Best cheap car insurance in Dallas for 2024

The best car insurance companies in Dallas

Finding the best car insurance in Dallas for your needs may mean considering multiple factors. We started by analyzing November 2024  premium data from Quadrant Information Systems. Cost is likely to be important, but factors like available coverage options, financial strength, discount opportunities and more also may matter to you. Fortunately, because Dallas covers a large area, most major insurers operate there, and by gathering quotes from a handful of them, you should be able to find the cheapest rates for coverage that gives you robust protection. Bankrate's insurance editorial team created this guide to the best cheap car insurance companies in Dallas to help you find the coverage that's right for you.

The cheapest car insurance companies in Dallas

Bankrate's team ran the numbers to find the cheapest car insurance companies in Dallas so you can find coverage that fits your lifestyle and your wallet. Although your own rate is based on factors unique to you and your vehicle and is likely to differ from the overall averages, knowing these rates gives you a place to start for your own search.

How much is car insurance in Dallas, Texas?

The average cost of car insurance in Dallas is $2,752 for full coverage, while minimum coverage is available for an average cost of $814. Average Dallas full coverage car insurance rates are 10 percent more than the Texas state average and 12 percent more than the national average. However, your own rate will be based on multiple factors that are unique to you and your situation, including your age, driving record and location, as well as your car's age, make and model.

Dallas rates for teens

Of all the age groups, teens tend to pay the most for their car insurance policies. This is largely because their inexperience behind the wheel means that they are at a higher risk than any other group for accidents and other vehicle mishaps. The good news is that as they age, their rates will generally start to decrease. The average cost of full coverage car insurance for a 16-year-old on their parents’ insurance in Dallas is $2,039 per year; the average cost for an 18-year-old driver on a standalone policy is $2,633 per year.

In most cases, teens cannot purchase their own policies until they are 18, however they may want to remain on their parents' policy even after that time if they live at home, since rates are likely to be lower than if they are on their own policy. On average, a full coverage insurance policy in Jacksonville with an 18-year-old and two married parents costs only $5,067 — which is 35 percent less than a standalone policy for the same 18-year-old.

Dallas rates for young drivers

As we noted above, a young driver who maintains a clean driving record is likely to see their rate drop as they enter their 20s. If they live at home, they may be able to stay on their parents' insurance, but once they have their own home, they will likely need to purchase their own coverage. On average, a 20-year-old driver on a standalone full coverage policy pays $6,011 per year in Dallas, while a 25-year-old driver pays an average of $3,586 per year for the same coverage. The rates below are for young drivers on their own policy.

Dallas rates for adults

Other circumstances being equal, rates will continue to drop for drivers throughout their middle years. On average, a 30-year-old driver in Dallas pays $2,922 per year for full coverage auto insurance, while a 50-year-old driver pays $2,487 per year, on average.

To keep rates low, the best strategy is to maintain a spotless driving record with no moving violations. Even a single accident can be enough reason for an insurer to increase rates for Dallas drivers.

Dallas rates for senior drivers

Dallas drivers with clean records in their 60s are likely to pay some of the lowest rates for coverage. When they hit their senior years, however, rates may increase slightly to account for the somewhat higher rate of accidents that are statistically likely to involve older drivers. On average, we found that Dallas drivers pay around $2,485 per year for full coverage at age 60 and $2,703 per year at age 70.

The cheapest car insurance in Dallas by driving record

Your driving record is one of the most important factors insurers look at when determining your rate. Why? Past infractions, whether it be accidents, speeding tickets or a DUI, suggest that a driver may be more likely to file expensive claims in the future. To protect themselves financially, insurance companies compensate for this increased risk by charging higher rates. Some of the cheapest car insurance companies in the region, however, may still offer reasonable rates to drivers with marks on their license.

Car insurance with a speeding ticket in Dallas

On average, Dallas drivers with a single speeding ticket pay $3,039 per year for full coverage insurance, compared to $2,752 prior to their conviction. This means that drivers with a single speeding ticket conviction typically pay 12 percent more for full coverage. Most insurers will keep this increased rate in effect for three to five years, after which it may drop if the driver has not earned any further infractions.

Car insurance after an accident in Dallas

As you might imagine, if you are found to be at fault in an accident in Dallas, you are likely to see an increase in your rate. Dallas drivers with a single at-fault accident on their driving record pay 55 percent more, on average, for full coverage than drivers with clean records. A driver who’s found at fault for an accident represents a greater risk to insurance companies, which charge an average of $4,271 per year for drivers with a single at-fault conviction in Dallas.

Car insurance after a DUI in Dallas

A DUI is generally considered one of the most serious infractions you can earn in Dallas, and you are liable to face fines and other penalties if you are convicted. Dallas drivers pay average annual rates of $4,214 for full coverage and $1,336 for state minimum coverage after a single DUI conviction. Drivers with a single DUI pay 56 percent more for full coverage and 66 percent more for minimum coverage, on average, than drivers with clean records.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Age: Rates were calculated by evaluating our base profile with the ages 20-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Teens: Rates were determined by adding a 16- or 18-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.

Bankrate Score

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.