The average age of one of the million citizens of Fort Worth, Texas, is under 24 years of age. Over 44 percent of the population is under 24. Of the remaining people residing in the city, the median age is 31 according to the United States Census Bureau. The average car insurance company has higher insurance rates for drivers under the age of 25, which can mean that the rates are higher in the city of Fort Worth if those citizens under 24 are driving.
Although the city has public transportation in the form of a train and bus service, the main source of transportation around the city is by auto. This causes insurance rates to rise due to the congestion on the roadways, raising the risk of being involved in an accident to a higher level.
Fort Worth is number 47 out of 50 of the most walkable cities in the country, so some driving could be eliminated by those who do not mind getting some exercise on their way to work. If you decide to take up walking to work, or using a combination of walking and mass transit, you need to let your car insurance company know so they can give you a discount on your car insurance. If you are not sure if you want to walk, compare auto insurance quotes with and without walking to work. The comparison quotes may change your mind about driving.
The main employers have been American Airlines and Lockheed Martin. These companies have produced many high-tech jobs, but the median income is still closer to $37,000. This does not mean that insurance rates are lower because of the lower income.
Fort Worth is part of the Dallas-Fort Worth airport hub and it is a high traffic area. Many executives travel to and from this area, which puts more traffic on the highway in the form of rental cars. The higher traffic causes insurance rates to go up overall as the accident rates go up.
Fort Worth has more than five major colleges or trade schools, which is the reason for the lower age group dynamics. The under 24 crowd do not necessarily stay in the area and gradually age the population. Since they are students, the age group percent may stay constant, which will keep insurance rates higher.
The area is a humid subtropical climate and is prone to supercell thunderstorms. These thunderstorms produce hail and consequently can raise the cost of comprehensive auto insurance since hailstorms can do significant damage to parked cars. If you are someone who is able to park your vehicle in a garage, when you compare car insurance rates be sure and let the insurance agent know this. You may qualify for a discount for having protection for your car. This is also beneficial as a theft deterrent, which can result in additional savings.