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

At an average of $1,644 per year with full coverage limits of 100/300/100, Texas Farm Bureau provides the most affordable car insurance in Dallas.

Ranked as the second most affordable company in Dallas, Nationwide provides car insurance at $1,690 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Dallas that align with your needs before selecting a policy.

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

In Dallas, the average car insurance rates the coverage levels 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 most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Dallas

The average car insurance rate for a female driver in Dallas, Texas, is $2,272 per year.

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

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. 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

Car insurance rates in Dallas, are highest for teens at $5,296 per year or $441 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $3,463 annually for their car insurance, which is $1,833 less than what teens pay for their insurance coverage.

In Dallas, adult drivers pay an average of $2,283 per year for car insurance, while senior drivers pay $2,215 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

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

Car insurance rate trends in Dallas

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

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Dallas, are higher than the average insurance cost in Texas. Shopping around and taking advantage of available discounts, drivers in Dallas can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

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.