In Frisco, the average car insurance policy costs $1,219 yearly, which is $97 lower than the Texas state average. MoneyGeek rated the insurers based on various coverage levels and driver profiles. Farmers is the cheapest insurer in Frisco, with average annual rates of $762. MoneyGeek also ranked the best insurers to help those focusing on quality and affordability find a suitable option.
Compare the Cheapest Car Insurance Quotes in Frisco, TX
The Cheapest and Best Car Insurance in Frisco
The Cheapest Car Insurance Companies in Frisco
For those looking for a full coverage car insurance policy in Frisco, the following two companies are the most affordable:
- Farmers: $762 annually
- USAA: $819 annually (only serving current and former military members)
MoneyGeek used a sample profile of a 40-year-old male driver to conduct this study. In this scenario, the driver has a full coverage policy, including liability insurance and comprehensive and collision coverage.
Average Cost of Car Insurance in Frisco
The average annual cost of car insurance in Frisco is $1,219. Drivers from the city pay 7.4% less than the average annual rate in Texas at $1,316. The cost of auto insurance in Frisco is also less than the average yearly rate in the United States by 14.4%. Drivers may pay more or less than the city’s average based on factors like age, driving history and neighborhood of residence.
The Best Car Insurance Companies in Frisco
MoneyGeek used a unique scoring system to find the best car insurance companies in Frisco and help you get an affordable insurance policy with quality service. The following two companies scored the highest:
- GEICO: MoneyGeek score of 85 out of 100
- State Farm: MoneyGeek score of 85 out of 100
USAA received the highest score in Frisco by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek used J.D. Power's user satisfaction, affordability and financial stability ratings, among other criteria, to evaluate the companies out of 100 points.
Personalized Quotes to Get You the Cheapest Car Insurance in Frisco
Auto insurance companies consider the individual circumstances of each driver when determining annual premiums. Factors such as coverage level, car model and ZIP code play a role in these calculations. Rates can also fluctuate over time. Be sure to compare car insurance quotes from various providers regularly to find the best rates and see if you qualify for discounts, rebates and other special offers.
Shopping around for car insurance in Frisco could save you $457, which is enough to buy:
Cheapest Car Insurance in Frisco by Coverage Amount
In Frisco and elsewhere, the amount of coverage you buy is one of the most significant factors determining your insurance costs. A state minimum liability plan covering bodily injuries and property damage costs an average of $641 in Frisco. In contrast, a full coverage policy with higher liability limits costs $578 more, at an annual average of $1,219.
Texas Minimum Liability Requirements
- Bodily Injury and Property Damage$30,000 per person, $60,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
Car insurance providers in Frisco charge different rates for different coverage levels. Farmers Insurance, which is the cheapest car insurance company in the city, charges $412 as the state minimum liability insurance rate. A 50/100/50 liability insurance plan covers $50,000 worth of medical bills, $100,000 per vehicle damage and $50,000 for property damage. If you have a Farmers Insurance policy, you can pay an additional $23 to get this plan. Both the state minimum liability and 50/100/50 liability plans do not cover your own expenses during an accident. Drivers need to purchase a full coverage plan for their car insurance to cover their expenses during an accident.
There is a $286 difference between a 50/100/50 full coverage plan, which covers personal injury, and a 50/100/50 liability plan at Farmers Insurance. The 100/300/100 full coverage plan costs $762, which is only $41 higher than the 50/100/50 coverage plan.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Frisco if You Have Driving Violations
If you maintain a clean driving record, you’ll receive lower-than-average car insurance rates in Frisco. Your rates may increase if you incur violations such as speeding tickets, driving under the influence (DUI) charges and at-fault accidents.
An average driver with no violations pays $762 per year with a Farmers Insurance plan. If the same driver has a speeding ticket, they pay $232 more in annual premiums. At-fault accidents raise the rate by $325 and DUIs mean a $361 increase.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Your car insurance rates may be more or less than the city’s average, depending on where you live in Frisco. Car insurance companies consider factors like the number of car thefts, accidents and other similar circumstances in an area when calculating premiums for each driver.
There is a difference of about $19 in auto insurance rates between the cheapest and most expensive Frisco neighborhoods. A driver living in the 75035 ZIP code pays $1,209, while someone living in 75034 — the more expensive of the two areas — spends an average of $1,228.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Frisco
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Frisco. How Frisco ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Frisco are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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