What are the cheapest car insurance companies in Texas?
Car insurance protects you in case of accidents, theft, or damage to your vehicle. Here are the insurance companies in Texas with the cheapest rates.
They say everything is bigger in Texas, and if you’re not careful, this could apply to your car expenses as well, including insurance.
Insuring your vehicle is a must as you drive in the country’s second largest state where the traffic density is higher than average. The highest posted speed limit in the US (85 mph) can also be found in Texas.
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Minimum coverage car insurance
In Texas, drivers are required to carry a minimum amount of liability insurance coverage to comply with state law. The minimum car insurance coverage requirements for motorists are generally expressed as 30/60/25, which means the following:
- $30,000 bodily injury liability coverage per person: This means your insurance policy must cover at least $30,000 for bodily injury liability per person injured in an accident that you are found responsible for.
- $60,000 bodily injury liability coverage per accident: Your policy must cover at least $60,000 total for bodily injury liability for all persons injured in an accident that you are found responsible for.
- $25,000 property damage liability coverage per accident: Your insurance policy must cover at least $25,000 for property damage liability per accident that you are considered responsible for.
What are the cheapest car insurance companies in Texas?
According to NerdWallet, the company that offers the lowest rates for minimum coverage in Texas is State Farm, at $372 per year. This applies to a 35-year-old driver with a clean driving record. This amount is much lower than the state average for minimum insurance coverage, which sits at $874 per year.
These are the minimum requirements for insurance set by the state of Texas, but these may not provide sufficient coverage in the event of a serious accident.
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Full coverage car insurance
Many drivers opt for higher coverage limits or additional types of coverage, such as uninsured/underinsured motorist coverage, collision coverage, and comprehensive coverage, to ensure they are adequately protected.
The latest figures from NerdWallet indicate that the cheapest policy for full coverage in the Lone Star State is offered by Texas Farm Bureau, at $106 per month totaling $1268 a year on average. This rate is less than half the average price of full coverage in state, which is $257 per month for an annual total of $2966.
These numbers represent typical values, and costs might differ based on factors such as your age, sex, location, the type of vehicle you drive, and driving record, among others.