Waco Car Insurance
Find the right car insurance policy for you.
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Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Interstate 35 provides a convenient connection from Waco to the larger cities of Dallas, Austin and Fort Worth. However, it can often prove to be a dangerous roadway, particularly during holiday weekends. Waco Drive and Loop 340 are also the location of many traffic collisions in Waco, TX. Of course, accidents can happen anywhere, and when they do, they can prove quite costly. Area residents can benefit from having the protection of a comprehensive Waco car insurance policy.
Having the right car insurance coverage cannot prevent a traffic accident, but it can prevent the accident from causing you unnecessary financial strain. An independent agent from the Trusted Choice® network can help you determine your coverage needs and understand your options. A local member agent will be able to provide you with a variety of competitively-priced Waco auto insurance quotes so you can select a policy that comes at a great rate.
Texas Car Insurance Requirements
- Bodily injury liability: required
- Property damage liability: required
- Personal Injury Protection (PIP): not required
- Uninsured motorist: not required
- Minimum liability limits: 30/60/25
- Coverage up to $60,000 for all persons injured in an accident, subject to a limit of $30,000 for one individual, and $25,000 coverage for property damage.
Texas state law dictates minimum liability coverage requirements for all vehicle owners who live in this state. There are stiff penalties for failure to carry the required coverage. First offenders face fines of $175 to $350; subsequent offenders are subject to fines of $350 to $1,000, impoundment of their vehicle, and license suspension.
Usually, these state-mandated minimums are enough to handle liability expenses following an accident. However, if you are involved in a major accident that causes debilitating injuries or fatalities, the costs can exceed your coverage amounts. If this happens, you will be responsible for making up the difference out-of-pocket.
The Federal Highway Administration reports that the average cost associated with treating injuries sustained in car accidents is as high as $68,170 per person and the average costs associated with fatal accidents can exceed $3 million.
If you own businesses or property, you have a lot at risk. Protect your assets by purchasing additional liability coverage with your auto policy or purchase a separate umbrella insurance policy.
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How Much Does Waco Car Insurance Cost?
In the state of Texas, the average cost of an auto insurance policy is a bit higher than most of the country, but average policy costs are meant to be used as guidelines only. Many different factors can influence your personal coverage costs. These factors may include the amount of coverage you purchase, your age and driving record, the make and model of your car, and where and how often you drive.
Texas Car Insurance Costs
- National average cost per year: $1,311
- Texas average cost per year: $1,449
- 17th most expensive premiums in the U.S.
You may even qualify for policy discounts for having multiple policies with the same provider, agreeing to automatic electronic payments, or maintaining a clean driving record for a given amount of time.
Additional Coverage Options for Waco Car Insurance
When you purchase a Waco auto insurance policy, you have the option to purchase additional coverage such as uninsured motorist coverage, medical payments coverage, property damage coverage and comprehensive coverage.
Adding comprehensive coverage to your policy will provide you with coverage for damages that may affect your vehicle while you are not driving. These can include loss and damages caused by weather events, falling objects, vandalism or theft.
Texas Uninsured Motorists:
- National uninsured motorists: 13%
- Texas uninsured motorists: 14.1%
- Average vehicle repair cost in Texas: $2,434
Texas has been cracking down on uninsured drivers, but many continue to take to the roads. You may want to consider adding uninsured/underinsured motorist coverage to your policy. That way, if you are sideswiped by an uninsured driver while driving down the George W. Bush Parkway, you can be sure that any ensuing medical bills or property damage will be covered.
Number of Thefts in Texas
- National vehicle thefts (per 1,000 registered vehicles): 2.28
- Texas vehicle thefts (per 1,000 registered vehicles): 2.43
While Texas as a whole has a slightly high car theft rate, Waco is much safer than the state’s larger cities. Recently, residents in this small Texas city reported only 205 auto thefts. This equates to only 1.57 thefts per every 1,000 registered vehicles, which is less than half the national average. Despite these lower-than-average numbers, residents of this city should keep their vehicles locked and secured when not in use. Another important measure is to carry comprehensive coverage, which will cover the cost of a stolen vehicle.
Compare Waco Auto Insurance Quotes
Most insurance professionals advise consumers to see a minimum of three different policy quotes before selecting an insurance policy. An independent agent in the Trusted Choice network can simplify the process of comparison shopping by doing the legwork for you. Independent Agents have relationships with several different insurance companies so they can quickly provide you with a selection of competitively priced policies that meet your coverage needs.
A local agent can help you compare the coverage offered by each policy so that you can make an informed decision. These agents are also readily available to answer any insurance-related questions and provide policy changes both now and in the future. You can even turn to a member agent for assistance if you need to file a claim.