Cheapest and Best Car Insurance in Lewisville, TX (August 2024)

Finding affordable car insurance in Lewisville hinges on various factors, including coverage choices and driver characteristics. For full coverage, Texas Farm Bureau stands out as the most affordable, whereas Nationwide offers the lowest rates for families with teens. Texas Farm Bureau, is also the cheapest for minimum coverage. When it comes to exemplary customer service, Chubb leads the pack and is also the highest-rated overall for balancing price and service. Choosing the best insurance company may depend on personal preferences and coverage needs.

MoneyGeek found that Texas Farm Bureau is the cheapest option in Lewisville for minimum coverage car insurance, offering significant savings.

• Texas Farm Bureau: $349 per year
• State Farm: $447 per year

Dairyland has the most expensive minimum coverage policy in Lewisville, with an annual rate of $2,096. This highlights the importance of shopping around for car insurance, as there is a substantial $1,747 difference between the cheapest and most expensive options, which can lead to significant savings for consumers.

Across all cities in Texas, the law prescribes the minimum car insurance coverages required. For Lewisville and beyond, here’s what state law mandates:

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

Take, for example, a driver with a minimum coverage policy involved in an at-fault accident that injures another person. The policy could cover up to $30,000 for the individual's injuries but, if the total costs amount to $45,000, the driver would be financially responsible for the remaining $15,000. Similarly, if multiple persons are injured with total expenses surpassing the $60,000 per accident limit, those costs above the cap would also be the driver's responsibility to cover out-of-pocket.

MoneyGeek found that Texas Farm Bureau is the leader for the cheapest full coverage car insurance in Lewisville, providing substantial savings for drivers.

• Texas Farm Bureau: $713 per year
• State Farm: $938 per year

Dairyland commands the highest price for full coverage policies in the city at $4,152 annually, highlighting a staggering $3,439 difference when compared to Texas Farm Bureau. This variance underscores why it's key to compare rates; full coverage costs more than minimum coverage due to its extensive protection, covering everything from collision to comprehensive damage.

With the comprehensive full coverage policy from MoneyGeek, coverage in Lewisville is significantly enhanced, stepping up from the bare minimum to include $100,000 per person for bodily injury, $300,000 per incident for bodily injury, and $100,000 for property damage. This level of insurance is conveniently referred to as a 100/300/100 plan.

A full coverage policy also adds two essential types of insurance:

• Collision Insurance: This covers damage to your vehicle when it hits or is hit by another vehicle or object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This provides coverage for a range of incidents that can damage your vehicle, such as theft, vandalism or natural disasters and being struck by an animal like a deer.

For a new vehicle, securing full coverage insurance is advisable. Making an informed choice about the amount of car insurance you require necessitates weighing the high cost of extensive coverage against the financial risks of being underinsured.

MoneyGeek found that the cheapest company for drivers with a poor driving record and a full coverage policy in Lewisville is Texas Farm Bureau. For drivers looking to save after specific offenses, here are the most affordable options:

• Speeding Ticket: Texas Farm Bureau ($713 per year)
• At-fault accident: State Farm ($1,169 per year)
• DUI: Texas Farm Bureau ($1,411 per year)

As for the most expensive rates for these offenses, Dairyland tops the list, with premiums reaching $5,851 after an at-fault accident, $4,197 after a DUI, and $5,165 after a speeding ticket. The type of offense can considerably impact car insurance rates.

Insurance rates generally increase with the severity of driving offenses as they indicate a higher risk profile. In Lewisville, for example, those with a DUI face an average annual premium of $3,427, while a speeding ticket can raise premiums to approximately $2,763. It is crucial for drivers with offenses to compare insurance rates, as this can offer significant savings and help mitigate the financial impact of higher premiums due to their driving record.

MoneyGeek found that Nationwide is the cheapest option in Lewisville for both female and male teen drivers, offering rates that underscore the significance of comparing insurance premiums.

• Nationwide: $1,536 per year for female teens and $1,751 per year for male teens
• State Farm: $1,710 per year for female teens and $2,068 per year for male teens

It’s crucial to note that these rates reflect the cost of insuring a combination of two parents and a teenager. In Lewisville, Allstate has the most expensive teen family policy, with an annual rate of $6,307 for females, demonstrating a substantial $4,771 difference from Nationwide.

In Lewisville, like in other cities, teenage drivers face steep car insurance rates. When purchasing insurance individually, a teen's average annual premium is about $6,853, nearly double the cost of being added to a family policy, which averages around $3,504 annually. The substantial difference in rates is attributable to the higher risk insurers associate with young, inexperienced drivers.

MoneyGeek found that Texas Farm Bureau offers the cheapest car insurance for military backgrounds in Lewisville.

• Texas Farm Bureau: $713 per year
• State Farm: $938 per year

USAA ranks third, with an annual rate of $1,002. Although not the cheapest, USAA's rates are competitive and the company is renowned for its service tailored to active duty military members.

You can use MoneyGeek's car insurance calculator. Simply input critical details such as age, driving history, credit score and desired coverage, and promptly receive a tailored rate estimate, thereby optimizing your time and savings on car insurance.

Choosing the best auto insurance can be a balancing act among service quality, cost, and coverage options. MoneyGeek's tailored scoring system ranks the top insurers in Lewisville for varying preferences:

• Best overall: Chubb (MoneyGeek score 91 out of 100)
• Best for service: Chubb (MoneyGeek score 92 out of 100)
• Best cheap: Chubb (MoneyGeek score 89 out of 100)

As Chubb emerges as the winner in all three categories, it stands out in Lewisville for striking the best overall value, delivering exceptional service, and offering affordability without heavily compromising on service quality. These distinctions make it a leading choice for consumers seeking comprehensive benefits from their car insurance provider.

MoneyGeek found that Chubb is the preeminent option in Lewisville for those seeking the best car insurance. Recognizing quality car insurance providers is critical for drivers in the area, and two companies stand out:

• Chubb: MoneyGeek score of 91 out of 100 ($1,627 per year)
• State Farm: MoneyGeek score of 74 out of 100 ($938 per year)

Chubb distinguishes itself notably in Lewisville with its exceptional performance in customer satisfaction and claims handling, which are major factors contributing to its top MoneyGeek score.

MoneyGeek found that Chubb is the best option in Lewisville for those prioritizing top-notch customer service in their car insurance. This assessment is strictly based on general satisfaction, claims handling, and the breadth of coverages offered — completely independent of rates.

• Chubb: MoneyGeek score of 92 out of 100 ($1,627 per year)
• Foremost: MoneyGeek score of 77 out of 100 ($2,305 per year)

Chubb stands out primarily due to its exceptional claims handling, which is a critical aspect of customer service in the insurance industry.

MoneyGeek found that Chubb is the best option in Lewisville for drivers searching for the most cost-effective car insurance coverage. This accolade is based on a comprehensive scoring system that considers several factors, demonstrating that while affordability is a key component, the overall experience involving claims handling and customer satisfaction are also integral to their ranking.

• Chubb: MoneyGeek score of 89 out of 100 ($811 per year)
• Mercury: MoneyGeek score of 78 out of 100 ($460 per year)

Chubb stands out not only for its affordability but also for its top-tier customer satisfaction and claims handling processes, both of which are significant components of its MoneyGeek score. Offering policies at an annual cost of $811, Chubb achieves a balance between cost efficiency and quality service for minimum coverage policies.

In Lewisville, Texas, the average cost of car insurance is $1,700. This is slightly lower than the average car insurance cost in Texas which stands at $1,782.

Location plays a significant role in determining car insurance premiums, largely because it encompasses factors such as accident rates, theft frequencies and the cost of living in the area. Urban areas with higher traffic density tend to have higher rates due to increased risk of accidents and theft. As per MoneyGeek's data, the city with the most expensive premium is Houston with a cost of $2,177, and the city with the cheapest premium is Wichita Falls, at an affordable $1,414. This stark contrast of $763 demonstrates how location within the same state can influence insurance costs.