Using a Texas car insurance calculator can be a great way to find out how much coverage you’ll need, depending on how old you are, what type of car you drive and what ZIP code you live in. But it’s important to note that the calculator does not include the state minimums for insurance, so be sure to check that out first.
Cost by age
Choosing car insurance in Texas can be a daunting task. You’ll need to weigh the factors that affect your rates to find the best policy for your budget.
Car insurance companies base their rates on a number of factors, including age, gender, credit score and driving history. Insurers consider drivers under 25 as high-risk, based on their inexperience and risk of being involved in an accident.
Young drivers often pay much more than senior drivers. In Texas, a 16-year-old pays an average of $7,285 a year for car insurance. This rate includes an increase in the cost to add a 16-year-old to a parent’s policy.
Cost by gender
Depending on your state, your gender can influence how much you pay for auto insurance. However, this factor only has a small impact on the premium. Other factors, like your credit score, driving record and location, can also be responsible for the price.
Most places in the United States allow insurers to set car insurance rates partially based on gender. However, some states do not allow this factor to be included. These states include Pennsylvania, Massachusetts, North Carolina, California, Hawaii and Michigan.
Cost by type of car
Using the right insurance provider can save you a lot of money. There are a few things you need to know before you can get the most affordable rate.
The average cost of car insurance in Texas is $1823 a year, but it can be lower. Depending on your specific situation, the cost can vary considerably.
In Texas, full coverage car insurance is more expensive than liability-only insurance. Full coverage policies include collision coverage and coverage limits above the state’s minimum requirements. The price is usually higher because of the increased risk of claims.
Cost by ZIP code
WalletHub compared quotes from 59 different zip codes in Texas. It compiled quotes from drivers in 20% of the state’s population. The resulting list showed that the cost of car insurance in Texas by ZIP code is $1,689 a year on average. The cost is higher than the national average of $1,682.
While the cost of car insurance by ZIP code is higher in Texas than the national average, the state does have some areas that have significantly lower costs. For instance, drivers in the Fort Worth area pay less than the average for the state.
Minimum coverage in Texas
Almost every state requires minimum coverage for car insurance. Texas’s requirements are a bit different than the rest of the country. In Texas, liability insurance is mandatory. Liability coverage covers damages for injury and property damage. It also covers attorney fees and bail. However, serious injuries can quickly exceed the policy’s limits.
If you want more coverage, you can purchase a full coverage policy. This type of insurance policy is more expensive, but it provides better protection if you need to file a claim.