Best cheap car insurance in Dallas (2024)

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Best cheap car insurance in Dallas (1)Written by

Joshua Cox-Steib

Best cheap car insurance in Dallas (2)Edited by

Lisa McArdle

Best cheap car insurance in Dallas (3)Edited by

Lisa McArdle

Updated May 13, 2024

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Advertising disclosure

This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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The average cost of car insurance in Dallas, Texas is above the national average, so many drivers may be interested in finding cheap car insurance. The average annual auto insurance premium in Dallas is $2,163 or $180 monthly. This is more than 7 percent over than the national average of $2,014. For minimum coverage, the average annual premium in Dallas is $616 compared to $622 nationally.

According to Bankrate’s 2023 study of quoted annual premiums, the cheapest car insurance companies in Dallas include State Farm, Geico and Esurance. All three of these carriers offer average rates in Dallas below the city average.

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Advertising disclosure

This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best cheap car insurance companies in Dallas

Drivers in the Lone Star State have many insurance companies to choose from, but we found that some of the cheapest car insurance in Dallas is offered by State Farm, Geico, Esurance, USAA and Mercury, according to rates provided by Quadrant Information Services.

In addition to cheap rates, these providers also generally performed well in third-party industry assessments like the 2022 J.D. Power Auto Insurance Study. These carriers have strong AM Best ratings for financial strength as well as robust coverage options, varied discounts and user-friendly digital tools. All these metrics were considered when assigning each carrier a Bankrate Score. With a maximum Score of 5.0, the Bankrate Score may help shoppers better identify which insurance companies could meet their needs. If you’re looking for the best cheap car insurance in Dallas, you might start with a quote from these companies:

Insurance companyBankrate ScoreJ.D. Power score (Texas region)Average annual premium for full coverageAverage annual premium for minimum coverage
State Farm4.2851/1,000$1,474$498
Geico4.4843/1,000$1,554$450
Esurance3.3Not rated$1,608$505
Mercury3.2Not rated$1,719$551
USAA*4.3885/1,000$1,838$534

*USAA is not officially ranked by J.D. Power due to eligibility restrictions.

State Farm

On top of having some of the least expensive rates for full coverage insurance on our list, State Farm policyholders may also save on their auto insurance with the company’s extensive list of discounts. State Farm extends potential discounts for good students, being accident-free, insuring multiple vehicles, having a vehicle with safety features and more. Additionally, State Farm has two safe driver rewards programs, Steer Clear for drivers under 25 and for drivers over 25. Although State Farm scores well on many metrics, the company may not have as many optional policy add-ons as other carriers on this list, including no gap insurance.

Learn more: State Farm Insurance review

Geico

Geico is well-known for offering cheap car insurance and several unique discounts. The carrier is one of the least expensive on our list for minimum coverage, and policyholders may extend their savings opportunities with discounts for military personnel, federal employees, good students, emergency deployment and being accident-free. Although the company has only three advertised add-on coverage options, Geico does have a highly-rated mobile app where policyholders can request roadside assistance, view ID cards and get repair estimates.

Learn more: Geico Insurance review

Esurance

Esurance is a fully digital insurance company backed by Allstate. It offers a full host of online and mobile resources to manage your policy and file claims virtually. While these digital resources may be convenient for some, those who prefer working with agents in person may not enjoy the experience as much. Although Esurance is not rated by J.D. Power, it does hold an A+ (Superior) rating from AM Best for financial strength. Esurance may not be the best option for drivers looking for discounts, but it does offer its DriveSense telematics program and a potential discount for bundling auto and renters policies.

Learn more: Esurance Insurance review

USAA

USAA is consistently rated highly by third-party organizations like J.D. Power, but you must be affiliated with the military to qualify, which may limit eligibility for many drivers. In addition to offering some of the cheapest rates in Dallas, USAA extends a number of potential discounts to policyholders including savings for garaging a vehicle on base, maintaining a clean driving record and bundling with a home or renters insurance policy. USAA may not offer as many options for policy customization as some other carriers, but it does offer roadside assistance, rental reimbursement and car replacement assistance.

Learn more: USAA Insurance review

Mercury

Mercury offers a strong local agent presence in the 11 states where the company operates. Mercury offers all the standard auto insurance coverage types as well as rental car reimbursement, ridesharing coverage and underinsured and uninsured motorist coverage. While its average rates may be higher than others on our list, its premiums are still well below Dallas and national averages. Mercury has online and mobile resources for applications and policy management but not for claims filing. Mercury policyholders may save on their premium with an extensive list of potential discounts including anti-theft features, good student, multi-car and its RealDrive telematics program.

Learn more: Mercury Insurance review

How to get and keep the cheapest car insurance in Dallas

Finding cheap car insurance rates may be great news for your wallet, but maintaining low rates typically takes ongoing work and smart driving. The following tips could help you find cheap rates and maintain them over time.

  • To find cheap rates, shop around: To get cheap rates, most insurance professionals recommend shopping around and comparing quotes from multiple carriers. Car insurance rates may vary based on your personal factors, so comparing quotes may be the best way to find cheap rates for your circumstances.
  • To keep cheap rates, take advantage of discounts: Most insurance providers offer discounts for a variety of reasons. The most common discounts include “good driver” discounts that reward drivers for going extended periods of time without an accident or traffic violation. Many insurers will also offer a discount for enrolling in autopay that will automatically deduct payments from your bank account or for choosing to make payments on a bi-annual or annual basis. In some cases, you can find discounts for affiliations like military or alumni discounts, bundling auto insurance with other protection like homeowners insurance, or for enrolling in driving courses to show dedication to improving your driving skills.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 coverage that meets each state’s requirements. Our base profile drivers own a 2021 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.

Bankrate Scores

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

5

Rating: 5 stars out of 5

Overall Score

  • Cost & ratings50%

  • Coverage & savings30%

  • Support20%

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlight where they fall short.

Best cheap car insurance in Dallas (2024)

FAQs

Best cheap car insurance in Dallas? ›

Cheapest Liability Car Insurance in Dallas

Who has the cheapest car insurance in Dallas? ›

State Farm has the cheapest car insurance for most drivers in Dallas. A liability-only policy from State Farm costs $38 per month, which is 37% cheaper than average. Full coverage from State Farm costs $87 per month, which is 46% cheaper than average.

What is the average cost for car insurance in Dallas, TX? ›

Car insurance in Dallas, Texas, costs an average of $3,369 a year for full coverage. But prices vary from one person to the next, and no one company is cheapest for everyone. That's why it's best to compare car insurance rates with different companies when shopping around.

Who typically has the cheapest car insurance? ›

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

What is the best car insurance for people with bad credit? ›

Cheap Bad Credit Car Insurance Companies
Bad Credit Car Insurance CompanyAverage Monthly Cost for Poor Credit DriversAverage Annual Cost For Poor Credit Drivers
Geico$216$2,592
Nationwide$173$2,072
Progressive$331$3,977
Erie Insurance$227$3,319
3 more rows
Jul 24, 2024

Who has the best price on auto insurance in Texas? ›

Cheapest Full-Coverage Car Insurance in Texas
Cheapest Car Insurance in TexasAverage Monthly CostAverage Annual Cost
Texas Farm Bureau$119$1,427
Redpoint County Mutual$143$1,720
State Farm$190$2,285
AmTrust Financial$191$2,295
1 more row

What is the lowest car insurance group? ›

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.

Does Texas require full coverage car insurance? ›

"Full coverage" car insurance can mean different things to different people. Legally, in the state of Texas you're only required to have the state Liability minimums of 30/60/25. For leased or financed cars, most lenders require having Comprehensive and Collision Coverage.

Why are insurance rates in Texas so high? ›

Car insurance in Texas is expensive because the state has three of the top 10 largest cities in the country and large, growing populations across the state. In Texas, you can expect to pay approximately $5,335 per year for full coverage car insurance or $1,689 per year for minimum coverage.

How much is full coverage car insurance in Texas per month? ›

Car Insurance Costs in Texas

Full-coverage car insurance is a bit more expensive for Texans, costing an average of $263 per month or $3,156 annually. The national average for full coverage is $223 per month or $2,681 per year.

Is Progressive cheaper than Geico? ›

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.

What's the best car insurance for the money? ›

Best Car Insurance Companies of August 2024
Best car insurance categoryCompany winner
Best insurance company for affordabilityAmerican Family
Best insurance company for accident forgivenessGeico
Best insurance company for having few customer complaintsShelter
Best insurance company for financial strengthAuto-Owners
5 more rows

What car insurance is the cheapest for full coverage? ›

Companies With the Cheapest Full Coverage Car Insurance

USAA offers the cheapest full coverage car insurance at $1,364 per year, but it's only available to veterans, military members and their families. For all other drivers, Nationwide offers the cheapest full-coverage car insurance at $1,436 per year.

Does my credit score affect my car insurance? ›

California, Hawaii, Massachusetts and Michigan don't allow insurance companies to use credit to determine car insurance rates.

Can you be denied car insurance due to your credit history? ›

California

Insurance companies in California don't use credit-based scores or your credit history for underwriting or rating auto policies, or setting rates for homeowners insurance. As a result, your credit won't impact your ability to get or renew a policy, or how much you pay in premiums.

Does credit score affect car insurance Geico? ›

Yes, Geico does use your credit score as a factor when determining your car insurance rates, as do most major insurers. However, credit checks by auto insurers do not harm your credit score and are only done in states where it is legal for your credit score to affect your rates.

Why is Geico cheaper? ›

Geico is so cheap because it sells insurance coverage directly to consumers without middlemen and offers a lot of discounts. Direct-to-consumer insurance allows Geico to have significantly fewer local offices and agents, making them cheaper than companies like State Farm and Progressive.

What's the minimum car insurance in Texas? ›

In Texas, you must have at least $30,000 in liability coverage for each injured person, up to a total of $60,000 per accident, and $25,000 for property damage per accident. This basic coverage is called 30/60/25.

How much is car insurance in Texas per month? ›

The average cost of liability-only car insurance for Texas drivers is $119 per month, or $1,428 per year. Drivers who buy full-coverage car insurance pay an average of $247 per month, or $2,960 per year. As a driver, your exact insurance costs will depend on various factors.

Why is auto insurance so expensive in Texas? ›

Car insurance in Texas is expensive because the state has three of the top 10 largest cities in the country and large, growing populations across the state. In Texas, you can expect to pay approximately $5,335 per year for full coverage car insurance or $1,689 per year for minimum coverage.

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