Finding good, low-priced insurance is not the easiest thing to do, and finding out which company has the cheapest auto insurance rates for a school permit takes additional perseverance. Each insurance company has a proprietary formula to set their prices, so we’ll take a look at the auto insurance companies with the most affordable rates in Texas.
It’s a good idea to know that Houston auto insurance rates are determined by lots of factors that may substantially change your annual premium. This price fluctuation is why it is so important to shop around when trying to find the best insurance quotes for a school permit. Insurance rates are impacted by many factors and can decrease or increase without notice, so the best price the last time you compared rates may now be one of the higher cost companies.
Find the Cheapest Car Insurance for Students
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
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Travelers generally has some of the best car insurance rates in Houston at around $1,052 a year. This is $852 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the best Houston, TX car insurance companies.
In the rate table above, if you buy coverage from Texas Farm Bureau and switched to Travelers, you might achieve a yearly savings of roughly $183. Texas drivers with Germania Mutual may save as much as $192 a year, and Esurance insureds might see rate reductions of $313 a year.
It’s important to note that these rates are averages for all drivers and vehicles in Texas and and are not calculated with a specific location for a school permit. So the company that can offer you the best price may not even be in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
The make and model of vehicle that is being insured is a significant factor when shopping for the cheapest coverage for a school permit. Vehicles with high performance, poor passenger safety features, or a history of substantial liability claims will cost substantially more to insure than more modest models.
The table below illustrates auto insurance rates for some of the most affordable automobiles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$4,631|
|Honda CR-V LX 2WD||$4,639|
|Honda Accord EX 4-Dr Sedan||$4,631|
|Ford Escape Limited 2WD||$4,677|
|Honda Odyssey LX||$5,155|
|Ford Explorer XLT 4WD||$5,200|
|Jeep Wrangler Rubicon 4WD 2-Dr||$5,205|
|Toyota Tacoma 4WD||$5,200|
|Volkswagen Jetta 2.0T Station Wagon||$5,307|
|Ford Edge Limited 2WD||$5,447|
|Jeep Grand Cherokee Laredo 2WD||$5,493|
|Chevrolet Impala LT||$5,503|
|Dodge Grand Caravan Hero||$5,493|
|GMC Sierra SL Extended Cab 2WD||$5,498|
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Data based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in your specific Houston, TX location which can change premiums noticeably.
Based upon these rates, we can tell that vehicles like the Hyundai Elantra, Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius are most likely going to be the most affordable vehicles to insure for a learners permit. The price of auto insurance will be more costly because of the fact that there is more inherent risk for a school permit, but in general those models will most likely have the lowest prices possible.
For a learners permit, one of the big components that help determine the annual cost of car insurance is where you choose to live in Houston. More populated areas will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.
The next table ranks the most expensive areas in Texas for a school permit to purchase a policy in. Houston is listed at #3 costing $1,891 for the average insurance policy, which is approximately $158 each month.
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Information shown are estimated as zip code location can increase or decrease coverage rates substantially.
How careless driving impacts auto insurance rates
The ideal way to earn the cheapest auto insurance prices in Houston for a learners permit is to drive safely and maintain a clean driving record. The diagram below shows how speeding tickets and accident claims can influence insurance prices for each age group. The price estimates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.
The data in the chart shows the average cost of a car insurance policy in Houston per year with no accidents and a clean driving record is $2,767. Get written up for two speeding tickets and the average cost increases to $3,727, an increase of $960 each year. Then add two accidents along with the two speeding tickets and the annual cost of auto insurance for a school permit jumps again to an average of $7,167. That’s an increase of $4,400, or $367 per month, just for not being attentive to the road!
Finding the highest-rated insurance provider is difficult considering how many companies there are to choose from in Texas. The company ratings in the lists below could help you select which auto insurance companies you want to consider when comparing rate quotes.
These rankings are only made up of companies who write in the majority of U.S. states, so companies without a large exposure are not included in this list. To check rates from these and other companies in Texas, click here.
Top 10 Large Car Insurance Companies in Houston Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Large Car Insurance Companies in Houston Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
The importance of shopping around
Texas auto insurance rates are impacted by many things which can significantly increase or decrease the cost of having a policy. Simply getting older, getting divorced, or getting a driving violation can produce rate changes resulting in some rates now being cheaper than competitors.
Also, companies change premium rates as often as every quarter in order to protect their financial rating. Unexpectedly high claims can cause more expensive prices, while a better loss history may produce lower-cost Houston car insurance rates.
To help illustrate this point, the chart below compares the cheapest car insurance in Houston, TX for a 45-year-old female driver with no prior accidents, a clean driving record, and great credit. If we compare prices based on her current risk factors, Travelers may have the lowest car insurance rates in Houston at $1,297 each year. This is $607 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also included in the best Houston, TX auto insurance companies.
Now we will give the driver from the above example a chargeable accident, less-than-perfect credit, and a speeding citation. Due to the fact that each insurance company has a different process to set premium rates, comparing rates may result in a new list of the cheapest Houston car insurance companies as shown below.
State Farm now has the cheapest rate in Houston with Mercury, Safe Auto, Nationwide, and USAA now being in the top five. This shows why consumers need to shop around with many companies when trying to find cheap car insurance rates for a school permit.
Rates can be altered by many factors and can increase or decrease at any time, so the best option three years ago may now be one of the more expensive options.