Average Cost of Car Insurance in Texas in 2024 | Bankrate (2024)

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Average Cost of Car Insurance in Texas in 2024 | Bankrate (1)Written by

Grace Kim

Average Cost of Car Insurance in Texas in 2024 | Bankrate (2)Edited by

Amelia Buckley

Average Cost of Car Insurance in Texas in 2024 | Bankrate (3)Edited by

Amelia Buckley

Updated Aug 01, 2024

In Texas, the average annual cost stands at $2,426 for full coverage car insurance, while minimum coverage averages at $693.

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Average Cost of Car Insurance in Texas in 2024 | Bankrate (4)

Average Cost of Car Insurance in Texas in 2024 | Bankrate (5)

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How much is car insurance in Texas?

In Texas, the car insurance rates hover close to the national average. Full coverage averages $2,426 annually, while minimum coverage sits at $693 per year. The national averages for full and minimum coverage are $2,348 and $639, respectively. Your own rate will vary from these averages. The final rate that each Texan might pay takes into account personal factors such as age, gender and credit rating, as well as vehicle specifics like its age, make and model.

Key takeaways

  • If you opt for monthly insurance payments in Texas, car insurance averages at $202 for full coverage and $58 for minimum coverage.
  • Teen drivers pay some of the highest average rates in Texas: 16-year-old drivers on their parents' policies pay an average of $5,250 per year for full coverage.
  • Texas drivers with excellent credit pay an average of $2,111 yearly for full coverage; those with poor credit average $5,971.

What would you like to do today?

Texas car insurance rates by city

The average car insurance rate in Texas varies based on where you live. City dwellers often pay more for car insurance because of the higher traffic density and higher likelihood of accidents, as opposed to sparsely-populated rural areas. Crime rates and local weather patterns can also influence rates by ZIP code.

CityAvg. monthly full coverage premiumAvg. annual full coverage premiumAvg. savings vs. state average

Auto insurance rates are known to fluctuate frequently, but you can rely on Bankrate to offer you the latest options available.

Rates refreshed as of Sep 2024

Read our full methodology

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Average car insurance costs by age and gender in Texas

Car insurance rates vary by individual because insurance companies look at risk when calculating your premium. While some states prohibit the use of age in insurance rating, Texas does not. Data indicates that certain groups are more likely to be involved in accidents. Teen drivers in Texas, due to their limited driving experience, typically face higher car insurance rates than those in their 20s and 30s.

Gender also plays a role in car insurance rates in Texas. Historically, male drivers have displayed riskier driving behaviors compared to females, leading to slightly elevated rates for men.

The rates by age provided in the subsequent tables outline the costs for drivers on their individual policies, while the young drivers table highlights rates when they remain on their parents' policy.

Age

Avg. monthly full coverage premium in Texas

Avg. annual full coverage premium in Texas

Age 16*

Avg. monthly full coverage premium in Texas

$460

Avg. annual full coverage premium in Texas

$5,521

Age 18

Avg. monthly full coverage premium in Texas

$591

Avg. annual full coverage premium in Texas

$7,096

Age 20

Avg. monthly full coverage premium in Texas

$473

Avg. annual full coverage premium in Texas

$5,670

Age 25

Avg. monthly full coverage premium in Texas

$280

Avg. annual full coverage premium in Texas

$3,358

Age 30

Avg. monthly full coverage premium in Texas

$228

Avg. annual full coverage premium in Texas

$2,733

Age 40

Avg. monthly full coverage premium in Texas

$208

Avg. annual full coverage premium in Texas

$2,501

Age 50

Avg. monthly full coverage premium in Texas

$196

Avg. annual full coverage premium in Texas

$2,349

Age 60

Avg. monthly full coverage premium in Texas

$189

Avg. annual full coverage premium in Texas

$2,265

Age 70

Avg. monthly full coverage premium in Texas

$207

Avg. annual full coverage premium in Texas

$2,484

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

Auto insurance rates are known to fluctuate frequently, but you can rely on Bankrate to offer you the latest options available.

Rates refreshed as of Sep 2024

Read our full methodology

Age

Avg. monthly full coverage premium in Texas

Avg. annual full coverage premium in Texas

Age 16*

Avg. monthly full coverage premium in Texas

$415

Avg. annual full coverage premium in Texas

$4,980

Age 18

Avg. monthly full coverage premium in Texas

$539

Avg. annual full coverage premium in Texas

$6,467

Age 20

Avg. monthly full coverage premium in Texas

$409

Avg. annual full coverage premium in Texas

$4,906

Age 25

Avg. monthly full coverage premium in Texas

$259

Avg. annual full coverage premium in Texas

$3,105

Age 30

Avg. monthly full coverage premium in Texas

$218

Avg. annual full coverage premium in Texas

$2,616

Age 40

Avg. monthly full coverage premium in Texas

$196

Avg. annual full coverage premium in Texas

$2,351

Age 50

Avg. monthly full coverage premium in Texas

$184

Avg. annual full coverage premium in Texas

$2,210

Age 60

Avg. monthly full coverage premium in Texas

$184

Avg. annual full coverage premium in Texas

$2,211

Age 70

Avg. monthly full coverage premium in Texas

$197

Avg. annual full coverage premium in Texas

$2,368

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

Auto insurance rates are known to fluctuate frequently, but you can rely on Bankrate to offer you the latest options available.

Rates refreshed as of Sep 2024

Read our full methodology

Bankrate’s take:Car insurance rates often differ between genders, primarily rooted in statistical analyses of driving behavior and risk. Historical data suggests that male drivers, particularly younger ones, are more likely to engage in riskier driving behaviors and have a higher likelihood of being involved in serious accidents. This propensity for risk often results in higher premium rates for male drivers in many states. Conversely, female drivers tend to have fewer accidents and traffic violations, often leading to lower premium rates. However, it’s a must to mention that insurance companies use a combination of factors, including location, vehicle type and individual driving history to determine rates. Gender is just one of the many components in this intricate calculation.

Cost considerations for young drivers in Texas

Young drivers in Texas face higher average premiums than their older counterparts. In general, the younger and more inexperienced a driver is, the more likely they are to be involved in an auto accident or traffic violation. Insurance companies balance out this increased risk by charging young drivers higher premiums. Young drivers can usually save money by remaining insured on their parents' policy even after they turn 18.

The table below shows the average full coverage rates for young drivers on their own policies compared to those on their parents' policy:

Age

Avg. annual premium for drivers in TX

Age 16*

Avg. annual premium for drivers in TX

$5,250

Age 17

Avg. annual premium for drivers in TX

$4,942

Age 18

Avg. annual premium for drivers in TX

$4,545

Age 19

Avg. annual premium for drivers in TX

$4,107

Age 20

Avg. annual premium for drivers in TX

$3,866

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

Rates refreshed as of Sep 2024

Read our full methodology

Age

Avg. annual premium for drivers in TX

Age 18

Avg. annual premium for drivers in TX

$6,781

Age 19

Avg. annual premium for drivers in TX

$5,824

Age 20

Avg. annual premium for drivers in TX

$5,288

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

Rates refreshed as of Sep 2024

Read our full methodology

AgeAvg. annual premium difference for drivers on their own policy
Age 1849 percent more
Age 1942 percent more
Age 2037 percent more

*18- and 20-year-old are renters on their own policies with no discounts applied

How does driving record impact the cost of car insurance in Texas?

Car insurance rates in Texas vary significantly based on your driving record. A moving violation can lead to a spike in your premium, especially if you don't have accident forgiveness included in your policy. DUIs are typically the most costly offense, but severe speeding tickets or multiple accidents can also put drivers in the high-risk category. If you have a DUI or other severe driving infraction, there is no guarantee that a carrier will offer you coverage. The best way to gauge eligibility is by requesting personalized quotes.

Driving incident

Avg. annual premium* in Texas

Percentage increase from Texas avg. annual premium*

Clean driving record

Avg. annual premium* in Texas

$2,426

Percentage increase from Texas avg. annual premium*

0%

Speeding ticket conviction

Avg. annual premium* in Texas

$2,777

Percentage increase from Texas avg. annual premium*

14%

At-fault accident

Avg. annual premium* in Texas

$3,831

Percentage increase from Texas avg. annual premium*

58%

DUI conviction

Avg. annual premium* in Texas

$3,699

Percentage increase from Texas avg. annual premium*

52%

*The table above compares driving records with different incidents and highlights how much, on average, these incidents tend to raise rates. *The rates reflected are for full coverage policies.

Rates from Sep 2024

Read our full methodology

Car insurance rates in Texas by credit tier

In Texas, your credit history will influence your coverage costs. Drivers with poor credit generally pay more for coverage because they are more likely to file claims.

Credit tier

Avg. annual premium* in Texas

Percentage difference from Texas avg. annual premium*

Poor

Avg. annual premium* in Texas

$5,971

Percentage difference from Texas avg. annual premium*

146%

Average

Avg. annual premium* in Texas

$2,906

Percentage difference from Texas avg. annual premium*

20%

Good

Avg. annual premium* in Texas

$2,426

Percentage difference from Texas avg. annual premium*

0%

Excellent

Avg. annual premium* in Texas

$2,111

Percentage difference from Texas avg. annual premium*

-13%

*Rates reflect full coverage policies.

Rates from Sep 2024

Read our full methodology

Texas car insurance rates by vehicle type

The type of car you drive has an impact on your car insurance rates in Texas. Your insurer will look at crash statistics for your car and consider what safety features are installed. It will look at how often cars like yours are stolen as well as how often they are involved in accidents. Some cars, such as sports cars, are often more expensive to repair or replace, and this usually makes them more expensive to insure.

Vehicle

Avg. annual premium* in Texas

Toyota Camry

Avg. annual premium* in Texas

$2,426

Ford F-150

Avg. annual premium* in Texas

$2,314

Honda Odyssey

Avg. annual premium* in Texas

$2,114

BMW 330i

Avg. annual premium* in Texas

$2,872

Toyota Prius

Avg. annual premium* in Texas

$2,556

*Rates reflect full coverage policies.

Rates from Sep 2024

Read our full methodology

Estimate your car insurance cost in Texas

Car insurance is highly personalized. You can get a more precise premium estimate using the tool below.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

An incident means you were at-fault for an accident, ticketed or summoned to court.

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These factors have the largest impact on your payment and are used to provide a personalized estimate. Based on the state you live in, some rating factors may not apply.

Why we're asking

We calculated your estimate by comparing your provided details to data from similar drivers. Our estimate assumes 2020 Toyota Camry, 12,000 miles annually, and 100/300/50 liability limits with $500 comprehensive and collision deductibles.

Methodology

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Advertising disclosure

This advertisem*nt is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisem*nt are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisem*nt. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Powered by Coverage.com (NPN: 19966249)

Advertising disclosure

This advertisem*nt is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisem*nt are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisem*nt. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How to save on car insurance in Texas

Although the average full coverage car insurance cost in Texas is $2,426 per year, you may be able to pay less by taking a few simple steps:

  • Utilize discounts. Texas drivers can access discounts from almost all insurance companies. Some are offered for simply bundling your car insurance with home or renters insurance, or you may earn a discount for driving safely. Ask your agent or check online to see what discounts your company offers.
  • Practice safe driving while behind the wheel. Texas drivers who avoid accidents and the subsequent claims are more likely to pay a low rate. An at-fault accident, speeding ticket conviction or DUI raises rates significantly. Consider taking a defensive driving course if you're not sure about your skills.
  • Gather several quotes. One key recommendation by experts is to shop around when considering a new policy. Obtaining free quotes and comparing rates can help drivers find which auto insurance company will offer them the lowest premiums for the coverage they seek. When doing this, make sure to specify the same types and limits of coverage on each quote.
  • Review your policy each year. If there have been any changes in your life in the past year — such as a move to a new location or job switch that means a shorter commute — it may be worthwhile to review your coverage selections and compare quotes from other carriers.

Frequently asked questions

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

Methodology

Bankrate utilizes Quadrant Information Services to analyze September 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 202 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.

Average Cost of Car Insurance in Texas in 2024 | Bankrate (2024)
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