Texas has a relatively high accident rate. In 2018, one reportable accident occurred every
58 seconds on the roads of Texas. Every driver in Texas is required to carry auto insurance, but average rates vary depending on location. In Plano, the average cost of auto insurance is $ 589 for a full coverage policy and $ 1,819 for a minimum coverage policy, according to Bankrate’s 2021 annual rated premiums study.
Plano drivers who purchase auto insurance in Texas have a wide variety of options. To help you find the best car insurance in Plano, we’ve reviewed a number of providers based on average rates, coverage options, discounts, and more.
Best Car Insurance Companies in Plano
The best auto insurance companies in Plano are Geico, Nationwide, USAA, and State Farm. These companies are distinguished by their affordable rates, generous discounts, reliable coverage options, and excellent financial strength ratings.
|Insurance company||JD Power Score||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||846/1000||$ 445||$ 1,283|
|At national scale||820/1000||$ 523||$ 1,332|
|United States of America*||878/1000||$ 443||$ 1,316|
|State farm||844/1000||$ 607||$ 1,442|
* USAA is not eligible for official ranking with JD Power due to eligibility restrictions
Plano drivers looking for cheap auto insurance may want to consider Geico. The premiums are well below average and the company has an excellent customer satisfaction rate. Plus, Geico offers some of the best auto insurance discounts in the industry, with special savings for military personnel, federal employees, affinity group members, good students, and having a vehicle with advanced security features, among others.
Learn more: Geico Assurance review
At national scale
If you want to customize your auto insurance policy with endorsements, Nationwide is one of the best options at Plano. Nationwide sells a number of add-on policies, including roadside assistance, accident forgiveness, total loss deduction waiver, deficiency insurance, and a waiving deductible. You can also take advantage of discounts if your car is equipped with an anti-theft device, or if you are a good student or have no accidents on your driving record.
Learn more: National Insurance Review
USAA is consistently ranked among the best auto insurance companies in the United States, but you must be affiliated with the military to get coverage. USAA is known for its highly regarded customer service, something that can be hard to come by in the insurance business. The company also offers affordable coverage and discounts for good students, safe drivers, parking your vehicle on base, infrequent driving, and bundling your policies.
Learn more: USAA Insurance Review
State Farm is the nation’s largest auto insurance provider, with over 16% of the total market share. State Farm is a popular auto insurance provider for Plano drivers who want great discounts and reliable coverage. It is one of the only providers to offer two safe driver rewards programs, as well as coverage and discounts for young drivers. State Farm is rated above average by JD Power for customer satisfaction and claims satisfaction.
Learn more: State agricultural insurance review
The cheapest car insurance in Plano
The average cost of auto insurance in Plano is comparable to the average rate in Texas, which is $ 1,823 per year for a full coverage policy. In addition, Plano drivers pay slightly more for auto insurance than the average US driver, based on the US national average rate of $ 1,674 per year for full insurance.
The car insurance companies in Plano charge different rates for coverage. The following table includes the cheapest car insurance rates in Plano from the most popular carriers based on market share.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|United States||$ 443||$ 1,316|
|Geico||$ 445||$ 1,283|
|At national scale||$ 523||$ 1,332|
|State farm||$ 607||$ 1,442|
|Allstate||$ 628||$ 1,652|
Drivers looking for cheap car insurance in Plano should avoid choosing a company based solely on premiums. For example, the USAA offers inexpensive coverage, but you must be affiliated with the military to purchase a policy. Geico and State Farm offer low rates, but coverage options are quite limited. All of these providers offer discounts, but the specific discounts available vary.
Plano insurance requirements
Auto insurance is a legal requirement in the state of Texas. Drivers in Plano are required to take out minimum 30/60/25 liability insurance, which includes the following coverages:
- $ 30,000 personal injury coverage per person
- $ 60,000 in accidental bodily injury coverage
- $ 25,000 in Accidental Property Damage Coverage
Drivers who want the cheapest auto insurance in Texas are often tempted to buy the least coverage. However, insurance companies recommend that most drivers purchase more coverage than is required. If you cause an accident and your financial responsibilities exceed your policy limit, you must pay the difference out of pocket.
Another thing to consider is that drivers who lease or finance their vehicle through a lender are often required to carry a full coverage policy until their loan is paid off. Full coverage insurance includes liability coverage, as well as collision, comprehensive and medical insurance.
Discounts on car insurance in Plano
To get the cheapest car insurance in Plano, look for car insurance companies that offer several discounts that you can qualify for. Here are some of the more popular discounts you can find from insurance companies in Plano:
- Multi-vehicle discount: Drivers who add multiple vehicles to their insurance policy may qualify for a small discount.
- Automatic payment discount: If you opt for automatic payments, your insurance company may reward you with a slightly lower premium.
- Discount without complaint: If you have no recent claims, violations or accidents on file, you may be able to get a discount on your policy.
- Vehicle security discount: Vehicles equipped with modern security features, such as an anti-theft device or anti-lock brakes, may qualify for discounts.
Frequently Asked Questions
What is the best auto insurance company?
The best auto insurance company varies because it is different for every driver. For example, Geico might be the best option for you, but Amica might be a better choice for your roommate. Before choosing a supplier, be sure to shop around using your personal criteria and get some quotes.
How much car insurance do I need at Plano?
Drivers at Plano are required to take out liability insurance of at least 30/60/25. However, increasing your policy limits is recommended by insurance experts. Also, keep in mind that if you are leasing or financing your car, you may need to purchase full insurance until the end of the loan term.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.
These are sample rates and should only be used for comparison purposes.