How Much Does Texas Car Insurance Cost?
Car insurance in Texas costs an average of $1,842 per year. This rate is $400 more than the national average yearly rate. However, the rate varies significantly across the Lone Star state, based on criteria like one’s driving record, area of residence, age, and others.
Important Points
Texas drivers may expect to spend about 28% more on vehicle insurance per year than the national average.
Texas Farm Bureau has the lowest vehicle insurance prices in Texas among the firms in our review. According to our research, the average yearly charge is $881, less than half of the statewide average of $1,842.
Texas’s Lowest Cost Auto Insurance
Across the board, the Texas Farm Bureau provides the cheapest vehicle insurance alternatives in Texas, while Home State Insurance delivers the most costly. Texas Farm Bureau customers pay an annual premium of $881 on average, whereas Home State Insurance policyholders pay $3,341 per year.
See which insurers made our list of the Cheapest Car Insurance Companies in the United States in 2023.
Teen Driver Insurance in Texas
Car insurance for young drivers is often more expensive than for other age groups in the United States. In Texas, the average cost for a 17-year-old female is $5,503, and $6,640 for a 17-year-old man. With averages of $1,654 and $1,908 for ladies and males, respectively, the Texas Farm Bureau provides advantageous alternatives for both sexes. Teen drivers with Home State Insurance face rates that are more than double the state average, ranging from $12,208 to $14,935. All rates are calculated on an annual basis.
Texas Young Adult Insurance Rates
Drivers in Texas and around the country benefit from cheaper vehicle insurance premiums when they transition from adolescence to early adulthood. Texas girls aged 25 and unmarried pay an average of $2,095 per year for vehicle insurance. The average rate for men in the same demographic is $2,293. Texas Farm Bureau has the lowest average yearly charges, at $1,110 for women and $1,282 for men. Home State Insurance is the most costly choice for female drivers, with an average annual rate of $3,445; The General is the most expensive option for male drivers, with an average annual rate of $3,637.
Texas Senior Insurance Rates
The typical vehicle insurance prices for married 60-year-olds are $1,528 for females and $1,662 for males. Once again, Texas Farm Bureau and Home State Insurance are the least cost and most expensive companies. Females spend $640 per year on average with Texas Farm Bureau and $2,919 with Home State Insurance. Males pay somewhat more with both insurers each year: $674 with Texas Farm Bureau and $3,393 with Home State Insurance.
Texas Insurance Rates for Experienced Drivers
Texas Farm Bureau’s policies appear to be beneficial for drivers with a clean driving record, with an average yearly cost of $881, over $1,000 less than the statewide average of $1,842. Home State Insurance, on the other hand, charges around $1,500 more per year than Texas as a whole. Its average yearly rate is $3,341.
Insurance Rates in Texas Following a Speeding Ticket
If you live in Texas and have been caught speeding, you should acquire a Texas Farm Bureau vehicle insurance quotation. According to our statistics, the average premium for drivers with one speeding citation is $881 per year, the same as the cost for drivers with a clean record. As a result, the carrier may not levy a fee for your first conviction of speeding. Home State Insurance, on the other hand, raises its yearly coverage prices to $4,221.
The average yearly fee in Texas for this category is $2,129.
Insurance Rates in Texas Following an Accident
When you have one automobile accident on your record, Texas Farm Bureau boosts your annual premium to $1,369, and Home State Insurance raises your premium to $4,581. This compares to the Texan average of $2,701 per year for accident coverage.
Insurance Rates in Texas Following a DUI
Driving under the influence might have a negative impact on your vehicle insurance prices and eligibility with some insurance providers. The average yearly insurance rate in this category in Texas is $2,767. State Farm has the lowest average rate of $1,901 per year and Allstate has the highest average premium of $4,661 per year for people with a DUI conviction.
How Much Does Texas High Coverage Car Insurance Cost?
Choosing high coverage limits raises the average annual vehicle insurance premium in Texas to $1,971. Texas Farm Bureau and Home State Insurance are at the low and high ends of our statistics, with the former giving an average annual premium of $935 and the latter offering a rate of $3,527, respectively.
How Much Does Texas Minimum Car Insurance Cost?
On average, an insured who picks a vehicle insurance that just fulfills Texas’ statutory minimum coverage requirements costs $1,829 per year. Texas Farm Bureau has the lowest average yearly premium at $860, while Home State Insurance has the highest average annual rate at $3,310.
How We Made This Texas Car Insurance Comparison
U.S. News and World study collaborated with Quadrant Information Services to examine a study of insurance prices from the majority of the leading national vehicle insurance firms in all 50 states. (Not every auto insurance carrier is available in every state.) Quadrant gathered publicly accessible rate data that vehicle insurers publish with state authorities and should not be considered as binding quotations.
Our 360 Reviews staff does not accept product or service samples, gifts, or loans. After review, all sample items submitted for review are donated. Furthermore, we have a distinct business team that has no say in our methods or suggestions.
Our study’s rates are based on profiles of male and female drivers aged 17, 25, 35, and 60. The cars utilized include the 2017 and 2022 Honda Civic, the 2017 and 2022 Toyota RAV4, and the 2017 and 2022 Ford F-150, with 6,000 and 12,000 miles per year, respectively. Credit categories of bad, fair, and good were employed, as were coverage levels of low, medium, and high. Clean driving histories, as well as records with one accident, one speeding infraction, and one DUI, were also considered in the calculations for certain driver archetypes.
We calculated the mean rate for male and female drivers 17, 25, 35, and 60 years old who drive 12,000 miles per year, have medium coverage, good credit, and a clean driving record to acquire the rates for good drivers utilized in our study.
Our study’s prices should not be deemed “average” rates offered by individual insurers. They are solely for comparison purposes. Because auto insurance premiums are determined by so many individual criteria age, location, driving record, vehicle type, and so on your rates will most certainly differ from those presented here.
Please keep in mind that the content on this website is offered for general informational purposes only and does not represent, and is not intended to constitute legal advice.