Cheapest and Best Car Insurance Companies in Odessa, TX for 2023

Famous for its football, oil rigs, and grass prairie, Odessa is also home to thousands of cars, trucks, and other motor vehicles. Odessa car insurance shoppers are always interested in finding the cheapest auto insurance combined with the best quality coverage. If that includes you, you’ve come to the right place.

In this review, we’ll point you in the right direction to find not only the cheapest overall (Farmers) but also the cheapest for full coverage (GEICO), the cheapest if you have driving violations (State Farm), the cheapest if you have bad credit (Nationwide), and the cheapest for teen drivers (USAA).

Cheapest Overall Rates In Odessa

Cheapest Full Coverage In Odessa

Cheapest Teen Driver Rates In Odessa For A Single 17-Year-Old Male

Cheapest Insurance Coverage For Drivers With Bad Credit

Cheapest Insurance Coverage For Drivers With Driving Violations

Average Cost Of Auto Insurance In Odessa

Average Cost In Odessa– By Age

Average Cost In Odessa – By Gender

Average Cost In Odessa – By Marital Status

Average Cost In Odessa – By Accident And Violation History

Average Cost In Odessa – By Credit Tier

Average Cost In Odessa – By Zip Code

Minimum Car Insurance Requirements In Texas

As you shop for auto insurance, keep in mind the minimum insurance coverage required in Texas:

• Bodily injury liability per person: $30,000
• Bodily injury liability per accident: $60,000
• Property damage liability per accident: $25,000
• Personal injury protection: $2,500 (automatically provided with liability insurance)

This is the minimum coverage required in Texas. You may want higher limits and add collision insurance and comprehensive insurance depending on your vehicle and how much time you spend on the road.

How To Buy Car Insurance In Odessa

Buying auto insurance in Odessa doesn’t have to be time-consuming or complex once you decide whether to take the traditional route of shopping for insurance by working with an agent or shopping online. Whichever you choose, following these steps will save you time and money.

Do Your Information Gathering

Before you call a local agent or buy a policy online, gather up this information they’ll be asking you for to give you an accurate quote:

• Name and birthdate of everyone who will be on the car insurance policy
• Driver license numbers for each person to be covered
• Facts about the car: make, model, vehicle identification number, safety features, current odometer reading, annual miles driven
• Driving records & history for all drivers, including tickets, accidents, or any other violations
• Your current insurer, if applicable, and your current coverage limits

Determine Your Coverage Needs

Make sure you know how much coverage you need. If you’re unsure, use the Texas minimum auto insurance requirements:

• Bodily injury liability per person: $30,000
• Bodily injury liability per accident: $60,000
• Property damage liability per accident: $25,000
• Personal injury protection: $2,500 (automatically provided with liability insurance)

If you’re still unsure how much coverage you need, you may want to work with an agent who can help you determine what you need.

Choose Your Buying Method

There are a couple of ways to buy the cheapest auto insurance in Odessa.

First, you can work with an insurance agent. There are several different types of agents to choose from. Captive agents work for only one insurance company (Nationwide, State Farm, etc.), insurance brokers that represent more than one company (i.e., Progressive, Geico), and specialty agencies that can help if you have a poor driving record, such as having had recent accidents, DUIs, tickets, or lapses in coverage.

The other way to buy auto insurance in Odessa is to buy it directly from the insurer online. You won’t have to speak with an agent if you buy this way; you simply enter your information, and you’ll get a quote(s) with all of your car insurance policy options and pricing.  You can then complete the application online.

Either buying method will work; it just depends on whether you want to interact with an agent or representative of the different companies you get quotes from.

Compare Companies

When buying auto insurance, get quotes from at least three companies before deciding which company and coverage are best for you. When comparing prices, make sure you compare apples to apples and get quotes for the same coverage limits.

After you get your quotes, check how many consumer complaints have been filed against the insurer by visiting the National Association of Insurance Commissioners website.

Buy Your New Policy And Cancel Your Old One

If you’re buying a new car, don’t drive off the lot without having auto insurance. If you’re replacing coverage on an existing vehicle, contact your former insurer and cancel the auto policy once your new coverage takes effect. You should receive a refund minus any cancellation fee if there is any unused premium.

Factors That Impact The Cost Of Your Auto Insurance Policy In Odessa

Insurance providers use many factors to arrive at your cost of auto insurance in Odessa, such as:

• State requirements: your car insurance policy must have at least the minimum coverage required by the state of Texas.
• Your age: car rates can vary by as much as 350% based on age. Younger drivers will pay the most due to inexperience and their frequency of accidents. Rates will begin to drop after age 25.
• Car make and model: the safer your vehicle, the lower your rates will be. For example, it will cost you at least twice as much to insure a Tesla than a Chevy Malibu with a 4-cylinder engine.
• Your driving record: accidents and traffic violations can cause your auto insurance rates to more than double because you’re a more considerable risk to the insurer.
• Yearly mileage: people with a long commute will pay more than those who only drive for leisure.
• Credit history: the better your credit score, the lower your rates will be since insurers see you as being more responsible and less of a risk than someone with poor credit.
• Zip code: depending on where you work and park your car at night, you might get a discount or a rate increase, depending on the likelihood of your vehicle being damaged.
• Marital status: married drivers get lower rates because they are less expensive to insure than single drivers.
• Gender: men around age 45 pay an average of 6% lower than females the same age, but the gender gap evens out for drivers in their 30s.

Texas Car Insurance Laws To Know

Drivers in Texas are required to have a minimum coverage of 30/60/25 in liability insurance.

Texas is not a no-fault state. Texas’ auto laws allow injured accident victims to hold liable parties accountable for the damages they cause. If the other driver doesn’t have enough coverage to cover your expenses, you can then file a car accident lawsuit to recover the difference.

In The News

According to the Dallas Morning News, People across Texas are already facing financial headaches due to higher costs across the board, with the highest inflation in 40 years.

But they are also dealing with the highest annual increase in auto insurance rates in at least 20 years.

Auto insurance rates in Texas soared an average of 23.8% in 2022, eight times higher than in 2021 and the highest annual increase in at least 20 years, according to the Texas Department of Insurance. In addition, homeowners insurance rates in Texas rose an average of 10.8% last year, the highest annual gain since 2012.

Information About Odessa

The city of Odessa is situated in the magnificent plains of Western Texas along the southwestern edge of the Llano Estacado. Named after the landscape-resembling Odessa in Ukraine, the Odessa of Ector (and partly Midland) County provides a true football and cowboy-loving atmosphere while still keeping up with modern-day architecture and culture.

Odessa is the county seat of Ector County and is said to be a quiet and welcoming city that went from a railroad stop for the Texas and Pacific Railway in 1881 to a well-known home of major oil fields in 1926– including the Permian Basin. Despite being 100 miles away from big cities, Odessa still offers residents plenty of outdoor parks, hotels, cultural restaurants, farms, and museums.

Auto Insurance Discounts In Odessa

Car insurance in Odessa is less expensive than in many urban Texas locations, but shopping for discounts is important if you want to cut costs. The most common discounts you can get are for the following:

• Good driving history
• Vehicle safety features
• Customer loyalty
• Being claims-free
• Low mileage discount
• Good student discount
• Military discount
• Senior discount