Car insurance is an important purchase, but finding cheap full coverage insurance in Texas is not always easy. It is therefore important to compare the tariffs of several insurers.
Texas, The Lone Star State, has 17.4 million registered drivers but a staggering 22 million registered cars. That’s 1.25 cars per driver (compare California with 0.55 cars per driver).
That could mean Texas drivers have an advantage in owning a second vehicle. If they are in a car accident, they have a replacement. However, this is hardly a reason not to take out auto 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 evidence that they can pay for the accidents they cause. Most motorists do this by taking out car 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 responsible for an accident.
If you still owe money on your car, your lender will require you to have collision and fully comprehensive insurance.
Car insurance is mandatory in the state of Texas. Before you get in the car and hit the street, do your research. Find out about the levels of general car insurance and the main types of car insurance.
Best Cheap Full Coverage Insurance in Texas
Cheapest Full Coverage Insurance in Texas for 20-Year-Old Drivers
Young drivers may have to seek out many quotes to find cheap auto insurance. Prices can be sky-high for younger 20-year-olds but tend to drop as drivers get more experience on the road.
To reduce costs, young drivers should consider taking out government-mandated insurance instead of fully comprehensive insurance.
Still, some companies routinely have lower insurance rates for drivers in their twenties, so it’s best to shop around to find them.
Many insurance companies offer savings opportunities for young drivers, such as good student discounts for students or premium discounts for those who take a defensive driving course.
If you live in an apartment, consider getting your tenants and Full Coverage Insurance with the same company to take advantage of bundle discounts.
Texas drivers with clean driving records should consider the following companies that had the lowest average prices:
- Texas Farm 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.
Cheapest Full Coverage Insurance in Texas for 30-Year-Old Drivers
By the age of 30, most drivers enjoy cheaper car insurance rates than they did in their teens and 20s. Still, factors such as a person’s driving history and the make and model of the car can add to prices.
Motorists in their 30s can get lower prices by browsing and taking advantage of discounts on car insurance. You can potentially save by insuring several vehicles with the same carrier or by bundling your car policy with your home insurance.
Also, look out for discounts based on your occupation or affiliation; some insurers offer cheaper insurance rates for teachers, members of the military, or graduates of certain universities.
Texas drivers with clean driving records may get the lowest rates from these companies:
- Geico: $1,143 per year.
- Republic group: $1,371 per year.
- National: $1,394 per year.
- Texas Farm Bureau: $1,418 per year.
- Ensurance: $1,432 per year.
Cheapest Full Coverage Insurance in Texas for 40-Year-Old Drivers
Drivers in their 40s tend to have better insurance rates than their younger counterparts, but still pay more than older age groups. If you are looking for cheap car insurance deals with multiple insurers, your best bet is to find lower rates.
Good drivers who don’t often sit behind the wheel should consider pay-per-mile insurance, which calculates how many kilometers 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 should ensure it with the company that offers your auto insurance. Most carriers offer bundle discounts.
Texas drivers with clean driving logs should think of the following companies that had the lowest average prices:
- Geico: $ 1,130 per year.
- Republic group: $1,310 per year.
- National: $1,355 per year.
- Texas Farm Bureau: $1,361 per year.
- Ensurance: $1,365 per year.
Cheapest car insurance in Texas for 50-year-old drivers
Drivers over 50 have, on average, cheaper car insurance rates than most other age groups. Prices will continue to drop as they get towards 60 years of age and gain more driving experience.
Prices can still vary based on other factors such as the gender and location of the driver. So it is wise to look around to find the cheapest price that you can find.
Some insurers offer senior discounts to policyholders over the age of 50, but some require you to take a defensive driving course in order to snag the savings.
If you have been with your insurer for many years, you can receive a loyalty discount. Still, it’s a good idea to check with other companies regularly to make sure you’re not overpaying.
Texas drivers with clean driving records may want to get quotes from these insurers that have had the lowest average prices:
- Geico: $1,056 per year.
- Republic Group: $1,177 per year.
- Ensurance: $1,257 per year.
- National: $1,273 per year.
- Texas Farm Bureau: $1,323 per year.
Cheapest Full Coverage Insurance in Texas for 65-Year-Old Drivers
Although 65-year-olds have cheaper car insurance rates on average than many other age groups, prices will rise as they age. To find cheap senior car insurance, drivers in their mid-60s should look for the lowest rate.
Drivers of this age group should also take advantage of any discounts for seniors. For example, some companies will discount your price if you take a defensive driving course.
You may also be able to save money after you retire by driving fewer kilometers each year.
Finally, consider whether you need all of the coverage you currently have. For example, if you don’t commute to work every day, you may not need a rental reimbursement if your own car is in the workshop for repairs.
Texas drivers with clean driving records should consider getting quotes from these companies that had the lowest average prices:
- Geico: $1,080 per year.
- Texas Farm Bureau: $1,113 per year.
- Republic Group: $1,153 per year.
- National: $1,245 per year.
- Houston General: $1,309 per year.
Cheapest Full Coverage insurance for military families
If you’re an active member of the military, or a veteran, or have an immediate family member that is, you are likely getting a relatively cheap rate with USAA, a company that is closed to the public.
Because of this limitation, USAA is not ranked among the others, but it was among the top five cheapest Full Coverage Insurance options for 34 of the 40 driver profiles we examined.
What Are the Minimum Requirements for full coverage Insurance in Texas?
Under the Texas Consumer Bill of Rights for Auto Insurance, the minimum required coverage for the state of Texas is proof that you can pay for the accident. However, most drivers choose to take out liability insurance. This means that in Texas you must buy at least the following:
- $30,000 personal injury / death liability insurance per person.
- $60,000 personal injury / death liability insurance per accident.
- $25,000 property damage liability insurance per accident.
- The policies must include personal protection (PIP) and uninsured motorist protection (UM / UIM), unless you reject this insurance in writing.
Full coverage insurance covers the cost of damage, injury or death that you cause in a car accident, up to the limits set out in your policy.
If you cause an accident, liability insurance will take care of personal and property damage treatment up to your limit. It doesn’t pay for your own injuries or vehicle repairs.
In many cases, the minimum statutory insurance is insufficient to cover 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 cap of $25,000.
Any damage that exceeds your limits must come out of your own pocket. Because of this, it is advisable for most drivers to choose higher limits such as 100/300/50.
What is the minimum coverage for Full Coverage Insurance in Texas?
In Texas, the minimum car insurance premium averages $782 per year. That’s roughly half the average cost of $1,738 for full coverage.
Half the cost means you are not fully insured. Texas is a fault state so doesn’t jump into the cheapest Full Coverage Insurance available.
Debt drivers are responsible for reimbursing other drivers for their losses. The fully comprehensive insurance guarantees that you and the other driver are insured.
When you have the security of full coverage to protect you in the event that you and another driver both lose money, it means you won’t be using your savings to pay out expenses.
Of course, your car insurance cost 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 higher protection.
Is There a Discount for Car Insurance in Texas?
While not required by law, Texas insurance providers offer discounts for 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 need to contact your insurance provider to find out the details of the Good Driver Discount.
Upon reaching a certain status, discounts can range from as little as 2% up to 30%. With a clean driving report, you could see discounts of up to 30%, more than many other states.
Some possible qualification requirements are:
- Long-term customer loyalty
- Clean driving report
- Drivers over 50 who are completing an approved defensive driving course. (Texas law requires insurers to provide this discount if the driving course is successfully completed.)
- Through continuous insurance
- Punctual premium payment
- Learner drivers with an average grade of “B” or better
- Driving 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 wheel 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 motor insurers and you as the policyholder.
Compulsory car insurance for all Texans protects drivers in the event of an unexpected accident and promotes safe driving behavior.
Some insurance companies offer significant discounts for safe driving, which is a great way to lower the cost of your Full Coverage Insurance premiums.
It is important to obey the law and have your vehicles covered. There are drivers who break Texan law and do not take out insurance.
By keeping yourself and other drivers in your household insured, you are protected against those who fail to meet the insurance mandate. If an accident does occur, you are well equipped to protect yourself and others.
What are the Full Coverage Insurance alternatives in Texas?
If you’re struggling to get insurance in Texas, contact the Texas Automobile Insurance Plan Association. It can help connect you with a company that has you covered.
There are legally permissible alternatives you can choose to demonstrate your financial responsibility, including:
- Filing a letter of guarantee with the Department of Public Safety. You must submit the deposit together with at least two people called “guarantees” 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 statutory minimum liability insurance of the state.
- Make a deposit of $55,000 in cash or securities with the state comptroller.
- Provide a security deposit of US$ 55,000 with the district court where your vehicle is registered, either in cash or by 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.
Conclusion
Getting cheap Full Coverage Insurance in Texas may sound great, but this cheap plan can come at a price when you need it most. You want car insurance that is affordable, but more importantly – reliable in case you have an accident.
It’s more than just a legal requirement. Insurance is an inexpensive way to protect you against the enormous risks of everyday driving in Texas.
References
- Texas Car Insurance | Liberty Mutual
- Texas Auto Insurance – Cheap Car Insurance Texas | Freeway
- Cheapest Car Insurance in Texas – NerdWallet
- Texas Car Insurance Coverage – Allstate
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