Cheap Car Insurance in Plano, TX

Would you like to start paying lower premiums for cheap auto insurance in Plano, TX? At AutoInsuranceEZ.com, Finding the lowest rates near you is quick and easy. All you need is your zip code and our expertise. Together, we can get you the monthly affordable premiums you deserve.

If you want to live in a safe city, if you want to rub elbows with the job creators of major corporations, or if you just want to live in a pleasant, quiet suburb within reasonable driving distance of downtown Dallas, then Plano, Texas is the place for you. Then again, if you’re already living there, you probably don’t need to be told all that!

  • Fun fact: Plano isn’t considered one of the safest cities for some arbitrary reason – it was awarded this coveted distinction by Forbes Magazine. you can learn more about that and about Plano, Texas by clicking that link.

Auto Insurance Coverage Requirements in Texas

Driving legally in Plano requires:

Coverage Requirements Most Common
Bodily Injury Liability 30,000/60,000 30,000/60,000
Property Damage Liability 25,000 25,000
Uninsured Motorist Bodily Injury Not required 25,000/50,000
Medical Payments Not required 2,500
Collision Not required 500 deductible
Comprehensive Not required 500 deductible

Do you know the difference between all the different types of coverage which auto insurance offers? There’s liability coverage, which is the bare minimum you need to drive legally. There’s comprehensive coverage, which is what newer and more expensive vehicles need if you don’t want to pay 100% of the cost associated with a crash that wasn’t your fault. There’s also collision coverage for the bumps and scrapes which tend to happen the longer you own your vehicle.

They say that everything is bigger in Texas, and auto insurance prices are no exception. The average driver could be paying $194 or more each month just to stay covered! But you don’t have to be one of those people. In fact, shopping around for a new auto insurance policy in Plano may get you even better discounts than anywhere else in the state.

Average Monthly Auto Insurance Premiums Legend: Plano Kemper Specialty State Farm Infinity GAINSCO The General 20 40 60 80 100 120 140 160 180 200 220 240 $48 $51 $69 $89 $243

Because Texas is such a big and highly populated state, you can imagine that there are many car insurance companies vying for your business. Some of them are major providers like Encompass, Mercury, and State Farm, just to name a few. There are other local companies such as the Texas Farm Bureau who want to offer specially tailored policies and rates which address the unique needs of Texans. Regardless of who you purchase a policy from, their customer service and their claims process can be just as important – if not more – than how much they charge you for your policy. So keep that in mind while you’re shopping around.

Do you know how Texas auto insurance companies determine how much each driver should pay for their policy? Well, it’s a much more complicated process than you may think. There are a multitude of factors – such as your age, marital status, home ownership, and more – that may change how expensive or affordable your rate is. And the more you know about them, the easier it will be for you to “steer” things in your favor.

Major Car Insurance Factors in Plano

For better or worse, there are only so many things you can control when it comes to helping yourself lower your monthly car insurance premiums. The important thing is to become an informed consumer and figure out what the most important factors are. With that information, you can go on to figure out which ones you can change in order to get yourself the cheapest rate possible.

Your Zip Code

The most important thing your auto insurance agent will ask for is your zip code when it comes time to underwrite your policy. Why is this so important? Because they use that information to gather statistical data about how safe or unsafe it is to drive in your area. Living in Plano, the fact that there are 286,047 residents means that you are going to be sharing the road with a lot of people – increasing your likelihood of an accident. Furthermore, the fact that the median household income is $88,398 means your insurance provider may assume you can pay top tier prices – even if you can’t.

Auto Insurance by Zip Code Legend: Plano Dallas Fort Worth Kemper Specialty State Farm Infinity 7 14 21 28 35 42 49 56 63 70 77 84 91 98 105 $48 $80 $49 $51 $97 $85 $69 $110 $90

Automotive Accidents

Surprisingly, compared to other cities in Texas of a similar size, there are very few fatal accidents experienced in Plano each year. You can use this information to your advantage when negotiating your insurance prices. After all, if your likelihood of a serious crash is so low, why not try asking for a better rate? As they say, it doesn’t hurt to ask.

Fatal Accidents in Plano, TX Legend: Plano Fatal Accidents Vehicles Involved in Fatal Accidents Fatal Crashes Involving Drunk Persons Fatalities Persons Involved in Fatal Crashes Pedestrians Involved in Fatal Crashes 2 4 6 8 10 12 14 16 18 20 $8 $16 $3 $8 $21 $2

Auto Thefts in Plano

The most recent data shows that there were only 395 auto thefts in Plano within the last year. Just like serious accidents, that is a remarkably low rate for such a large city. This may help get you a lower premium, or your insurance company may ignore it. But you can be proactive and try and lower your monthly costs even further by installing anti-theft devices on your vehicle for more security.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Kemper Specialty State Farm Infinity 25 50 75 100 125 150 175 200 225 250 275 300 $48 $320 $51 $218 $69 $188

Your Credit Score

Many auto insurance companies believe that the higher your credit score, the lower premium you deserve to be charged for your policy. Many people in unfortunate financial situations may take issue with this; however, at the end of the day, there may be very little you can do about it other than work hard to improve your credit score. This isn’t an impossible thing to change, but it will take time and effort on your part.

Auto Insurance by Credit Score Legend: Good Credit Poor Credit Kemper Specialty State Farm Infinity 5 10 15 20 25 30 35 40 45 50 55 60 65 $48 $63 $51 $66 $69 $69

Your Age

Did you know that teenage drivers are charged some of the highest auto insurance rates out of any other demographic? There are many reasons for this. Lack of experience behind the wheel, poor decision-making, and a higher likelihood of distracted driving are among them. So if you’re under the age of 25, it’s important to do as much as you can to prove to your insurance provider that you are a responsible driver who will not get into an accident.

Auto Policy Age Comparison Legend: 17 Year Old Driver 35 Year Old Driver Kemper Specialty State Farm Infinity 30 60 90 120 150 180 210 240 270 300 330 360 $172 $48 $189 $51 $368 $69

Your Driving Record

Your insurance provider will look into your driving history and see how unsafe of a motorist do you have been within the last three to five years. If you don’t have even so much as a speeding ticket, then you have nothing to worry about! It will be infinitely easier for you to find the lowest possible rate. However, multiple speeding tickets, multiple moving violations, or even something as serious as a DUI will send your monthly premiums shooting through the roof.

Driving Record Legend: Perfect Record Minor Violation Major Violation Kemper Specialty State Farm Infinity 40 80 120 160 200 240 280 320 360 400 440 480 $48 $364 $496 $51 $143 $207 $69 $144 $188

Your Vehicle

All Things Considered, the odds are pretty high that living in Plano means you can afford to drive a very nice, shiny new vehicle. But guess what? Those types of vehicles tend to come with a pretty expensive auto insurance price tag. You’re going to need a fair amount of comprehensive coverage to replace or repair damages if your luxury vehicle gets into an accident. Unless you are extremely risky or extremely confident, you can’t exactly get away with purchasing the bare minimum coverage.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2015 Chevy Corvette Kemper Specialty State Farm Infinity 25 50 75 100 125 150 175 200 225 250 275 300 325 $48 Does Not Sell $51 $191 $69 $326

Minor Car Insurance Factors in Plano

Of course, tweaking some of the factors below can add up to some extra savings over time:

Your Marital Status

Getting married, despite how expensive it may be, has its rewards. One of those rewards is getting a better deal on your monthly insurance premiums. And this isn’t just for car insurance, either; you can get better homeowners insurance discounts and cheaper rates on other financial products. Just make sure you try and bundle as much as you can in order to maximize your savings.

Your Gender

Lots of different statistical models suggest that the fairer sex is the safer one behind the wheel. People attribute this to women typically being more cautious, level-headed, and less likely to engage in road rage. Well, some insurance companies are moving away from adjusting premiums based on gender, there are still providers out there who may alter your right by anywhere from 2% – 3% based on whether you are male or female.

Your Driving Distance to Work

Plano is a very big residential area which is equidistant from many commercial sectors. So based on where your job is located, you may have a relatively short or an annoyingly long daily commute. There is a wide range of workers in Plano who may spend as little as 15 minutes on average getting to the office or as much as 35 minutes trying to get where they need to go. Of course, this gridlock isn’t going to look good when your insurance company is evaluating your risk and adjusting your monthly premiums.

If you’re in the unlucky majority of people who have a longer commute time, then you’re probably driving more miles each year, too. Some companies care a lot about your annual mileage, and they give you up to a 33% discount if you can prove your low mileage with a plug-in device. But if you drive many miles each year, it may behoove you to let your insurance company estimate your annual mileage and hope that they low-ball it in your favor.

Your Coverage and Deductibles

Changing your deductible can be a blessing or a curse depending on your luck. On the one hand, raising your deductible can save you a decent amount of money each month on your car insurance premiums. On the other, you may be in for a very rude awakening if you find yourself in a position where you have to pay that deductible. You have to balance out your desire to save money with your ability to pay a significant chunk of change in the event that you need to make a claim.

Education in Plano, TX

Many of the residents in Plano have successfully pursued higher education degrees. The largest number, which makes up 37% of the city’s population, has a bachelor’s degree. Another 18% have a master’s degree of some sort. As a matter of fact, finding an adult Plano resident who doesn’t have at least one year of college or more under their belt is extremely rare.

As far as the city limits of Plano are concerned, aspiring estheticians can take courses at the Regency Beauty Institute-Plano. However, there are many prestigious institutions of higher learning a short commute away down in Dallas. The University of Texas has a Dallas campus in the city. There’s also Richland College, Collin County Community College, Brookhaven, and Southern Methodist University just to name a few. With so many choices, it’s easy to see why there are so many highly educated people living in Plano.

Some people believe that they only have one of two choices: they can purchase a low-quality auto insurance policy on the cheap, or they can shell out the big bucks for comprehensive coverage and stellar customer service. But the truth is that you can have both. We want to help you find that perfect combination of the two – an affordable price with a reputable company – and we have exactly what you need to make that dream a reality. Just enter your zip code to start shopping around for free quotes.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Texas Department of Insurance

Finance Commission of Texas

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov