Auto Insurance In Texas: Is It Affordable?

Texas has some of the most expensive auto insurance rates in the country, with the average cost of full-coverage insurance being $184 per month or $2,205 per year. This is largely due to the state's high crash fatality rates and high rates of vehicle theft.

The cheapest car insurance companies in Texas are Texas Farm Bureau, State Farm, Geico, Redpoint County Mutual and USAA. Texas Farm Bureau offers the cheapest full-coverage car insurance in the state, with rates as low as $119 per month.

Texas Farm Bureau has the cheapest car insurance in Texas

The average rate of insurance for Texas drivers is $1,716 per year, or $143 per month. Texas Farm Bureau's insurance costs $863 per year, or $72 per month, for full coverage. For minimum coverage, the company charges $483 per year, or $40 per month.

Texas Farm Bureau also has the cheapest rates for specific groups of drivers, including young drivers, seniors, drivers with a speeding ticket, and drivers with a DUI.

The company's rates are so low because they are specialized to Texas. Texas Farm Bureau Insurance is based in the state and only serves Texans, so the company can offer more personalized service.

Texas Farm Bureau Insurance offers all standard car insurance coverage options, including add-ons for death indemnity, rental car coverage, and roadside assistance.

The company also offers several discounts, including for bundling policies, being a good student, and taking a driver's training course.

State Farm is the second cheapest car insurance company in Texas

Texas has higher-than-average traffic density and the highest speed limits in the country, which makes insurers consider driving more of a risk in the state. The average price of car insurance in Texas is $58 per month for minimum coverage and $153 per month for a full-coverage policy.

State Farm offers many coverage options, from auto insurance for teen drivers to rental cars and more. State Farm also offers numerous ways to save, such as bundling policies and discounts for safe driving.

State Farm has 19,000 agents across the country, including in Texas, who can help you make insurance affordable with a Personal Price Plan. New car insurance customers report savings of over $50 per month.

Geico is the third cheapest car insurance company in Texas

Texas is a state with a high number of uninsured drivers, and it's crucial to have adequate auto insurance coverage to protect yourself financially in the event of an accident. The right auto insurance policy is essential, especially in a state like Texas, where diverse weather conditions and busy traffic can increase the risk of accidents and theft.

In addition to GEICO, Texas Farm Bureau and USAA are the cheapest options for full coverage insurance in Texas, with rates lower than the state average. It's worth noting that USAA is only available to current and former military members and their families.

When choosing an insurance provider, it's important to consider your individual needs and compare quotes from multiple companies to find the best coverage and rates.

Texas has the 14th most expensive state for insurance

Texas is the 14th most expensive state for car insurance, with an average cost of $1,689 per year for minimum coverage and around $5,335 per year for full coverage. The cheapest car insurance companies in Texas are Texas Farm Bureau, State Farm, and Geico. The difference between the cheapest and most expensive car insurance in Texas is $2,265 per year.

Texas Farm Bureau offers the cheapest car insurance in Texas, with rates as low as $33 per month for minimum coverage and $86 per month for full coverage. State Farm is another affordable option, with rates starting at $33 per month for minimum coverage and $112 per month for full coverage. Geico is also worth considering, with minimum coverage starting at $46 per month and full coverage starting at $151 per month.

The cost of car insurance in Texas can vary depending on factors such as age, driving history, and location. For example, teen drivers typically pay higher rates than older drivers, with average annual premiums of $5,993 for a 16-year-old compared to $3,156 for a 35-year-old. Drivers in cities like Dallas and Houston also tend to pay more for car insurance than those in rural areas.

Overall, while Texas is not the cheapest state for car insurance, there are still affordable options available, especially for those who compare quotes from multiple companies.

Texas has the cheapest car insurance for seniors

Texas has some of the highest auto insurance rates in the country, but seniors can find good deals. The average car insurance cost for a 60-year-old driver in Texas is $1,618 per year for a full coverage policy. According to a CarInsurance.com rate analysis, State Farm provides the cheapest car insurance rate for senior drivers in Texas at about $1,130 per year, or $94 per month. USAA, which is only available to military members, veterans, and their families, also offers cheap rates for seniors in Texas.

According to US News, some of the lowest rates in their study are for senior drivers. In Texas, USAA has the cheapest average annual rates in the state for both female and male 60-year-olds, $695 and $693, respectively. That’s $353 lower than the statewide average for female seniors and $404 below the average for male seniors.

Nationwide is also a good option for seniors in Texas. It impressed US News as the best overall due to its budget-friendly rates for seniors, low level of complaints, and many helpful add-on coverage features.

Frequently asked questions