The best car insurance in Waco, TX

Nicole Wakelin

By

Nicole Wakelin

Nicole Wakelin

Automotive journalist

Nicole Wakelin is an automotive journalist who has covered the industry for over a decade. She’s always loved cars and the fact that they regularly hand her the keys to shiny new automobiles so she can write about them is a constant source of amazement. She covers breaking news, writes reviews, and attends auto shows and new vehicle launches across the country.

Her work has appeared in a wide range of publications both online and in print. These include U.S. News & World Report, The Boston Globe, TrueCar, Kelley Blue Book, and Autobytel. In addition, she speaks to all things automotive at conferences, on the radio, and on podcasts, including co-hosting the weekly Wheel Bearings Podcast.

Nicole is a current member and former Vice President of the New England Motor Press Association. She is also a juror for both the Women’s World Car of the Year and the North American Car, Truck and Utility of the Year.

Published November 2, 2021

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A full coverage car insurance policy in Waco costs an average of $1,700 per year. That’s $140 less than the Texas state average of $1,840 per year. It’s cheaper than average to get car insurance in Waco because it’s smaller than many of the other cities in Texas.

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To get the lowest rate possible on car insurance, you should shop around and get quotes from several car insurance companies. Policygenius makes it easy to compare quotes from top companies and choose the coverage that’s best for you.

Key Takeaways

  • Texas Farm Bureau offers the lowest average rate for full coverage car insurance in Waco at $953 per year

  • Nationwide has the highest average for full coverage car insurance in Waco at $1,342 per year

  • Texas requires minimum liability coverage of $25,000 for property damage per accident, $30,000 bodily injury per person, and $60,000 bodily injury per accident

Cheapest car insurance companies in Waco, TX

Insurance costs can rise or fall depending on where you live, your age, your overall driving record, and the type of car you choose to drive. Each insurance company has its own methodology for setting its rates, so you can get very different rates from different companies for the same coverage. 

The ZIP code you call home can also impact how much you pay for car insurance. The following table shows the five cheapest car insurance companies in Waco with their J.D. Power scores, when available.

Company

Average cost

JD Power Rating

Texas Farm Bureau

$953

--

State Farm

$1,112

881

GEICO

$1,163

871

Germania Insurance

$1,165

--

Nationwide

$1,342

876

Cheapest car insurance rates by ZIP code in Waco, TX

Insurance companies use ZIP codes to figure out the risks of living in a given neighborhood. They look at things including secure parking and on-street parking, theft and vandalism, and the number of accidents and traffic tickets issued in your area. The table below shows the car insurance rates for ZIP codes in the city of Waco.

ZIP code

Average cost

76701

$1,740

76704

$1,734

76706

$1,686

76707

$1,750

76708

$1,710

76710

$1,687

76711

$1,659

76712

$1,610

Choosing the right car insurance company in Waco, TX

It can seem like a complicated process to figure out which insurance company to choose, but there are just a few key items to consider.

  • Cost: You don’t want to overpay for car insurance. Get quotes from multiple car insurance companies so you can see which offer policies within your budget.

  • Coverage: Beyond meeting the minimum state requirements, how much extra you get is your choice. Don’t be pressured into buying more coverage than you need.

  • Service: Check third-party customer service and claims satisfaction ratings to see what real policyholders think about their coverage. 

Policygenius makes it easy to compare quotes from multiple companies, so you can choose the right coverage at the right price.

Car insurance rates for drivers with driving violations in Waco, TX

If you have speeding tickets or accidents on your record, then your rates will go up. The more of these infractions on your record, the more you’ll pay for insurance.

Try to keep driving violations to a minimum and you’ll reduce your car insurance costs. The average annual car insurance rates for drivers in Waco with a variety of violations is listed in the table below for Texas Farm Bureau, State Farm, GEICO, Germania Insurance, and Nationwide.

Violation

Texas Farm Bureau

State Farm

GEICO

Germania Insurance

Nationwide

At-fault Accident

$1,625

$1,350

$1,834

$1,596

$2,242

DUI

$3,884

$1,845

$2,012

$2,683

$2,830

Driving with a suspended license

$1,656

$1,597

$2,012

$2,140

$1,775

Driving with an open container

$3,884

$1,747

$2,012

$1,248

$1,775

Driving with expired registration

$1,036

$1,128

$1,389

$1,248

$1,775

Driving without Lights

$1,036

$1,128

$1,389

$1,248

$1,775

Failure to show documents

$1,036

$1,128

$1,389

$1,248

$1,775

Failure to stop at a red light

$1,036

$1,128

$1,389

$1,248

$1,775

Cheapest car insurance for drivers with bad credit in Waco, TX

Bad credit can also lead insurance companies to charge you higher rates. This table lists the five cheapest car insurance companies in Waco for drivers with bad credit.

Company

Rates for drivers with bad credit

Nationwide

$2,100

Redpoint County Mutual

$2,165

Germania Insurance

$2,300

State Farm

$2,323

Texas Farm Bureau

$2,379

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Buying car insurance in Waco, TX

Texas requires car insurance for every vehicle registered in the state with the following minimum amounts:

  • $25,000 for property damage liability per accident

  • $30,000 for bodily injury per person, $60,000 per accident

You must keep the insurance coverage the whole time that your vehicle is registered, even if you’re not driving. 

How to get cheap car insurance in Waco, TX

There are several ways to get cheap car insurance in Waco, including:

  • Maintain a clean record: Avoid accidents and traffic tickets as much as possible.

  • Watch your credit: A high credit score will get a better insurance rate, so pay bills on time and pay down debt whenever you can

  • Compare companies: Get quotes from multiple companies to find the best rate.

  • Choose coverage carefully: Look at all the details, including the various add-ons to make sure you’re getting the coverage you need, and none that you don’t

  • Ask about discounts: Ask about what kind of discounts are available for things like low mileage drivers, safe drivers, good students, and for professional groups including firefighters and teachers. 

  • Bundle policies: If you take out a homeowners, boat, motorcycle or any other insurance policy through the same company, it could reduce your rates for all of those policies.

Frequently asked questions

How can I save on car insurance in Waco?

Keep an eye on your credit and keep a clean driving record with as few accidents and speeding tickets as possible. If your rates are going up, reshop and compare quotes from multiple companies to find similar coverage at a better price.

Is Texas an at-fault or no-fault state?

The state of Texas is an at-fault state. If one driver is determined to be at-fault for an accident, then that driver’s insurance will pay everyone’s bills, up to the at-fault driver’s limits.

Does Texas require car insurance to register a car?

Texas does require car insurance. The minimum amounts required by the state are $25,000 for property damage liability per accident, $30,000 for bodily injury per person, and $60,000 bodily injury per accident.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: 50/100

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: 50/100

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.