Magnolia, TX Car Insurance

Drivers in Magnolia pay, on average, $72 a month for their car insurance. Check out our guide below to find out how much you'll pay.
How does Magnolia compare to the surrounding area and the rest of Texas? What should residents of Magnolia 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 Magnolia?

Area Average Monthly Car Insurance Premium
Magnolia$72
TX$65
United States$81

Based on the information in the chart above, you can see that on average, it's about $7 a month more expensive to insure your vehicle in Magnolia than it is in the rest of Texas.

If you're thinking of moving to Magnolia from out of state, you may still be in luck. The average monthly payment for the United States as a whole is about $9 more expensive than in Magnolia.

Although these are the average monthly costs for an auto insurance policy in Magnolia, that doesn't mean it's exactly what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for your car insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your policy's monthly price.

We've analyzed the average rate for Magnolia and broken down the different factors to help you understand what your monthly bill might look like. And if you're not sure if you're getting the cheapest rate, 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$123
25-34$67
35-44$60
45-54Not Enough Data
55-64$47
65+$57

The more time you have behind the wheel, the more experienced of a driver you should be. That experience can snag you some serious savings when it comes to auto insurance. As you can see, 18-24-year-olds pay two times as much as drivers of retirement age.

For every ten years older you get, you can expect to see a drop in your monthly premium. Having said that, once you approach retirement age your rates may climb back up in Magnolia.

Average Car Insurance Rates by Gender

Gender Average
Male$74
Female$70

Car insurance rates for men are usually slightly more expensive than they are for women. In Magnolia, the difference comes out to about $4 per month. As you can see in the table above, male drivers in the area typically pay $74 on average, while female drivers typically pay $70 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$92
Multiple Accidents$114
1 Ticket$87
Multiple Tickets$135

Your driving record can have a tremendous impact on your car insurance rates. Those with clean records can expect to pay significantly less than those with infractions. In Magnolia, drivers with one accident on their record will experience rates around $92 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $87.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$57
2-3 Years$77
4-5 Years$80
6-7 Years$75
8-10 Years$76
11-14 Years$71
15 Years or Older$69

In terms of affordable coverage, the cheapest vehicles to insure in Magnolia are usually SUVs, at $71 per month.

Truck and van drivers will see rates of about $75, while the rates for SUV owners average out to about $71 a month.

The age of your vehicle can also affect your monthly bill. Newer vehicles are generally going to be the most expensive to insure. Once your car is close to 5 years old however, your rates may start to dip back down a bit. In Magnolia, the most expensive vehicles to insure are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$82
Married$52
Divorced$58
Widowed$62

Generally, people who are married will pay slightly less for car insurance coverage. 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 Magnolia as well, where the difference is around $30 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$62
Rent$72
Live with parents$112

Your housing situation is another factor that affects your monthly rate. In Magnolia, homeowners can expect to pay around $10 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.

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 Magnolia, TX

Recent trends in car insurance for Magnolia drivers

Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.

The rates for car insurance in Magnolia dropped from 2017-2019, but shifted in 2020. They had been increasing until 2021, when they hit a high of $83, and finished down in 2022, at $57 per month.

How does Magnolia compare to neighboring areas?

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

Car insurance companies will consider several factors when trying to decide how much to charge for a policy. The specifics of where you call home will have an impact on your personal policy. This might include things like:

  • Total amount of drivers in the area
  • Availability of off-street parking
  • Community regulations
  • Rate of crime
  • Rate of car accidents

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. 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 Magnolia?

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

Luckily, Compare.com does all of that work for you. Put in your ZIP below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from a number of the car insurance companies providing auto coverage in Magnolia.

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Magnolia Insurance FAQs

What factors affect car insurance quotes in Magnolia?

Car insurance companies calculate quotes based on a wide array of factors. These 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?

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 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?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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 Magnolia 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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