Cheapest Auto Insurance for Low Credit Scores in Texas

We always joke that when we write about car insurance, the word cheap should not appear as a descriptor for auto insurance rates. Forgive the oxymoron, but cheap car insurance for low credit scores can be hard to find. We’ll try to make it up to you, because there may be ways you can quote and buy insurance that is more affordable than your current policy.

Shopping around for cost effective car insurance is difficult, and determining which companies quote the cheapest auto insurance rates for low credit scores involves additional perseverance.

Each company has a unique approach for establishing rates, so first we will examine the lowest cost auto insurance companies in Texas. It’s a good idea to know that Texas auto insurance rates are determined by lots of factors that can increase the cost of having a policy. Improving your financial situation, becoming a homeowner, or getting a DUI can cause premium changes that can now make some companies less affordable than competitors.

Best Auto Insurance Prices in Texas

Compare Rates Today

google.charts.setOnLoadCallback(drawTXT5qcibChart);function drawTXT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Travelers’, 1010, ‘#67CF33’], [‘USAA’, 1128, ‘#55AC2A’], [‘Texas Farm Bureau’, 1235, ‘#468F23’], [‘Germania Mutual’, 1256, ‘#3A771D’], [‘California Casualty’, 1396, ‘#306318’]]);var options = {title: ‘Cheapest Car Insurance Companies in Texas’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1496,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

Travelers may have some of the most affordable car insurance rates in Texas at around $1,010 each year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also make the cut as some of the cheaper Texas insurance companies.

In this example, if you buy coverage from Germania Mutual and switched to USAA, you could realize an annual premium reduction of roughly $128. Texas drivers with California Casualty might save as much as $268 a year, and Esurance policyholders might see rate reductions of $293 a year.

Remember that these estimates are averaged for all drivers and vehicles and and are not figured with a price discount for low credit scores. So the insurer that has the lowest price for you may not even be shown in the chart above. That is why you need to get quotes using your own driver information and specific vehicle type.

We all like different vehicles, and the type of vehicle to be insured is one of the largest factors when looking for the cheapest auto insurance for low credit scores in Texas. Vehicles with lots of speed or power, a lack of modern safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer, lower-performance models.

The data below estimates insurance costs for a number of the more afforable vehicles to insure.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in zip code location which can raise or lower coverage rates significantly.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Premium costs do not factor in vehicle garaging location which can lower or raise price quotes significantly.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Prices do not factor in zip code location which can influence auto insurance rates greatly.

Discounts on Texas insurance rates

Insurance providers that sell the cheapest auto insurance for low credit scores in Texas could also offer policy discounts that could potentially reduce rates by as much as 35% or more if you meet specific eligibility requirements. Large auto insurance companies and some of their more popular discounts are shown below.

The chart below illustrates the comparison of insurance premiums with and without discounts applied to the policy rates. The rate quotes are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, accident-free, marriage, multiple vehicle, claim-free, and homeowner discounts applied. When taking advantage of discounts, the the average yearly reduction on auto insurance for low credit scores is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 4157,2983],[‘Age 30’, 2167,1571],[‘Age 40’, 2127,1537],[‘Age 50’, 1941,1403],[‘Age 60’, 1879,1361],[‘Age 70’, 2315,1665]]);var options = {title: ‘Insurance Rate Comparison for Low Credit Scores’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Who is cheaper: Progressive, Geico, State Farm, or Allstate?

When comparing car insurance, four companies to consider are Progressive, Geico, State Farm, and Allstate. When combined, they insure almost 50% of all auto insurance written. The next table points out price, claims, and customer service ratings, as well as some optional coverages that may be available in your state.