Austin Car Insurance Information
The average insurance cost in Austin is much expensive compared to the national and state’s average cost. National Car insurance rate is low at $900 compared to Texas insurance rate at $1792 and Austin at $1,797. This average cost of car insurance varies depending on a number of factors such as policy type, type of a car,location, ones driving record and the number of claims filled. Age and gender are also big factors that determines the cost of car insurance. The younger drivers pay higher insurance rates than the older drivers.Females also have lower premium rates as compared to the males.
CHEAPEST CAR INSURANCE COMPANIES IN Austin
Austin being the capital city of Texas has high premiums but still there are cheap car insurance in Austin. It is therefore important to understand the premium cost before you insure your car. To find a cheap car insurance in Austin, there are factors that are considered. If you are a good driver your rates are cheaper as compared to a driver with poor credit. Insurance rates of drivers with faults in accidents are bound to rise too.Residing in highly populated locations attracts high insurance rates as well. You need to shop around and compare at least five car insurance providers to find the one that fits into your budget. Everybody likes to save and these are some of the cheapest car insurance in Austin. USAA insurance company has the cheapest car insurance cost in Austin city.
| Rate | Car Insurance Company | Annual Insurance Rate |
|---|---|---|
| 1 | USAA | $575 |
| 2 | Texas Farm Bureau | $720 |
| 3 | Amica | $913 |
| 4 | Encompass | $948 |
| 5 | Austin Average | $964 |
| 6 | Farmers | $1094 |
| 7 | Allstate | $1150 |
| 8 | Safe Auto | $1237 |
Austin Car Insurance Rate by Zip Code
Car insurance rates are influence by the location one resides. Every location within Austin city have specific different Zip Codes. These Zip codes are assigned by insurers based on the risk levels like frequency of theft, ravage and accidents in the area. Areas prone to such incidences have high car insurance rates. The insurance rate also depends on the standards of these locations. If you reside in an expensive location, you get high car insurance rates.With Zip Codes it makes it easier to calculate one’s premium rates. Males of the age of thirty pay an average insurance rate in different Zip codes but this also varies whether you are single or married.
| Zip Code | Average Car Insurance Rates | Highest Rate | Lowest Rate |
|---|---|---|---|
| 78717 | $1291 | $2015 | $899 |
| 78759 | $1297 | $2015 | $925 |
| 78757 | $1307 | $2015 | $962 |
| 78750 | $1335 | $2127 | $925 |
| 78764 | $1336 | $2061 | $944 |
| 78704 | $1337 | $2061 | $991 |
| 78731 | $1341 | $2002 | $1042 |
| 78749 | $1373 | $2198 | $959 |
| 78748 | $1388 | $2198 | $1085 |
Austin CAR INSURANCE RATES BY AGE
| Age | Male | Female |
|---|---|---|
| 20 | $2818 | $2383 |
| 30 | $1291 | $1283 |
| 40 | $1156 | $1170 |
| 50 | $1114 | $1091 |
| 60 | $1091 | $1065 |
| 70 | $1342 | $1293 |
Young drivers especially teenagers pay the most expensive car insurance rates than other age groups. They pay $5,801 per year on car insurance premiums. This is because they are inexperienced and are more likely to get into accidents. Therefore, they are high risks to car insurance providers. In Austin, when a person moves out of teenage age group and hits 20 years their insurance premiums are reduced by around 61%. And when you get old at 70 years, the premium rate increases. Females have lower car premium rates as compared to males of the same age group.
