Full Coverage Insurance Texas
Auto insurance is a big purchase, but finding cheap comprehensive insurance in Texas isn’t always easy. It is therefore important to compare the rates of several insurers.
Texas, The Lone Star State, has 17.4 million registered drivers, but 22 million registered cars. That’s 1.25 cars per driver (compare to California with 0.55 cars per driver).
This could mean that Texas drivers have an advantage in owning a second vehicle. If they have a car accident, they have a replacement. However, that’s no reason not to buy car insurance.
The following information will provide you with the basics of what you need to know to make an informed decision about buying affordable full coverage insurance in Texas.
Driving in Texas
Texas law requires drivers to provide proof that they can pay for the accidents they cause. Most motorists do this by purchasing automobile liability insurance.
Liability insurance pays for the repair or replacement of the other driver’s car or other damaged property and covers other people’s medical expenses if you are at fault in an accident.
If you still owe money on your car, your lender will require you to have collision and comprehensive insurance.
Auto insurance is mandatory in the state of Texas. Before you get in the car and hit the streets, do your research. Learn about general car insurance levels and the main types of car insurance.
Best Cheap Full Coverage Insurance in Texas
The Cheapest Comprehensive Insurance in Texas for 20-Year-Old Drivers
Young drivers may have to research many quotes to find cheap car insurance. Prices can be extortionate for 20-year-olds but tend to drop as drivers gain more experience on the road.
To cut costs, young drivers should consider purchasing government-mandated insurance instead of all-risk insurance.
Still, some companies routinely have lower insurance rates for drivers in their 20s, so it’s best to shop around for them.
Many insurance companies offer savings opportunities for young drivers, such as good student discounts or premium discounts for those taking a defensive driving course.
If you live in an apartment, consider getting renters insurance and full coverage from the same company to take advantage of the bundled discounts.
Texas drivers with a clean driving record should consider the following companies that have the lowest average prices:
- Texas Agricultural Bureau: $2,084 per year.
- Geico : $2,314 per year.
- State Farm : $2,959 per year.
- Houston General: $3,132 per year.
- Nationwide : $3,149 per year.
The Cheapest Comprehensive Insurance in Texas for 30-Year-Old Drivers
By age 30, most drivers enjoy cheaper car insurance rates than they did in their teens and twenties. Still, factors such as a person’s driving history and the make and model of the car can drive up prices.
Motorists in their thirties can get lower prices by browsing and taking advantage of car insurance discounts. You can potentially save money by insuring multiple vehicles with the same carrier or by bundling your auto policy with your home insurance.
Also, look for discounts based on your profession or affiliation; some insurers offer cheaper insurance rates for teachers, the military, or graduates of certain universities.
Texas drivers with a clean driving record can get the lowest rates from these companies:
- Geico: $1,143 per year.
- Republic Group: $1,371 per year.
- Domestic : $1,394 per year.
- Texas Farm Bureau: $1,418 per year.
- Insurance: $1,432 per year.
The cheapest comprehensive insurance in Texas for drivers over 40
Drivers in their 40s tend to have better insurance rates than their younger counterparts, but still pay more than older age groups. If you’re looking for cheap car insurance deals from multiple insurers, your best bet is to find lower rates.
Good drivers who don’t sit behind the wheel often should consider per-mile insurance, which calculates the number of miles they drive.
Ask about discounts when you sign up for Autopay, pay your premium in full instead of quarterly or monthly, and opt for electronic statements.
If you own your home, you must be insured by the company that offers your car insurance. Most operators offer bundled discounts.
Texas drivers with clean driving records should consider the following companies that had the lowest average prices:
- Geico : $1,130 per year.
- Republic Group: $1,310 per year.
- Domestic : $1,355 per year.
- Texas Farm Bureau: $1,361 per year.
- Insurance : $1,365 per year.
The cheapest car insurance in Texas for drivers over 50
Drivers over 50 have, on average, cheaper car insurance rates than most other age groups. Prices will continue to drop as they approach 60 and gain more driving experience.
Prices may still vary depending on other factors such as the gender and location of the driver. So it’s wise to look around for the cheapest price you can find.
Some insurers offer senior discounts to policyholders over 50, but some require you to take a defensive driving course to recoup the savings.
If you have been with your insurer for many years, you may qualify for a loyalty discount. Still, it’s a good idea to check in with other companies regularly to make sure you’re not paying too much.
Texas drivers with a clean driving record may want to get quotes from these insurers that have the lowest average prices:
- Geico : $1,056 per year.
- Republic Group: $1,177 per year.
- Insurance : $1,257 per year.
- Domestic : $1,273 per year.
- Texas Farm Bureau: $1,323 per year.
The cheapest comprehensive insurance in Texas for drivers over 65
Although 65-year-olds have cheaper car insurance rates on average than many other age groups, prices will rise as they get older. To find cheap senior car insurance, drivers in their 60s should look for the lowest rate.
Drivers in this age group should also take advantage of any senior citizen discounts. For example, some companies will lower your price if you take a defensive driving course.
You might also be able to save money after you retire by driving fewer miles each year.
Finally, determine if you need all the coverage you currently have. For example, if you don’t come to work every day, you might not need a rental refund if your car is in the shop for repairs.
Texas drivers with a clean driving record should consider getting quotes from these companies that have the lowest average prices:
- Geico : $1,080 per year.
- Texas Farm Bureau: $1,113 per year.
- Republic Group: $1,153 per year.
- domestic: $1,245 per year.
- Houston General: $1,309 per year.
The cheapest comprehensive insurance for military families
If you’re an active member of the military, a veteran, or have a close family member, you’re likely getting a relatively cheap rate with USAA, a company that’s closed to the public.
Because of this limitation, USAA isn’t ranked among the rest, but it was in the top five cheapest comprehensive insurance options for 34 of the 40 driver profiles we looked at.
What are the minimum requirements for full insurance in Texas?
Under the Texas Consumer Bill of Rights for auto insurance, the minimum coverage required for the state of Texas is proof that you can pay for the accident. However, most drivers choose to purchase liability insurance. This means that in Texas you must buy at least the following:
- $30,000 bodily injury/death liability insurance per person.
- $60,000 Bodily Injury/Accidental Death Liability Insurance.
- $25,000 Property Damage Liability Insurance per accident.
- Policies must include Personal Protection (PIP) and Uninsured Motorist Protection (UM/UIM) unless you decline this coverage in writing.
Comprehensive insurance covers the cost of damage, injury, or death you cause in a car accident, up to the limits set out in your policy.
If you cause an accident, liability insurance will cover the treatment of bodily injury and property damage up to your limit. It does not pay for your injuries or vehicle repairs.
In many cases, the minimum legal insurance is insufficient to cover the costs in the event of an accident. For example, if you add up someone’s luxury car, the cost of repairs can easily exceed a ceiling of $25,000.
Any damage that exceeds your limits must come out of your pocket. For this reason, most drivers are advised to choose higher limits such as 100/300/50.
What is the minimum coverage for full coverage insurance in Texas?
In Texas, the minimum auto insurance premium averages $782 per year. That’s about half the average cost of $1,738 for full coverage.
Half the cost means you are not fully insured. Texas is a breakdown state, so don’t jump into the cheapest full-coverage insurance available.
Drivers in debt are responsible for reimbursing other drivers for their losses. All-risk insurance ensures that you and the other driver are insured.
When you have the security of comprehensive coverage to protect you in case you and another driver lose money, it means you won’t be using your savings to pay for expenses.
Of course, the cost of your auto insurance will depend on many different factors, including your age, where you live, and your driving history.
Some people only get the bare minimum, while others prefer the comfort and security of superior protection.
Is there a discount for car insurance in Texas?
Although not required by law, insurance companies in Texas offer discounts to good drivers. Drivers can get these discounts based on their policies, the drivers themselves, and the types of vehicles they drive.
Since there is no standard discount or legal requirement, you should contact your insurer for details of the Good Driver discount.
After reaching a certain status, discounts can range from 2% to 30%. With a clean driving report, you could see discounts of up to 30%, more than in many other states.
Some possible qualification requirements are:
- Long-term customer loyalty
- Clean driving report
- Drivers over 50 who take an approved defensive driving course. (Texas law requires insurers to provide this discount if the driver’s course is completed.)
- Through continuous insurance
- Timely payment of premiums
- Learner drivers with an average grade of “B” or better
- Drive a vehicle with safety features such as airbags, anti-lock brakes, and daytime running lights.
- Driving a vehicle with an anti-theft system such as LoJack or steering locks.
What are the full coverage insurance laws in Texas?
Texas full coverage insurance laws were put in place to protect drivers and their vehicles. In addition, the laws provide for fair pricing between auto insurers and you as the policyholder.
Mandatory auto insurance for all Texans protects drivers in the event of an unforeseen accident and encourages safe driving behavior.
Some insurance companies offer deep discounts for safe driving, which is a great way to lower the cost of your comprehensive insurance premiums.
It is important to follow the law and have your vehicles covered. Some drivers break Texas law and don’t carry insurance.
By insuring yourself and other drivers in your household, you are protected against those who violate the insurance mandate. In the event of an accident, you are well equipped to protect yourself and others.
What are the full coverage insurance alternatives in Texas?
If you have trouble getting insurance in Texas, contact the Texas Automobile Insurance Plan Association. This can help connect you with a company that has you covered.
There are legally permitted alternatives you can choose to demonstrate your financial responsibility, including:
- Filing of a letter of guarantee with the Ministry of Public Security. You must post a bond with at least two people called “guarantors” who own property in the state.
- The property offered in the bond must be at least as high as the sums insured that are required by the state’s statutory minimum liability insurance.
- Make a deposit of $55,000 in cash or securities with the State Comptroller.
- Provide a $55,000 security deposit with the district court where your vehicle is registered, either in cash or cashier’s check.
- Eligibility for a self-insurance certificate from the Department of Public Safety. You agree to pay up to the minimum amount of liability insurance if you cause an accident with one of your cars. This option applies if you own 25 or more vehicles.