Compare the Cheapest Car Insurance Quotes in Plano, TX

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.

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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.

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Average Cost of Car Insurance in Plano

Plano$1,242
Texas$1,316
U.S.$1,424

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.

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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.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

3
State Farm
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

4
Auto Club of Southern California Insurance Group
Score:85

5/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

5
Allstate
Score:80

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

6
Progressive
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

7
Nationwide
Score:80

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

8
Farmers
Score:78

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

9
Liberty Mutual
Score:73

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

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:


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152Cups of Coffee
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35Months of Your Favorite Streaming Service

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

  • Item
    Description
  • 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

Liability Only
Full Coverage
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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.

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 Code
    State Minimumper year
  • 75025
    $1,236
  • 75074
    $1,242
  • 75093
    $1,250
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Top Agents Offering Affordable Car Insurance in Plano

1. John Kraft - State Farm Insurance Agent10185 Custer Rd, Suite 100, Plano, TX, 75025
10 ratings
2. Dean Insurance Group5600 Tennyson Pkwy, Ste 285, Plano, TX, 75024
5 ratings
3. Matt Lohoefer Insurance5805 Coit Rd, Ste 401, Plano, TX, 75093
5 ratings
4. Darin McCullough - State Farm Insurance Agent1445 Los Rios Blvd, Ste 203, Plano, TX, 75074
4 ratings
5. Sterling Insurance Group3415 Custer Rd, Ste 161, Plano, TX, 75023
3 ratings

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.

accident2 icon
Most Accidents With Fatalities256th/300
handcuffs2 icon
Most Car Thefts144th/300
uninsured icon
Most Uninsured Motorists by State16th/50
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Personal Injury Protection RequiredNo
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Most Annual Rainfall142nd/300
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Most Rainy Days190th/300

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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About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.