One of the more important considerations that determine the amount you pay for auto insurance is where you live in Corpus Christi. Cities with more crime and/or more people tend to have higher rates, whereas areas with less people or fewer weather incidents benefit from having to pay less for coverage.
The table below rates the most expensive cities in Texas for drivers under 21 to purchase a policy in. Corpus Christi makes the list at #21 with an annual premium of $1,588 for coverage, which is approximately $132 each month.
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Prices are estimated as the specific geographic location can modify auto insurance rates substantially.
The vehicle model that is being insured is probably the biggest factor that determines whether or not you can buy economical coverage for drivers under 21. Vehicles with reasonable performance levels, a great safety record, or low incidents of liability claims will cost significantly less to insure than high performance models.
The list below presents coverage premiums for a number of the more affordable vehicles to insure in Texas.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$2,370|
|Honda Accord EX 4-Dr Sedan||$2,379|
|Honda CR-V EX-L 2WD||$2,404|
|Jeep Wrangler Sport 4WD 2-Dr||$2,428|
|Volkswagen Jetta S 2.5 Station Wagon||$2,581|
|Ford Edge SE 2WD||$2,605|
|Honda Odyssey LX||$2,614|
|Dodge Grand Caravan SE||$2,639|
|Ford Explorer XLT 4WD||$2,647|
|Chevrolet Impala LS||$2,781|
|Ford Focus S 4-Dr Sedan||$2,787|
|Toyota Camry LE||$2,816|
|Chevrolet Equinox LS AWD||$2,824|
|Toyota RAV4 Limited 2WD||$2,816|
|GMC Sierra SLE Regular Cab 2WD||$2,825|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$2,850|
|Hyundai Elantra Blue 4-Dr Sedan||$2,958|
|Toyota Corolla S||$2,993|
|Kia Optima LX||$3,019|
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Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in your specific Corpus Christi, TX location which can revise prices noticeably.
Based on these rates, we can presume that cars like the Ford Escape, Honda Accord, Honda CR-V, and Jeep Wrangler will definitely be a few of the more affordable vehicles to insure for minors. The cost of auto insurance will be more costly because there is more liability exposure for drivers under 21, but generally speaking those particular models will have the lowest insurance prices compared to all other vehicles.
Does it make sense to buy full coverage?
Reducing the cost of auto insurance should be important to the majority of drivers, and one of the fastest ways to buy cheaper insurance for drivers under 21 is to only buy liability coverage. The illustration below compares car insurance rates when comparing full coverage to liability only. The data is based on no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are factored in.
Averaged for all age groups, physical damage coverage costs an additional $1,793 per year more than just buying liability only. Many people question if you should buy full coverage at all. There is no set guideline of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
Accidents and violations increase rates
In a perfect world, the best way to earn good auto insurance prices in Corpus Christi for minors is to be an attentive driver and avoid accidents and traffic citations. The illustration below highlights how traffic violations and accident claims can influence car insurance rates for different ages of insureds. The premiums are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
The data in the chart shows the average cost of auto insurance in Texas per year with no violations or accidents is $1,833. Factor in one speeding ticket and the average cost increases to $2,140, an increase of $307 each year. Then include one accident along with the one speeding ticket and the 12-month cost of auto insurance for drivers under 21 increases to an average of $3,002. That’s an increase of $1,169, or $97 per month, just for not being a responsible driver!
Your low-price policy may be costing you money
Corpus Christi, TX auto insurance rates are impacted by many factors that may substantially change the price you pay. Getting older, buying a home, or having an at-fault accident may generate price changes resulting in some rates now being cheaper in comparison to the competition. And not only may your rating factors change, but insurers modify pricing multiple times each year to adjust for unexpected claims or profits. Significantly higher losses can cause higher priced premiums, while lower claim expenses can produce lower-priced Corpus Christi car insurance rates.
As an example, the graph below shows which companies have the cheapest car insurance in Corpus Christi, TX for a 35-year-old male driver with no accidents, a clean driving record, and a good credit rating. Based on his current risk factors, Travelers may offer the most affordable car insurance rates in Corpus Christi at $1,134 annually. This is $770 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest Corpus Christi, TX auto insurance companies.
The chart below compares rates after we give the driver in the first example a chargeable accident, bad credit, and an imperfect driving record. Since each company has a unique approach to set policy rates, comparing insurance quotes most likely will result in a significantly different list of the cheapest companies as shown below.
USAA now has the cheapest rate in Corpus Christi with State Farm, Mercury, Nationwide, and Safe Auto also being competitive. This example demonstrates why drivers need to compare rates to get the best car insurance rates for drivers under 21.
Car insurance prices are calculated by many different factors and can increase or decrease at any time, so the best price the last time you shopped your coverage around may now be quite expensive.