Cheap Car Insurance in Austin, TX (2023) (2024)

The cost of car insurance in Austin can be different for each person and can depend on the insurance companies you consider. According to our data, the cost of the minimum coverage in Austin is about 23 percent more than the national average. It’s a good idea to check different options from time to time to find the best price.

We’ve reviewed the cheapest car insurance companies on a variety of factors including minimum- and full-coverage insurance costs. In this article, we aim to help you find affordable providers for car insurance in Austin, whether or not you have any accidents on your record.

Key Points:

• Our rate data shows the cheapest minimum coverage starts at $35 per month in Austin for good drivers.
• The cheapest full-coverage insurance starts at $128 per month for good drivers.
• The cheapest auto-insurance companies include State Farm and Texas Farm Bureau, which offer the cheapest minimum and full coverage, respectively.

The Best Cheap Car Insurance In Austin

State Farm, GEICO, Texas Farm Bureau, and USAA make up our list of the best car insurance providers in Austin, Texas. These providers offer competitive rates for minimum- and full-coverage car insurance. They also provide a broad range of coverage options and excellent customer service.

Car Insurance Companies Austin

*All cost tables within this article represent average car insurance rates for the driving profile of a single, male driver aged 25 to 35 with good credit and a clean driving history. Rate data was sourced from Quadrant Information Services.

Car Insurance Quotes Austin

If you cause an accident in Austin, the minimum car insurance coverage will pay for the damages to other people. Our data shows minimum coverage costing about $69 per month or $824 per year in Austin. Compared to the national average, this is about 23 percent more expensive.

A full-coverage car insurance policy repairs damages to your own car that come from car accidents or the environment. Our data shows that full coverage costs about $211 per month or $2,534 per year in Austin on average. Compared to the national average cost of car insurance, Austin is about 14 percent more expensive.

Cheap Liability Insurance Companies In Austin

Minimum coverage is the cheapest type of insurance in Austin. We recommend shopping from State Farm and GEICO since our data shows they offer the cheapest, minimum auto-insurance rates. Good drivers can find monthly rates of $35 from State Farm and $45 from GEICO.

Cheap Full-Coverage Car Insurance In Austin

Our rate data shows that Texas Farm Bureau offers the cheapest full-coverage insurance in Austin with rates of $128 per month. State Farm ($130 per month) and GEICO ($134 per month) are also affordable.

Full coverage includes liability, comprehensive, and collision insurance. If you have an auto loan, your lender will ask you to get full insurance coverage. This is important because it protects your car in almost all situations.

How Driver Profiles Affect Austin Car Insurance Quotes

Your car insurance cost is determined by your own situation. Because of how car insurance works, your driving history, age, vehicle, credit score, and even Austin ZIP code influence your rate. Insurance companies take into account various factors when determining the rates for drivers, which means that the insurance company that offers the lowest price for you may not necessarily be the most affordable option for your neighbor. Let’s now examine some examples.

Austin Car Insurance Rates By ZIP Code

In Austin, the rates of accidents, vandalism, and thefts can vary a little from one ZIP code to another. These differences can impact the price you pay for car insurance. The table below shows how average rates can increase by 4.5 percent or decrease by 4.7 percent depending on the ZIP code in Austin.

Does Credit Score Affect Car Insurance in Austin?

Many states permit insurance companies to consider credit scores when determining rates because there is a connection between having a lower score and a higher chance of making a claim. If you have a poor credit score in Austin, you may have to pay higher insurance rates. However, having a credit score that is better than the average can help reduce your rates.

Cheapest Car Insurance In Austin For Bad-Credit Drivers

If your credit score is not as good as it used to be, we suggest that you compare insurance rates from different providers. USAA offers affordable rates for drivers with poor credit at $77 per month for minimum coverage or $320 per month for full coverage.

Austin Car Insurance Cost: Age

Teenagers have to pay more expensive car insurance because they are more prone to taking risks while driving. Teen drivers tend to have more accidents and traffic violations, which is why insurance companies charge them higher rates. In Austin, 16-year-olds on their own insurance policy pay about $307 per month for minimum coverage or $859 per month for full coverage.

As teens age into their 20s and beyond, their rates decrease. Car insurance is usually cheapest for drivers from 35 to 55 years old. Seniors may pay slightly higher rates because of an increase in accident risk.

Take a look at how the average prices for both basic and comprehensive insurance in Austin change depending on your age.

Cheapest Car Insurance Companies In Austin For Teen Drivers

Although auto insurance for teenagers can be costly, certain companies provide more affordable options compared to others. For example, Texas Farm Bureau is one of the cheapest options for teens with minimum coverage rates of $123 per month or full-coverage rates of $291 per month. GEICO and State Farm are two more affordable options for 16-year-olds.

How Driving Records Affect Austin Car Insurance Costs

If you have caused accidents or received speeding tickets in the past, it is likely that your car insurance cost will be higher. On average, accidents and tickets increase your rates for three years. Our data shows that drivers with a speeding ticket pay 17 percent more for insurance, while an accident can increase rates by 66 percent and a DUI or DWI by 54 percent.

Each insurance company sets their own rates based on their unique methods of calculating price hikes. Our data shows State Farm, GEICO, and USAA are affordable for drivers with different types of violations. Below are average rates for drivers with a speeding ticket, at-fault accident, or DUI.

Cheapest Car Insurance In Austin For A Speeding Ticket

Which insurance company has the best rates if you’ve gotten a speeding ticket? Our rate data shows drivers can find low minimum coverage rates from State Farm at $35 per month on average. They can find the cheapest full-coverage rates at Texas Farm Bureau, at $128 per month.

Cheapest Car Insurance In Austin For An At-Fault Accident

At-fault accidents can increase your insurance rates more than speeding tickets can in most cases. State Farm is the cheapest minimum-coverage option here with average monthly rates of $42. For full-coverage insurance, State Farm offers cheap rates of $150 per month. You can see there’s a big difference between the cheapest and most expensive companies below.

Cheapest Car Insurance In Austin For A DUI

If you’re found guilty of driving under the influence (DUI), it can seriously affect your record and make your insurance rates go up by hundreds of dollars every year. Sometimes, regular insurance companies may refuse to cover you if you have multiple DUIs and other offenses.

If you have a DUI in Austin, the cheapest company for minimum coverage is State Farm. You can find rates as low as $60 per month. The cheapest full-coverage option is State Farm with average monthly rates of $198.

Car Insurance Requirements In Austin

A minimum-coverage policy includes bodily injury liability coverage and property damage liability coverage. The state of Texas requires drivers to carry insurance policies that meet or exceed the following requirements:

• $60,000 bodily injury liability per accident
• $30,000 bodily injury liability per person
• $25,000 property damage liability per accident

Types Of Car Insurance Coverage

Cheap Car Insurance In Austin: Our Take

On average, Austin drivers pay about 23 percent more than the national average. But if you know where to go shopping, you can find cheaper prices. Looking at full- and minimum-coverage rates across for a variety of situations, we recommend State Farm, Texas Farm Bureau, USAA, and GEICO for the cheapest Austin auto insurance.

To find your cheapest rates in Texas, compare free quotes from different companies. We recommend getting at least three quotes each time you shop for insurance.

Cheapest Auto Insurance In Austin: FAQ

Here are some frequently asked questions about the cheapest auto insurance in Austin:

How much is car insurance in Austin?

According to our rate data, good drivers in Austin pay about $69 per month or $824 per year for minimum-coverage insurance on average. Full-coverage insurance rates are around $211 per month or $2,534 per year.

Is car insurance higher in Austin?

The average full-coverage insurance cost in Austin is about $2,534 per year. This is about 8 percent higher than the Texas average of $2,540 and 14 percent higher than the national average of $2,216.

How much is car insurance in Texas per month?

The average cost of minimum-coverage car insurance in Texas is $64 per month or $762 per year. Full-coverage auto insurance is $212 per month or $2,540 per year.

What is the best car insurance company in Texas?

The best car insurance company in Texas is State Farm, receiving a score of 4.7 out of 5. Our score is based on a combination of costs, coverage, reliability, and service.

Our Review Process

Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:

• Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
• Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
• Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
• Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.

*Insurance rate data was sourced from Quadrant Information Services and accurate at the time of publication.

*Read more about our methodology.