Waco, TX Car Insurance

On average, Waco drivers pay around $56 a month for their car insurance. To learn more about car insurance rates in the Waco area, read our guide below.
How much can residents of Waco expect to pay for their car insurance? How do rates in Waco measure up compared to neighboring areas, including Texas as a whole? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Waco?

Area Average Monthly Car Insurance Premium
Waco$56
TX$65
United States$81

According to the chart above, the average cost of auto insurance in Texas is about $9 a month more expensive than it is in Waco.

Similarly, when compared to the national average, the cost for auto insurance in Waco is lower. You can expect to pay about $25 below the national average for auto insurance in Waco.

While these are the average monthly costs for auto insurance coverage in Waco, you could end up paying something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all taken into consideration when calculating the final dollar amount you'll be asked to pay each month.

Don't sweat it however, we've broken down the average rate for Waco residents based on several different factors so that you can get a more accurate idea of what you might pay. 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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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$92
25-34$54
35-44$48
45-54$45
55-64$40
65+$44

The older you are, the more experience you're likely to have on the roads, right? That experience can snag you some serious savings when it comes to auto insurance. As you can see, 18-24-year-olds pay two times as much as drivers 65 and older.

You can expect to see your monthly premium drop about once a decade or so. Waco drivers may see their rates climb back up once they hit retirement.

Average Car Insurance Rates by Gender

Gender Average
Male$60
Female$54

Car insurance rates for women are generally cheaper than they are for men. This is true in Waco, where male drivers pay about $6 more a month. Based on the chart above, you can see that male drivers pay $60 on average, while female drivers typically pay $54 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$80
Multiple Accidents$73
1 Ticket$70
Multiple Tickets$73

Your driving record can have a tremendous impact on your car insurance rates. Drivers with clean records can expect to pay less than those with accidents or violations. Drivers in Waco with one accident will pay around $80 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $70 on average.

Accidents, tickets, and other driving infractions can really hurt your wallet. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$53
2-3 Years$56
4-5 Years$53
6-7 Years$74
8-10 Years$61
11-14 Years$55
15 Years or Older$52

In Waco, the cheapest vehicles to insure are typically SUVs, trucks, and vans, with drivers paying around $53 per month for insurance coverage.

The bill for car owners, however, is about $59 per month.

In addition to vehicle type, 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, your monthly bill may start to dip back down. In Waco, the most expensive vehicles to insure are vehicles six-to-seven years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$60
Married$48
Divorced$49
Widowed$40

Generally speaking, those who have settled down into marriage will pay slightly less to insure their car. This can usually be attributed to their policies having multiple vehicles, a factor that will often get you a discount.

The difference in rates based on relationship status in Waco is about $12 a month, with married couples paying less for coverage than single drivers.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$49
Rent$60
Live with parents$73

Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $11 a month more than if you own your own home in Waco. 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 Waco, TX

Recent trends in car insurance for Waco drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending before shopping for coverage.

The rates for auto insurance in Waco decreased from 2017-2018, before leveling out in 2019. They finished down in 2022, at $45 per month

How does Waco compare to neighboring areas?

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

Car insurance companies will take into account many factors when they're choosing how much to charge for a policy. The price of your insurance policy will depend largely on where you live and will be influenced by things such as:

  • Road safety
  • Total amount of drivers in the community
  • Off-street parking availability
  • Local crime rates
  • Local laws

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. 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 Waco?

In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.

Good news! 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 numerous car insurance companies that offer auto coverage in Waco in no time.

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Waco Insurance FAQs

What factors affect car insurance quotes in Waco?

Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your age and gender 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 Waco different from other neighboring cities?

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, parking situations, and crime rates -- which can vary from city to city -- can significantly affect your rate.

Which car insurance company will offer me the cheapest rate in Waco?

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 Waco?

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 Waco 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.

Find your best rate in just a few minutes