The make and model of vehicle needing coverage is one of the primary factors when comparing low-priced coverage for good drivers. Vehicles with high performance features, poor passenger safety features, or a track record of large liability claims will cost significantly more to insure than safer models.
The next table showcases car insurance costs for some of the cheapest automobiles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $934 |
| Ford Escape Limited 2WD | $1,050 |
| Honda CR-V EX 2WD | $1,061 |
| Ford Focus SE 4-Dr Sedan | $1,089 |
| Volkswagen Jetta 2.0T Station Wagon | $1,098 |
| Chevrolet Malibu LS | $1,111 |
| Dodge Grand Caravan SE | $1,148 |
| Ford Edge SE 2WD | $1,168 |
| Toyota Corolla S | $1,170 |
| Toyota Prius | $1,172 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,192 |
| Nissan Rogue S AWD | $1,197 |
| Ford F-150 STX Regular Cab 4WD | $1,194 |
| Jeep Grand Cherokee Laredo 4WD | $1,216 |
| Ford Explorer Limited 4WD | $1,240 |
| Toyota RAV4 Limited 4WD | $1,251 |
| Dodge Ram Quad Cab Laramie 2WD | $1,293 |
| Ford F-350 XLT Crew Cab King Ranch Turbo Diesel 2WD | $1,295 |
| Dodge Ram 3500 Mega Cab SLT 2WD | $1,305 |
| Chevrolet Impala LTZ | $1,310 |
| Toyota Tacoma X-Runner 2WD | $1,319 |
| Honda Odyssey EX-L W/Navigation | $1,310 |
| GMC Sierra 2500HD SLE Crew Cab 2WD | $1,334 |
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate information does not factor in specific garaging location which can increase or decrease coverage rates greatly.
By looking at the data, you can expect models like the Hyundai Elantra, Ford Escape, Honda CR-V, and Ford Focus are a few of the cheapest vehicles to insure for safe drivers.
Shopping around for reasonably-priced car insurance is not the easiest thing to do, and deciding which companies quote the cheapest insurance rates for good drivers will take a little more work. Each insurer has a proprietary method for filing rates in each state, so let’s begin by examining the overall cheapest insurance companies in Texas.
It’s a good idea to know that Plano insurance rates are influenced by many factors that can increase your annual premium. Price variation is why it is important to shop around when trying to find the most economical auto insurance quotes for good drivers. Insurance prices are made up of many different factors and can decrease or increase without notice, so the cheapest option the last time you checked may now be wasting a lot of money.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,095 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,294 |
| 5 | California Casualty | $1,396 |
| 6 | Esurance | $1,407 |
| 7 | Mercury | $1,506 |
| 8 | State Farm | $1,510 |
| 9 | Safe Auto | $1,597 |
| 10 | Nationwide | $1,600 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,650 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,161 |
| 17 | Encompass | $2,301 |
| 18 | Unitrin | $2,310 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,672 |
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Travelers quotes some of the best car insurance rates in Plano at around $1,021 annually. This is $883 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also are some of the most economical Plano, TX car insurance companies.
As shown in the table above, if you are currently insured with California Casualty and switched to USAA, you may see savings of around $301. Customers with Esurance could save as much as $312 a year, and Mercury policyholders might realize rate reductions of up to $411 a year.
These premiums are averaged for all ages of drivers and types of vehicles and and are not calculated with an exact location for good drivers. So the insurer that fits your needs best may not even be in the list above. That illustrates why you need to get rate quotes from many companies using your own individual information.
For safe drivers, one of the more important criteria that are looked at to determine the amount you pay each year for auto insurance is your zip code. More populated areas tend to have higher rates, whereas areas with less congestion have the gratification of cheaper auto insurance rates.
The illustration below lists the most expensive areas in Texas for good drivers in which to buy car insurance. Plano makes the list at #21 with the yearly price of $1,608 on average, which is about $134 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Dallas | $1,893 |
| 3 | Houston | $1,891 |
| 4 | Brownsville | $1,851 |
| 5 | Laredo | $1,851 |
| 6 | Pasadena | $1,794 |
| 7 | Amarillo | $1,786 |
| 8 | Garland | $1,778 |
| 9 | Irving | $1,772 |
| 10 | Mesquite | $1,753 |
| 11 | Grand Prairie | $1,740 |
| 12 | Lubbock | $1,733 |
| 13 | Arlington | $1,709 |
| 14 | Beaumont | $1,702 |
| 15 | San Antonio | $1,688 |
| 16 | Carrollton | $1,664 |
| 17 | Austin | $1,659 |
| 18 | Corpus Christi | $1,636 |
| 19 | Fort Worth | $1,621 |
| 20 | El Paso | $1,616 |
| 21 | Plano | $1,608 |
| 22 | Waco | $1,569 |
| 23 | McKinney | $1,561 |
| 24 | Abilene | $1,545 |
| 25 | Killeen | $1,473 |
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Premium costs are estimated as vehicle location can decrease or increase rates significantly.
Selecting the best company can be a challenge considering how many different companies sell coverage in Texas. The ranking data listed below could help you analyze which car insurance providers to look at when comparing rate quotes.
These ratings only include the largest companies in the United States, so smaller companies will not be included in the list. To check rates from these top insurers and more, click here.
Top 10 Large Auto Insurance Companies in Plano Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Top 10 Large Auto Insurance Companies Overall in Plano
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Full coverage rates compared to liability only
Paying a lower price for insurance is the goal of most drivers, and one common way to lower the cost of insurance for good drivers is to only buy liability insurance. The diagram below illustrates the difference between insurance costs with full physical damage coverage and with liability coverage only. The prices are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
As an overall average, full coverage costs an extra $1,793 per year more than carrying just liability coverage. Lot’s of drivers question if it’s a good idea to buy full coverage. There is no written rule to stop buying physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
There are some situations where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not buy liability only.
Tips to find budget-friendly car insurance for good drivers
The list below shows some of the recommended thrifty solutions that can help you quote cheaper car insurance.
- Drivers with good credit often pay less
- Older vehicles may not need full coverage
- Drive safely
- Raise your physical damage coverage deductibles
- Vehicles with good safety ratings are usually cheaper to insure
- Maintain a safe distance and avoid accidents
- Compare rate quotes often
That final tip is incredibly significant, as was noted in this article. Insurance prices in Plano fluctuate considerably, so don’t be hesitant to buy from a new company if a lower-cost policy is available. Having brand loyalty is commendable, but we do not recommend it if that loyalty ends up costing hundreds of dollars year after year. Now is a great time to compare rates and find cheaper car insurance for good drivers.