Auto Insurance in Waco, TX
Auto insurance policies in Waco, Texas will vary based on different personal demographic factors, including your age, driving record, vehicle type, desired coverage limits, and the insurance provider you prefer.
We can help you compare car insurance quotes from the best insurance providers fast for Waco residents looking for affordable rates and car insurance coverage in Texas. To find cheap auto insurance in Waco, follow the easy steps in our guide to find average costs and save money.
How Much Does Car Insurance Cost in Waco?
Waco is a bustling city in central Texas located near the Brazos River and home to the Baylor Bears. McLennan and Falls County are home to over 280,000 people.
Drivers in Waco will on average pay around $1,162 yearly for state minimum coverage or $97 a month. If you are looking for a full coverage auto policy you can expect to pay around $1,704 per year or $140 a month.
Here is a the average state minimum coverage costs monthly by county and vehicle type from our 2023 cost database for Waco:
| County: | Car | SUV: | Sports: | Truck: | Hybrid: |
|---|---|---|---|---|---|
| Falls | $1,169 | $993 | $1,106 | $1,178 | $1,244 |
| Mclennan | $1,221 | $1,046 | $1,167 | $1,217 | $1,282 |
| Avg. Yearly Cost: | $1,195 | $1,020 | $1,137 | $1,198 | $1,263 |
| Avg. Monthly Costs: | $99.58 | $84.96 | $94.71 | $99.79 | $105.25 |
Cheapest Waco Auto Insurance Providers
The cheapest car insurance providers in Waco is USAA, Texas Farm Bureau, AAA and Progressive for the average middle-aged single person who drives a used 4 door car with a clean driving record.
Here is a breakdown from our cost database for yearly state minimum coverage and full coverage by insurance provider for a used vehicle:
| 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 |
Newer Vehicle Insurance Rates
The average cost for auto insurance for a new 2022 – 2023 four door vehicle on average will cost $738 for state minimum coverage and $2,656 for a full coverage policy. Below you’ll find a breakdown insurance providers for both coverage types on a new vehicle:
| 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 |
Car Insurance Costs by Age in TX
Age is a significant factor that affects TX auto insurance rates. Generally, younger and older drivers tend to pay higher premiums compared to drivers in the middle age group. Here’s how age can influence car insurance costs:
- Young drivers (under 25): Statistically, young and inexperienced drivers are more likely to be involved in accidents. They are also prone to riskier driving behaviors, such as speeding or distracted driving. As a result, insurance companies consider them higher risk, and their premiums are typically more expensive.
- Middle-aged drivers (25-65): This age group is generally considered to be more experienced and responsible behind the wheel. They are statistically involved in fewer accidents and tend to have lower insurance premiums compared to younger and older drivers.
- Senior drivers (65 and older): As drivers get older, their risk profile may change due to factors such as declining vision, slower reflexes, and potential health issues. Insurance companies may increase premiums for older drivers to reflect these factors and the increased likelihood of accidents.
Here is a comparison of the amounts you can expect to pay based on age in Texas – as you can see young drivers will pay much more on premiums until there is a significant drop in costs at age 29. Your auto policy continues to get cheaper until age 65 when it slowly starts increasing as you age.
| 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 |
How to Find Cheap Car Insurance Rates in Waco
When looking for cheap car insurance specific to Waco, Texas – There are some key points to consider so you know exactly what you should expect to pay and can find the best coverage options for your vehicle:
- Texas State Minimum Requirements: All drivers in Texas are required to have at least the state’s minimum liability insurance coverage. As mentioned earlier, the minimum liability coverage limits in Texas are often referred to as “30/60/25” ($30,000 for bodily injury per person, $60,000 for bodily injury per accident, and $25,000 for property damage per accident). Keep in mind that these are the minimum requirements, and additional coverage may be recommended for adequate protection.
- Personal Demographics: Insurance companies consider personal factors such as your age, gender, marital status, and driving record when determining your insurance premium. Younger drivers, inexperienced drivers, or individuals with a history of accidents or traffic violations may typically pay higher premiums.
- Type of Vehicle: The make, model, and age of your vehicle can affect your insurance rates. Typically, vehicles with a higher value or that are more expensive to repair or replace may have higher insurance premiums. Additionally, vehicles with certain safety features may qualify for discounts.
- Coverage Options: The types and levels of coverage you choose will impact your insurance costs. Adding comprehensive coverage, collision coverage, uninsured/underinsured motorist coverage, or additional liability coverage will increase your premiums.
- Deductible Amount: Your deductible is the amount you pay out of pocket before your insurance coverage applies. Choosing a higher deductible can lower your premium, but it’s important to ensure that you can comfortably afford the deductible amount if you need to make a claim.
- Choose the Best Insurance Provider: Different insurance companies may have varying rates and discounts. It’s recommended to shop around through our form to compare quotes from multiple insurance providers. You should also consider each provider’s overall reputation, customer service ratings, and coverage options.
To get accurate and up-to-date information on car insurance costs in Waco, Texas – the simplest way is to utilize InsuranceQuotes to find real time rates for your specific needs.
Insurance Providers in Waco, TX
There are many trusted insurance providers that serve most of Texas and have a reputation for providing high quality auto insurance at affordable rates. Here are some well-known insurance companies that you may consider:
- State Farm: State Farm is one of the largest insurance providers in the United States and offers a wide range of coverage options, including auto insurance. They have a strong presence in Texas and are known for their reliable customer service.
- GEICO: Geico is known for its competitive rates and ease of obtaining quotes online. They have a user-friendly website and provide a variety of coverage options for Texas drivers.
- Progressive: Progressive is another major insurance company with a strong presence in Texas. They are known for their Snapshot program, which allows drivers to earn discounts based on their driving habits in Waco.
- Allstate: Allstate is a well-established insurance provider that offers a range of coverage options, including auto insurance. They have a network of local agents across Texas and provide personalized customer service.
- USAA: USAA only serves members of the military and their families, offering a variety of insurance products, including auto insurance. They are known for their exceptional customer service and competitive rates.
It’s important to note that the best insurance provider for you may depend on your individual circumstances, driving history, and coverage needs. It’s recommended to obtain quotes from multiple insurance companies and compare their rates, coverage options, and customer reviews to find the provider that suits your requirements. InsuranceQuotes helps you compare multiple national providers as well as local options to find the best price.
State-Minimum Coverage for Texas
According to the Texas Department of Insurance, you must have enough insurance to cover the following state-minimum liability limits:
- $30,000 per person
- $60,000 per accident
- $25,000 for property damage
This is known as 30/60/25 coverage in Texas. 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 can face a fine and potential license suspension. It’s important to follow all local TX driving laws to avoid costly driving violations.
