Best cheap car insurance in Denton for 2021

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According to the Texas Department of Transportation’s database, there have been 1,578 vehicle crashes in Denton during the first half of 2021. The best car insurance in Denton is essential to provide you with financial protection in case of an accident. All vehicle owners in Texas must have proper coverage. The average cost of car insurance in Denton is $537 per year for minimum insurance and $1,714 per year for full coverage.

There may be ways to get lower premiums than the average cost provided by Bankrate’s study on vehicle insurance. We looked at the providers offering the cheapest car insurance in Denton, as well as other factors such as customer satisfaction ratings and policy options to bring you the top cheap carriers in the area.

Best car insurance companies in Denton

The following carriers are a combination of cheap car insurance companies and highly-rated ones. To make the list, rates from the providers had to be lower than average while still having a high level of customer satisfaction. J.D. Power is a good resource for customer ratings. Its annual independent study surveys current policyholders for their opinion on an insurance company’s responsiveness, car insurance rates, claims process and products available.

Insurance company J.D. Power score Average annual premium for minimum coverage Average annual premium for full coverage
USAA 878 / 1,000 $414 $1,250
Geico 846 / 1,000 $428 $1,252
Nationwide 820 / 1,000 $478 $1,220
Fred Loya NR $520 $3,580

USAA

USAA is the cheapest car insurance company in Denton on our list. Average rates for minimum insurance are less than $35 per month. Respondents in the J.D. Power customer satisfaction study award USAA with the most points, for a total of 878 out of 1,000. The biggest drawback is availability – which also disqualifies USAA from being formally ranked in J.D. Power’s study. USAA is a membership-based organization available only to current and former military personnel and their families.

Geico

For Denton drivers without military affiliation, Geico is an excellent alternative providing low rates similar to USAA. There are many discount options that may allow you to save with Geico. Among the 16 discounts available from the carrier, there are potential discounts for safe driving, vehicle equipment, military, vocational and company affiliation available. Denton drivers could benefit from managing their account using the Geico mobile app, which allows you to file claims, manage your policy and contact a customer service representative.

Nationwide

Denton residents, in general, are safe drivers when compared to other Texas areas. Reported crashes for the first half of 2021 show an average of 265 per month. Denton drivers without a history of accidents or speeding tickets may qualify for a Nationwide safe driver discount of up to 10% off. Even if your driving record has some blemishes, you could sign up for Smart Ride and download the app. The program monitors your driving to lower your premiums based on your habits. Simply enrolling and downloading the app awards you with 10% off your premiums. In addition, you can get a total of up to 40% off based on your driving.

Fred Loya

Vehicle owners who have trouble getting coverage elsewhere should look at Fred Loya for non-standard car insurance. Rates are significantly higher for drivers in search of full car insurance, but basic coverage that complies with the state’s minimums is affordable. Coverage from Fred Loya is limited for high-risk drivers, but SR-22 and personal injury protection is available.

Cheapest car insurance in Denton

Denton’s rate of $1,714 per year for full coverage is slightly lower than the average Texas premium of $1,823. While the best car insurance companies in Denton mentioned have low rates, some cheaper providers did not make the cut due to factors such as customer reviews or limited insurance offerings. For a list of the cheapest car insurance in Denton based solely on rates, take a look at how the following major carriers compare.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $414 $1,250
Geico $428 $1,252
Nationwide $478 $1,220
Allstate $522 $1,481
Mercury $562 $1,631

USAA and Geico are neck-in-neck for coverage, although USAA is only available to a select group of military personnel and family. Nationwide has the lowest premiums for drivers who require full car insurance. Allstate has the most local representation in Denton, with three agents in town. Mercury is best for cheap coverage when you are a high-risk driver. Although rates are the highest of all five cheapest carriers, they are relatively low when compared to what other insurance carriers charge drivers with multiple tickets or accidents.

Denton insurance requirements

To legally drive, Denton vehicle owners must have a minimum amount of car insurance. You will need liability coverage for at least:

  • $30,000 in bodily injury per person
  • $60,000 in bodily injury per accident
  • $25,000 in property damage per accident

Texas also mandates that PIP insurance is standard on all policies. The only way to refuse this coverage is by notifying your insurance company in writing that you do not want it.

The minimum amount should be considered a guideline. Higher limits help prevent you from having to pay for larger losses out-of-pocket. In addition, liability coverage does not reimburse you for losses or damages to your car — minimum coverage is strictly set up to pay for minimal third-party injuries.

Car insurance discounts in Denton

Denton drivers could save further by taking advantage of discounts offered by insurance companies such as:

  • Bundling: Almost half of the residents in Denton own their homes. Buying home and auto insurance from the same carrier may lower premiums for both.
  • Low mileage: Drivers who work from home or minimally commute may save more on coverage.
  • Good student: Younger drivers typically pay more for car insurance due to their inexperience. They may be able to save on coverage if they qualify for a good student discount.
  • Anti-theft: Vehicle theft and burglary are some of the top crimes in town. Cars equipped with security may lower the risk of theft and qualify you for a car insurance discount.

The biggest savings may come from bundling coverages when you consider discounts may be applied to all policies bundled. Teens and college students should take advantage of the good student discount, which can bring some relief from the high premiums young drivers usually have.

Frequently asked questions

What is the best car insurance company?

A good way to find the best car insurance company is to shop around to collect quotes, followed by researching a carrier’s ratings from customers. The best car insurance companies based on Bankrate’s research into financial strength, policy options and rates include USAA, Geico, Amica and State Farm.

How do Denton car insurance rates compare to Texas?

The average cost of car insurance in Texas is $524 for minimum and $1,823 for full vehicle insurance per year. In comparison, Denton rates are $537/$1,714.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 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 coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a finance and business journalist who has been featured in Bankrate, Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.
Edited by
Insurance Editor