Best Cheap Auto Insurance Texas - The average cost of auto insurance in Austin, Texas is $979 per year, or $82 per month for a minimum coverage policy.
Collected quotes from nine of the largest auto insurance companies in Texas and State Farm provides the lowest coverage insurance in Austin. State Farm premiums average $50 per month for minimum coverage. However, the cheapest comprehensive coverage is from Fred Loya at an average rate of $95 per month.
Best Cheap Auto Insurance Texas
Austin is one of the most populous cities in Texas, and residents pay a little higher for auto insurance to reflect the risk. The average cost of minimum liability auto insurance in Austin is $979, but the national average is $926.
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Depending on the insurer you choose, comprehensive coverage rates in Austin can be as high as $4,000 per year. That's why we recommend getting multiple quotes before purchasing a policy.
State Farm has the best rates for Austin drivers looking for minimum coverage. The average annual premium among companies in our survey is $979, but State Farm customers pay 39% less at $595 per year.
Fred Loya has the best rates for Austin drivers, charging $636 a year, and Nationwide has the third best rates, charging $891 a year. If you're looking for minimum coverage insurance in Austin, we recommend getting quotes from these three companies.
Low premiums make minimum liability coverage seem like an attractive option, but drivers should be aware that minimum coverage does not protect their vehicles. These policies are inexpensive because they pay for damage to the other driver's property or person.
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Austin drivers looking for full coverage should contact Fred Loya for a quote. The average cost of full coverage in Austin is $2,690, but Fred Loya pays $1,144. That saves drivers $1,546 a year.
We also recommend getting quotes from State Farm. State Farm has a much stronger customer service reputation than Fred Loya, and coverage costs $13 more per month. USAA is a great option for members of the armed forces and their families; The customer service is excellent, and the premiums are $12 more than what Fred Loya pays per month.
Car insurance costs more if you get into an accident or get a speeding ticket or DUI citation. A bad credit score can also increase your annual premiums. Insurance companies look at these factors as signs of increased risk and adjust rates accordingly.
The cheapest auto insurance for Austin drivers is listed by Fred Loya, State Farm and Geico. Rates from the three insurers average $2,141 annually for full coverage. That's 50% less than the average price in Austin, which is $4,251.
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A single accident can significantly increase the cost of insurance. Rates in Austin go up an average of 58% after an at-fault accident.
A speeding ticket in Austin increases the average cost of full coverage by $193, making it the most expensive event on your record. A major accident raises the average rates to $1,561, while a DUI raises them to $1,925.
In fact, Fred Loya and State Farm are not raising fares for speeding tickets. This means they are 60% and 55% cheaper than the city average.
If you have received a DUI citation, get quotes from Fred Loya, State Farm & Deerland. Rates from these three insurers are 45% cheaper than the city average for DUI drivers, which is $4,615 for full coverage.
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Some insurers will see a low credit score as a sign of increased risk and increase rates. The average cost of comprehensive coverage for Austin drivers with bad credit is $3,360. To put that in perspective: drivers with average credit pay $2,324, and drivers with excellent credit pay an average of $1,726.
Fred Loya is an exception to this rule. When analyzing auto insurance quotes in Austin, regardless of what your credit score is, the company charges the same rates. Full coverage from Fred Loya costs $1,144 annually.
Fred Loya has the cheapest rates for married drivers in Austin, paying $1,047 a year for comprehensive coverage. That's more than $1,403 less than the city's average price for married drivers, and $97 less than Loya's average price for single drivers.
Insurers often charge married drivers lower rates than single drivers. Average rates for married drivers in Austin are $240 less per year, according to the analysis.
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Our average auto insurance rates for comprehensive coverage in Austin are $4,473 more for an 18-year-old driver than for a 30-year-old driver.
We ask all young drivers to insure their parents if possible. If that's not possible, start with quotes from Fred Loya and State Farm. Fred Loya premiums are 48% cheaper than the city average and 44% cheaper than State Farm. State Farm offers a good student discount and a student in-school discount, which can help young drivers cut their premiums even further.
Residents of the Austin zip code 78737 pay the lowest average premiums, while residents of the 78741 zip code pay the highest premiums. Insurers set rates based on factors such as traffic, crime rates and the number of uninsured drivers in a given area.
A 2019 FBI crime data review found that Austin residents have a three in 1,000 chance of having their car stolen. Among the 11 cities in Texas with the most car thefts, Austin ranks seventh.
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This study collected thousands of quotes from the nine largest insurers in Texas. If no other sample is available, our sample carrier charges for full coverage. He is a 30 year old male, drives a 2015 Honda Civic EX and has an average credit score.
Quadrant Data Services provided the insurance rate data used in this analysis. These rates depend on the insurance documents and should be used for comparative purposes only. Your quote will likely vary based on your driving history, credit, age and gender.
Call for an insurance quote over the phone: (855) 596-3655 | Agents are available 24 hours a day, 7 days a week! Car insurance companies consider several factors to determine rates, including driving experience. First-time drivers pay higher premiums because they are more likely to be involved in an accident. For insurance purposes, newly licensed teenagers, immigrants and foreign nationals, older drivers without licenses or people with driving or insurance differences are all considered new drivers.
We've collected tens of thousands of auto insurance quotes from every index in Texas to find the lowest rates. Rates are for new drivers ages 16, 17, 18, 21, 25, 35, 45 and 55, as well as for two parents' policies under 16.
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Allstate offers the lowest auto insurance rates for first-time drivers under 25. On average, new drivers can expect to pay $2,743 per year for insurance. However, the Allstate policy costs 56% less at $1,205 per year.
New drivers looking to get full coverage insurance can find the best rates with State Farm, where a policy starts at $3,308 a year or $276 a month. The average State Farm rate for full coverage insurance is nearly double that, at $6,527 a year.
Minimum liability policies are generally the cheapest form of insurance because they provide the lowest coverage you can legally carry in your state. Affordable rates and minimum coverage car insurance may seem like the best option, but if you get into an accident, you could end up paying more out of pocket in the long run.
First-time drivers over the age of 25 can find the cheapest minimum auto insurance with Allstate. The company charges $395 per year, which is 62% less than the average quote we received.
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State Farm has the lowest rates for full coverage policies. New drivers pay $1,398 a year, $1,000 less than the average policy with State Farm.
There is no age limit for sharing a car insurance policy with your parents, so you can share a policy if you live in the same household. After you move, you should get your own policy, unless you are still considered highly dependent (ie: college students).
Young first-time drivers can get significantly better rates by sharing a policy with their parents or older relatives.
Allstate, Geico and State Farm rates are lower than average. Geico charges the least to add another car and driver to an existing policy—an average of $1,419 per year.
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Although State Farm charges more to add another car and driver, its overall rates are better than those of its competitors. On average, a full-coverage policy with three cars and State Farm drivers costs $2,201 a year — $813 less than the average.
Rates are calculated based on a full coverage policy for a first-time driver and two parents with three vehicle coverage.
Adding an extra car and driver to an existing full coverage policy costs three to five times less than buying one
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