Find Car Insurance in Bonham, TX

What You Should Know About Car Insurance in Bonham, TX

You will find plenty of history in Bonham, located about 1.5 hours north of Dallas. First settled in 1837, this sparsely populated suburban city had a population of 10,408 in 2020. Farms and open spaces create a serene environment where residents enjoy spaces like the Lake Bonham Recreation Area, Bonham State Park, and North Texas Safari Park. Bicycle rallies, monthly Trade Days, and constant events and gatherings at the town square bring the people of this nearly 10-square-mile city together.

Come visit the city named after James Butler Bonham, who defended the Alamo in 1836. Speak to an expert InsureOne agent to get the best auto insurance at the best prices available, hop into your vehicle, and enjoy a taste of this tight-knit community.

How Much Does Car Insurance Cost in Bonham, Texas?

Your premium amounts for auto coverage in Texas will vary based on the type of policy you choose. A full coverage policy in the Lone Star State will cost you an average of $2,019 per year. This is only slightly more than the $2,014 such a policy costs in the rest of the country. A minimum liability policy costs only $565 in this state, which is very well priced, considering that the national average is $622.

What Does Full Coverage vs. Minimum Liability Mean?

As indicated, minimum liability policies cost much less than full coverage. But you get much more with the latter. A full coverage policy protects you financially in a variety of situations, including if your car is vandalized or stolen, a tree falls on your vehicle while it is parked, or if your car is damaged or totaled in an accident you cause. You will save money with a minimum liability policy, but the only protection you would be entitled to is for damages you cause to others — your vehicle damages would not be covered under this type of policy.

Affordable Car Insurance Rates Comparison by Cities in Texas

Your premium amounts also vary based on the city you live in. The following chart compares monthly rates between Bonham and several nearby cities.

City	Full Coverage Insurance	Liability Insurance Coverage
Bonham	$151	$41
Bells	$147	$40
Dallas	$171	$52
Honey Grove	$153	$40
Mount Pleasant	$159	$41

What Types of Car Insurance Discounts Are Available in Bonham?

To lower your insurance premiums beyond bundling, you can take advantage of the many other discounts insurers offer. Here are some that might be available with your carrier:

• Senior discount
• Good driver discount
• Retention discount
• Student discount
• Low-mileage discount

Notable Car Insurance Laws in Bonham

The following Texas policies pertaining to insurance affect drivers residing in Bonham and throughout the state:

What Are the Mandatory Car Insurance Requirements in Bonham?

Each state in the U.S. determines how much coverage its drivers must obtain. The minimum levels of coverage required under Texas law include the following:

• $30,000 liability coverage for bodily injury per person
• $60,000 liability coverage for bodily injury per accident
• $25,000 liability coverage for property damage

What Is the Penalty for Driving Without Insurance in Bonham?

There is a self-inflicted penalty for driving without coverage — if you get into an accident, you will have to pay for any damages you cause on your own, instead of having an insurer cover the bills for you. As far as Texas law is concerned, if you are caught driving without a policy in place, you could be punished with the following fines and penalties:

• $175 to $350 fine, possibly lower in cases of economic hardship
• $350 to $1,000 fine for a second offense
• A yearly insurance surcharge of $250 for three years
• Possible license suspension
• Possible vehicle impoundment

Do Bonham-Specific Laws Play a Role in Determining Your Insurance Premiums?

Each state dictates which factors insurers may use to help them determine how much they will charge you for your policy. For example, in some states, carriers may not consider a client’s age or gender. The following are factors insurers may use based on Texas law:

• Age: Young teen drivers pay the highest rates. Pricing then decreases as a driver gains experience and increases again when they hit their senior years.
• Selected coverage: Adding options like uninsured motorist coverage and personal injury protection will increase your premiums.
• Location: Where you live and park your car makes a huge difference. Insurers will check theft and accident rates in your area before giving you a quote.
• Claims history: Some insurers assume that if you have filed claims in the past, then you are more likely to do so than others in the future.
• Deductible amount: Your deductible is how much you pay out of pocket before your insurer starts covering a claim. The higher your deductible, the lower your premiums.

What Is the Best Car Insurance for Teenagers and Their Families in Texas?

As mentioned, teens pay the highest rates for coverage. There are several things teenagers and their families can do to mitigate the high cost of insurance. The first thing is not to get them their own policy — add them to a policy that includes drivers with much lower rates. Although it will still be costly, this should lower the price significantly over them getting their own policy. Next, look for carriers that offer discounts for good drivers, student drivers, and others that might pertain to a teen.

Getting teens a car that will not cost your insurer too much to repair or replace should they get into an accident will also help lower their rates somewhat. Just in case they do cause a crash, make sure to get them more than the state minimum required coverage to ensure you will not have to pay money out of pocket if they cause a costly accident. InsureOne’s expert agents help you find the best auto insurance with customizable options that best meet your needs.

How Many Car Accidents Happen in Bonham Per Year?

The Texas Department of Transportation reports the following as total crashes in Bonham and several nearby cities in 2023:

City	Total Crashes
Bonham	115
Bells	18
Dallas	31,678
Honey Grove	8
Mount Pleasant	469

 

How Many Uninsured/Underinsured Motorists Are in Bonham?

TexasSure, a division of the Texas DMV, estimates that 20% of drivers in the state were uninsured in 2022. The Insurance Information Institute puts that number at 13.8%, but even this lower percentage means that nearly one in seven drivers does not have any coverage at all. If one of these drivers crashes into you, they would have to pay you with their own funds, which they may not have. The best way to protect yourself against such instances is by getting uninsured motorists coverage.