How to Find Cheap Car Insurance Quotes in Austin, TX
Car insurance is a crucial aspect of owning and operating a vehicle in Austin, Texas. Not only is it a legal requirement, but it also provides financial protection in case of accidents, theft, or other unforeseen events. We provide a comprehensive guide to car insurance in Austin including the types of coverage available, average policy costs, factors affecting insurance rates, and tips for finding the best car insurance policy. InsuranceQuotes is located in Austin, we can help local drivers save time and find the cheapest car insurance policies with great coverage fast.
How Much Does Car Insurance Cost in Austin, TX?
Our 2024 data shows the average cost for car insurance in Austin, TX is $65 a month or $730 a year for state minimum coverage. Full coverage policies cost around $190 a month or $2,280 a year. The actual amount you will pay depends on personal demographics, driving records, car type and any driver discounts the provider applies to your policy quotes.
Here is a recent breakdown of auto insurance costs in Austin and Round Rock by county:
| Insurance Costs by Austin County: | Car: | SUV: | Coupe: | Truck: | Hybrid: |
|---|---|---|---|---|---|
| Bastrop | $1,291 | $1,102 | $1,225 | $1,296 | $1,366 |
| Caldwell | $1,291 | $1,102 | $1,225 | $1,296 | $1,366 |
| Hays | $1,301 | $1,119 | $1,243 | $1,302 | $1,369 |
| Travis | $1,280 | $1,104 | $1,229 | $1,278 | $1,342 |
| Williamson | $1,200 | $1,032 | $1,148 | $1,195 | $1,256 |
| Average Rates: | $1,273 | $1,092 | $1,214 | $1,273 | $1,340 |
Cheapest Car Insurance Providers in Austin
The cheapest car insurance providers in Austin, Texas as of 2024 are USAA, AAA, and Progressive for the average middle-aged, single person driver with a clean driving record. Our data comes from drivers with the common 4 door vehicles like a Toyota Camry, Honda CR-V, or Nissan Titan truck.
Here is a breakdown from our cost database for yearly state minimum coverage and full coverage by insurance provider for a used vehicle owner in ATX below:
| Insurance Provider: | State Minimum: | Full Coverage: |
|---|---|---|
| USAA | $568 | $1,910 |
| Texas Farm Bureau | $638 | $2,025 |
| AAA | $763 | $2,284 |
| Progressive | $782 | $2,472 |
| GEICO | $908 | $2,424 |
| State Farm | $942 | $2,610 |
| All State | $1,292 | $2,750 |
How Much is Insurance for a New Vehicle?
The average cost for auto insurance for a new 2022 – 2024 vehicle on average will cost $738 for state minimum coverage and $2,656 for a full coverage policy – which most people will need if they are utilizing an auto loan to pay it off. Below you’ll find a breakdown of the most affordable insurance providers for a newer 4 door vehicle for both coverage types:
| Insurance Provider: | State Minimum: | Full Coverage: |
|---|---|---|
| USAA: | $530 | $2,280 |
| GEICO: | $838 | $2,588 |
| AAA: | $763 | $2,672 |
| Progressive: | $720 | $2,766 |
| State Farm: | $838 | $2,974 |
How Does Age Affect Car Insurance Costs?
Age is a significant factor that affects Austin car insurance costs. Generally, younger and older drivers tend to pay higher premiums compared to drivers in their middle age. Here’s how age can influence car insurance costs:
- Young drivers (under 25): Statistically, young and inexperienced drivers are more likely to be involved in accidents. They are also prone to riskier driving behaviors, such as speeding or distracted driving. As a result, insurance companies consider them higher risk, and their premiums are typically more expensive.
- Middle-aged drivers (25-65): This age group is generally considered to be more experienced and responsible behind the wheel. They are statistically involved in fewer accidents and tend to have lower insurance premiums compared to younger and older drivers.
- Senior drivers (65 and older): As drivers get older, their risk profile may change due to factors such as declining vision, slower reflexes, and potential health issues. Insurance companies may increase premiums for older drivers to reflect these factors and the increased likelihood of accidents.
Here is a comparison of the amounts you can expect to pay based on age in Texas – young drivers will pay more on premiums until there is a significant drop in costs at age 29. Your auto policy continues to get cheaper until age 65 where it slowly starts increasing as you get older.
| Driver’s Age: | State Minimum Coverage | Full Coverage |
|---|---|---|
| 17 | $2,686 | $7,193 |
| 18 | $2,346 | $6,376 |
| 20 | $1,664 | $4,752 |
| 22 | $1,248 | $3,659 |
| 24 | $1,068 | $3,172 |
| 29 | $865 | $2,654 |
| 34 | $833 | $2,530 |
| 39 | $829 | $2,496 |
| 44 | $825 | $2,460 |
| 49 | $813 | $2,425 |
| 54 | $791 | $2,329 |
| 64 | $807 | $2,270 |
| 74 | $982 | $2,622 |
| 76 | $1,049 | $2,761 |
What Auto Insurance Policy Do I Need in Austin?
- Liability Insurance: This is the minimum required coverage in Austin, TX, and it covers the damages you cause to others in an accident. It includes bodily injury liability (covers medical expenses, pain and suffering, and lost wages) and property damage liability (covers repairs or replacement of damaged property).
- Personal Injury Protection (PIP): PIP coverage pays for medical expenses, lost wages, and other related costs for you and your passengers, regardless of who is at fault. Texas law requires insurers to offer PIP coverage, but you can decline it in writing.
- Uninsured/Underinsured Motorist Coverage (UM/UIM): This coverage protects you if you’re involved in an accident with a driver who doesn’t have insurance or has inadequate coverage. It helps pay for medical expenses, lost wages, and property damage.
- Collision Coverage: Collision coverage pays for damages to your vehicle resulting from a collision with another vehicle or object, regardless of fault.
- Comprehensive Coverage: Comprehensive coverage protects against non-collision incidents, such as theft, vandalism, natural disasters, and falling objects.
Factors Affecting Car Insurance Rates in Texas
- Driving record: Your driving history records, including accidents and traffic violations, significantly impacts your insurance rates.
- Age and gender: Younger and inexperienced drivers typically pay higher rates, while females tend to have lower rates compared to males.
- Vehicle type: The make, model, age, and safety features of your vehicle can affect insurance premiums.
- Location: Austin’s population density, traffic congestion, and crime rates can impact insurance rates and can change whether you’re in Austin, Round Rock, Westlake or Sunset Valley.
- Credit score: In Texas, insurance companies can consider your credit history when determining your rates for car insurance policies.
Find the Best Car Insurance Policy in Austin, TX
- Shop Around: Obtain quotes from multiple insurance providers to compare rates and coverage options. Insurance Quotes is your one stop for doing exactly this.
- Evaluate Deductibles: A higher deductible can lower your premiums, but ensure you can afford the out-of-pocket expenses if you need to file a claim.
- Bundle Multiple Insurance Types: Some insurance companies offer discounts if you purchase multiple policies in Texas, such as auto and home insurance.
- Ask about Discounts: Inquire about available discounts for good driving records, safety features in your vehicle, being a student, or completing defensive driving courses.
- Review Policy Limits: Ensure your coverage limits are sufficient to protect your assets in case of a significant accident.
What Car Insurance is Required in Texas
According to the Texas Department of Insurance, you must have enough insurance to cover the following minimum liability limits:
- $30,000 per person
- $60,000 per accident
- $25,000 for property damage
This is known as 30/60/25 coverage. You must carry proof of insurance at all times when you drive and show it to a police officer when asked, after an accident, when you renew your license or registration, and during you car inspection. If you don’t, you face a fine and potential license suspension.
Get Your Car Insurance Quotes
Car insurance is a vital aspect of responsible car ownership in Austin, TX. Understanding the various types of coverage available, factors affecting insurance rates, and utilizing tips for finding the best policy can help you navigate the car insurance landscape more effectively. By obtaining adequate coverage, you can have peace of mind and financial protection in the event of an accident or other unforeseen circumstances. Insurance Quotes can help you do all of this.
