Cheapest and Best Car Insurance in Wichita Falls, TX (2024)

In Wichita Falls, the cheapest auto insurance varies by coverage needs and driver profiles. For both minimum and full coverage car insurance, Texas Farm Bureau offers the lowest rates. Nationwide is the most affordable for families with teens, while Chubb is the best for customer service and the overall best choice for blending price and service. A driver's ideal insurer depends on specific preferences, driving history and requirements.

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

• Texas Farm Bureau: $256 per year
• Mercury: $326 per year

Dairyland has the most expensive minimum coverage policy in Wichita Falls, with an annual premium of $1,521. The rate difference of $1,265 between the cheapest and the priciest shows the importance of shopping around to ensure you get the best deal for your needs and budget.

In all cities of Texas, including Wichita Falls, car insurance coverage minimums are governed by state law, and the following limits are observed:

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

If you are at fault in an accident and cause bodily injury to another person, your insurer will only cover up to $30,000. In the event of injuries to multiple people, your policy can provide up to $60,000. Any costs above these limits will be your out-of-pocket responsibility.

Texas Farm Bureau offers the cheapest full coverage car insurance in Wichita Falls, according to MoneyGeek's research.

• Texas Farm Bureau: $630 per year
• State Farm: $814 per year

Dairyland is the most expensive, with policies costing $3,132 annually. Full coverage policies generally have higher premiums than minimum coverage due to the inclusion of comprehensive and collision insurance, which offers broader protection. This price difference exemplifies why it's essential to shop around.

Within the Wichita Falls comprehensive coverage plan presented by MoneyGeek, the policy elevates the level of liability coverage to:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage liability per accident

This level of coverage is often referred to as a 100/300/100 plan. Full coverage policies also include additional protective measures beyond liability.

• Collision Insurance: This coverage insures your vehicle against expenses resulting from a crash, whether with another vehicle or a stationary object such as a tree or light pole. It also covers rollover accidents and pothole damage.
• Comprehensive Insurance: This component protects your car against non-collision events like theft, vandalism, natural disasters and animal strikes.

Choose full coverage insurance if you own a new vehicle to get solid financial protection. For older vehicles, the cost of additional coverage may outweigh its benefits, so assess how much car insurance you really need by considering the trade-off between higher premiums for more comprehensive coverage and the additional risk of being underinsured with lower coverage levels.

MoneyGeek determined that in Wichita Falls, the most affordable option for drivers with violations seeking full coverage insurance varies depending on the driving offense:

• Speeding Ticket: Texas Farm Bureau ($630 per year)
• At-Fault Accident: State Farm ($1,003 per year)
• DUI: Texas Farm Bureau ($1,149 per year)

Dairyland offers one of the most expensive rates after various driving offenses. Overall, the severity of driving offenses can impact car insurance costs, so maintaining a clean driving record is the best way to ensure low insurance premiums.

Insurance rates in cities like Wichita Falls often increase with the severity of one's driving violations, reflecting the increased risk insurers take on. For instance, drivers with a DUI could face an average annual rate of $2,808, significantly higher than the $2,287 average for those with just a speeding ticket. This significant difference in costs highlights the importance of diligently comparing insurance rates, especially for drivers with driving offenses.

MoneyGeek determined that Nationwide offers the cheapest car insurance option for teens in Wichita Falls seeking full coverage insurance.

• Nationwide: $1,429 per year for female teens; $1,629 per year for male teens
• State Farm: $1,488 per year for female teens; $1,799 per year for male teens

These rates provide coverage for a combination of two parents and a teenage driver, which is a common scenario for families. Allstate ranks as the priciest with annual premiums of $5,229 for female teens — illustrating a $3,800 difference when compared to Nationwide. This emphasizes the critical importance of comparison shopping, especially considering teenage drivers are often seen as higher-risk and can significantly impact family auto insurance costs.

In Wichita Falls, the impact of joining a family car insurance plan versus purchasing an individual policy is advisable for teenagers. The average individual annual premium for teen drivers is $5,827, significantly higher than the average of $2,946 when added to a family plan. The enhanced risk insurers associate with independent teen drivers comes from higher accident rates statistically.

MoneyGeek found that Texas Farm Bureau is the cheapest option in Wichita Falls for full coverage car insurance for those with military backgrounds.

• Texas Farm Bureau: $630 per year
• USAA: $806 per year

While USAA is not the absolute cheapest option, it ranks second and offers rates significantly lower than competitors. It is also dedicated to serving the unique needs of active-duty military members, veterans and their families, making it a preferred option for the military community.

In Wichita Falls, finding the most affordable car insurance provider may take more than an hour to research just a few providers. But with MoneyGeek's car insurance calculator, you can speed up this process. By inputting your age, driving history, credit score and coverage preferences, you can easily get a tailored rate estimate. This tool streamlines the rate comparison process, capitalizing on key factors influencing car insurance costs in Wichita Falls.

Choosing the best auto insurance in Wichita Falls for you is determined by weighing factors such as service, cost and coverage, among others. MoneyGeek's rating system uniquely assesses each category to help determine the leading car insurance providers for different needs:

• Best overall: Chubb (MoneyGeek score of 91 out of 100)
• Best for service: Chubb (MoneyGeek score of 92 out of 100)
• Best cheap: Chubb (MoneyGeek score of 90 out of 100)

Since Chubb emerges as the winner across all three categories, it stands out in Wichita Falls as the premier choice for comprehensive value, exceptional service and affordability. Individuals prioritizing budget-friendly options without significantly compromising on service will find Chubb matches their criteria. Those seeking a top-tier customer experience, regardless of cost, will appreciate Chubb's focus on service, while customers looking for a formidable mix of both service and affordability will be served well by Chubb’s overall offering.

MoneyGeek identified that Chubb offers the best option in Wichita Falls, providing top-tier coverage that consumers can trust.

• Chubb: MoneyGeek score of 91 out of 100 ($1,280 per year)
• State Farm: MoneyGeek score of 74 out of 100 ($814 per year)

Chubb stands out with high scores in customer satisfaction and claims, signifying strong consumer trust and efficient claim handling. This score was for a full coverage policy, ensuring comprehensive protection for drivers in Wichita Falls.

MoneyGeek found that Chubb is the best option in Wichita Falls when it comes to customer service. This evaluation prioritizes overall customer satisfaction, effective claims handling and comprehensive coverages, without focusing on insurance rates.

• Chubb: MoneyGeek score of 92 out of 100 ($1,280 per year)
• Foremost: MoneyGeek score of 77 out of 100 ($1,982 per year)

Chubb stands out with its exceptional score, reflecting superior claims service and coverage options that holistically contribute to a satisfactory customer experience. This reputation for quality, supported by high satisfaction scores, positions Chubb as a leading provider in the competitive insurance market.

MoneyGeek found that Chubb offers the best cheap car insurance in Wichita Falls, striking an outstanding balance between affordability and customer satisfaction. This comprehensive assessment takes into account not just the cost but also the efficacy of claims handling and overall customer satisfaction.

• Chubb: MoneyGeek score of 90 ($570 per year)
• Mercury: MoneyGeek score of 78 ($326 per year)

Chubb stands out with its superior score and offers a competitive rate. The score mentioned is specifically for a minimum coverage policy, reflecting Chubb's ability to provide high-quality and affordable insurance tailored to drivers' needs.

Wichita Falls presents an average car insurance cost of $1,414 annually, which is $368 below the state average of $1,782. Furthermore, Texas' average car insurance cost is on par with the national average, with a marginal difference of just $1.

Car insurance rates depend on individual factors, but location plays a critical role. Urban areas with higher traffic congestion tend to have higher insurance premiums due to the increased risk of accidents. Wichita Falls offers the most affordable car insurance in Texas at $1,414, while Houston stands on the opposite spectrum with the highest premium at $2,177, reflecting a substantial difference of $763. Non-urban locations with lower traffic density may experience even more favorable rates than city areas.