In Texas, comprehensive car insurance is made up of bodily injury liability and property damage liability, collision and comprehensive, medical payments, and uninsured/underinsured motorists liability. Minimum liability policies do not cover the damages done to your vehicle, which falls under comprehensive and collision insurance included with a full coverage policy. Texas requires all its drivers to carry liability coverage, but comprehensive and collision insurance is optional. Texas requires drivers to buy a minimum of liability coverage, or post a $55,000 bond.
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In the Lone Star State, all drivers are required to carry liability coverage, which provides protection against injuries and property damage caused by a policyholder. Generally, the cheapest auto insurance in Texas is a policy that meets the Texas minimum liability coverage requirements.
In Texas, the cheapest auto insurance for younger drivers aged 16-25 years is provided by State Farm and GEICO. For instance, Geico offers the lowest rates in Texas, averaging $377 a year for a car with minimal liability insurance coverage for a 35-year-old driver with a clean driving record.
The average full-coverage auto insurance rate in Texas is $1,749 a year, or roughly $146 per month, according to NerdWallet us analysis. On average, drivers who live in the most expensive parts of Texas pay over $900 more each year for their car insurance compared with drivers who live in less expensive areas. In Texas, drivers who do not have perfect credit are paying more on average than drivers who have perfect credit.
The average cost of auto insurance nationwide is $1,057, and Texas ranks 14th in most expensive states for car insurance rates. The Lone Star States average cost of auto insurance is $551 a year for minimal coverage, about in line with the national average, but you might be able to find cheaper rates.
Our editorial team has analyzed auto insurance rates from 16 car insurers in Texas and found five cheaper options for drivers across multiple age groups and histories, all driving a 2019 Toyota Camry L. For minimum coverage, we looked at rates reflecting Texass lowest requirements. For each profile, WalletHub compared quotes from top-rated auto insurers in Texas based on average premiums across 59 ZIP codes representing at least 20% of the population in Texas.
While the best auto insurance companies in the Lone Star State differ for each driver, Bankrates reviews of companies included USAA and Geico as specific standouts, based on factors such as lower premiums, specific coverages or discounts, higher customer-service scores, and digital tools.
While Farmers has the lowest auto insurance costs in Texas, factors including the number of policies, driving history, age, and credit score all determine the price of a policy.
Car owners are required to have at least a minimum of coverage. Minimum-coverage auto insurance quotes comply with the legal requirements in Texas, which include $30K per person in liability for personal injuries and $60K for each crash, plus $25,000 for property damage.
Texas drivers who do not keep continuous coverage pay 20% on average more than those who have had coverage for five or more years. Liability coverage is necessary to pay the damages to another driver in case you are at fault in a crash in Texas. At an average of $1,317 a year, The General is the most expensive Texas company for minimal liability auto insurance.
