Waco, TX Car Insurance

The average monthly cost for car insurance in Waco is about $57. We cover plan rates, policies and more in our guide below.
Compared to their surrounding area, how do rates in Waco stack up? What about against the rest of Texas? What should residents of Waco expect to pay for their car insurance? Find the average cost breakdowns and determining factors in the charts and writeups below:  

How much is car insurance in Waco?

Area Average Monthly Car Insurance Premium
Waco$57
TX$64
United States$80

Based on the above chart, auto insurance policies in Waco are about $7 a month cheaper than in the rest of Texas.

Likewise, car insurance rates in Waco are more affordable than the national average. It's about $23 cheaper than the national average to insure your vehicle in Waco.

While these are the average car insurance rates for Waco, keep in mind that you could end up paying a different amount. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly payment amount.

But don't worry, we've broken down average rates for Waco residents so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP Code below and find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$93
25-34$52
35-44$47
45-54Not Enough Data
55-64$40
65+$43

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

Every ten years or so you can expect to see a decline in your monthly premium. You may see your rates begin to increase again once you hit retirement age in Waco.

Average Car Insurance Rates by Gender

Gender Average
Male$60
Female$54

In general, female drivers pay less for car insurance than their male counterparts. In Waco, this difference shakes out to about $6 per month. As illustrated in the table above, female drivers in the area pay about $54 on average, while male drivers pay around $60 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$85
Multiple Accidents$75
1 Ticket$79
Multiple Tickets$73

Your rates can vary wildly depending on your driving record. Drivers with clean records can expect to pay a lot less than those with accidents or violations. Drivers in Waco with a single accident will pay around $85 a month. In addition, drivers with a single ticket on their record can expect to pay around $79 a month on average.

Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. 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$50
2-3 Years$49
4-5 Years$52
6-7 Years$78
8-10 Years$61
11-14 Years$55
15 Years or Older$53

According to the first table above, the cheapest vehicles to insure in Waco are by and large SUVs, at $52 per month.

Truck and van drivers will see rates of about $53 for car insurance, while car owners typically pay around $59 a month.

Your vehicle's age also plays a role in your monthly payment. Newer vehicles are generally going to be the most expensive to insure. However, if your car is close to 5 years old, you can expect to see your rates start dropping 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)$61
Married$46
Divorced$49
Widowed$41

More often than not, married policyholders will pay slightly less for auto insurance. This oftentimes is a result of owning multiple vehicles that are on the same policy, something some companies will reward with discounts.

In Waco, the difference in rates based on relationship status can be as much as $15 a month.

Average Car Insurance Rates by Housing Situation

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

Your housing situation 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. 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 average costs, depending on your insurance company.

Car Insurance Companies in Waco, TX

Recent trends in car insurance for Waco drivers

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.

Auto insurance rates in Waco went up from 2016-2017, before steadying out in 2018. They finished up in 2021, at $56 per month

How does Waco compare to neighboring areas?

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

When considering how much to charge for a monthly rate, car insurance companies will consider numerous factors. Your insurance policy will depend largely on where you park your car and will be influenced by things such as:

  • Off-street parking availability
  • Frequency of car accidents
  • Amount of drivers in the region
  • Prevalence of crime
  • Local regulations

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. With the knowledge 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 Waco?

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.

But hold on! Compare.com does all of that work for you. Just enter your ZIP below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies providing policies in Waco.

Compare the cheapest quotes from dozens of insurance companies

Waco Insurance FAQs

What factors affect car insurance quotes in Waco?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your gender and age, but also factors like your address, driving record, credit score, and marital status.

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?

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

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

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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 point, no matter how much time is left on your current policy. If you're thinking about moving to Waco 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.

Find your best rate in just a few minutes