Magnolia, TX Car Insurance

On average, Magnolia drivers pay a monthly average rate of around $72 for their car insurance. To learn more about policy rates and coverage in the Magnolia area, continue reading our guide below.
What rates can residents of Magnolia expect to pay for their car insurance? How do rates in Magnolia measure up compared to neighboring areas, including Texas as a whole? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:  

How much is car insurance in Magnolia?

Area Average Monthly Car Insurance Premium
Magnolia$72
TX$64
United States$80

Car insurance policies in Magnolia are about $8 a month more expensive than the rest of Texas.

Conversely, the expected monthly payments for an auto insurance policy in Magnolia are below the national average. You can expect to pay about $8 below the national average for auto insurance in Magnolia.

Keep in mind that these are the average auto insurance rates for Magnolia, and that the rate you get could end up being something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. 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.

But don't worry, we've broken down the average rate for Magnolia residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. 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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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$124
25-34$67
35-44$56
45-54Not Enough Data
55-64$47
65+$57

Generally, the older you are, the more experienced you are on the roads, right? When it comes to auto insurance rates, that experience pays off. As you can see, 18-24-year-olds pay two times as much as someone who is retirement aged.

As you get older, you can expect to see a drop in your monthly premium every 10 years. As you get closer to retirement age, however, you may see your rates start to rise again in Magnolia.

Average Car Insurance Rates by Gender

Gender Average
Male$74
Female$70

Female drivers pay, on average, slightly less than their male counterparts. In Magnolia, the difference comes out to about $4 per month. Based on the chart above, you can see that female drivers pay around $70 on average, while male drivers typically pay $74 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$90
Multiple Accidents$114
1 Ticket$115
Multiple Tickets$232

Your rates can change quite drastically depending on your driving record. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. Drivers in Magnolia with a single accident on their record will usually see rates around $90 a month. Likewise, drivers with one ticket will be looking at a rate of around $115 a month on average.

Accidents, tickets, and other driving infractions can really hurt your wallet. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$57
2-3 Years$78
4-5 Years$76
6-7 Years$76
8-10 Years$77
11-14 Years$70
15 Years or Older$69

If you look at the first table above, the cheapest vehicles to insure in Magnolia are by and large SUVs, at $70 per month.

Truck and van drivers will see rates of about $76 for auto insurance coverage, while SUV owners usually pay around $70 a month.

The age of your vehicle can also affect your monthly bill. 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 monthly premium drop back down. In Magnolia, the most expensive vehicles to insure are vehicles two-to -three years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$82
Married$50
Divorced$58
Widowed$62

Generally, married policyholders will pay slightly less for insurance coverage. This usually happens because companies will extend special discounts to policyholders with multiple vehicles that are on the same policy.

On a national scale, single drivers typically pay more than married couples do for auto insurance. Magnolia is no exception, with the difference totaling to around $32 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$62
Rent$70
Live with parents$112

Another factor that comes into play is your living accommodations. Renters can expect to pay around $8 a month more than drivers who own property in Magnolia. Those who live with their parents, however, can expect to pay a lot more.

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

Car Insurance Companies in Magnolia, TX

Recent trends in car insurance for Magnolia drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before picking an insurance policy.

Auto insurance rates in Magnolia have been mixed as of late, they rose in 2016, declined in 2018, and increased again in 2020, before finishing at $84 in 2021.

How does Magnolia compare to neighboring areas?

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

There are a lot of factors car insurance companies take into consideration when choosing how much to charge for coverage. Many factors affecting your policy are based around where you park your car. These factors include things like:

  • Area laws
  • Local crime rates
  • Number of drivers
  • Amount of off-street parking
  • Road Safety (how many accidents each locality has)

It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Knowing 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 Magnolia?

Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.

But hold on! Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from several of the car insurance companies providing plans in Magnolia.

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Magnolia Insurance FAQs

What factors affect car insurance quotes in Magnolia?

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

Why is the cost of car insurance in Magnolia 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 Magnolia?

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, 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 Magnolia?

Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

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 Magnolia 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