Best cheap car insurance in Wichita Falls for 2021
Drivers in Wichita Falls, Texas, pay an average of $ 461 per year for minimum coverage and $ 1,810 per year for full coverage, according to Bankrate’s 2021 Annual Quoted Premiums Study. While these rates are comparable to those for drivers in Texas, they are slightly higher than the national average of $ 1,674 per year for full coverage.
To choose the best cheap car insurance in Wichita Falls, Bankrate looked at a wide range of aspects to find out which carriers offered the most benefits to customers. Inexpensive rates, coverage options, and customer service ratings were a few factors taken into account in creating a list of the best car insurance companies in Wichita Falls.
Best Car Insurance Companies in Wichita Falls
USAA, Geico, Fred Loya, and State Farm are all great choices for auto insurance in Wichita Falls. Yet each carrier offers a slightly different benefit, in addition to competitive rates.
|Insurance company||JD Power Score
|Average annual premium for minimum coverage||Average annual premium for full coverage|
|United States||878 / 1,000||$ 297||$ 1,144|
|Geico||846 / 1,000||$ 311||$ 1,147|
|Fred loya||N / A||$ 315||$ 2,951|
|State farm||844 / 1,000||$ 436||$ 1,226|
USAA is intended for serving members of the military, veterans, or members of their immediate family. If you meet the eligibility requirements, you have access to a range of coverage options, including carpooling coverage. Discounts are plentiful as well, with those available depending on how many years you’ve been with USAA, Safe Driver & Defensive Driving, Multi-Policy and many more.
Learn more: USAA Insurance Review
Geico performs well on the JD Power list, scoring 846 out of 1,000, above the regional average. Although Geico offers the standard list of coverage options, you can find the mechanical failure cover beneficial. This option is similar to an extended auto warranty where you receive some reimbursement for expenses related to vehicle wear and tear after reaching a deductible of $ 250.
Learn more: Geico Assurance review
Fred Loya is an insurance company based in El Paso, Texas. It’s also a business traditionally geared towards high-risk drivers, and includes coverage options and discounts tailored to those who are unable to purchase insurance from other carriers. Whether drivers are unable to obtain insurance due to bad credit or a corrupted driving record, Fred Loya offers Basic, SR-22 and other options so you can drive legally.
Learn more: Fred Loya Assurance Reviews
As the largest auto insurance provider in the United States, State Farm offers a variety of hedging options, discounts, and digital assets. Managing your policy on your smartphone is super easy with State Farm, as the app lets you make changes to your policy, contact an agent, file a claim, and more. State Farm offers you many options for customer service through the toll-free number, one of the 19,000 insurance agents, the online portal or via the app.
Learn more: State agricultural insurance review
The cheapest car insurance in Wichita Falls
The average cost of auto insurance in Wichita Falls is $ 461 for a minimum coverage policy and $ 1,810 per year for full coverage. Compared to the national average of $ 1,674, the full coverage rate is about 8% above average. When you look at Texas as a whole, you’ll find that Texans pay an average of $ 524 per year for minimum coverage and $ 1,823 for full coverage.
Of the carriers reviewed, USAA, Geico, State Farm, Mercury, and Nationwide were all found to offer the cheapest auto insurance rates in Wichita Falls. Each of these carriers offer great benefits, including strong financial strength ratings from AM Best, multiple coverage and rebate options, and digital assets. Where these carriers differ is that Mercury is not on the JD Power list. Additionally, while all five operators offer digital assets like an online portal and mobile app, Mercury is the only one where you can’t file a claim through the app.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|United States||$ 297||$ 1,144|
|Geico||$ 311||$ 1,184|
|State farm||$ 436||$ 1,226|
|Mercury||$ 441||$ 1,466|
|At national scale||$ 449||$ 1,242|
Wichita Falls Insurance Requirements
Texas needs a at least 30/60/25 in civil liability to drive legally, which includes:
- $ 30,000 for bodily injury liability per person
- $ 60,000 for accidental bodily injury liability
- $ 25,000 for accidental property damage liability
However, buying only the bare minimum may not provide the financial protection you expect from your auto insurance. For example, by forgoing collision insurance or Uninsured Motorist (UM) coverage, you will have no recourse if you are the victim of a hit-and-run accident and your car is damaged in the process. While your medical needs are covered by Hit-and-Run Injury Protection Coverage (PIP), damage to the vehicle is not unless you add a collision or UM.
Discounts on Auto Insurance in Wichita Falls
Since auto insurance rates in Wichita Falls tend to be higher than the national average, finding ways to save on premiums can be a top priority. Fortunately, there are a variety of discounts available, including:
- Good student: If you maintain a certain grade point average in school, you could be rewarded with a Good Student Discount.
- Pay in full: If you choose to pay your premiums in full at the start of your renewal period, instead of breaking them down into monthly or quarterly installments, you may be eligible for an additional discount.
- Automatic payment: Setting up your payments to be automatically withdrawn from your checking or savings account is an easy way to potentially save on premiums.
- Defensive driving: Attending a defensive driving course teaches you valuable driver safety skills, and you will often see reduced premiums. Before signing up, make sure it is approved by the carrier so that you receive the maximum savings.
Discounts are an easy way to save on insurance costs. These discounts represent a handful of what may be offered to you by your carrier. Each company has a different list and criteria of what you are eligible for, so it pays to compare multiple companies and options face to face. Many carriers offer additional discounts to the military, seniors, teachers, and a wide variety of others.
Frequently Asked Questions
What is the best auto insurance company in Wichita Falls?
Bankrate uses several metrics to determine the best auto insurance company. Overall, each carrier is reviewed for customer service ratings, rates, coverage options, available discounts, and financial strength. Based on this information, Bankrate lists Geico, Amica, and USAA as the best choices to consider.
How much does car insurance cost in Wichita Falls?
The average cost of auto insurance in Wichita Falls is $ 461 for a minimum coverage policy and $ 1,810 per year for full coverage. The most important thing to remember is that these rates are representative and that your rates are highly dependent on personal factors. Your rates may be higher or lower depending on your age, zip code, credit rating, marital status, gender, and driving history.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.
These are sample rates and should only be used for comparison purposes.