Waco, a city in Central Texas, is located within McLennan county. It was home to over 200,000 people.In 2016, there were 6,000 crashes2019 Even though it is a small city or county, there are still many crashes. Every driver must have minimum car insurance to protect themselves from traffic accidents.Bankrate’s annual quote premiums show that Waco car insurance costs an average of $467 annually for minimum coverage, and $1,645 for full coverage.A rate that is close to the national average. Both rates are close to the national average.GeicoAndUSAAWe offer the most affordable car insurance.
If you are looking for cheap car insurance companies in Waco, follow our guide to learn more about the providers that offer the best in terms of affordability, customer service, financial strength, coverage options and discounts and third-party ratings.
Waco’s best car insurance company
Although most major insurance companies are available in Waco. Bankrate’s analysis of the best car insurance companies in Waco led us to the top five providers that stand out not only for the high customer satisfaction ratings, but also their financial strength, discounts, coverage options, third-party ratings and digital innovations — all while providing premiums for almost any budget. The following companies were selected by Quadrant Information Services after receiving 2021 quotes.
Geico
Geico has the lowest premiums of all the carriers we reviewed. However, Geico also offers a variety of add-ons that can be added to your policy. You can add valuable endorsements to your policy, such as roadside assistance, car rental reimbursement and mechanical breakdown coverage. This will help you keep your costs down while strengthening your policy. Geico offers innovative digital tools that make it easy to get car insurance.
USAA
USAA provides auto insurance to military personnel and their immediate families. The prices are generally lower than the average, with many discounts for members such as family signup, annual membership, and low mileage. Many coverage options can be tailored to meet the needs of service members. Your premiums could be lower if your vehicle is not in use, for example, if your service member is deployed. USAA scores highly in customer service, particularly in J.D. Power studies.
All over the country
Nationwide has low premiums and a variety of policy customization options that make it one of the top choices for cheap car insurance in Waco. If you enroll in the SmartRide safe driving program, you can save up to 40% on your premiums, along with numerous other discounts. There are many policy options available, including accident forgiveness, roadside assistance, gap insurance and roadside assistance. You can save more with the company’s pay-per mile program. The extraordinary life circumstances discount may reduce your annual premiums if your income has been negatively affected by major life events like job loss, sickness, or death.
Allstate
Allstate offers both Waco policyholders innovative digital tools and competitive premiums. You can access your auto insurance policy instantly through the highly-rated mobile app, which includes payments, filing claims, and access to your agent. You can also make a call to your agent through the app if you have a roadside emergency. Telematics programs such as Drivewise could save you money on premiums while helping you build good driving habits at the same time. Allstate’s large number of local agents in multiple Waco ZIP codes offer assistance whenever you need.
Mercury
Mercury offers affordable rates, decent coverage options, and discounts if you are having trouble getting coverage from other providers due to a poor driving record. Besides the basic options, endorsements include rideshare coverage and roadside assistance, with discounts for a good driver, good student or bundling policies. For vehicle repairs that have not been covered by the manufacturer warranty, you could add mechanical protection insurance.
Waco has the lowest car insurance
The average cost of auto insurance in the U.S. is $565 annually for minimum coverage and $1,674 annually for full coverage. Texas has an average rate of $524 per year for minimum coverage, and $1823 for full coverage. In addition to the cheap insurance providers in Texas, it can also be less expensive to insure your car in Waco, since average rates for the city are less than both the national and state averages. These providers are the most affordable in Waco and were chosen based on their market share.
No matter what the average rate, each carrier has its benefits and drawbacks. USAA, for example, offers amazing rates and coverage options but it is only available to military personnel or their families. Geico offers the lowest rates but not as many specialty coverage options than Nationwide.
All four carriers offer digital assets such as online policy management, user-friendly apps, and policy management. The 2021 J.D. scores USAA the highest. Power Auto Insurance Study. Nationwide and Geico fall below the industry average in customer satisfaction in Texas. Nationwide is not rated for the region.
Waco insurance requirements
Drivers in Texas are required to carry 30/60/25 minimum coverage insurance. This means that you need at least the following coverage.
- $30,000 bodily injury liability insurance per person
- $60,000 bodily injury liability coverage per incident
- $25,000 per accident property damage liability coverage
Waco car insurance discount
- You must pay in fullMany carriers offer discounts for paying your annual premium upfront, rather than breaking it up into smaller monthly payments. You could receive premium savings by paying your rate upfront.
- Driving defensively:You could be eligible for a defensive driving discount if you complete a course that is approved by your carrier.
- Excellent studentYou may be eligible for student discounts if you have a higher GPA and consistently earn good grades.
- No claims:Many carriers will reward you for driving for a certain number of years without an accident, claim or injury by offering a discount on your premiums and/or lowering your deductible.
Questions frequently asked
Which is the best auto insurance company?
Bankrate has reviewed several of these factors and found a list of providers that offer great customer service and numerous discounts over other competitors.
What is the cost of car insurance in Waco?
Waco’s average cost for car insurance is $467 per year for minimum coverage and $1645 for full coverage. However, rates can be very different as rates are determined by many factors. Rates will vary depending on your age, credit score and driving record.
Is it illegal to drive without insurance in Waco
Yes, driving uninsured is illegal anywhere in Texas. You could face monetary penalties, suspension of your license, and impoundment for failing to show proof of coverage.
How can I get car insurance at a lower price?
You can save money on your car insurance by selecting providers that have rates within your budget, driving cleanly and applying discounts. Because insurance costs can vary by location and individual, it’s a smart move to shop around for the best rates. Prices between carriers are often different.
