Best cheap car insurance in Odessa for 2021

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For local drivers seeking car insurance, Odessa has rates that are lower than the Texas average of $1,823 per year, despite the higher-than-average number of DUIs. Odessa and nearby Midland have the highest rates of drunk driving fatalities in the state. The average cost of car insurance in Odessa is $475 per year for minimum insurance and $1,784 per year for full vehicle coverage.

Vehicle coverage rates offered by the best car insurance companies in Odessa can vary considerably based on your driving history, the vehicle you drive, the carrier you choose and even your age. Bankrate found cheaper car insurance rates by using 2021 quoted premiums from Quadrant Information Services and breaking down the factors that affect the cost of coverage.

Best car insurance companies in Odessa

In order to narrow down the long list of carriers available, we compared annual car insurance premiums, customer satisfaction ratings from the 2020 J.D. Power Auto Insurance Study and coverage options. Based on our research, five companies stood out as providing insurance to Odessa drivers for the best value in the area.

Insurance company J.D. Power score (Texas) Average annual premium for minimum coverage Average annual premium for full coverage
Allstate 832 / 1,000 $475 $1,558
Geico 846 / 1,000 $375 $1,341
Nationwide 820 / 1,000 $435 $1,232
*USAA *878 / 1,000 $353 $1,337

*Due to membership eligibility restrictions, USAA is considered rank-ineligible by J.D. Power.

Allstate

While on the higher end of the rates spectrum, Allstate’s average premiums match the Odessa average for minimum coverage and falls well enough below the full coverage average to make it worthy of consideration. Allstate is a trusted provider that many city residents are familiar with and it offers a variety of discount options. Through savings opportunities like its safe driving club or responsible payer discount, it’s possible that most drivers are able to find at least a few that they qualify for. There is also a convenient mobile app that lets policyholders have direct contact to their local agency and track how different companies use personal data.

Learn more: Allstate insurance review

Geico

For drivers looking for coverage available to all drivers, Geico may be a good alternative. Rates are just a few dollars more than USAA on average, the cheapest provider on our list. According to the carrier, you’ll save “$500 or more in 15 minutes” when you get a quote and switch. Geico also has high marks from respondents in the J.D. Power study, with an overall score of 846 out of 1,000 possible points. Policyholders can also add additional coverages to best protect themselves financially, like by opting for mechanical breakdown insurance and roadside assistance.

Learn more: Geico insurance review

Nationwide

Nationwide may provide the lowest rates for safe drivers with a clean record and vehicle owners in search of full car insurance. Nationwide’s annual full coverage premiums are the lowest at $1,232 per year. For drivers who finance their car, the lender typically requires full coverage, which adds comprehensive and collision insurance to the policy.

Learn more: Nationwide insurance review

USAA

USAA is one of the top selections for military families seeking the best car insurance in Odessa. Annual rates are the cheapest for minimum coverage at less than $30 per month on average. Its full coverage car insurance rates are competitive with Nationwide’s low, average rate. Additionally, USAA is consistently the highest-rated vehicle insurance company in J.D. Power’s customer satisfaction study, though it is not eligible for official rankings due to its membership requirements. For drivers and families that do qualify, USAA may provide the best all-around option for affordability and reliable coverage.

Learn more: USAA insurance review

Cheapest car insurance in Odessa

The cheapest car insurance companies in Odessa, by market share, are listed according to annual minimum car insurance rates. You will find that the cheapest carriers are all top, national car insurance companies. They typically offer the most discounts, which may be why their premiums are lower.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $459 $1,181
Progressive $593 $1,653
Nationwide $664 $1,818
State Farm $744 $1,972
USAA $758 $1,713

Geico, Progressive and USAA all fall below city averages for full coverage policies. However, Nationwide and State Farm each offer impactful discounts that are generally easy to apply to reduce premiums further. To find cheap car insurance, it is often worth collecting quotes from a few extra carriers to compare. Rates can vary significantly based on factors, including your age and driving record.

The online quoting process is typically quick and simple. Simply plug in your details, such as your address, vehicle model, make and year and the expected number of miles you will drive and you will receive a quote. You can then compare quotes to find the best and cheapest carrier.

Odessa insurance requirements

All car owners in the state of Texas must carry vehicle insurance of at least:

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

Consider buying more than the minimum amount required. Otherwise, your coverage may not be enough to provide significant financial assistance. If you crash into a Tesla or other high-end vehicle, the cost to repair it may be more than the state-required $25,000 limit. You would have to personally pay for any expense over the $25,000 limit. And if your car is wrecked, the state’s minimum liability limits do not provide any coverage for damages and repairs for your car.

Car insurance discounts in Odessa

There are other useful ways to save on your car insurance in Odessa. Before you sign up for car insurance with a certain company, check for what types of discounts they offer. You could save on the quote you received by taking advantage of:

  • Tracking-based programs: Consider enrolling in a car insurance usage-based program to enable tracking. Depending on your driving habits and the miles you drive, you could earn a significant discount.
  • Driver safety courses: Carriers often have an approved list of online defensive driving courses you could take. Passing one could help you be a safer driver, as well as lower your insurance premiums.
  • Multi-line or bundling: Purchasing homeowners or renters insurance from your auto insurance company could earn you a discount on all your coverages.
  • Good student: Younger drivers typically pay the highest rates for car insurance due to their lack of driving experience. Students with good high school or college grades could get a discount on their rates.

Frequently asked questions

What is the best car insurance company?

Our findings show several great providers that are contenders for being the best car insurance companies in Odessa, Texas. However, car insurance is a personal purchase is usually best picked according to your personal criteria.

How much does car insurance in Odessa cost?

The average cost of car insurance in Odessa, Texas is $475 per year for the state-required level of minimum insurance and $1,784 per year for full vehicle coverage.

How much car insurance do I need in Odessa?

You will need liability insurance with a minimum of $30,000 in bodily injury per person and $60,000 per accident, as well as $25,000 in property damage per accident.

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