The average cost to insure a car in Midland is $1,054 per year, which is cheaper than the state average. The least expensive option based on average rates is Farmers at $668 annually. MoneyGeek analyzed the cheapest options across coverage levels and driver profiles. For drivers focused on both cost and quality, MoneyGeek also ranked the best car insurance companies in Midland.
bestauto insuranceMidland2021The Cheapest and Best Car Insurance in Midland
Cheapest Overall - Farmers
Best Overall - GEICO
Cheapest State Minimum - Farmers
Cheapest With a Driving Violation - Farmers
The Cheapest Car Insurance Companies in Midland
MoneyGeek’s study found that the most affordable car insurance in Midland for full coverage policies are from:
- Farmers: $668 per year
- USAA: $727 per year
For many drivers, affordability is one of the biggest considerations when choosing the best car insurance. Shopping around and comparing prices can help you find the cheapest car insurance in Midland based on your needs.
The least expensive insurance company in the city is Farmers, which has an average annual rate of $668. Meanwhile, the most expensive option is The General. A similar policy typically costs $2,171 per year at The General, which is 225% more than a policy from Farmers.
All prices indicated above are for a 40-year-old male driver with a full coverage policy that has liability insurance, as well as comprehensive and collision insurance.
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- CompanyAmountper year
- 1.$668
- 2.$727
- 3.$740
- 4.$748
- 5.$909
Average Cost of Car Insurance in Midland
Midland$1,054
Texas$1,316
U.S.$1,424
The average car insurance rate in Midland is $1,054 per year. It is cheaper than both the state and national average.
In comparison, the city’s average annual rate is 19.9% cheaper than the state average of $1,316. Midland drivers also typically pay 26% less than the national average of $1,424 for auto insurance. That means auto insurance prices for Midland drivers are generally cheaper than elsewhere in the state.
The Best Car Insurance Companies in Midland
The best car insurance in Midland that balances affordability and quality services are:
- Geico (MoneyGeek score of 85 out of 100)
- State Farm (MoneyGeek score of 85 out of 100)
We should mention that the highest-scoring company in the city is USAA. However, it is not listed as the best overall insurance company, because it is only available to military members, veterans and their families.
To come up with our unique scoring system, MoneyGeek used various factors, including J.D. Power’s user satisfaction, affordability and financial stability scores.
1
USAA
Score:100
2
GEICO
Score:85
3
State Farm
Score:85
4
Auto Club of Southern California Insurance Group
Score:85
5
Allstate
Score:80
6
Progressive
Score:80
7
Nationwide
Score:80
8
Farmers
Score:78
9
Liberty Mutual
Score:73
Personalized Quotes to Get You the Cheapest Car Insurance in Midland
Car insurance companies in Midland calculate premiums using different details, such as age, ZIP code, driving history, coverage level and credit score. A change in any of these circumstances can affect your insurance rates. We suggest that you compare car insurance quotes regularly to find out if you qualify for discounts, rebates or other savings.
Shopping around for car insurance in Midland could save you $386, which is enough to buy:
129Cups of Coffee
30Months of Your Favorite Streaming Service
Cheapest Car Insurance in Midland by Coverage Amount
One of the biggest factors that affect insurance prices in Midland and elsewhere is the amount of coverage you buy. A policy that only meets the state minimum liability limits costs $501 per year, while a full coverage policy with higher liability limits costs an average of $1,054. That is a difference of $553 per year.
Texas Minimum Liability Requirements
- ItemDescription
- 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.
While choosing cheap car insurance can help you save money, it is important to evaluate what type of coverage is most suitable for your needs. If you want additional protection, consider getting 50/100/50 liability-only or full coverage. This means you can receive up to $50,000 per person for medical expenses, for a total of $100,000 per accident and $50,000 for property damage. A liability-only coverage policy will cover the other driver’s expenses if you are the one at-fault in an accident, while a full coverage policy covers both your own and the other driver’s costs if you cause an accident.
If the difference between the prices is minimal, then the better option is always the higher coverage. For instance, a 50/100/50 liability-only policy from Esurance costs $592 per year on average. However, adding $238 per year can get you a 50/100/50 full coverage policy.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$322$340
- 2.$305$332
- 3.$371$399
- 4.$385$431
- 5.$408$454
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$636$668
- 2.$677$727
- 3.$699$748
- 4.$681$740
- 5.$848$909
Cheapest Car Insurance in Midland if You Have Driving Violations
Keeping your driving records clean will help you qualify for cheap car insurance in Midland. Should you incur any moving violations, like speeding tickets, DUI or an at-fault accident, you can expect your car insurance premiums to increase.
For example, a Midland driver with no violations pays an average of $668 for a Farmers car insurance policy. A similar policy will cost $206 more per year or a total of $874 if the driver has speeding tickets. Meanwhile, having a DUI on record will increase the cost by $308 for a total average rate of $976.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$874$946$976
- 2.$740$890$1,240
- 3.$814$1,110$1,062
- 4.$873$1,024$1,222
- 5.$1,172$1,288$1,352
Average Cost of Car Insurance by Postal Code
The area that you live in will also play a role in determining car insurance quotes in Midland. Insurance providers evaluate ZIP code crime rates, the number of accidents and amount of uninsured drivers in the area.
Average car insurance rates in Texas vary depending on ZIP code. Neighborhood 79705 has the most affordable rate at $1,039 per year, while drivers living in ZIP code 79707 typically pay $1,069 per year, a difference of $30.
- Zip CodeState Minimumper year
- 79705$1,039
- 79707$1,069
Insurance Providers That Serve Midland
Factors That Impact Insurance Costs in Midland
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 Midland. How Midland 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 Midland 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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