Cheapest and Best Car Insurance Companies in Plano, TX


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ByMark Fitzpatrick
Edited byMargarita Barresi
ByMark Fitzpatrick
Edited byMargarita Barresi

Updated: May 20, 2024

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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.

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2024

Cheapest and Best Car Insurance in Plano, TX

Why Trust MoneyGeek? We compiled data and information from the Texas Department of Insurance and Quadrant Information Services to determine Plano car insurance premiums.

328,384Quotes Analyzed
 
14Companies Compared

Cheapest Minimum Liability Car Insurance in Plano

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
State FarmAnnual Premium$368Monthly Premium$31
Texas Farm BureauAnnual Premium$382Monthly Premium$32
AllstateAnnual Premium$422Monthly Premium$35
MercuryAnnual Premium$454Monthly Premium$38
AAA TexasAnnual Premium$527Monthly Premium$44
NationwideAnnual Premium$582Monthly Premium$48
GEICOAnnual Premium$587Monthly Premium$49
ProgressiveAnnual Premium$598Monthly Premium$50

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.

Cheapest Full Coverage Car Insurance in Plano

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$716Monthly Premium$60
Texas Farm BureauAnnual Premium$789Monthly Premium$66
AllstateAnnual Premium$888Monthly Premium$74
MercuryAnnual Premium$994Monthly Premium$83
GEICOAnnual Premium$1,027Monthly Premium$86
AAA TexasAnnual Premium$1,037Monthly Premium$86
NationwideAnnual Premium$1,133Monthly Premium$94
National GeneralAnnual Premium$1,448Monthly Premium$121

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.

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Cheapest Car Insurance in Plano After a Driving Offense

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$716Monthly Premium$60
Texas Farm BureauAnnual Premium$789Monthly Premium$66
AllstateAnnual Premium$888Monthly Premium$74
GEICOAnnual Premium$1,195Monthly Premium$100
NationwideAnnual Premium$1,322Monthly Premium$110
AAA TexasAnnual Premium$1,368Monthly Premium$114
MercuryAnnual Premium$1,436Monthly Premium$120
ChubbAnnual Premium$1,572Monthly Premium$131

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.

Cheapest Car Insurance in Plano for Teens and Their Families

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.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,620Individual Plan Monthly Premium$6,745
State FarmFamily Plan Annual Premium$1,840Individual Plan Monthly Premium$8,662
GEICOFamily Plan Annual Premium$2,440Individual Plan Monthly Premium$7,850
ForemostFamily Plan Annual Premium$3,383Individual Plan Monthly Premium$14,289
ProgressiveFamily Plan Annual Premium$3,617Individual Plan Monthly Premium$16,888
AllstateFamily Plan Annual Premium$6,228Individual Plan Monthly Premium$11,735

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.

Cheapest Car Insurance in Plano for Military Drivers

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$716Monthly Premium$60
Texas Farm BureauAnnual Premium$789Monthly Premium$66
USAAAnnual Premium$855Monthly Premium$71
AllstateAnnual Premium$888Monthly Premium$74
MercuryAnnual Premium$994Monthly Premium$83
GEICOAnnual Premium$1,027Monthly Premium$86
AAA TexasAnnual Premium$1,037Monthly Premium$86
NationwideAnnual Premium$1,133Monthly Premium$94

How to Compare Cheap Plano Car Insurance Quotes Online

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.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jun 13, 2024

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Best Car Insurance in Plano: Summary

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.

Best Overall Car Insurance in Plano

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.

How was this MoneyGeek score calculated?

Texas Farm Bureau

pros

checkmark

May exceed some expectations in service and price

checkmark

Offers roadside assistance and rental car coverages

cons

close

Limited coverage and below-average claims handling

close

Doesn’t offer accident forgiveness and gap insurance

COMPANY HIGHLIGHTS

Texas Farm Bureau doesn't offer unique coverages, but it provides solid protection at a price that may be hard to beat. If you're in an accident or your car breaks down, you can get a rental car while yours is being repaired. Under its rental reimbursement add-on, the company covers all reasonable costs associated with temporary car rental up to the policy's maximum amount.

Roadside assistance helps you after any non-accidental mechanical, electrical or other system automobile breakdown. Help is available around the clock, so you never have to worry about being stranded on the road. Note, however, that the insurer only reimburses up to $120 in roadside service costs. Any amount over $120 is yours to shoulder.

Read MoneyGeek's Texas Farm Bureau Auto Insurance Review

Best Car Insurance in Plano for Customer Service

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.

How was this MoneyGeek score calculated?

Chubb

pros

checkmark

High scores in claims and customer satisfaction

checkmark

Offers rental car reimbursement and original equipment manufacturer coverages

cons

close

More expensive than its competitors

close

Doesn’t offer gap insurance, accident forgiveness and roadside assistance

COMPANY HIGHLIGHTS

Unlike many of its competitors, Chubb lacks some essential coverages that can be helpful to a wide range of drivers: gap insurance, accident forgiveness and roadside assistance. The provider compensates for this through high-quality service and claims processing.

Chubb is one of the few insurers that cover the cost of factory-direct replacement components. This is crucial for those who want all repairs made with original parts after an accident. Chubb's rental car reimbursement coverage will reimburse you for renting a comparable vehicle if yours is not driveable due to a covered incident. It provides coverage up to $5,000, with no daily maximum.

Best Cheap Car Insurance in Plano

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.

How was this MoneyGeek score calculated?

Texas Farm Bureau

pros

checkmark

An affordable minimum coverage policy costs $382 per year

checkmark

Discounts for safe driving, bundling and multiple cars

cons

close

Doesn’t offer paperless and pay-in-full discounts

close

Unsatisfactory coverage and claims ratings

COMPANY HIGHLIGHTS

When it comes to car insurance in Plano, Texas Farm Bureau’s affordability and focus on customer service keep it at the top of the competition. The company can also help customers save money on insurance policies by offering easily attainable discounts. Its safe driving discount entitles you to a premium reduction if you've not filed claims for a certain period, an ideal option for those who have never had an accident or traffic violation.

The insurer's multiple-car discount is worth considering if you own two or more cars. The company will reduce your rate if you insure both vehicles with them at once (rather than separately). Quite similar is its bundling discount, which will give you a rate reduction if you bundle multiple policies with the company (for example, home and auto insurance).

Read MoneyGeek's Texas Farm Bureau Auto Insurance Review

Average Cost of Car Insurance in Plano

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.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.