Waco, TX Car Insurance
Compare Progressive, Allstate, GEICO and Nationwide (+ other top companies) to find the best and cheapest car insurance in Waco.
How much does car insurance cost in Waco?
Car insurance coverage costs an average of $661 each six-months in Waco. That's cheaper than the average in Texas ($707) and less expensive than the national average of $880. Read on to learn more about how much you can expect to pay based on age, credit score, and other factors in Waco. Read on to learn more!
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| Car insurance in Waco vs. Texas | Average 6 Mo. Premium |
|---|---|
| Waco average | $661 |
| Texas average | $707 |
The Zebra's key takeaways about car insurance in Waco:
- The average cost of a car insurance policy in Waco is $661 per six-month policy — $110 per month.
- The cheapest company in Waco is GEICO ($555).
- 37% of Zebra customers in Waco stated they used our product because they were paying too much for car insurance with their current provider.
Are you paying too much for auto insurance?
Waco car insurance rates by company
The best way to save on auto insurance is to collect quotes from as many companies as possible, selecting the provider from which you receive the most affordable insurance quote. In Waco, GEICO provides the most affordable rates for the typical insurance customer. We've listed the best cheap car insurance companies in Waco below.Use this information as a starting point and be sure to compare quotes specific to your unique driving profile.
| Company | Avg. 6 Mo. Premium |
|---|---|
| GEICO | $555 |
| USAA | $580 |
| State Farm | $602 |
| Allstate | $1,095 |
Auto insurance data methodology
The auto insurance rates published in this guide are based on the results of The Zebra's State of Insurance car insurance pricing analysis. This analysis of more than 83 million insurance rates spans every U.S. ZIP code, using a sample user profile: a 30-year-old single male driver with a Honda Accord, good credit and full coverage at these levels:
- $50,000 per person/$100,000 per incident for bodily injury liability
- $50,000 per incident for property damage liability
- $500 deductibles for collision and comprehensive coverage
To generate pricing for particular rating factors, we adjusted the driving profile based on common pricing factors used by major car insurance companies. These factors include credit score, coverage level, driving record and others.
In some instances, average rates from Liberty Mutual were derived from internally sourced sales data.
Shop around for the best rates
The only way to know which company is the cheapest coverage for you is to compare. Our comparison will do the leg work for you. Enter your ZIP code to see rates from Progressive, State Farm, GEICO and USAA (+ other top companies) to find the best and cheapest car insurance in Waco.
Waco auto insurance rates by age
Our data tells us that drivers between the ages of 20-29 make up 32% of Waco drivers. The best age for car insurance rates as a driver in Waco is in your 50s: drivers in this age group pay an average of $571 per six-months for an insurance policy. Drivers in their 60s pay marginally higher rates — $589 per six-months.
Teenage drivers pay Waco's most expensive car insurance rates. One of the easiest ways to reduce your car insurance rates as a driver in Waco is to age out of your teenage years. The difference in rates paid by teenage drivers and drivers in their 20s in Waco is $1,625, the largest such difference between any two age groups.
| Age bracket | Avg. 6 Mo. Premium |
|---|---|
| Teenagers | $1,672 |
| 20s | $860 |
| 30s | $650 |
| 40s | $632 |
| 50s | $571 |
| 60s | $589 |
| 70s | $721 |
Waco car insurance rates by credit score
Another major insurance policy rating factor is credit score. Drivers with bad credit histories typically face more expensive car insurance than do drivers with stellar credit. In fact, Waco drivers who build their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) earn a 60% decrease in car insurance rates. If you move from the "Very Poor" credit tier to the "Fair" credit tier, you could be in line for an auto insurance price adjustment. In Waco, moving into the "Fair" credit tier corresponds to an average of $552 in insurance savings each six-months.  Our data tells us 40% of drivers in Waco have a credit score of average (580-679).Â
| Credit Tier | Avg. 6 Mo. Premium |
|---|---|
| Very Poor | $1,370 |
| Fair | $818 |
| Good | $661 |
| Very Good | $614 |
| Exceptional | $548 |
Waco car insurance rates by violation
Maintaining a clean driving record is an effective way to minimize your auto insurance costs. Speeding citations, reckless driving charges, DUIs and DWIs, and at-fault accidents all tend to bring about rate increases.
Two of the most costly citations to receive are DUI and reckless driving. Waco drivers found guilty of reckless driving face insurance rate increases of $698 per year, compared to the citywide average. A DUI violation may lead to a $716 increase, while a citation for speeding leads to a $110 rate hike.
| Incident | Avg. 6 Mo. Premium |
|---|---|
| DWI/DUI | $1,019 |
| Reckless Driving | $1,010 |
| At-fault Accident (damage < $1,000) | $830 |
| At-fault Accident (damage > $2,000) | $995 |
| Speeding Ticket (16-20 MPH over speed limit) | $716 |
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.