $1,793 |
| 9 | Amarillo | $1,786 |
| 10 | Mesquite | $1,753 |
| 11 | Irving | $1,736 |
| 12 | San Antonio | $1,722 |
| 13 | Beaumont | $1,702 |
| 14 | Lubbock | $1,665 |
| 15 | Arlington | $1,658 |
| 16 | Fort Worth | $1,653 |
| 17 | Austin | $1,627 |
| 18 | Carrollton | $1,598 |
| 19 | Corpus Christi | $1,588 |
| 20 | Plano | $1,576 |
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Annual rates are estimated as zip code location can change auto insurance rates substantially.
Establishing which insurers offer the most affordable auto insurance rates for hybrid vehicles calls for more time than just comparing rates from one or two companies. Every auto insurer uses a little different formula for establishing rates, so we’ll take a look at the most competitive auto insurance companies in Dallas.
Keep in mind that Dallas auto insurance rates are impacted by many things that can increase the policy premium. Improving your credit rating, having a claim, or getting a DUI may cause policy rate changes resulting in some companies being more affordable than competitors.
Cheap Insurance Rates for Hybrids
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,465 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,553 |
| 10 | Safe Auto | $1,565 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,775 |
| 14 | GEICO | $2,072 |
| 15 | Home State | $2,155 |
| 16 | MetLife | $2,227 |
| 17 | Unitrin | $2,310 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,594 |
| Quote Your Rates Go | ||
Travelers offers some of the most affordable car insurance rates in Dallas at around $1,041 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the lowest-priced Dallas, TX auto insurance companies.
In the above example, if you are a customer of USAA and switched to Travelers, you might achieve yearly savings of roughly $43. Insureds with Texas Farm Bureau might save as much as $194 a year, and Germania Mutual customers might lower prices by up to $241 a year.
To see if your current coverage is too expensive, click here to get quotes or quote prices from the following companies.
It’s important to note that these estimates are averaged for all types of insureds and vehicles and and are not figured with an exact location for hybrid vehicles. So the car insurance company that fits your needs best may not even be in the top 23 companies shown above. That points out the importance of why you need to get rate quotes using your own specific driver information and vehicle.
Difference between full coverage and liability only rates
Buying cheaper auto insurance should be important to the majority of people, and a good way to save on the cost of insurance for hybrid vehicles is to not insure for full coverage. The illustration below visualizes the comparison of insurance costs with and without full coverage. The rate quotes are based on no violations or claims, $250 deductibles, drivers are not married, and no policy discounts are applied.
As an overall average, full coverage costs $2,671 per year more than just insuring for liability. That is a big expense that brings up the question when is it safe to stop buying full coverage. There is no specific rule for eliminating comp and collision coverage, but there is a general convention. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
Impact of violations and accidents on rates
A great way to score the cheapest auto insurance prices for hybrids is to be a cautious driver and avoid at-fault accidents and violations. The chart below illustrates how traffic citations and accident claims drive up auto insurance rates for each different age category. The data assumes a single female driver, comp and collision included, $500 deductibles, and no discounts are applied.
In the example above, the average cost of auto insurance per year with no accidents or violations is $1,709. Factor in two speeding tickets and the average cost increases to $2,285, an increase of $576 each year. Now throw in two accidents along with the two speeding tickets and the annual cost of auto insurance for hybrid vehicles increases to an average of $4,531. That’s an increase of $2,823, or $235 per month, just for not driving safely!
If you prefer to get some help when shopping for the best coverage for hybrid vehicles, the agents below can most likely aid you in deciding which coverage fits your budget. To find an auto insurance agency close to where you live, click the button after the list.
La Familia Auto Insurance
8702 Spring Valley Rd – Dallas, TX 75240 – (972) 586-7488
Thumann Agency, Inc
12770 Coit Rd Suite 110 – Dallas, TX 75251 – (972) 991-9100
Earl Gordon – State Farm Insurance Agent
7605 McCallum Blvd – Dallas, TX 75252 – (972) 407-9995
More insurance agents in Dallas, TX
How to find low-cost auto insurance for hybrid vehicles
It’s not impossible to find cheaper rates, and here are a few money-saving suggestions that can help Dallas drivers get cheap car insurance.
- Better credit rating means better rates
- Buy your homeowners policy from the same company as your auto insurance
- Buy a vehicle with excellent safety ratings
- Prevent price hikes by avoiding at-fault accidents
- Do not pay for comprehensive and collision coverage on older vehicles
- Check for cheaper rates once a year
That last idea is notably valuable, as we emphasized in the article above. Prices charged by car insurance companies can be adjusted at any time, so don’t be afraid to change to a new company if a cheaper rate is available. Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that loyalty ends up costing thousands of dollars over the life of your policy. In just a few minutes you could shop around to find cheaper auto insurance for hybrid vehicles in Dallas.