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Car Insurance in Waco, Texas

Illustration of van driving by Freeway Insurance headquarters

Waco, Texas, is a city that is filled with history, adventure, and a bit of tragedy. And whether you are simply visiting or currently live here, you need to have the best car insurance in Waco to really experience the area.

Why is that? Simply put, you need a good car to visit places like Baylor University or to watch the Waco Wranglers play. In addition, if you are driving all over this amazing city, you need the kind of protection offered by good car insurance.

Situated between Dallas and Austin along the Brazos River, Waco is not only a college town that is home to Baylor University, but also offers plenty of outdoor activities. Arts and culture abound, including the newly created Magnolia Trail, which highlights special Waco destinations that have been mentioned on HGTV’s popular Fixer Upper, hosted by Waco’s most famous residents’, Chip and Joanna Gaines.

Quick Facts

  • In Waco, the average cost of full coverage car insurance is $137/month.
  • In 2020, there were 15 fatal crashes, with 16 people killed.

How Much Is Car Insurance in Waco?

In Waco, the average monthly cost of full coverage car insurance is $137. Relatively speaking, that’s a reasonable price: it is cheaper than the state average car insurance cost of $152 and very close to the national average cost of $139.

To help you understand how Waco stacks up to the rest of Texas, we have a breakdown of different major cities and their average car insurance cost below.

City Average Minimum Monthly Premium
Austin $50
Dallas $57
El Paso $42
Houston $56
San Antonio $51
Waco $41

As you can tell, moving to different cities throughout Texas can affect the cost of your car insurance. But the same thing can happen if you simply move to another area of Waco.

Waco Affordable Car Insurance Rates by Zip Code

Car insurance companies look at multiple factors to determine your insurance premium. One of those factors is your zip code. Rates based on zip codes look at the amount of collective vehicle incident information available, such as car theft and car crime, as well as number of accidents.

To help you understand how location can affect how much you pay, we have a breakdown of different Waco zip codes and each area’s average car insurance cost.

Zip Code Average Minimum Monthly Premium
76701 $41
76702 $43
76704 $43
76705 $43
76706 $39
76707 $41
76708 $42
76710 $41
76711 $41

Waco Low Cost Car Insurance Rates by Age

While the city and zip code you live in affect your car insurance costs, you have some control over this because you can always move. However, there are other factors that impact your bill that you cannot control, including your age. Younger drivers, especially those in their teens, will simply pay more for their insurance. This is because, as a group, younger drivers tend to have more claims.

However, if your young driver is responsible and can show the insurance company that by providing a report card that shows good grades, you may be able to get a discount.

How does age affect how much you pay? Below, we have a breakdown of the average car insurance by age in Waco, Texas.

Age Average Minimum Monthly Payment
18 $122
20 $94
30 $43
40 $42
50 $40
60 $39
70 $46

Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.

Driving Conditions in Waco

One of the most common questions we receive from drivers is, “how much insurance should I have?” There is no one answer that is right for everyone. But you can figure out how much insurance you need in Waco by understanding what the driving conditions are like in this bustling Texas town.

How Many Fatal Accidents Happen in Waco?

There are relatively few car-related deaths in Waco. In 2020, there were 15 fatal crashes with 16 people killed. Four of those involved a drunk driver. There were 3,379 total crashes – 77 of those were considered serious with 98 suspected serious injuries.

How Are the Road Infrastructure and Bridges in Waco?

The road infrastructure in Waco is something of a mixed bag. In 2021, Texas civil engineers gave the state of Texas received a C in terms of infrastructure, and Waco’s roads are part of that grim assessment. And certain areas like Waco’s South 17th Street bridge are considered structurally deficient.

However, the future is looking brighter. A recently approved infrastructure act will bring much-needed funds into this area to fix roads, bridges, and more.

Get a Quote for Car Insurance in Texas Today!

Minimum Car Insurance Requirements in Waco

It is up to each driver to determine how much car insurance coverage and types of coverage they actually need. But no matter what coverage level you choose, it’s important to have at least the minimum car insurance required for the area.

What is the minimum insurance required in Waco? In this city and throughout Texas, drivers must have the following minimum liability insurance:

  • $30,000 for injury/death to per person
  • $60,000 for injury/death per accident
  • $25,000 for property damage

Don’t forget that liability insurance only pays out to cover the damage you cause if you are liable for an accident. To better protect both yourself and your vehicle, we recommend that you add collision coverage (and, potentially, comprehensive coverage).

What Are the Penalties for Driving Without Insurance in Waco?

If you drive in Waco, it’s essential to have car insurance. But what happens if you are caught driving without any insurance at all?

For the first offense, your fine may be anywhere between $175 and $350. For second offenses, the fine may be anywhere from $350 to $1000. Should you go on to commit further offenses (especially in a short period of time), you may have your license and registration suspended and your car impounded.

Factors Allowed in Waco, TX Car Insurance Rates

Now you know that age and location play a role in how much you pay for car insurance. But what other factors are car insurance companies allowed to consider?

In Texas, all of these factors are considered fair game:

  • Age
  • Zip code
  • Education & occupation
  • Marital status
  • Credit score
  • Gender

Some of these cannot be changed easily, and some cannot be changed at all. But if anything does change (such as your credit score), it’s important to update your carrier and potentially save money on your bill.

Discounts for Car Insurance in Waco

What if saving money on your car insurance was as easy as just asking?

Every car insurance carrier offers special discounts. By qualifying for such a discount, you can knock some of the cost off your monthly premium.

Here are some common discounts offered by insurance carriers in Waco:

  • Blue icon of a blue car

    Good driver discounts

  • Illustration of a smiling person

    Customer loyalty discounts

  • Blue icon of a graduation cap

    Good student discounts

  • Pink icon of a thief

    Safety features and anti-theft systems

  • Blue icon of a document with a checklist

    Bundling discounts

  • Green icon of a military man

    Military discounts

Remember, you won’t know which discounts your own carrier offers until you contact them and ask!

Get a Waco Cheap Car Insurance Quote Today!

The historic Waco Suspension bridge

If you really want to save money on your car insurance, you need to find a carrier that offers the most competitive quotes.

Here at Freeway Insurance, we specialize in keeping you safe in Waco and wherever you drive. We are happy to get you started with a quote online. But if you’d rather visit in person, you are always welcome to come to one of our local offices. Or you can always call us at (800) 777-5620 for a quote today!