2/6/2024
Auto insurance is not only a legal requirement in Texas, but also a vital protection for you and other drivers on the road. This state has an extensive network of highways, but unfortunately, it also has a high rate of automobile accidents.
According to data from the Texas Department of Transportation there is more than one accident per minute in the state, leaving one person injured every little more than two minutes. Sadly, there is a fatality every two hours.
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These statistics highlight the need for adequate auto insurance. Drivers should make sure they have sufficient coverage for bodily injury, property damage, hit and run, as well as comprehensive coverage for uninsured and underinsured driving.
Here we show you the most affordable car insurances in the state of Texas, so you can get basic coverage affordably.
Cheapest Car Insurances in Texas
State Farm and Texas Farm Bureau are the companies with the cheapest full coverage policies, with annual rates of $699 and $760 respectively.
However, the price can vary significantly depending on the city. For example, in San Angelo, State Farm offers the cheapest insurance with an average price of $640 per year.
It is important to know that the costs of this type of contract can vary depending on the driver's history. For example, companies like State Farm often offer more affordable average annual premiums for policyholders with a history of speeding violations.
The most common amounts range around $700 per year. In other words, if you are such a driver, you may be able to find competitive options compared to what other companies offer.
Each insurer makes an individual evaluation
Therefore, when comparing prices it is key to take into account not only the cost, but also your personal driving history. These have a significant influence on the final amount you will have to pay for the policy you select.
In addition, it is important to consider that the minimum coverage requirements in Texas are just a starting point. It may be advisable to consider raising your coverage limits to obtain broader protection. Opting for higher levels of coverage will ensure greater peace of mind in the event of any eventuality.
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It is worth analyzing whether it is appropriate to voluntarily increase your minimum coverage and thus ensure greater peace of mind in case it is necessary to resort to your policy.
For example, in Texas, you should have:
$30,000 in liability coverage for each injured person, as a minimum, up to a total of $60,000 per accident.
$25,000 for property damage per accident.
Finally, it is important to remember that the best rated auto insurer may not be the best for every driver profile. Therefore, one step that should not be missing in your evaluation is to compare quotes from several before committing to a policy.
Factors Affecting the Cost of Car Insurance in Texas
Although you know which companies offer insurance at the best prices, you should keep in mind that the cost of this service varies according to several factors. Here are some of the most common ones:
- Age and gender: young and male drivers often face higher premiums due to their higher road accident rates.
- Driving record: a clean, accident-free driving record can help you get lower premiums, while drivers with prior violations or accidents may face higher rates.
- Type of vehicle: vehicles that are more expensive to repair or have a higher risk of theft tend to have higher premiums.
- Location: where you are located can also influence the cost of your insurance. Areas with higher accident or theft rates may have higher premiums.
- Coverage and deductibles: the amount of coverage you choose and the deductible you are willing to pay can also affect the cost of your insurance, the more protection and the lower the deductible, the higher the price.
Driving in Texas requires having adequate auto insurance that meets legal requirements and provides you with the necessary protection. Compare options from different insurance companies and consider the factors that affect the cost of the policy to get the best rate.
Español: Seguros de auto más baratos en Texas