One of the many things that determine auto insurance rates is where you choose to live. Areas with increased crime or more people are more likely to have higher rates, whereas areas with less people or fewer weather incidents have the luxury of cheap car insurance rates.
The table below rates the most costly cities in Texas for hybrid vehicles to purchase a policy in. Lubbock shows up at #12 with a yearly cost of $1,716 for coverage, which is around $143 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Laredo | $1,907 |
| 3 | Houston | $1,891 |
| 4 | Amarillo | $1,858 |
| 5 | Dallas | $1,855 |
| 6 | Brownsville | $1,851 |
| 7 | Garland | $1,832 |
| 8 | Mesquite | $1,825 |
| 9 | Irving | $1,789 |
| 10 | Grand Prairie | $1,757 |
| 11 | Pasadena | $1,740 |
| 12 | Lubbock | $1,716 |
| 13 | Arlington | $1,709 |
| 14 | Beaumont | $1,702 |
| 15 | San Antonio | $1,671 |
| 16 | Fort Worth | $1,621 |
| 17 | Austin | $1,610 |
| 18 | Plano | $1,608 |
| 19 | Carrollton | $1,598 |
| 20 | Corpus Christi | $1,588 |
| 21 | Waco | $1,584 |
| 22 | El Paso | $1,568 |
| 23 | McKinney | $1,561 |
| 24 | Abilene | $1,499 |
| 25 | Killeen | $1,473 |
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Rate information is estimated as the vehicle garaging location can impact premium rates substantially.
Finding dependable, low-priced car insurance is easier said than done, and deciding which company offers the most affordable car insurance rates for hybrid vehicles takes more quotes for comparison. Each auto insurer has a different process to set their prices, so let’s take a look at the lowest cost car insurance companies in Texas.
We do need to point out that Texas car insurance rates are determined by lots of factors which can substantially change the cost of coverage. Improving your credit score, getting divorced, or having an accident can cause premium changes that can cause some rates to be cheaper in comparison to the competition.
Best Insurance Companies for Hybrids
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,424 |
| 7 | Mercury | $1,476 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,549 |
| 11 | Allstate | $1,667 |
| 12 | Amica | $1,705 |
| 13 | Progressive | $1,715 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,672 |
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Travelers may have some of the lowest car insurance rates in Lubbock at around $1,010 each year. This is $894 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the most economical Lubbock, TX auto insurance companies.
In this example, if you currently have coverage with Esurance and switched to USAA, you could earn an annual premium reduction of roughly $290. Customers with California Casualty could save as much as $307 a year, and Mercury customers might reduce rates by $359 a year.
These premium estimates are averages across all insureds and vehicles and do not take into consideration an exact zip code location for hybrid vehicles. So the insurer that is best for you may not even be in the list above. That point stresses why you need to compare as many prices as possible using your own driver and vehicle profiles.
The car, truck, or SUV you are trying to insure is probably the largest consideration when shopping around for cheaper coverage for hybrid vehicles. Vehicles with average performance, good safety features, or a positive history of liability claims will cost quite a bit less to insure than adrenaline junky models. The table below illustrates auto insurance rates for the cheapest automobiles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,207 |
| Honda CR-V EX-L 2WD | $1,240 |
| Ford Focus S 4-Dr Sedan | $1,242 |
| Ford Edge SEL AWD | $1,247 |
| Toyota RAV4 Sport 2WD | $1,265 |
| Jeep Grand Cherokee Laredo 4WD | $1,275 |
| GMC Sierra SLE Crew Cab 2WD | $1,265 |
| Dodge Grand Caravan Hero | $1,271 |
| Toyota Prius | $1,300 |
| Honda Civic LX-S 4-Dr Sedan | $1,312 |
| Ford F-150 XL Super Cab 2WD | $1,326 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,335 |
| Chevrolet Impala LTZ | $1,341 |
| Chevrolet Equinox LTZ 2WD | $1,358 |
| Volkswagen Jetta SEL 4-Dr Sedan | $1,363 |
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates greatly.
Based upon these rates, we can tell that vehicles like the Ford Escape, Honda CR-V, and Ford Focus should be some of the most affordable vehicles to insure for hybrids.
The chart below highlights how deductible selection can change yearly insurance costs when getting quotes for cheap insurance for hybrid vehicles. The premiums assume a single female driver, comp and collision included, and no discounts are factored in.
As shown above, a 30-year-old driver could lower their policy premium by $344 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $520 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could lower their rates as much as $766 or even more by choosing a higher deductible. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have enough savings to offset the extra out-of-pocket expense, which is the main drawback of higher deductibles.
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Insurance providers that offer cheap quotes for hybrid vehicles could also offer premium discounts that could lower prices by 40% or more if you meet specific eligibility requirements. The best car insurance companies and some of the discounts include:
- State Farm may have discounts that include accident-free, Steer Clear safe driver discount, student away at school, driver’s education, safe vehicle, and multiple autos.
- GEICO may include discounts for federal employee, driver training, emergency military deployment, membership and employees, air bags, military active duty, and good student.
- Allstate offers premium reductions for premier discount, economy car, passive restraint, multi-policy, good student, new car, and resident student.
- SAFECO includes discounts for teen safe driver, accident prevention training, anti-lock brakes, teen safety rewards, multi-car, safe driver, and drive less.
- Farm Bureau has savings for safe driver, renewal discount, multi-vehicle, 55 and retired, good student, youthful driver, and multi-policy.
- Progressive has discounts for homeowner, multi-vehicle, online signing, multi-policy, good student, online quote discount, and continuous coverage.
- AAA discounts include good student, AAA membership discount, anti-theft, multi-car, education and occupation, and good driver.
The illustration below shows the difference between auto insurance costs with and without discounts applied to the policy premium. The price estimates are based on a female driver, no violations or claims, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with claim-free, marriage, vehicle safety, safe-driver, accident-free, and multiple vehicle discounts applied. When these discounts are applied, theaverage amount saved on car insurance for hybrid vehicles is 28% or $706.
Rate difference between full and liability-only coverage
Buying cheaper car insurance should be important to the majority of drivers, and one easy way to find cheaper insurance for hybrid vehicles is to buy liability only. The chart below shows the difference between auto insurance rates with full physical damage coverage compared to only buying liability only. The prices are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.
Averaged for all ages 20 through 70, comp and collision coverage costs an additional $2,131 per year more than buying just liability insurance. That is a large expense and it proposes the question if you should buy full coverage at all. There is no exact rule that is best for determining when to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s say your vehicle’s replacement cost is $5,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,500 after paying your policy deductible. If premium cost is more than $450 annually to have full coverage, then it might be time to consider dropping full coverage.