At $1,052, the average annual car insurance rate in Wichita Falls is lower than the state average of $1,316. MoneyGeek's analysis found that GEICO is the cheapest widely available insurer in Wichita Falls and costs an average of $664 annually. MoneyGeek analyzed prices by driving profile and coverage levels. MoneyGeek also rated the best car insurance companies in Wichita Falls that balance affordable rates and quality service.
bestauto insuranceWichita Falls2021The Cheapest and Best Car Insurance in Wichita Falls
The Cheapest Car Insurance Companies in Wichita Falls
On average, the following two companies offer the most affordable full coverage car insurance policies in Wichita Falls:
- USAA: $663 per year (only serving current and former military members and their families)
- GEICO: $664 per year
When looking for the best car insurance, affordability is important. The most expensive option in Wichita Falls is The General, which quotes an average of $2,084 annually. This is 214.3% higher than USAA and 213.9% more than GEICO for a comparable policy.
MoneyGeek calculated the premiums for a full coverage policy for a 40-year-old male driver. The policy provides liability-only coverage for bodily injuries and property damages to others, as well as comprehensive and collision coverage for their injuries and damages to their vehicle.
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- CompanyAmountper year
- 1.$663
- 2.$664
- 3.$701
- 4.$727
- 5.$846
Average Cost of Car Insurance in Wichita Falls
Wichita Falls$1,052
Texas$1,316
U.S.$1,424
Wichita Falls has a lower average car insurance rate than the state and national averages. The average rate of auto insurance in Wichita Falls is $1,052 per year. This is 20.1% lower than Florida's state average for a comparable policy, which is $1,316 per year. In comparison to the national average rate of $1,424, the average car insurance rate in Wichita Falls is 26.1% lower.
The Best Car Insurance Companies in Wichita Falls
MoneyGeek rated car insurance companies in Wichita Falls using a unique rating system to determine which providers balance affordability and quality service. The best auto insurance companies in Wichita Falls are:
- GEICO: MoneyGeek score of 85 out of 100 points
- State Farm: MoneyGeek score of 85 out of 100 points
USAA was rated the best insurer in Wichita Falls with 100 points. However, the company only serves current and retired military personnel and their families.
To rank the companies, MoneyGeek used J.D. Power's consumer satisfaction, affordability and financial stability ratings.
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 Wichita Falls
Age, gender, ZIP code, credit score and more can impact car insurance rates in Wichita Falls. Obtaining quotes from multiple companies will assist you in determining which one offers the best rate. To ensure you get the best car insurance quote in Wichita Falls as well as any discounts you are eligible for, you need to regularly compare car insurance quotes.
Shopping around for car insurance in Wichita Falls could save you $388, which is enough to buy:
129Cups of Coffee
30Months of Your Favorite Streaming Service
Cheapest Car Insurance in Wichita Falls by Coverage Amount
Regardless of where you live, the amount of coverage you purchase has an impact on the insurance cost. A car insurance policy in Wichita Falls that meets the state's minimum requirements costs $487 per year on average. On the other hand, a full coverage policy with higher liability limits costs an extra $566 per year or $1,052 on average.
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.
When you look for affordable car insurance quotes, it’s important that the coverage meets your needs. The cheapest insurance in Wichita Falls is from GEICO and is a state-minimum liability-only policy for roughly $346 annually. Increasing your limits to 50/100/50 costs roughly $25 more.
50/100/50 limits mean that your insurer covers $50,000 per person in medical costs, up to $100,000 total and $50,000 for property damage. Full coverage policies are more expensive since they cover you and the other driver. A liability-only policy only protects the other driver.
Drivers from Wichita Falls can buy a full coverage policy from GEICO for $247 more yearly than a 50/100/50 liability-only policy. You can also get a full coverage policy with 100/300/100 liability limits for $644 annually on average.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$272$299
- 2.$346$371
- 3.$356$400
- 4.$361$381
- 5.$385$429
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$614$663
- 2.$618$664
- 3.$643$701
- 4.$689$727
- 5.$787$846
Cheapest Car Insurance in Wichita Falls if You Have Driving Violations
Drivers with a clean driving record can get lower insurance premiums. For a driver with a clean driving record, a State Farm car insurance policy will cost $701 per year on average. Drivers with a DUI on their record could be charged an extra $460 on average. If the violation is an at-fault accident, State Farm will charge you $138 more a year on average. Although State Farm doesn't raise the premiums of those with a speeding ticket, most companies in Wichita Falls do raise your insurance rate if you have a speeding ticket in your driving record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$741$1,005$956
- 2.$701$839$1,161
- 3.$772$903$1,078
- 4.$951$1,030$1,065
- 5.$1,092$1,199$1,260
Average Cost of Car Insurance by Postal Code
The ZIP code your car’s physical address belongs to will impact how much your insurance premiums cost. Insurance companies consider risk factors such as car theft, accidents and claim history in your ZIP code. You can compare auto insurance rates in Texas rates to find the best rate for your location.
In Wichita Falls, residents of ZIP code 76310 will pay an average of $1,049 for auto insurance per year, which is $7 less than what the residents of ZIP code 76308 pay on average.
- Zip CodeState Minimumper year
- 76310$1,049
- 76308$1,056
Insurance Providers That Serve Wichita Falls
Factors That Impact Insurance Costs in Wichita Falls
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 Wichita Falls. How Wichita Falls 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 Wichita Falls 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.
About the Author
sources
- Kaiser Family Foundation. "2019 Employer Health Benefits Survey." Accessed January 16, 2020.