Cheapest Car Insurance Companies in Austin, TX (2024 Rates)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byAshley Jacobs
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Updated: May 20, 2024

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Your unique profile can impact which company offers the most affordable car insurance rates.

State Farm is the cheapest option for full coverage, minimum coverage, accidents, tickets, female teens, military families, young drivers, senior drivers and sports cars. Mercury is the cheapest for drivers with a DWI and those with poor credit records. Nationwide is the cheapest for male teens.

If you need a balance of affordability and service, MoneyGeek found the best car insurance companies.

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2024

Cheapest Car Insurance in Austin, TX

Why Trust MoneyGeek? We analyzed several auto insurance quotes in the state and other data from the Texas Department of Insurance and Quadrant Information Services.

328,384Quotes Analyzed
 
14Companies Compared

Cheapest Minimum Coverage Car Insurance in Austin

The most affordable car insurance companies for a minimum coverage policy in Austin, Texas, are:

  • State Farm: $338 per year
  • Texas Farm Bureau: $368 per year

Dairyland is the most expensive provider, costing $1,143 annually.

Texas Farm Bureau is the cheapest car insurance company in Texas, with an annual average premium of $339 for minimum coverage, while the average cost of the policy statewide is $665. Texas Farm Bureau's state average is slightly cheaper than the rate in Austin, demonstrating how location can factor into prices.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
State FarmAnnual Premium$338Monthly Premium$28
Texas Farm BureauAnnual Premium$368Monthly Premium$31
AllstateAnnual Premium$389Monthly Premium$32
MercuryAnnual Premium$403Monthly Premium$34
AAA TexasAnnual Premium$474Monthly Premium$39
NationwideAnnual Premium$520Monthly Premium$43
GEICOAnnual Premium$554Monthly Premium$46
ProgressiveAnnual Premium$557Monthly Premium$46
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In Texas, car insurance policies must meet the state's minimum liability limits for bodily injury liability and property damage liability.

The limits are as follows:

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

Insurance coverage is critical to ensuring your financial protection. If you cause bodily injury to others, with a cost of $50,000 per individual and $100,000 per accident, and you only have minimum coverage, you’ll pay at least $40,000 out of pocket.

Cheapest Full Coverage Car Insurance in Austin

The cheapest car insurance companies for a full coverage policy in Austin are:

  • State Farm: $690 per year
  • Texas Farm Bureau: $788 per year

The most expensive option is Dairyland at $2,075 annually.

Texas Farm Bureau is the cheapest auto insurance provider for a full coverage policy in the Lone Star State, with an average annual premium of $760, slightly less than the cost in Austin. On average, the cost of full coverage car insurance in Texas is $1,316 annually.

When looking for car insurance, it's critical to note that your location can have a significant impact on your rates. Factors such as accident frequency, traffic congestion and crime rates can all influence the risk associated with your area.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$690Monthly Premium$57
Texas Farm BureauAnnual Premium$788Monthly Premium$66
AllstateAnnual Premium$857Monthly Premium$71
MercuryAnnual Premium$862Monthly Premium$72
AAA TexasAnnual Premium$977Monthly Premium$81
GEICOAnnual Premium$988Monthly Premium$82
NationwideAnnual Premium$1,018Monthly Premium$85
ProgressiveAnnual Premium$1,384Monthly Premium$115

To maximize protection for your vehicle and minimize potential losses, MoneyGeek recommends selecting full coverage that includes comprehensive and collision coverage in addition to liability coverage.

  • Comprehensive coverage: Protects against damages from natural disasters, theft, vandalism and fire.
  • Collision coverage: Safeguards against damages from accidents with other cars or objects.

You should also consider having uninsured/underinsured motorist (UM/UIM) coverage. It is optional in Texas, but insurers must offer it, and the policyholder can decline it. UM/UIM gives you added protection if the driver that hits you does not have insurance or does not have enough to cover your damages. It may also cover hit-and-runs. You don't need a full coverage policy to have UM/UIM.

When choosing the right coverage, consider the value of your vehicle and your budget. For older vehicles with low value, a full coverage policy may not be worth the extra cost.

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Cheapest Car Insurance in Austin After a Driving Offense

The cheapest car insurance company after driving violations in Austin are:

  • Speeding ticket: State Farm ($690 per year)
  • At-fault accident: State Farm ($858 per year)
  • DUI: Mercury ($1,185 per year)

These insurers provide the most expensive premiums for the following incidents:

  • Speeding ticket: Dairyland ($2,549 per year)
  • At-fault accident: Foremost ($3,481 per year)
  • DUI: Chubb ($2,837 per year)

DUI (driving under the influence) is the most common term used when discussing an impaired driving violation. But in Texas, like in a handful of other states, driving while intoxicated (DWI) is used, not DUI.

A bad driving record can make insurance pricier or even difficult to find. Even the cheapest car insurance companies may charge higher rates for drivers with bad records than for safe drivers.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$690Monthly Premium$57
Texas Farm BureauAnnual Premium$788Monthly Premium$66
AllstateAnnual Premium$857Monthly Premium$71
GEICOAnnual Premium$1,148Monthly Premium$96
NationwideAnnual Premium$1,183Monthly Premium$99
MercuryAnnual Premium$1,245Monthly Premium$104
AAA TexasAnnual Premium$1,283Monthly Premium$107
ChubbAnnual Premium$1,566Monthly Premium$130

If you're caught speeding, driving while intoxicated or cause an accident, your car insurance rates are likely to increase, with more severe violations resulting in even steeper hikes.

In Austin, drivers with DWIs could see their rates increase by $527, while those with speeding tickets may only see rate increases of $251.

While insurance rates can vary depending on factors like location and driving history, drivers with less-than-ideal records must look for reasonably priced coverage that provides adequate protection.

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WILL I NEED AN SR-22 IN AUSTIN?

Throughout Texas, drivers must file an SR-22 after a severe driving offense. If you get, for example, a DWI in Austin, your insurance provider will submit the SR-22 certificate of financial responsibility to the Texas Department of Public Safety to demonstrate that you have at least the minimum required auto insurance liability limits to drive legally in Texas. You will have to maintain a valid SR-22 for at least two years.

Cheapest Car Insurance in Austin for Teens and Their Families

The most affordable car insurance providers for teens on a family policy in Austin are:

  • Nationwide: $1,894 per year for female teens; $2,169 per year for male teens
  • State Farm: $1,902 per year for female teens; $2,289 per year for male teens

Allstate is the priciest insurance provider in the city for teens. Its annual premiums cost $6,488 for female teens and $7,641 for male teens.

Car insurance companies typically consider young male drivers to be riskier to insure, resulting in more expensive premiums. State Farm’s $387 price difference demonstrates this. Insurers adjust their rates to reflect the reduced risk in early adulthood.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,894Individual Plan Monthly Premium$6,249
State FarmFamily Plan Annual Premium$1,902Individual Plan Monthly Premium$8,176
GEICOFamily Plan Annual Premium$2,906Individual Plan Monthly Premium$7,562
ForemostFamily Plan Annual Premium$3,766Individual Plan Monthly Premium$14,833
ProgressiveFamily Plan Annual Premium$4,253Individual Plan Monthly Premium$15,835
AllstateFamily Plan Annual Premium$6,488Individual Plan Monthly Premium$11,421

Adding a teenage driver to your current family car insurance policy is often much cheaper than getting a separate policy for them, and it is usually illegal for a teen under 18 to buy an auto policy without a parent or guardian. By getting a family policy in Austin, you could save up to $3,267 per year. When searching for affordable car insurance for your teen, it's important to consider all available options and factors that affect insurance premiums.

Cheapest Car Insurance in Austin for Military Drivers

The cheapest car insurance for current or former military members and their families in Austin are:

  • State Farm: $690 per year
  • Texas Farm Bureau: $788 per year

USAA is a top-performing insurance provider that offers a variety of insurance services for military members throughout the United States, consistently receiving high ratings for its affordability, stability and customer satisfaction. At an average rate of $880 per year, USAA offers competitive pricing.

State Farm and Texas Farm Bureau rank as the most affordable insurance providers for minimum coverage, with annual premiums costing $338 and $368, respectively.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$690Monthly Premium$57
Texas Farm BureauAnnual Premium$788Monthly Premium$66
AllstateAnnual Premium$857Monthly Premium$71
MercuryAnnual Premium$862Monthly Premium$72
USAAAnnual Premium$880Monthly Premium$73
AAA TexasAnnual Premium$977Monthly Premium$81
GEICOAnnual Premium$988Monthly Premium$82
NationwideAnnual Premium$1,018Monthly Premium$85

How to Compare Cheap Austin Car Insurance Quotes Online

In Austin, Texas, comparing car insurance quotes online can be a time-consuming process requiring you to share personal information.

However, with MoneyGeek's car insurance calculator, you can quickly get a ballpark estimate based on basic information such as your age, vehicle type, coverage level and driving record. Our convenient tool helps you save time and gain insight into your expected car insurance premiums, all while ensuring accuracy and reliability.

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 18, 2024

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Cheapest Car Insurance in Austin for Young Adults

The cheapest car insurance with a full coverage policy for young drivers in Austin are:

  • State Farm: $890 per year
  • Texas Farm Bureau: $966 per year

The priciest auto insurance with a full coverage policy is Dairyland, which costs an annual premium of $2,549.

Car insurance for young adults is costlier than for those aged 40 due to their inexperience and high accident frequency, making them more high-risk to insure. In Austin, it’s $343 cheaper for drivers aged 40 to purchase car insurance with full coverage than younger drivers.

Insurance premiums typically decrease as drivers mature and acquire experience more experience behind the wheel.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$890Monthly Premium$74
Texas Farm BureauAnnual Premium$966Monthly Premium$81
AllstateAnnual Premium$1,147Monthly Premium$96
GEICOAnnual Premium$1,157Monthly Premium$96
MercuryAnnual Premium$1,184Monthly Premium$99
NationwideAnnual Premium$1,226Monthly Premium$102
AAA TexasAnnual Premium$1,279Monthly Premium$107
ProgressiveAnnual Premium$1,734Monthly Premium$145

Cheapest Car Insurance in Austin for Seniors

In Austin, the cheapest car insurance companies for seniors with a full coverage policy are:

  • State Farm: $628 per year
  • Texas Farm Bureau: $654 per year

The most expensive option is Dairyland, at around $1,875 annually.

Seniors may encounter higher car insurance rates compared to 40-year-olds, as premiums often increase after 65. This is because age-related declines in physical and cognitive abilities can lead to a higher risk of accidents, which in turn leads to higher insurance costs.

However, in Austin, seniors pay less than 40-year-olds for car insurance.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$628Monthly Premium$52
Texas Farm BureauAnnual Premium$654Monthly Premium$55
AllstateAnnual Premium$785Monthly Premium$65
NationwideAnnual Premium$835Monthly Premium$70
MercuryAnnual Premium$913Monthly Premium$76
GEICOAnnual Premium$965Monthly Premium$80
AAA TexasAnnual Premium$977Monthly Premium$81
ChubbAnnual Premium$1,261Monthly Premium$105

Cheapest Car Insurance in Austin for Poor Credit

The cheapest car insurance companies for drivers with poor credit and a full coverage policy in Austin are:

  • Mercury: $1,265 per year
  • Allstate: $1,302 per year

In Austin, the priciest auto insurance for drivers with poor credit is State Farm. Its annual premium costs $3,752. The average cost of full coverage car insurance in the city is $1,159 for those with good credit scores. Drivers with poor credit pay an average yearly premium of $2,092 in the city. This is an 81% increase from the city average, equating to a $934 difference.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
MercuryAnnual Premium$1,265Monthly Premium$105
AllstateAnnual Premium$1,302Monthly Premium$109
NationwideAnnual Premium$1,351Monthly Premium$113
AAA TexasAnnual Premium$1,534Monthly Premium$128
Texas Farm BureauAnnual Premium$1,758Monthly Premium$147
ForemostAnnual Premium$1,848Monthly Premium$154
ProgressiveAnnual Premium$2,305Monthly Premium$192
National GeneralAnnual Premium$2,557Monthly Premium$213

Insurance industry actuarial data shows that drivers with a poor credit history tend to file more insurance claims, which results in higher premiums. If you have poor credit, you can reduce your insurance costs by looking for popular discounts, bundling policies and comparing quotes from several insurers. Working on boosting your credit score over time can help lower those costs as well.

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MONEYGEEK EXPERT TIP

Your credit history is only one rating factor Texas car insurance companies might use when calculating your premium. Texas does not have any restrictions on what rating factors insurers can use, so you may find your motor vehicle record, gender, age, location (and even ZIP code), occupation and employment status, marital status and level of education influence your rate. That is why it's always best to get quotes from multiple companies, as how they weigh factors may differ. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Car Insurance in Austin for Sports Cars

The most affordable car insurance companies for drivers with sports car and a full coverage policy in Austin are:

  • State Farm: $850 per year
  • Allstate: $1,077 per year

On the other hand, Dairyland is the priciest insurance provider in the city for sports cars. Its annual premium costs $2,137.

In this city, the average full coverage policy for a Toyota Camry is $1,159, while it’s $1,442 for a Ford Mustang. This is a $283 difference, so it is 24% more expensive to protect a Mustang than a Camry. Keep in mind that costs differ in different cities due to some factors.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$850Monthly Premium$71
AllstateAnnual Premium$1,077Monthly Premium$90
GEICOAnnual Premium$1,119Monthly Premium$93
NationwideAnnual Premium$1,200Monthly Premium$100
ForemostAnnual Premium$1,673Monthly Premium$139
ChubbAnnual Premium$1,696Monthly Premium$141
ProgressiveAnnual Premium$1,785Monthly Premium$149

We used a Ford Mustang to compare insurance prices, but insurance prices may vary by model. Luxury, electric and sports cars generally cost more to insure than other vehicles.

Average Cost of Car Insurance in Austin

In Austin, the average cost of car insurance for full coverage is $1,159 per year. This includes $100,000 in bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.

The average car insurance cost in the city is $42 lower than the average full coverage cost in Texas. It is also $106 less than the national average car insurance premium of $1,265 per year. Car insurance companies take several factors into consideration when calculating insurance premiums, including the drivers' location.

In the chart below, you can see how Austin's auto insurance costs compare to other cities in Texas.

Wichita FallsFull Coverage Average Annual Premium$965Minimum Coverage Average Annual Premium$426
San AngeloFull Coverage Average Annual Premium$1,001Minimum Coverage Average Annual Premium$410
AbileneFull Coverage Average Annual Premium$1,016Minimum Coverage Average Annual Premium$436
College StationFull Coverage Average Annual Premium$1,032Minimum Coverage Average Annual Premium$500
MidlandFull Coverage Average Annual Premium$1,037Minimum Coverage Average Annual Premium$461
WacoFull Coverage Average Annual Premium$1,038Minimum Coverage Average Annual Premium$491
KilleenFull Coverage Average Annual Premium$1,052Minimum Coverage Average Annual Premium$503
El PasoFull Coverage Average Annual Premium$1,093Minimum Coverage Average Annual Premium$495
LubbockFull Coverage Average Annual Premium$1,095Minimum Coverage Average Annual Premium$499
Round RockFull Coverage Average Annual Premium$1,098Minimum Coverage Average Annual Premium$542
OdessaFull Coverage Average Annual Premium$1,128Minimum Coverage Average Annual Premium$490
DentonFull Coverage Average Annual Premium$1,132Minimum Coverage Average Annual Premium$558
TylerFull Coverage Average Annual Premium$1,135Minimum Coverage Average Annual Premium$554
Corpus ChristiFull Coverage Average Annual Premium$1,140Minimum Coverage Average Annual Premium$578
LewisvilleFull Coverage Average Annual Premium$1,151Minimum Coverage Average Annual Premium$572
AllenFull Coverage Average Annual Premium$1,158Minimum Coverage Average Annual Premium$571
AustinFull Coverage Average Annual Premium$1,159Minimum Coverage Average Annual Premium$571
FriscoFull Coverage Average Annual Premium$1,159Minimum Coverage Average Annual Premium$574
Fort WorthFull Coverage Average Annual Premium$1,168Minimum Coverage Average Annual Premium$563
McKinneyFull Coverage Average Annual Premium$1,171Minimum Coverage Average Annual Premium$573
ArlingtonFull Coverage Average Annual Premium$1,174Minimum Coverage Average Annual Premium$576
PlanoFull Coverage Average Annual Premium$1,207Minimum Coverage Average Annual Premium$596
AmarilloFull Coverage Average Annual Premium$1,209Minimum Coverage Average Annual Premium$512
San AntonioFull Coverage Average Annual Premium$1,220Minimum Coverage Average Annual Premium$601
League CityFull Coverage Average Annual Premium$1,221Minimum Coverage Average Annual Premium$607
Sugar LandFull Coverage Average Annual Premium$1,242Minimum Coverage Average Annual Premium$623
BeaumontFull Coverage Average Annual Premium$1,242Minimum Coverage Average Annual Premium$623
LaredoFull Coverage Average Annual Premium$1,249Minimum Coverage Average Annual Premium$557
IrvingFull Coverage Average Annual Premium$1,251Minimum Coverage Average Annual Premium$606
RichardsonFull Coverage Average Annual Premium$1,256Minimum Coverage Average Annual Premium$620
CarrolltonFull Coverage Average Annual Premium$1,257Minimum Coverage Average Annual Premium$617
The WoodlandsFull Coverage Average Annual Premium$1,267Minimum Coverage Average Annual Premium$639
PasadenaFull Coverage Average Annual Premium$1,274Minimum Coverage Average Annual Premium$630
BrownsvilleFull Coverage Average Annual Premium$1,276Minimum Coverage Average Annual Premium$622
Grand PrairieFull Coverage Average Annual Premium$1,287Minimum Coverage Average Annual Premium$630
PearlandFull Coverage Average Annual Premium$1,298Minimum Coverage Average Annual Premium$645
MesquiteFull Coverage Average Annual Premium$1,302Minimum Coverage Average Annual Premium$639
DallasFull Coverage Average Annual Premium$1,314Minimum Coverage Average Annual Premium$640
GarlandFull Coverage Average Annual Premium$1,322Minimum Coverage Average Annual Premium$657
McAllenFull Coverage Average Annual Premium$1,364Minimum Coverage Average Annual Premium$668
HoustonFull Coverage Average Annual Premium$1,436Minimum Coverage Average Annual Premium$699

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.