SOURCE: InsWeb Corporation

InsWeb Corporation

January 27, 2011 08:36 ET

InsWeb: Texas Median Auto Insurance Rate Now $686 per Household

SACRAMENTO, CA--(Marketwire - January 27, 2011) - The median six-month auto insurance rate in Texas has decreased approximately 7.5 percent over the last 12 months to reach $686 according to InsWeb (NASDAQ: INSW), a leading online insurance comparison provider.

InsWeb also reported Texas median auto insurance rates segmented by specific demographic groups. These include:

Demographic Group Median Six-Month Rate
Men $715
Women $656
Age Group: 19 and younger $1,489
Age Group: 20 to 24 $925
Age Group: 25 to 29 $680
Age Group: 30 to 39 $668
Age Group: 40 to 49 $661
Age Group: 50 to 59 $618
Age Group: 60 to 74 $649
Age Group: 75 and older $661

Additional rate statistics:

  • Over the same 12-month period, the national median auto insurance rate has declined approximately 3.3 percent to reach $680.

  • A household that pays the Texas median rate of $686 and earns the Texas household median annual income of $41,118 pays approximately 3.3 percent of its gross income for car insurance. According to InsWeb's car insurance affordability index, Texas is the 29th most affordable state in which to insure a vehicle. Currently, Minnesota is the most affordable state with an affordability factor of 2.3 percent, while Louisiana is the most expensive with a factor of 6.7 percent.

  • Men in Texas pay a median auto insurance rate that is almost 9 percent higher than the rate paid by women. 

  • Drivers in Texas 19 years of age and younger pay a median auto insurance rate that is more than double the rates paid by every other age segment except those ages 20 to 24.

Texas drivers who want to learn more about saving on their auto insurance and compare online insurance quotes from leading national providers can visit InsWeb.com.

About InsWeb
InsWeb Corporation (NASDAQ: INSW) owns and operates a network of leading insurance marketplace and education websites. Founded in 1995 and headquartered in Sacramento, California, InsWeb's primary properties include InsWeb.com, InsuranceRates.com, LocalInsuranceAgents.com, and AgentInsider.com. InsWeb has invented multiple e-commerce and online insurance distribution technologies and owns the following patents: 6,898,597; 7,107,325; 7,389,246; 7,640,176 and 7,707,505.

About InsWeb's Median Rate Data
To determine median car insurance rates, InsWeb uses a proprietary system that tracks the rates of multiple insurance carriers in each state. Rates are based on actual customer profiles that can include multiple drivers, multiple vehicles and other variables.

For more information, please contact InsWeb.

Contact Information

  • Media Contact:
    Jonathon D. Tudor
    InsWeb Corporation
    (916) 853-3386
    Email Contact