If you're shopping for the best car insurance in Austin, Texas, it's important to understand the state's minimum coverage requirements as well as optional policies. Your cost will vary depending on the amount of liability coverage you purchase and whether you need comprehensive and collision insurance. Review this guide to find the ideal Austin auto insurance coverage for your needs.
Minimum Austin Texas Insurance Requirements
Texas requires drivers to have at least $30,000 per person and $60,000 per accident in bodily injury insurance and $25,000 in property damage liability insurance. The insurance company notates this amount as 30/60/25. Bankrate recommends protecting your personal assets by upgrading to 100/300/100 in liability coverage.
Average Austin Texas Insurance Cost
Drivers in Austin pay an average of $1218 per year for car insurance, according to insurance website QuoteWizard. This represents a 7.5 percent savings over the $1316 average annual insurance cost for Texas drivers and 14.5 less than U.S. drivers pay overall ($1424 per year).
Average Auto Insurance Cost by Austin ZIP Code
According to the finance website MoneyGeek, the average auto insurance premium for Austin drivers ranges from $1162 to $1271, depending on the zip code. Drivers in the most affordable zip code, 78704, have auto insurance premiums that average more than $100 less than those who live in the most expensive insurance zip code of 78741. The website reports the average cost for state minimum annual coverage by zip code:
- $1162 in 78704
- $1188 in 78758
- $1194 in 78745
- $1203 in 78748
- $1252 in 78753
- $1258 in 78744
- $1271 in 78741
Best Auto Insurance Companies in Austin
J.D. Power's 2020 U.S. Auto Insurance Customer Satisfaction Study ranked these insurance companies as the best in Texas for customer satisfaction, cost, and customer service, according to Bankrate. Their customer satisfaction scores out of 1000 are:
- Nationwide: 820
- Allstate: 832
- State Farm: 844
- GEICO: 846
- USAA: 878
According to QuoteWizard, Austin auto insurance customers most frequently requested quotes from Allstate, Farmers Insurance, GEICO, Progressive, State Farm, AAA, Esurance, Country Financial, Liberty Mutual, Nationwide, USAA, American Family, AAA, Hartford, 21st Century, Texas Farm Bureau, Safeco, MetLife, and Travelers Insurance.
Most Affordable Austin Auto Insurance by Provider
Auto insurance website The Zebra reports these average annual auto insurance rates by provider for Austin, Texas, drivers:
- AAA: $1010
- Allstate: $1130
- Esurance: $1055
- Farmers Insurance: $798
- The General: $2512
- Mercury: $1303
- Nationwide: $1166
- GEICO: $910
- State Farm: $865
- USAA: $854
- MetLife: $1432
MoneyGeek reports that these companies have the cheapest annual minimum coverage policies for Austin drivers:
- AAA: $515
- Allstate: $561
- Esurance: $626
- Farmers Insurance: $409
- State Farm: $469
- USAA: $413
- The General: $1214
- MetLife: $623
- Mercury: $673
- Nationwide: $625
These companies have the most affordable annual rates for full coverage in Austin:
- AAA: $1010
- Allstate: $1130
- Esurance: $1055
- Farmers Insurance: $798
- GEICO: $910
- State Farm: $865
- USAA: $854
- The General: $2512
- MetLife: $1432
- Mercury: $1303
- Nationwide: $1166
Average Auto Insurance Cost by Age in Austin, Texas
With an average annual policy cost of $3653, drivers in their teens pay approximately $1800 more per year for auto insurance than drivers in their 20s, according to The Zebra. Young drivers have the highest insurance rates because of their high risk of auto accidents compared to drivers in other age groups. Austin drivers in their 50s and 60s have the lowest premiums, paying an annual average of $1236 and $1280, respectively. Drivers in their 30s pay an average of $1401 per year, which decreases slightly to $1363 for drivers in their 40s. Those who are still driving in their 70s see an average premium increase to $1578 per year.
Average Auto Insurance Cost by Gender and Marital Status in Austin, Texas
You can save about $95 on your auto insurance as a married driver in Austin compared to the average insurance rate for single drivers. Widowed drivers also pay lower rates than single drivers. Men pay about $10 more annually for auto insurance in Austin than women.
Average Austin Auto Insurance Cost after a Collision or Ticket
Drivers who maintain clean records pay lower auto insurance rates. The Zebra reports these average Austin auto insurance rates for drivers who have common violations:
- $1545 for a speeding ticket for driving 16 to 20 miles per hour over the speed limit
- $1811 after an at-fault collision with damages less than $1000
- $2160 after an at-fault collision with damages exceeding $2000
- $2213 for a reckless driving ticket
- $2230 after an arrest for driving while intoxicated
MoneyGeek reports that these companies offer the most affordable rates for Austin drivers after a DUI, accident, or speeding ticket:
- AAA: $1531, $1456, $1317
- Allstate: $1786, $1706, $1130
- Esurance: $1055, $2329, $1055
- The General: $2806, $3187, $2512
- Mercury: $1698, $2160, $1662
- Farmers Insurance: $1172, $1134, $1046
- Nationwide: $2016, $1676, $1341
- GEICO: $1583, $1283, $1066
- State Farm: $1478, $1049, $865
- USAA: $1265, $1336, $959
- MetLife: $3406, $3043, $1432
Average Austin Auto Insurance Rates by Credit Score
You can save a significant amount of money by maintaining a good credit score. The Zebra reports these average rates by credit tier for Austin drivers:
- $1170 per year with excellent credit
- $1320 per year with very good credit
- $1424 per year with good credit
- $1776 per year with fair credit
- $3017 per year with very poor credit
When you're seeking the best car insurance in Austin, Texas, consider the factors that influence your policy cost. Your premium amount will vary based on the amount of coverage you want to purchase, the type of vehicle you drive, your driving history, your Austin zip code, your age, and your gender. Comparing quotes from various insurance companies can help you find the most affordable rates for your individual characteristics.
Check this out if you need additional information, resources, or guidance on car insurance.
Sources:
Compare the Cheapest Car Insurance Quotes in Austin, TX | moneygeek.com
Best car insurance in Texas for 2021 | bankrate.com
Best Auto Insurance Rates in Austin, Texas | quotewizard.com
Austin, TX Car Insurance | thezebra.com
Car Insurance | caranddriver.com
Average Auto Insurance Rates by Age and Gender | caranddriver.com
Hearst Autos Research
Hearst Autos Research, produced independently of the Car and Driver Editorial staff, provides articles about cars and the automotive industry to help readers make informed purchasing choices.
