Car insurance is a crucial aspect of owning and operating a vehicle in Austin, Texas. Not only is it a legal requirement, but it also provides financial protection in case of accidents, theft, or other unforeseen events. We provide a comprehensive guide to car insurance in Austin including the types of coverage available, average policy costs, factors affecting insurance rates, and tips for finding the best car insurance policy. As a local business located in Austin, InsuranceQuotes can help you save time and money on your auto policy and more.
How much can you expect to pay for car insurance in the city of Austin? We’ve broken down the data to help you get a good idea. The average cost for car insurance in Austin for is $1,238 a year or $103 a month for state minimum coverage. The amount you will pay depends on personal demographics, driving records, car type and any driver discounts the provider applies to your policy quotes.
Here is a recent breakdown of auto insurance costs in Austin and Round Rock by county:
Insurance Costs by Austin County: | Car: | SUV: | Coupe: | Truck: | Hybrid: |
---|---|---|---|---|---|
Bastrop | $1,291 | $1,102 | $1,225 | $1,296 | $1,366 |
Caldwell | $1,291 | $1,102 | $1,225 | $1,296 | $1,366 |
Hays | $1,301 | $1,119 | $1,243 | $1,302 | $1,369 |
Travis | $1,280 | $1,104 | $1,229 | $1,278 | $1,342 |
Williamson | $1,200 | $1,032 | $1,148 | $1,195 | $1,256 |
Average Rates: | $1,273 | $1,092 | $1,214 | $1,273 | $1,340 |
The cheapest car insurance providers in Austin, Texas as of 2023 are USAA, AAA, and Progressive for the average middle-aged, single person driver with a clean driving record. Our data comes from drivers with the common 4 door vehicles like a Toyota Camry, Honda CR-V, or Nissan Titan truck.
Here is a breakdown from our cost database for yearly state minimum coverage and full coverage by insurance provider for a used vehicle owner in ATX below:
Insurance Provider: | State Minimum: | Full Coverage: |
---|---|---|
USAA | $568 | $1,910 |
Texas Farm Bureau | $638 | $2,025 |
AAA | $763 | $2,284 |
Progressive | $782 | $2,472 |
GEICO | $908 | $2,424 |
State Farm | $942 | $2,610 |
All State | $1,292 | $2,750 |
The average cost for auto insurance for a new 2022 – 2023 vehicle on average will cost $738 for state minimum coverage and $2,656 for a full coverage policy – which most people will need if they are utilizing an auto loan to pay it off. Below you’ll find a breakdown of the most affordable insurance providers for a newer 4 door vehicle for both coverage types:
Insurance Provider: | State Minimum: | Full Coverage: |
---|---|---|
USAA: | $530 | $2,280 |
GEICO: | $838 | $2,588 |
AAA: | $763 | $2,672 |
Progressive: | $720 | $2,766 |
State Farm: | $838 | $2,974 |
Age is a significant factor that affects Austin car insurance costs. Generally, younger and older drivers tend to pay higher premiums compared to drivers in their middle age. Here’s how age can influence car insurance costs:
Here is a comparison of the amounts you can expect to pay based on age in Texas – young drivers will pay more on premiums until there is a significant drop in costs at age 29. Your auto policy continues to get cheaper until age 65 where it slowly starts increasing as you get older.
Driver’s Age: | State Minimum Coverage | Full Coverage |
---|---|---|
17 | $2,686 | $7,193 |
18 | $2,346 | $6,376 |
20 | $1,664 | $4,752 |
22 | $1,248 | $3,659 |
24 | $1,068 | $3,172 |
29 | $865 | $2,654 |
34 | $833 | $2,530 |
39 | $829 | $2,496 |
44 | $825 | $2,460 |
49 | $813 | $2,425 |
54 | $791 | $2,329 |
64 | $807 | $2,270 |
74 | $982 | $2,622 |
76 | $1,049 | $2,761 |
According to the Texas Department of Insurance, you must have enough insurance to cover the following minimum liability limits:
This is known as 30/60/25 coverage. You must carry proof of insurance at all times when you drive and show it to a police officer when asked, after an accident, when you renew your license or registration, and during you car inspection. If you don’t, you face a fine and potential license suspension.
Car insurance is a vital aspect of responsible car ownership in Austin, TX. Understanding the various types of coverage available, factors affecting insurance rates, and utilizing tips for finding the best policy can help you navigate the car insurance landscape more effectively. By obtaining adequate coverage, you can have peace of mind and financial protection in the event of an accident or other unforeseen circumstances. Insurance Quotes can help you do all of this.