Average Cost of Car Insurance in Texas in 2022 | Bankrate
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the adept advice and tools needed to succeed throughout life ’ s fiscal journey. Bankrate ’ s column team writes on behalf of YOU – the proofreader. Our goal is to give you the best advice to help you make chic personal finance decisions. We follow rigorous guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct recompense from advertisers, and our content is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and dependable information. We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have column standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you ’ ra interpretation is accurate. We maintain a firewall between our advertisers and our column team. Our editorial team does not receive direct recompense from our advertisers. Bankrate follows a rigid column policy, so you can trust that we ’ rhenium putting your interests first gear. Our award-winning editors and reporters create honest and accurate content to help you make the right fiscal decisions. All providers discussed on our site are vetted based on the rate they provide. And we constantly review our criteria to ensure we ’ ra putting accuracy first. Our policy team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — indeed you can feel confident about which supplier is right for you. Bankrate follows a stern editorial policy, so you can trust that we ’ rhenium putting your interests first. All of our subject is authored by highly qualify professionals and reviewed by subject count experts, who ensure everything we publish is objective, accurate and desirable of your believe. Founded in 1976, Bankrate has a long lead record of helping people make smart fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making process and giving people confidence in which actions to take future. While we adhere to strict column integrity, this post may contain references to products from our partners. hera ‘s an explanation for how we make money. This content is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. The average annual cost of full coverage car insurance in Texas is $1,823 per year, or $151 per month, according to Bankrate’s study of quoted annual premiums. 1,560 ZIP codes were studied to find average premiums in the state. car insurance in the Lone Star State costs $ 149 more than the national average. cable car indemnity rates in a state of matter can be influenced by doss statistics, severe upwind patterns, monetary value of surviving, crime rates and count of uninsured drivers, among early variables. While these averages may be on the higher end, knowing what affects your personalize quote may help you find ways to save. light bulb
Key takeaways
- Texans pay an average of $524 annually for minimum coverage and $1,823 annually for full coverage car insurance.
- Houston residents pay some of the highest rates in Texas, with an average full coverage premium of $2,146 per year.
- 18-year-olds pay the highest auto premiums on average, at $5,778 per year for full coverage.
How much is car insurance in Texas?
How much is car policy in Texas ? Texans pay $ 149 more than the average american per year for wax coverage car policy. meanwhile, minimum coverage car insurance in the state costs Texans $ 416 less per year than the national average. Texas car insurance rates are determined using numerous rate factors, including your age and sex, drive record, ZIP code, vehicle type, how many miles you drive each year, and evening your credit history .
Texas car insurance rates
| Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|
| $152 | $1,823 |
Texas car insurance rates by city
The median cost of car insurance in Texas varies by city. Auto policy is much more expensive in cities than in rural areas due to higher traffic, which can lead to more car accidents and indemnity claims. Houston drivers pay an average of 18 % more than the average entire coverage agio in Texas, while drivers in Lubbock and Tyler pay 3 % less than the country average. Keep in mind that your individual ZIP code affects your premiums. Rates will probable vary even within individual cities, but knowing the average in your city may help you feel more confident when denounce for car policy .
Texas car insurance rates by company
Texas car insurance rates vary significantly by company. For case, full coverage costs an modal of $ 2,889 per year from Fred Loya but $ 1,339 per year from Geico. To help you find the best car insurance in Texas, we compiled average premiums from the top policy companies in Texas by market parcel. Remember that car indemnity premiums are a combination of multiple factors, so the quotes you receive from the companies above are probably to be different from the average premiums .
Cost of living in Texas and car insurance
Texas drivers spend an average of 2.70 % of their annual income on cable car insurance, which is higher than the national average of 2.44 %. When shopping for the best car policy rates in Texas, factoring in your other expenses — so that you are looking at your broader fiscal visualize — can be helpful. The graph below shows the median annual cost of be in Texas, including the average cost of cable car insurance. Use this graph as a guide to help determine your overall expenses so that you can decide what insurance rates fit in your budget.
Texas car insurance rates by age
average cable car insurance rates in Texas vary greatly by historic period. Eighteen-year-old drivers pay an modal of $ 5,778, the highest of any age group, likely due to the eminent likelihood that teens have of getting into accidents. *Rate reflects the addition to add a 16-year-old driver to their parents ’ policy, not the broad policy premium. After 25, premiums broadly start to decrease as drivers gain more have behind the roulette wheel. But as drivers reach their senior years, premiums can start to increase again, as policy companies view older drivers as being at a greater risk for accidents .
Texas car insurance rates by gender
many states use gender as a evaluation gene to determine your car indemnity premium. nationally, female drivers pay slenderly less than male drivers for their car policy because men are statistically more probably to engage in bad drive. however, in Texas, female drivers pay $ 42 more for their car policy, on average. California, Hawaii, Massachusetts, Michigan, Montana, North Carolina and Pennsylvania do not allow gender to be used as a rate factor .
| Average annual full coverage premium | |
|---|---|
| Male | $1,802 |
| Female | $1,844 |
Texas car insurance by credit score
In most states, including Texas, your credit score impacts your car insurance agio. If you have poor credit, you ’ ll probably pay more for car indemnity than person with dear or excellent credit history. Below, we compiled the average rates for car policy by recognition score. note that in California, Hawaii, Michigan, Massachusetts and Washington, your credit seduce may not be used as a rat factor to determine your indemnity premiums. Average annual full coverage rate by credit score
| Poor | Average | Good | Excellent | |
|---|---|---|---|---|
| National average | $3,873 | $1,865 | $1,674 | $1,487 |
| Texas | $3,053 | $2,106 | $1,823 | $1,663 |
Texas car insurance rates by driving record
Tickets, accidents and DUI convictions can increase your premium by an average of 10-51 % in Texas, depending on the austereness of your umbrage. If you can maintain a blank driving criminal record, your insurance company may reward you for good drive by giving you a dismiss. Certain violations may require purchasing bad car insurance, which can be dearly-won .
| Driving incident | Average annual full coverage premium in Texas | % increase of average annual premium |
|---|---|---|
| Clean driving record | $1,823 | 0% |
| Speeding ticket | $2,004 | 10% |
| Accident | $2,589 | 42% |
| DUI | $2,756 | 51% |
Every company has its own regulations, but most insurers will increase your bounty for incidents on your drive record that occurred during the past three to five years .
Texas car insurance rates by vehicle type
car insurance rates vary by make and model. insurance companies may factor in the crash statistics of a certain fomite, how likely it is to be stolen, which safety features it has and whether the driver is likely to engage in bad force. For exemplify, drivers of coupes are more likely to speed and engage in bad drive than sedan drivers. Coupes are besides more likely to be stolen. For these reasons, coupe drivers pay more than sedan drivers for their car indemnity, on average. Below, we compiled average car indemnity rates for a few coarse makes and models .
| Vehicle | Average annual full coverage premium |
|---|---|
| Toyota Camry | $1,823 |
| Ford F-150 | $1,622 |
| Honda Odyssey | $1,601 |
Frequently asked questions
What is the average cost of minimum coverage in Texas?
minimal coverage costs an median of $ 524 per year in Texas. If you ’ rhenium looking for the cheapest car policy in Texas, minimum coverage policy is typically a lot cheaper than full coverage indemnity, although it may leave you with insufficient fiscal protection in the consequence of an accident. Keep in mind that Texas law requires drivers to purchase at least a certain total of minimum coverage for liability ( 30/60/25 ) .
What company has the cheapest car insurance in Texas?
While some companies offer cheap average rates, the cheapest caller will vary based on your individual rate factors. Getting quotes from several companies to compare the premium and discounts might help you find a competitive pace .
How much auto insurance do I need in Texas?
The state minimum limits are 30/60/25, which means you need to carry at least $ 30,000 in bodily injury per person coverage, $ 60,000 in bodily injury per accident coverage and $ 25,000 for place price liability coverage. Most policy experts agree that it is worth buying higher levels of liability, if you can afford to do so, to provide a greater flush of fiscal protection in the event of an accident .
Do I need collision and comprehensive coverage in Texas?
collision is an optional coverage that pays for price to your vehicle following an accident. Comprehensive is besides an optional coverage that provides protection for extra damage situations such as larceny, vandalism, cracked windshields and burn, acclaim and water damage. If you have a rent or loan on your fomite, your lender will likely require you to carry these optional coverages. If not, you may placid want to consider carrying full coverage if your car is newer or of higher rate. If you are diffident how much coverage you need, talking to an agentive role or a spokesperson from your policy ship’s company might be a adept idea .
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean drive record, good accredit and the following full coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimal coverage limits, Bankrate used minimum coverages that meet each state ’ s requirements. Our basis profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should entirely be used for comparative purposes. Age: Rates were calculated by evaluating our base profile with the ages 18-60 ( base : 40 years ) applied. Depending on age, drivers may be a tenant or homeowner. For teens, rates were determined by adding a 16- or 17-year-old adolescent to a 40-year-old marry copulate ’ south policy. The rates displayed reflect the add monetary value to the parents ’ policy. Based on quote annual premiums, it does not appear Hawaii uses age as a contribute gene.
Read more: The 7 Best Car Insurance Companies (2022)
Gender: The follow states do not use gender as a determining divisor in calculating premiums : California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania. Credit: Rates were calculated based on the take after insurance credit tiers assigned to our drivers : “ inadequate, median, good ( base ), and excellent. ” Insurance credit tiers factor in your official credit scores but are not subject on that variable star entirely. The follow states do not allow credit to be a factor in determining car indemnity rates : California, Hawaii, Massachusetts, Michigan, Washington. Incident: Rates were calculated by evaluating our base visibility with the come incidents applied : clean record ( foundation ), at-fault accident, one travel rapidly ticket, individual DUI conviction and backsliding in coverage .