Cheapest Car Insurance Companies in Dallas, 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 byKathryn Schroeder
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Updated: May 20, 2024

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The cheapest car insurance company depends on your driver profile and needs. MoneyGeek’s analysis in Dallas shows State Farm is ideal for full and minimum coverage, with an at-fault accident or speeding ticket, military members, teens, young adults, seniors and drivers with sports cars. Mercury is the lowest-priced after a DWI or with bad credit.

MoneyGeek also analyzed the best car insurance in Dallas, balancing cost and service quality.

MoneyGeek Logo IconCheapestCar InsuranceDallas
2024

Cheapest Car Insurance in Dallas, TX

Why Trust MoneyGeek? Car insurance rates in Dallas discussed in this study are based on our analysis of data from Quadrant Information Services and the Texas Department of Insurance.

328,384Quotes Analyzed
 
14Companies Compared

Cheapest Minimum Coverage Car Insurance in Dallas

MoneyGeek found the following companies, on average, are the cheapest for minimum coverage in Dallas:

  • State Farm: $387 per year
  • Texas Farm Bureau: $446 per year

Dairyland charges the highest rate for that policy, of the companies MoneyGeek collected quotes for in Dallas, with an average cost of $1,349 per year.

State Farm also offers the cheapest car insurance in Texas, but its average statewide rate is slightly lower at $300 annually for minimum coverage.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
State FarmAnnual Premium$387Monthly Premium$32
Texas Farm BureauAnnual Premium$446Monthly Premium$37
AllstateAnnual Premium$456Monthly Premium$38
MercuryAnnual Premium$461Monthly Premium$38
AAA TexasAnnual Premium$553Monthly Premium$46
NationwideAnnual Premium$599Monthly Premium$50
GEICOAnnual Premium$610Monthly Premium$51
ProgressiveAnnual Premium$619Monthly Premium$52
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You will only get coverage against bodily injury and property damage if you purchase a minimum coverage policy in Texas. It includes the following coverage limits:

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

These limits show how much of a claim for third parties the insurer will cover. If passengers in the car you hit are injured in the accident, the insurance company will pay $30,000 for each person, up to $60,000 per accident. So if the other driver sustains injuries totaling $55,000, you must pay $25,000 out of pocket.

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MONEYGEEK EXPERT TIP

While minimum coverage may be the cheapest car insurance policy you can get in Dallas, insurance professionals recommend purchasing liability coverage above the state minimum for a greater level of financial protection from at-fault accidents. If your budget allows, consider increasing your liability limits to $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 property damage liability per accident.

You also want to have uninsured and underinsured motorist (UM/UIM) coverage in Texas. UM/UIM is optional in the state, but every insurer must offer it. If you don't want it, you must decline it in writing. But UM/UIM is worth it since it covers damages you sustain in an accident that is not your fault with a driver who does not have insurance or does not have enough coverage. Hit-and-runs may also fall under UM/UIM. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Full Coverage Car Insurance in Dallas

The following companies, on average, offer the most affordable rates for a full coverage policy in Dallas:

  • State Farm: $793 per year
  • Texas Farm Bureau: $937 per year

Dairyland is the most expensive car insurance company, charging around $2,396 annually in Dallas for full coverage.

As of October 2022, State Farm is also the cheapest full coverage car insurance provider in Texas, with its statewide average cost at $711 per year, less than what Dallas drivers pay.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$793Monthly Premium$66
Texas Farm BureauAnnual Premium$937Monthly Premium$78
AllstateAnnual Premium$1,006Monthly Premium$84
MercuryAnnual Premium$1,027Monthly Premium$86
GEICOAnnual Premium$1,094Monthly Premium$91
AAA TexasAnnual Premium$1,150Monthly Premium$96
NationwideAnnual Premium$1,201Monthly Premium$100
ForemostAnnual Premium$1,559Monthly Premium$130

Comprehensive and collision insurance are part of a full coverage policy.

  • Comprehensive insurance: This coverage will cover the repair or replacement costs if the damage to your car is due to a non-accident incident, such as fire, flood or theft.
  • Collision insurance: You will get compensation through this coverage if you damage your car in an at-fault accident.

Buying full coverage for older vehicles might not be the best choice, as you will pay a lot of money to insure a vehicle that may not have much value.

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Cheapest Car Insurance in Dallas After a Driving Offense

MoneyGeek’s research shows that the following companies offer the average cheapest rates for Dallas drivers with a moving violation on their record:

  • Speeding ticket: State Farm ($793 per year)
  • At-fault accident: State Farm ($985 per year)
  • DUI: Mercury ($1,407 per year)

The highest priced full coverage policy with a speeding ticket is with Dairyland at around $2,952 per year; with an at-fault accident, it is Foremost at roughly $3,631 per year; and with a DWI (Texas does not use DUI), it is Chubb at around $3,092 per year.

A moving violation may significantly affect your rate for many years, which means the most affordable insurer for you will still be more expensive than the cheapest option for a safe driver.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$793Monthly Premium$66
Texas Farm BureauAnnual Premium$937Monthly Premium$78
AllstateAnnual Premium$1,006Monthly Premium$84
GEICOAnnual Premium$1,275Monthly Premium$106
NationwideAnnual Premium$1,405Monthly Premium$117
MercuryAnnual Premium$1,487Monthly Premium$124
AAA TexasAnnual Premium$1,506Monthly Premium$125
ChubbAnnual Premium$1,706Monthly Premium$142

Severe violations (like a DWI in Texas) may significantly increase your car insurance. MoneyGeek found that drivers with a DWI pay around $347 more per year in Dallas for a full coverage policy than someone with a speeding ticket. They also have to file an SR-22, a certificate of financial responsibility that proves they have at least the minimum liability coverage Texas requires. The insurer files the SR-22 on their behalf, and they must have a valid SR-22 for a minimum of two years.

You should shop around to find the cheapest car insurance for a poor driving record since rates can vary significantly between companies.

Cheapest Car Insurance in Dallas for Teens and Their Families

Teens on a full coverage family policy in Dallas will find the most affordable car insurance, on average, from the following companies:

  • State Farm: $2,103 per year for female teens; Nationwide: $2,472 per year for male teens
  • Nationwide: $2,153 per year for female teens; State Farm: $2,537 per year for male teens

The second-cheapest option for female teens is Nationwide, with an average cost of $2,153 per year, while for male teens, it’s State Farm, charging around $2,537 per year.

Allstate is the most expensive option for male and female teens, charging roughly $8,390 per year and $7,120 per year, respectively.

Insurers charge more to male teens because of an increased risk of at-fault accidents and moving violations. But, this difference drops off in early adulthood.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
State FarmFamily Plan Annual Premium$2,103Individual Plan Monthly Premium$9,450
NationwideFamily Plan Annual Premium$2,153Individual Plan Monthly Premium$7,638
GEICOFamily Plan Annual Premium$2,897Individual Plan Monthly Premium$8,626
ForemostFamily Plan Annual Premium$3,593Individual Plan Monthly Premium$15,615
ProgressiveFamily Plan Annual Premium$4,093Individual Plan Monthly Premium$18,261
AllstateFamily Plan Annual Premium$7,120Individual Plan Monthly Premium$13,098

The policy cost will be significantly higher if a teen driver buys a policy compared to being on a family policy. And it is usually illegal for a teen under 18 to purchase auto insurance without a parent or guardian as a co-signer.

For instance, MoneyGeek found that a 16-year-old male driver in Dallas will pay an average of $7,077 per year for their full coverage policy, while the cost of a family policy is around $3,810 per year.

You can find cheap car insurance for teens by comparing rates from different insurers.

Cheapest Car Insurance in Dallas for Military Drivers

On average, the most affordable full coverage car insurance for active-duty military or veterans in Dallas is with the following:

  • State Farm: $793 per year
  • Texas Farm Bureau: $937 per year

USAA is also an ideal option, as it offers auto insurance policies tailored to and restricted to members of the military community. The company offers cheap military car insurance in Dallas at roughly $950 annually for full coverage.

As of October 2022, State Farm also offers the cheapest minimum coverage policy in Dallas, costing around $387 annually. USAA is the second cheapest, with an average cost of $434 annually.

Although GEICO was not one of the cheapest options for full or minimum coverage in Dallas as an active-duty military member or veteran in MoneyGeek's study, you may want to get a quote from the company. It has discounts available for the military community that may reduce your premium substantially.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$793Monthly Premium$66
Texas Farm BureauAnnual Premium$937Monthly Premium$78
USAAAnnual Premium$950Monthly Premium$79
AllstateAnnual Premium$1,006Monthly Premium$84
MercuryAnnual Premium$1,027Monthly Premium$86
GEICOAnnual Premium$1,094Monthly Premium$91
AAA TexasAnnual Premium$1,150Monthly Premium$96
NationwideAnnual Premium$1,201Monthly Premium$100

How to Compare Cheap Dallas Car Insurance Quotes Online

In Dallas, 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 13, 2024

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Cheapest Car Insurance in Dallas for Young Adults

The following companies, on average, offer the cheapest full coverage car insurance for young adults in Dallas:

  • State Farm: $1,022 per year
  • Texas Farm Bureau: $1,157 per year

Dairyland is the most expensive car insurance company in Dallas for young adults with full coverage, with an average annual policy cost of $2,935.

A 25-year-old driver pays an average of $1,703 per year for full coverage in Dallas, while the average cost is $1,314 per year for a 40-year-old driver.

Insurers generally charge higher rates to young drivers because they are more at risk of getting into accidents.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,022Monthly Premium$85
Texas Farm BureauAnnual Premium$1,157Monthly Premium$96
GEICOAnnual Premium$1,284Monthly Premium$107
AllstateAnnual Premium$1,348Monthly Premium$112
MercuryAnnual Premium$1,406Monthly Premium$117
NationwideAnnual Premium$1,458Monthly Premium$121
AAA TexasAnnual Premium$1,501Monthly Premium$125
National GeneralAnnual Premium$1,974Monthly Premium$164

Cheapest Car Insurance in Dallas for Seniors

MoneyGeek found the following companies offer, on average, the most affordable car insurance for seniors with full coverage car insurance in Dallas:

  • State Farm: $721 per year
  • Texas Farm Bureau: $777 per year

Dairyland offers seniors the most expensive full coverage car insurance in Dallas, charging around $2,163 annually.

The average annual premium for a 40-year-old driver is $1,314 per year in Dallas, while a 65-year-old driver pays roughly $1,255 per year.

Car insurance rates are generally higher for seniors than middle-aged adults due to an increased risk of accidents, but that’s not the case in Dallas.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$721Monthly Premium$60
Texas Farm BureauAnnual Premium$777Monthly Premium$65
AllstateAnnual Premium$923Monthly Premium$77
NationwideAnnual Premium$974Monthly Premium$81
GEICOAnnual Premium$1,072Monthly Premium$89
MercuryAnnual Premium$1,081Monthly Premium$90
AAA TexasAnnual Premium$1,142Monthly Premium$95
ChubbAnnual Premium$1,374Monthly Premium$115

Cheapest Car Insurance in Dallas for Poor Credit

The following companies offer the average cheapest rate to drivers looking for full coverage with a poor credit history in Dallas:

  • Mercury: $1,518 per year
  • Allstate: $1,532 per year

State Farm charges the highest rate for full coverage car insurance for drivers with bad credit. Its policy in Dallas costs roughly $4,310 per year.

MoneyGeek found that drivers with a poor credit history pay an average of $1,067 per year or 81% more for a full coverage policy than those with good credit.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
MercuryAnnual Premium$1,518Monthly Premium$127
AllstateAnnual Premium$1,532Monthly Premium$128
NationwideAnnual Premium$1,615Monthly Premium$135
AAA TexasAnnual Premium$1,806Monthly Premium$150
ForemostAnnual Premium$1,902Monthly Premium$158
Texas Farm BureauAnnual Premium$2,091Monthly Premium$174
ProgressiveAnnual Premium$2,635Monthly Premium$220
National GeneralAnnual Premium$2,764Monthly Premium$230

Insurers believe that drivers with bad credit scores or lower credit-based insurance scores generally file more claims, which causes them to charge them more. Besides improving their credit score over time, such drivers can look for discounts, bundle different policies and compare quotes to find a cheaper policy.

Cheapest Car Insurance in Dallas for Sports Cars

MoneyGeek found that the following companies offer, on average, the most affordable car insurance for drivers with sports cars in Dallas with a full coverage policy:

  • State Farm: $974 per year
  • GEICO: $1,227 per year

Dairyland is the most expensive car insurance company with a sports car in Dallas, costing an average of $2,464 annually.

MoneyGeek found that insuring a Ford Mustang sports car in Dallas is around 24% more expensive than a standard Toyota Camry, costing roughly $309 more a year.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$974Monthly Premium$81
GEICOAnnual Premium$1,227Monthly Premium$102
AllstateAnnual Premium$1,265Monthly Premium$105
NationwideAnnual Premium$1,440Monthly Premium$120
ForemostAnnual Premium$1,723Monthly Premium$144
ChubbAnnual Premium$1,848Monthly Premium$154
ProgressiveAnnual Premium$2,044Monthly Premium$170

MoneyGeek used a Ford Mustang to represent a sports car when collecting quotes in Dallas. But your car insurance cost may vary based on your sports car’s make and model. Also, luxury, electric and sports cars tend to cost the most to insure.

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WHAT RATING FACTORS INFLUENCE THE COST OF CAR INSURANCE IN DALLAS?

There are no restrictions in Texas on what rating factors insurers can use to calculate your premium. Your gender, age, marital status, employment status and occupation, level of education, motor vehicle record, vehicle type, ZIP code and more may affect how much you pay for car insurance in Dallas. Getting quotes from multiple companies is a smart choice since each may weigh factors differently. For example, one company may charge a great deal more to drivers with bad credit, a speeding ticket or who are single than another.

Average Cost of Car Insurance in Dallas

The average cost of car insurance in Dallas for a full coverage policy is $1,314 per year, around $113 more than the average car insurance cost in Texas and about $49 more than the national average. Your location significantly affects your auto insurance rate.

On average, car insurance in Dallas is $174 more a year than in Corpus Christi and $182 more annually than in Denton.

The rates discussed are 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 per accident, which are limits recommended by insurance professionals.

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.