Best cheap car insurance in Tyler

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Car insurance costs in Tyler, Texas, can vary significantly. When the price ranges are so big, it pays to do your research. In Tyler, the average minimum auto liability is $547 per year, while the average for full coverage is $1,769 per year. Roughly 14% of Texas drivers are uninsured, increasing the financial risk to the rest of the community. Being in an auto accident with an uninsured driver can be costly for all involved. In 2019, over 14 million was paid out in private auto insurance claims across the state of Texas.

To find the best cheap car insurance in Tyler, companies were grouped by market share and average rates. Those with higher market share and less expensive insurance averages were given preference. Next, the best of these were compared by J.D. Power score, AM Best score for financial strength and discounts. Those that presented well on all three made it to the final five.

Best car insurance companies in Tyler

Out of the many choices for auto insurers in the area, we compared those with the lowest premiums and the highest J.D. Power ratings. Next, their AM Best score for financial strength and available discounts were taken into account. Cost and J.D. Power rating were given the most weight, with discounts and AM Best score coming after.

Insurance Company J.D. Power Score Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA 878 / 1000 $406 $1,332
Geico 846 / 1000 $405 $1,246
Allstate 832 / 1000 $583 $1,673
State Farm 844 / 1000 $539 $1,420
Nationwide 820 / 1000 $496 $1,306

USAA

USAA has a great reputation among auto insurers when you look at its J.D. Power score for customer satisfaction. However, it is disqualified from the rankings based on its eligibility criteria – USAA insurance is only available to military members, veterans and their immediate family. The company also has some of the lowest average car insurance rates in Tyler. Although this company doesn’t have the cheapest rates for full coverage, its minimum coverage rates are among the region’s cheapest. For those who are eligible, USAA is certainly worth considering.

Geico

Geico offers some of the cheapest insurance while maintaining high ratings. They consistently score exceptionally well on the J.D. Power report. On top of having some of the lowest premium averages, Geico also offers a greater variety of discounts than many of its competitors. Out of our final five, Geico provides the lowest rate averages on both full and minimum coverage in Tyler. Low costs, great discounts and excellent ratings make Geico a big contender for one of Tyler’s best cheap car insurance companies.

Allstate

Allstate is one of the largest and best-established auto insurance companies in the United States. The company has continued to rank well on the J.D. Power report over the last several years. The company’s average rates for minimum and full coverage are well below the Texas average. They are known for offering good discounts and reward programs. The combination of high ratings, quality products and convenient savings make Allstate one of Tyler’s best cheap car insurance companies.

State Farm

State Farm is the largest auto insurance company in the United States. It came in fifth for the Texas region on the 2020 J.D. Power report. Like some of its competitors, this company offers a telemetric-based discount program. Called the Drive Safe and Save program, it gathers live data from the vehicle and gives discounts based on how safely it’s driven. State Farm has relatively high rates for this list, but its available discounts and high ratings help balance it.

Nationwide

Nationwide has a history of being in the top ten on the J.D Power report. The company also offers extensive coverage and discount options, providing a combination of quality and affordability. Nationwide also offers the second cheapest full coverage averages of our top five. In keeping with the new industry trend, Nationwide provides a usage-based telematics app, called SmartRide, that may be able to provide significant discounts. Similar to other auto insurance safe driver programs, the safer the driver is, the better the discounts may be.

Cheapest car insurance in Tyler

The average cost for car insurance in the United States is $565 per year for minimum coverage and $1,674 for full. The average price for Texas drivers is $524 and $1,823, respectively. Tyler auto insurance annual averages are below the state average at $547 for minimum and $1,769 for full. As you can see, Texas auto insurance tends to be more expensive than the rest of the country. However, there are cheap auto insurance options in Tyler, Texas.

When considering the larger, more popular auto insurers in the area, Geico offers some of the best cheapest auto insurance in Tyler, Texas. Geico and USAA both consistently score high on the J.D. Power report. AM Best gave Geico an A++ rating for financial strength, and USAA received the same. Both companies offer average rates below the local average, and Geico adds numerous discount options to the mix. Both are comfortable fits for the cheapest car insurance in Tyler, Texas.

Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
Geico $405 $1,246
USAA $406 $1,332
Nationwide $496 $1,306
State Farm $539 $1,420
Mercury $552 $1,705

Tyler insurance requirements

Texas auto laws apply in Tyler, including the state mandatory minimum insurance laws. All drivers must have a minimum amount of auto insurance coverage known as minimum liability coverage. While this is the least amount a driver can legally have in Texas, many elect to purchase more coverage.

Minimum liability only pays for damages that you cause to others and their property, not for you or yours. Suppose a driver with only minimum liability is at fault for a car accident. In that case, their insurance will pay for the other involved driver’s costs (up to a limit), but the at-fault driver will be out-of-pocket for their own bills. For this reason, some people purchase more extensive coverage.

Tyler, Texas auto liability insurance requirements

  • Bodily injury: $30,000 per person and $60,000 per accident
  • Property damage: $25,000 per accident

Car insurance discounts in Tyler

  • Multi-car policy
  • Multi-policy
  • Good driving
  • Good student
  • Vehicle safety equipment

Depending on the insurance provider you choose, there are several discounts available in Tyler, Texas. The ones listed above are among the more commonly offered in the area. Each of these can make a difference to your premiums. Among the biggest savers are often multi-car policies and multi-policy discounts. Put simply, these discounts save you money the more insurance you have with the same company. If you insure two or more cars, they may charge you less per car than they would for one. The same goes for multiple policies. Taking out an auto and homeowners policy, for instance, from the same provider will often net you a discount on both.

Frequently asked questions

What is the best car insurance company?

The answer varies between customers, but the best auto insurance company for you needs to meet your coverage needs without breaking your wallet. Factors to consider should include how much coverage you need, how much you are willing to spend and how much risk you encounter while driving. Consider the Bankrate article on the Best Car Insurance Companies for 2021.

How much does car insurance in Tyler cost?

On average, car insurance in Tyler costs roughly $547 for minimum liability coverage and $1,769 for full coverage. When looking for car insurance quotes in Tyler, Texas, consider shopping around. By shopping around, you can often find companies that offer rates lower than the local average. Adding discounts to this can further save money on your premiums.

How much car insurance do I need in Tyler?

The state of Texas requires that all drivers have at least minimum liability auto insurance. This means $30,000 bodily injury liability per person and $60,000 per accident in Tyler and all of Texas. Plus $25,000 property damage liability per accident.

Why get more than the minimum auto insurance requirement?

Some choose to purchase more coverage because minimum liability only pays towards other’s bills. For instance, if a driver is at-fault, their liability insurance will pay for the injuries and damages they cause, but not those they receive. For this reason, some people add full coverage or other policies to their auto insurance.

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 base profile drivers own a 2019 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.

Written by
Joshua Cox-Steib
Joshua Cox-Steib has two years of experience in writing for insurance domains such as Bankrate.com, Coverage.com, Thesimpledollar.com, Reviews.com, and more. His work has also been featured on such sites as Msn.com and BBB.org. His insurance writing career has spanned across multiple product lines, with a primary focus on auto insurance, life insurance, and home insurance.