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How much is car insurance in Lake Dallas?
|Area||Average Monthly Car Insurance Premium|
Car insurance coverage in Lake Dallas is about $7 cheaper than it is in the rest of Texas.
Compared to the rest of the country, auto insurance in Lake Dallas is more affordable. The average monthly payment in Lake Dallas is about $22 less than the rate for the rest of the United States.
Keep in mind that these are the average auto insurance rates for Lake Dallas, and that the rate you get could end up being something different. The amount that insurance companies end up charging you is determined by a number of factors. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the final amount you'll be charged for coverage each month.
Don't sweat it however, we've broken down average rates for Lake Dallas residents so that you can get a more accurate idea of what you might pay. And if you're not certain that you're paying the lowest option, simply enter your ZIP Code below and find out in just minutes!
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Lake Dallas Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
It's pretty safe to assume that the older you are, the longer you've been driving, right? That experience can lead to some serious savings when it comes to auto insurance bills. As you can see, 18-24-year-olds pay two times as much as someone who is retirement aged.
You can expect to see your monthly premium drop every 10 years or so. Having said that, once you approach retirement age your rates may start to rise again in Lake Dallas.
Lake Dallas Car Insurance Rates by Gender
On average, female drivers pay slightly less for car insurance than their male counterparts. The difference in average rates in Lake Dallas totals about $7 per month. As illustrated in the table above, female drivers in the area pay about $54 on average, while male drivers pay around $61 each month.
Lake Dallas Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a huge impact on your car insurance rates. Drivers with clean records can expect to pay much less than those with accidents or violations. In Lake Dallas, a driving record with one accident will usually get you a rate around $85 a month. Similarly, drivers with one ticket will typically pay around $65 on average.
Lake Dallas Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$43|
|15 Years or Older||$55|
As you can see in the first table above, the cheapest vehicles to insure in Lake Dallas are by and large SUVs, which run about $50 per month.
Car owners can expect to pay an average of around $60 a month for their policy, while truck and van drivers are usually around $55 to insure each month.
The age of your vehicle has an impact on the cost of your policy as well. Generally, the most expensive vehicles to insure are going to be newer ones. However, once your car is a few years old you may start to see your rates drop back down a bit. The most expensive vehicles to insure in Lake Dallas are vehicles six-to-seven years old.
Lake Dallas Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$65|
Generally speaking, those who are currently married will pay slightly less for auto insurance. This occurs because insurance companies commonly award 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 $19 a month.
Lake Dallas Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$90|
Another factor that comes into play is your living accommodations. Renters can expect to pay around $12 a month more than drivers who own property in Lake Dallas. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and 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 when selecting an auto insurance policy.
Car insurance rates in Lake Dallas increased from 2017-2019, when they hit a high of $78. This pattern shifted in 2020, when they began to decrease, and have continued moving in that direction through the present, when policy premiums reached a low of $43 a month.
How does Lake Dallas compare to neighboring areas?
Why are car insurance rates in Lake Dallas different from other areas?
Car insurance companies look at a variety of factors when they're choosing how much to charge for a policy. The specifics of where you live and drive will have an impact on your personal policy. This might include things like:
- Amount of drivers in the area
- Amount of off-street parking
- Frequency of car accidents
- Rate of crime
- Regional regulations
You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. 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 Lake Dallas?
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 punch in your ZIP below, answer a few questions about your driving profile, and you'll be comparing the cheapest quotes from loads of the car insurance companies providing coverage in Lake Dallas.
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Lake Dallas Auto Insurance FAQs
What factors affect car insurance quotes in Lake Dallas?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Lake Dallas different from other neighboring cities?
Things like local laws, parking situations, and crime rates, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Lake Dallas?
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 Lake Dallas?
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 Lake Dallas 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.
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