Lake Dallas, TX Car Insurance

The average monthly cost for car insurance in Lake Dallas is about $59. To learn more about car insurance rates in the Lake Dallas area, read our guide below.
What can Lake Dallas residents expect to pay for their car insurance? Compared to their surrounding area, how do rates in Lake Dallas stack up? What about against the rest of Texas? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:  

How much is car insurance in Lake Dallas?

Area Average Monthly Car Insurance Premium
Lake Dallas$59
TX$65
United States$81

The cost of coverage in Lake Dallas is about $6 a month cheaper than it is for the rest of Texas.

Compared to the national average cost of auto insurance coverage, Lake Dallas has lower rates. The average monthly payment in Lake Dallas is about $22 less than the rate for the rest of the U.S.

While these are the average costs to insure your vehicle in Lake Dallas, keep in mind that you could end up paying a different amount. There are a variety of factors that insurance companies consider when determining how much to charge you for insurance. The monthly premium you'll see 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 Lake Dallas to help you understand what your policy's monthly premium will cost. And if you think you might be overpaying for insurance, simply enter your ZIP below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$104
25-34$64
35-44$45
45-54$48
55-64$38
65+$44

More time behind the wheel makes you a more experienced driver. When it comes to car insurance bills, that experience pays off. As you can see, 18-24-year-olds pay two times the price that someone who is retirement aged.

For every 10 years, you can expect to see a decrease in your monthly premium. Drivers in Lake Dallas may see their rates creep back up once they hit retirement.

Average Car Insurance Rates by Gender

Gender Average
Male$63
Female$54

Car insurance rates for men are usually slightly more expensive than they are for women. This rings true in Lake Dallas, where women pay around $9 less per month than men. Based on the chart above, you can see that female drivers pay around $54 on average, while male drivers typically pay $63 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$85
Multiple Accidents$86
1 Ticket$65
Multiple Tickets$89

One of the biggest factors in determining your car insurance rates is your driving record. Those with clean records can expect to pay less than those with infractions. In Lake Dallas, a driving record with a single accident will usually get you a rate around $85 a month. In addition, drivers with one ticket can expect to pay around $65 a month on average.

When it comes to your monthly premium, accidents, tickets, and other driving infractions can really take a toll. Remember, the safer you are as a driver, the cheaper your car insurance will be.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$43
2-3 Years$45
4-5 Years$61
6-7 Years$73
8-10 Years$66
11-14 Years$49
15 Years or Older$58

The cheapest vehicles to insure in Lake Dallas are usually SUVs, with each type typically costing about $54 per month.

Truck and van drivers will see rates of about $56 to insure their car, while car owners by and large pay around $61 a month.

Vehicle age has an impact on the cost of your policy as well. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to drop back down once your car is a few years old. In Lake Dallas, vehicles six-to-seven years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$66
Married$48
Divorced$47
Widowed$46

Generally, those who have settled down into marriage will pay slightly less for car insurance. This occurs because insurance companies commonly offer special discounts to policyholders with multiple vehicles that are on the same policy.

At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Lake Dallas as well, where the difference is around $18 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$48
Rent$58
Live with parents$90

Another factor that comes into play is your housing status. In Lake Dallas, homeowners can expect to pay around $10 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.

Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your car insurance costs.

Car Insurance Companies in Lake Dallas, TX

Recent trends in car insurance for Lake Dallas 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.

Car insurance rates in Lake Dallas rose from 2017-2019, when they reached a high of $78, but began to decrease from 2020-2021. They finished up in 2022, at $51 per month.

How does Lake Dallas compare to neighboring areas?

Why are car insurance rates in Lake Dallas different from other areas?

There are a lot of factors car insurance companies take into consideration when choosing how much to charge for a monthly rate. While we've discussed the ones that affect your personal policy, others are based around where you park your car. These include things like:

  • Local crime rates
  • General road safety (how many accidents each locality has)
  • Laws
  • Amount of drivers in the community
  • Amount of off-street parking

You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. With the knowledge 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 particular neighborhood.

How can I find the cheapest car insurance in Lake Dallas?

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.

Luckily, Compare.com can handle all of this for you. Enter your ZIP Code below, answer a few questions on you and your vehicle, and you'll be quickly comparing the cheapest quotes from a bulk of the car insurance companies that offer auto coverage in Lake Dallas.

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Lake Dallas Insurance FAQs

What factors affect car insurance quotes in Lake Dallas?

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 marital status, credit score, address, and driving record.

Why is the cost of car insurance in Lake Dallas 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 Lake Dallas?

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 Lake Dallas?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

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 Lake Dallas 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?

Find your best rate in just a few minutes