Who Has Affordable Houston Auto Insurance Rates for Drivers Requiring a SR22?

For high risk drivers, one of the more important considerations that determine auto insurance rates is where you normally keep your vehicle in Houston. Areas with increased crime or more people are more likely to pay higher prices, whereas less populated areas have the luxury of cheap car insurance rates.

The information below ranks the highest-priced areas in Texas for drivers requiring a SR22 to buy auto insurance in. Houston ranks #6 with a yearly cost of $1,835 for the average insured, which is around $153 each month.

Car insurance prices in Houston
Rank City Annual Premium
1 McAllen $1,956
2 Laredo $1,907
3 Brownsville $1,870
4 Dallas $1,855
5 Garland $1,850
6 Houston $1,835
7 Mesquite $1,825
8 Pasadena $1,812
9 Amarillo $1,786
10 Beaumont $1,772
11 Grand Prairie $1,757
12 Irving $1,719
13 Lubbock $1,716
14 Arlington $1,709
15 San Antonio $1,671
16 Austin $1,659
17 Carrollton $1,647
18 McKinney $1,625
19 Fort Worth $1,621
20 Corpus Christi $1,620
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Rates are approximated as specific Houston garaging address can decrease or increase rates substantially.

The vehicle model that needs insurance is probably the most important factor when looking for affordable coverage for drivers requiring a SR22. Vehicles with high performance features, poor safety features, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models.

The information below ranks coverage costs for a selection of the cheapest vehicles to insure in Texas.

Cheapest Vehicles to Insure in Houston, TX
Make and Model Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $4,201
Honda CR-V LX 4WD $4,208
Hyundai Elantra GLS Touring Station Wagon $4,378
Ford Escape Limited 2WD $4,436
Toyota Prius $4,671
Ford F-150 STX Super Cab 2WD $4,843
Ford Explorer XLT 2WD $4,894
Jeep Grand Cherokee Laredo 2WD $4,980
Toyota RAV4 Limited 4WD $4,986
Chevrolet Malibu Hybrid $4,980
Chevrolet Impala LS $5,122
GMC Sierra SLE Crew Cab 2WD $5,132
Chevrolet Equinox LT AWD $5,181
Dodge Grand Caravan SXT $5,183
Toyota Camry XLE $5,205
Toyota Corolla XLE $5,213
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $5,237
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Table data represents single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in zip code location which can modify price quotes considerably.

Based upon the table data, you can conclude that cars like the Honda Accord, Honda CR-V, and Hyundai Elantra are most likely to be a few of the most budget-friendly vehicles to insure for high risk drivers. Auto insurance rates will be more expensive because of the fact that there is more liability exposure for drivers requiring a SR22, but overall those models will tend to have the lowest insurance prices compared to other types of vehicles.

Insuring your vehicle with the highest-rated car insurance company is hard considering how many different companies sell coverage in Houston. The information shown next can help you pick which car insurance companies you want to consider when comparing rate quotes.

These ratings include the largest companies in the United States, so companies without a large exposure will not be included in this list. If you wish to compare rates and find cheaper insurance for drivers requiring a SR22, click this link.

Top Insurance Companies for Drivers Requiring a SR22 in Texas
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
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Do you need full coverage?

Saving on insurance is important to the majority of people, and one of the best ways to pay lower rates for insurance for drivers requiring a SR22 is to only buy liability coverage. The example below shows the comparison of insurance rates with and without physical damage coverage. The prices are based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are taken into consideration.

If averaged for all ages, physical damage coverage on your policy costs an additional $2,671 per year over liability only. That proposes the question when is the right time to remove full coverage. There isn’t a steadfast formula to eliminate physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s pretend your vehicle’s replacement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $10,000 after paying the physical damage deductible. If you are currently paying more than $1,000 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

The illustration below shows how choosing a deductible can change premium costs when getting quotes for cheap insurance for drivers requiring a SR22. The rates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

The data above shows that a 30-year-old driver could lower their car insurance rates by $396 a year by switching from a $100 deductible to a $500 deductible, or save $598 by selecting a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could potentially save $1,206 each year by selecting a higher deductible.

If you do decide to increase your deductibles, it is essential to have additional savings on hand to be able to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Why are you paying too much for Houston car insurance?

Houston, TX insurance rates are determined by lots of factors that control the price you have to pay. Improving your credit rating, filing a claim, or getting a couple of tickets may generate price changes resulting in some companies being cheaper than competitors.

Not only may things change on your end, but auto insurance companies change their prices as often as every three months to ensure their profitability. Higher than normal claims can cause rate hikes, while a better claims history can produce lower-cost Houston car insurance rates.

As an example, the data below shows the companies that have the cheapest car insurance in Houston, TX for a 35-year-old female driver with no prior accidents, a clean driving record, and a decent credit rating. When comparing rates based on her personal profile, Travelers may offer the most affordable car insurance rates in Houston at $1,249 a year. This is $655 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest Houston, TX auto insurance companies.

Now we will give the driver from above an accident surcharge, a lower credit rating, and a speeding citation. Due to the fact that each insurance company has a different formula for setting rates, comparing rates could now result in a different list of cheap Houston auto insurance companies as shown below.

Mercury now has the cheapest auto insurance in Houston with State Farm, Nationwide, USAA, and Safe Auto also having competitive pricing. This demonstrates why Texas drivers need to compare rates when trying to get the best car insurance rates for drivers requiring a SR22. Car insurance prices can be altered by many factors and can change without notice, so the cheapest rate the last time you checked may now be one of the higher cost companies.