Txfbins (2024)

FAQs

Who is the cheapest car insurance in Texas? ›

Cheapest Car Insurance Coverage in Texas

State Farm has the cheapest liability-only auto insurance in Texas, while Texas Farm Bureau has the cheapest full-coverage car insurance in the state. In the sections below, we'll detail the cheapest options for minimum liability and full-coverage car insurance in Texas.

Texas Farm Bureau Insurance has good rates when compared to the national average and an overall great reputation. The company has an A rating for financial strength from AM Best, which shows that the company has the capacity to pay out claims.

We'll pay you for your damages less your deductible and any applicable depreciation after we have inspected your property.

Population-dense cities have higher premiums than rural areas because city living usually means more accidents, more property crime, and more frequent claims. In Texas, the most expensive locations for insurance are Houston, Edinburg, Pasadena.

You may be paying high rates for car insurance in Texas due to the state's high speed limits. Texas has the highest speed limits in the country, up to 85 mph. The national average speed limit is 69.8 mph. High speed limits in Texas mean the risk of crashes is higher in the state.

USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.

Texas law requires you to have at least $30,000 of coverage for injuries per person, up to a total of $60,000 per accident, and $25,000 of coverage for property damage. This is called 30/60/25 coverage.

The Texas Department of Insurance is the official state agency charged with regulating the insurance industry in Texas.

As the unified voice of Texas agriculture, Texas Farm Bureau functions as a member of Farm Bureau, a national grassroots organization with memberships across America that focus on building strong, prosperous agricultural communities.

The average Claims Representative base salary at Texas Farm Bureau Insurance is $56K per year.

How big is Texas Farm Bureau? ›

Our 850+ agents and over 300 claims personnel provide prompt, efficient, personal service to our more than 530,000 member-families all across our great state.

State Farm is good at paying claims, scoring 882 out of 1,000 on J.D. Power's latest claims satisfaction survey. The industry average is just 873 out of 1,000, which means State Farm has a better claims process than most competitors.

Geico is the less expensive of these two insurers for most drivers, but Allstate scores points for its large agent network and for its Claim Satisfaction guarantee.

Texas is not a no-fault state.

Texas is one of 38 at-fault states, meaning that the party that is found to be at fault for the accident will be responsible for compensating the injured party for the amount he or she is responsible for.

Geico and Allstate are both reasonably priced insurers for most drivers, but there are some clear differences when it comes to the average cost of their policies. As you can see in this chart, Geico is the cheaper of the two for the average driver.

Key Takeaways: Geico is best for you if you're simply looking for the cheapest option, as the provider has a cheaper average rate estimate in 82% of states across the U.S. Progressive is best for you if you're looking for more coverage options, add-ons and customizations.

So it's important to understand insurance groups – after all, there are 50 of them in total. Cars in group 1 are the least risky from an underwriter's perspective and the cheapest to insure. Those in group 50 are the riskiest and most expensive – usually higher performance models and luxury SUVs.