A recent auto insurance study revealed that the vast majority of consumers have stayed with the same insurance company for at least the last four years, and just short of a majority have never compared rates with other companies. Drivers in the U.S. could save 46.5% each year just by getting comparison quotes, but they just don’t understand the large savings they would see if they switched.
Truthfully, the best way to get the cheapest car insurance rates in El Paso is to regularly compare prices from insurers that insure vehicles in Texas.
- First, take a little time to learn about how companies set rates and the modifications you can make to prevent high rates. Many factors that are responsible for high rates like distracted driving and an imperfect credit history can be eliminated by making lifestyle changes or driving safer.
- Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive and State Farm, while independent agents can provide prices from multiple companies. Begin your rate comparison
- Third, compare the new rate quotes to your current policy and see if you can save money. If you can save money and make a switch, make sure coverage is continuous and does not lapse.
- Fourth, give proper notification to your current agent or company of your intent to cancel your current car insurance policy and submit the application along with any required down payment to your new carrier. Be sure to keep the new proof of insurance certificate with your vehicle’s registration.
One thing to remember is to try to compare identical coverages on each quote and and to look at as many different companies as possible. This ensures an accurate price comparison and plenty of rates choose from.
You Can Change Your Insurance Rates
A large part of saving on auto insurance is knowing a few of the rating criteria that play a part in calculating your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may result in lower auto insurance prices.
The factors shown below are some of the most common factors auto insurance companies consider when setting your rates.
- Vehicle options can affect premiums – Owning a car with a theft deterrent system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
- Increase deductibles to save – Deductibles for physical damage are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. Physical damage coverage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of covered claims would be colliding with a stationary object, animal collisions, and damage caused by road hazards. The higher the amount the insured is willing to pay, the less your company will charge you for insurance.
- Better rates on vehicles with better crash test results – Cars with high safety ratings tend to be cheaper to insure. Safe vehicles protect occupants better and lower rates of occupant injuries means lower claim amounts and more competitive rates for policyholders. If your Lexus is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
- Premiums may be higher where you live – Being located in less populated areas is a positive aspect when buying auto insurance. Drivers in populated areas have to deal with more traffic problems and a longer drive to work. Fewer people corresponds to lower accident rates and lower theft and vandalism rates.
- Premiums increase with policy add-ons – Policies have extra coverages that you can get tricked into buying if you aren’t diligent. Insurance for personal injury protection, towing, and extra life insurance coverage may not be needed and are just wasting money. They may sound like good ideas when talking to your agent, but if they’re wasting money remove them and pocket the money.
- Long commutes cost more – The higher the miles on your Lexus in a year’s time the more you will pay for auto insurance. A lot of insurance companies calculate rates based upon how the vehicle is primarily used. Cars that have low annual miles receive lower rates than those that get driven frequently. An improperly rated RC F may be costing you. It’s always a good idea to double check that your policy states the correct driver usage.
- Save money by having multiple policies – Lots of companies will give lower prices for people that have more than one policy in the form of a multi-policy discount. Discounts can amount to 10 percent or more. Even with this discount applied, consumers should still compare other El Paso RC F insurance rates to guarantee you are still saving the most.There is a good possibility that you can save even more by buying from different companies
Ratings for El Paso auto insurance companies
Ending up with the best insurer can be rather challenging considering how many different insurance companies sell coverage in Texas. The ranking data shown next may help you choose which insurers you want to consider buying from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
More effort can pay off
Throughout this article, we presented some good ideas how to get a better price on Lexus RC F insurance in El Paso. It’s most important to understand that the more you quote El Paso car insurance, the higher the chance of saving money. Consumers may even find the best price on car insurance is with an unexpected company.
Insureds leave their current company for a number of reasons such as not issuing a premium refund, unfair underwriting practices, delays in responding to claim requests or even questionable increases in premium. It doesn’t matter why you want to switch finding a great new company can be easy and end up saving you some money.
More affordable car insurance in El Paso is available online as well as from independent agents in El Paso, so you need to quote El Paso car insurance with both in order to have the best chance of saving money. There are still a few companies who may not provide internet price quotes and most of the time these small insurance companies provide coverage only through local independent agents.
Other resources
- Side Impact Crash Tests (iihs.org)
- Vehicle Size and Weight FAQ (iihs.org)
- Senior Drivers (Insurance Information Institute)
- Driving in Bad Weather (Insurance Information Institute)