Best cheap car insurance in McAllen for 2021

exas has approximately 16 million licensed drivers, and all are required to carry minimum amounts of insurance. If you are a resident of McAllen, you are paying an average of $662 per year for minimum coverage or $2,093 for full coverage — well above the national average of $1,674 for a full policy. If you are looking for the best cheap insurance rates in McAllen, one of the most useful strategies is to compare multiple carriers.

Bankrate examined several national and regional carriers to evaluate customer service ratings, financial strength, premium rates and discounts to determine the best car insurance companies in McAllen.

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Best car insurance companies in McAllen
There are several car insurance companies in McAllen offering both cheap, competitive rates for premiums and other advantages for drivers. Third-party ratings, such as the J.D. Power survey for overall customer satisfaction, and financial ratings with AM Best are equally important to consider, in addition to the cost of premiums.

Insurance company Geico USAA State Farm Allstate
J.D. Power customer satisfaction score 832 / 1,000 879 / 1,000 838 / 1,000 836 / 1,000
Average annual premium for minimum coverage $487 $512 $611 $611
Average annual premium for full coverage $1,491 $1,490 $1,470 $2,085
Geico has provided auto insurance coverage for over 75 years and is now the second-largest auto insurance provider in the U.S. Geico offers the standard coverage options, but it is somewhat limited by the number of add-on options available. One option available is mechanical breakdown coverage. This provides coverage for the high out-of-pocket costs associated with repairs for a vehicle, similar to an extended car warranty policy.

Cheapest car insurance in McAllen
With drivers in McAllen paying an average of $662 per year for minimum coverage and $2,093 for full coverage policies, comparing the cheapest rates among multiple carriers is a useful strategy. This is especially true considering the national average for auto insurance is $1,674 annually for full coverage, which means drivers in McAllen are paying more. Even the average of all Texans is $1,823, further highlighting how much more premiums can cost in McAllen.

Despite the higher averages, Geico, USAA, State Farm, Mercury and Allstate are all examples of carriers offering the cheapest rates for coverage, while offering other advantages. All five of these carriers are rated with at least an A rating through AM Best, solidifying the financial strength of each one. Each of these five carriers offers a complete digital experience, including online portals and highly functioning mobile apps for complete policy management.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $487 $1,491
USAA $512 $1,490
State Farm $611 $1,470
Mercury $647 $2,057
Allstate $700 $2,085
McAllen insurance requirements
Texas has laws requiring minimum insurance requirements for drivers. This includes 30/60/25 in required liability coverage for each driver:

$30,000 for bodily injury liability per person
$60,000 for bodily injury liability per accident
$25,000 for property damage liability per accident
However, only purchasing the minimum liability may leave you in a vulnerable financial situation. For example, if you are involved in a multi-car, multi-injury crash and it is ruled your fault, the bare minimum may not be enough to cover the expenses per accident. If you do not have enough bodily injury or property damage liability, you could be expected to cover expenses out of your own pocket or potentially be sued for damages.

Author: Donna Woods

  • 6+ years of experience in financial analysis
  • 5+ years of experience as a writer, published author, editor, and screenwriter