Cheapest and Best Car Insurance in Plano, TX (August 2024)


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Updated: October 3, 2024

Advertising & Editorial Disclosure

In Plano, Texas, Texas Farm Bureau offers the lowest rates for full and minimum coverage car insurance. Nationwide is the most affordable for families with teens. Chubb stands out for customer service and value and is the best overall. The ideal insurer for you hinges on personal preferences and coverage needs.

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2024

Cheapest and Best Car Insurance in Plano

Why Trust MoneyGeek? We analyzed 328,384 quotes in Texas from 14 companies, used six sources and conducted original research to rate the cheapest companies and develop a scoring system for Plano insurance providers based on ZIP codes in the city only. Our scores are based on affordability, customer satisfaction, claims experience, coverages offered and financial stability.

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These rates reflect the cheapest car insurance quotes in Plano, TX, as of August 2024.

328,384Quotes Analyzed
 
14Companies Compared

Cheapest Minimum Coverage Car Insurance in Plano

MoneyGeek found that Texas Farm Bureau offers the cheapest car insurance with minimum coverage in Plano. Here are the annual premiums of the two most cost-effective providers:

  • Texas Farm Bureau: $382 per year
  • State Farm: $490 per year

Dairyland has the highest price for the minimum coverage in Plano, with an average annual premium of $2,326. That's a $1,944 difference compared to Texas Farm Bureau, highlighting the importance of comparing rates to find the best deal on car insurance.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
Texas Farm BureauAnnual Premium$382Monthly Premium$32
State FarmAnnual Premium$490Monthly Premium$41
MercuryAnnual Premium$502Monthly Premium$42
ProgressiveAnnual Premium$637Monthly Premium$53
National GeneralAnnual Premium$679Monthly Premium$57
AAA TexasAnnual Premium$729Monthly Premium$61
GEICOAnnual Premium$832Monthly Premium$69
AllstateAnnual Premium$863Monthly Premium$72
ChubbAnnual Premium$873Monthly Premium$73
NationwideAnnual Premium$1,176Monthly Premium$98
ForemostAnnual Premium$1,226Monthly Premium$102
DairylandAnnual Premium$2,326Monthly Premium$194

State Minimum Liability Requirements

In every city in Texas, car insurance is ruled by state-mandated minimums. These are the required limits:

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

These figures represent baseline security. If you're liable for an accident, your insurer will cover up to $30,000 for an individual's injuries and up to $60,000 for injuries in one accident. But if the cost for a single person's injuries exceeds $30,000, the remaining balance would come from your pocket.

Cheapest Full Coverage Car Insurance in Plano

MoneyGeek found that Texas Farm Bureau offers the cheapest full coverage car insurance in Plano.

  • Texas Farm Bureau: $789 per year
  • State Farm: $1008 per year

Dairyland has the most costly full coverage policy in Plano, with an average annual premium of $4,442 — a substantial $3,653 difference from the most affordable option. This rate gap highlights the importance of shopping around, as full coverage policies, which include comprehensive and collision insurance, cost more than minimum coverage due to the broader protection they offer.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Texas Farm BureauAnnual Premium$789Monthly Premium$66
State FarmAnnual Premium$1,008Monthly Premium$84
ProgressiveAnnual Premium$1,303Monthly Premium$109
National GeneralAnnual Premium$1,413Monthly Premium$118
AAA TexasAnnual Premium$1,433Monthly Premium$119
GEICOAnnual Premium$1,508Monthly Premium$126
AllstateAnnual Premium$1,622Monthly Premium$135
ChubbAnnual Premium$1,740Monthly Premium$145
MercuryAnnual Premium$1,921Monthly Premium$160
NationwideAnnual Premium$2,134Monthly Premium$178
ForemostAnnual Premium$2,507Monthly Premium$209
DairylandAnnual Premium$4,442Monthly Premium$370

Do You Need Full Coverage in Texas?

The comprehensive nature of full coverage policies extends beyond increased liability limits and incorporates comprehensive and collision insurance.

  • Collision Insurance: This provision covers the repair of your automobile if it collides with another vehicle or object, such as a tree or light pole. It also covers rollover accidents and pothole damage.

  • Comprehensive Insurance: This form of protection covers the costs of damages to your car from non-collision-related incidents, such as theft, vandalism, fires, natural disasters or being hit by an animal like a deer.

Choosing full coverage insurance is prudent for safeguarding the value of a new automobile. Conversely, for those owning older models, the added coverage might not justify the additional expense, which can reach into the hundreds. Gauging how much car insurance you need involves weighing higher coverage against increased premiums and ensuring adequate protection to avoid being underinsured.

Cheapest Car Insurance in Plano After a Driving Offense Cheapest After Driving Offense

MoneyGeek found that the cheapest option for Plano drivers with a poor driving record seeking full coverage insurance varies based on the infraction. The most affordable providers for each type of offense are:

  • Speeding Ticket: Texas Farm Bureau ($789 per year)
  • At-Fault Accident: State Farm ($1,262 per year)
  • DUI: Progressive ($1,554 per year)

Dairyland is the most expensive option for all three infractions, at around $5,537 per year for speeding, $6,280 for an at-fault accident and $4,494 for a DUI. The $765 rate discrepancy between the cheapest company after a speeding ticket and after a DUI is noteworthy, demonstrating the effect that the gravity of a violation can have on car insurance premiums.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Accident
State FarmAnnual Premium$1,262Monthly Premium$105
Texas Farm BureauAnnual Premium$1,327Monthly Premium$111
AAA TexasAnnual Premium$2,072Monthly Premium$173
GEICOAnnual Premium$2,134Monthly Premium$178
ProgressiveAnnual Premium$2,158Monthly Premium$180
National GeneralAnnual Premium$2,232Monthly Premium$186
AllstateAnnual Premium$2,654Monthly Premium$221
ChubbAnnual Premium$2,723Monthly Premium$227
NationwideAnnual Premium$3,192Monthly Premium$266
MercuryAnnual Premium$3,841Monthly Premium$320
ForemostAnnual Premium$5,541Monthly Premium$462
DairylandAnnual Premium$6,280Monthly Premium$523

In Plano and similar cities, your driving record plays a significant role in determining insurance premiums. Serious offenses lead to higher rates to account for increased risk. For example, drivers with a DUI face an average annual rate of $3,676, while those with a speeding ticket incur a lower cost of around $2,959. Individuals with driving infractions should diligently compare insurance quotes to secure financial savings, as premiums can vary considerably based on your driving history.

Cheapest Car Insurance in Plano for Teens and Their Families

MoneyGeek found that Nationwide offers the most affordable option for families seeking the cheapest car insurance for teens in Plano. Here are the most affordable providers in Plano:

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

These rates represent the cost of a family policy that includes two parents and a teen driver. Allstate is the most expensive company for insuring teen drivers in Plano, with an average annual premium of $6,228 for female teens — more than three times Nationwide's quote. This stark contrast underscores the importance of comparing quotes, as it can lead to significant savings for families when teen drivers are considered higher risk and more costly to insure.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,620Individual Plan Monthly Premium$4,010
State FarmFamily Plan Annual Premium$1,840Individual Plan Monthly Premium$2,583
GEICOFamily Plan Annual Premium$2,440Individual Plan Monthly Premium$3,378
ForemostFamily Plan Annual Premium$3,383Individual Plan Monthly Premium$9,562
ProgressiveFamily Plan Annual Premium$3,617Individual Plan Monthly Premium$10,778
AllstateFamily Plan Annual Premium$6,228Individual Plan Monthly Premium$7,243

In Plano and other cities across the U.S., teen drivers can expect significantly higher insurance rates when purchasing an individual car insurance policy. A teen's individual annual premium costs around $7,041, compared to $3,581 if added to a family's plan. The difference in rates reflects the higher risks associated with teenage drivers, including inexperience and a higher probability of accidents. Due to these risks, insurers often hesitate to offer individual policies to teens, making a joint family policy more cost-effective and accessible.

Cheapest Car Insurance in Plano for Military Drivers

MoneyGeek found that Texas Farm Bureau offers the cheapest car insurance for military backgrounds in Plano. These providers can help you secure your vehicle affordably:

  • Texas Farm Bureau: $789 per year
  • State Farm: $1,008 per year

Although USAA is not the cheapest company, ranking third with an average annual premium of $1,054, it is also a competitive option. It caters to the unique needs of active duty service members, making it a top consideration for military personnel.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Texas Farm BureauAnnual Premium$789Monthly Premium$66
State FarmAnnual Premium$1,008Monthly Premium$84
USAAAnnual Premium$1,054Monthly Premium$88
ProgressiveAnnual Premium$1,303Monthly Premium$109
National GeneralAnnual Premium$1,413Monthly Premium$118
AAA TexasAnnual Premium$1,433Monthly Premium$119
GEICOAnnual Premium$1,508Monthly Premium$126
AllstateAnnual Premium$1,622Monthly Premium$135
ChubbAnnual Premium$1,740Monthly Premium$145
MercuryAnnual Premium$1,921Monthly Premium$160
NationwideAnnual Premium$2,134Monthly Premium$178
ForemostAnnual Premium$2,507Monthly Premium$209
DairylandAnnual Premium$4,442Monthly Premium$370

How to Compare Cheap Plano Car Insurance Quotes Online

Securing the best car insurance rates in Plano can equate to notable savings. However, this process traditionally requires a commitment of over 15 minutes per insurer, and it takes more than an hour when evaluating three or more companies.

MoneyGeek's car insurance calculator streamlines this process, instantly pinpointing the most impactful factors influencing Plano’s insurance costs. You'll swiftly receive tailored rate estimates by inputting your age, driving history, credit score and coverage preferences, balancing thoroughness with time efficiency.

Car Insurance Calculator

MoneyGeek'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:

Oct 08, 2024

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Best Car Insurance in Plano: Overview

Choosing the right auto insurance is a personalized decision, with factors like service quality, cost, coverage options and other variables playing pivotal roles. MoneyGeek has extensively researched and evaluated different insurance providers in Plano using distinct scoring systems for each category.

  • Best overall: Chubb (MoneyGeek score 91 out of 100)
  • Best for service: Chubb (MoneyGeek score 92 out of 100)
  • Best cheap: Chubb (MoneyGeek score 89 out of 100)

Chubb is the winner across all three categories, delivering exceptional value, top-notch service and affordability without compromising service quality. For Plano residents, Chubb is the best-rounded choice, offering a blend of dependability and cost-effectiveness.

Overall Best Car Insurance in Plano

MoneyGeek found that Chubb is the best option for car insurance in Plano, offering an exceptional full coverage policy. The top two providers in Plano are as follows:

  • Chubb: MoneyGeek score of 91 out of 100 ($1,740 per year)
  • State Farm: MoneyGeek score of 74 out of 100 ($1,008 per year)

Chubb distinguishes itself primarily through its superior customer satisfaction and claims handling process, as indicated by its high scores in these categories. Drivers in Plano looking for the best car insurance can expect a blend of excellent service and comprehensive coverage with Chubb.

Company logo for Chubb
Best OverallChubb
MoneyGeek Score:
91/ of 100

Overview

Chubb's high Moneygeek score is driven by its near-perfect claims and competitive coverage scores. Chubb offers rental car and/or travel reimbursement, a common coverage that provides essential services in cases of vehicle trouble or accidents.

Chubb's OEM coverage ensures that repairs use original equipment manufacturer parts in case of a covered accident. This coverage is particularly beneficial for drivers seeking assurance that their vehicle remains as close to its original state post-repair. The company also includes diminished value coverage in its comprehensive package. Chubb's offerings and high scores further reinforce its value, making it a strong contender in the insurance market despite minor coverage gaps.

Best Car Insurance in Plano for Customer Service

MoneyGeek found that Chubb is the best option in Plano for car insurance in terms of customer service. This distinction comes from its impressive collective performance in general satisfaction, claims handling and coverage options.

  • Chubb: MoneyGeek score of 92 out of 100 ($1,740 per year)
  • Foremost: MoneyGeek score of 77 out of 100 ($2,507 per year)

Chubb excels in claims satisfaction, a vital factor for customers choosing an insurance provider. Its score reflects a balance of service quality, comprehensive coverage and financial stability.

Company logo for Chubb
Best for Customer ServiceChubb
MoneyGeek Score:
92/ of 100

Overview

Chubb's high MoneyGeek score is bolstered by its excellent satisfaction and claims handling. Although it doesn't offer roadside assistance, it does provide rental car and/or travel reimbursement. Drivers might also find gap insurance valuable, as the coverage can provide financial protection in the unfortunate event of a total loss.

Chubb provides an array of valuable coverages for drivers. Its original equipment manufacturer (OEM) coverage is a rare but widely applicable benefit that ensures repairs are made with factory-original parts, maintaining the integrity and value of the vehicle. For collectors or enthusiasts, antique/classic car insurance is tailored to protect vintage treasures. Diminished value coverage is a rare option that can protect drivers from value loss following an accident. These features and Chubb's top satisfaction, claims and coverage scores cement its position as a premier choice for discerning insurance customers.

Best Cheap Car Insurance in Plano

MoneyGeek found that Chubb offers the best option for affordable and reliable car insurance in Plano, taking into account cost, customer satisfaction and claims handling. The top performers with their respective MoneyGeek scores and annual premiums are:

  • Chubb: MoneyGeek score of 89 out of 100 ($873 per year)
  • Mercury: MoneyGeek score of 78 out of 100 ($502 per year)

Chubb's highest rank is primarily due to its exceptional customer satisfaction and claims scores. Its high stability score also indicates a strong financial health factor. While it may not be the least expensive, Chubb's score reflects the value consumers get for a minimum coverage policy.

Company logo for Chubb
Best Cheap CompanyChubb
MoneyGeek Score:
89/ of 100

Overview

Chubb leads with exceptional claims handling and coverage marks, significantly boosting its high MoneyGeek score. At an average annual premium of $873, the average driver enjoys the benefits of minimum coverage for less than $73 a month. Chubb's defensive driving and anti-theft system discounts are reasonably common incentives that reward rivers for safety and security measures.

Chubb's bundling discount underscores the company's commitment to affordability and value. Drivers can also avail of discounts such as an anti-lock brakes discount for added factory-installed safety features and a VIN etching discount for enhanced vehicle security. Chubb balances cost savings with stellar service and robust coverage options.

Average Cost of Car Insurance in CITY Average Cost in Plano

In Plano, Texas, the average car insurance premium is $1,819. This premium is $37 more than the average car insurance cost in Texas, which is $1,782. In comparison, the Texas average is only $1 more than the national average of $1,781.

Car insurance premiums are based on various factors, including the driver's age, vehicle type, driving record and credit history. However, location plays an essential role because it encapsulates elements such as traffic density, risk of theft and the likelihood of accidents — all contributing to potential claims. According to MoneyGeek's data, Houston has the most expensive car insurance premium at around $2,177 per year. On the other hand, Wichita Falls has the cheapest premium at $1,414, which is $763 less than Houston's rate. These figures illustrate how insurance rates can differ within a single state. Less populous, more rural areas may experience even lower premiums.

AbileneAnnual Premium$1,484
AllenAnnual Premium$1,750
AmarilloAnnual Premium$1,790
ArlingtonAnnual Premium$1,740
AustinAnnual Premium$1,727
BeaumontAnnual Premium$1,851
BrownsvilleAnnual Premium$1,845
CarrolltonAnnual Premium$1,882
College StationAnnual Premium$1,537
Corpus ChristiAnnual Premium$1,664
DallasAnnual Premium$1,966
DentonAnnual Premium$1,669
El PasoAnnual Premium$1,603
Fort WorthAnnual Premium$1,728
FriscoAnnual Premium$1,751
GarlandAnnual Premium$1,971
Grand PrairieAnnual Premium$1,922
HoustonAnnual Premium$2,177
IrvingAnnual Premium$1,890
KilleenAnnual Premium$1,551
LaredoAnnual Premium$1,816
League CityAnnual Premium$1,835
LewisvilleAnnual Premium$1,700
LubbockAnnual Premium$1,598
McAllenAnnual Premium$1,996
McKinneyAnnual Premium$1,745
MesquiteAnnual Premium$1,960
MidlandAnnual Premium$1,532
OdessaAnnual Premium$1,658
PasadenaAnnual Premium$1,906
PearlandAnnual Premium$1,967
PlanoAnnual Premium$1,819
RichardsonAnnual Premium$1,884
Round RockAnnual Premium$1,620
San AngeloAnnual Premium$1,458
San AntonioAnnual Premium$1,791
Sugar LandAnnual Premium$1,868
The WoodlandsAnnual Premium$1,877
TylerAnnual Premium$1,635
WacoAnnual Premium$1,519
Wichita FallsAnnual Premium$1,414

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.