Compare the Cheapest Car Insurance Quotes in Austin, TX

The average cost of car insurance in Austin is $1,218 per year, lower than the annual average in Texas. The cheapest option for typical Austin drivers is Farmers at $798. MoneyGeek analyzed the cheapest by coverage levels and driving history. To help those focused on both quality service and cost, MoneyGeek also ranked the best companies in Austin.

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The Cheapest and Best Car Insurance in Austin

The Cheapest Car Insurance Companies in Austin

In terms of affordability, the top companies for a full coverage auto insurance policy in Austin are:

  • Farmers: $798 per year
  • USAA: $854 per year (only available to current and former military members)

Based on average premiums, Farmers offers the most affordable rate among car insurance companies in Austin with an annual premium of $798. This is $420 less than the city average. Drivers who have this policy also pay less than one-third as much as those who have a similar policy from The General, which is the most expensive car insurance company in Austin.

In terms of affordability, the top five options in the city are Farmers, USAA, State Farm, Geico and AAA. The General has the highest premium at $2,512.

For this study, MoneyGeek used average insurance rates for a 40-year-old male driver with a full coverage policy. This includes liability insurance as well as comprehensive and collision insurance.

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Average Cost of Car Insurance in Austin

Austin$1,218
Texas$1,316
U.S.$1,424

The average car insurance rate in Austin is $1,218 annually, which is slightly lower than both the state and national average cost. Drivers in Austin pay 7.5% less than the average annual cost of car insurance in Texas, which is $1,316. Meanwhile, Austin drivers pay 14.5% less than the $1,424 annual premium in the United States.

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The Best Car Insurance Companies in Austin

Drivers looking for a balance of affordability and quality service can consider MoneyGeek’s ranking of the best companies in Austin. Based on the study, the best auto insurers 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 Austin 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 used various factors, including J.D. Power satisfaction, affordability and financial stability to calculate the final scores.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

3
State Farm
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

4
Auto Club of Southern California Insurance Group
Score:85

5/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

5
Allstate
Score:80

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

6
Progressive
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

7
Nationwide
Score:80

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

8
Farmers
Score:78

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

9
Liberty Mutual
Score:73

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

Personalized Quotes to Get You the Cheapest Car Insurance in Austin

Car insurance companies in Austin consider various factors before finalizing their quotes. They evaluate the age, gender, ZIP code, driving history, driving record and coverage level, as well as the make and model of the vehicle. Getting a personalized quote regularly can give you an idea of what discounts and rebates you qualify for based on your specific circumstances. Comparing quotes from multiple providers can also help you find the best car insurance in Austin.

Shopping around for car insurance in Austin could save you $420, which is enough to buy:


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140Cups of Coffee
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32Months of Your Favorite Streaming Service

Cheapest Car Insurance in Austin by Coverage Amount

In Austin and elsewhere, the coverage level that you buy is among the biggest factors that affect your insurance rates. For example, a policy only meeting the state minimum costs an average of $622 per year in Austin. A full coverage policy that has higher liability limits costs an average of $1,218 annually, a difference of $596.

Texas Minimum Liability Requirements

  • Item
    Description
  • 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 Austin, each plan varies depending on the limits of the insurance type as well as the coverage level. The state minimum coverage is a 30/60/25 plan. This means that a driver will have coverage worth $30,000 for bodily injuries per person, $60,000 for bodily injuries per vehicle and $25,000 for property damage liability per accident.

Car insurance companies in Austin also offer a 50/100/50 liability-only or full coverage plan. If you choose this, you can get coverage of $50,000 for individual injuries, with a $100,000 cap per car and $50,000 for property damage liability. They also have a 100/300/100 full-coverage plan, which is more comprehensive.

For instance, Farmers policyholders can purchase state minimum liability-only coverage for an average of $409 per year. Meanwhile, their 50/100/50 liability-only costs $433 on average, and full coverage at that level costs $755 on average. The average premium for their 100/300/100 full coverage is $798 annually.

Average Car Insurance Premiums: Liability-Only vs. Full Coverage

Liability Only
Full Coverage
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Cheapest Car Insurance in Austin if You Have Driving Violations

A driver with a clean history may get a more affordable premium compared to someone with moving violations. For example, a Farmers policyholder in Austin with no violations will spend $798 per year. If you have a speeding ticket, you will have to pay $248 more, which comes to $1,046 annually. Those who have been in an accident where they were at fault will pay $1,134 per year, which is $336 more than drivers with clean records. If you have a DUI on your record, the cost of your insurance coverage will be $1,172.

Average Cost of Car Insurance by Postal Code

The ZIP code of Texas drivers also affects the cost of car insurance in Austin because of many factors, such as regional rates of car theft, number of accidents and drivers in the area. The average car insurance premium in Austin is between $1,162 and $1,271. The most affordable neighborhood for auto coverage in the city is 78704. Drivers in this area pay $109 less per year than those in the most expensive ZIP code — 78741.

  • Zip Code
    State Minimumper year
  • 78704
    $1,162
  • 78758
    $1,188
  • 78745
    $1,194
  • 78748
    $1,203
  • 78753
    $1,252
  • 78744
    $1,258
  • 78741
    $1,271
iconribbontop ratedCar Insurance agentsAustin2021

Top Agents Offering Affordable Car Insurance in Austin

1. Benjamin-Fry Insurance1213 W Slaughter Ln, Ste 140, Austin, TX, 78748
32 ratings
2. Southwest Insurance Center3105 Slaughter Ln, Austin, TX, 78748
8 ratings
3. Zoe's Office710 W Saint Johns Ave, Austin, TX, 78752
7 ratings
4. Farmers Insurance - Nicholas Hibbs3415 Greystone Dr, Ste 107, Austin, TX, 78731
4 ratings
5. Derek Allen - State Farm Insurance Agent6101 Balcones Dr, Ste 300, Austin, TX, 78731
4 ratings

Factors That Impact Insurance Costs in Austin

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Austin. How Austin ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities148th/300
handcuffs2 icon
Most Car Thefts66th/300
uninsured icon
Most Uninsured Motorists by State16th/50
insurance2 icon
Personal Injury Protection RequiredNo
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Most Annual Rainfall172nd/300
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Most Rainy Days185th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Austin 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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About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.