Cheapest and Best Car Insurance in Allen, TX (June 2024)

Finding the right auto insurance in Allen hinges on your coverage needs and driving profile. For minimum and full coverage, Texas Farm Bureau offers the lowest rates, while State Farm is most affordable for families with teen drivers. Chubb provides the best customer service and also secures the title for overall excellence by providing optimal balance between cost and service quality. The ideal choice for you may vary based on individual preferences and coverage necessities.

Texas Farm Bureau offers the cheapest option for minimum coverage car insurance in Allen. Here are the two cheapest providers:

• Texas Farm Bureau: $373 per year
• Mercury: $471 per year

Dairyland has the most expensive minimum coverage policy in Allen, costing $2,200 annually. The difference of $1,827 between the cheapest and the most expensive underscores the significance of comparing car insurance rates to ensure the best deal.

In Texas, just like in Allen and other cities, state law prescribes minimum car insurance coverage requirements.

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

For example, if you're at fault in an accident, your minimum coverage policy pays up to $30,000 for injuries per person, totaling up to $60,000 per accident. Should expenses exceed these amounts, you would be responsible for paying the difference out of pocket.

Texas Farm Bureau offers the cheapest full coverage car insurance in Allen, ensuring great savings for car owners. The two most affordable providers are:

• Texas Farm Bureau: $769 per year
• State Farm: $978 per year

Dairyland has the most expensive policy at $4,198 annually, demonstrating the importance of comparing rates. Full coverage policies are typically higher than minimum coverage due to the comprehensive protection they offer.

Upgrading to a full coverage policy in Allen enhances your liability protection, raising the coverage limits to $100,000 per individual for bodily injury, $300,000 per accident for bodily injury and $100,000 for property damage per accident. This level of coverage is commonly referred to as a 100/300/100 policy.

Full coverage policies offer two additional types of insurance beyond increased liability limits:

• Collision Insurance: This type of insurance provides financial coverage for repair costs if your vehicle sustains damage from hitting another vehicle or an object, like a tree or light pole. It also covers rollover accidents and pothole damage.
• Comprehensive Insurance: This insurance offers financial protection against a range of non-collision incidents, such as theft, vandalism or natural disasters that could damage your vehicle. It also covers being struck by an animal like a deer.

Opting for full coverage insurance for a new vehicle to protect your monetary investment is generally advisable. But full coverage insurance is typically required if you're leasing or have a car loan.

For older vehicles, the cost of this additional coverage may not be justifiable when you consider the hundreds of dollars in extra premiums. Deciding on the appropriate amount of car insurance necessitates a careful evaluation of your needs. Strike a balance between choosing a level of coverage that doesn't result in exorbitant premiums while also ensuring you are not underinsured.

The cheapest company for drivers with a poor driving record in Allen varies depending on the type of driving offense.

• Speeding Ticket: Texas Farm Bureau ($769 per year)
• At-fault accident: State Farm ($1,221 per year)
• DUI: Texas Farm Bureau ($1,532 per year)

Dairyland has the most expensive rates for all three offenses. The difference in annual rates indicates the impact of driving offenses on insurance costs — in Allen, the cheapest company after a speeding ticket is $769, whereas after a DUI, it increases to $1,532, highlighting the financial consequences of severe infractions.

Insurance rates typically increase with the gravity of driving offenses because they indicate a higher risk for insurers. In Allen, for example, a driver with a speeding ticket could face an average annual premium of $2,809, while those with a DUI could see rates soar to approximately $3,467. This disparity highlights the necessity for individuals with driving infringements to diligently compare insurance rates.

Nationwide offers the cheapest full coverage car insurance for teens in Allen:

• Nationwide: $1,608 per year for female teens and $1,833 per year for male teens
• State Farm: $1,816 per year for female teens and $2,197 per year for male teens

These rates show the cost of including a teen driver on a two-parent policy. Allstate carries the most expensive policy at $6,022 annually for female teens, a stark contrast to Nationwide's $1,608. This $4,414 difference exemplifies the importance of comparing rates, particularly with teen drivers who inherently carry higher risk and raise insurance premiums.

Teen drivers in Allen and other cities face exorbitant insurance costs when purchasing an individual policy. On average, an individual teen policy is priced at $6,908 annually, whereas adding a teen to a family plan averages $3,513 — a significant difference. Insurers justify these higher rates for individual teen policies due to the increased risk teens pose behind the wheel, translating to a higher likelihood of claims.

Moreover, teens may struggle to secure an individual policy without a substantial credit history or financial independence. For families seeking economical options, a joint family insurance plan is often the most viable and cost-effective solution for insuring teen drivers.

Texas Farm Bureau offers the cheapest full coverage car insurance for military backgrounds in Allen.

• Texas Farm Bureau: $769 per year
• State Farm: $978 per year

USAA, with an annual premium of $1,024, ranks third and provides specialized services that cater to the needs of active-duty military members. Although USAA's rates are slightly higher in this instance, its reputation for tailored services to the military community is worth considering for those who qualify.

In Allen, diligently comparing car insurance rates is the key to significant savings, though it's a time-intensive task, often taking over an hour for just a few quotes. MoneyGeek's car insurance calculator streamlines the process. By inputting basic information such as age, driving history, credit score and coverage preferences, you can receive an accurate estimate rapidly, bypassing the usual prolonged research and quickly focusing on factors that most impact car insurance costs.

Selecting the best auto insurance for you involves balancing your priorities, such as service quality, cost, coverage and other factors. For Allen's top providers, MoneyGeek tailored their scores to reflect their distinct aspects:

• Best overall: Chubb (90 out of 100)
• Best for service: Chubb (92 out of 100)
• Best cheap: Chubb (87 out of 100)

Chubb emerges as the best in the city for overall value, premier service and affordability.

MoneyGeek found that Chubb is the top option in Allen for those seeking the best car insurance:

• Chubb: MoneyGeek score of 90 out of 100 ($1,860 per year)
• Foremost: MoneyGeek score of 74 out of 100 ($2,295 per year)

Chubb excels with its high customer satisfaction and affordability scores, distinguishing itself as the leading provider of full coverage car insurance in Allen.

Chubb is the best option in Allen for those seeking top-notch car insurance focusing on customer service. This evaluation holds irrespective of rates, grounded in comprehensive satisfaction, adept claims processing and extensive coverage options.

• Chubb: MoneyGeek score of 92 out of 100 ($1,859 per year)
• Foremost: MoneyGeek score of 77 out of 100 ($2,295 per year)

Chubb distinguishes itself as a leader due to its exceptional satisfaction and claims scores, a testament to its commitment to customer experience and efficient claims resolution.

Chubb is the best option in Allen for drivers seeking cheap yet reliably comprehensive car insurance.

• Chubb: MoneyGeek score of 87 out of 100 ($989 per year)
• Mercury: MoneyGeek score of 78 out of 100 ($471 per year)

The score is based on a minimum coverage policy. Chubb stands out in Allen with its superior MoneyGeek score, showcasing a strong balance between affordability and customer satisfaction. This score reflects Chubb’s high performance in satisfaction and claims handling, which are critical for customers who want assurance that their insurer is dependable.

Allen, Texas, sees an average car insurance cost of $1,710, which is just slightly below the Texas state average of $1,738. Although Allen's rate is marginally lower by $28, both figures stand above the national average car insurance cost of $1,720, with Texas exceeding it by $18.

Location plays a crucial role in car insurance costs due to variables such as traffic density, risk of accidents and theft rates. MoneyGeek’s analysis highlights this geographical impact: Houston has the most expensive premium at $2,113, and Wichita Falls has the cheapest at $1,374. This considerable range underscores how urban environments may incur higher costs, while more rural or less trafficked areas might offer lower premiums.