Best cheap car insurance in Dallas
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Average car insurance rates in Dallas, Texas are above the national average, so many drivers may be interested in finding cheap car insurance. The average annual auto insurance premium in Dallas is $2,038, or $170 monthly. This is more than 14 percent over than the national average of $1,771. For minimum coverage, the average annual premium in Dallas is $619 compared to $545 nationally.
According to Bankrate’s 2022 study of quoted annual premiums, the cheapest car insurance companies in Dallas include State Farm, Geico and Esurance. All three of these carriers offer average rates in Dallas below the city average.
Best cheap car insurance companies in Dallas
Drivers in the Lone Star State have many insurance companies to choose from, but we found that some of the cheapest car insurance in Dallas is offered by State Farm, Geico, Esurance, USAA and Mercury, according to rates provided by Quadrant Information Services.
In addition to cheap rates, these providers also generally performed well in third-party industry assessments like the 2022 J.D. Power Auto Insurance Study. These carriers have strong AM Best ratings for financial strength as well as robust coverage options, varied discounts and user-friendly digital tools. All these metrics were considered when assigning each carrier a Bankrate Score. With a maximum Score of 5.0, the Bankrate Score may help shoppers better identify which insurance companies could meet their needs. If you’re looking for the best cheap car insurance in Dallas, you might start with a quote from these companies:
|Insurance company||Bankrate Score||J.D. Power score (Texas region)||Average annual premium for full coverage||Average annual premium for minimum coverage|
*USAA is not officially ranked by J.D. Power due to eligibility restrictions.
On top of having some of the least expensive rates for full coverage insurance on our list, State Farm policyholders may also save on their auto insurance with the company’s extensive list of discounts. State Farm extends potential discounts for good students, being accident-free, insuring multiple vehicles, having a vehicle with safety features and more. Additionally, State Farm has two safe driver rewards programs, Steer Clear for drivers under 25 and Drive Safe & Save for drivers over 25. Although State Farm scores well on many metrics, the company may not have as many optional policy add-ons as other carriers on this list, including no gap insurance.
Learn more: State Farm Insurance review
Geico is well-known for offering cheap car insurance and several unique discounts. The carrier is one of the least expensive on our list for minimum coverage, and policyholders may extend their savings opportunities with discounts for military personnel, federal employees, good students, emergency deployment and being accident-free. Although the company has only three advertised add-on coverage options, Geico does have a highly-rated mobile app where policyholders can request roadside assistance, view ID cards and get repair estimates.
Learn more: Geico Insurance review
Esurance is a fully digital insurance company backed by Allstate. It offers a full host of online and mobile resources to manage your policy and file claims virtually. While these digital resources may be convenient for some, those who prefer working with agents in person may not enjoy the experience as much. Although Esurance is not rated by J.D. Power, it does hold an A+ (Superior) rating from AM Best for financial strength. Esurance may not be the best option for drivers looking for discounts, but it does offer its DriveSense telematics program and a potential discount for bundling auto and renters policies.
Learn more: Esurance Insurance review
USAA is consistently rated highly by third-party organizations like J.D. Power, but you must be affiliated with the military to qualify, which may limit eligibility for many drivers. In addition to offering some of the cheapest average rates in Dallas, USAA extends a number of potential discounts to policyholders including savings for garaging a vehicle on base, maintaining a clean driving record and bundling with a home or renters insurance policy. USAA may not offer as many options for policy customization as some other carriers, but it does offer roadside assistance, rental reimbursement and car replacement assistance.
Learn more: USAA Insurance review
Mercury offers a strong local agent presence in the 11 states where the company operates. Mercury offers all the standard auto insurance coverage types as well as rental car reimbursement, ridesharing coverage and underinsured and uninsured motorist coverage. While its average rates may be higher than others on our list, its premiums are still well below Dallas and national averages. Mercury has online and mobile resources for applications and policy management but not for claims filing. Mercury policyholders may save on their premium with an extensive list of potential discounts including anti-theft features, good student, multi-car and its RealDrive telematics program.
Learn more: Mercury Insurance review
How to get and keep the cheapest car insurance in Dallas
Finding cheap car insurance rates may be great news for your wallet, but maintaining low rates typically takes ongoing work and smart driving. The following tips could help you find cheap rates and maintain them over time.
- To find cheap rates, shop around: To get cheap rates, most insurance professionals recommend shopping around and comparing quotes from multiple carriers. Car insurance rates may vary based on your personal factors, so comparing quotes may be the best way to find cheap rates for your circumstances.
- To keep cheap rates, maintain a clean driving record: Driving records may be one of the most impactful variables used when determining insurance premiums. If you are concerned about your driving record, you may be able to offset some of your premium by enrolling in a telematics program.
Frequently asked questions
Prices for Dallas drivers may vary significantly based on a driver’s individual rating factors. On average, full coverage auto insurance in Dallas costs $2,038 annually, and minimum coverage costs $619. This is high compared to the national average cost of car insurance which is $1,771 and $545 for full and minimum coverage, respectively.
The best car insurance company may vary for each driver. The best car insurance company for you may be the one that meets your specific needs and fits your budget. Before choosing a car insurance provider, it might be helpful to shop around and compare quotes from multiple providers. Speaking with a licensed insurance agent may also help you narrow down your choices.
Obtaining quotes from car insurance companies with the lowest average premiums may be a good start, but drivers may also be able to lower their rates by reviewing their carrier choice and coverage options each year. As your personal rating factors, like driving record, age and insurance-based credit score change, the cheapest car insurance company for you may also fluctuate.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 are calculated on a five-point scale and 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 Moody’s 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.