Texas Car Insurance Minimum Requirement by Law
As per the Department of Public Safety in the state requires a minimum of 30/60/25 as explained below:
- $30,000 coverage for all types of bodily injury suffered by one individual in one accident
- Bodily injury suffered by two or more people is $60,000. The amount is the same for deaths of two or more people caused by one accident
- Damage to property or injury to others in one accident is $25,000.
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Best Car Insurance Companies in Texas and Rates Offered
The cheapest car insurance rates in the state is provided by Geico Insurance followed by Farmers Insurance. But the major players are State Farm, Progressive and Farmers insurance in order.
Company | Annual premium (50/100/50) | Market share | Complaints |
---|---|---|---|
Geico | $350 | 6.00% ($1,151,485,019) | 1 |
Farmers | $385 | 7.98% ($1,530,613,603) | 2 |
State Farm | $390 | 16.03% ($3,074,590,659) | 119 |
Allstate | $495 | 7.38% ($1,416,050,038) | 4 |
Liberty Mutual | $550 | 4.36% ($836,938,040) | 64 |
Progressive | $660 | 8.75% ($1,678,264,745) | 0 |
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Insurance Agents in Magnolia, TX and Near by
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3.68 miChris Burns829 Magnolia Blvd, Magnolia, TX 77355(281) 252-4023View |
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3.68 miMark Davidson18802 Fm 1488 Rd, Magnolia, TX 77355(281) 356-3951View |
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3.68 miMagnolia Independent Insurance18904 Fm 1488 Rd # 306, Magnolia, TX 77355(281) 259-1800View |
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3.68 miBlasingim Insurance Agency31806 Pine Xing, Magnolia, TX 77355(281) 356-1914View |
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3.68 miPatricia Brautigam1010 S Magnolia Blvd Ste F, Magnolia, TX 77355(281) 356-6868View |
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3.68 miTWFG Insurance Services - Sherri Young1010 S Magnolia Blvd Ste A, Magnolia, TX 77355(713) 417-6730View |
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3.68 miEssential Insurance Group38900 Fm 1774 Rd, Magnolia, TX 77355(281) 356-4145View |
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6.01 miLowery Insurance Agency824 Virgie Community Rd Ste 100, Magnolia, TX 77354(281) 356-1506View |
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6.01 miJestin Clark28030 Fm 2978 Rd Ste 102b, Magnolia, TX 77354(832) 562-3212View |
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6.01 miChristian Insurance Agency710 Melton St Ste A, Magnolia, TX 77354(281) 789-4070View |
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6.01 miChris Stone Insurance Agency18230 Fm 1488 Rd Ste 322, Magnolia, TX 77354(281) 324-0990View |
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6.01 miPatrick Graham30340 Fm 2978 Rd Ste 600, Magnolia, TX 77354(832) 482-3300View |
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6.01 miDavid Turnage10540 Fm 1488 Rd Ste 170, Magnolia, TX 77354(281) 789-7171View |
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6.01 miJeffrey Ward10540 Fm 1488 Rd, Magnolia, TX 77354(832) 559-2500View |
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6.01 miKeith Sacchieri9311 Fm 1488 Rd Ste 30, Magnolia, TX 77354(281) 356-1988View |
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6.01 miDamon Mitchell29135 Fm 2978 Rd, Magnolia, TX 77354(281) 376-3161View |
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6.01 miTWFG Insurance Services - Christopher Hawkins29101 Fm 2978 Rd Ste B008, Magnolia, TX 77354(713) 545-9870View |
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6.01 miQori Waqif32903 Tamina Rd Ste A, Magnolia, TX 77354(713) 575-3728View |
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6.01 miStokes Insurance Agency33014 Tamina Rd, Magnolia, TX 77354(281) 259-5533View |
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6.01 miRonald Bridges33018 Tamina Rd, Magnolia, TX 77354(281) 351-1400View |
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6.01 miTWFG Insurance Services - Chris Jenkins33018 Tamina Road, Magnolia, TX 77354(281) 410-8934View |
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6.01 miPatricia Cooper Insurance Agency7424 Fm 1488 Rd Ste B, Magnolia, TX 77354(281) 356-9955View |
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6.01 miCommunity Insurance Associates6910 Fm 1488 Rd Ste 4, Magnolia, TX 77354(281) 356-8013View |
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6.01 miBreckley Glass32903 Westwood Square East Dr, Magnolia, TX 77354(713) 478-7250View |
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6.01 miDanny Cortez32811 Fm 2978 Rd, Magnolia, TX 77354(281) 259-6100View |
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6.01 miMarty Nelson32823 Fm 2978 Rd # C, Magnolia, TX 77354(281) 252-4600View |
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6.01 miMichael Matlock814 Honea Egypt Rd Ste 102, Magnolia, TX 77354(936) 703-2981View |
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6.01 miKent McGill32731 Egypt Ln Ste 703, Magnolia, TX 77354(281) 367-3904View |
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6.01 miTWFG Insurance Services - Michael A Crafts Insurance Agency32731 Egypt Ln Ste 802, Magnolia, TX 77354(281) 310-5680View |
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6.01 miBrian Arceneaux6446 Old Fm 1488 Rd, Magnolia, TX 77354(281) 252-3276View |
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6.01 miAxs Health Insurance Agency6114 Fm 1488 Rd, Magnolia, TX 77354(936) 647-4181View |
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6.01 miProdigy Insurance Group6110 Fm 1488 Rd Ste 100, Magnolia, TX 77354(281) 354-4500View |
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6.01 miTom Hardin5327 Fm 1488 Rd Ste D, Magnolia, TX 77354(281) 252-9333View |
Learn More About Car Insurance in Magnolia, TX
Helpful Info on Texas Car Insurance
Here is a list of useful information regarding Texas car insurance and driving in Texas roads.
Total vehicles registered | 24,527,939 |
Total uninsured motorists | 14.1% |
Estimated economic loss of all vehicle crashes | $38.4 billion |
Sources: uninsured motorists, 2015, crash report, 2018
Different car insurance coverage options available in Texas
There are different coverages to protect your family and your car in the event of an accident. It is always better to have enough coverage to not incur any loss in such scenarios. Below is a list of coverages available in Texas state.
- Liability covers for the payment to other car driver and car met by accident caused by you. Texas law requires you to have at least 30/60/25 coverage. This will cover for injuries $30,000 per person and $60,000 per accident. It also covers for property damage up to $25,000. It is better to have enough coverage than just having the minimum required 30/60/25 coverage to make sure all the losses are covered with your insurance.
- Collision covers for the expenses on your car caused by accident.
- Comprehensive covers your car cost if your car is stolen or damaged by fire, flood, vandalism.
- Medical payments cover your's and your passenger's medical bills
- Personal injury protection (PIP) coverage is similar to medical payments coverage but also covers for the loss of pay and other non-medical expenses caused by accident.
- Uninsured/underinsured motorist covers for the damage to you and your car caused by an uninsured or underinsured motorist. This is required in Texas, but you can opt-out from this coverage.
- Towing and labor covers for the pay for towing your car and labor cost.
- Rental reimbursement covers the payment for rental car service used when your car which had an accident is being repaired.
Methodology
The insurance rates mentioned in this article is based on the average amount for a 30 year old female purchasing 50/100/50 ($50,000 for injury liability for one person, $100,000 for all injuries and $50,000 for property damage in an accident) liability car insurance coverage. The premium rate can be higher or lower than the rates specified depending on the type of coverage one may choose, deductibles applied and the discounts offered by insurance company.