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Get Cheap Car Insurance in Waco, KY

We monitor insurance prices, helping the average driver in Waco save up to 29.1% on car insurance.

 

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The Cheapest Minimum Coverage in Waco

The chart below shows the cheapest car insurance company in Waco for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through Farm Bureau, followed by State Farm, Travelers, and Geico.

 
Waco Insurer Monthly Cost
Farm Bureau $60
State Farm $60
Travelers $87
Geico $94

Savings for Every Kind of Waco Driver

The table shows how much the average auto insurance customer in Waco might save by following our recommendations.

Based on our extensive insurance data, we know the average Waco driver will save about 25% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $530 per year by choosing the right vehicle insurance company. Some Waco residents are paying out over $2,099 extra every year for auto insurance in Waco. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Waco, KY Savings / Yr.
Drivers with good records
$530
Drivers with accidents
$869
Drivers with speeding tickets
$856
Drivers with a DUI conviction
$865
Young drivers
$1,713
Married drivers
$573
Drivers with bad credit
$919

Waco Car Insurance vs. Kentucky

People living in Waco pay an average of 1.66% less than the typical driver in the state. The average driver in Waco can expect to pay about $1,081 per year, or $2,099 for full coverage.

Based on our analysis, Farm Bureau will be the cheapest provider in Waco for most people.

Car Insurance Prices by Waco Neighborhood

Waco, KY map of insurance costs by zip code and neighborhood

Insurance Prices

More expensive
Average
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Where is insurance cheapest within Waco?

The map shows insurance prices in and around Waco, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $122 per year within the city boundaries, with insurance premiums ranging from a high of $2,145 to a low of $2,023. Insurance prices tend to be higher for those living in the Northeast area, and lower for those with homes in the West parts of Waco.

Pick the Best Car Insurance Company for You in Waco

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Waco insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Waco

For drivers with clean driving records and no major strikes, Farm Bureau is the best option, with annual savings of $530 over the average Waco car insurance company.

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We use the average good driver, paying $131 per month, as our baseline for pricing in Waco. State Farm, Farm Bureau, and Westfield are all good choices for quotes if you have a clean record. See also the best providers for married people if you are married, and look for repeated company names.

The best car insurance provider for Waco drivers with accidents on their records

In Waco getting into an accident will raise premiums an average 30% for a yearly cost of $3,012. That's $914 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, State Farm, Travelers, and Farm Bureau are good choices for drivers with accidents.

In our analysis, Farm Bureau saved the average person who had been in an accident the most, with annual savings averaging $869 over the competition.

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The best car insurance company for Waco drivers with speeding tickets

>Farm Bureau gave the average person with a speeding ticket the most savings, averaging $856 better than other car insurance companies.

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Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Waco, tickets raise premiums on new quotes about $600. If you have a speeding ticket, we recommend State Farm, Geico, and Farm Bureau for savings that beat the average insurance cost of $2,698 per year.

The best auto insurance for Waco drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $3,401 per year in auto insurance premiums, which was $1,302 more than a driver with no major issues. State Farm, Progressive, and Farm Bureau penalized their customers the least for a DUI.

Getting a quote from State Farm may cost the average person with a DUI about $865 less each year.

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The least expensive car insurance company for new and young drivers in Waco

In Waco, State Farm costs young drivers $1,713 less each year versus the average auto insurance bill.

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Teen drivers account for more than their share of accidents, and thus end up paying about 67% more for insurance than more mature drivers in Waco. With an average cost of $6,371 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Farm Bureau, and Auto-Owners Insurance try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Waco

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $127. State Farm, Geico, and Farm Bureau provided the largest discounts to couples living in Waco.

State Farm gave the largest car insurance discounts to married couples, averaging $573 saved each year compared to an average Waco couple's premiums.

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The cheapest car insurance in Waco for drivers with bad credit

People with poor credit saved an average of $919 with Geico.

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Many people are surprised that their poor credit score can cost them an average of $1,632 every year. Premiums for people with poor credit were about $3,731 in Waco. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from State Farm, Geico, and Safe Auto.

The best Waco car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Waco, the National Association of Insurance Commissioners (NAIC) ranks Nationwide as the best. Another valuable metric: JD Power ranks Farm Bureau as the best provider in Waco.

Nationwide was the best company for customer service in Waco according to the NAIC.

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Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Waco, which was better than other insurers.

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During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Waco. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Waco

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 13% of Waco residents who are renting, and don't plan to be in the city or state for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, State Farm tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Waco driver can expect to pay about $144 per month.

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What About USAA?

JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Waco, USAA has the best prices for drivers with a DUI conviction, drivers with speeding tickets, married couples, drivers with bad credit, drivers with accidents, young drivers, and good drivers.
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Auto Insurance Prices in and Around Waco

What Influences the Cost of Car Insurance in Waco?

On average, car insurance in Waco is actually less expensive than the rest of the state. These low prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the city are influenced by the following factors:

  • The average commute time in Waco is 34 minutes, which is about the national average for a driver in the state.
  • Kentucky state insurance regulations may require higher prices.
  • An average of 0 weeks with snow on the ground, which impacts accident rates.
  • Marriage rates in Waco are among the highest in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are moderate, with a Vehicle Theft Crime Grade of D according to CrimeGrade.org.
  • Waco has an average population density in the state. The city’s density could result in a price decrease for drivers.

As a result of these and other factors, the average cost of car insurance in Waco is $90 per month for minimum coverage and $175 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.

Car Insurance in Nearby Cities

Cities with Similar Populations

* Who is the average Waco driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Waco with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.