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How much is car insurance in Mineral Wells?
|Area||Average Monthly Car Insurance Premium|
Auto insurance coverage in Mineral Wells is about $18 cheaper than it is in the rest of Texas.
Likewise, when compared to the national average, the cost for auto insurance in Mineral Wells is lower. It's around $33 less to insure your vehicle compared to the average rate for the United States as a whole.
While these are the average costs to insure your vehicle in Mineral Wells, keep in mind that you could end up paying a different amount. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
But don't worry, we've broken down the average rates for Mineral Wells residents based on several different factors so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP Code below and find out!
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Mineral Wells Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
Generally, the older you are the more experienced you are behind the wheel, right? That experience can lead to some serious savings when it comes to car insurance rates. As you can see, 18-24-year-olds pay $29 more than someone who is retirement aged.
For every ten years older you get, you can expect to see a drop in your monthly premium. As you get closer to retirement age, however, you may see your rates climb back up in Mineral Wells.
Mineral Wells Car Insurance Rates by Gender
Car insurance rates for women are generally cheaper than they are for men. In Mineral Wells, however, male and female drivers both pay about the same rate for car insurance.
Mineral Wells Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary quite a lot. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. Drivers in Mineral Wells with a single accident on their record will usually see rates around $60 a month. In addition, drivers with a single ticket on their record can expect to pay around $55 a month on average.
When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.
Mineral Wells Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$33|
|15 Years or Older||$43|
The cheapest vehicles to insure in Mineral Wells are by and large SUVs, with each type typically costing about $44 per month.
Truck and van drivers will see rates of about $47 for car insurance coverage, while car owners usually pay around $48 per month.
Vehicle age can also affect your monthly bill. Newer vehicles are generally going to be the most expensive to insure. However, once your car is a few years old, you may start to see your monthly premium decrease. The most expensive vehicles to insure in Mineral Wells are vehicles eight-to-ten years old.
Mineral Wells Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$50|
Generally speaking, people who are married will pay slightly less for auto insurance coverage. This oftentimes is a result of owning multiple vehicles that are on the same policy, something some companies will reward with discounts.
In Mineral Wells, the difference in rates based on relationship status can be as much as $4 a month.
Mineral Wells Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$66|
One other element taken into consideration is your living situation. Renters can expect to pay around $4 a month more than drivers who own property in Mineral Wells. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
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 overall costs.
Car Insurance Companies in Mineral Wells, TX
Recent trends in car insurance for Mineral Wells drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance policy.
The cost of auto insurance coverage in Mineral Wells increased from 2017-2018, before steadying out in 2019. They went up again, hitting a high of $57 in 2021, and finished down at $40 in 2022.
How does Mineral Wells compare to neighboring areas?
Why are car insurance rates in Mineral Wells different from other areas?
There are numerous factors car insurance companies take into consideration when deciding how much to charge for a monthly rate. Many factors affecting your policy are based around where you live and drive. These factors include things like:
- Amount of drivers in the area
- Frequency of car accidents
- Community regulations
- Access to off-street parking
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. 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 Mineral Wells?
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.
But hold on! Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from dozens of car insurance companies that offer coverage in Mineral Wells.
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Mineral Wells Auto Insurance FAQs
What factors affect car insurance quotes in Mineral Wells?
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 driving record, credit score, address and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Mineral Wells different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, crime rates, and local laws when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Mineral Wells?
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 Mineral Wells?
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. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Mineral Wells or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?
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