Locating affordable insurance is difficult, and figuring out which companies have the lowest-priced insurance rates for inexperienced drivers may require even more work.
Each insurer has their own process to establish rates, so we’ll go over the insurance companies with the overall best prices in Corpus Christi, TX. It’s important that you understand Corpus Christi insurance rates are based on many factors which can significantly increase or decrease the price you pay for coverage. Simply getting older, buying a new vehicle, or getting a ticket for running a stop sign can cause premium changes that can make some companies more expensive than others.
Cheap Insurance Rates for Newbies
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,396 |
| 7 | Mercury | $1,506 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,585 |
| 10 | Safe Auto | $1,613 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,650 |
| 13 | Amica | $1,723 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,135 |
| 16 | MetLife | $2,161 |
| 17 | Encompass | $2,301 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,646 |
| Get Personalized Rates Go | ||
Travelers may offer some of the lowest car insurance rates in Corpus Christi at around $1,021 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the most economical Corpus Christi, TX insurance companies.
In the rate table above, if you currently have coverage with Texas Farm Bureau and switched to Travelers, you might achieve an annual premium reduction of about $190. Policyholders with Germania Mutual might save as much as $273 a year, and Esurance insureds might cut rates by $344 a year.
Remember that these premiums are averaged across all drivers and vehicles in Texas and do not factor in a specific location for inexperienced drivers. So the auto insurance company that can offer you the best rate may not even be in the list above. That points out the importance of why you need to get quotes using your own personal information and vehicle type.
The vehicle to be insured is a large factor in finding the most economical car insurance for inexperienced drivers. Vehicles with lower acceleration and performance, modern passenger safety features, or a positive history of liability claims will cost quite a bit less to insure than higher performance models. The table below shows coverage costs for a number of the cheapest vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $843 |
| Ford F-150 STX Super Cab 2WD | $923 |
| Jeep Wrangler Sahara 4WD 2-Dr | $942 |
| Ford Escape XLT 4WD | $973 |
| Ford Focus SE 4-Dr Sedan | $977 |
| Chevrolet Equinox LT 2WD | $996 |
| Toyota Prius | $1,025 |
| Dodge Grand Caravan SE | $1,031 |
| Ford Edge SE 2WD | $1,043 |
| Ford Explorer XLT AWD | $1,068 |
| Honda Odyssey EX W/Rear Entertainment | $1,077 |
| Ford Fusion SE 4-Dr Sedan | $1,068 |
| Toyota RAV4 Limited 2WD | $1,091 |
| Volkswagen Jetta 2.0T Station Wagon | $1,103 |
| Dodge Ram Quad Cab ST 2WD | $1,107 |
| Compare Rates Now Go | |
Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Information does not factor in vehicle location which can increase or decrease coverage rates considerably.
Based on these rates, vehicles like the Honda CR-V, Ford F-150, Jeep Wrangler, and Ford Escape are most likely to be the more affordable vehicles to insure for new drivers.
Price comparison of only insuring for liability
Paying a lower price for insurance is probably important to most people, and one way to buy cheap insurance for inexperienced drivers is to buy only liability coverage. The example below illustrates the comparison of yearly insurance costs with liability coverage only compared to full coverage. The price estimates are based on no claims or driving violations, $100 deductibles, drivers are single, and no discounts are taken into consideration.
Averaged for all ages 20 through 70, full coverage costs an extra $2,974 per year more than just insuring for liability. At some point, about every driver wonders if buying full coverage is a good investment. There is no definitive rule for dropping physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
Types of discounts on Corpus Christi car insurance rates
Insurers that offer quotes for inexperienced drivers could also offer price discounts that could potentially reduce rates by as much as 30% if you meet the requirements. A few popular companies and some of the premium reductions they offer include:
- GEICO may offer discounts for anti-theft, good student, five-year accident-free, multi-policy, and seat belt use.
- Auto-Owners Insurance policyholders can earn discounts including group or association, safe vehicle, teen driver, paperless, anti-theft, safe driver, and multi-policy.
- American Family discounts include good driver, early bird, bundled insurance, multi-vehicle, air bags, accident-free, and defensive driver.
- Esurance offers premium reductions for online shopper, good student, renters, claim free, and multi-car.
- Progressive may have discounts that include continuous coverage, homeowner, good student, multi-policy, online quote discount, and multi-vehicle.
- State Farm has savings for passive restraint, Drive Safe & Save, anti-theft, good driver, accident-free, and defensive driving training.
- AAA includes discounts for education and occupation, multi-policy, pay-in-full, anti-theft, multi-car, AAA membership discount, and good student.
The illustration below illustrates the comparison of car insurance rates with and without discounts applied to the policy rates. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with homeowner, multiple vehicle, multiple policy, claim-free, defensive driving course, and safe-driver discounts applied. With discounts applied, theaverage yearly reduction on insurance for inexperienced drivers is 28% or $669.
A good deal can quickly turn bad
Corpus Christi insurance rates are calculated based on many things that will increase or decrease the cost of your policy. Simply having another birthday, adding a teenager to your policy, or getting into an accident may cause policy rate changes that can cause some rates to be cheaper in comparison to the competition. In addition to those changes, companies change their prices every year or even multiple times each year in order to protect their financial rating. Larger than normal claims may cause rate hikes, while profitable underwriting can cause cheaper Corpus Christi car insurance rates.
As an example, the bar chart below shows which company has the cheapest car insurance in Corpus Christi, TX for a 40-year-old female driver with a clear driving record, no claims, and solid credit. Based on her personal risk profile, Travelers might quote the most affordable car insurance rates in Corpus Christi at $1,076 a year. This is $828 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest Corpus Christi, TX auto insurance companies.
In this next rate comparison, we will give the driver in the first example a chargeable claim, a lower credit score, and a few traffic violations. Since each company has a proprietary method to determine rates, getting updated rate quotes could now result in a different set of the cheapest companies as shown below.
Mercury now has the best price on car insurance in Corpus Christi, TX with State Farm, Safe Auto, USAA, and Nationwide also being competitive. This example illustrates why Texas drivers need to take the time to shop around when trying to get the cheapest car insurance quotes for inexperienced drivers. Prices are influenced by many risk factors and change substantially, so the best company when you last compared rates may now be one of the higher cost companies.
How to find cheaper car insurance for inexperienced drivers
Lowering your rates is not difficult, and here are a few thrifty solutions that can help drivers locate more affordable coverage.
- Maintaining good credit helps earn cheaper rates
- Higher physical damage deductibles lower rates
- If possible, pay for small claims out-of-pocket
- Assess whether full coverage is needed
- Safer vehicles cost less to insure
- Home or renters coverage can save on auto insurance
- Shop around for lower rates once a year
The last tip in the list is incredibly significant, as was noted in this piece. Prices can be adjusted at any time, so drivers shouldn’t be resistant to change insurance companies if a more affordable rate is found.
Loyalty to a specific company is fine, but we do not recommend it if that faithfulness ends up costing you lots of money. Take a couple minutes and compare rates and find cheaper car insurance for inexperienced drivers in Corpus Christi.