Cheapest and Best Car Insurance Companies in Plano, TX

Depending on your driving history and unique needs, different companies will offer different rates, so the cheapest for you may vary. Generally, State Farm is the most affordable option in Plano, but Texas Farm Bureau will be close in price for most drivers. Meanwhile, if you’re laser-focused on receiving the best customer service, regardless of price, you might want to go with Chubb.

The following are the least expensive auto insurance companies for a minimum coverage policy in Plano:

• State Farm: $368 per year
• Texas Farm Bureau: $382 per year

Dairyland offers the most expensive minimum coverage car insurance policy at $1,121 per year as of October 2022. State Farm also stands as the company with the cheapest car insurance in Texas, with an annual premium of about $300, $68 less than its price in Plano.

In Texas, basic automobile insurance must cover bodily injury and property damage liability as follows:

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

Suppose a minimum coverage policyholder causes an accident with $15,000 in physical injury and $20,000 in property damage. In that case, their insurance company will pay $15,000 of the $60,000 bodily injury liability per accident and $20,000 of the $25,000 property damage liability.

The cheapest car insurance companies for a full coverage policy in Plano are:

• State Farm: $716 per year
• Texas Farm Bureau: $789 per year

Dairyland offers the most expensive full coverage automobile insurance at a yearly premium of $2,192 as of October 2022. State Farm’s average price in Texas for full coverage auto insurance is $711, $5 less than its premium in Plano.

A full coverage policy includes comprehensive and collision insurance.

• Collision Insurance: Pays to repair or replace your car if it is damaged in an accident for which you are at fault. This insurance includes coverage for collisions with objects or other vehicles.
• Comprehensive Insurance: Covers the cost to repair or replace your car if it is damaged in a non-collision-related occurrence. Examples include animal damage, weather-related mishaps, vandalism and theft.

If you drive an older car, getting full coverage insurance may not be cost-effective. The premium you'll be paying may be more than the car is worth.

The cheapest auto insurance in Plano after a violation depends on the violation’s severity:

• Speeding ticket: State Farm ($716 per year)
• At-fault accident: State Farm ($898 per year)
• DUI: State Farm ($1,335 per year)

Dairyland offers the highest rate after a speeding ticket, at $2,677; Foremost after an at-fault accident, at $3,376; and Chubb after a DUI, at $2,849. Note that having a poor driving record can affect your rates. Even the cheapest companies will raise their rates if you have incurred violations.

Some violations cost more than others. For example, the average full coverage premium in Plano increases by $560 after a DUI but $264 after a speeding ticket. However, it is still possible to find cheap car insurance if you have a poor driving record.

Plano's cheapest auto insurers for families adding teens to their policies are:

• Nationwide: $1,620 (female) and $1,847 (male) per year
• State Farm: $1,840 (female) and $2,225 (male) per year

Allstate has the highest prices, at $6,228 for females and $7,330 for men. Typically, insurance companies consider male teens a greater risk than their female counterparts. This disparity in rates by gender tends to narrow during the early adult years.

Adding a teen driver to a family policy is cheaper than purchasing separate coverage. Individual insurance for a male teen in Plano can cost as much as $3,267 more annually versus adding him to the family policy.

A family plan premium in this state costs around $2,565 per year, while the average price for an individual teen is $5,131 per year. Adding young drivers to a parent's policy is one way to get the cheapest auto insurance for teens.

The insurance companies offering the most affordable premiums for military members in Plano are:

• State Farm: $716 per year
• Texas Farm Bureau: $789 per year

USAA is another consideration, at around $855 annually for full coverage and $404 for minimum coverage. State Farm and Texas Farm Bureau are also the cheapest for minimum coverage, at $368 and $382 per year.

Getting an online quote for auto insurance can be time-consuming. You may be required to provide personal information and answer many questions. Alternatively, you can estimate your rates using our car insurance calculator, which considers your age, vehicle details, policy preferences and driving record.

The best car insurance for you will depend on your priorities for coverage, cost, service and more. MoneyGeek’s top recommendations for auto insurance in Plano, Texas, are:

• Best overall: Texas Farm Bureau (MoneyGeek score of 79 out of 100)
• Best for service: Chubb (MoneyGeek score of 76 out of 100)
• Best cheap: Texas Farm Bureau (MoneyGeek score of 79 out of 100)

Texas Farm Bureau is Texas’s best auto insurance. Also notable is USAA, which may suit those in the military. The company has a MoneyGeek score of 82 out of 100. Note that the overall MoneyGeek score is determined by how each factor is weighted for each category.

Overall, these are the top Plano auto insurance providers:

• Texas Farm Bureau: MoneyGeek score of 79 out of 100 ($789 per year)
• State Farm: MoneyGeek score of 76 out of 100 ($716 per year)

Texas Farm Bureau offers a strong value proposition in terms of customer satisfaction and affordability. If you are part of the military, consider getting insurance from USAA. It earned a MoneyGeek score of 82 out of 100.

Companies with the best customer service in Plano, according to our evaluation criteria (which excludes price), are:

• Chubb: MoneyGeek score of 76 out of 100 ($1,454 per year)
• Allstate: MoneyGeek score of 67 out of 100 ($1,471 per year)

Chubb excels in the areas of claims processing speed and customer happiness. This may be particularly attractive to people frustrated by longer-than-expected claims processing times or poor customer service at other insurance companies. However, Chubb is one of the most expensive companies in the Plano market, so policyholders pay a hefty amount for top-of-the-line service.

The following are the best options for minimum coverage policies in Plano:

• Texas Farm Bureau: MoneyGeek score of 79 out of 100 ($382 per year)
• State Farm: MoneyGeek score of 78 out of 100 ($368 per year)

The least costly minimum coverage plans can save you money in an accident. However, they provide little protection against liability expenses and no protection for the insured's car.

Various factors, including your location, determine car insurance premiums. For example, the average yearly rate for full vehicle insurance in Plano is $1,207 as of October 2022. This amount is roughly $58 less expensive than the national median price for car insurance and around $6 cheaper than the average cost of car insurance in Texas. These costs are based on a full coverage insurance policy with $100,000 in bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.