Average car insurance cost in Dallas, TX

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Based on an analysis by Insure.com, the typical car insurance expense in Dallas, Texas is $2,278 annually. Furthermore, car insurance premiums in Dallas are $235 more than compared to the state average in Texas and $383 more than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Dallas, the average car insurance rates by age and gender, and the costs in Dallas based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Dallas. Keep reading to learn more.

Cheap car insurance companies in Dallas

Texas Farm Bureau offers the cheapest car insurance in Dallas, at an average of $1,644 per year with full coverage limits of 100/300/100.

The second cheapest company in Dallas is Nationwide, offering car insurance rates at $1,690 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Dallas before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Dallas, Texas:

Read about the best car insurance companies.

Average car insurance cost in Dallas by coverage limits

The average car insurance rates in Dallas based on coverage types are as follows:

• State minimum coverage: $673 per year (limits are 25/50/25)
• Liability only coverage: $923 per year (limits are 50/100/50)
• Full coverage: $2,278 per year (limits are 100/300/100)
• Non-owners coverage: $523 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Dallas

In Dallas, Texas, the average annual car insurance premium for female drivers is $2,272 per year.

While the average annual cost for male drivers is $2,284 per year, which is $12 more than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Dallas

In Dallas, teenagers have the highest car insurance rates, at $5,296 per year or $441 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $3,463 annually for car insurance, which is $1,833 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Dallas have car insurance rates of $2,283 and $2,215 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Dallas

Examining the trends in car insurance rates in Dallas, Texas it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 5%, or $117.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Dallas are higher than the average rates in Texas. Drivers in Dallas can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.