Shop Car Insurance Rates in Lewisville Texas

Insurance companies use a process called underwriting to decide whether to sell you a policy and how much to charge you. The amount you pay for insurance is called a premium.

Flower Mound Auto Insurance Chart Comparison

How Much Does Lewisville TX Auto Insurance Cost

The following tables only show an average of the premiums paid in Lewisville, Texas; it gives a general idea of what you could expect to pay monthly for your insurance.

Average Monthly Auto Insurance by Age

Age Range

Av. Premium

Under 18

$201

18-24

$97

25-34

$60

35-44

$53

45-54

$50

55-64

$47

65+

$49

Average Monthly Auto Insurance by Vehicle

Vehicle Age

Av. Monthly Premium

Less than 1 Year

$57

2-3 Years

$62

4-5 Years

$58

6-7 Years

$62

8-10 Years

$65

11-14 Years

$68

15 Years or older

$67

Average Monthly Auto Insurance by Carrier

Rank

Company

Av. Monthly Rate

1

Allstate

$65

2

Progressive

$72

3

Kemper

$87

4

Travelers

$99

5

Bristol West

$104

6

Safeco

$117

7

Infinity

$141

8

Gainsco

$153

9

Others

$167+

Average Monthly Auto Insurance by Housing Status

Housing Status

Av. Monthly Premium

Own

$53

Rent

$65

Live with parents

$94

Average Monthly Auto Insurance by Relationship Status

Relationship

Av. Monthly Premium

Single (never married)

$69

Married

$54

Divorced

$52

Widowed

$49

Average Monthly Auto Insurance by Driving Record

Infractions

Av. Monthly Premium

1 accident

$77

Multiple accidents

$84

1 Ticket

$74

Multiple tickets

$108

Why is Texas Auto Insurance So Costly?

If you observe that your auto insurance rates are progressively rising, you are not the only one. Generally, car insurance rates have amplified for everyone in the past few years. An analysis reveals the following things might be contributing towards it:

  • Population density: After California, Texas is the second most populated state in the United States. So, majority of the people are residing in metropolitan areas that are fairly close to each other. The urban public in the United States accounts to be 80% of the population, while in Texas it is 84%. In general, metropolitan regions tend to pay more than rural areas for the car insurance. The reason is that there is greater driving risk in larger cities due to congested traffic, high risk of robbery and vandalism.
  • More accidents: As metropolitans have a higher population, it implies more road traffic. In 2017, Texas recorded the greatest number of fatal accidents compared to other states. More accidents result in more claims, so insurance companies must account for these risks.
  • High speed limits: Texas is known to have the fastest highway in the nation with an 85 MPH speed limit. Besides, it also has the hastiest average allowable speed of 75 MPH. Hence, it helped relieve traffic congestion between Austin and San Antonio. As the speed limits are high, the probability of accidents is also greater, that leads to greater liability payments from insurance companies.
  • Uninsured drivers: The number of uninsured motorists in Texas is somewhat higher than the nationwide average. Almost 15% of the drivers drive without insurance even though it is obligatory in Texas, this impacts insured motorists and their rates as insurance companies face a greater risk of people filing uninsured drivers’ claims.
  • Long travel time: A substantial percentage of Texans drive long distances to their workplaces and spend a lot of time in traffic. In Houston, more than 72% of the people drive to work with an average travel time of 26 minutes.
  • Driving trends: Matched to other states, Texan residents are required to drive more. The drivers in metropolitan and rural regions opt for more car trips and have to drive more miles per capita. The more you drive, the greater insurance premium you have to pay. Greater time spent on roads mean that there is higher opportunity for a car accident.
  • Higher minimum requirements: In Texas, the liability coverage is needed. If you are responsible for an accident, the liability coverage pays for the repairs for your car and other person’s car. Moreover, the medical expenditures are also covered. You must have at least $30,000 coverage for injuries per individual, $60,000 for injuries per accident, and $25,000 of coverage for property damage.
  • Natural disaster: Texas is listed among top states of the US that are susceptible to natural disasters like storms, tornadoes, hurricanes, floods, and wildfires. After the Hurricane Harvey in 2017, auto insurance rates spiked by 8%. While it was also due to the factors mentioned above, the likelihood of natural disaster was also a major contributor.

The factors that each company will assess include, but are not limited to the following:

  • Your age/experience driving.
  • Where you live.
  • Your driving record.
  • Your claims history.
  • The type of vehicle you need to insure.
  • The coverage options you select and your deductible.

What are the types of auto Insurance coverages?

So, when you talk about auto insurance coverages, there are eight basic types to choose from:

  1. Liability Coverage

This coverage pays for the damage caused to another person’s car or property. It also includes drivers’ and passenger’s medical charges and other expenses. According to the law in Texas you need to have at least $30,000 coverage for damage per person, up to $60,000 for every encounter, and $25,000 compensation for property damage.

  1. Collision Coverage

Collision coverage is required to repair or replace your vehicle after an accident.

  1. Comprehensive Coverage

Comprehensive coverage compensates you when your vehicle is damaged by other events besides a car accident. For example, this type of coverage could cover hail damage from a storm, theft, a break-in, among other things.

  1. Medical Payment Coverage

Medical payment covers you or your passengers’ medical expenses in case you are injured in a car accident, whether you caused it or not.

  1. Personal Injury Protection (PIP)

Like the medical payment coverage, personal injury protection covers for your and other passengers’ medical expenses. Furthermore, it provides compensation for lost wages or other non-medical expenses.

  1. Uninsured Motorist Coverage

This coverage will protect you in case you have an accident with a driver without insurance or who does not carry enough liability to compensate for your medical expenses and vehicle repairs This type of coverage will also be helpful in a hit-and-run situation.

  1. Towing and Labor Coverage

This is an optional coverage you can add to your policy. It will cover for the costs of your car being towed if it cannot be driven. It also pays for the expenses required to replace a punctured tire, deliver gas/oil, or kick-start your car battery.

  1. Rental Reimbursement Coverage

This coverage compensates for the price of renting a car if yours is under repair after an accident. Some companies will also reimburse expenses for taxi services.

Am I covered if I am driving a borrowed car?

If you are involved in an accident while driving a borrowed car, the car owner’s insurance policy would cover for the damage or expenses. However, if the owner does not possess insurance or does not have enough funds to pay for the damages, your policy might cover for it.

If you don’t possess a vehicle and borrow one for driving, a non-owner liability policy is the best option for you. It will cover you for any injuries and/or damages you cause to other individuals while driving the borrowed car. So, whether you borrow the car from the repair shop, the liability insurance will cover for the car damages and even pay for the medical expenses of people hit in the accident.

Can insurance companies deny coverage or claims?

There are some reasons why an insurance company can deny coverage or reject renewing your existing policy. Some reasons are:

  • Non-payment of premiums
  • You committed fraud or provided false information during the application process
  • You did not provide required documentation on time
  • You are listed as an excluded driver
  • You have made a fraudulent claim

Zip Codes in Lewisville, TX That We Insure

75077

75010

75027

75028

75029

75056

75057

75065

75067

75077

There are eight basic auto insurance coverages. You can choose whether to buy the others.

Liability coverage pays to repair the other driver’s car if you caused the accident. It also pays the other driver’s and his or her passenger’s medical bills and some other expenses. Texas law requires you to have at least $30,000 of coverage for injuries per person, up to a total of $60,000 per accident, and $25,000 of coverage for property damage. This is called 30/60/25 coverage. Think about buying more liability coverage. The minimum liability limits might be too low if you cause a multi-vehicle accident or the other driver’s car is totaled. If you don’t have enough liability coverage to pay for the damages and injuries you cause, you might have to pay the rest out of your own pocket. The other driver could sue you.

Collision coverage pays to repair or replace your car after an accident.

Comprehensive (other than collision) coverage pays if your car is stolen or damaged by fire, flood, vandalism or something other than a collision.

Medical payments coverage pays your and your passengers’ medical bills. It also pays if you’re hurt while riding in someone else’s car or while walking or biking.

Personal injury protection (PIP) coverage is similar to medical payments coverage. It pays your and your passengers’ medical bills. But it also pays for things like lost wages and other nonmedical costs. All auto policies in Texas include PIP coverage. If you don’t want it, you must tell the company in writing.

Uninsured/underinsured motorist coverage pays if you’re hit by someone who didn’t have insurance or didn’t have enough to pay your medical and car repair bills. It also pays if you’re in a hit-and-run accident. Insurance companies must offer you this coverage. If you don’t want it, you must tell the company in writing

Towing and labor coverage pays to tow your car if it can’t be driven. It also pays for labor to change a flat tire or jump-start your battery.

Rental reimbursement coverage pays for you to rent a car if yours is stolen or being repaired after an accident. Some policies also pay for taxis or ride-hailing services.

lewisvville tx water tower auto insurance

Freedom Insurance Group is Proud to Serve Lewisville, Texas

Knowing you’re protected with the right coverages can bring you peace of mind. Finding the right coverages for the lowest price will deliver the protection you deserve while keeping money in your pocket. Freedom Insurance Group understands and helps find homeowners throughout Lewisville, Texas, the right coverage options for your needs at the lowest cost possible.

We get to know our clients to better understand their needs. Each homeowner’s needs are different and by creating a custom approach to your insurance needs we can prevent gaps in your coverage while saving you the most amount of money.

Our agents work for you by comparing your coverage needs among more than 25 top-rated insurance companies with strong financial ratings and a range of coverage options. By comparing your coverage among multiple brands, we can build a custom coverage option for you and your home that doesn’t break the bank. Contact us today or get a free home insurance quote with only a few clicks of a button.

We also have offices in Lewisville, Texas

Freedom Insurance specializes in the following Texas Insurance Services:

Contact Us

Freedom Insurance Group
3861 Long Prairie Rd Ste 110
Flower Mound, TX 75028
Phone: (972) 798-3769

BUSINESS HOURS

M-F: 8:30 am - 6:00 pm
SAT: 10:00 am- 2:00 pm
SUN: closed

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