State Farm offers the lowest car insurance rates in Waco, with average annual premiums of $471 for minimum coverage and $1,089 for full coverage. GEICO, Mercury and AAA also provide affordable coverage options in the city.
Car Insurance in Waco
Updated: August 1, 2025
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Key Takeaways
Waco's cheapest car insurance companies are State Farm, GEICO and Mercury, with savings up to 41% compared to the city average.
Monthly car insurance costs in Waco average $144 for full coverage and $64 for minimum coverage.
To find the best cheap auto insurance in Waco, compare quotes from multiple sources and choose coverage that matches your needs.
Who Has the Cheapest Car Insurance in Waco?
| State Farm | $39 | $91 | -41% |
| GEICO | $49 | $99 | -32% |
| Mercury | $51 | $116 | -24% |
| Germania | $61 | $122 | -16% |
| AAA | $60 | $124 | -16% |
Cheapest Waco Car Insurance by Category
State Farm leads affordability in Waco by winning six driver categories. GEICO offers the cheapest rates for young drivers, those with bad credit and drivers with newer cars.
| Young Drivers | GEICO | $86 |
| Adult Drivers | State Farm | $39 |
| Senior Drivers | State Farm | $46 |
| Drivers With an Accident | State Farm | $46 |
| Drivers With a DUI | State Farm | $64 |
| Drivers With a Speeding Ticket | State Farm | $39 |
| Drivers With Bad Credit | GEICO | $71 |
| Drivers With Newer Cars | GEICO | $53 |
| Drivers With Old Cars | State Farm | $36 |
Compare the Cheapest Waco Car Insurance for You
Your driving record and personal details shape what you'll pay for car insurance, with rates varying by hundreds or even thousands of dollars. Check the table below to find insurers offering the best rates for your specific driver profile.
Data filtered by:Results filtered by:
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Age Group:Adult Drivers
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Gender:Male
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Coverage Level:State Minimum Liability Only
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Credit:Good
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Driving Record:Clean
| State Farm | $39 | $471 | -42% |
| Geico | $49 | $589 | -27% |
| Mercury Insurance | $51 | $617 | -24% |
| AAA | $60 | $718 | -11% |
| Germania Insurance | $61 | $732 | -9% |
Best Car Insurance Companies in Waco
In Waco, the leading car insurance companies are State Farm, GEICO, Mercury and AAA. These providers stand out for their competitive rates, quality customer service and comprehensive coverage options.
| State Farm | 95 | 1 | 3 | 6 |
| GEICO | 92 | 2 | 6 | 6 |
| Mercury | 92 | 3 | 5 | 4 |
| AAA | 89 | 5 | 4 | 6 |
| Progressive | 89 | 6 | 2 | 2 |
State Farm: Best Overall Value
pros
Most affordable rates in Waco
Strong customer service ratings
Multiple driver discounts available
cons
Limited coverage options
Higher rates for newer vehicles
COMPANY HIGHLIGHTS
State Farm ranks as Waco's top car insurance provider, offering rates well below the city average. The company stands out for its excellent customer service and consistently affordable premiums. State Farm works especially well for adult drivers, seniors, and those with driving incidents on their record. The company's main drawback is its limited selection of add-on coverages.
GEICO: Best for Specialized Coverage
pros
Competitive rates across categories
Strong digital tools
Excellent young driver rates
cons
Lower customer service scores
Basic coverage options only
COMPANY HIGHLIGHTS
GEICO takes second place in Waco with consistently competitive rates. The company excels at serving specific groups, including young drivers and those with newer vehicles. GEICO's digital tools make policy management straightforward, though customer service ratings lag behind some competitors. The company offers the most affordable options for drivers with bad credit and maintains rates below the city average.
How Much Is Car Insurance in Waco?
In Waco, minimum coverage costs about $64 per month or $763 per year, ranking 1091st out of all Texas cities for affordability. Full coverage averages $144 monthly or $1,723 annually, ranking 1017th among Texas cities.
| Full Coverage | $144 | $1,723 |
| Minimum Coverage | $64 | $763 |
Waco Car Insurance Cost by Category
In Waco, monthly coverage costs vary from $58 to $334 depending on the driver profile. Check the table below to see rates for your category.
| Young Drivers | $148 | $312 |
| Adult Drivers | $64 | $144 |
| Senior Drivers | $82 | $169 |
| Drivers With an Accident | $90 | $200 |
| Drivers With a DUI | $99 | $211 |
| Drivers With a Speeding Ticket | $75 | $170 |
| Drivers With Bad Credit | $144 | $334 |
| Drivers With Newer Cars | $78 | $177 |
| Drivers With Old Cars | $58 | $130 |
Waco Car Insurance Costs by ZIP Code
In Waco, car insurance rates by ZIP code range from $56 to $168 per month. ZIP code 76706 is the most expensive, while 76712 is the cheapest. Check the average rates for your ZIP code on the table below.
Data filtered by:Results filtered by:
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ZIP Code:76701
| 76701 | $59 | $137 |
Compare Personalized Waco Car Insurance Costs
Since your situation may differ from basic rate breakdowns, use this table to find average Waco car insurance costs filtered by your age, driving record and other personal factors.
Data filtered by:Results filtered by:
Select
Age Group:Adult Drivers
Select
Gender:Male
Select
Coverage Level:State Minimum Liability Only
Select
Credit:Good
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Driving Record:Clean
| $66 | $797 | -2% |
How to Get the Best Cheap Waco Car Insurance
Waco drivers face some of Texas's highest car insurance rates, and sorting through coverage options can feel overwhelming. Our step-by-step guide shows you proven ways to lower your premiums while maintaining the protection you need.
- 1
Calculate your coverage needs
Start by determining how much coverage you need based on your vehicle's value and your financial situation. Use our car insurance coverage needs calculator to get a personalized recommendation that balances protection and affordability.
- 2
Explore different insurance types
Review various types of car insurance to find the best fit. Consider pay-per-mile if you drive infrequently or non-owner coverage if you don't own a vehicle but occasionally drive.
- 3
Know the average costs
Research average vehicle insurance costs in Waco to set realistic expectations. This benchmark helps you identify truly competitive quotes and avoid overpaying for coverage.
- 4
Check available discounts
Maximize savings through car insurance discount opportunities. Consider bundling multiple policies or getting multi-car discounts if you have multiple vehicles.
- 5
Research insurance company ratings
Look into each insurer's customer service ratings, claims satisfaction scores and financial strength. Focus on companies with strong records in Texas and positive reviews from Waco residents.
- 6
Get and compare multiple quotes
Request quotes from at least three different insurance providers. Use a mix of local agents, online tools, and direct carrier websites to ensure you're seeing the full range of available rates.
- 7
Review your policy annually
Set a yearly reminder to review your coverage and shop for new quotes. Life changes, driving history updates and carrier rate adjustments can create new opportunities for savings.
Cheapest Car Insurance in Waco: Bottom Line
Car insurance rates in Waco depend on your driving record, credit score and coverage needs. State Farm and GEICO offer the lowest average premiums in the area, but compare quotes from multiple providers to find your best rate.
Cheap Waco Car Insurance: FAQ
MoneyGeek's research team answers your questions about finding affordable car insurance in Waco. We've analyzed local rates and coverage options to help you get the best value for your needs.
What is the cheapest car insurance company in Waco, Texas?
State Farm offers the lowest rates in Waco, with average annual premiums of $471 for minimum coverage and $1,089 for full coverage. Individual rates vary, so compare quotes.
Who offers the best car insurance in Waco?
State Farm leads Waco's insurance providers with a MoneyGeek score of 95 out of 100, scoring 3 points higher than GEICO. They excel in both affordable rates and quality service.
What is the average cost of car insurance in Waco?
In Waco, drivers pay $1,723 annually for full coverage and $763 for minimum coverage car insurance. Your actual rates will vary based on individual factors.
Is car insurance in Waco expensive?
Car insurance in Waco costs more than average, ranking 1091st for minimum coverage affordability and 1017th for full coverage compared to other Texas cities.
How We Chose the Best and Cheapest Car Insurance in Waco, TX
To help Waco drivers find the most affordable auto insurance companies, MoneyGeek analyzed auto insurance rates based on data and information from the Texas Department of Insurance and Quadrant Information Services. We studied all ZIP codes in the city and hundreds of thousands of quotes for 12 companies offering auto insurance in Texas to tailor options as closely as possible to you.
Waco Driver Profile
MoneyGeek created a sample driver profile to calculate car insurance quote averages with the following characteristics:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
- Good credit
- Valid license
- Currently insured
- No claims history
We adjusted certain factors, such as age, driving record, credit score and military affiliation, to find the most suitable insurance companies for specific driver profiles.
Coverage Levels in Waco
MoneyGeek compared the most affordable insurance providers for minimum and full coverage auto insurance policies.
The minimum coverage requirements in Texas are:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
For a full coverage policy, we used the following coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
- Comprehensive and collision insurance, each with a $1,000 deductible
Our Best Company Rating Methodology
We rated all companies based on the following rating scale:
- Affordability (60% of score): To get this score, we evaluated quotes for various common driver profiles and compared rates to the competition within the city.
- Customer experience (30% of score): We used sources such as agency reviews on Google, J.D. Power, AM Best and forums like Reddit to gauge customer sentiment and experiences across the board.
- Coverage options (10% of score): This score considers the number of coverage options a provider offers and the uniqueness of the offering and benefits.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.