Richardson, TX Car Insurance

On average, Richardson drivers pay a monthly average rate of around $67 for their car insurance. Learn more in our handy guide below.
Map of cities where drivers can find cheaper car insurance
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What should residents of Richardson expect to pay for their car insurance? How does Richardson compare to the surrounding area and the rest of Texas? You can see the cost breakdowns and contributing factors in the charts and writeups below:

How much is car insurance in Richardson?

Area Average Monthly Car Insurance Premium
Richardson$67
TX$65
United States$81

Based on the chart above, it costs about the same to insure your vehicle in Richardson as it does in the rest of Texas.

Drivers relocating from out of state may enjoy some cost savings in Richardson. You can expect to pay about $14 below the national average for auto insurance in Richardson.

Keep in mind that while these are the average car insurance rates for Richardson, it isn't guaranteed that 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.

But worry not, we've done the heavy lifting and broken down the average rate for Richardson to help you understand what exactly you might be asked to pay. And if you think you might be overpaying for insurance, simply enter your ZIP Code below to learn more about rates in your area!


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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$99
25-34$62
35-44$55
45-54Not Enough Data
55-64$47
65+$71

It makes sense that older drivers would have more experience behind the wheel. That experience can lead to some serious savings when it comes to auto insurance premiums. According to the table above, you can see that 18-24-year-olds pay a lot more than someone who is at retirement age.

You can expect to see a decrease in your monthly premium drop about once a decade or so. As you get closer to retirement age, however, you may see your rates begin to go back up in Richardson.

Average Car Insurance Rates by Gender

Gender Average
Male$69
Female$65

Car insurance rates for women are generally cheaper than they are for men. The difference in average rates in Richardson totals about $4 per month. As illustrated in the table above, male drivers in the area pay about $69 on average, while female drivers pay around $65 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$83
Multiple Accidents$119
1 Ticket$81
Multiple Tickets$101

Rates can vary wildly depending on your driving record. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. In Richardson, a driving record with a single accident will usually get you a rate around $83 a month. In addition, drivers with one ticket can expect to pay around $81 a month on average.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$65
2-3 Years$61
4-5 Years$64
6-7 Years$65
8-10 Years$74
11-14 Years$71
15 Years or Older$60

According to the first table above, trucks and vans are typically the cheapest vehicles to insure in Richardson, with drivers paying around $64 per month for insurance coverage.

SUV drivers will see rates of about $66 for insurance coverage, while car owners usually pay around $68 a month.

Your rates can also vary depending on your vehicle's age. Generally, newer vehicles are 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 Richardson, vehicles eight-to-ten years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$71
Married$59
Divorced$53
Widowed$59

Overall, people who are married will pay slightly less for auto insurance. This can usually be attributed to their policies having multiple vehicles, a factor many companies award special discounts for.

On a national scale, single drivers typically pay more than married couples do for auto insurance. Richardson is no exception, with the difference totaling to around $12 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$56
Rent$69
Live with parents$94

Your housing status is another factor that affects your monthly rate. If you rent your home or apartment in Richardson, expect to pay around $13 a month more than if you own property. Those who live with their parents, however, can expect to pay a lot more.

Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average premiums, depending on your insurance company.

Car Insurance Companies in Richardson, TX

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.

In Richardson, auto insurance rates had been decreasing from 2017-2020, before steadying out in 2021. Car insurance rates finished down in 2022, at $68 per month

How does Richardson compare to neighboring areas?

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

Car insurance companies will take into account many 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 where you live. These include things like:

  • Rate of crime
  • Total number of drivers in the area
  • Road Safety (how many accidents each locality has)
  • Regional laws
  • Amount of off-street parking

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. Different cities and towns will each have different rates, so guides like these are a handy way to get started.

How can I find the cheapest car insurance in Richardson?

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.

Fortunately, Compare.com will handle the heavy lifting for you. Simply enter your ZIP below, respond to a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies offering policies in Richardson.


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Richardson Insurance FAQs

What factors affect car insurance quotes in Richardson?

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 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 Richardson 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 local laws, crime rates, 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 Richardson?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Richardson?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart 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?

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 Richardson 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.

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