The average cost of car insurance in Amarillo per year is $1,277. That is about $39 less than the state average. The cheapest company in the city is Farmers, with average rates of about $743 per year. MoneyGeek ranked the most affordable auto insurance carriers in Amarillo by driving history and coverage level to help drivers looking for high-quality, low-cost coverage get the best policy for their needs.
Compare the Cheapest Car Insurance Quotes in Amarillo, TX
The Cheapest and Best Car Insurance in Amarillo
The Cheapest Car Insurance Companies in Amarillo
On average, the cheapest insurance carriers for a full coverage car insurance policy in Amarillo are:
- Farmers: $743 per year
- State Farm: $833 per year
MoneyGeek gathered Amarillo’s average car insurance costs from a sample 40-year-old male driver with a full coverage policy that includes both liability insurance and comprehensive and collision insurance.
Average Cost of Car Insurance in Amarillo
Car insurance premiums are pretty reasonable in Amarillo compared to many cities in the U.S. The average annual price here is $1,277, which is 3% less than the state average and 10.3% cheaper than the national average.
The Best Car Insurance Companies in Amarillo
Amarillo drivers looking for affordable, high-quality car insurance coverage will find MoneyGeek’s ranking of the best companies in the city handy. Based on MoneyGeek’s scoring system, the best car insurance companies in the city for most drivers are:
- GEICO: MoneyGeek score of 85 out of 100
- State Farm: MoneyGeek score of 85 out of 100
USAA received the highest score in Amarillo by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek scored the companies out of 100 using various factors, such as the J.D. Power financial stability, affordability and customer satisfaction ratings.
Personalized Quotes to Get You the Cheapest Car Insurance in Amarillo
To compute average car insurance premiums in Amarillo, companies assess multiple factors, including your age, gender, car make and model and marital status. For example, in Amarillo, Farmers’ average yearly rate for a 40-year-old driver is $743. This rate may increase or decrease as this driver ages and his circumstances change. Therefore, it’s a great idea to compare car insurance quotes at regular intervals to find the best coverage for your current driver profile.
Shopping around for car insurance in Amarillo could save you $534, which is enough to buy:
Cheapest Car Insurance in Amarillo by Coverage Amount
In Amarillo and elsewhere, car insurance costs depend on the coverage amount purchased. Specifically, a minimum liability coverage plan costs an average of $545 per year, while full coverage insurance with higher limits costs roughly $1,277, a difference of $732 per year.
Texas Minimum Liability Requirements
- Bodily Injury and Property Damage$30,000 per person, $60,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
In Amarillo, Farmers offers affordable car insurance in the form of 50/100/50 liability-only and full-coverage policies. The 50/100/50 limit indicates the policy will cover $50,000 for medical bills per person, $100,000 for injuries per vehicle and $50,000 for property damage. Farmers’ full-coverage package in Amarillo is more comprehensive and costs $338 more than liability-only coverage within the same limits.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Amarillo if You Have Driving Violations
Safe driving is always advisable because you’ll decrease your auto insurance premiums. In Amarillo, Farmers customers with a speeding ticket need to shell out an average of $230 more per year for their policy than drivers with a clean record. Likewise, those with an at-fault accident on their record need to pay $307 more annually on average, while drivers with a DUI violation end up paying an average of $340 more yearly.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Your ZIP code is also a factor that determines your auto insurance costs. This is because carriers consider elements such as the number of car thefts, accidents and uninsured motorists in your neighborhood. In Amarillo, drivers in ZIP code 79107 need to pay an average of $45 more per year for their car insurance than drivers in ZIP code 79109.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Amarillo
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Amarillo. How Amarillo ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Amarillo are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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