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Car insurance in Lewisville, Texas, costs $1422 per year on average. However, certain factors, such as age or gender, might decrease or increase a driver’s auto insurance rates. Read on to learn how these factors influence vehicle insurance premiums in Lewisville.
Table of Contents
- Car Insurance: Lewisville Rates vs. Texas + National Averages
- Lewisville Auto Insurance Costs by Insurer
- Lewisville Auto Insurance Rates by Driver Age
- Lewisville Car Insurance Premiums by Gender and Marital Status
- Average Lewisville Auto Insurance Rates After a Violation or Accident
- Lewisville Auto Insurance Premiums by Credit Tier
- Cheaper Lewisville Zip Codes
- List of Insurance Companies in Lewisville
Car Insurance: Lewisville Rates vs. Texas + National Averages
Lewisville Auto Insurance Costs by Insurer
The insurance companies in Lewisville provide car insurance to their clients at varied prices. That’s why it’s crucial to compare insurance rates before choosing an insurer. GEICO is the insurer that offers the lowest rates in Lewisville.
The average annual vehicle coverage rates in Lewisville insurance companies are:
- GEICO: $1216
- USAA: $1235
- State Farm: $1278
- Allstate: $2353
Lewisville Auto Insurance Rates by Driver Age
Fifty-year-old drivers pay the cheapest car insurance premiums in Lewisville. Many insurers decrease the auto insurance costs of their policyholders as they age. But once a driver reaches retirement, their insurance rates might rise again. The typical car insurance policy for 60-something Lewisville drivers is $1284, about $55 less expensive than the U.S. average for this age group.
In Lewisville, auto insurance for teenage drivers is the most expensive across all age groups. The pay gap between car insurance for teenagers and drivers in their 20s is $2373. The difference between the age groups is even higher than the average cost of car insurance for 20-year-old policyholders alone.
Here are the average yearly insurance premiums for each age group in Lewisville:
- Teenage drivers: $3657
- 20-year-olds: $1849
- 30-year-olds: $1399
- 40-year-olds: $1238
- 50-year-olds: $1238
- 60-year-olds: $1284
- 70-year-olds: $1587
Lewisville Car Insurance Premiums by Gender and Marital Status
Lewisville insurers consider a client’s marital status and gender before quoting them for coverage. The average auto insurance premium for married drivers costs $92 less than the single driver car insurance average. This is because married couples often apply for multipolicy insurance, for which many insurance companies give discounts. Divorced and widowed policyholders sometimes receive lower rates on car insurance than drivers who have never been married.
Gender also affects Lewisville drivers’ car insurance rates. Female drivers spend about $7 less on car insurance than their male counterparts.
Check out the average yearly car insurance costs for Lewisville drivers by gender and marital status, according to The Zebra:
- Male drivers: $1422
- Female drivers: $1415
- Married drivers: $1330
- Single drivers: $1330
- Widowed drivers: $1422
- Divorcees: $1297
Average Lewisville Auto Insurance Rates After a Violation or Accident
One of the most efficient ways to avoid auto insurance rate increases is to avoid violating traffic laws or getting into accidents. Traffic violations such as speeding, DUIs, at-fault accidents, and reckless driving often result in insurance rate increases.
The driving offense that has the highest increase is a DUI. Lewisville insurers require drivers with DUIs to pay an extra fee of about $810 on their annual auto insurance premiums. The second most expensive driving offense is reckless driving, resulting in about a $793 hike per year.
Here are the average annual vehicle insurance premiums for Lewisville drivers with poor driving records:
- DUI: $2232
- Reckless driving: $2215
- At-fault accident (damages worth over $2000): $2164
- At-fault accident (damages worth less than $1000): $1814
- Speeding ticket (16-20 mph above speed limit): $1543
Lewisville Auto Insurance Premiums by Credit Tier
Your credit score is another factor that influences your car insurance rate. Lewisville drivers who have bad credit scores tend to pay expensive auto insurance premiums. Improving your credit tier from Very Poor to Exceptional will earn you a 61 percent reduction in your vehicle insurance premium, says The Zebra.
In addition, you can save money on your auto insurance by moving your credit score from Very Poor to Fair. Lewisville drivers in the Fair credit tier pay about $1235 less in annual car insurance rates than their counterparts in the Very Poor tier. You can move to a higher credit tier by paying your insurance premiums upfront and avoiding outstanding loans.
Here are the average yearly cost of car insurance for Lewisville drivers in each credit tier:
- Very Poor: $3008
- Fair: $1773
- Good: $1422
- Very Good: $1319
- Exceptional: $1169
Cheaper Lewisville Zip Codes
Your zip code affects your car insurance rating. If you live in an area known for theft and other criminal activities, you are likely to face expensive car insurance premiums. You can lower your insurance rates by parking your car in gated garages and installing anti-theft devices in your vehicle.
Always inform your car insurance agent when you take protective measures such as installing anti-theft devices. Your insurer only knows you are protecting your vehicle against theft if you tell them. Lewisville drivers who live in secure locations might enjoy cheap auto insurance prices and discounts.
According to smartfinancial.com, Lewisville drivers who live within the following zip codes pay low monthly vehicle insurance rates:
- 75077: $107
- 75067: $118
- 75057: $111
List of Insurance Companies in Lewisville
The best insurance companies that provide auto insurance services in Lewisville are Travelers, MetLife, Nationwide, Mercury Insurance, Esurance, Kemper Auto, Clearcover, Elephant, General Insurance, and Dairyland, according to compare.com.
Check this out if you need additional information, resources, or guidance on car insurance.
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