Deciphering which insurers offer the best insurance rates for electric cars requires a bit more work in order to find a policy that fits your budget.
Every insurance provider has a unique approach to determine premium rates, so we will examine the most affordable insurance companies in Houston, TX.
Lowest Insurance Price Quotes for EV’s
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,095 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,438 |
| 7 | Mercury | $1,506 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,553 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,093 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,646 |
| Get a Custom Quote Go | ||
Travelers generally has some of the best car insurance rates in Houston at around $1,052 annually. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the cheaper Houston, TX insurance companies.
As illustrated above, if you are a customer of USAA and switched to Travelers, you might realize a yearly savings of approximately $43. Insureds with Texas Farm Bureau might save as much as $147 a year, and Germania Mutual insureds might see rate reductions of $230 a year.
Understand that those policy prices are averages across all types of insureds and vehicles and do not take into consideration a specific location for electric cars. So the car insurance company that fits your needs best may not even be in the top 23 companies in the list above. That emphasizes why you need to quote rates from many companies using your own driver data and vehicle information.
One of the more important criteria that are looked at to determine car insurance rates is where you keep your vehicle. Areas with a lot of weather claims or more people tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.
The illustration below ranks the most expensive places in Texas for electric cars to buy auto insurance in. Houston is ranked at #2 having an annual price of $1,909 for the average policy, which is around $159 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Houston | $1,909 |
| 3 | Dallas | $1,893 |
| 4 | Laredo | $1,889 |
| 5 | Brownsville | $1,851 |
| 6 | Garland | $1,850 |
| 7 | Amarillo | $1,840 |
| 8 | Mesquite | $1,807 |
| 9 | Pasadena | $1,794 |
| 10 | Grand Prairie | $1,793 |
| 11 | Beaumont | $1,754 |
| 12 | Irving | $1,719 |
| 13 | San Antonio | $1,688 |
| 14 | Lubbock | $1,682 |
| 15 | Fort Worth | $1,670 |
| 16 | Arlington | $1,642 |
| 17 | Austin | $1,627 |
| 18 | Carrollton | $1,615 |
| 19 | Plano | $1,608 |
| 20 | El Paso | $1,584 |
| Compare Prices Now Go | ||
Premium costs are estimated as the specific garaging location can affect coverage prices considerably.
Do you need full coverage?
Reducing the cost of insurance is important to most people, and one common way to find cheaper insurance for electric cars is to not buy full coverage. The diagram below illustrates the comparison of auto insurance costs when comparing full coverage to liability only. The rates are based on no claims or violations, $100 deductibles, single marital status, and no discounts are applied to the premium.
If we average the cost for all age groups, full coverage on your policy costs $2,974 per year over having just liability coverage. That brings up the question if it’s a good idea to buy full coverage. There is no exact formula to delete full coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.
Ratings for Houston insurance companies
Insuring your vehicle with a good quality car insurance company can be rather challenging considering how many different companies there are to choose from in Houston. The company ratings in the next section could help you decide which auto insurance companies you want to consider when comparing rate quotes.
These ratings only include major nationwide insurance companies, so companies that only write business in Texas or surrounding areas are not included in this list. If you wish to compare rates from many more Texas auto insurance companies, click this link.
Top 10 Major Car Insurance Companies Overall in Houston
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Irresponsible driving raises your rates
The easiest method to find the best insurance prices in Houston for eco-friendly vehicles is to drive safely and avoid accidents and traffic citations. The diagram below shows how traffic citations and at-fault fender-benders raise insurance premiums for different categories of driver ages. Data assumes a single female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
In the previous chart, the average cost of car insurance per year with a clean driving record and no accidents is $2,062. Factor in two speeding tickets and the average cost rises to $2,748, an increase of $686 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of insurance for electric cars jumps again to an average of $3,450. That’s an increase of $1,388, or $116 per month, just for not keeping your driving record clean!
How to find economical insurance for electric cars
Here are some of the recommended thrifty ideas that can help you locate cheaper auto insurance.
- Good credit can save money
- Insure your home and auto with the same company
- Buy a vehicle with excellent safety ratings
- Save money by insuring older vehicles for liability only
- Raise deductibles
- Pay for small claims rather than turning them in to your insurance company
- Compare rates regularly to ensure the best deal
That last tip is certainly vital, as was stressed in this article. Prices charged by companies in Houston can be changed at any time, so drivers shouldn’t be reluctant to switch to a new company if a cheaper rate is available.
Many drivers prefer to stick with one company, but it’s not a great idea if that loyalty results in overpaying a wad of cash every year. It only takes a couple minutes to compare prices and find cheaper car insurance for electric cars.
The agencies below can most likely help you make a decision which policy fits your needs best, since some drivers aren’t sure which coverage they need and prefer to have some professional guidance when shopping around for cheaper insurance for electric cars. It’s not always simple to find the best coverage on your own, so a professional agent can add satisfaction knowing you have enough coverage when you need it.
To find a Houston insurance agent in your neighborhood, click the button after the list.
- Kingspoint Insurance Agency, Inc.
11200 Westheimer Rd #850 – Houston, TX 77042 – (713) 850-1660 - Diego Martinez – State Farm Insurance Agent
2575 S Dairy Ashford Rd m – Houston, TX 77077 – (281) 496-5330 - Noveri Insurance Agency
2657 Gessner Rd – Houston, TX 77080 – (713) 460-9400