Finding decent, reasonably-priced car insurance is difficult, and deciding which company offers the lowest-priced car insurance rates for veterans takes even more work. Every auto insurer has their own formula for establishing rates, so we’ll take a look at the car insurance companies with the most affordable rates in Houston, TX.
Best Cheap Insurance Rates for Vets
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,244 |
| 5 | California Casualty | $1,382 |
| 6 | Esurance | $1,421 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,506 |
| 9 | Safe Auto | $1,597 |
| 10 | Nationwide | $1,600 |
| 11 | Progressive | $1,715 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,072 |
| 16 | MetLife | $2,249 |
| 17 | Encompass | $2,301 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,672 |
| Quote Your Rates Go | ||
Travelers may have some of the lowest car insurance rates in Houston at around $1,021 a year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also qualify as some of the more affordable Houston, TX auto insurance companies.
In the rate table above, if you currently have a policy with USAA and switched to Travelers, you might see savings of approximately $107. Texas drivers with Texas Farm Bureau may save as much as $214 a year, and Germania Mutual customers might reduce prices by as much as $223 a year.
Be aware that those premiums are averaged across all insureds and vehicles and do not factor in a specific location for veterans. So the car insurance company that has the cheapest price for you may not even be in the list above. That emphasizes why you need to quote rates from many companies using your own driver data and vehicle information.
For veterans, one of the big factors that determine auto insurance rates is the neighborhood you call home. Areas with more people or more claims will most likely have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims can boast about having cheaper rates.
The illustration below shows the highest-priced areas in Texas for veterans in which to purchase auto insurance. Houston shows up at #6 with an annual cost of $1,835 for the average policy, which is around $153 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Brownsville | $1,908 |
| 3 | Laredo | $1,889 |
| 4 | Amarillo | $1,840 |
| 5 | Dallas | $1,837 |
| 6 | Houston | $1,835 |
| 7 | Garland | $1,778 |
| 8 | Beaumont | $1,772 |
| 9 | Mesquite | $1,771 |
| 10 | Grand Prairie | $1,757 |
| 11 | Pasadena | $1,740 |
| 12 | San Antonio | $1,739 |
| 13 | Irving | $1,719 |
| 14 | Lubbock | $1,665 |
| 15 | Arlington | $1,658 |
| 16 | Carrollton | $1,647 |
| 17 | El Paso | $1,632 |
| 18 | Austin | $1,627 |
| 19 | Plano | $1,624 |
| 20 | Fort Worth | $1,621 |
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Rates are estimated as specific Houston garaging address can revise coverage rates substantially.
Cautious drivers save money
The best way to receive low car insurance premiums for veterans is to drive attentively and avoid accidents and violations. The information below shows how traffic citations and at-fault collisions can increase premium costs for each age group. The premiums assume a married male driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of auto insurance in Texas per year with no violations or accidents is $2,539. Factor in one speeding ticket and the average cost swells to $2,914, an increase of $375 each year. Then include one accident along with the one speeding ticket and the annual cost of car insurance for veterans increases to an average of $3,982. That’s an increase of $1,443, or $120 per month, just for not driving responsibly!
How to get discounts on Houston auto insurance
Insurance companies that provide coverage for veterans may also offer rate discounts that could reduce prices by as much as 35% or more if you are eligible for them. A list of companies and the discounts they provide can be read below.
- Farmers Insurance offers discounts for bundle discounts, homeowner, teen driver, switch companies, good student, mature driver, and early shopping.
- Esurance offers premium reductions for anti-theft, emergency road assistance, claim free, online quote, paid-in-full, and defensive driver.
- State Farm includes discounts for multiple policy, driver’s education, multiple autos, accident-free, and good student.
- GEICO may offer discounts for driver training, multi-policy, emergency military deployment, good student, and anti-lock brakes.
- Allstate has discounts for defensive driver, farm vehicle, early signing, safe driver, and FullPay discount.
The diagram below illustrates the comparison of annual premium costs with and without discounts applied. The premiums assume a male driver, no claims or driving citations, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, marriage, multiple vehicle, passive restraint, homeowner, and accident-free discounts applied. With discounts applied, theaverage amount saved on car insurance for veterans is 28% or $601.
The importance of comparing Houston car insurance rates
Houston car insurance rates are determined by lots of factors that will increase or decrease your annual premium. Simply having a birthday, moving to a different location, or getting a ticket for running a stop sign may generate price changes that can cause some rates to be cheaper than competitors. Not only may your risk profile change, but companies file new rates every year in order to protect their financial rating. A period of increased losses may cause rate increases, while better underwriting may cause cheaper Houston car insurance rates.
The bar chart below analyzes the cheapest car insurance in Houston, TX for a 30-year-old male driver with no prior accidents, a clean driving record, and great credit. Based on his personal risk profile, Travelers might quote the most affordable car insurance rates in Houston at $1,310 per year. This is $594 less than the average policy premium paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance are the remaining top five cheapest Houston, TX auto insurance companies.
The chart below compares rates after we give the driver from the above example an accident surcharge, a lower credit score, and a speeding citation. Since each insurance company has their own guidelines for filing rates in each state, getting updated rate quotes will most likely result in a slightly different list of companies as shown below.
State Farm now has the lowest car insurance rate in Houston with Mercury, USAA, Nationwide, and Safe Auto also having competitive pricing. This example proves why Texas drivers need to perform an extensive rate comparison to find the lowest auto insurance quotes for veterans. Insurance rates can be determined by many factors and change frequently, so the best company when you bought your policy may now be costing you a lot of money.