The annual average car insurance rate in McAllen is $1,505, which is 14.4% higher than the state average. The cheapest insurer is Farmers, offering auto insurance at roughly $866 yearly. To accommodate various drivers, MoneyGeek evaluated the cheapest insurance by coverage amount and driving history. MoneyGeek also ranked the best car insurance in McAllen by companies that balance affordability and quality.
Compare the Cheapest Car Insurance Quotes in McAllen
The Cheapest and Best Car Insurance in McAllen
The Cheapest Car Insurance Companies in McAllen
A full coverage policy can be the best car insurance option for drivers in McAllen, and MoneyGeek's research found that the most affordable companies research include:
- Farmers: $866 per year
- State Farm: $927 per year
The most expensive option in McAllen, The General, is 275.64% more expensive than Farmers. This underscores why drivers should compare car insurance quotes in McAllen before making a decision.
MoneyGeek examined car insurance companies in McAllen based on a 40-year-old male driver looking for a full coverage policy with liability insurance and comprehensive and collision insurance.
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Average Cost of Car Insurance in McAllen
Before buying a car, drivers should consider the average cost of car insurance in their area. In McAllen, drivers pay an average of $1,505 per year, which is 14.4% higher than the average cost of car insurance in Texas. Compared to the rest of the nation, McAllen drivers pay an average of 5.7% more.
The Best Car Insurance Companies in McAllen
If you are looking for affordability and quality service, MoneyGeek’s unique rating system found the best options in McAllen are:
- GEICO: MoneyGeek score of 85 out of 100
- State Farm: MoneyGeek score of 85 out of 100
Note that USAA ranked highest, with a score of 100, but is only available for current and former military members.
Companies were ranked based on three criteria, including J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in McAllen
MoneyGeek recommends that drivers compare car insurance quotes in McAllen frequently to get the best rates. A number of factors can affect rates and even qualify drivers for certain discounts, rebates or savings opportunities. Some factors insurers consider are age, gender, driving history and car make and model.
Shopping around for car insurance in McAllen could save you $639, which is enough to buy:
Cheapest Car Insurance in McAllen by Coverage Amount
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.
A policy’s coverage limits can affect car insurance rates in any state or city. In McAllen, a policy that only follows state minimum requirements costs $744 per year on average. Conversely, a full coverage policy with a 100/300/100 limit and a $1,000 deductible costs an average of $1,505 annually. This difference of $761 can better protect drivers in case of an accident.
A state minimum liability-only policy is the cheapest car insurance option that drivers can get. However, it only protects third parties in an accident. Full coverage policies may cost more but offer better protection.
In McAllen, a state minimum liability-only policy costs an average of $448 per year. Upping your limits to 50/100/50 costs roughly $32 more. This has $100,000 for total injuries in an accident with a $50,000 limit per person and $50,000 in property damage.
A full coverage 50/100/50 policy with comprehensive and collision insurance costs $800 annually on average. For drivers who want extra coverage, a 100/300/100 costs roughly $57 more annually.
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 McAllen if You Have Driving Violations
A driver’s record can mean the difference between a cheap or expensive premium. Drivers who are insured by Farmers pay an average of $866 per year. If they have a speeding ticket or two, they may pay $281 more, while those involved in an at-fault accident may pay $349 more per year.
Drivers with a DUI are also likely to pay more. A DUI can lead to a suspended license and thousands of dollars in legal fines and costs. A DUI on your record can lead to an average of $403 more per year in premiums with Farmers.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Car insurance quotes in McAllen can change based on a driver’s postal code. This is because certain neighborhoods may be more at risk for car-theft incidents or have a number of accident-prone areas.
However, ZIP codes make a minimal difference when it comes to car insurance rates in McAllen. The difference between the cheapest and most expensive postal codes, 78501 and 78405, is $20.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in McAllen
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 McAllen. How McAllen 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 McAllen 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.
About the Author
- Kaiser Family Foundation. "2019 Employer Health Benefits Survey." Accessed January 16, 2020.