Lake Dallas, TX Car Insurance

On average, Lake Dallas drivers pay a monthly average rate of around $60 for their car insurance. Learn more in our handy guide below.
Are rates in Lake Dallas higher or lower than those in neighboring areas? How do they compare to the rest of Texas? What rates should residents of Lake Dallas expect to pay for their car insurance? 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$60
TX$64
United States$80

Car insurance coverage in Lake Dallas is about $4 cheaper than it is in the rest of Texas.

Likewise, car insurance rates in Lake Dallas are more affordable than the national average. You can expect to pay about $20 less for your policy in Lake Dallas than in the rest of United States.

Although these are the average rates for auto insurance in Lake Dallas, it's important to remember that you could end up paying something different. 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 done the heavy lifting for you and broken down the average rate for Lake Dallas so that you can get a more accurate idea of what you might pay. And if you think you might be overpaying for insurance, simply enter your ZIP Code 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$105
25-34$61
35-44$51
45-54Not Enough Data
55-64$37
65+$44

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

Every ten years or so you can expect to see a decline in your monthly premium. Once you hit retirement age, however, you may see your rates climb back up a bit in Lake Dallas.

Average Car Insurance Rates by Gender

Gender Average
Male$63
Female$56

Male drivers pay, on average. slightly more than female drivers for auto insurance. This is true in Lake Dallas, where women pay around $7 less per month. Based on the chart above, you can see that male drivers pay $63 on average, while female drivers typically pay $56 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$85
Multiple Accidents$86
1 Ticket$70
Multiple Tickets$150

Depending on your driving record, your rates can vary wildly. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions. Drivers in Lake Dallas with one accident will pay around $85 a month. Similarly, drivers with one ticket will typically pay around $70 on average.

Accidents, tickets, and other driving infractions can cost you some serious cash. 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$43
2-3 Years$43
4-5 Years$61
6-7 Years$94
8-10 Years$64
11-14 Years$47
15 Years or Older$65

If you look at the first table above, you'll see that SUVs are typically the cheapest vehicles to insure in Lake Dallas, with drivers paying around $51 per month to insure their vehicle.

Car owners will see rates of about $63, while truck and van owners by and large pay around $58 a month.

Depending on your vehicle's age, you can also expect to see slightly different rates. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is around 5 years old you may start to see your rates drop back down a bit. 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)$70
Married$44
Divorced$47
Widowed$46

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

In Lake Dallas, the difference in rates based on relationship status can be as much as $26 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$48
Rent$61
Live with parents$90

Your housing situation is another factor that affects your monthly rate. In Lake Dallas, homeowners can expect to pay around $13 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.

If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.

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.

Insurance rates in Lake Dallas have been mixed recently. They fell in 2016, rose in 2018, and declined again in 2020, before finishing at $37 in 2021.

How does Lake Dallas compare to neighboring areas?

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

Car insurance companies will consider several factors when trying to decide how much to charge for a policy. Many factors affecting your policy are based around where you live and drive. These factors include things like:

  • Laws
  • Road safety
  • Amount of drivers in the area
  • Off-street parking accessibility
  • Local crime rates

It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Each area will have different rates. Guides like these are a wonderful place to get started.

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

In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.

Good news! Compare.com will handle the heavy lifting for you. Put in your ZIP below, respond to a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies offering auto coverage in Lake Dallas.

Compare the cheapest quotes from dozens of insurance companies

Lake Dallas Insurance FAQs

What factors affect car insurance quotes in Lake Dallas?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, 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 crime rates, local laws, and parking situations, 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?

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?

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 Lake Dallas 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.

Find your best rate in just a few minutes