Waco, TX Car Insurance

The average cost of car insurance in Waco is $110 per month. Read on to learn more about how insurance premiums are determined.

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What is the average cost of car insurance in Waco?

 

Car insurance coverage costs an average of $1,322 each year in Waco. That's cheaper than the average in Texas ($1,415) and less expensive than the national average of $1,548. Read on to learn more about how much you can expect to pay based on your credit score, gender, marital status, and other common factors in Waco.

 
WACO AUTO INSURANCE PREMIUMS
Waco Average (annual)Texas AverageU.S. Average
$1,322$1,415$1,548
 
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Waco auto insurance costs by insurance company

 

The best way to save on auto insurance is to compare 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.

 
WACO CAR INSURANCE RATES BY COMPANY
Insurance CompanyAverage Rate (annual)
GEICO$1,110
USAA$1,160
State Farm$1,205
Allstate$2,191
 

Check out our guide to learn how to find the best cheap car insurance.

 

Waco car insurance rates by age

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 $1,142 per year for an insurance policy. Drivers in their 60s pay marginally higher rates — $1,178 per year.

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.

 
WACO CAR INSURANCE PREMIUMS BY DRIVER AGE
AgeAverage Yearly Rate
Teenagers$3,345
20s$1,720
30s$1,301
40s$1,265
50s$1,142
60s$1,178
70s$1,442
 

Learn more about the impact of age on auto insurance rates.

 

Waco auto insurance rates by marital status and gender

 

In some cases, a driver's gender and marital status may influence the car insurance rates they pay. In most locations in the U.S., single drivers pay more than married drivers based on data that says they're more likely to file insurance claims. Married drivers in Waco pay $94 less than single drivers for auto insurance coverage. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Waco, single drivers pay more than those who are widowed.

Gender is another factor that can impact auto insurance costs. In Waco, the gap in auto insurance rates between genders is $15 per year, with male drivers paying more than female drivers.

 
WACO AUTO INSURANCE RATES: BY MARITAL STATUS AND GENDER
Marital Status/GenderAverage Annual Rate
Female$1,307
Male$1,322
Single$1,228
Married$1,228
Divorced$1,322
Widowed$1,201

 

Waco car insurance quote costs by driving history

 

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.

 
WACO CAR INSURANCE RATES AFTER A COLLISION OR CITATION
ViolationAverage Annual Rate
DWI/DUI$2,038
Reckless Driving$2,021
At-fault Accident (damage < $1,000)$1,660
At-fault Accident (damage > $2,000)$1,991
Speeding Ticket (16-20 MPH over speed limit)$1,433
 

Learn more about the impact of driving violations on car insurance rates.

 

Waco car insurance rates by credit level

 

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 $1,104 in insurance savings each year.

 
WACO CAR INSURANCE RATES BY CREDIT SCORE
Credit LevelAverage Annual Rate
Very Poor$2,740
Fair$1,636
Good$1,322
Very Good$1,229
Exceptional$1,097
 

Learn more about your credit score's impact on your auto insurance rates.

See auto insurance quotes from top companies.

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Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer.

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, Car and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

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 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.