Waco's average full coverage car insurance cost is $121 per month. Rates range from $116 to $377, depending on driving record and vehicle type. The table below shows average premiums for different driver profiles to help drivers better understand potential costs.
Waco, TX, Car Insurance
Updated: March 31, 2025
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Cheapest Car Insurance in Waco: Key Takeaways
Texas Farm Bureau, GEICO and Progressive are the cheapest car insurance providers in Waco.
Texas Farm Bureau is the most affordable car insurance provider, with monthly rates of $23 for minimum coverage and $55 for full coverage.
On average, residents pay $57 monthly for minimum coverage and $121 for full coverage.
Car Insurance Quotes in Waco, TX
| Young Drivers | $74 | $157 |
| Teens | No Data | $377 |
| Seniors | $57 | $116 |
| Drivers With an Accident | $94 | $192 |
| Drivers With a Speeding Ticket | $68 | $145 |
| Drivers With a DUI | $86 | $174 |
| Bad Credit | $99 | $216 |
Because insurers calculate premiums differently, you'll need to get quotes from multiple providers for the most accurate estimate.
Waco vs. State Average
Texas
State Average Full Coverage Rate
$1,695
Waco, TX
City Average Full Coverage Rate
$1,448Waco Car Insurance is Cheap:$247 saved
This is 15% less expensive.
What Is the Average Car Insurance Rate in Waco?
Waco residents pay an average of $1,448 per year for full coverage and $682 for minimum coverage. These rates are lower than Texas' averages of $1,695 and $810, respectively.
| State Average | $810 | $1,695 |
| Waco Average | $682 | $1,448 |
Cheapest Car Insurance Companies in Waco
While premiums may rise across Texas, you can still find affordable car insurance in Waco. Texas Farm Bureau offers the cheapest minimum coverage at just $23 monthly and full coverage at $55.
WHY CAR INSURANCE IN WACO IS CHEAPER
Car insurance in Waco is typically cheaper due to its smaller population, moderate traffic and lower accident risks. Low crime rates, including fewer vehicle thefts, and mild weather reduce claims. Waco’s affordable living and repair expenses also help keep premiums low.
Cheap Car Insurance in Waco
Texas Farm Bureau often provides the cheapest car insurance in Waco, but rates vary by driver. To find the most affordable option, compare quotes from several companies. The table below highlights the lowest rates for different driver profiles.
| Texas Farm Bureau | Minimum Coverage | $23 |
| Texas Farm Bureau | Full Coverage | $55 |
| GEICO | Teens | $175 |
| Texas Farm Bureau | Young Adults | $48 |
| Texas Farm Bureau | Seniors | $33 |
| Texas Farm Bureau | Bad Credit | $86 |
| Progressive | Drivers With a DUI | $76 |
| Texas Farm Bureau | Drivers With an Accident | $65 |
| Texas Farm Bureau | Drivers With a Speeding Ticket | $39 |
Car Insurance Rates in Waco by Company
To get the cheapest car insurance, compare rates from different companies. Below, we've detailed Waco's most affordable minimum and full coverage plans.
Cheapest Car Insurance Companies for Minimum Coverage in Waco
Texas Farm Bureau offers the cheapest minimum coverage auto insurance in Waco at $23 per month, followed by Mercury at $31. The table below provides a detailed breakdown of the affordable options.
| Texas Farm Bureau | $23 | $34 |
| Mercury | $31 | $26 |
| State Farm | $32 | $25 |
| Progressive | $44 | $13 |
| AAA Texas | $50 | $7 |
| GEICO | $51 | $6 |
| National General | $56 | $1 |
| Allstate | $57 | $0 |
Cheapest Car Insurance Companies for Full Coverage in Waco
Texas Farm Bureau offers the cheapest full coverage car insurance in Waco at $55 monthly. Below is a list of providers and their rates.
| Texas Farm Bureau | $55 | $66 |
| State Farm | $73 | $48 |
| Progressive | $88 | $33 |
| GEICO | $94 | $26 |
| AAA Texas | $105 | $16 |
| Mercury | $111 | $9 |
| Allstate | $116 | $5 |
Car Insurance Companies in Waco
Texas Farm Bureau offers the most affordable car insurance in Waco at $470 annually. Chubb is the best cheap provider, with a MoneyGeek score of 89 out of 100. Check the table below for more options.
| Chubb | 89 | $1,165 |
| Foremost | 76 | $1,253 |
| Mercury | 75 | $855 |
| State Farm | 74 | $629 |
| Texas Farm Bureau | 73 | $470 |
| AAA Texas | 72 | $930 |
| Progressive | 64 | $791 |
| Nationwide | 64 | $1,212 |
| GEICO | 63 | $871 |
| Allstate | 60 | $1,037 |
| National General | 49 | $1,077 |
| Dairyland | No Data | $2,492 |
*Rates are for a 40-year-old driver with good credit and no driving violations.
Car Insurance Cost in Waco by Age
Middle-aged drivers and younger seniors pay Waco's lowest car insurance rates, averaging $1,448 per year for 40-year-olds and $1,386 for 65-year-olds. The table below shows average costs for drivers aged 16 to 65.
| 16 | $2,998 | $-563 |
| 17 | $2,876 | $-441 |
| 18 | $2,510 | $-75 |
| 19 | $2,123 | $312 |
| 20 | $2,227 | $208 |
| 21 | $1,638 | $797 |
| 22 | $1,637 | $798 |
| 23 | $1,699 | $737 |
| 24 | $1,593 | $842 |
| 25 | $1,881 | $-41 |
| 40 | $1,448 | $393 |
| 65 | $1,386 | $455 |
Cheapest Car Insurance for Teens in Waco
Nationwide offers the cheapest overall car insurance for teens in Waco at $112 per month, saving $107 compared to the state average. The table below highlights other affordable providers for this age group.
| Nationwide | $112 | $107 | $278 |
| State Farm | $136 | $83 | $181 |
| GEICO | $144 | $75 | $175 |
| Progressive | $243 | $-24 | $653 |
| Foremost | $257 | $-38 | $552 |
| Allstate | $422 | $-204 | $426 |
*Rates are for 16 to 19-year-old drivers with good credit and no driving violations for full coverage policies.
Best Car Insurance Rates for Young Drivers in Waco
Texas Farm Bureau offers the lowest monthly rates for young drivers in Waco: $30 for minimum coverage and $67 for full coverage. The table below compares low-cost options across different driver profiles.
| Texas Farm Bureau | Minimum Coverage | $30 |
| Texas Farm Bureau | Full Coverage | $67 |
| Texas Farm Bureau | Bad Credit | $106 |
| Progressive | Drivers With a DUI | $92 |
| Texas Farm Bureau | Drivers With an Accident | $80 |
| Texas Farm Bureau | Drivers With a Speeding Ticket | $48 |
Cheapest Car Insurance Companies for Young Drivers in Waco
Texas Farm Bureau offers the most affordable auto insurance for young drivers in Waco at $48 per month. State Farm, GEICO and Progressive also provide competitive rates. The table below shows other companies with low rates.
| Texas Farm Bureau | $48 | $67 |
| State Farm | $67 | $49 |
| GEICO | $83 | $32 |
| Progressive | $83 | $32 |
| Mercury | $98 | $18 |
| AAA Texas | $99 | $17 |
| Allstate | $113 | $3 |
| National General | $115 | $1 |
*Rates are for 25-year-old drivers with good credit and no driving violations for minimum and full coverage policies.
Best Car Insurance Rates for Seniors in Waco
Texas Farm Bureau offers the most affordable car insurance for seniors in Waco, with minimum coverage starting at $20 and options for drivers with speeding tickets at $33. Rates vary by driving history and coverage needs. The table below shows the cheapest providers for different driver and coverage profiles.
| Texas Farm Bureau | Minimum Coverage | $20 |
| Texas Farm Bureau | Full Coverage | $45 |
| Texas Farm Bureau | Bad Credit | $71 |
| Texas Farm Bureau | Drivers With a DUI | $65 |
| Texas Farm Bureau | Drivers With an Accident | $57 |
| Texas Farm Bureau | Drivers With a Speeding Ticket | $33 |
Cheapest Car Insurance for Seniors in Waco
Texas Farm Bureau offers the cheapest monthly premium for seniors, $33, for minimum and full coverage policies. State Farm follows at $48. The table below shows the top car insurance providers for seniors in Waco.
| Texas Farm Bureau | $33 | $54 |
| State Farm | $48 | $39 |
| Progressive | $67 | $20 |
| GEICO | $72 | $14 |
| Mercury | $74 | $12 |
| AAA Texas | $78 | $9 |
| Allstate | $83 | $3 |
*Rates are for 65-year-old drivers with good credit and no driving violations for minimum and full coverage policies.
Car Insurance Cost for High-Risk Drivers in Waco
For high-risk drivers in Waco, minimum coverage costs around $988, and full coverage is about $2,045 annually. These rates are cheaper than the state averages of $1,190 and $2,417, respectively. Drivers with bad credit and DUIs pay the most for car insurance, while accidents and speeding tickets have a smaller impact on rates.
| Waco Average | $988 | $2,045 |
| State Average | $1,190 | $2,417 |
DRIVING OFFENSES AFFECT RATES FOR A LIMITED TIME ONLY
Insurers consider most minor driving incidents, like a not-at-fault accident or a speeding ticket, for a certain period. For more serious offenses, such as a DUI, insurers may consider them for a longer time, and you might need to file an SR-22 to meet Texas' minimum coverage requirements.
Cheapest Auto Insurance Rates With a DUI in Waco
Mercury offers the cheapest minimum coverage for drivers with a DUI in Waco at $521 per year. For full coverage, Texas Farm Bureau is the most affordable at $1,241. Check out the table below for more low-cost options.
| Mercury | $43 | $149 |
| Progressive | $47 | $106 |
| Texas Farm Bureau | $51 | $103 |
| State Farm | $62 | $133 |
| National General | $70 | $147 |
*Rates are for a 40-year-old driver with good credit and a DUI.
Cheapest Auto Insurance Rates With an Accident in Waco
Texas Farm Bureau and State Farm offer the cheapest auto insurance after an at-fault accident in Waco. The table below shows various providers offering affordable coverage.
| Texas Farm Bureau | $40 | $90 |
| State Farm | $41 | $91 |
| Progressive | $65 | $144 |
| Mercury | $65 | $221 |
| GEICO | $67 | $130 |
*Rates are for a 40-year-old driver with good credit and an at-fault accident.
Cheapest Auto Insurance Rates With a Speeding Ticket in Waco
Texas Farm Bureau is the cheapest car insurance provider for drivers with speeding tickets in Waco, offering minimum coverage at $23 monthly and full coverage at $55. Check the table below to see how much other providers charge drivers with speeding tickets.
| Texas Farm Bureau | $23 | $55 |
| State Farm | $32 | $73 |
| Mercury | $44 | $158 |
| Progressive | $50 | $114 |
| Allstate | $57 | $116 |
*Rates are for a 40-year-old driver with good credit and a speeding ticket.
Cheapest Car Insurance for Bad Credit in Waco
Mercury offers the most affordable rates for drivers with bad credit in Waco, with minimum coverage at $44 monthly. For full coverage, Texas Farm Bureau leads at $123. See the table below for other affordable options.
| Mercury | $44 | $167 |
| Texas Farm Bureau | $49 | $123 |
| Progressive | $68 | $157 |
| AAA Texas | $78 | $162 |
| Foremost | $79 | $165 |
*Rates are for a 40-year-old driver with bad credit and no driving violations.
Minimum Car Insurance Requirements in Waco, TX
Texas mandates that each city follows statewide car insurance minimums. Your policy must include at least:
- $30,000 in bodily injury liability per person
- $60,000 in bodily injury liability per accident
- $25,000 in property damage liability per accident
If you're in an accident causing $20,000 in property damage and $40,000 in injuries to others, your minimum coverage will handle these costs, keeping you within legal bounds.
Cheap Car Insurance in Waco: Bottom Line
Texas Farm Bureau offers the cheapest car insurance in Waco, with minimum coverage at $23 and full coverage at $55 a month. Affordable options are available for all ages and credit histories. Ensure your policy covers bodily injury, property damage and protection against uninsured drivers, as Texas law requires. Compare providers to find rates that keep you safely within the state’s legal guidelines.
Waco Auto Insurance: FAQ
We answer common questions about affordable and best car insurance options in Waco.
What is the cheapest car insurance company in Waco, TX?
Texas Farm Bureau offers the most affordable car insurance in Waco, Texas, with rates as low as $23 monthly for minimum coverage.
What is the best car insurance company in Waco, TX?
Chubb is the best car insurance provider in Waco, Texas, with a MoneyGeek score of 89 out of 100 and an annual premium of $1,165 for full coverage.
How much does car insurance cost on average in Waco, TX?
Waco's monthly rates for minimum coverage car insurance range from $57 for seniors to $99 for drivers with bad credit.
Best Cheap Car Insurance in Waco: Our Methodology
MoneyGeek analyzed Waco auto insurance prices using the Texas Department of Insurance and Quadrant Information Services data.
Waco Driver Profile
To assess the best and most affordable auto insurance options for Waco residents, MoneyGeek used the following sample driver profile:
- 40-year-old male
- Clean driving history
- 2012 Toyota Camry LE
- 12,000 miles driven per year
By altering variables such as age, driving records and military status, MoneyGeek also found the top insurers for different types of drivers.
Coverage Levels in Waco
In assessing the car insurance quotes for Waco, we gathered data for minimum and full coverage policies, ensuring each insurer conformed to Texas' minimum coverage requirements:
- $30,000 in bodily injury liability per person
- $60,000 in bodily injury liability per accident
- $25,000 in property damage liability per accident
For full coverage policies, MoneyGeek increased limits to:
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage liability
- Comprehensive and collision coverage with a deductible of $1,000
MoneyGeek’s Scoring System
MoneyGeek scored insurers on a scale of zero to 100, factoring in customer satisfaction, cost-effectiveness, claims management, coverage options and financial stability.
Insurers received scores as indicated below, with a total possible score of 100 points:
- General customer satisfaction (up to 35 points)
- Affordability (up to 30 points)
- Claims experience (up to 20 points)
- Essential coverages (up to 10 points)
- Financial stability (up to five points)
MoneyGeek’s Sources
To gauge rates and assess the best service experiences among Texas providers, MoneyGeek used six sources:
- Quadrant Information Services provided actual policy quotes in Waco
- J.D. Power's studies and the NAIC index contributed to the assessment of customer service
- Claims experience metrics came from J.D. Power and the CRASH Network’s report card
- AM Best and Demotech offered financial stability insights through their ratings
MoneyGeek gathered 50,284 quotes from 14 insurance companies in Waco for the average driver of various ages who drives a Toyota Camry with a clean record, barring specific exceptions.
For more details, visit MoneyGeek's methodology.
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.