Who Has The Cheapest Auto Insurance Quotes In Texas 2021

 

Cheapest full coverage auto insurance: Fred Loya
There is no single definition of a full coverage policy, but the term usually refers to auto insurance that includes comprehensive and collision insurance. In Texas, the average annual cost of a full coverage policy is $2,653. The cheapest insurance companies for full coverage are the same as those for minimum liability: USAA, Fred Loya Insurance and State Farm.

  • Fred Loya Insurance: At $979 per year, Fred Loya is easily the cheapest option in Texas for full coverage among our surveyed insurers.
  • USAA: Full coverage policies with USAA cost an average of $1,292 per year for our sample driver, though you must qualify for membership.
  • State Farm: This is the cheapest insurer that has a major market share — so it's widely available — and no eligibility requirements. A full coverage policy from State Farm costs an average of $1,245 per year.


Full coverage policies can have huge variations in prices across insurers. For instance, MetLife policies cost our driver an average of $5,405 per year in Texas, more than five times as expensive as Fred Loya Insurance. The variation in prices means that when you look for quotes for a full coverage policy, you should compare at least three companies.

Cheapest Texas auto insurance companies for full coverage, ranked
1 Fred Loya Insurance $979 2 State Farm $1,245 3 Geico $2,140 4 Nationwide $2,490 5 Chubb $2,563 6 Dairyland $3,271 7 Allstate $4,496 8 MetLife $5,405 N/A USAA $1,292 USAA is not ranked because only military members (current and former) and their families are eligible.



Cheapest auto insurance after an at-fault accident: Fred Loya
One of the most important factors affecting car insurance rates — in Texas and elsewhere — is your driving history. We found that if you're at fault for an accident, these insurers will raise your rates by an average of 58%. After raising rates, the cheapest companies remained the same: Fred Loya Insurance, State Farm and USAA.

Cheapest Texas auto insurance companies for full coverage after an accident, ranked
1 Fred Loya Insurance $1,215 $979 $236 2 State Farm $1,461 $1,245 $216 3 Geico $3,312 $2,140 $1,172 4 Nationwide $3,857 $2,490 $1,367 5 Dairyland $4,303 $3,271 $1,032 6 Chubb $4,371 $2,563 $1,808 7 Allstate $7,110 $4,496 $2,614 8 MetLife $10,190 $5,405 $4,785 N/A USAA $1,925 $1,292 $633 USAA is not ranked because only military members (current and former) and their families are eligible.

Drivers who were recently involved in an accident should check out State Farm and Fred Loya Insurance, as the change in rates was relatively minor (under $250).


Cheapest auto insurance after a speeding ticket: Fred Loya
A speeding ticket on your driving record may also impact your car insurance rates, though generally not as much as an at-fault accident. Our analysis found that average auto insurance rates in Texas go up by 7% for a driver with a single speeding ticket on their record.

Fred Loya, State Farm, Chubb, Allstate and Metlife, however, quoted our sample driver the same rates both before and after a speeding ticket. We recommend that Texan drivers who have received a speeding ticket consider a policy from either Fred Loya or State Farm. These companies offer affordable full coverage policies and do not raise rates after a speeding ticket.

Cheapest Texas auto insurance companies for full coverage after a speeding ticket, ranked
Rate after speeding ticket

Rate before speeding ticket

1 Fred Loya Insurance $979 $979 $0 2 State Farm $1,245 $1,245 $0 3 Chubb $2,563 $2,563 $0 4 Geico $2,580 $2,140 $440 5 Nationwide $3,004 $2,490 $514 6 Dairyland $3,861 $3,271 $590 7 Allstate $4,496 $4,496 $0 8 MetLife $5,405 $5,405 $0 N/A USAA $1,458 $1,292 $166 USAA is not ranked because only military members (current and former) and their families are eligible.

Cheapest auto insurance after a DUI: Fred Loya

Texans who receive a citation for driving under the influence (DUI) may find that their rates increase by 72%, from $2,653 before a citation to $4,565 after an accident. Fred Loya, State Farm and USAA remain the most affordable insurers for drivers, offering rates that are 64%, 59% and 58% cheaper than the state average, respectively.

Cheapest Texas auto insurance companies for full coverage after a DUI, ranked
1 Fred Loya Insurance $1,638 $979 $659 2 State Farm $1,888 $1,245 $643 3 Dairyland $3,286 $3,271 $15 4 Geico $3,741 $2,140 $1,601 5 Nationwide $4,926 $2,490 $2,436 6 Chubb $5,547 $2,563 $2,984 7 Allstate $7,043 $4,496 $2,547 8 MetLife $11,079 $5,405 $5,674 N/A USAA $1,941 $1,292 $649 USAA is not ranked because only military members (current and former) and their families are eligible.

Dairyland stands out from other insurers for its minimal rate increase after a DUI. Our sample driver was quoted an annual premium only $15 more expensive than the one he received before a DUI. The cheapest insurers overall, however, were Fred Loya, State Farm and USAA, in keeping with the state trend.


Cheapest auto insurance for drivers with poor credit: Fred Loya

Insurance companies set rates based on the perceived risk a driver poses, and many regard drivers with a low credit score as higher-risk than drivers with fair, good or excellent credit. Fred Loya is the exception to this rule. While the other insurers in our study raised rates for drivers with poor credit and lowered them for those with very good credit, Fred Loya charged drivers across all credit tiers $979 annually for full coverage. That's $2,344 annually (and $195 monthly) cheaper than the state average of $3,323.

Cheapest Texas auto insurance companies for drivers with poor credit, ranked

1 Fred Loya Insurance $979 2 State Farm $1,928 3 Nationwide $2,823 4 Geico $3,023 5 Chubb $3,342 6 Dairyland $3,718 7 Allstate $4,115 8 MetLife $8,003 N/A USAA $1,974 USAA is not ranked because only military members (current and former) and their families are eligible.

Fred Loya's affordable rates across all credit tiers make it the best option for drivers with a low credit score in Texas.


Cheapest car insurance for young drivers in Texas

Drivers in their teens get into far more accidents than adult drivers, making them riskier and costlier to insure. Average full coverage premiums for our sample 18-year-old Texan driver were 166% higher than premiums for our sample 30-year-old driver.

ValuePenguin recommends that teen drivers get full coverage insurance if at all possible. The difference in cost is significant; average annual premiums for minimum coverage are just $2,737, compared to $7,066 for full coverage. However, having collision and comprehensive coverage in place is particularly helpful for teens, who are statistically more likely to get into an accident and need to pay for repairs to their car.

Cheapest Texas auto insurance companies for young drivers, ranked
Fred Loya offered Texan teens the best rates for full coverage. An annual policy costs $3,651, which is $3,415 cheaper than the state average. The best rates for minimum coverage came from State Farm, which charged teen drivers $1,795 annually.

Quote for minimum coverage

1 Fred Loya $3,651 $2,136 $1,515 2 State Farm $3,750 $1,795 $1,955 3 Geico $4,475 $2,123 $2,352 4 Chubb $6,610 $2,876 $3,734 5 Dairyland $7,408 $2,610 $4,798 6 Allstate $8,472 $2,490 $5,982 7 Nationwide $9,283 $3,825 $5,458 8 MetLife $17,623 $5,916 $11,707 N/A USAA $2,316 $861 $1,455 USAA is not ranked because only military members (current and former) and their families are eligible.

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