Cheapest and Best Car Insurance Companies in McKinney, TX

The best car insurance company depends on your needs. State Farm provides McKinney's most affordable car insurance rates for full coverage, minimum coverage, military families, those with speeding tickets and drivers with at-fault accidents. Mercury is the cheapest option for DUI drivers, while Nationwide is the cheapest option for teen drivers.

Texas Farm Bureau Group is the overall best company and the best affordable company, while Chubb is the best for customer service.

The following companies offer the most affordable minimum coverage car insurance policy in McKinney

• State Farm: $356 per year
• Allstate: $403 per year

Dairyland has the priciest minimum coverage in McKinney, TX, with an average annual rate of $1,050. Texas Farm Bureau has the most affordable car insurance plan in Texas, at an average of $339 annually, making McKinney slightly more expensive for the provider compared to other parts of the state.

In Texas, the mandated minimum insurance coverage must include protection for bodily injury and personal property damage. This liability is set by the state, and the limits are

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

If you are responsible for an accident and have a liability-only coverage of $30,000 per person and $60,000 per incident, your insurance company will be obligated to pay out medical costs up to $30,000 for each individual, with a cap of $60,000 for the entire incident, irrespective of the number of passengers involved. Anything beyond this amount will be paid out of pocket.

For full coverage auto insurance policy in McKinney, these are the most affordable insurers

• State Farm: $702 per year
• Texas Farm Bureau Group: $848 per year

Dairyland is the most expensive full coverage car insurance company at around $2,029 per year. Texas Farm Bureau is the most affordable full coverage car insurance in Texas, with an average rate of $760 per year, showing that rates can vary by location.

A full coverage policy increases your liability limits and adds comprehensive and collision insurance to your policy.

• Collision Insurance: Covers damages to your car if you are in an accident, regardless of who is at fault.
• Comprehensive Insurance: Covers damages to your car from non-collision-related incidents, like theft, vandalism or natural disasters.

Having a full coverage policy may not be worth it for older vehicles since you’ll be paying hundreds of dollars more per year for a vehicle that could have low value.

MoneyGeek data shows that these are the least costly auto insurance companies in McKinney if you have any of the following driving offenses on your driving history:

• Speeding ticket: State Farm ($702 per year)
• At-fault accident: State Farm (approximately $878 per year)
• DUI: Mercury ($1,282 per year)

On average, you may find the most expensive annual rates from Dairyland ($2,480), Foremost ($3,261) and Chubb ($2,719) if you have had a speeding ticket, accident or DUI, respectively. Car insurance premiums can increase when you commit an offense, so even the least expensive rates may be noticeably higher after a violation.

Be prepared for your premiums to increase based on the severity of the driving infractions. For example, McKinney drivers who have been charged with a DUI will pay roughly $546 more for their auto insurance, while those with tickets pay around $235 more. It is possible to find cheap-priced car insurance even with a bad driving record.

The following insurers offer the cheapest premiums for 16-year-old teens on their family’s policy:

• Nationwide: $1,786 per year for male teens; $1,567 per year for female teens
• State Farm: $2,182 per year for male teens; $1,805 per year for female teens

Allstate is the most costly company for teens, with families paying $6,242 or $7,346 per year to add a female or male teen to a policy.

Male teen rates are often higher than female teen rates because they are riskier to insure. The $219 price difference from Nationwide highlights this. This discrepancy tends to go away in early adulthood.

Adding a teen to a policy is a good way to save money because teen auto insurance prices are substantially higher if they purchase a policy on their own. In McKinney, a male teen purchasing individual coverage would pay roughly $3,267 more than for a family policy. Families might save thousands of dollars each year by shopping around for the cheapest car insurance for teens.

The cheapest insurers for military personnel and their families in McKinney are

• State Farm: $702 per year
• Texas Farm Bureau Group: $848 per year

At roughly $849 per year, USAA is the third-cheapest insurer. Their services are tailored to military members and their families, making them the best option. For minimum coverage policy, USAA is the second cheapest at an average of $385 per year. State Farm is the cheapest at around $356 annually.

Comparing auto insurance rates online can be time-consuming. You normally have to provide a lot of personal information, and getting quotes from a single company might take 15 minutes or more.

MoneyGeek's auto insurance calculator searches our database for quotes from several carriers based on your age, vehicle type, driving record and desired coverage level.

The best auto insurance for you will be determined by your preferences. The top car insurance providers in McKinney, TX, are:

• Best overall: Texas Farm Bureau Group (MoneyGeek score 77 out of 100)
• Best for service: Chubb (MoneyGeek score 76 out of 100)
• Best cheap: Texas Farm Bureau Group (MoneyGeek score 78 out of 100)

Changes in MoneyGeek scores reflect modifications in category weightings. Texas Farm Bureau Group is also Texas's best auto insurance company. With a MoneyGeek score of 81 out of 100, USAA is the best auto insurer for military families.

The overall best auto insurance companies in McKinney are:

• Texas Farm Bureau Group: MoneyGeek score 77 out of 100 ($848 per year)
• State Farm: MoneyGeek score 76 out of 100 ($702 per year)

Texas Farm Bureau Group ranked well in affordability and customer satisfaction, two key factors that need to be balanced in order to be considered the best insurer in the city. If you are a member of the military, USAA is also a highly recommended auto insurance provider. It scored 81 out of 100.

Excluding cost from our scoring system, the best companies for customer service in McKinney are:

• Chubb: MoneyGeek score 76 out of 100 ($1,389 per year)
• Foremost: MoneyGeek score 67 out of 100 ($1,425 per year)

Chubb excels in customer satisfaction and claims processing. While Chubb provides superior service to the other insurers we evaluated, its rates are higher than some of its competitors.

The best cheap auto insurance company in McKinney, Texas, are

• Texas Farm Bureau Group: MoneyGeek score 78 out of 100 ($410 per year)
• State Farm: MoneyGeek score 78 out of 100 ($356 per year)

Although the minimum liability coverage policy is very affordable, it offers limited protection. This coverage doesn’t cover damage to your car in case of an at-fault accident.

The average cost of auto insurance in McKinney is $1,171 per year, which is $30 less than the Texas state average and $94 less than the national average as of October 2022. These prices are for full coverage insurance with bodily injury liability of $100,000 per person, bodily injury liability of $300,000 per accident and property damage liability of $100,000 per accident.

Location is only one of several factors that affect auto insurance premiums.