Full Coverage Auto Insurance In Texas: Costs Explained

The average cost of full-coverage auto insurance in Texas is $1,524 per year, or $127 per month. This is higher than the national average of $1,244 per year, or $104 per month. The price you pay for auto insurance in Texas depends on several factors, including age, coverage level, location, driving record, and credit history. Texas Farm Bureau offers the cheapest auto insurance in Texas, with an average annual rate of $1,268 for full coverage.

Full coverage insurance in Texas: average costs and how to save money

Full coverage insurance in Texas is more expensive than the national average. The average cost of full coverage insurance in Texas is $2,460 per year, compared to the national average of $2,311. However, there are ways to save money on your full coverage insurance in Texas. Here are some tips to help you reduce your premiums:

• Shop around for the best policy: It's important to compare policies from different insurance providers to find the one that best meets your needs and budget. Don't be afraid to switch insurance companies if you find a better deal.
• Ask about discounts: Many insurance companies offer discounts for various reasons. For example, you may be eligible for a discount if you have a good driving record, set up automatic payments, or bundle your car insurance with other types of insurance.
• Review your coverage: Make sure you're not paying for coverage you don't need. For example, if you have an old car that's paid off, you may not need collision coverage or gap coverage.
• Consider your deductible: Increasing your deductible can lower your insurance premium. Just keep in mind that a higher deductible means you'll pay more out of pocket if you have a claim.
• Practice safe driving: Maintaining a clean driving record will help you get lower insurance rates. Consider taking a defensive driving course to improve your skills and reduce your risk of accidents.
• Review your policy annually: Life changes, such as moving to a new location or switching jobs, can impact your insurance rates. Review your policy each year to see if you can get a better deal.
• Utilize pay-per-mile insurance: If you don't drive frequently, consider pay-per-mile insurance, which charges you based on the number of miles you drive.
• Improve your credit score: In Texas, your credit history can influence your insurance rates. Working to increase your credit score can help you secure lower premiums.

By following these tips, you may be able to save money on your full coverage insurance in Texas and avoid paying more than necessary.

Minimum coverage insurance in Texas: average costs and how to save money

The average annual cost of minimum coverage car insurance in Texas is $699, while monthly costs average $58. This is significantly cheaper than full coverage insurance, which averages $2,460 annually. However, minimum coverage may not provide sufficient financial protection in the event of an accident.

Texas law requires drivers to have a minimum of 30/60/25 coverage, which includes:

• $30,000 for bodily injury liability per person
• $60,000 for bodily injury liability per accident
• $25,000 for property damage liability per accident
• Utilize discounts: Most insurance companies offer discounts for things like bundling policies, having safety features in your car, or being a safe driver.
• Practice safe driving: Avoiding accidents and claims can help keep your rates low. At-fault accidents, speeding tickets, and DUIs can significantly increase your premium.
• Shop around: Compare quotes from multiple insurance providers to find the best rate.
• Review your policy annually: Life changes, such as moving to a new location or switching jobs, can impact your insurance rates. Reviewing your coverage and comparing quotes from other carriers can help you find savings.

It's important to remember that insurance rates are personalized, and your individual rate may vary based on factors such as age, gender, credit score, and vehicle type.

Full coverage insurance in Texas for young drivers: average costs and how to save money

Full coverage insurance in Texas for young drivers can be expensive, with rates depending on factors such as age, gender, location, and driving history. The average annual cost of full coverage insurance in Texas is $2,460, while the average cost for young drivers is $3,237. Here are some ways to save money on full coverage insurance for young drivers in Texas:

Understand the factors that affect insurance rates

Age, gender, location, driving history, and credit score can all impact insurance rates. Young drivers, especially teens, typically pay higher premiums due to their lack of driving experience. Male drivers may also face higher rates due to historically riskier driving behaviors. Urban areas with higher traffic density and higher accident rates tend to have more expensive insurance premiums. Additionally, a poor driving record with accidents, speeding tickets, or DUIs will significantly increase insurance costs.

Shop around and compare quotes

Comparing quotes from multiple insurance providers is crucial to finding the most affordable coverage. Rates can vary significantly between companies, so it's essential to get quotes from several insurers to ensure you get the best deal.

Take advantage of discounts

Insurance companies offer various discounts that can help lower your premium. Common discounts include those for bundling policies, safe driving, good grades for students, and insuring multiple vehicles. Ask your insurance agent or check online to see what discounts are available to you.

Choose a higher deductible

Opting for a higher deductible can lower your insurance premium. A deductible is the amount you pay out of pocket before your insurance company covers a claim. By agreeing to pay a higher deductible, you can reduce your monthly or annual insurance costs.

Improve your credit score

In Texas, your credit history influences your insurance rates. Drivers with poor credit tend to pay more for coverage as they are considered more likely to file claims. Improving your credit score can help you secure lower car insurance premiums.

Consider pay-per-mile insurance

If you're a young driver who doesn't drive frequently, pay-per-mile insurance can be a cost-effective option. With this type of insurance, you pay based on the number of miles you drive, which can result in significant savings if you don't drive often.

Maintain a clean driving record

Safe driving practices can help keep your insurance rates low. Avoiding accidents, speeding tickets, and DUIs is crucial to maintaining a clean driving record, which will positively impact your insurance costs. Consider taking a defensive driving course to improve your skills and demonstrate your commitment to safe driving.

Review your policy regularly

It's a good idea to review your insurance policy annually or after any major life changes, such as moving to a new location or changing jobs. Life changes can impact your insurance rates, and reviewing your coverage can help you identify opportunities to save money.

Full coverage insurance in Texas for drivers with poor credit: average costs and how to save money

Texas law requires drivers to show proof of their ability to pay for any accidents they cause. Most drivers do this by purchasing auto liability insurance. The average cost of full coverage car insurance in Texas is $2,460 per year, while the national average is $2,311. However, drivers with poor credit in Texas pay an average of $5,937 per year for full coverage.

Texas Farm Bureau offers the cheapest car insurance in Texas, with an average annual rate of $1,268 for full coverage. For drivers with poor credit, the cheapest rates for full coverage are offered by Geico, at an average of $1,791 per year.

To save money on car insurance in Texas, consider the following:

• Utilize discounts: Most insurance companies in Texas offer discounts, such as for bundling your car insurance with home or renters insurance, or for safe driving.
• Practice safe driving: Avoiding accidents and claims can help keep your insurance rates low.
• Gather several quotes: Shop around and compare rates from different insurance providers to find the lowest premiums for the coverage you need.
• Review your policy each year: If your circumstances have changed, it may be worth reviewing your coverage selections and comparing quotes from other carriers.

Full coverage insurance in Texas for drivers with a DUI: average costs and how to save money

If you have a DUI on your record in Texas, you will likely pay more for car insurance. The exact amount you pay will depend on your age, credit history, claims history, and the type of car you drive.

Average Costs

The average cost of full-coverage car insurance in Texas is $2,205 per year, or $184 per month. For drivers with a DUI, the average cost of full coverage increases to $3,901 per year, or $325 per month. This is a 49% increase compared to the average cost for drivers with a clean record.

How to Save Money

• Shop around and compare quotes: Get quotes from multiple insurance companies and compare their rates, coverage options, and discounts.
• Look for discounts: Ask your insurance agent or check the company's website to see if you qualify for any discounts, such as good student, multi-policy, or defensive driving discounts.
• Improve your credit score: In Texas, your credit history can impact your insurance rates. Work on improving your credit score by paying your bills on time and reducing your debt.
• Choose a higher deductible: Opting for a higher deductible can lower your insurance premium. Just make sure you can afford to pay the deductible if you need to file a claim.
• Consider a usage-based insurance program: Some insurance companies offer programs that track your driving habits and offer discounts for safe driving.
• Review your policy annually: Review your coverage selections and compare quotes from other insurance companies each year. Life changes, such as moving to a new location or getting married, may qualify you for lower rates.

Frequently asked questions