Cheapest auto insurance in Texas in 2023
If you're looking for the cheapest auto insurance in Texas, the quote from Geico is the lowest in our 2021 annual premium study from Quadrant Data Administrations. Based on Bankrate research, Geico offers the lowest average coverage premium in Solitary Star State, at $391 per year. Compared to the state median price of $524 per year for the least coverage, Geico fares are less than $100 per year.
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If you're looking for more coverage, you still have options to help you find an affordable price. Geico's full coverage premium is also the lowest on our list, averaging $1,339 per year. The median annual full coverage premium in Texas is $1,823, but Geico isn't the only low-cost auto insurance company in the state. Other companies we found offering cheap auto insurance in Texas include USAA, Across the country, and the White Mountains.
Cheapest auto insurance company in Texas
As a starting point in our search for the cheapest auto insurance in Texas, we reviewed average annual premium information from Quadrant Data Administrations. But because the price isn't the only consideration when shopping for auto insurance coverage, we also consider each company's JD Force scores and AM Best financial strength ratings. These metrics can help you find companies that offer low rates as well as strong customer service and financial stability.
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Cheapest company for least coverage in Texas
Buying the least coverage means that you only buy the type and extent of coverage that Texas requires. The least coverage is often considered the cheapest option because the limits are relatively low. However, most insurance professionals recommend purchasing a higher liability limit for greater financial protection.
If you're interested in buying the least coverage, here are some of the cheapest auto insurance companies in Texas, based on the annual premiums quoted:
Auto insurance company Average minimum annual coverage premium Geico $391 $33 USAA $395 $33 White Mountains $424 $35 Fred Loya $449 $37 Cross country $499 $42 Cheapest company for full coverage in Texas
Full coverage car insurance includes additional comprehensive coverage and collision coverage, both of which cover damage to your vehicle. Although it costs more, full coverage gives you greater financial protection. If your vehicle is damaged by a collision, storm, animal crash, vandalism, or theft, you are covered for repair costs, up to the policy limit. Keep in mind, separate deductions may apply to this coverage option, which affects what you pay per premium, as well as what financial risk you are exposed to in the event of a loss.
The following cheap auto insurance companies offer low average full coverage rates in Texas:
Auto insurance companies Average annual full coverage premiums Average monthly full coverage premiums Geico $1,339 $112 USAA $1,344 $112 National $1,362 $114 State Homestead $1,411 $118 White Mountains $1,533 $128 Events that could affect your cheap rates in Texas
Car insurance rates do not stay the same throughout your life. If you have recently experienced a life event, you may benefit from shopping for your auto insurance policy to find the cheapest rates. Life events that may affect your premium include:
Added teen drivers: Teen drivers have little behind-the-wheel experience. To offset the added risk of an accident, auto insurance companies tend to charge higher rates for teens. If you have a teen driver, you may want to get offers from several companies and take advantage of the discounts available to lower your premium.
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Receiving a ticket: a ticket can be an indication of risky driving behavior. If you get a speeding ticket, your insurance premiums can increase for three to five years. However, companies can raise rates to various degrees with the ticketing taken into account, which makes comparing quotes useful for finding savings.
Involved in an accident by mistake: Causing a single accident poses a greater risk to the insurance company for recurring incidents (and claims). As a result, your premiums will usually incur additional costs over a number of years.