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How much is car insurance in Mineral Wells?
|Area||Average Monthly Car Insurance Premium|
Based on the chart above, you can see that it's about $18 a month cheaper to insure your vehicle in Mineral Wells than it is in the rest of Texas.
Drivers relocating from out of state may enjoy some cost savings in Mineral Wells. The average monthly payment in Mineral Wells is about $34 cheaper than the rate for the rest of the U.S.
While these numbers are the average rates for auto insurance in Mineral Wells, that doesn't mean it's what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. The final dollar amount you'll be asked to pay each month is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
We've analyzed the average rate for Mineral Wells and broken down the different factors to help you understand what exactly you might be asked to pay. To find out if you're getting the cheapest rate, just enter your ZIP below and find out in minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
More time behind the wheel makes you a more experienced driver. That experience can turn into some real savings when it comes to car insurance bills. As you can see, 18-24-year-olds pay $30 more than drivers 65 and older.
For every ten years older you get, you can expect to see a drop in your monthly premium. That said, once you hit retirement, your rates may creep back up a bit in Mineral Wells.
Average Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. In Mineral Wells, although women do pay a little bit less on their monthly auto insurance coverage, the price is about the same for either group.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
|Multiple Tickets||Not Enough Data|
One of the key factors in determining your car insurance rates is your driving record. Drivers with clean records can expect to pay a lot less than those with accidents or violations. In Mineral Wells, a driving record with one accident will usually get you a rate around $52 a month. Likewise, drivers with one ticket will be looking at a rate of around $57 a month on average.
Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$29|
|15 Years or Older||$44|
In terms of affordable coverage, the cheapest vehicles to insure in Mineral Wells are by and large cars, at $45 per month.
Truck and van drivers will see rates of about $51, while the rates for SUV owners average out to about $46 a month.
You can also expect to see slightly different rates depending on how old your vehicle is. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is a few years old, however, you may see your rates begin to drop back down. In Mineral Wells, the most expensive vehicles to insure are vehicles eleven-to-fourteen years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$50|
On average, married policyholders will pay slightly less for auto insurance coverage. This occurs because insurance companies commonly extend special discounts to policyholders with multiple vehicles that are on the same policy.
The difference in rates based on relationship status in Mineral Wells can be as much as $5 a month, so it's worth keeping that in mind.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$66|
Your housing situation is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment, expect to pay around $10 a month more than if you own your own home in Mineral Wells. Those who live with their parents, however, can expect to pay a lot more.
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 average premiums.
Car Insurance Companies in Mineral Wells, TX
Recent trends in car insurance for Mineral Wells drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending before picking an insurance policy.
The rates for car insurance in Mineral Wells went up from 2016-2018, before leveling out in 2019. Policy premiums rose again recently, reaching a high of $54 in 2021.
How does Mineral Wells compare to neighboring areas?
Why are car insurance rates in Mineral Wells different from other areas?
There are a number of factors car insurance companies will consider when choosing how much to charge for a monthly rate. Your insurance policy will depend largely on where you call home and will be influenced by things such as:
- Regional laws
- Area crime rates
- Off-street parking access
- Road safety
- Number of drivers in the community
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. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Mineral Wells?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Luckily, Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from dozens of car insurance companies that offer plans in Mineral Wells.
Mineral Wells Insurance FAQs
What factors affect car insurance quotes in Mineral Wells?
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 age and gender, as well as your driving record, credit score, address, and marital status.
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 crime rates, local laws, and parking situations 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?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Mineral Wells?
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?
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 Mineral Wells 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.