With basic coverage plans costing an average of $662 per year and full coverage policies costing an average of $2,093, comparing the best prices from different carriers is a smart strategy. This is especially noteworthy given that the national average for full coverage auto insurance is $1,674, implying that McAllen drivers pay more. Even the statewide average is $1,823, demonstrating how much higher rates can be in McAllen.
Despite the higher averages, Geico, USAA, State Farm, Mercury, and Allstate are just a few of the providers that give the best coverage at the lowest prices while also providing other benefits. All five of these carriers have received at least an A rating from AM Best, indicating their financial stability. For complete policy management, each of these five carriers provides a complete digital experience, including online portals and highly functional mobile apps.
Insurance requirements in McAllen
Texas has rules requiring drivers to have minimum insurance coverage. This includes the required liability coverage of 30/60/25 for each driver:
$30,000 per person for bodily harm liability
$60,000 per accident for bodily injury liability
Property damage liability is $25,000 per accident.
However, acquiring simply the bare minimum of liability insurance may put you in a risky financial position. If you're in a multi-car, multi-injury accident and it's determined that you're at blame, the bare minimum may not be enough to cover the costs per accident. If you don't have enough bodily injury or property damage liability, you may be forced to pay for bills out of your own pocket or face a lawsuit.
McAllen car insurance discounts
One strategy for lowering the cost of vehicle insurance in McAllen is to take advantage of as many discounts as possible. Although discounts differ by carrier, the majority provide large savings with little effort, such as:
Multi-policy: If you bundle your auto insurance with the same company that insures your renters, condo, or homeowners, you might save a lot of money.
You may be eligible for further discounts if your vehicle is equipped with safety features such as airbags, anti-lock brakes, or daytime running headlights.
Safety features: If your vehicle has safety features such as airbags, anti-lock brakes, or daytime running headlights, you may be eligible for additional savings.
Multi-vehicle: If you have more than one vehicle in your household, inquire about the additional savings you could receive by simply insuring all vehicles at once.
Claims-free: Keep your tickets and accidents to a minimum, and you could save the most money by not filing claims. Many carriers reward drivers with lower premiums if they have no claims on their record.
Discounts are one of several ways to save money on McAllen car insurance. Another strategy is to pit two or more carriers against each other. Obtaining quotes from various carriers provides you with an accurate picture of how much you can save by simply selecting one carrier over another. It also allows you to compare which coverage options are best for you and any other information relevant to your carrier selection.
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