Auto Insurance In Austin: Average Costs Explained

The cost of auto insurance in Austin, Texas varies depending on factors such as age, gender, credit score, driving history, and marital status. The average cost of auto insurance in the city is $1,424 per year, which is slightly higher than the statewide average of $1,415 and lower than the national average of $1,548. Minimum-coverage insurance in Austin costs $730 per year on average, while full-coverage insurance costs around $2,180 per year. Texas Farm Bureau and State Farm are often the most affordable options for minimum and full coverage, respectively.

Cheapest car insurance for young drivers

The cost of car insurance in Austin, Texas varies depending on several factors, including age, gender, driving history, and credit score. For young drivers, in particular, the cheapest car insurance options in Austin are:

Fred Loya Insurance

Fred Loya Insurance offers the cheapest full-coverage car insurance in Austin, at $95 per month, or $1,144 annually. This is significantly lower than the average cost of full coverage in Austin, which is $224 a month or $2,690 per year. Fred Loya Insurance is also a good option for young drivers with poor credit, as the company charges the same rates regardless of credit score.

State Farm

State Farm is the cheapest option for minimum coverage, with an annual premium of $338. They also offer competitive rates for full coverage, at $690 per year. State Farm is a good choice for young drivers with good grades, as they offer a good student discount and a student-away-at-school discount.

Texas Farm Bureau

Texas Farm Bureau is the cheapest car insurance company in Austin for both minimum and full coverage. They charge $42 a month for minimum coverage and $84 a month for full coverage.

USAA

USAA is a great option for young drivers who are current or former military members or have family members who are. They offer affordable rates and are known for top-notch customer service.

Nationwide

Nationwide is the cheapest option for male teens, with an annual premium of $2,169.

Young drivers in Austin can also consider GEICO, which offers the cheapest premiums for the typical insurance buyer, and Mercury, which is the cheapest option for drivers with a DWI or poor credit record.

Cheapest car insurance for drivers with poor credit

The cost of car insurance in Austin, Texas, varies depending on several factors, including age, credit score, driving record, and ZIP code. On average, car insurance in Austin is slightly cheaper than the state average but more expensive than the national average.

Drivers with poor credit in Austin will typically pay higher insurance rates than those with good credit. Here are some of the cheapest options for car insurance for drivers with poor credit in the city:

• Mercury Insurance: Offers full coverage for drivers with poor credit at an average annual rate of $1,265.
• Allstate: Provides full coverage for drivers with poor credit, with an average annual premium of $1,302.
• Fred Loya Insurance: Charges uniform rates regardless of credit score. Their full coverage costs $95 per month, or $1,144 annually.
• Texas Farm Bureau: Offers the cheapest rates for drivers with bad credit, with an average monthly rate of $193 for full coverage.
• Redpoint: According to MarketWatch, Redpoint offers minimum coverage for drivers with poor credit for an average annual rate of $631.

It's important to note that insurance rates are highly personalized and can vary based on individual factors. It's always a good idea to compare quotes from multiple companies to find the most affordable option for your specific situation.

Cheapest car insurance for married drivers

The cost of car insurance in Austin, Texas, depends on several factors, including age, gender, driving history, and credit score. Married drivers in Austin can expect to pay lower rates than single drivers, with insurance companies offering an average of $240 less per year for married couples.

Fred Loya Insurance

Fred Loya Insurance offers the cheapest rates for married drivers in Austin, with an annual premium of $1,047 for full coverage. This is $1,403 less than the average rate for married drivers in the city and $97 less than the company's average rate for single drivers. Fred Loya Insurance also offers affordable rates for drivers with poor credit, charging the same rates regardless of credit score.

State Farm

State Farm is another affordable option for married drivers in Austin, with an average annual premium of $690 for full coverage. State Farm also offers excellent customer service and a range of discounts, including a good student discount and a student-away-at-school discount.

Texas Farm Bureau

Texas Farm Bureau is the cheapest car insurance company in Austin, with an average annual premium of $788 for full coverage. Their rates are 44% cheaper than the city average of $1,500. Texas Farm Bureau also offers affordable rates for minimum coverage, with an average monthly rate of $42.

USAA

USAA is a great option for married drivers who are current or former military members or their families. They offer excellent customer service and competitive rates, with an average annual premium of $880 for full coverage.

Mercury

Mercury is the cheapest option for married drivers with poor credit in Austin, with an average annual premium of $1,265 for full coverage.

Cheapest car insurance for drivers with a DUI

On average, car insurance in Austin, Texas, costs $2,249 per year for full coverage and $654 per year for state minimum coverage. However, drivers with a DUI on their record will likely pay more for car insurance than those with a clean record.

The cheapest car insurance company in Austin for a driver with a DUI is Mercury, which offers an average rate of $1,185 per year. State Farm is another affordable option for drivers with a DUI, with an average rate of $858 per year.

It's important to note that car insurance rates can vary based on several factors, including age, gender, credit score, driving history, and location. It's always a good idea to shop around and compare quotes from multiple companies to find the best rate for your specific situation.

Cheapest car insurance for drivers with a speeding ticket

If you have a speeding ticket on your record, you’ll likely pay more for car insurance. Compared to other types of violations, the rate increase after a speeding ticket is usually small. But the price of your policy after a ticket will depend on your insurance company, as well as whether you have other incidents on your record and how much you went over the speed limit.

In Austin, Texas, State Farm offers the cheapest car insurance for drivers with a speeding ticket, with liability-only coverage for as little as $31 per month and full coverage for an average of $345 per month.

Fred Loya Insurance and Texas Farm Bureau are also good options for drivers with a speeding ticket. Both companies offer rates that are significantly cheaper than the city average.

Frequently asked questions