Who Has the Cheapest Car Insurance in Austin, Texas? - ValuePenguin
Best cheap car insurance companies in Austin, TX
Cheapest car insurance in Austin: Fred Loya Insurance
Austin drivers looking for full coverage should get a quote from Fred Loya Insurance.
The average cost of full coverage in Austin is $224 a month, or $2,690 per year, but Fred Loya Insurance charges only $95 per month, or $1,144 annually. That's a savings of $1,546 per year.
You should also get quotes from State Farm for full coverage. State Farm has a much stronger customer service reputation than Fred Loya Insurance, and coverage costs only $13 more each month.
USAA is a great option for members of the armed forces and their families. Their customer service is excellent, and rates are only $12 more per month than what Fred Loya Insurance charges.
Cheapest full coverage car insurance in Austin
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Cheapest liability insurance quotes in Austin: State Farm
State Farm has the best rates for Austin drivers seeking minimum coverage.
The average annual rate in Austin is is $979, but State Farm customers pay 39% less — just $595 per year, or $50 per month.
Fred Loya Insurance has the second-best rates for Austin drivers, at $53 per month. Nationwide comes in third, charging $74 per year. If you're looking for affordable minimum coverage in Austin, get quotes from these three companies.
Best cheap minimum-coverage car insurance rates
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Cheapest car insurance for young drivers: Fred Loya Insurance
Average auto insurance rates for full coverage in Austin are $4,473 more expensive for an 18-year-old driver than for a 30-year-old driver.
| Fred Loya Insurance | $310 |
| State Farm | $335 |
| Geico | $394 |
| Chubb | $586 |
| Dairyland | $697 |
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Young drivers should stay on their parents' insurance if at all possible. If not, start by getting quotes from Fred Loya Insurance and State Farm. Fred Loya's quotes are 48% cheaper than the city's average and State Farm's are 44% cheaper. State Farm offers a good student discount and a student-away-at-school discount that can help young drivers save even more.
Cheapest car insurance for people who've gotten a speeding ticket: Fred Loya Insurance
A speeding ticket in Austin increases the average cost of full coverage by $193, making it the least costly violation you can have on your record. An at-fault accident raises rates by $1,561, while a DUI raises them by $1,925.
In fact, Fred Loya Insurance and State Farm do not raise rates at all for a speeding ticket. This means they are 60% and 55% cheaper than the city's average, respectively.
If you're looking for quotes after a speeding ticket, start with those two companies.
Best Autsin car insurance after a speeding ticket
| Fred Loya Insurance | $95 |
| State Farm | $108 |
| Chubb | $221 |
| Geico | $222 |
| Nationwide | $227 |
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Cheapest car insurance in Austin after causing an accident: Fred Loya Insurance
The cheapest auto insurance for Austin drivers who have been at fault for an accident comes from Fred Loya Insurance, State Farm and Geico. Rates from these three insurers average $2,141 annually for full coverage. That's about 50% less than the average cost in Austin of $4,251.
Just one at-fault accident can raise the cost of insurance. Rates in Austin go up by 58%, on average, after an at-fault accident.
Cheapest auto insurance after an accident
| Fred Loya Insurance | $120 |
| State Farm | $128 |
| Geico | $289 |
| Nationwide | $291 |
| Chubb | $377 |
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Cheapest car insurance for drivers with a DUI: Fred Loya Insurance
Driving under the influence of alcohol raises your rates by 72% in Austin.
If you have gotten a DUI citation, start with quotes from Fred Loya Insurance, State Farm and Dairyland. Rates from these three companies are 45% cheaper than the city's average, which is $4,615 annually for full coverage after a DUI.
Cheapest Austin car insurance after a DUI
| Fred Loya Insurance | $161 |
| State Farm | $167 |
| Dairyland | $305 |
| Geico | $326 |
| Nationwide | $372 |
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Cheapest car insurance for drivers with poor credit: Fred Loya Insurance
Some insurance companies will see a low credit score as a sign of increased risk and raise your rates. The average cost of full coverage for Austin drivers with poor credit is $3,360. To put that in perspective, drivers with average credit pay $2,234. And drivers with very good credit pay $1,726 on average.
Fred Loya Insurance is the exception to this rule. The company charges the same rates, no matter what your credit score is. Full coverage from Fred Loya Insurance costs $95 per month.
Cheapest Austin car insurance for poor credit
| Fred Loya Insurance | $95 |
| State Farm | $167 |
| Nationwide | $213 |
| Geico | $260 |
| Chubb | $288 |
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Cheapest car insurance for married drivers: Fred Loya Insurance
Fred Loya Insurance has the cheapest rates for married drivers in Austin. They charge just $1,047 per year for full coverage. That's $1,403 less expensive than the average rate for married drivers in the city and $97 less expensive than the company's average rate for single drivers.
Insurance companies often charge married drivers lower rates than single drivers. Average rates in Austin are $240 cheaper per year for married drivers.
Cheapest for married couples in Austin
| Fred Loya Insurance | $87 |
| State Farm | $108 |
| Nationwide | $174 |
| Geico | $192 |
| Chubb | $221 |
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Best car insurance companies in Austin
| USAA | |
| State Farm | |
| Geico | |
| Nationwide | |
| Chubb | |
| MetLife | |
| Texas Farm Bureau | |
| Allstate | |
| Progressive | |
| Fred Loya Insurance | |
| Dairyland | |
Average car insurance cost in Austin, by ZIP code
Residents of Austin ZIP code 78737 pay the lowest average rates, while residents of ZIP code 78741 pay the highest rates. Companies set rates based on factors like traffic, crime rates and the number of uninsured drivers in a given area.
| 78617 | $2,840 | $1,035 |
| 78653 | $2,747 | $1,013 |
| 78701 | $2,666 | $960 |
| 78702 | $2,792 | $1,008 |
| 78703 | $2,643 | $956 |
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Auto theft statistics in Austin
ValuePenguin's review of 2020 FBI crime data found that Austin residents have a four in 1,000 chance of having their car stolen. Out of the 11 most populous cities in Texas, Austin has the seventh-highest rate of car theft.
| 1 | Dallas | 1,363,295 | 10,257 | 7.5 |
| 2 | Houston | 2,355,606 | 13,098 | 5.6 |
| 3 | San Antonio | 1,559,166 | 7,781 | 5.0 |
| 4 | Lubbock | 259,208 | 1,225 | 4.7 |
| 5 | Fort Worth | 915,237 | 3,335 | 3.6 |
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What's the best car insurance coverage in Austin?
ValuePenguin gathered quotes from nine of the largest auto insurance companies in Texas. State Farm offers the cheapest minimum coverage in Austin, at an average rate of $50 per month. However, the cheapest full coverage comes from Fred Loya Insurance, with an average rate of $95 a month.
Austin is one of the most populous cities in Texas, and residents pay slightly higher auto insurance rates because of that risk. The average cost of minimum liability car insurance in Austin is $979, while the statewide average is $926.
Depending on the company you choose, rates for full coverage in Austin differ by more than $4,000 per year. That's why it's good to get multiple quotes before buying a policy.
Cheap rates make minimum liability coverage attractive, but you should be aware that minimum coverage offers no protection for your own car. These policies are affordable because they only pay for damage to the other driver or their property.
Full coverage auto insurance includes collision and comprehensive, which protect your own car.
- Comprehensive coverage: Covers damage to your car from something other than a collision, such as a fallen tree branch, a wild animal or storm damage
- Collision coverage: Pays for repairs to your car after a collision with another driver or an object, no matter who is responsible for the accident.
It's a good idea to increase your coverage limits above the required minimums if you can afford it.
Methodology
This ValuePenguin study pulled thousands of quotes from nine of the largest insurance companies in Texas. Rates are for full coverage unless otherwise noted.
The quotes are for full coverage for a 30-year-old man who drives a 2015 Honda Civic EX and has an average credit score.
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Personal injury protection | $10,000 |
| Property damage liability | $25,000 per accident |
| Uninsured and underinsured motorist bodily injury | $50,000 per person and $100,000 per accident |
| Comprehensive and collision | $500 deductible |
Quadrant Information Services supplied the insurance rate data used in this analysis. Rates were publicly sourced from insurance company filings and should be used solely for comparative purposes. Your own quotes will likely differ based on your own driving history, credit score, age and gender.
Who Has the Cheapest Car Insurance in Austin, Texas? - ValuePenguin
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