The words “economical” and “auto insurance” really should not be used together, specifically when searching for the best car insurance for electric cars. In an attempt to save some money, let’s introduce you to some of the things the can have a considerable influence on auto insurance prices, and figure out some ways to take a little off the next policy you buy.
For eco-friendly vehicles, one of the largest components that help determine insurance cost is where you normally keep your vehicle. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper car insurance.
The next table rates the priciest cities in Texas for electric cars to purchase car insurance in. Corpus Christi makes the list at #17 with a yearly cost of $1,636 for the average policyholder, which is approximately $136 each month.
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Rates are comparative as the specific geographic location can impact price quotes significantly.
The make and model of vehicle driven is one of the primary factors that determines whether or not you find the best cheap car insurance for electric cars. Vehicles with high performance engines, a lack of modern safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer, lower-performance models.
The information below showcases coverage costs for a handful of the most cost-effective vehicles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Explorer XLT 4WD||$1,034|
|Ford F-150 XLT Crew Cab 2WD||$1,041|
|Toyota RAV4 Sport 2WD||$1,091|
|Chevrolet Equinox LT 2WD||$1,101|
|Chevrolet Malibu LT||$1,110|
|Dodge Grand Caravan SXT||$1,118|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,148|
|Toyota Corolla LE||$1,155|
|Honda CR-V EX 4WD||$1,154|
|Ford Escape Limited 2WD||$1,162|
|Honda Odyssey LX||$1,161|
|GMC Sierra SLE Regular Cab 4WD||$1,167|
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can decrease or increase auto insurance rates considerably.
Based upon the table data, you can presume that makes and models like the Ford Explorer, Ford F-150, Toyota RAV4, and Chevrolet Equinox are most likely to be the cheaper vehicles to insure for eco-friendly vehicles.
Finding dependable, low-priced auto insurance is challenging, and figuring out which insurers offer the cheapest car insurance rates for electric cars requires more quotes for comparison. Every insurance provider has a proprietary method to set premium rates, so let’s take a look at the car insurance companies that tend to be cheaper in Texas.
Lowest Insurance Price Quotes for EV’s
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers normally has some of the best car insurance rates in Corpus Christi at around $1,041 a year. This is $863 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also are some of the cheapest Corpus Christi, TX auto insurance companies.
As shown in the rates above, if you currently buy coverage from USAA and switched to Travelers, you may realize annual savings of about $87. Drivers with Texas Farm Bureau might save as much as $158 a year, and Germania Mutual insureds might reduce rates by $215 a year.
To get a fast rate comparison, click here to start your free quote or quote rates from the companies below.
Bear in mind that those estimates are averaged across all types of insureds and vehicles and do not factor in a specific vehicle garaging location for electric cars. So the company that has the cheapest rates for you may not even be in the top 23 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own individual information.
How accidents and violations affect rates
A great way to obtain good car insurance prices for eco-friendly vehicles is to drive cautiously and avoid getting tickets or having accidents. The chart below illustrates how speeding tickets and accidents drive up premium costs for different categories of driver ages. The premiums are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.
The chart shows that the average cost of auto insurance in Texas per year with no accidents or violations is $2,767. Receive one speeding ticket and the average cost jumps to $3,137, an increase of $370 each year. Next add two accidents along with the one speeding ticket and the yearly cost of car insurance for electric cars increases to an average of $6,268. That’s an increase of $3,501, or $292 per month, just for being a careless driver!
Get discount Corpus Christi insurance
Insurance providers that offer cheap quotes for electric cars may provide special discounts that can lower rates by 30% or more if you qualify for them. A few popular companies and a selection of discounts are outlined below.
- Progressive discounts include good student, homeowner, multi-policy, online signing, and multi-vehicle.
- The Hartford includes discounts for bundle, defensive driver, good student, air bag, vehicle fuel type, and anti-theft.
- Mercury Insurance may offer discounts for multi-policy, anti-theft, good student, professional/association, and good driver.
- GEICO policyholders can earn discounts including military active duty, driver training, multi-vehicle, defensive driver, anti-lock brakes, emergency military deployment, and daytime running lights.
- AAA may include discounts for good student, AAA membership discount, multi-car, good driver, anti-theft, education and occupation, and pay-in-full.
- State Farm may have discounts that include good student, Steer Clear safe driver discount, safe vehicle, defensive driving training, passive restraint, and student away at school.
The illustration below shows the comparison of yearly insurance costs with and without some available policy discounts. The data is based on a female driver, no claims or violations, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with accident-free, multiple policy, passive restraint, safe-driver, anti-theft, and marriage discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on car insurance for electric cars is 28% or $517.
Here’s why price comparisons are so important
Corpus Christi, TX car insurance rates are determined by lots of factors that will increase or decrease the cost of coverage. Turning one year older, increasing liability limits, or getting a reckless driving citation can trigger rate changes that may make certain companies cheaper than competitors. And not only may your rating factors change, but insurers modify pricing without warning in order to protect their financial rating. Significantly higher losses may cause increased policy costs, while less frequent claims can produce more affordable Corpus Christi car insurance rates.
The data below shows which companies have the cheapest car insurance in Corpus Christi, TX for a 45-year-old male driver with no prior accidents, a clean driving record, and a high credit rating. When quoting prices based on his current risk profile, Travelers may offer the cheapest car insurance rates in Corpus Christi at $1,111 annually. This is $793 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 best Corpus Christi, TX auto insurance companies.
Now we will give the driver in the first example some claims, a lower credit score, and a speeding citation. Since each insurance company has a different process to set policy rates, comparing rates will most likely result in a slightly different list of affordable Corpus Christi car insurance companies as shown below.
State Farm now has the cheapest car insurance in Corpus Christi with Mercury, Nationwide, Safe Auto, and USAA completing the list. This example illustrates why consumers need to take the time to compare rates to get affordable insurance quotes for electric cars. Insurance prices are made up of many things and can change without notice, so the lowest-price company when you bought your policy may now cost much more than other companies.