GITNUX MARKETDATA REPORT 2024

Statistics About The Most Affordable Car Insurance In Texas

The most affordable car insurance in Texas typically ranges from $700 to $1,000 per year for full coverage.

With sources from: insurance.com, forbes.com, nerdwallet.com, autoinsurance.org and many more

Statistic 1

The average cost of car insurance in Texas is $1415 per year.

Statistic 2

USAA presents the cheapest rates for military personnel and their families, with an average annual premium of $817.

Statistic 3

State Farm offers the lowest rates for Texas drivers with bad credit standing at an average of $1848 per year.

Statistic 4

The average rates for full-coverage auto insurance in Texas is $2028 per year.

Statistic 5

Texas drivers over 40 years can secure minimum liability insurance for an average cost of $525 annually.

Statistic 6

Progressive remains cheapest for Texas drivers with accidents.

Statistic 7

The average auto insurance rate for teenagers in Texas is $8,226 annually.

Statistic 8

GEICO can be the cheapest option for senior drivers in Texas, offering average annual rates of $855.

Statistic 9

Texas drivers can have an average of 15% savings if they bundle their auto and homeowner's insurance.

Statistic 10

Car insurance rates for married drivers in Texas can be 5% lower compared to single drivers.

Statistic 11

The cheapest auto insurance for a family with a teen driver in Texas is offered by Texas Farm Bureau, with an average price of $2,489 annually.

Statistic 12

Texas drivers with a clean driving record pay an average of $64 per month for minimum coverage.

Statistic 13

Dallas, Texas, drivers pay an average of $1,944 annually for car insurance.

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In this post, we analyze valuable statistics related to car insurance in Texas, shedding light on average costs, best rates for specific demographics, and potential savings strategies for drivers in the Lone Star State. From insights on rates for military personnel and teenagers to the impact of credit standing and bundling insurance policies, this analysis aims to inform Texas drivers on optimizing their car insurance choices.

Statistic 1

"The average cost of car insurance in Texas is $1415 per year."

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Statistic 2

"USAA presents the cheapest rates for military personnel and their families, with an average annual premium of $817."

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Statistic 3

"State Farm offers the lowest rates for Texas drivers with bad credit standing at an average of $1848 per year."

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Statistic 4

"The average rates for full-coverage auto insurance in Texas is $2028 per year."

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Statistic 5

"Texas drivers over 40 years can secure minimum liability insurance for an average cost of $525 annually."

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Statistic 6

"Progressive remains cheapest for Texas drivers with accidents."

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Statistic 7

"The average auto insurance rate for teenagers in Texas is $8,226 annually."

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Statistic 8

"GEICO can be the cheapest option for senior drivers in Texas, offering average annual rates of $855."

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Statistic 9

"Texas drivers can have an average of 15% savings if they bundle their auto and homeowner's insurance."

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Statistic 10

"Car insurance rates for married drivers in Texas can be 5% lower compared to single drivers."

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Statistic 11

"The cheapest auto insurance for a family with a teen driver in Texas is offered by Texas Farm Bureau, with an average price of $2,489 annually."

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Statistic 12

"Texas drivers with a clean driving record pay an average of $64 per month for minimum coverage."

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Statistic 13

"Dallas, Texas, drivers pay an average of $1,944 annually for car insurance."

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Interpretation

In conclusion, the statistics on car insurance in Texas highlight a wide range of average annual premiums depending on various factors such as age, driving record, credit standing, and insurance bundling. USAA and State Farm offer the cheapest rates for military personnel, drivers with bad credit, and drivers over 40, respectively, while Progressive is the best option for those with accidents on their record. Additional insights include potential savings through bundling insurance policies, lower rates for married drivers, and varying premiums based on location within Texas. These statistics underscore the importance of shopping around and comparing rates to find the most affordable car insurance option tailored to individual circumstances.

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