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Texas law states that every driver, including Midland residents, must purchase a minimum amount of car insurance in order to legally operate a motor vehicle on state roadways. Prices for car insurance in Midland, Texas, can vary from one driver to the next, depending on a driver’s age and other factors.
Texas Car Insurance Requirements
According to The Zebra, Texas drivers must carry a minimum amount of liability insurance and have proof of coverage whenever they get behind the wheel. To meet state requirements, Midland drivers should make sure their policies include:
- Bodily Injury Liability: $30,000 per person/$60,000 per accident.
- Property Damage Liability: $25,000 per accident.
As The Zebra notes, if you’re paying off an auto loan or leasing your vehicle, your lender will likely require you to carry collision and comprehensive coverage. Also, Texas’s minimum requirements may not be enough to pay for all the repairs and medical care that are necessary after a serious accident. You may want to consider increasing your liability limits. Otherwise, you’ll have to pay out of pocket for expenses exceeding your coverage.
How Much Do Midland Drivers Pay For Car Insurance?
The Zebra reports that Midland drivers pay, on average, $1314 a year for car insurance. That’s less than both the statewide average of $1415 and the nationwide average of $1548. Midland drivers are able to take advantage of lower rates because they spend less time on the road than drivers across the country. According to Cheap Car Insurance, the average commute time in Midland is around 18 minutes, which is seven minutes faster than the national average. Milder weather and well-maintained roads also factor into lower insurance rates for Midland drivers.
What Factors Affect Individual Insurance Rates?
Depending on your personal profile, you could end up paying higher or lower premiums for car insurance than the average Midland driver. The Zebra recommends that you shop around because each insurance company has its own formula for determining rates. Here is what some of the leading providers in Midland charge on average:
- State Farm: $1140 a year.
- GEICO: $1165 a year.
- USAA: $1184 a year.
- Allstate: $2051 a year.
A driver’s age has a significant impact on car insurance rates. That’s because the insurance industry equates age with experience and responsibility. Midland drivers between the ages of 50 and 59 pay the lowest rates on average, while teen drivers pay the highest rates. The Zebra provides a breakdown of insurance rates paid by each age group:
- Ages 16 to 19: $3253 a year.
- Ages 20 to 29: $1703 a year.
- Ages 30 to 39: $1291 a year.
- Ages 40 to 49: $1253 a year.
- Ages 50 to 59: $1125 a year.
- Ages 60 to 69: $1151 a year.
- Ages 70 to 79: $1391 a year.
When calculating an insurance quote, a provider will also factor in your gender and marital status. Because male drivers are responsible for more accidents, they usually pay higher rates. Single drivers pay more than drivers who are married because the data shows they are more likely to file insurance claims. Here’s what you can expect to pay, depending on your gender and marital status:
- Female Drivers: $1290 a year.
- Male Drivers: $1314 a year.
- Single Drivers: $1215 a year.
- Married Drivers: $1116 a year.
- Divorced Drivers: $1314 a year.
- Widowed Drivers: $1189 a year.
If you really want to keep your insurance costs low, The Zebra suggests that you maintain a clean driving record. At-fault accidents, DUIs, and other violations are sure to trigger a rate increase. Drivers with poor driving records can expect to pay the following rates for specific violations:
- DUI/DWI: $2011 a year.
- Reckless Driving: $1994 a year.
- At-Fault Accidents (with damages under $1000): $1637 a year.
- At-Fault Accidents (with damages over $2000): $1963 a year.
- Speeding Ticket (speeds exceeding the speed limit by 16 to 20 mph): $1429 a year.
Maintaining a good credit history can also help you qualify for lower car insurance rates. If you’re a Midland driver with a “Very Poor” credit rating, you can see your insurance rates decrease by 60 percent if you move up to the “Exceptional” tier. Even improving your rating from “Very Poor” to “Fair” can earn you significant savings. Here are average rates Midland drivers pay depending on credit ratings:
- Poor (300 to 579): $2752 a year.
- Fair (580 to 669): $1633 a year.
- Good (670 to 739): $1314 a year.
- Very Good (740 to 799): $1222 a year.
- Exceptional (800 to 850): $1090 a year.
Finally, your insurance provider will analyze your ZIP Code. If you live in a ZIP code that has a high rate of car thefts and acts of vandalism, as well as a large population of uninsured drivers, you can count on paying higher rates. SmartFinancial provides a breakdown of average car insurance rates by ZIP Code:
- 79701: $1285 a year.
- 79702: $494 a year.
- 79703: $1252 a year.
- 79705: $1213 a year.
- 79706: $1356 a year.
- 79707: $1220 a year.
- 79711: $488 a year.
- 79712: $3416 a year.
Car Insurance Discounts For Midland Drivers
Even if you’re in a high-risk group, you can save money on car insurance by qualifying for discounts. Cheapest Auto Insurance suggests you look into the following discounts when shopping for car insurance:
- Safe Driver Discount: Many insurance companies offer a safe driver discount to drivers who maintain a clean driving record. Some providers also offer discounts to drivers who are willing to track their driving habits with a telematics device or smartphone app.
- Bundling Discount: If you add all your household’s vehicles to your policy or bundle your car insurance policy and your homeowner’s insurance policy with the same provider, you should qualify for this common discount.
- Renewal Discount: When it’s time to renew your policy, ask your provider if they offer a renewal discount. If they don’t, it might be time to start shopping around for a policy with lower rates.
As you can see, there’s a lot that goes into how much an individual pays for car insurance. By shopping around and inquiring about discounts, you can find the best rates possible in Midland, Texas.
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