Cheapest Car Insurance In Texas
Are you looking for great deals to insure your vehicle in Texas? There is no easy way to find the most suitable policy, as every person is different, and the quote will depend on your circumstances and the level of coverage you need. To get the cheapest car insurance in Texas, you’ll need to choose the right company, level of insurance, and be on the lookout for special deals and discounts. Here is a simple guide.
Comparing Car Insurance Quotes in Texas
Before you start comparing prices, determine what level of coverage you need and make sure you don’t pay for something you don’t need.
Here are the basic steps to take to find the most suitable coverage.
- Check prices from both regional, state and national insurance providers.
- Consider your driving habit, history, vehicle, credit rating, age, gender and other circumstances that will affect your price.
- Keep a complete record of your car insurance history. If there is a difference in your history, your risk level may be considered high.
Types of Texas Personal Automobile Policies
In Texas, insurance companies offer policies called the Texas Personal Automobile Policy, which includes eight different types of coverage. The level of protection ranges from minimal to full 100/300 liability coverage.
The minimum coverage is a liability, (30/60/25) that is required to legally drive in Texas. it covers:
How do auto insurance companies calculate your cost?
If you don’t compare prices, you could miss out on saving hundreds of dollars a year. Most car insurance companies will set your bid based on the vehicle you drive, which is the most important factor, where you live, and how you’ve been driving over the years.
Good drivers automatically get a better rate or a safer driving bonus. NerdWallet explains this further on its blog. In addition, your credit score will affect your pricing. The better you pay your bills, the lower the price will generally be. The number of miles you travel each year is also taken into account when you apply for auto insurance, as well as for speeding tickets and DUIs.
The Best Car Insurance Companies by Price
Based only on price, the cheapest car insurance company in Texas is State Farm, with an annual cost of $527, followed by Fred Loya Insurance with a cost of $545. If you’re in the military, you may be able to take advantage of an offer by USAA, which costs $425. You can also find the latest comparison by MoneyGeek on car insurance prices for 2021 in Texas.
If you’re looking for full coverage, Fred Loya is the cheapest, at $979 annually. As a comparison, State Farm charges $1245 for the same coverage, while Met Life will charge you $5405.
Best Texas Car Insurance Companies by Claims Satisfaction
There are five main car insurance providers to choose from in Texas. You don’t want to make a decision based solely on price, claim satisfaction is an important factor. Allstate, Amica, GEICO, and Safeco all have better or excellent ratings based on financial strength and the percentage of satisfied claims. These scores indicate how likely you are to get your insurance payments on time. Read our full price guide on the Car & Driver site.
What is the average cost of car insurance in Texas?
You can expect to pay approximately $2653 per year for full car insurance in Texas. The minimum cost is $44 per month, and the highest is $153.
For minimum coverage, you can pay about $77 per year, or $1415 per year, which is about 9 percent cheaper than the national average. Active members of the military can obtain a policy from USAA, the most affordable insurer in Texas.
Car Insurance Quotes After You Had an Accident, DUI, or Speeding Ticket
If you have a less-than-perfect driving record, you may need to shop around for a while. Your insurance cost will increase by up to 54 percent, depending on the violation. Fred Loya or State Farms won’t raise your premium after a speeding ticket, but Nationwide and USAA will. If you’ve got tickets, check out Clearcover State Farm for quotes, but expect your price to increase by an average of 7 percent.
If you have a DUI on your license, you can still get a good deal with Fred Loya with an average cost of $1638, or about $1,149 with Assurance.
Best Auto Insurance Companies for Bad Credit
In Texas, bad credit will negatively affect your car insurance costs, as people with good credit are likely to have fewer claims. Fred Loya still offers a fair value of $979, because they don’t consider your credit rating as a risk factor, whereas most insurance companies do. If you have a bad credit history, So State Farm charges over $1000 for the same coverage. The most expensive car insurance company for people with bad credit in Texas is MetLife, which costs around $8000 a year.
High Risk and Young Driver Car Insurance in Texas
Based on statistics, younger drivers are more likely to have an accident. Therefore, they will generally pay more for their insurance. The best price for students is $2512 per year from State Farm. Children under 20 can get a full coverage policy from the Texas Farm Bureau for $2084 per year. Read our guide on car insurance for 18-year-old drivers on the Cars & Drives R blog. However, if they have an accident that is at fault, they can only expect to pay $1059 for minimum protection.