Car insurance in Plano costs an average of $1,242 per year, which is cheaper than the state average. The cheapest insurer is Farmers at roughly $788 annually, but MoneyGeek also analyzed the cheapest companies based on different driver profiles and coverage levels. For those looking for cost-quality balance, MoneyGeek ranked the best insurance providers in Plano.
Compare the Cheapest Car Insurance Quotes in Plano, TX
The Cheapest and Best Car Insurance in Plano
The Cheapest Car Insurance Companies in Plano
The companies with the most affordable average rates for a full coverage insurance policy in Plano are:
- Farmers: $788 annually
- USAA: $818 annually (only available to current and former military)
Farmers has the cheapest car insurance in Plano. Drivers who have a policy from this provider typically pay an average of $788 per year, which is about $455 less than the city average. Joining Farmers as the top five most affordable carriers in the city are USAA, State Farm, GEICO and AAA. The most expensive rate comes from The General at $2,332 per year on average — this rate is nearly triple that of Farmers.
For this study, MoneyGeek collected average insurance rates based on a sample driver profile in Plano. The sample driver is a 40-year-old male with a full coverage policy including both liability and comprehensive and collision insurance.
Average Cost of Car Insurance in Plano
The average car insurance rate in Plano is $1,242 per year. That is slightly cheaper than both the average state and national annual premiums. Plano policyholders pay about 5.6% less than the $1,316 Texas average. Drivers in the city also pay about 12.8% less than the nationwide average of $1,424.
The Best Car Insurance Companies in Plano
MoneyGeek ranked the best companies in Plano to aid drivers looking to balance affordability with quality service. Based on MoneyGeek’s research, the best car insurance companies in the city for most drivers are:
- GEICO: MoneyGeek score 85 out of 100
- State Farm: MoneyGeek score 85 out of 100
USAA received the highest score in Plano 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.
To calculate the final scores out of 100, MoneyGeek used several data points, including J.D. Power user satisfaction, affordability and financial stability ratings.
Personalized Quotes to Get You the Cheapest Car Insurance in Plano
Individualized factors, such as age, driving history, credit score, driving experience, gender, marital status and car make and model help car insurance companies in Plano calculate rates. For example, a 40-year-old male has an average annual premium of $924 from GEICO, but an 18-year-old male will have to pay more than twice that amount for a similar policy.
Since your circumstances may change, it’s best to get personalized quotes and compare premiums from multiple carriers. This way, you can also find out if you qualify for any discounts, rebates or savings.
Shopping around for car insurance in Plano could save you $455, which is enough to buy:
Cheapest Car Insurance in Plano by Coverage Amount
In Plano and elsewhere, the coverage level you choose greatly influences how much you have to pay for car insurance. For example, a state minimum liability policy in Plano costs an average of $650, whereas a full coverage policy with higher liability limits costs an average of $1,242. That is a $593 difference.
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.
Getting state minimum liability coverage will allow you to claim up to $30,000 for bodily injuries per person, $60,000 total per vehicle and $25,000 for property damage. Car insurance companies in Plano also offer 50/100/50 liability-only and full-coverage plans. The provider that has the least amount of difference between the costs of these two options is Esurance. The annual premium for its liability-only policy is an average of $709, but if you add around $252, you can get full coverage. You can also choose 100/300/100 full coverage for comprehensive protection. The cheapest rate for this option is from Farmers, at an average of $788 per year.
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 Plano if You Have Driving Violations
Another crucial factor that car insurance companies in Plano evaluate is your driving history. Generally, responsible drivers with clean records will have access to cheap car insurance in Plano. Moving violations, such as speeding tickets, DUIs and at-fault accidents, can lead to insurance rate hikes.
For example, if you have no violations in your driving record, you can get a $788 average annual premium from Farmers. However, your rate will increase by around $242 if you have a speeding ticket. If you have a DUI on your record, the cost of your car insurance will be an average of $1,160.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Car insurance companies in Plano also consider your ZIP code to determine annual premium rates. They use statistical data, such as accident and crime rates in the area, to influence their rates. However, region-based rates don't have a large difference in Plano.
The average annual premium based on ZIP code ranges from $1,236 to $1,250, which means that the difference between the cheapest (75025) and the most expensive (75093) regions for auto coverage is just $14.
- Zip CodeState Minimumper year
Top Agents Offering Affordable Car Insurance in Plano
Factors That Impact Insurance Costs in Plano
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 Plano. How Plano 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 Plano 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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