Bonham, TX Car Insurance

How does Bonham compare to the surrounding area and the rest of Texas? How much can residents of Bonham expect to pay for their car insurance? Discover the factors that go into calculating the average cost in our writeups and charts below:

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How much is car insurance in Bonham?

Based on the chart above, you can see that it's about $13 a month cheaper to insure your vehicle in Bonham than it is in the rest of Texas.

Drivers relocating from out of state may enjoy some cost savings in Bonham. It's about $28 cheaper than the national average to insure your vehicle in Bonham.

Bear in mind that while these are the average car insurance rates for Bonham, you could end up paying something different. There are a variety of factors that car insurance companies consider to determine how much to charge you to get your vehicle insured. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in the bill you'll see each month.

We've analyzed the average rate for Bonham and broken down the different factors to help you understand what exactly you might be asked to pay. And if you're not sure that you're paying the lowest option, simply enter your ZIP Code below and find out!

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Bonham Car Insurance Rates by Age

It's pretty safe to assume that the older you are, the longer you've been driving. When it comes to car insurance premiums, that experience can really pay off. In this case, 18-24-year-olds pay twice as much as drivers 65 and older.

As you get older, you can expect to see a drop in your monthly premium every 10 years. Bonham drivers may see their rates climb back up once they hit retirement age.

Bonham Car Insurance Rates by Gender

Male drivers pay, on average. slightly more than female drivers for auto insurance. This is true in Bonham, where male drivers pay about $5 more per month. Based on the chart above, you can see that male drivers pay $54 on average, while female drivers typically pay $49 each month.

Bonham Auto Insurance Rates by Driving Record

Rates can change drastically depending on your driving record. Those with fewer accidents and tickets will pay much less than those with multiple infractions. In Bonham, a driving record with one accident will usually get you a rate around $58 a month. Likewise, drivers with one ticket will be looking at a rate of around $54 a month on average.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.

Bonham Insurance Rates by Vehicle

According to the first table above, cars are usually the cheapest vehicles to insure in Bonham, with drivers paying around $50 per month for auto insurance.

Truck and van drivers will see rates of about $55, while the rates for SUV owners average out to about $52 a month.

You can also expect to see slightly different rates depending on your vehicle's age. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is close to 5 years old, however, you may see your bill start to shrink a bit. In Bonham, vehicles eleven-to-fourteen years old are the most expensive to insure.

Bonham Car Insurance Rates by Relationship Status

On average, people who are married will pay slightly less for car insurance. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.

In Bonham, the difference in rates based on relationship status can be as much as $4 a month.

Bonham Car Insurance Rates by Housing Situation

Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment in Bonham, expect to pay around $8 a month more than if you own your home. Those who live with their parents, however, can expect to pay a lot more.

Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your average premiums, depending on your insurance company.

Car Insurance Companies in Bonham, TX

Recent trends in car insurance for Bonham drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending when choosing your car insurance policy.

The rates for auto insurance in Bonham dropped from 2017-2019, when they hit a low of $37. This shifted in 2020, when they began to rise again. Policy premiums finished down in 2022, at $45 per month

How does Bonham compare to neighboring areas?

Why are car insurance rates in Bonham different from other areas?

There are a variety of factors car insurance companies take into consideration when choosing how much to charge for coverage. The price of your insurance policy will depend largely on where you live and will be influenced by things such as:

• General road safety (how many accidents each locality has)
• Prevalence of crime
• Number of drivers in the community
• Availability of off-street parking
• Area regulations

A decent level of familiarity with these factors can be helpful when you're ready to purchase of a new policy or thinking about making a move. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.

How can I find the cheapest car insurance in Bonham?

While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

But wait! Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from a number of the car insurance companies offering coverage in Bonham.

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Bonham Auto Insurance FAQs

What factors affect car insurance quotes in Bonham?

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 vehicle's year, make and model, plus your marital status, address, credit score, and driving record.

Why is the cost of car insurance in Bonham 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 crime rates, parking situations, 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 Bonham?

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Bonham?

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. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Bonham or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?