Cheapest and Best Car Insurance in Amarillo, TX (June 2024)

In Amarillo, Texas, Texas Farm Bureau offers the cheapest minimum and full coverage, while State Farm is the most cost-effective for families with teens. The best for customer service is Chubb — it’s also the top overall for blending price and service — showing that optimal selection varies by personal needs and coverage.

Texas Farm Bureau offers the cheapest car insurance in Amarillo for minimum coverage policies.

• Texas Farm Bureau: $315 per year
• Mercury: $381 per year

Dairyland offers the most expensive minimum coverage policy in the city at $1,853 annually. This difference of $1,538 underscores the significance of comparing car insurance rates to ensure you're getting the best deal possible.

In every Texan city, Amarillo included, state law dictates the minimum car insurance coverage one must have:

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

For example, if you're at fault in an accident that injures another driver, your minimum coverage policy will cover up to $30,000 for their injuries. If multiple people are hurt, it can cover $60,000 for injuries per accident. However, should costs exceed these limits, you'd be responsible for paying the difference out of pocket.

Texas Farm Bureau offers the cheapest full coverage car insurance in Amarillo.

• Texas Farm Bureau: $820 per year
• State Farm: $981 per year

Dairyland has the most expensive full coverage policy in the city at $3,861 annually, a significant $3,041 difference with Texas Farm Bureau. This highlights the importance of comparing full coverage insurance, which tends to be pricier than minimum coverage due to its comprehensive protection.

Amarillo's full coverage car insurance bolsters liability coverage considerably compared with basic policies. It provides up to $100,000 in bodily injury protection, with a per-accident cap of $300,000 for multiple injured parties and a further $100,000 to cover any property damage attributed to an accident. This robust coverage model is known as as a 100/300/100 plan.

Full coverage policies also include:

• Collision Insurance: This covers repair costs for your car in the event of a vehicular collision or hitting an inanimate object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This steps in to cover vehicular damage stemming from incidents other than traffic collisions. This includes but is not limited to theft, vandalism and the rigors of extreme weather conditions. It also covers being struck by an animal like a deer.

Opting for full coverage insurance is highly recommended for those with newly acquired cars, acting as a financial shield for your asset. But this is usually required if you're leasing or have a car loan. The value proposition changes with older vehicles where the premium spike that comes with full coverage may overshadow its benefits. Deciding how much car insurance you need pivots on finding equilibrium: that is, offsetting the hike in premiums against the risk of being inadequately insured.

In Amarillo, for drivers with a history of traffic violations seeking full coverage policy, the most affordable insurance options vary based on the specific offense:

• Speeding ticket: Texas Farm Bureau ($820 per year)
• At-fault accident: State Farm ($1,205 per year)
• DUI: Texas Farm Bureau ($1,518 per year)

Dairyland tends to have the most expensive rates for all three offenses. More severe violations can lead to higher car insurance rates — the cost difference with Texas Farm Bureau after a speeding ticket and after a DUI in Amarillo is $698.

Insurance rates in Amarillo, as in other cities, escalate with the severity of one's driving violation due to the increased risk perceived by insurers. Drivers with a DUI in Amarillo face an average annual premium of $3,495, while those with a speeding ticket have a lower rate of $2,850. This substantial difference underscores the importance of comparing insurance rates for drivers with offenses.

Nationwide offers the cheapest full coverage car insurance for teens in Amarillo:

• Nationwide: $1,730 per year for female teens and $1,972 per year for male teens
• State Farm: $1,786 per year for female teens and $2,160 per year for male teens

These rates provide coverage for a combination of two parents and a teenage driver. Allstate has the highest annual premium for a family with a female teen at $6,855, indicating a significant price difference of $5,125 with Nationwide. Compare your options, particularly when adding a high-risk teen driver to your insurance policy.

In Amarillo, teens seeking car insurance may face steep premiums, with individual policies averaging $7,409 annually — nearly double the cost of being added to a family plan at $3,773. This difference is due to the higher risk insurers associate with inexperienced teen drivers, who are statistically more likely to be involved in accidents. Consequently, getting approved for an individual policy can be challenging due to these risk factors. Families can save on premiums and improve approval odds by choosing a joint policy.

Texas Farm Bureau offers the most affordable full coverage car insurance for individuals with a military background in Amarillo:

• Texas Farm Bureau: $820 per year
• State Farm: $981 per year

Although USAA's annual premium of $1,118 makes it the third-cheapest option, USAA specializes in serving those on active duty and tailors its services to fit their unique needs.

While searching for affordable car insurance rates in Amarillo, you could spend upwards of an hour comparing options at 15 minutes assessing each provider. To expedite this process, MoneyGeek's car insurance calculator offers immediate savings by zeroing in on key factors influencing premiums in the city. Input your age, driving history, credit score, coverage preferences and more to receive an accurate rate estimate swiftly.

Choosing the best auto insurance for you hinges on prioritizing what's most important to you — be that service, cost, coverage, or other factors. MoneyGeek's analysis has revealed the top car insurance providers in Amarillo for various needs, with each scored on a unique metric for its category.

• Best overall: Chubb (MoneyGeek score 89 out of 100)
• Best for service: Chubb (MoneyGeek score 92 out of 100)
• Best cheap: Chubb (MoneyGeek score 85 out of 100)

Chubb demonstrates exceptional value in Amarillo, excelling across the board by offering the best overall balance, premiere service and competitive affordability.

Chubb is the best option in Amarillo when seeking the best car insurance.

• Chubb: MoneyGeek score of 89 out of 100 ($1,893 per year)
• Foremost: MoneyGeek score of 75 out of 100 ($2,063 per year)

Chubb stands out particularly for customer satisfaction and affordability. These two areas are the largest contributors its high score, reflecting a superior customer experience and reasonable pricing for a full coverage policy.

Chubb is the best option in Amarillo for car insurance consumers seeking top-notch customer service. This is affirmed by its exemplary performance in overall customer satisfaction, claims handling and breadth of coverages offered — all considered independently of the associated premium rates.

• Chubb: MoneyGeek score of 92 out of 100 ($1,893 per year)
• Foremost: MoneyGeek score of 77 out of 100 ($2,063 per year)

Chubb distinguishes due to its excellent claims handling and robust offering of coverage options. Its stability and consistent customer satisfaction further reinforce their position as the premier choice for car insurance in Amarillo.

Chubb is the best option for affordable car insurance in Amarillo, balancing cost-efficiency and quality service. The MoneyGeek score takes into account not just the affordability of policies but also the customer satisfaction and claims handling prowess of the insurer, ensuring consumers get the best overall value.

• Chubb: MoneyGeek score of 85 out of 100 ($932 per year)
• Mercury: MoneyGeek score of 78 out of 100 ($381 per year)

Additionally, Chubb's advantageous position in the insurance market is solidified thanks to an outstanding stability score and coverage quality. These elements contribute to its ranking as the top provider for minimum coverage policies.

Regional costs affect car insurance. In Amarillo, Texas, the average car insurance premium stands at $1,728. This figure is slightly less than the overall Texas state average, which is $1,738. Despite being marginally cheaper, Amarillo's average still surpasses the national average car insurance cost of $1,720.

Location is significant in determining car insurance rates because it encompasses elements like accident rates, traffic density and theft statistics — all of which insurers consider when calculating risks and premiums. The city with the most expensive premium in Texas is Houston, at $2,113, while Wichita Falls is the cheapest, at $1,374. This difference of $739 illustrates the disparities in cost across urban environments. In less populated, non-city areas with lower traffic density, rates may be even lower.