Waco Car Insurance

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 insurer


The best way to save on auto insurance is to compare rates from as many companies as possible, selecting the provider from which you receive the most affordable 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 auto insurance rates by age

The best age for car insurance rates as a driver in Waco is your age_50s: drivers in this age group pay an average of $1,142per year. Drivers in their age_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 lower 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 US, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Waco pay $94 less than single drivers for auto insurance. 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

Learn more about how gender and marital status have on insurance rates.



Waco car insurance costs by incident 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 (damages < $1,000)$1,660
At-fault Accident (damages > $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 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 savings on insurance 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

Curious about how your credit score might impact your auto insurance rates? Click here to learn more.



Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including BestCompany.com.