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How much is car insurance in Red Oak?
|Area||Average Monthly Car Insurance Premium|
As you can see, car insurance policies across the rest of Texas are about $4 a month cheaper than the rates drivers pay in Red Oak.
Conversely, when compared to the national average, the cost for auto insurance in Red Oak is lower. The average monthly payment in Red Oak is about $11 cheaper than the rate for the rest of the United States.
These rates may be the average amount Red Oak residents pay for their insurance policy, but that doesn't mean it's exactly what you'll pay. There are a variety of factors that insurance companies consider when determining how much to charge you for insurance. 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 even your credit score depending on the circumstances.
But don't worry, we've broken down the average rate for Red Oak residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. To find out if you're getting the cheapest rate, just enter your ZIP Code below and find out in minutes!
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Red Oak 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? When it comes to auto insurance rates, that experience can help put some change back into your pocket. As you can see, 18-24-year-olds pay two times the price that someone who is retirement aged.
You can expect to see your monthly premium drop about once a decade or so. Drivers in Red Oak may see their rates climb back up a bit once they hit retirement age.
Red Oak Car Insurance Rates by Gender
In general, car insurance rates for women are usually cheaper than they are for men. In Red Oak, although women do pay slightly less on their monthly insurance rates, the cost is about the same for either group.
Red Oak Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can vary wildly depending on your driving record. Drivers with clean records will pay lower rates than those with accidents or violations. Drivers in Red Oak with a single accident on their record will usually see rates around $95 a month. Likewise, drivers with one ticket will be looking at a rate of around $106 a month on average.
When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. Remember, the safer you are as a driver, the cheaper your car insurance will be.
Red Oak Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$60|
|15 Years or Older||$60|
According to the first table above, SUVs are by and large the cheapest vehicles to insure in Red Oak, with drivers paying around $56 per month for auto insurance.
Car owners, on the other hand, usually pay around $73 per month, while truck and van drivers can expect to pay about $67 a month to insure their car.
Vehicle age has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. However, if your car is about 5 years old, you can expect to see your rates start dropping back down. In Red Oak, the most expensive vehicles to insure are vehicles eleven-to-fourteen years old.
Red Oak Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$77|
More often than not, car insurance is slightly cheaper for married policyholders. This occurs because insurance companies commonly extend special discounts to policyholders with multiple vehicles that are on the same policy.
At a national level, single drivers usually pay more than married couples do for auto insurance. Red Oak follows that pattern, with the difference totaling to around $26 a month.
Red Oak Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$99|
Your living situation is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $6 a month more than if you own your own home in Red Oak. But those who live at home with their parents can expect to pay significantly more.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your car insurance costs, depending on your insurance company.
Car Insurance Companies in Red Oak, TX
Recent trends in car insurance for Red Oak drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when deciding when and where to shop.
The rates for auto insurance in Red Oak decreased from 2017-2019, when they hit a low of $61. This pattern leveled out in 2020, when they began to rise, and have continued on that road through 2022, when policy premiums reached a high of $79 per month.
How does Red Oak compare to neighboring areas?
Why are car insurance rates in Red Oak different from other areas?
Car insurance companies look at a variety of factors when they're choosing how much to charge for a policy. While we mentioned the factors that affect your personal policy, others are based around your home address. These include things like:
- Total number of drivers in the community
- Local crime rates
- General road safety (how many accidents each locality has)
- Area regulations
- Access to off-street parking
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. 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 Red Oak?
While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Fortunately, Compare.com does all of that work for you. Enter your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering policies in Red Oak.
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Red Oak Auto Insurance FAQs
What factors affect car insurance quotes in Red Oak?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Red Oak 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 Red Oak?
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 Red Oak?
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 point, no matter how much time is left on your current policy. If you're thinking about moving to Red Oak or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.
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