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

When seeking affordable car insurance in Odessa, Texas, Texas Farm Bureau offers the lowest premiums for minimum and full coverage, while State Farm leads for families with teens. Chubb excels in customer service and overall value, providing the best blend of price and service. The right choice depends on your specific preferences and coverage needs.

MoneyGeek found that Texas Farm Bureau offers the cheapest car insurance for minimum coverage in Odessa.

• Texas Farm Bureau: $336 per year
• Mercury: $368 per year

Dairyland has the most expensive minimum coverage in Odessa at around $1,851 annually. That's a significant difference from Texas Farm Bureau's rate, highlighting how critical it is to compare rates to save on car insurance.

In cities in Texas, state law mandates the minimum car insurance coverage you must have. Here are the required limits:

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

If you're involved in an incident and carry the minimum coverage, your policy will cover up to $30,000 for an individual's bodily injuries and up to $60,000 for injuries per accident. Should expenses exceed these limits, you'd be responsible for the remaining costs out of pocket.

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

• Texas Farm Bureau: $773 per year
• State Farm: $949 per year

Dairyland is the most costly option for full coverage car insurance at around $3,954 per year. The premium difference between the cheapest and most expensive options exemplifies why comparing full coverage car insurance is crucial. Full coverage policies are more expensive because they provide comprehensive protection beyond the minimum requirements, safeguarding against various incidents.

In addition to higher liability limits, full coverage policies include comprehensive and collision insurance provisions.

• Collision Insurance: This form of coverage is designed to pay for damage to your automobile caused by hitting another vehicle or object, such as a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This insurance covers the repair or replacement of your car in non-collision-related incidents like theft, vandalism, fires, natural disasters or being struck by an animal like a deer.

For those investing in a new vehicle, opting for full coverage insurance is a wise choice to protect your purchase. However, the added benefits may not justify the cost for owners of older cars, where the additional expense might outweigh the advantages. The challenge in determining how much car insurance you need lies in achieving the right balance between the cost of higher coverage premiums and the risk of being inadequately insured with lower coverage.

MoneyGeek found that the cheapest option for full coverage in Odessa varies based on specific driving infractions. The most affordable car insurance carriers for drivers with poor driving records are:

• Speeding Ticket: Texas Farm Bureau ($773 per year)
• At-Fault Accident: State Farm ($1,175 per year)
• DUI: Texas Farm Bureau ($1,505 per year)

Dairyland is the most expensive option for drivers with a poor driving history, irrespective of the offense. A significant difference in annual premiums can be observed: drivers with a speeding ticket could pay as little as $773 annually, while those with a DUI could face rates of up to $1,505. This disparity indicates how premiums may escalate in relation to the severity of the driving offense.

In Odessa and similar urban areas, the gravity of a driving infraction goes hand in hand with increased insurance premiums due to the heightened risk of costly claims that insurers face. For instance, drivers with a speeding ticket could pay an average annual rate of $2,707, while those with a DUI might see a rate of around $3,312. This significant price jump showcases why individuals with driving offenses must diligently compare insurance rates to find the most economical options and potentially save substantial amounts of money.

MoneyGeek found that Nationwide offers the cheapest car insurance for teens in Odessa. These are the most affordable choices for families with teens:

• Nationwide: $1,451 per year for female teens and $1,654 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 costs to cover two parents and a teenage driver. Allstate has the most expensive teen family policy in Odessa, with average annual rates of $5,734 for females and $6,749 for males. This stark price difference of $4,283 for female teen policies between Nationwide and Allstate emphasizes the significance of shopping around, especially when adding higher-risk drivers such as teenagers.

In Odessa and similar urban areas, teens seeking car insurance face steep premiums if they opt for an individual policy, averaging $6,626 annually. In contrast, being added to a joint family policy can significantly reduce this cost to an average of $3,352 per year. The rate disparity can be attributed to the elevated risks insurers associate with teen drivers, which include a lack of experience and a statistically higher probability of filing a claim. Consequently, finding an insurance company willing to approve an individual policy for a teenager can be challenging. For these reasons, a family plan offers a cost-effective solution and an increased likelihood of obtaining coverage.

MoneyGeek found that Texas Farm Bureau offers the cheapest car insurance for military backgrounds in Odessa. The two companies with the lowest annual rates are:

• Texas Farm Bureau: $773 per year
• State Farm: $949 per year

Although USAA isn't the cheapest, ranking third with an annual premium of around $1,029, it specializes in meeting the unique requirements of active duty military members and their families. It is a strong option for those eligible for its services.

Finding the best car insurance rates in Odessa could lead to substantial savings. However, it often requires upward of 15 minutes to assess one provider. The process can take over an hour when comparing three or more companies.

To streamline this procedure, MoneyGeek's car insurance calculator focuses on the pivotal factors influencing Odessa's car insurance costs. By inputting details such as age, driving history, credit score and desired coverage level, you can swiftly receive a tailored rate estimate, bypassing the traditional, longer research route.

Selecting the best auto insurance hinges on what you prioritize — whether it's service, cost, coverage or another factor. MoneyGeek's different scoring systems reveal Odessa's standout car insurance providers catering to varied preferences:

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

Chubb is Odessa's best in terms of overall value, service and affordability. These factors signal a balanced offering that ensures financial ease and quality customer experience. With a high MoneyGeek score, Chubb demonstrates top-tier performance, reliability and a harmonious blend of what consumers value in an auto insurance company.

MoneyGeek found that Chubb is the best option in Odessa for drivers seeking the best car insurance. These are the top two providers:

• Chubb: MoneyGeek score of 91 out of 100 ($1,518 per year)
• State Farm: MoneyGeek score of 74 out of 100 ($949 per year)

Chubb is the leading car insurance provider in Odessa, scoring high in customer satisfaction and claims handling, which are key elements for a full coverage policy. With its high MoneyGeek score, Chubb ensures reliability and quality service for its policyholders.

MoneyGeek found that Chubb is the best option in Odessa when it comes to customer service in car insurance. It excels in overall satisfaction, claims handling and coverages.

• Chubb: MoneyGeek score of 92 out of 100 ($1,518 per year)
• Foremost: MoneyGeek score of 77 out of 100 ($2,195 per year)

Chubb stands out in the Odessa market primarily due to its exceptional claims handling, which is the highest contributor to its MoneyGeek score. With a strong stability score, customers can trust Chubb's reliability and excellent customer service.

MoneyGeek found that Chubb is the best option in Odessa for drivers seeking an affordable blend of quality car insurance coverage. In addition to rates, we determine the top provider by considering customer satisfaction and claims handling to guide consumers to the best value.

• Chubb: MoneyGeek score of 91 out of 100 ($657 per year)
• Mercury: MoneyGeek score of 79 out of 100 ($368 per year)

Chubb provides exceptional car insurance in Odessa, achieving the highest score partly due to its superior claims handling and customer satisfaction. The score represents a minimum coverage policy, reflecting the insurer's overall performance and confirming its top rank among affordable, high-quality car insurance providers.

The average car insurance premium in Odessa, Texas, is $1,658 per year. This figure is lower than the average cost of car insurance in Texas, which is $1,782. Texas' average cost shows a marginal increase of just $1 compared to the national average car insurance cost of $1,781.

While location is just one factor that affects the price of car insurance, it is significant. Insurers consider local factors such as traffic congestion, accident rates, thefts and the legal requirements of each state. MoneyGeek's analysis reveals that the most expensive city for car insurance in Texas is Houston, with a premium of around $2,177 per year, while the cheapest is Wichita Falls at about $1,414. This substantial difference of $763 exemplifies how location within a state can significantly affect insurance rates. In less populated non-city areas with lower traffic density, it's possible to find even more affordable premiums.