Texas Farm Bureau, State Farm and Mercury are the top three affordable car insurance companies in Austin. Rates can vary greatly depending on your driving profile and the level of coverage you choose. The table below breaks down common categories to help you see which company offers the most affordable option for your specific needs.
Cheapest Car Insurance in Austin, TX
Updated: December 12, 2024
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Key Takeaways
The five overall cheapest car insurance companies in Austin are Texas Farm Bureau, Mercury, State Farm, Progressive and AAA Texas.
The lowest monthly rates for car insurance in Austin are $31 for minimum coverage and $66 for full coverage.
The average cost of car insurance in Austin is $69 per month for minimum coverage and $139 for full coverage.
Why Trust MoneyGeek? MoneyGeek analyzed car insurance companies using data collected from the Texas Department of Insurance and Quadrant Information Services. Learn more.
Cheapest Car Insurance Rates and Companies in Austin
| Texas Farm Bureau | Minimum Coverage | $31 |
| Texas Farm Bureau | Full Coverage | $66 |
| Nationwide | Teens | $176 |
| Texas Farm Bureau | Young Adults | $39 |
| Texas Farm Bureau | Senior Drivers | $27 |
| Mercury | Drivers With Bad Credit | $52 |
| Texas Farm Bureau | Drivers With a Speeding Ticket | $31 |
| Mercury | Drivers With a DUI | $52 |
| State Farm | Drivers With an Accident | $48 |
| Texas Farm Bureau | Military Affiliated Drivers | $31 |
Cheapest Car Insurance Coverage in Austin
Finding the cheapest car insurance in Austin means comparing rates from various providers. Your age, driving record, type of vehicle and coverage needs all play a role in determining your premium. When looking for the cheapest car insurance in Texas, remember that the rates in Austin may differ. Getting multiple car insurance quotes ensures you don't overpay for the protection you need.
Cheapest Minimum Coverage Car Insurance in Austin
Texas Farm Bureau offers the cheapest minimum coverage car insurance in Austin at $31 per month, followed by Mercury at $36. Check the table below to see which providers offer the best rates for minimum coverage in the area.
| Texas Farm Bureau | $31 | $38 |
| Mercury | $36 | $32 |
| State Farm | $38 | $31 |
| Progressive | $51 | $17 |
| AAA Texas | $55 | $14 |
| National General | $58 | $10 |
| Allstate | $65 | $3 |
| GEICO | $65 | $3 |
Cheapest Full Coverage Car Insurance in Austin
Texas Farm Bureau offers the cheapest full coverage car insurance in Austin at $792 per year. Check the table below to explore other providers offering the best rates for full coverage in the area.
| Texas Farm Bureau | $66 | $74 |
| State Farm | $82 | $57 |
| Progressive | $100 | $39 |
| AAA Texas | $112 | $27 |
| National General | $121 | $19 |
| GEICO | $121 | $18 |
| Mercury | $124 | $16 |
| Allstate | $126 | $13 |
Cheapest Car Insurance in Austin by Age
In Austin, age influences car insurance rates. Young drivers pay more due to less road experience. These premiums usually drop over time, but they can increase after age 70. Below is a list of affordable insurance options for teens, young adults and seniors.
Cheapest Car Insurance in Austin for Teens
GEICO, Nationwide and State Farm offer the cheapest car insurance for teens in Austin. Check the table below to see the lowest car insurance rates for this age group in the city.
| Nationwide | $176 | $116 | $369 | $76 |
| State Farm | $177 | $115 | $220 | $225 |
| GEICO | $232 | $59 | $228 | $217 |
Cheapest Car Insurance in Austin for Young Adults
For affordable car insurance for young adults in Austin, Texas Farm Bureau offers the cheapest rate at $468 annually, which is 57% less than the city average. Other affordable options include State Farm, Mercury and Progressive.
| Texas Farm Bureau | $39 | $51 |
| State Farm | $46 | $44 |
| Mercury | $48 | $43 |
| Progressive | $60 | $31 |
| AAA Texas | $69 | $21 |
| GEICO | $75 | $16 |
| National General | $78 | $13 |
| Allstate | $82 | $9 |
Cheapest Car Insurance in Austin for Seniors
Texas Farm Bureau offers the cheapest car insurance for seniors in Austin, with an annual rate of $324. Check the table below to explore options from other providers and find the best rates for senior drivers.
| Texas Farm Bureau | $27 | $43 |
| State Farm | $35 | $34 |
| Mercury | $40 | $29 |
| Progressive | $51 | $18 |
| AAA Texas | $57 | $12 |
| National General | $61 | $8 |
| Allstate | $67 | $2 |
| GEICO | $68 | $1 |
Cheapest Car Insurance in Austin for Drivers With Bad Credit
A low credit-based insurance score can lead to higher premiums than those with good scores. Mercury offers cheap car insurance for drivers with bad credit at $624 yearly, while Texas Farm Bureau offers $780. Review the table below for more options from other providers.
| Mercury | $52 | $68 |
| Texas Farm Bureau | $65 | $55 |
| Progressive | $79 | $41 |
| AAA Texas | $85 | $35 |
| National General | $88 | $31 |
| Allstate | $97 | $23 |
| Nationwide | $109 | $11 |
| Foremost | $111 | $9 |
HOW TO LOWER YOUR RATE WITH BAD CREDIT
Drivers with poor credit can still find ways to lower car insurance costs. Utilize common discounts and consider bundling different insurance policies for savings. Compare personalized quotes from multiple companies. Improving your credit over time can also help you get a lower rate.
Cheapest Car Insurance in Austin After a Driving Offense
Insurance providers assess risk when calculating car insurance premiums, with your driving record playing a key role. Violations like speeding tickets, accidents or DUIs can significantly raise your rates. Even the cheapest car insurance for drivers with violations will be more expensive than for those with clean records. We've broken down affordable providers so you can find cheap car insurance after an accident and for other driving offenses.
Cheapest Car Insurance in Austin After a DUI
Texas does not give DUIs but has DWIs instead. Drivers in Austin with a DWI can still find affordable car insurance. Mercury offers the cheapest minimum coverage at $624 annually. Check the table below to explore options from other providers and find the best rates for drivers with a DWI.
| Mercury | $52 | $53 |
| Progressive | $55 | $49 |
| Texas Farm Bureau | $69 | $36 |
| State Farm | $73 | $31 |
| National General | $73 | $31 |
| AAA Texas | $86 | $19 |
| Foremost | $104 | $0 |
Cheapest Car Insurance in Austin After an Accident
State Farm offers the most affordable minimum coverage car insurance for drivers with an at-fault accident in Austin, with an annual rate of $576. Check the table below to explore options from other providers and find the best car insurance company with the most affordable rates for drivers with an at-fault accident record.
| State Farm | $48 | $67 |
| Texas Farm Bureau | $52 | $63 |
| Mercury | $78 | $38 |
| Progressive | $78 | $37 |
| AAA Texas | $81 | $34 |
| GEICO | $90 | $25 |
| National General | $100 | $15 |
| Allstate | $112 | $3 |
Cheapest Car Insurance in Austin After a Ticket
Texas Farm Bureau offers the most affordable car insurance for Austin drivers with a speeding record, at $372 annually. State Farm comes in second at $456 per year. Check the table below to explore options from other providers and find the best car insurance company with the most affordable rates.
| State Farm | $38 | $44 |
| Texas Farm Bureau | $31 | $51 |
| Mercury | $53 | $29 |
| Progressive | $60 | $22 |
| Allstate | $65 | $16 |
| National General | $72 | $10 |
| AAA Texas | $72 | $9 |
| GEICO | $74 | $8 |
Cheapest Car Insurance in Austin for Military Drivers
Military drivers in Austin — including active-duty members, veterans and their families — often find special discounts and competitive rates on car insurance. The cheapest car insurance providers for military drivers seeking minimum coverage are Texas Farm Bureau at $372 annually and USAA at $432.
| Texas Farm Bureau | $31 | $35 |
| USAA | $36 | $30 |
| Mercury | $36 | $30 |
| State Farm | $38 | $28 |
| Progressive | $51 | $15 |
| AAA Texas | $55 | $12 |
| National General | $58 | $8 |
| Allstate | $65 | $1 |
| GEICO | $65 | $1 |
How Much Does Car Insurance Cost in Austin?
In Austin, the average full coverage car insurance costs $1,668 yearly. State minimum coverage is cheaper at $828 annually. These rates are averages for a 40-year-old with good credit and a clean driving record; your rate may vary.
Austin Auto Insurance Cost by Driver Profile
Compare your auto insurance rates with our table of average costs for various driver profiles in Austin to ensure you're getting an affordable plan.
| Teen Drivers | No Data | $445 |
| Young Adults | $90 | $182 |
| Senior Drivers | $69 | $134 |
| Drivers With Bad Credit | $120 | $250 |
| Drivers With a Speeding Ticket | $82 | $167 |
| Drivers With a DUI | $104 | $203 |
| Drivers With an Accident | $115 | $226 |
| Military Affiliated Drivers | $66 | $135 |
How Expensive Is Car Insurance in Austin?
In Austin, minimum coverage car insurance is about 2% cheaper than the Texas average, costing around $69 monthly. Full coverage is roughly 1% more, at about $139 monthly. Texans looking for affordable plans find Austin's rates competitive.
| Austin Avg Rate | $69 | $139 |
| Texas Avg Rate | $68 | $141 |
| vs Texas Avg Rate | $-1 | $2 |
Car Insurance Requirements in Austin
In Texas, drivers must have car insurance that meets the state minimum coverage limits, which include bodily injury liability and property damage liability. These limits ensure financial responsibility in the event of an accident.
Texas law mandates the following minimum coverage amounts for auto insurance policies:
- $30,000 for bodily injury liability per person
- $60,000 for bodily injury liability per accident
- $25,000 for property damage liability per accident
An auto insurance policy provides financial protection against expenses from accidents. Liability coverage specifically helps pay for damages or injuries you may cause to others if you're at fault in a collision.
For example, if you're responsible for an accident that injures another driver, your minimum bodily injury liability per person coverage would cover up to $30,000 of the expenses related to that person's injuries. It's essential to have adequate coverage to protect yourself financially.
If you need SR-22 insurance in Austin, these are the minimum coverage amounts you must carry to drive legally.
Cheapest Car Insurance in Austin: Bottom Line
Finding affordable car insurance in Austin depends on factors like your age and driving record. Texas Farm Bureau and State Farm are often the most wallet-friendly. However, always compare quotes to make sure you get the best deal.
Cheap Austin Car Insurance: FAQ
MoneyGeek answers common questions about affordable car insurance in Austin. We help you understand your options to find the best coverage for your needs.
What is the cheapest car insurance company in Austin, Texas?
The cheapest car insurance company in Austin, Texas, is typically Texas Farm Bureau, with average rates of $372 per year for minimum coverage and $792 per year for full coverage. However, rates vary based on age, driving history and coverage needs, so it’s best to compare quotes.
What is the average cost of car insurance in Austin, Texas?
The average cost of car insurance in Austin, Texas, is $1,668 per year for full coverage, while minimum coverage averages $828 per year. These rates can vary depending on your specific circumstances.
Is car insurance in Austin, Texas, expensive?
The average car insurance rates in Austin are slightly lower than the overall figures in Texas. Austin drivers can expect to pay about $69 monthly for minimum coverage. Full coverage policies are more affordable in Austin than the Texas average, costing roughly $139 per month.
How We Chose the Cheapest Car Insurance in Austin, TX
To help Austin drivers find the most affordable auto insurance companies, MoneyGeek analyzed Austin auto insurance rates based on data and information from the Texas Department of Insurance and Quadrant Information Services.
Austin Driver Profile
MoneyGeek created a sample driver profile to calculate car insurance quote averages in Austin with the following characteristics:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
Certain factors — such as age, driving record, credit score and military affiliation — were adjusted to find the most suitable insurance companies for specific driver profiles.
Coverage Levels in Austin
MoneyGeek compared the most affordable insurance providers for both minimum and full coverage auto insurance policies.
The minimum coverage requirements in Texas are:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
For a full coverage policy, we used the following coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
- Comprehensive and collision insurance, each with a $1,000 deductible
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.