Waco Car Insurance

The Zebra
May 30, 2018

Car Insurance in Waco

On average, Waco premiums sit under Texas' average by 7%, so saving while insuring a vehicle in Waco is critical. Who doesn't like to save money? Check out some methods to save on car insurance in Waco.

  • City Average: $1,686
  • State Average: $1,810
  • National Average: $1,427

Waco Car Insurance by Gender and Marital Status

Many driver attributes, including marital status and gender, play a role in car insurance premiums in Waco. In your city, marital status actually has a substantial impact on premiums. Being single, as opposed to married, can cost you close to 11% more per year on car insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. Generally, males have premiums that are a mere 1% more expensive than those for females.

  • Female: $1,665
  • Male: $1,686
  • Single: $1,686
  • Married: $1,515
  • Divorced: $1,686
  • Widowed: $1,521

Waco Car Insurance by Credit Rating

Improving your credit can save you a good bundle of money. Those in the top credit tier (800-850) generally save $1,537 each year on premiums compared to those in the bottom tier (300-579). The biggest benefit of better credit occurs when improving from Very Poor (300-579) to Fair (580-669), by which drivers can save approximately $346 per year.

  • Very Poor: $2,933
  • Fair: $2,486
  • Good: $2,065
  • Very Good: $1,742
  • Exceptional: $1,396

Waco Car Insurance by Age

At $1,430, drivers in their 50s have the lowest rates among any age group. People in their 60s ($1,493) have premiums that aren't much higher. The greatest dip in premiums between any age group is from the teenage age bracket to the 20s, as drivers in Waco start saving 62% every year. When drivers turn 60, they will experience a car insurance premium increase related to their age for the first time. With typical car insurance payments of $5,413, teenage drivers have the highest rates amongst all the age groups.

  • Teenagers: $5,413
  • 20s: $2,046
  • 30s: $1,660
  • 40s: $1,606
  • 50s: $1,430
  • 60s: $1,493
  • 70s: $1,851

Waco Car Insurance by Accident or Violation History

Having an unblemished driving record is important if you want to keep the expense of premiums minimal. Expect your yearly car insurance premiums to rise by 49% if you are found at-fault in an accident in Waco. Typically, a DUI in Waco will cost you 40% more in car insurance premiums versus the city average ($1,686). Reckless driving will drive your rates up as well, with average rates of $2,314.

  • DUI: $2,368
  • Reckless Driving: $2,314
  • At-fault Accident (damages less than $1000): $2,511
  • At-fault Accident (damages greater than $2000): $2,511
  • Speeding Ticket (16-20 mph over speed limit): $1,753

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