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How much is car insurance in Elgin?
|Area||Average Monthly Car Insurance Premium|
Compared to the rest of the Texas, coverage in Elgin is about $5 a month cheaper.
Similarly, car insurance rates in Elgin are often favorable when viewed against the rest of the country. The average monthly payment for the U.S. as a whole is about $20 more expensive than in Elgin.
These rates provide a great starting point for understanding what to expect for your monthly payment, but there's no guarantee that this is what you will end up paying. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. The final dollar amount you'll be asked to pay each month is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
Don't sweat it however, we've broken down average rates for Elgin residents so that you can get a more accurate idea of what you might pay. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!
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Elgin Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It's pretty safe to assume that the older you are, the more experience you have as a driver. When it comes to car insurance bills, that experience pays off. In this case, 18-24-year-olds pay significantly more than someone who is at retirement age.
As you get older, you can expect to see a drop in your monthly premium every 10 years. Drivers in Elgin may see their rates climb back up a bit once they hit retirement.
Elgin Car Insurance Rates by Gender
On average, female drivers pay slightly less than male drivers for car insurance. In Elgin, male drivers pay about $16 more a month. As you can see in the table above, male drivers in the area typically pay $70 on average, while female drivers typically pay $54 each month.
Elgin Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Drivers who avoid accidents and tickets will pay lower rates than those with infractions. Drivers in Elgin with a single accident will pay around $71 a month. Likewise, drivers with one ticket will be looking at a rate of around $91 a month on average.
Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.
Elgin Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$59|
|15 Years or Older||$60|
In terms of affordable coverage, the cheapest vehicles to insure in Elgin are typically trucks and vans, at $55 per month.
Car owners can expect to pay an average of around $64 a month for their policy, while SUVs usually cost around $58 a month to insure.
Your vehicle's age also plays a role in your monthly payment. Generally, newer vehicles are going to be the most expensive to insure. Once your car is about 5 years old, however, you may see your bill start to shrink a bit. In Elgin, vehicles six-to-seven years old are the most expensive to insure.
Elgin Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$65|
Generally, those who have settled down into marriage will pay slightly less to insure their vehicle. This can usually be attributed to their policies having multiple vehicles, a factor that will often get you a discount.
At a national level, single drivers usually pay more than married couples do for auto insurance. Elgin follows that pattern, with the difference totaling to around $14 a month.
Elgin Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$99|
Your living accommodations is another factor that affects your monthly rate. Renters can expect to pay around $6 a month more than homeowners in Elgin. But if you live with your parents, your rates will be significantly higher.
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 Elgin, TX
Recent trends in car insurance for Elgin drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending before picking an insurance policy.
The rates for auto insurance in Elgin went up from 2020-2021, before leveling out in 2022. They finished down in 2022, at $56 per month
How does Elgin compare to neighboring areas?
Why are car insurance rates in Elgin different from other areas?
There are several factors car insurance companies take into consideration when deciding how much to charge for a monthly rate. Many factors affecting your policy are based around where you live. These factors include things like:
- Access to off-street parking
- Total amount of drivers in the community
- General road safety (how many accidents each locality has)
- Crime levels
- Area regulations
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. 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 Elgin?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Fortunately, Compare.com does all of that work for you. Just put in your ZIP Code below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from several of the car insurance companies that offer policies in Elgin.
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Elgin Auto Insurance FAQs
What factors affect car insurance quotes in Elgin?
Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your address, credit score, driving record, and marital status.
Why is the cost of car insurance in Elgin different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, local laws, and parking situations -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Elgin?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Elgin?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea 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?
Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Elgin or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.
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