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How much is car insurance in The Colony?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the rates you'll pay for coverage in The Colony are about the same as what you would pay anywhere else in Texas.
On the other hand, when compared to the national average, the cost for auto insurance in The Colony is lower. It's around $12 less to insure your vehicle compared to the average rate for the U.S. as a whole.
Although these are the average car insurance rates in The Colony, you could end up paying something different. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the bill you'll see each month.
We've done the heavy lifting for you and broken down the average rate for The Colony so that you can get a more accurate idea of what your policy will cost you. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!
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The Colony Car Insurance Rates by Age
|Age Range||Average Premium|
It would make sense that older drivers have more driving experience, right? When it comes to car insurance bills, that experience pays off. As you can see, 18-24-year-olds pay two times as much as drivers of retirement age.
As you get older, you can expect to see a drop in your monthly premium every 10 years. That said, once you hit retirement, your rates may begin to increase again in The Colony.
The Colony Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. In The Colony, the difference comes out to about $11 a month. Looking at the table above, you can see that female drivers pay around $62 on average, while male drivers typically pay $73 each month.
The Colony Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
One of the biggest factors in determining your car insurance rates is your driving record. Drivers with clean records can expect to pay significantly less than those with accidents or violations. Drivers in The Colony with a single accident on their record will usually see rates around $74 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $80 on average.
Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
The Colony Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$59|
|15 Years or Older||$74|
If you look at the first table above, you'll see that trucks and vans are by and large the cheapest vehicles to insure in The Colony, with drivers paying around $59 per month for auto insurance coverage.
Car owners can expect to pay an average of around $72 a month for their policy, while SUVs usually cost around $62 a month to insure.
You may also see different rates based on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to drop back down once your car is close to 5 years old. The most expensive vehicles to insure in The Colony are vehicles six-to-seven years old.
The Colony Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$76|
More often than not, those who have settled down into marriage will pay slightly less for auto insurance. This occurs because insurance companies commonly offer special discounts to policyholders with multiple vehicles that are on the same policy.
The cost of auto insurance in The Colony reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $27 a month.
The Colony Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$121|
One other element taken into consideration is your living situation. Renters can expect to pay around $11 a month more than drivers who own property in The Colony. But if you live with your parents, you can expect to pay a lot more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your overall costs, depending on your insurance company.
Car Insurance Companies in The Colony, TX
Recent trends in car insurance for The Colony 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.
The rates for car insurance in The Colony went up from 2017-2018, when they reached a high of $79. This shifted in 2019, when rates began to decrease. They hit a low of $57 in 2020, and finished down in 2022, at $68 per month.
How does The Colony compare to neighboring areas?
Why are car insurance rates in The Colony different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider a lot of factors. While we mentioned the factors that affect your personal policy, others are based around where you live and drive. These include things like:
- Off-street parking availability
- Number of drivers
- Local regulations
- Road Safety (frequency of car accidents)
- Regional crime rates
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. Realizing 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 corner of the world.
How can I find the cheapest car insurance in The Colony?
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.
Fortunately, Compare.com does all of that work for you. Put in your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies that offer coverage in The Colony.
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The Colony Auto Insurance FAQs
What factors affect car insurance quotes in The Colony?
Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your driving record, credit score, marital status, and address.
Why is the cost of car insurance in The Colony different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, local laws, and parking situations -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in The Colony?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to The Colony?
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 time, regardless of how long is left on your current policy. So, if you've recently moved to The Colony 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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