Cheapest and Best Car Insurance Companies in Richardson, TX


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ByMark Fitzpatrick
Edited byMargarita Barresi
ByMark Fitzpatrick
Edited byMargarita Barresi

Updated: May 20, 2024

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Your profile and needs will impact which company is the best for you. State Farm is the cheapest provider of full coverage policies, policies for those in the military and for those with speeding tickets or at-fault accidents. Mercury has the lowest rates for drivers with a DUI. Texas Farm Bureau is the cheapest provider for minimum coverage, while Nationwide has the best rates for teens. Chubb is the best option for those who prioritize customer service.

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2024

Cheapest and Best Car Insurance in Richardson, TX

Why Trust MoneyGeek? MoneyGeek obtained Richardson car insurance data from Quadrant Information Services and the Texas Department of Insurance. MoneyGeek also collected data on customer service, claims, coverage and financial stability for this study.

328,384Quotes Analyzed
 
14Companies Compared

Cheapest Minimum Liability Car Insurance in Richardson

The cheapest companies in Richardson for minimum coverage car insurance are:

  • Texas Farm Bureau: $383 per year
  • State Farm: $404 per year

Dairyland is the most expensive provider for minimum coverage at $1,216 per year as of October 2022.

State Farm, the second cheapest in Richardson, offers the cheapest car insurance in Texas at $300 per year. Texas Farm Bureau is the second cheapest in Texas at $339 per year, with average rates being $44 higher in Richardson. Location can be an important factor affecting rates, so costs may vary based on where you live.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
Texas Farm BureauAnnual Premium$383Monthly Premium$32
State FarmAnnual Premium$404Monthly Premium$34
AllstateAnnual Premium$424Monthly Premium$35
MercuryAnnual Premium$472Monthly Premium$39
AAA TexasAnnual Premium$532Monthly Premium$44
GEICOAnnual Premium$579Monthly Premium$48
NationwideAnnual Premium$606Monthly Premium$50
ProgressiveAnnual Premium$645Monthly Premium$54

Texas law requires that minimum coverage policies cover bodily injury liability and property damage liability with the following minimum limits:

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

With a minimum coverage policy, your liability coverage is limited to $30,000 per person for bodily injury and a maximum of $60,000 per accident. This means you will have to pay out of pocket for any costs over these limits. If you cause property damage, you will be liable for costs exceeding $25,000.

Cheapest Full Coverage Car Insurance in Richardson

The cheapest companies for full coverage car insurance in Richardson are:

  • State Farm: $791 per year
  • Texas Farm Bureau: $805 per year

Dairyland is the most expensive provider for a full coverage policy at $2,232 per year as of October 2022.

State Farm also offers the cheapest full coverage car insurance in Texas at $711 per year, followed by Texas Farm Bureau at $760 per year. Location impacts car insurance rates, so a policy can have different premiums depending on where you live. For instance, State Farm's policy in Richardson costs $80 more than the company's average Texas rates.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$791Monthly Premium$66
Texas Farm BureauAnnual Premium$805Monthly Premium$67
AllstateAnnual Premium$916Monthly Premium$76
MercuryAnnual Premium$992Monthly Premium$83
GEICOAnnual Premium$1,012Monthly Premium$84
AAA TexasAnnual Premium$1,097Monthly Premium$91
NationwideAnnual Premium$1,162Monthly Premium$97
ChubbAnnual Premium$1,503Monthly Premium$125

A full coverage policy adds comprehensive and collision insurance to your liability coverage.

  • Collision Insurance: Covers damages to your vehicle caused by on-road incidents like a collision with another vehicle.
  • Comprehensive Insurance: Covers damages to your vehicle caused by off-road incidents like theft or vandalism.

Full coverage policies may not be worth the cost if you have an older car with a low value since premiums could cost more than your vehicle is worth.

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Cheapest Car Insurance in Richardson After a Driving Offense

The cheapest companies for car insurance in Richardson after a driving violation are:

  • Speeding ticket: State Farm ($791 per year)
  • At-fault accident: State Farm ($988 per year)
  • DUI: Mercury ($1,366 per year)

The most expensive companies for violations are Dairyland at $2,740 per year for speeding, Chubb at $2,942 per year for a DUI and Foremost at $3,686 per year for an at-fault accident.

A poor driving record significantly impacts car insurance costs, and even the cheapest rates for those with bad records are more expensive than rates for drivers with clean records.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$791Monthly Premium$66
Texas Farm BureauAnnual Premium$805Monthly Premium$67
AllstateAnnual Premium$916Monthly Premium$76
GEICOAnnual Premium$1,177Monthly Premium$98
NationwideAnnual Premium$1,358Monthly Premium$113
AAA TexasAnnual Premium$1,435Monthly Premium$120
MercuryAnnual Premium$1,438Monthly Premium$120
ChubbAnnual Premium$1,624Monthly Premium$135

In most cases, your premiums will increase relative to the violation’s seriousness. For instance, after a DUI in Richardson, you will pay $577 more per year for car insurance, but you will pay only $254 more after a speeding offense.

You can find the cheapest car insurance for a bad driving record by comparing quotes from different providers.

Cheapest Car Insurance in Richardson for Teens and Their Families

The cheapest companies in Richardson for teen drivers on a family policy are:

  • Nationwide: $1,687 per year for female teens and $1,923 per year for male teens
  • State Farm: $2,073 per year for female teens and $2,507 per year male teens

Allstate has the most expensive rates for teens on a family policy at $6,588 per year for female teens and $7,753 for male teens. Male teens pay more for a Nationwide policy than female teens because they are considered riskier to insure, but this difference in rates drops off in early adulthood.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,687Individual Plan Monthly Premium$7,023
State FarmFamily Plan Annual Premium$2,073Individual Plan Monthly Premium$9,606
GEICOFamily Plan Annual Premium$2,425Individual Plan Monthly Premium$7,807
ForemostFamily Plan Annual Premium$3,699Individual Plan Monthly Premium$15,685
ProgressiveFamily Plan Annual Premium$3,866Individual Plan Monthly Premium$18,135
AllstateFamily Plan Annual Premium$6,588Individual Plan Monthly Premium$12,320

Adding a teen to a family policy is usually more cost-effective than purchasing an individual policy. In Richardson, an individual teen policy costs $7,077 per year, $3,267 more than the average cost of adding a teen to a family policy. Always shop around to find cheap car insurance for teens that meets your needs.

Cheapest Car Insurance in Richardson for Military Drivers

The following companies offer the cheapest car insurance for military drivers in Richardson:

  • State Farm: $791 per year
  • Texas Farm Bureau: $805 per year

USAA offers full coverage car insurance at $945 per year and tailors its services to suit those in the military. Texas Farm Bureau and State Farm are also the best options for minimum coverage insurance at $383 and $404 per year, respectively.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$791Monthly Premium$66
Texas Farm BureauAnnual Premium$805Monthly Premium$67
AllstateAnnual Premium$916Monthly Premium$76
USAAAnnual Premium$945Monthly Premium$79
MercuryAnnual Premium$992Monthly Premium$83
GEICOAnnual Premium$1,012Monthly Premium$84
AAA TexasAnnual Premium$1,097Monthly Premium$91
NationwideAnnual Premium$1,162Monthly Premium$97

How to Compare Cheap Richardson Car Insurance Quotes Online

You can compare car insurance quotes online in Richardson, but you will need to enter a lot of personal information, and the process can take 15 minutes or longer per company. Instead, you can use MoneyGeek's car insurance calculator to get a quick estimate based on your age, driving history, coverage level and vehicle type.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jun 13, 2024

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Best Car Insurance in Richardson: Summary

The best car insurance company for you will depend on how you value factors like cost, service and coverage. The best car insurance companies in Richardson for specific categories are:

  • Best overall: Texas Farm Bureau (MoneyGeek score of 80 out of 100)
  • Best for service: Chubb (MoneyGeek score of 76 out of 100)
  • Best cheap: Texas Farm Bureau (MoneyGeek score of 81 out of 100)

A company's MoneyGeek score can vary depending on how we weigh factors in different categories.

Texas Farm Bureau offers the best car insurance in Texas, with a MoneyGeek score of 79 out of 100. If you have a military background, USAA is one of the best car insurance companies in Richardson, with an overall MoneyGeek score of 81 out of 100.

Best Overall Car Insurance in Richardson

The best car insurance companies in Richardson are:

  • Texas Farm Bureau: MoneyGeek score of 80 out of 100 ($805 per year)
  • State Farm: MoneyGeek score of 76 out of 100 ($791 per year)

Texas Farm Bureau ranked second for customer satisfaction and affordability out of 12 providers in the comparison group. This means policyholders can expect good service at affordable rates.

USAA is also one of the best car insurance companies in Richardson, with a MoneyGeek score of 81 out of 100. It serves veterans and military members exclusively.

How was this MoneyGeek score calculated?

Texas Farm Bureau

pros

checkmark

Ranked second for affordability

checkmark

Ranked second for customer satisfaction

checkmark

Offers essential coverages

cons

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Average claims and coverage scores

COMPANY HIGHLIGHTS

Texas Farm Bureau offers policyholders a balance of affordable rates and good service, making it the best insurer overall in Richardson. This provider has limited coverage options but offers essential coverages.

Drivers can opt for roadside assistance coverage for protection if their car breaks down and they need emergency services. This coverage will pay for emergency services, such as towing, gas delivery or mechanical labor. Gas delivery, tire changes or battery delivery are also covered, but the policy only pays for the service itself and not the cost of the items.

Texas Farm Bureau also offers rental car or travel reimbursement coverage. If you opt for this add-on, you will be reimbursed for travel expenses incurred while your vehicle is in the shop for repairs.

Read MoneyGeek's Texas Farm Bureau Auto Insurance Review

Best Car Insurance in Richardson for Customer Service

MoneyGeek excluded cost as a factor and found that the best auto insurance companies for customer service in Richardson are:

  • Chubb: MoneyGeek score of 76 out of 100 ($1,503 per year)
  • Foremost: MoneyGeek score of 67 out of 100 ($1,585 per year)

Chubb ranked first for claims and third for customer satisfaction in the comparison group, so you can expect great service quality from this provider. However, Chubb’s rates are among the highest, so you will pay more for good service.

How was this MoneyGeek score calculated?

Chubb

pros

checkmark

Ranked first for claims experience

checkmark

High customer satisfaction rating

checkmark

Offers original equipment manufacturer (OEM) coverage

cons

close

Low coverage score

COMPANY HIGHLIGHTS

If you prioritize service over cost, Chubb is the best car insurance company in Richardson. This provider scored first in claims experience and received a high rating in customer satisfaction. It does not offer broad coverage options, but you can get unique add-on options.

If you want to ensure that only original manufacturer parts are used to repair your car after a covered incident, you can opt for Chubb’s OEM coverage. You can also get rental car or travel reimbursement coverage, which pays for a rental car while your car is being repaired after a covered incident.

Chubb has optional classic car insurance, which is a good option for those with cars older than 30 years. This insurance offers similar coverages to a standard policy, including liability coverage, personal injury protection and underinsured or uninsured motorist coverage.

Best Cheap Car Insurance in Richardson

MoneyGeek analyzed affordability and service quality for policies that only meet the minimum requirements in Texas and found the following companies offer the cheapest options:

  • Texas Farm Bureau: MoneyGeek score of 81 out of 100 ($383 per year)
  • State Farm: MoneyGeek score of 77 out of 100 ($404 per year)

Minimum coverage policies have the lowest premiums but offer minimal protection against liability costs and do not cover damages to your car.

How was this MoneyGeek score calculated?

Texas Farm Bureau

pros

checkmark

Affordable minimum coverage at $383 per year

checkmark

Safe driving, multiple car and anti-theft system discounts

checkmark

Ranked second for customer satisfaction

cons

close

No paperless or pay-in-full discounts

COMPANY HIGHLIGHTS

Texas Farm Bureau is the best cheap car insurance in Richardson for drivers looking for the most affordable rates. This provider also ranks second for customer satisfaction, so policyholders get a mix of affordability and service quality.

Texas Farm Bureau offers various common discounts that can help lower your car insurance rates. These include bundling discounts for purchasing home or renters insurance with your car insurance and multiple car discounts for insuring more than one car. You can also get a discount if you maintain a clean driving record for a specified period.

Drivers with anti-theft systems installed in their vehicles will qualify for a discount. You can also get a discount if you are under 25 and have completed an approved driver’s education course.

Read MoneyGeek's Texas Farm Bureau Auto Insurance Review

Average Cost of Car Insurance in Richardson

As of October 2022, the average cost of car insurance in Richardson is $1,256 per year for a full coverage policy with $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 property damage liability.

Location is one of the factors that impact rates. Compared to the average cost of car insurance in Texas, $1,201 per year, drivers in Richardson pay $55 more. However, rates in Richardson are $9 cheaper than the average national cost of car insurance.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.