Table of contents
How much is car insurance in Austin?
|Area||Average Monthly Car Insurance Premium|
Looking at the chart above, you can see that the average monthly price is about the same in Austin as it is in the rest of Texas.
Likewise, the expected monthly payments for an auto insurance policy in Austin are below the national average. You can expect to pay about $20 less for your policy in Austin than in the rest of United States.
While these are the average costs to insure your vehicle in Austin, keep in mind that you could end up paying a different amount. There are a variety of factors that car insurance companies consider to determine how much to charge you to insure your vehicle. The final dollar amount you'll be asked to pay each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
We've broken down average rates for Austin to help you understand what your policy's monthly premium will cost. If you're not certain that you're getting the cheapest rate for your area, just enter your ZIP code below to find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|45-54||Not Enough Data|
The more time you've spent on the road, the more experience you have. That experience can lead to some serious savings when it comes to car insurance premiums. In Austin, drivers around retirement age can expect to pay nearly half of those who are 18-24, and more than four times less than drivers under 18.
You can expect to see your monthly premium drop every 10 years or so. As you get closer to retirement age, however, you may see your rates begin to climb back up.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less for car insurance than their male counterparts. Male and female drivers in Austin however, both pay around $59 per month for auto insurance.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions, while those with clean driving records will obviously pay the least. The rate for drivers in Austin with a single accident on their record is about $70 a month. Likewise, drivers with one ticket will be looking at a rate of around $84 a month on average.
Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. In order to minimize your monthly rate, practice safe driving habits and keep your record clean.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$56|
|15 Years or Older||$57|
According to the first table above, the cheapest vehicles to insure in Austin are for the most part trucks and vans, although all the difference is small.
The monthly premium for car owners is about $59 a month, while SUV owners' policies run them around $58 per month.
For truck and van drivers, however, their monthly premium totals to about $57.
The age of your vehicle can also affect your monthly bill. Overall, newer vehicles are going to cost the most to insure. However, once your car is about 5 years old, you might start to see your rates slide back down slightly. The most expensive vehicles to insure in Austin, however, are vehicles eleven-to-fourteen years old and eight-to-ten years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$62|
More often than not, married policyholders will pay less for their car insurance. This usually boils down to owners having multiple vehicles on the same policy, something many companies offer special discounts for.
The difference between single and married drivers in Austin is around $12 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$100|
Another factor taken into consideration is your housing situation. In Austin, homeowners can expect to pay around $10 a month less than those who rent. But if you live with your parents, you can expect to pay a lot more.
That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.
Car Insurance Companies in Austin, TX
Recent trends in car insurance for Austin drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when deciding when and where to shop.
The cost of auto coverage in Austin rose from 2016-2017, where it hit a high of $61, before steadying out in 2018. Rates have risen slightly again in recent years, finishing at $61 a month in 2021.
How does Austin compare to neighboring areas?
Why are car insurance rates in Austin different from other areas?
There are a number of factors car insurance companies will consider when choosing how much to charge for a monthly rate. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you park your car. These include things like:
- Area crime rates
- Total amount of drivers in the area
- Off-street parking accessibility
- Regional laws
- Frequency of car accidents
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Get started with a guide like this to get familiar with the average rates of your area.
How can I find the cheapest car insurance in Austin?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
Fortunately, Compare.com can handle all of this for you. Simply enter your ZIP below, answer a few questions related to the factors we outlined above, and you'll be quickly comparing the cheapest quotes from loads of the car insurance companies offering policies in Austin in no time.
Austin Insurance FAQs
What factors affect car insurance quotes in Austin?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your driving record, address, credit score, marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Austin different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, crime rates, and local laws when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Austin?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Austin?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Austin or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.