Best cheap car insurance in Austin
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The best cheap car insurance companies in Austin, Texas, are USAA, State Farm and Geico, among others, according to Bankrate’s 2022 study of quoted annual premiums. The average cost of insurance in Austin is $1,758 per year for full coverage, or $147 monthly, and $533 per year for minimum coverage. Car insurance rates in Austin are slightly below Texas’ annual averages of $1,868 for full coverage and $551 for minimum coverage. However, drivers still have numerous options with some of the best providers for even more affordable rates.
Best cheap car insurance companies in Austin
Nationwide, Geico, USAA, State Farm and Allstate ranked as the cheapest car insurance companies in Austin while earning strong Bankrate Scores. Bankrate analyzed rates from Quadrant Information Services for multiple providers, accounting for financial strength ratings, customer service rankings, coverage options and discounts available to select the best companies. A scale of up to five points was used for the Bankrate Score and provides a snapshot of how the best car insurance companies in Austin compare based on these attributes.
|Insurance company||Bankrate Score||J.D. Power score||Average annual full coverage premium||Average annual minimum coverage premium|
*Not officially ranked with J.D. Power due to eligibility restrictions
Nationwide is one of the cheapest car insurance companies in Austin for full and minimum coverage, according to our study. While the rates are competitive in the area overall, Nationwide offers a wide range of discounts for drivers for additional savings. Drivers who participate in an approved driver safety program or enroll in paperless billing can typically qualify for a discounted premium. However, Nationwide did not earn a score in the 2022 J.D. Power Auto Customer Satisfaction Study (Texas region), indicating there may be opportunities for improvement with customer interactions.
Learn more: Nationwide Insurance review
Geico offers some of the cheapest rates among the list of car insurance companies; however, the company performs slightly below average in the J.D. Power study for customer satisfaction. Although Geico does not offer the cheapest full coverage rates in Austin, drivers may find additional ways to save on premiums with discounts. These discounts range from paperless billing and new vehicle discounts to savings for having safety equipment, such as airbags and anti-lock brakes.
Learn more: Geico Insurance review
USAA also offers some of the cheapest rates in Austin, but it stands out for its superior customer experience. However, membership is limited to current or former members of the U.S. military and their immediate families. Drivers who do qualify may benefit from its high customer service ratings and available digital tools. USAA also achieves an A++ (Superior) AM Best rating for financial strength.
Learn more: USAA Insurance review
State Farm has some of the cheapest rates in Austin among insurers on our list, and it performs extremely well in the 2022 J.D. Power Customer Satisfaction Study. Additionally, Austin drivers may be able to take advantage of multiple discounts and coverage options offered by State Farm. Policyholders may add options such as rental car reimbursement and rideshare coverage for greater flexibility or benefit from the service and expertise of one of the 19,000+ local State Farm agents.
Learn more: State Farm Insurance review
Allstate ranks as one of the cheapest car insurance companies in Austin, but it offers many additional advantages for drivers. It earns an A+ (Superior) AM Best rating for financial stability. Allstate also offers tools for added convenience, including obtaining a quote and purchasing a policy online or for managing insurance via its mobile app. Discounts can help drivers save, including multiple policy savings, having safety equipment and new car discounts. While it earns a below-average J.D. Power score, Allstate’s mobile app is highly-rated and offers customers the ability to manage insurance needs from a smartphone, like filing claims and updating policy coverages.
Learn more: Allstate Insurance review
How to get and keep the cheapest car insurance in Austin
It may take research to find the cheapest car insurance in Austin for you, and once you do, keeping rates low may mean reviewing your policy annually. This will help ensure you are getting affordable rates for your circumstances. Here are a few other ways to get and keep the cheapest car insurance in Austin:
- Compare multiple insurance providers. Shopping around and gathering quotes from several insurance providers gives you a true picture of the cheapest car insurance companies for you. Rates differ from company to company, so whether you are obtaining a new policy or reviewing your existing policy, shopping may help you find the best rates.
- Shop around after life events. When you move to a home, relocate for a job, get married or add a teenage driver to your policy, it provides a prime opportunity to compare providers and find cheaper insurance companies. You may be able to modify your coverage or take advantage of new or additional discounts for greater savings based on your changed life circumstances.
Frequently asked questions
Finding the best car insurance in Austin for your needs will largely depend on which insurer attributes are most important to you. While finding the cheapest rates is a significant priority for many drivers, looking at an insurance provider’s customer service ratings, coverage options, discounts and financial strength ratings will also offer insight into which insurer is the best for your situation.
The average cost of car insurance in Austin is $1,758 per year for full coverage or $147 monthly. Minimum coverage in Austin costs an average of $533 per year or $45 monthly. It’s important to note the cost of car insurance in Austin can be impacted by a variety of factors, including ZIP code, make and model, motor vehicle history and how many miles you drive per year. Comparing quotes from more than one insurer will give you the best idea of how much car insurance costs in Austin for your situation.
With providers that offer the option, buying car insurance online is fairly straightforward. Most car insurance companies offer online quotes, and an increasing number allow the option for drivers to purchase without speaking to an agent. In some cases, this may even qualify you for an additional discount. To purchase car insurance online, you must provide your driver’s license number, Social Security number, address and vehicle identification numbers. You’ll also need to provide similar information for other drivers on your policy. Contact a licensed agent for support if you have any questions during this process or are unsure what coverage you need.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.
To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.
While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.