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How much is car insurance in Texarkana?
|Area||Average Monthly Car Insurance Premium|
Auto insurance coverage in Texarkana is about $14 cheaper than it is in the rest of Texas.
Similarly, when compared to the national average, the cost for auto insurance in Texarkana is lower. It's about $29 cheaper than the national average to insure your vehicle in Texarkana.
These may be the average auto insurance rates for Texarkana, but that doesn't mean it's exactly what you'll pay. There are a variety of factors that car insurance companies consider to determine how much to charge you to get your vehicle insured. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.
Don't worry, we've done the work for you and broken down the average rates for Texarkana to help you understand what your monthly premium might be. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!
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Texarkana Car Insurance Rates by Age
|Age Range||Average Premium|
It's pretty safe to assume that the older you are, the longer you've been driving. When it comes to auto insurance premiums, that experience pays off. According to the table above, you can see that 18-24-year-olds pay $49 more than drivers 65 and older.
You can expect to see your monthly premium drop every 10 years or so. That said, once you hit retirement, your rates may begin to go back up in Texarkana.
Texarkana Car Insurance Rates by Gender
Car insurance rates for men are usually slightly more expensive than they are for women. While this isn't true in Texarkana, the difference in monthly rates is minimal.
Texarkana Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
One of the key factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay lower rates than those with infractions. In Texarkana, a driving record with a single accident will usually get you a rate around $58 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $54.
Texarkana Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$62|
|15 Years or Older||$45|
In Texarkana, the cheapest vehicles to insure are by and large SUVs, with drivers paying around $47 per month for auto insurance.
Car owners, on the other hand, usually pay around $53 a month, while truck and van drivers can expect to pay about $49 per month to insure their car.
Depending on the age of your vehicle, you can also expect to see slightly different rates. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is about 5 years old, you may start to see your monthly premium drop back down. In Texarkana, vehicles less than one year old are the most expensive to insure.
Texarkana Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$54|
The difference in rates based on relationship status in Texarkana is about $9 a month, with married couples paying less for coverage than single drivers.
Texarkana Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$72|
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 $4 a month more than if you own your own home in Texarkana. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Texarkana, TX
Recent trends in car insurance for Texarkana 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.
In Texarkana, the rates for auto insurance had been decreasing from 2017-2018, where they reached a high of $58, before leveling out in 2019. Car insurance rates rose again in 2020, and finished down at $49 in 2022.
How does Texarkana compare to neighboring areas?
Why are car insurance rates in Texarkana different from other areas?
There are many factors car insurance companies will consider when figuring out how much to charge for a monthly rate. While we already mentioned the ones that affect your personal policy, others are influenced by your home address. These include things like:
- Road Safety (frequency of local car accidents)
- Amount of drivers in the region
- Off-street parking access
- Rate of crime
Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Each area will have different rates. Guides like these are a wonderful place to get started.
How can I find the cheapest car insurance in Texarkana?
In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.
Fortunately, Compare.com has you covered. Just punch in your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from loads of the car insurance companies offering policies in Texarkana in no time.
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Texarkana Auto Insurance FAQs
What factors affect car insurance quotes in Texarkana?
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 address, credit score, driving record, and marital status.
Why is the cost of car insurance in Texarkana different from other neighboring cities?
Local laws, crime rates, and parking situations -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Texarkana?
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 Texarkana?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good 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 point, no matter how much time is left on your current policy. If you're thinking about moving to Texarkana 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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