Who Has the Cheapest Car Insurance in Austin, Texas?
The average cost of car insurance in Austin, Texas, is $979 per year, or $82 per month, for a minimum-coverage policy.
Compare Car Insurance Rates in Austin, Texas
ValuePenguin gathered quotes from nine of the largest auto insurers in Texas and found that State Farm offers the cheapest minimum coverage insurance in Austin. Rates from State Farm average $50 per month for minimum coverage. However, the cheapest full coverage comes from Fred Loya with an average rate of $95 a month.
Austin is one of the most populous cities in Texas, and residents pay slightly higher auto insurance rates to reflect that risk. The average cost of minimum liability car insurance in Austin is $979, whereas the statewide mean is $926.
Depending on the insurer you choose, rates for full coverage in Austin differ by more than $4,000 per year. That's why we recommend getting multiple quotes before buying a policy.
Cheapest auto insurance in Austin: State Farm
State Farm has the best rates for Austin drivers seeking minimum coverage. The average annual rate is $979, but State Farm customers pay 39% less — just $595 per year.
Fred Loya has the second-best rates for Austin drivers, charging $636 per year, and Nationwide has the third-best rates, charging $891 per year. If you're looking for affordable minimum coverage insurance in Austin, we'd recommend getting quotes from these three companies.
Compare Car Insurance Rates in Austin, Texas
Cheap rates make minimum liability coverage seem like an attractive option, but drivers should be aware that minimum coverage offers no protection for their own car. These policies are affordable because they only pay for damage to the other driver's property or person.
Best cheap car insurance rates in Austin, TX
Insurer | Annual Cost | |
|---|---|---|
| State Farm | $595 |
| Fred Loya | $636 |
| Nationwide | $891 |
| Dairyland | $931 |
| Chubb | $1,013 |
*USAA is only available to current and former military members and their families.
Cheapest full coverage car insurance in Austin: Fred Loya
Austin drivers looking for full coverage should contact Fred Loya for a quote. The average cost of full coverage in Austin is $2,690, but Fred Loya charges only $1,144. That saves drivers $1,546 per year.
We'd also recommend getting quotes from State Farm for full coverage. State Farm has a much stronger customer service reputation than Fred Loya, and coverage costs only $13 more each month. USAA is a great option for members of the armed forces and their families; customer service is excellent, and rates are only $12 more per month than what Fred Loya charges.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $1,144 |
| 2 | State Farm | $1,294 |
| 3 | Geico | $2,212 |
| 4 | Nationwide | $2,263 |
| 5 | Chubb | $2,650 |
| 6 | Dairyland | $3,638 |
| 7 | Allstate | $4,459 |
| 8 | MetLife | $5,266 |
| N/A* | USAA | $1,285 |
*USAA is only available to current and former military members and their families.
Full coverage auto insurance includes collision and comprehensive coverage, which protect your own car.
- Comprehensive coverage: Covers damage to your car that results from non-collision incidents, such as a fallen tree branch, a wild animal or storm damage.
- Collision coverage: Pays for repairs to your car after a collision with another driver or an object, no matter who is responsible for the incident.
Cheap car insurance for drivers with prior incidents
Car insurance costs more if you've been in an accident or have a speeding ticket or DUI citation. A poor credit score can also raise your rates. Insurance companies view these factors as signs of increased risk and adjust rates accordingly.
ValuePenguin identified the most affordable insurers for Austin drivers with the following incidents on their records:
Cheapest car insurance in Austin after an accident: Fred Loya
The cheapest auto insurance for Austin drivers with an at-fault accident on their record comes from Fred Loya, State Farm and Geico. Rates from these three insurers averaged $2,141 annually for full coverage. That's about 50% less than the average cost in Austin, which is $4,251.
Just one at-fault accident can raise the cost of insurance. Rates in Austin go up by 58% after an at-fault accident, on average.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $1,438 |
| 2 | State Farm | $1,534 |
| 3 | Geico | $3,451 |
| 4 | Nationwide | $3,497 |
| 5 | Chubb | $4,525 |
| 6 | Dairyland | $4,796 |
| 7 | Allstate | $7,142 |
| 8 | MetLife | $9,944 |
| N/A* | USAA | $1,927 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for people with a speeding ticket: Fred Loya
A speeding ticket in Austin increases the average cost of full coverage by $193, making it the least costly incident you can have on your record. An at-fault accident raises average rates by $1,561, while a DUI raises them by $1,925.
In fact, Fred Loya and State Farm do not raise rates at all for a speeding ticket. This means that they are 60% and 55% cheaper than the city average, respectively.
If you're looking for quotes after a speeding ticket, start with these two insurers.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $1,144 |
| 2 | State Farm | $1,294 |
| 3 | Chubb | $2,650 |
| 4 | Geico | $2,659 |
| 5 | Nationwide | $2,727 |
| 6 | Dairyland | $4,294 |
| 7 | Allstate | $4,459 |
| 8 | MetLife | $5,266 |
| N/A* | USAA | $1,451 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with a DUI: Fred Loya
Driving under the influence of alcohol raises your rates by 72% in Austin.
If you have a DUI citation, get quotes from Fred Loya, State Farm and Dairyland. Rates from these three insurers are 45% cheaper than the city average for drivers with a DUI, which is $4,615 for full coverage.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $1,932 |
| 2 | State Farm | $2,007 |
| 3 | Dairyland | $3,657 |
| 4 | Geico | $3,908 |
| 5 | Nationwide | $4,462 |
| 6 | Chubb | $5,745 |
| 7 | Allstate | $7,071 |
| 8 | MetLife | $10,813 |
| N/A* | USAA | $1,944 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with poor credit: Fred Loya
Some insurers will see a low credit score as a sign of increased risk and increase your rates. The average cost of full coverage for Austin drivers with poor credit is $3,360. To put that in perspective: Drivers with average credit pay $2,234, and drivers with very good credit pay $1,726 on average.
Fred Loya is the exception to this rule. Our analysis of auto insurance quotes in Austin found that the company charges the same rates, no matter what your credit score is. Full coverage from Fred Loya costs $1,144 annually.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $1,144 |
| 2 | State Farm | $2,009 |
| 3 | Nationwide | $2,558 |
| 4 | Geico | $3,122 |
| 5 | Chubb | $3,458 |
| 6 | Allstate | $4,074 |
| 7 | Dairyland | $4,120 |
| 8 | MetLife | $7,802 |
| N/A* | USAA | $1,953 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for married drivers: Fred Loya
Fred Loya has the cheapest rates for married drivers in Austin, charging just $1,047 per year for full coverage. That's $1,403 less expensive than the average rate for married drivers in the city and $97 less expensive than Loya's average rate for single drivers.
Insurers often charge married drivers lower rates than single drivers. Average rates for married drivers in Austin are $240 cheaper per year, according to ValuePenguin's analysis.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $1,047 |
| 2 | State Farm | $1,294 |
| 3 | Nationwide | $2,088 |
| 4 | Geico | $2,307 |
| 5 | Chubb | $2,650 |
| 6 | Dairyland | $3,400 |
| 7 | Allstate | $3,931 |
| 8 | MetLife | $4,229 |
| N/A* | USAA | $1,110 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers: Fred Loya
Average auto insurance rates for full coverage in Austin were $4,473 more expensive for our sample 18-year-old driver than for our 30-year-old driver.
We urge all young drivers to stay on their parents' insurance if at all possible. If that's not feasible, start by getting quotes from Fred Loya and State Farm. Fred Loya's quotes are 48% cheaper than the city average and State Farm's are 44% cheaper. State Farm offers a good student discount and a student-away-at-school discount that can help young drivers shave even more off their rates.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $3,720 |
| 2 | State Farm | $4,025 |
| 3 | Geico | $4,728 |
| 4 | Chubb | $7,027 |
| 5 | Dairyland | $8,384 |
| 6 | Allstate | $8,493 |
| 7 | Nationwide | $8,506 |
| 8 | MetLife | $17,237 |
| N/A* | USAA | $2,348 |
*USAA is only available to current and former military members and their families.
Average car insurance cost in Austin, by ZIP code
Residents of Austin ZIP code 78737 paid the lowest average rates, while residents of ZIP code 78741 paid the highest rates. Insurers set rates based on factors like traffic, crime rates and the number of uninsured drivers in a given area.
ZIP code | Average full coverage insurance cost | Average minimum coverage insurance cost |
|---|---|---|
| 78617 | $2,840 | $1,035 |
| 78653 | $2,747 | $1,013 |
| 78701 | $2,666 | $960 |
| 78702 | $2,792 | $1,008 |
| 78703 | $2,643 | $956 |
Auto theft statistics in Austin
ValuePenguin's review of 2019 FBI crime data found that Austin residents have a three in 1,000 chance of having their car stolen. Out of the 11 most populous cities in Texas, Austin has the seventh-highest rate of car theft.
Rank | City | Population | Car thefts | Thefts per 1,000 |
|---|---|---|---|---|
| 1 | Dallas | 1,363,295 | 10,257 | 7.5 |
| 2 | Houston | 2,355,606 | 13,098 | 5.6 |
| 3 | San Antonio | 1,559,166 | 7,781 | 5.0 |
| 4 | Lubbock | 259,208 | 1,225 | 4.7 |
| 5 | Fort Worth | 915,237 | 3,335 | 3.6 |
Motor vehicle theft data was pulled from the FBI 2019 Texas crime report.
Methodology
This ValuePenguin study pulled thousands of quotes from nine of the largest insurers in Texas. Rates are for full coverage unless otherwise noted. He is a 30-year-old male who drives a 2015 Honda Civic EX and has an average credit score.
We gave our driver the following full coverage limits:
Coverage type | Study limits |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Personal injury protection | $10,000 |
| Property damage liability | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
Quadrant Information Services supplied ValuePenguin with the insurance rate data used in this analysis. Rates were publicly sourced from insurer filings and should be used solely for comparative purposes. Your own quotes will likely differ based on your own driving history, credit, age and gender.