Best cheap car insurance in Wichita Falls for 2021

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Drivers in Wichita Falls, Texas, pay an average of $461 annually for minimum coverage and $1,810 annually for full coverage, according to Bankrate’s 2021 study of quoted annual premiums. Although these rates are on par for drivers in Texas, it is slightly higher than the national average of $1,674 annually for full coverage.

To choose the best cheap car insurance in Wichita Falls, Bankrate reviewed a wide range of aspects to uncover which carriers offered the most benefits for customers. Cheap rates, coverage options and customer service ratings were a few factors considered to create a list of the best car insurance companies in Wichita Falls.

Best car insurance companies in Wichita Falls

USAA, Geico, Fred Loya and State Farm are all excellent choices for car insurance in Wichita Falls. Yet each carrier offers a slightly different advantage, in addition to competitive rates.

Insurance company J.D. Power score
Texas region
Average annual premium for minimum coverage Average annual premium for full coverage
USAA 878 / 1,000 $297 $1,144
Geico 846 / 1,000 $311 $1,147
Fred Loya N/A $315 $2,951
State Farm 844 / 1,000 $436 $1,226

USAA

USAA is for active members of the military, veterans or their immediate family members. If you meet eligibility requirements then you have access to a range of coverage options, including rideshare coverage. The discounts are plentiful too, with ones available based on how many years you have been with USAA, safe driver and defensive driving, multi-policy and numerous others.

Learn more: USAA Insurance review

Geico

Geico performs well on the J.D. Power list, scoring an 846 out of 1,000 — above the regional average. While Geico offers the standard list of coverage options, you may find the mechanical breakdown coverage beneficial. This option is similar to an extended car warranty where you receive some reimbursement for expenses related to wear and tear with vehicles after meeting a $250 deductible.

Learn more: Geico Insurance review

Fred Loya

Fred Loya is an insurance company based in El Paso, Texas. It is also a company traditionally geared towards high-risk drivers, and includes coverage options and discounts tailored to those who are not able to purchase insurance from other carriers. Whether drivers are unable to get insurance because of bad credit or a blemished driving record, Fred Loya offers basic, SR-22 and other options so you can legally drive.

Learn more: Fred Loya Insurance review

State Farm

As the largest auto insurance provider in the United States, State Farm offers a variety of coverage options, discounts and digital assets. Managing your policy on your smartphone is super simple with State Farm, since the app allows you to make changes to your policy, contact an agent, file a claim and many other tasks. State Farm gives you plenty of options for customer service via the toll-free number, one of 19,000 insurance agents, the online portal or through the app.

Learn more: State Farm Insurance review

Cheapest car insurance in Wichita Falls

The average cost of car insurance in Wichita Falls is $461 for a minimum coverage policy and $1,810 annually for full coverage. Compared to the national average of $1,674, the full coverage rate is around 8% above average. When you look at Texas overall, you will find Texans pay an average of $524 annually for minimum coverage, and $1,823 for full coverage.

Of the carriers reviewed, USAA, Geico, State Farm, Mercury and Nationwide were all found to provide the cheapest car insurance rates in Wichita Falls. Each of these carriers offers great advantages, including strong financial strength ratings from AM Best, multiple coverage and discount options and digital assets. Where these carriers differ is Mercury does not rank on the J.D. Power list. Also, while all five carriers offer digital assets such as an online portal and mobile app, Mercury is the only one where you are not able to file a claim through the app.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $297 $1,144
Geico $311 $1,184
State Farm $436 $1,226
Mercury $441 $1,466
Nationwide $449 $1,242

Wichita Falls insurance requirements

Texas requires a minimum of 30/60/25 in liability coverage to legally drive, which includes:

  • $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 bare minimum may not offer the financial protection you expect from your auto insurance. For instance, by foregoing collision insurance or uninsured motorist (UM) coverage, you may not have any recourse if you are a victim of a hit-and-run accident and your car is damaged in the process. While your medical needs are covered with personal injury protection (PIP) coverage in a hit-and-run, vehicle damage is not unless you have added collision or UM.

Car insurance discounts in Wichita Falls

Since car insurance rates in Wichita Falls tend to be higher than the national average, finding ways to save on premiums may be a top priority. Fortunately, there are a variety of discounts available, including:

  • Good student: If you maintain a certain grade point average in school, you may be rewarded with a Good Student discount.
  • Pay in full: If you choose to pay your premiums in full at the beginning of your renewal period, instead of breaking up into monthly or quarterly payments, then you may be eligible for an additional discount.
  • Autopay: Setting up your payments to automatically draft from your checking or savings account is an easy way to potentially save on premiums.
  • Defensive driving: Participating in a defensive driving course teaches you valuable driver safety skills, plus you will often see a reduction in premiums. Before you sign up, make sure it is approved by the carrier so you receive the maximum savings benefit.

Discounts are an easy way to save on insurance costs. These discounts represent a handful of what may be available to you from your carrier. Each company has a different list and criteria of what you are eligible for, so it pays to compare several companies and options head to head. Many carriers have additional discounts for military members, seniors, teachers and a wide range of others.

Frequently asked questions

What is the best car insurance company in Wichita Falls?

Bankrate uses several metrics to determine the best car insurance company. Overall, each carrier is reviewed for customer service ratings, rates, coverage options, discounts available and financial strength. Based on this information, Bankrate lists Geico, Amica and USAA as top choices for consideration.

How much does car insurance in Wichita Falls cost?

The average cost of car insurance in Wichita Falls is $461 for a minimum coverage policy and $1,810 annually for full coverage. What is most important to remember is these rates are representative, and your rates are highly dependent on personal factors. Your rates may be higher or lower depending on your age, zip code, credit score, marital status, gender and driving history.

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
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.
Edited by
Insurance Editor