Cheapest and Best Car Insurance Companies in Odessa, TX for April, 2024

After thorough research, I believe Farmers offers the best cheap car insurance in Odessa.

min read
Updated: 08 January 2024
Written by
Bob Phillips
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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 And Best Car Insurance Companies In Odessa, TX 2024

Best Cheap Car Insurance, Odessa 2024

Compare The Cheapest Car Insurance Companies In Odessa, TX

Overall Rating Best For J.D. Power Rating Average Annual Cost AM Best Rating Get A Quote
USAA
4.9

Teen Drivers

876

$1,392

A

Instant Quote
GEICO
4.9

Cheapest Full Coverage

824

$969

A++

Instant Quote
Nationwide
4.8

Drivers With Bad Credit

787

$1,754

A+

Instant Quote
Farmers
4.9

Cheapest Overall

809

$656

A+

Instant Quote
State Farm
4.8

Cheapest For Driving Violations

817

$874

A++

Instant Quote
Scroll to see comparisons

Our Methodology

To find the cheapest car insurance rates in Odessa, TX, we analyzed findings from numerous car insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent, ten years as a Texas resident, and over three decades of purchasing auto insurance.

68

Quotes Analyzed

15+

Years Of Industry Experience

32

Brands Reviewed

49+

Research Hours

Cheapest Auto Insurance Companies In Odessa, TX


Cheapest Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage Level

Why We Like Them

Although Farmers’ offers the most affordable auto insurance policies in Odessa, the company is very generous when it comes to offering discounts. Farmers offers several discounts to save money to insureds who have bundled their auto and homeowners insurance policies, have multiple cars insured with the company, have installed an anti-theft system and airbags in the vehicle, have chosen to receive their auto policy digitally, and pay their premium in full at the start of the term.

Farmers also offers several discounts we found unique among the companies we reviewed, including sharing a family car, etching the vehicle’s VIN on glass or other areas of your vehicle, installing a vehicle recovery device, or having daytime running lights. Students can also reduce their insurance costs with discounts for having good grades.

Benefits & Drawbacks

Benefits
  • Offers most of the common add-on coverages in addition to three unique ones (OEM, custom parts, and glass modification)
  • Offers rare discounts (shared family care, VIN etching, vehicle recovery system, and responsible payment)
Drawbacks
  • Can be expensive for younger drivers

Cheapest Overall Rates In Odessa

Company Rate Per Year
Farmers $698
USAA $793
GEICO $969
State Farm $820
AAA $926

Cheapest For Full Coverage

Overall Rating
4.9

Key Statistics

10/10 Affordability
10/10 Customer Reviews
8/10 Claims/payouts
8/10 Coverage Level

Why We Like Them

Established in 1936, GEICO is the second most popular insurance provider in the U.S. The company offers a wide variety of vehicle insurance, including auto, truck, and motorcycle coverage. While GEICO has the cheapest rates for full coverage, its low auto insurance premiums don’t mean it provides poor customer service. GEICO is widely respected for its excellent policyholder service, which is typically mentioned in customer reviews.

Full coverage car insurance in Odessa (Texas) will pay for the damage you suffer in most situations by combining coverage for liability, collision, and comprehensive, plus uninsured motorist and personal injury protection (PIP) in some cases.

You’re typically legally required to carry about half of full coverage, but many people opt for full coverage auto insurance to help them fully pay for car repairs after any covered situation.

Benefits & Drawbacks

Benefits
  • Cheap rates for full coverage
  • Many discounts are available
Drawbacks
  • Does not offer coverage for new car replacement or better car replacement
  • Average complaint resolution scores

Cheapest Full Coverage In Odessa

Company Rate Per Year
GEICO $1,257
State Farm $1,269
USAA $1,274
Allstate $2,196

Cheapest For Teen Drivers

Overall Rating
4.9

Key Statistics

10/10 Affordability
10/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage Level

Why We Like Them

Teen drivers pay the highest rates in Odessa because of their inexperience on the road and their statistically higher frequency of accidents.

USAA is the cheapest insurer for young or inexperienced drivers in Odessa but also has competitive rates for drivers with speeding tickets. Insurance providers, including USAA, are not transparent about how they calculate auto insurance costs. But USAA has cheap and competitive auto insurance rates for all driver types and solid ratings for customer satisfaction and claims management. Young drivers are especially likely to save with USAA for auto insurance since many other insurers charge them high rates because of inexperience.

USAA offers standard liability coverage and comprehensive and collision insurance like other auto insurers. The company also provides some of the most common add-on auto insurance coverages: roadside assistance, rental car and travel reimbursement, and accident forgiveness. Rideshare insurance coverage is also available through USAA. But, a USAA auto insurance policy cannot include other common add-on coverages like new car replacement, better car replacement, gap insurance, and deductible modification.

Remember, you must have a military background to be eligible for USAA.

Benefits & Drawbacks

Benefits
  • Cheapest rates for young drivers
  • High customer satisfaction ratings and good claim management record
  • Rideshare insurance is available
Drawbacks
  • Only provides insurance to veterans, active military personnel, and their family members

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

Company Rate Per Year
USAA $5,231
GEICO $7,276
State Farm $8,000
Nationwide $6,013
Allstate $10,589

Cheapest For Drivers With Bad Credit

Overall Rating
4.8

Key Statistics

9/10 Affordability
9/10 Customer Reviews
8/10 Claims/payouts
8/10 Coverage Level

Why We Like Them

In addition to finding it more challenging to qualify for credit cards and loans, drivers with bad credit in Odessa will also pay higher rates than people with fair to exceptional credit scores. Statistically, they tend to have a higher policy lapse rate and submit more claims, for which insurers penalize them financially.

Even though they’ll be paying as much as 30% more than people with better credit, insureds with poor credit will find they have the option to purchase several add-on coverages: roadside assistance and rental car and travel reimbursement, as well as accident forgiveness, gap insurance, and deductible modification. However, the insurer does not offer two add-on coverages typically available, including new or better car replacements.

Nationwide does offer two relatively uncommon add-on coverages: identity theft and total loss deductible waiver. Identity theft coverage through Nationwide pays up to $25,000 for expenses if you or anyone in your household are a victim of identity theft or fraud. The total loss deductible waiver through Nationwide covers your comprehensive or collision deductible if your vehicle is deemed a complete loss after an accident.

Benefits & Drawbacks

Benefits
  • Offers an additional discount if you choose automatic payments
  • Offers mechanical breakdown assistance and identity theft coverage as add-ons
Drawbacks
  • Does not offer new car or better replacement coverage
  • Does not discount for payment in full or airbags

Cheapest Insurance Coverage For Drivers With Bad Credit

Company Rate Per Year
Nationwide $3,943
USAA $4,035
State Farm $4,233
Progressive $4,998
GEICO $5,110

Cheapest For Drivers With Driving Violations

Overall Rating
4.8

Key Statistics

9/10 Affordability
6/10 Customer Reviews
8/10 Claims/payouts
9/10 Coverage Level

Why We Like Them

Insurers have become increasingly more expensive for drivers with moving violations, even for a single speeding ticket. Like other insurers, State Farm raises your rates if you are convicted of a driving infraction, but they are less punitive than other major insurance brokers writing policies in Odessa.

As the car insurance provider with the largest market share across the country, State Farm holds a high rank among its competitors. According to AM Best, State Farm ranks high among providers for financial stability. That quality alone makes it one of the best car insurance providers in the nation.

While State Farm offers discounts for drivers who meet specific thresholds, it also receives a significant number of complaints, which translates to an average customer satisfaction score.

Benefits & Drawbacks

Benefits
  • A++ rating for financial strength by AM Best
  • Generous coverage options
  • Provides rideshare experience
Drawbacks
  • Must buy from a State Farm agent
  • No unique coverages are available, like OEM parts

Cheapest Insurance Coverage For Drivers With Driving Violations

Company Rate Per Year
State Farm $2,648
Nationwide $3,224
GEICO $3,627
Allstate $4,082
Progressive $4,351

Average Cost Of Auto Insurance In Odessa

Average Cost In Odessa– By Age

Age Group Average Yearly Rate
Teenagers $3,495
20s $1,826
30s $1,370
40s $1,339
50s $1,208
60s $1,237
70s $1,492

Average Cost In Odessa – By Gender

Gender Average Annual Rate
Male $1,402
Female $1,378

Average Cost In Odessa – By Marital Status

Marital Status Average Annual Rate
Single $1,300
Married $1,300
Divorced $1,402
Widowed $1,269

Average Cost In Odessa – By Accident And Violation History

Violation Average Annual Premium
DWI/DUI $2,149
Reckless Driving $2,131
At-Fault Accident (damage <$1,000) $1,750
At-Fault Accident (damage >$2,000) $2,096
Speeding (16-20 MPH > limit) $1,524

Average Cost In Odessa – By Credit Tier

Very poor: $4,740
Fair: $3,060
Good: $2,384
Very good: $1,302
Exceptional: $1,159

Average Cost In Odessa – By Zip Code

ZIP Code Average Rate
79765 $1,748
79762 $1,780
79764 $1,783
79766 $1,785
79763 $1,809
79761 $1,810

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.

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

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.

FAQs

What is the cheapest car insurance in the State of Texas?

State Farm has the cheapest car insurance in Texas at $29 per month for minimum liability coverage.

How much does car insurance cost in Odessa, TX on average?

The average cost of auto insurance in Odessa, TX is $1,402 annually, which is $13 less than the Texas average cost of coverage.

Do I need car insurance in Odessa?

Auto liability insurance is required by law in Texas, so Odessa, TX drivers must carry it.

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