Cheapest and Best Car Insurance Companies in Midland, TX

Your needs will dictate which provider is the best for you. For instance, State Farm has the best prices for young drivers, military personnel and drivers with violations. Nationwide is cheapest for teens and families. Chubb provides the best customer experience, while Texas Farm Bureau has the best cheap rates.

The following insurance companies offer Midland drivers the cheapest minimum coverage auto insurance premiums:

• Texas Farm Bureau: $266 per year
• State Farm: $277 per year

State Farm provides the cheapest auto insurance in Texas at $241, but price and availability can vary depending on where you live. With a yearly cost of $892, a Dairyland minimum insurance premium is the most expensive in Midland.

Texas law requires that drivers carry the following bodily injury and property damage coverage, at a minimum:

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

If you cause an accident and have bodily injury liability insurance with a cap of $30,000 per person and $60,000 per accident, your insurer will pay for the affected parties' medical expenses up to that amount. You are liable for the remaining balance.

The following companies provide full coverage car insurance premiums at the most affordable prices in Midland:

• State Farm: $592 per year
• Texas Farm Bureau: $648 per year

For $542 a year, State Farm offers the cheapest full coverage auto insurance in Texas, though costs might vary depending on where you live. Dairyland offers the most expensive full coverage insurance policy in Midland at $1,864 a year.

A full coverage policy has extra protections like collision and comprehensive coverage.

• Collision Insurance: Pays for damage to your car caused by a collision with another vehicle or stationary object.
• Comprehensive Insurance: Pays for non-collision-related damage such as vandalism, theft, fire or flooding.

Full coverage policies help protect your investment if you have a newer car. However, if you have an older or low-value vehicle, a full coverage policy could cost more than the car is worth.

According to MoneyGeek's analysis, the following companies provide full coverage auto insurance at the most affordable rates for Midland drivers with offenses:

• Speeding ticket: State Farm ($592 per year)
• At-fault accident: State Farm ($733 per year)
• DUI: State Farm ($1,072 per year)

Dairyland is the most expensive option if you have a speeding violation, with premiums costing $2,265. Foremost charges the highest rates after an accident ($3,026) and Chubb is the costliest after a DUI ($2,562).

Even after shopping around for the best deals, drivers with poor records usually pay more for car insurance than those with clean records.

The severity of the driving infraction will likely dictate how much your premium increases. For example, in Midland, a 40-year-old motorist with a DUI may see an increase in insurance rates of up to $441 per year compared to a driver without a record. Meanwhile, having a ticket means you may pay up to $201 more per year for your premium.

You can still find the cheapest vehicle insurance if you have a bad driving record by shopping around.

The following companies offer the most competitive insurance rates for families in Midland adding teens to their auto policy:

• Nationwide: $1,296 per year for female teens, $1,477 per year for male teens
• State Farm: $1,548 per year for female teens, $1,872 per year for male teens

Allstate is the most expensive option, with yearly rates for a female teen at $5,444 and a male teen at $6,407. Young males frequently pay higher rates due to their projected insurance risk. However, this gender-based price difference tapers off by early adulthood.

Enrolling a teen driver under a family policy is much more cost-effective than purchasing separate insurance. In Midland, adding a teen to a family plan costs $3,267 less than buying an individual plan. Always shop around to find the cheapest car insurance premiums for teens.

The following companies offer the cheapest full coverage auto insurance for military members in Midland:

• State Farm: $592 per year
• Texas Farm Bureau: $648 per year

Texas Farm Bureau provides minimum insurance at the lowest cost of $266, followed by State Farm for $277. For $789 a year, USAA offers full coverage to service members and special military discounts.

Comparing Midland auto insurance prices may take longer than you'd expect. For instance, getting a quote from one firm might take 15 minutes or longer due to the amount of information you need to provide.

MoneyGeek’s insurance calculator can provide a quick rate estimate when you enter your age, car details, driving record and preferred level of coverage.

The best Midland insurance company for you will depend on your priorities and budget. The following are some of the top Texas car insurance providers based on MoneyGeek's research:

• Best overall: Texas Farm Bureau (MoneyGeek score 79 out of 100)
• Best for service: Chubb (MoneyGeek score 76 out of 100)
• Best cheap: Texas Farm Bureau (MoneyGeek score 81 out of 100)

A company's overall MoneyGeek score may vary depending on which category is being graded. USAA is MoneyGeek's top-rated option for military members and their families, with a score of 80 out of 100 overall.

After comparing rates, claims management processes and customer satisfaction scores, MoneyGeek selected the following as Midland’s top car insurance providers:

• Texas Farm Bureau: MoneyGeek score 79 out of 100 ($648 per year)
• State Farm: MoneyGeek score 76 out of 100 ($592 per year)

Of the 11 service providers MoneyGeek reviewed, Texas Farm is the best due to its affordable rates and top-rated customer service.

The following companies, regardless of cost, are Midland's best car insurance providers based on MoneyGeek's criteria for customer satisfaction:

• Chubb: MoneyGeek score 76 out of 100 ($1,309 per year)
• Foremost: MoneyGeek score 67 out of 100 ($1,326 per year)

Of 11 insurers, Chubb ranks second in customer satisfaction and first in claims management overall. However, its premiums are higher than average, indicating that policyholders pay more for quality service.

MoneyGeek compared rates and customer reviews for policies that meet Texas' minimum car insurance requirements. The top options in Midland are the following:

• Texas Farm Bureau: MoneyGeek score 81 out of 100 ($266 per year)
• State Farm: MoneyGeek score 77 out of 100 ($277 per year)

Texas Farm Bureau provides affordable rates and helpful customer service for drivers in Midland. Keep in mind that, unlike full coverage policies, minimum coverage insurance offers limited liability protection and does not cover the cost of repairing damage to your vehicle.

The average annual cost of full coverage auto insurance in Midland is $1,037. This amount is $164 less than the average cost of vehicle insurance in Texas ($1,201)(as of October 2022) and $64 less than the average cost of auto insurance nationwide ($1,265). Location is one of many factors that affect insurance costs.

These premiums are for full coverage insurance with $100,000 in bodily injury liability protection per person, $300,000 in bodily injury liability protection per accident, and $100,000 in property damage protection.