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

In Midland, Texas, Texas Farm Bureau offers the cheapest full and minimum coverage car insurance. Nationwide is the most affordable for for families with teens. Chubb excels in customer service and provides the best overall value, balancing price and service. The optimal choice for you hinges on personal coverage needs and preferences.

MoneyGeek found that Texas Farm Bureau offers the cheapest car insurance in Midland, providing savings to budget-conscious drivers.

• Texas Farm Bureau: $266 per year
• State Farm: $366 per year

Dairyland has the priciest minimum coverage policy in Midland, with an average annual premium of $1,764. This $1,498 rate difference underscores the importance of comparing insurance quotes to ensure you get the best deal.

In Texas, state law sets the bar for car insurance coverage minimums. These are the mandated limits:

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

If you cause an accident and the other driver's injuries cost $35,000, your minimum coverage policy covers up to $30,000 per person for bodily injury. You could pay out of pocket for the remaining $5,000 bill.

MoneyGeek found that Texas Farm Bureau offers the cheapest full coverage car insurance in Midland.

• Texas Farm Bureau: $648 per year
• State Farm: $843 per year

Dairyland presents the most expensive full coverage policy in Midland, with an average annual premium of $3,552 — a difference of $2,904 compared to Texas Farm Bureau. This significant price variance highlights the need to compare quotes for full coverage car insurance, which costs more than minimum coverage due to its comprehensive protection.

Beyond the expanded liability limits, full coverage includes comprehensive and collision insurance.

• Collision Coverage: This covers the costs related to your vehicle's damage when it collides with another vehicle or an object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Coverage: This component handles the losses your car may suffer from non-collision incidents, such as theft, vandalism, fires, environmental damage or being struck by an animal like a deer.

Opting for full coverage insurance for a new vehicle can be a wise choice, safeguarding your hefty financial stake in your new asset. However, with older vehicles, the same level of coverage may not be economical, as the premiums can mount significantly. It’s crucial to evaluate how much car insurance you need; the right balance will ensure you are neither overpaying for insurance nor underinsured should an incident occur.

MoneyGeek found that Texas Farm Bureau is the cheapest company in Midland for drivers with a poor driving record seeking full coverage. Here are the most affordable options for different offenses:

• Speeding Ticket: Texas Farm Bureau ($648 per year)
• At-Fault Accident: State Farm ($1,041 per year)
• DUI: Texas Farm Bureau ($1,200 per year)

Dairyland has the most expensive rates for speeding, an at-fault accident and DUI, at an annual average of $4,401, $4,984 and $3,594, respectively. The difference in annual rates between Texas Farm Bureau for a speeding ticket and a DUI is $552, demonstrating how the severity of infractions can significantly impact car insurance costs.

Insurance premiums in Midland and other cities typically increase with the severity of driving offenses on record, reflecting the higher risks insurers take on. For instance, drivers with a DUI can expect to pay an average annual rate of $3,040, while those with a speeding ticket face a lower rate of around $2,494. It's crucial for drivers with offenses to shop around for insurance, as comparing rates can lead to significant savings and more favorable terms.

In Midland, Nationwide offers the cheapest car insurance for teens seeking full coverage.

• Nationwide: $1,296 per year for female teens and $1,477 per year for male teens
• State Farm: $1,548 per year for female teens and $1,872 per year for male teens

These rates are for policies covering a family with two parents and a teenager. Allstate has the most expensive policy for families with teen drivers, with an average annual premium of $5,444 for females and $6,407 for males. This considerable price difference of up to $4,112 between the cheapest and most expensive for female teen drivers underscores the significance of comparing rates, particularly when insuring teens who are deemed high-risk drivers.

In Midland, the contrast between individual and family car insurance policies is significant for teen drivers. Teenagers who opt for an individual policy face an average annual premium of $6,168, nearly double the cost of being added to a family policy, which averages $3,111 per year. Insurers justify the higher rates for individual teen policies due to the elevated risk associated with young, inexperienced drivers. Obtaining approval for an individual policy can also be challenging for teens, given their limited credit history and driving experience. Families looking to insure their teen drivers should consider the substantial savings offered by a joint policy to mitigate the steep costs of car insurance for their young motorists.

MoneyGeek found that Texas Farm Bureau offers the cheapest car insurance for military backgrounds in Midland. For budget-conscious veterans and service members, the following two providers offer the most affordable full coverage car insurance premiums:

• Texas Farm Bureau: $648 per year
• State Farm: $843 per year

While USAA ranks third in Midland with an average annual rate of $932, it specializes in serving the unique needs of active duty military members despite not being the cheapest.

Seeking the most economical car insurance rates in Midland requires thorough comparison — often a daunting task that could consume over 15 minutes per insurer. Time investment aside, evaluating options from at least three companies is advisable, potentially totaling more than an hour of research.

Expedite this process with MoneyGeek's car insurance calculator, a tool designed to instantaneously identify the crucial factors influencing Midland's insurance costs. You'll quickly receive a tailored insurance rate estimate by entering your age, driving history, credit score, desired coverage level and other relevant details.

Finding the right auto insurance for you involves balancing variables like service, cost and coverage. MoneyGeek's comprehensive scoring system is tailored to different categories, revealing Midland's top picks:

• Best overall: Chubb (MoneyGeek score 90 out of 100)
• Best for service: Chubb (MoneyGeek score 92 out of 100)
• Best cheap: Chubb (MoneyGeek score 88 out of 100)

Chubb is the best overall provider in Midland. It excels in service and affordability and is the top choice for those seeking a balanced insurance option. With the highest service score, it promises an exceptional customer experience, which is important for clients prioritizing quality service. Chubb is also the best cheap option, ideal for budget-conscious individuals who do not want to compromise on service quality. Choosing Chubb in Midland means you're opting for a provider that delivers on overall value, service and affordability.

MoneyGeek found that Chubb is the best option in Midland, providing customers an unparalleled blend of service and value in car insurance. The top-notch performance is reflected in a near-perfect MoneyGeek score, making it the preeminent choice for drivers who prioritize excellence.

• Chubb: MoneyGeek score of 90 out of 100 ($1,541 per year)
• State Farm: MoneyGeek score of 74 out of 100 ($843 per year)

Chubb has the highest satisfaction and claims scores, demonstrating its commitment to customer service and efficient claims processing. With a high MoneyGeek score, Chubb leads the car insurance market in Midland, offering a complete full coverage policy that sets the standard for quality and reliability.

MoneyGeek found that Chubb is the best option in Midland for exemplary car insurance that focuses on customer service. This distinction is based on general satisfaction, effective claims handling and comprehensive coverages, regardless of the rates.

• Chubb: MoneyGeek score of 92 out of 100 ($1,541 per year)
• Foremost: MoneyGeek score of 77 out of 100 ($2,075 per year)

Chubb is the premier provider in Midland, with a notable MoneyGeek score. Its top rating is based on exceptional customer satisfaction and claims handling, paired with a solid range of coverage options.

MoneyGeek found that Chubb is the best option for cheap car insurance in Midland, striking a balance between affordability and quality service. This selection is based on a comprehensive score that considers cost-effectiveness, claims handling and customer satisfaction.

• Chubb: MoneyGeek score of 88 out of 100 ($706 per year)
• Mercury: MoneyGeek score of 78 out of 100 ($378 per year)

Chubb stands out in Midland for its superior combination of high policyholder satisfaction and reliable claims service, contributing prominently to its near-perfect MoneyGeek score for a minimum coverage policy. The score reflects an insurer's overall performance, ensuring customers get the best value for their money.

In Midland, Texas, the average cost of car insurance is around $1,532. This premium is notably lower than the Texas state average of $1,782. Texas state average is only $1 higher than the national average of $1,781.

Multiple variables, including driving history, type of vehicle and coverage levels, influence car insurance rates. However, location stands out as a significant factor. It determines risk exposure, accident frequency and theft rates, which insurers consider when quoting premiums. For instance, Houston is the city with the most expensive insurance premium at around $2,177 per year, while Wichita Falls has the cheapest at $965, indicative of the variances seen within Texas. These differences illustrate the impact of location, with lesser traffic density typically translating to lower rates in non-urban areas.