Best cheap car insurance in McAllen for 2021

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Texas has approximately 16 million licensed drivers, and all are required to carry minimum amounts of insurance. If you are a resident of McAllen, you are paying an average of $662 per year for minimum coverage or $2,093 for full coverage — well above the national average of $1,674 for a full policy. If you are looking for the best cheap insurance rates in McAllen, one of the most useful strategies is to compare multiple carriers.

Bankrate examined several national and regional carriers to evaluate customer service ratings, financial strength, premium rates and discounts to determine the best car insurance companies in McAllen.

Best car insurance companies in McAllen

There are several car insurance companies in McAllen offering both cheap, competitive rates for premiums and other advantages for drivers. Third-party ratings, such as the J.D. Power survey for overall customer satisfaction, and financial ratings with AM Best are equally important to consider, in addition to the cost of premiums.

Insurance company J.D. Power customer satisfaction score Average annual premium for minimum coverage Average annual premium for full coverage
Geico 832 / 1,000 $487 $1,491
USAA 879 / 1,000 $512 $1,490
State Farm 838 / 1,000 $611 $1,470
Allstate 836 / 1,000 $700 $2,085

Geico

Geico has provided auto insurance coverage for over 75 years and is now the second-largest auto insurance provider in the U.S. Geico offers the standard coverage options, but it is somewhat limited by the number of add-on options available. One option available is mechanical breakdown coverage. This provides coverage for the high out-of-pocket costs associated with repairs for a vehicle, similar to an extended car warranty policy.

Learn more: Geico Insurance review

USAA

USAA provides exclusive membership to current members of the military, veterans or their immediate family members. If you qualify, you will find USAA offers unique discounts, in addition to highly competitive premiums. Discounts such as a family loyalty discount, which rewards children of parents who also have a USAA policy, or a discount for storing your vehicle on base, are two examples of savings available to members.

Learn more: USAA Insurance review

State Farm

State Farm is the largest provider of auto insurance in the U.S. and has sold insurance policies for almost one hundred years. In addition to strong customer service ratings in Texas, State Farm maintains a Superior A++ rating with AM Best, which showcases the financial strength it offers. Plus policyholders have multiple methods for managing their policies, including online, via a highly-rated app, customer service or with a local agent.

Learn more: State Farm Insurance review

Allstate

Allstate is the fourth-largest auto insurance provider in the U.S. and also maintains a strong financial rating of A+ with AM Best. While the customer service ratings for Allstate is not as high in Texas compared to other carriers, the number of discounts available may be enticing to drivers. Drivers can save with options such as Accident Forgiveness or Drivewise, which monitors driving habits and provides a discount based on what is observed with the driver.

Learn more: Allstate Insurance review

Cheapest car insurance in McAllen

With drivers in McAllen paying an average of $662 per year for minimum coverage and $2,093 for full coverage policies, comparing the cheapest rates among multiple carriers is a useful strategy. This is especially true considering the national average for auto insurance is $1,674 annually for full coverage, which means drivers in McAllen are paying more. Even the average of all Texans is $1,823, further highlighting how much more premiums can cost in McAllen.

Despite the higher averages, Geico, USAA, State Farm, Mercury and Allstate are all examples of carriers offering the cheapest rates for coverage, while offering other advantages. All five of these carriers are rated with at least an A rating through AM Best, solidifying the financial strength of each one. Each of these five carriers offers a complete digital experience, including online portals and highly functioning mobile apps for complete policy management.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $487 $1,491
USAA $512 $1,490
State Farm $611 $1,470
Mercury $647 $2,057
Allstate $700 $2,085

McAllen insurance requirements

Texas has laws requiring minimum insurance requirements for drivers. This includes 30/60/25 in required liability coverage for each driver:

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

However, only purchasing the minimum liability may leave you in a vulnerable financial situation. For example, if you are involved in a multi-car, multi-injury crash and it is ruled your fault, the bare minimum may not be enough to cover the expenses per accident. If you do not have enough bodily injury or property damage liability, you could be expected to cover expenses out of your own pocket or potentially be sued for damages.

Car insurance discounts in McAllen

To reduce the cost of car insurance in McAllen, one tactic is to take full advantage of as many discounts as possible. Although discounts vary from carrier to carrier, most offer significant savings with minimal effort required, such as:

  • Multi-policy: Bundle your auto insurance policy with the same carrier who provides your renters, condo or homeowners insurance and you could see major savings for bundling.
  • Safety equipment: If your vehicle is packed with safety features such as airbags, anti-lock brakes or daytime running headlights, you may be eligible for additional savings.
  • Multi-vehicle: If you have more than one vehicle in your household, ask about the extra savings you could receive for simply insuring all vehicles at once.
  • Claims-free: Keep your tickets and accidents to a minimum and you might see maximum savings for staying claims-free. Many carriers reward drivers with lower premiums if there are no claims on a driver’s record.

Discounts are one of the multiple ways to save on car insurance in McAllen. Another strategy is to compare several carriers head to head. Getting quotes from different carriers gives you an accurate snapshot of how much you can save by simply choosing one carrier versus another. Plus it helps you compare which coverage options are best for you and any other information important to your choice of carriers.

Frequently asked questions

What is the best car insurance company?

The best car insurance company in McAllen is the one that meets your driving coverage needs and still fits within your budget. Bankrate has reviewed a number of different companies and found Geico, State Farm, Amica and USAA are all examples of highly-rated carriers offering a number of advantages to drivers.

Is Texas a no-fault state?

No, Texas is an at-fault state. This means if you are found at fault for any accident in the state of Texas, then you are financially responsible for injuries and property damage. This is one of the many reasons why having adequate auto insurance is a financially sound decision.

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
Sara Coleman
Insurance Contributor
Sara Coleman has three years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability.
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