Who has the best auto and home insurance rates in Texas?
Based on MoneyGeek's research, State Farm offers the best bundle insurance in Texas in terms of quality and customer service at a cost of $3,814 per year. Farmers offers the cheapest home and auto bundle at $2,818 per year.
Based on MoneyGeek's research, State Farm offers the best bundle insurance in Texas in terms of quality and customer service at a cost of $3,814 per year. Farmers offers the cheapest home and auto bundle at $2,818 per year.
| Cheapest Car Insurance in Texas (by category) | Company | Average Monthly Premium |
|---|---|---|
| Minimum Liability Coverage | State Farm | $27 |
| Full Coverage | Texas Farm Bureau | $100 |
| Young Drivers | Texas Farm Bureau*** | $242** |
| Seniors | Texas Farm Bureau | $80** |
- Best overall: Allstate.
- Runner-up: Texas Farm Bureau Insurance.
- Best from a big-name insurer: Farmers.
- Best for military members and veterans: USAA.
The average cost of homeowners insurance in Texas ranges from an average of $1,633 to $4,518 per year, but you may be able to find cheaper home insurance with companies like AFI, Nationwide and Chubb.
Texas Farm Bureau, State Farm and USAA are the cheapest insurance companies in Texas. All three offer full-coverage policies for less than $115 per month, which is much cheaper than average.
- State Farm is the cheapest car insurance company among large insurers, with an average minimum rate of $39 per month.
- American National has the cheapest auto insurance among midsize companies, with an average rate of $27 per month.
Geico and USAA are among the insurance companies that are cheaper than Allstate.
Geico tends to have cheaper rates than Allstate, but Allstate offers more extensive coverage options and flexible roadside assistance packages, which come at a higher premium. Both companies offer similar coverage and discounts.
| Company | Average cost per year for good drivers | Average cost per month for good drivers |
|---|---|---|
| USAA* | $1,364 | $114 |
| Nationwide | $1,436 | $120 |
| Travelers | $1,521 | $127 |
| Geico | $1,597 | $133 |
What is the best car insurance for seniors?
Nationwide, USAA and Travelers have the best car insurance for seniors in 2024. Each receives 5 stars in our best car insurance for seniors rating.
State Farm has the cheapest liability car insurance coverage for senior drivers in Texas at an average annual premium of $442. USAA and Geico also offer cheap liability insurance rates to seniors in Texas, based on CarInsurance.com data analysis.
| Insurance company | Best for | Bankrate Score |
|---|---|---|
| Amica | Best overall | 4.6 Rating: 4.6 stars out of 5 |
| Geico | Best overall | 4.4 Rating: 4.4 stars out of 5 |
| Progressive | Best for digital policy management | 4.4 Rating: 4.4 stars out of 5 |
| Safeco | Best for added perks | 4.3 Rating: 4.3 stars out of 5 |
To purchase a AAA Texas Home Insurance policy, you must have an active AAA Texas Auto policy. After completing your home quote, you can continue for an auto quote. You can save up to 22% on your home policy and up to 16% on your auto policy when you insure both through AAA Texas.
The 80% rule means that an insurer will only fully cover the cost of damage to a house if the owner has purchased insurance coverage equal to at least 80% of the house's total replacement value.
These include the state's unpredictable weather patterns, the rising cost of construction, high property crime rates, a litigious culture, and frequent insurance claims, economic factors like inflation and low interest rates, and regulatory aspects by the Texas Department of Insurance.
Geico's rates are typically lower overall, but Progressive tends to offer better prices to high-risk drivers. High-risk drivers are those with a recent DUI, at-fault accident or speeding ticket on their driving record. Of course, costs vary by driver, and your rates are determined by a number of factors, including: Age.
No, Liberty Mutual car insurance is not cheaper than Geico. A policy from Liberty Mutual costs 30% more than one from Geico, on average.
The insurer has some of the most affordable rates — our research found that Geico's average rates tend to be 26% cheaper than the national average of $2,508 for good drivers. This is in addition to the savings that drivers can get by participating in the company's discount offerings.
Is USAA Only for Military? Yes, USAA is only available to active and retired military members and their families. This includes active-duty, former military, cadets, widows, current or un-remarried spouses, and children.
Why does my car insurance keep going up?
Your rate may go up if you have comprehensive auto coverage and file a claim for incidents like car theft and vandalism, hitting a deer, fire, glass breakage (including a cracked windshield), hail/weather-related damage, and other acts of nature.
AAA insurance premiums tend to be more expensive than the national average because AAA doesn't write its own policies. Each regional club operates independently and sells insurance policies underwritten by different agencies.
Geico, we found that Geico offers cheaper auto insurance on average. We gave Geico 9.1 out of 10.0 points in the cost category in our industry-wide insurance review, while Allstate earned 7.4 points. But Geico doesn't just offer lower rates than Allstate.
Overall, Progressive has cheaper average car insurance rates than Allstate. The average national cost for full-coverage auto insurance at Progressive is $1,611 per year, while Allstate is $2,088 per year. However, with its long list of discounts, Allstate can be a cheaper option for some drivers.
State Farm outperformed Allstate in our ratings, offering more affordable premiums and higher customer satisfaction. Allstate's average rates for drivers with poor credit were cheaper than State Farm's.
