Who Has Affordable Plano Auto Insurance for College Students?

For students in college, one of the largest things that aid in calculating the annual cost of car insurance is your zip code in Plano. Larger areas tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims benefit from lower prices.

The next table ranks the highest-priced places in Texas for college students to purchase car insurance in. Plano is listed at #18 with the annual price of $1,624 for the average insurance policy, which is approximately $135 each month.

How much does car insurance cost in Plano, TX?
Rank City Annual Premium
1 McAllen $1,956
2 Brownsville $1,927
3 Dallas $1,911
4 Laredo $1,851
5 Garland $1,850
6 Houston $1,835
7 Mesquite $1,825
8 Pasadena $1,812
9 Grand Prairie $1,793
10 Amarillo $1,786
11 Beaumont $1,772
12 Irving $1,772
13 San Antonio $1,688
14 Lubbock $1,682
15 Arlington $1,642
16 El Paso $1,632
17 Austin $1,627
18 Plano $1,624
19 Corpus Christi $1,620
20 Fort Worth $1,604
21 Carrollton $1,598
22 McKinney $1,577
23 Abilene $1,545
24 Killeen $1,533
25 Waco $1,522
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Rate information is estimated as the specific garaging location can raise or lower coverage prices significantly.

Determining which companies quote the lowest-priced auto insurance rates for college students will take a bit more work in order to find the most economical policy.

Each insurance company has a different formula for setting prices, so let’s take a look at the most affordable auto insurance companies in Plano.

Cheap Insurance Rates for College Students

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Who has the cheapest car insurance in Texas?
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,117
3 Texas Farm Bureau $1,235
4 Germania Mutual $1,244
5 Esurance $1,379
6 California Casualty $1,396
7 State Farm $1,495
8 Mercury $1,521
9 Nationwide $1,538
10 Safe Auto $1,597
11 Allstate $1,650
12 Progressive $1,664
13 Amica $1,723
14 GEICO $2,072
15 Home State $2,134
16 MetLife $2,161
17 Unitrin $2,264
18 Encompass $2,324
19 21st Century $2,396
20 Titan $2,646
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Travelers has some of the best car insurance rates in Plano at around $1,021 per year. This is $883 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the cheaper Plano, TX insurance companies.

As depicted above, if you currently have coverage with Esurance and switched to USAA, you may realize an annual savings of in the neighborhood of $262. Drivers with California Casualty might save as much as $279 a year, and State Farm policyholders might reduce rates by $378 a year.

To get a quick, customized rate comparison, click here to start your free quote or visit several of the following companies.

Bear in mind that those premium estimates are averages for all ages of drivers and types of vehicles and do not take into consideration a specific vehicle garaging location for college students. So the insurer that can offer you the best price may not even be in the top 23 companies shown above. That’s why you need to get rate quotes from many companies using your own individual information.

The vehicle model that needs insurance is a large consideration when shopping for the cheapest insurance for college students. Vehicles with high performance, a lack of modern safety features, or a high likelihood of having liability claims will cost significantly more to insure than safer models. The list below illustrates coverage rates for some of the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Plano, TX
Vehicle Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $2,478
Ford Escape XLS 2WD $2,485
Honda CR-V EX-L 4WD $2,516
Hyundai Elantra SE Touring Station Wagon $2,699
Volkswagen Jetta S 2.5 Station Wagon $2,704
Jeep Wrangler Sport Islander Package 4WD 2-Dr $2,723
Toyota Prius $2,734
Ford Explorer XLT 4WD $2,761
Ford Edge SE AWD $2,906
Dodge Grand Caravan Hero $2,944
Toyota RAV4 Limited 2WD $2,949
Chevrolet Malibu LS $2,944
Chevrolet Silverado LS Extended Cab 4WD $2,949
Ford F-150 XLT Crew Cab 4WD $2,979
Toyota Tacoma Double Cab TRD Sport Package 4WD $2,984
Toyota Camry SE $3,129
Toyota Corolla XLE $3,136
Honda Odyssey EX-L $3,129
Chevrolet Impala LTZ $3,135
Nissan Rogue SL 2WD $3,155
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Data variables include single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in Plano, TX location which can change insurance rates noticeably.

Based on these rates, we can presume that models like the Honda Accord, Ford Escape, and Honda CR-V will definitely be the most economical vehicles to insure for students in college. The cost of a car insurance policy will be higher anyway just due to the fact that there is more liability exposure for college students, but overall those particular models will probably have the lowest insurance rates compared to other types of vehicles.

Auto insurance company ratings

Picking a highly-rated insurance company is hard considering how many different companies insure vehicles in Plano. The company ratings in the lists below could help you choose which car insurance providers to look at when comparing insurance rates for college students.

These rankings are only made up of companies that insure vehicles across America, so companies that only write business in Texas or surrounding areas are not included in the list. To compare rates from the insurers below and more, just click here.

Top 10 Large Car Insurance Companies in Plano Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Top 10 Large Car Insurance Companies in Plano Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

The chart below illustrates how your deductible choice can impact premium costs when researching cheap insurance for college students. The prices are based on a married female driver, full coverage, and no discounts are applied.

The data above shows that a 50-year-old driver could pocket $352 a year by changing from a $100 deductible up to a $500 deductible, or save $528 by changing to a $1,000 deductible. Youthful drivers, such as the Age 20 example, could roll back prices as much as $870 annually just by choosing higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it is a good idea to have enough savings to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Discount Plano auto insurance rates

Cheaper Plano, TX auto insurance for students in collegeInsurers that offer quotes for college students may additionally offer policy discounts that may potentially lower prices by 40% or more if you qualify for them. A few popular companies and the discounts they provide can be read below.

The example below visualizes the comparison of insurance prices with and without discounts being applied to the rates. Data assumes a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with anti-theft, paid-in-full, good student, paperless filing, passive restraint, and continuous coverage discounts applied. When these discounts are applied to the policy premium, the average savings per year on auto insurance for college students is 21% or $325.

Shop around and save

Plano auto insurance rates are based on many factors which can substantially decrease or increase the price you have to pay for coverage. Simply turning a year older, buying a different home, or getting a few speeding tickets can trigger changes in premium that may make certain companies cheaper than before.

Not only may your situation change, but insurers modify rates as needed to reflect underwriting profits or losses. Heavier than normal losses can cause additional premium costs, while lower claim expenses can cause lower-priced Plano car insurance rates.

As an example, the bar chart below shows which company has the cheapest car insurance in Plano, TX for a 35-year-old male driver with no accidents or violations, and a good credit rating. When quoting prices based on his current situation, Travelers quotes the most affordable car insurance rates in Plano at $1,114 per year. This is $790 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also on the list of the most affordable Plano, TX auto insurance companies.

The next chart shows rates after we give the driver in the first chart an at-fault accident, less-than-perfect credit, and a speeding citation. Since each insurance company has a different process for determining prices, analyzing rates could result in a different list of affordable Plano car insurance companies as shown below.

State Farm now has the best insurance rate in Plano with Mercury, USAA, Safe Auto, and Nationwide also being competitive. This illustrates why consumers need to take the time to shop around when trying to get the cheapest auto insurance rates for college students.

Car insurance prices are calculated by many risk factors and change substantially, so the cheapest option the last time you shopped your coverage around may now be quite expensive.