Cheapest and Best Car Insurance in Denton, TX (2024)

Finding the most affordable or premier car insurance in Denton hinges on your coverage choices and driver details. For full coverage, Texas Farm Bureau offers the lowest rates, while families with teen drivers find Nationwide to be the most economical option. State Farm offers the cheapest minimum coverage insurance. For top-notch customer service, Chubb stands out, coinciding with its rank as the best overall for balancing cost and service quality. Selecting the best option is subjective, based on your individual coverage needs and preferences.

MoneyGeek found that State Farm is the cheapest option in Denton for minimum coverage car insurance. For those seeking the cheapest car insurance, identifying the most affordable provider can lead to significant savings.

• State Farm: $445 per year
• Texas Farm Bureau: $449 per year

State Farm offers the most competitive rate, with Texas Farm Bureau closely following. On the other end, Dairyland holds the title for the most expensive minimum coverage policy in Dentown, with an annual premium of $1,976. This stark contrast, with a difference of $1,531 between the cheapest and most expensive insurance, underscores the importance of shopping around to find the best car insurance rates. Being informed about the range of prices in the market can lead to considerable cost savings.

Across all Texan cities, including Denton, it's the state legislation that dictates mandatory minimum car insurance requirements; here's what you need to have:

• $30,000 bodily injury per person
  
• $60,000 bodily injury per accident
  
• $25,000 property damage liability per accident
  

Let's say you have the minimum coverage and are involved in an accident that injures another person. Your policy will cover up to $30,000 for that person's injuries. But if their medical bills soar to $45,000, you'll have to cover the $15,000 exceeding your policy's limit.

MoneyGeek found that Texas Farm Bureau offers the cheapest full coverage car insurance in Denton. For those seeking the most affordable rates, it's crucial to compare the options:

• Texas Farm Bureau: $918 per year
• State Farm: $942 per year

Dairyland has the most expensive full coverage policy in Denton, with an annual premium of $4,093. That's a staggering $3,175 more than Texas Farm Bureau, showcasing why it's so critical to shop around for cheapest full coverage car insurance. Full coverage policies are pricier than minimum coverage because they provide comprehensive protection against a variety of incidents, not just the bare legal requirements.

At MoneyGeek, our Denton comprehensive coverage plan elevates your protection by raising the liability limits above the basic requirements. Under this plan, coverage extends to $100,000 for bodily injury per individual, $300,000 for bodily injury per accident and $100,000 for property damage per accident. This level of coverage is commonly referred to as a 100/300/100 plan.

Full coverage insurance policies offer added layers of financial security, encompassing both comprehensive and collision insurance:

• Collision Insurance: This form of coverage is designed to cover the costs of repairing or replacing your vehicle in the event of a collision, whether it be with another car or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This insurance goes beyond accidents, covering damage to your vehicle caused by a variety of incidents, such as theft, vandalism, or natural disasters and being struck by an animal like a deer.

For those investing in a new vehicle, selecting a full coverage policy is a prudent decision to protect your investment. When it comes to older vehicles, though, the additional cost of full coverage might outweigh its benefits. Understanding how much car insurance to purchase involves a delicate balance – selecting sufficient coverage to avoid being underinsured while also considering the impact of higher premiums.

MoneyGeek found that Texas Farm Bureau is the cheapest option in Denton for drivers with a speeding ticket or a clean record, while State Farm offers the lowest rates after an at-fault accident or a DUI. Here are the cheapest providers for each specific offense:

• Speeding Ticket: Texas Farm Bureau ($918 per year)
• At-fault accident: State Farm ($1,173 per year)
• DUI: Progressive: ($1,468 per year)

Dairyland has the most expensive premium rates, with an annual cost difference of $811 between a speeding ticket and DUI coverage. This disparity highlights how the severity of an offense can significantly impact car insurance rates.

Insurance companies increase rates based on the severity of driving infractions because these offenses indicate a higher risk of future claims. In Denton, for instance, drivers with a DUI pay an average annual rate of $3,390, while those with a speeding ticket face $2,728. This notable difference underscores the necessity for individuals with traffic violations to diligently compare insurance quotes to ensure they are receiving the most cost-effective rates.

MoneyGeek found that Nationwide offers the most affordable full coverage car insurance for both female and male teen drivers in Denton. Learn more about the cheapest car insurance for teens.

• Nationwide: $1,412 per year for female teens and $1,610 per year for male teens
• State Farm: $1,716 per year for female teens and $2,075 per year for male teens

These rates reflect the annual cost of full coverage insurance for a family that includes two parents and a teenage driver. In comparison, Allstate has the most expensive policy for families with teen drivers in Denton, particularly for female teens at $5,832 annually.

The substantial difference of $4,420 between the cheapest and most expensive options underscores the importance of comparing insurance policies, especially when adding a higher-risk teen driver to your family’s plan.

In Denton, and indeed across numerous cities, teens seeking car insurance face a steep financial hurdle. Opting for an individual policy means navigating premiums averaging $6,614 annually — a stark contrast to the more budget-friendly average family plan cost of $3,364. Insurers set higher rates for individual teen policies due to the elevated risk associated with young, inexperienced drivers.

Moreover, the statistical likelihood of accidents in this demographic makes approvals for individual policies challenging. Families can benefit significantly by including teens in a joint policy, not only for approval odds but also for the substantial cost savings.

MoneyGeek found that Texas Farm Bureau is the cheapest option in Denton for those seeking the cheapest car insurance for military backgrounds.

• Texas Farm Bureau: $918 per year
• State Farm: $942 per year

While USAA ranks third with an annual premium of $1,019, it is noteworthy for its tailored services to active duty military members. Despite not being the lowest in cost for Denton, USAA's commitment to the military community often makes it a preferred choice for service members on a national level.

In Denton, you can use MoneyGeek's car insurance calculator to get quotes. Simply input critical details such as age, driving history, credit score and desired coverage, and promptly receive a tailored rate estimate, thereby optimizing your time and savings on car insurance.

Finding the ideal auto insurance requires weighing service quality, cost, coverage and other factors according to your own priorities. Different scoring systems, factoring in various considerations, have been used by MoneyGeek to identify Denton's leading car insurance providers for differing needs:

• Best overall: Chubb (MoneyGeek score 92 out of 100)
• Best for service: Chubb (MoneyGeek score 92 out of 100)
• Best cheap: Chubb (MoneyGeek score 91 out of 100)

Chubb stands out in Denton as the top choice for consumers across the board, offering the best overall value, service and affordability. If you're seeking well-rounded excellence with a premier balance of service and affordability, Chubb's overall score reflects strong performance in all areas.

MoneyGeek found that Chubb is the best option for car insurance in Denton, providing outstanding service and comprehensive coverage for drivers looking for the best car insurance.

• Chubb: MoneyGeek score of 92 out of 100 ($1,576 per year)
• State Farm: MoneyGeek score of 75 out of 100 ($942 per year)

Chubb stands out in Denton for its superior MoneyGeek score, which reflects a full coverage policy. High satisfaction and claims scores are the most significant contributors to its leading position, indicating that customers are exceptionally pleased with their service and claims experiences.

MoneyGeek found that Chubb is the best option in Denton for car insurance focusing on customer service excellence. Our analysis prioritizes insurer performance in customer satisfaction, claims service and coverage options, without the influence of rates.

• Chubb: MoneyGeek score of 92 out of 100 ($1,576 per year)
• Foremost: MoneyGeek score of 77 out of 100 ($2,195 per year)

With its impressive overall MoneyGeek score, Chubb distinguishes itself in the highly competitive insurance market.

MoneyGeek found that Chubb is the best option for cheap car insurance in Denton, striking an exceptional balance between affordability and customer satisfaction.

• Chubb: MoneyGeek score of 91 out of 100 ($764 per year)
• Mercury: MoneyGeek score of 79 out of 100 ($461 per year)

Chubb emerges as the leading provider primarily due to its high customer satisfaction and claims handling scores, which have significantly boosted their overall rating.

In Denton, Texas, the average monthly car insurance cost is $1,669, a figure that is slightly below the state average. When compared to the broader state average for Texas — $1,782 — the Denton average costs $113 less. Additionally, Texas as a state has an average car insurance cost that closely aligns with the national average, with both standing at approximately $1,781, showing a nominal difference of just $1.

Location affects insurance rates due to variables such as traffic density, road safety statistics, local crime rates, and the likelihood of natural disasters. For instance, Houston has the most expensive insurance premium among other analyzed Texan cities at $2,177, which is $395 above the state average. In stark contrast, Wichita Falls offers the cheapest insurance premium at $1,414, which is $368 less than the state average.