Who Has Affordable Auto Insurance Rates for Single Moms in Plano?

The words “cheap” and “auto insurance” really should not be used together, specifically when comparison shopping for the best car insurance rates for single moms. To help control this cost, let’s introduce you to some of the factors that have an impact on car insurance rates, and come up with some ideas to lower the cost of the next policy you buy.

Finding reliable, low-cost auto insurance is not always easy, and figuring out which company quotes the best insurance rates for single moms requires a little more work. Every insurance provider has a proprietary formula to establish rates, so we’ll take a look at the most competitive insurance companies in Plano, TX.

It’s important that readers know that Plano insurance rates are impacted by many things that control the price you pay for coverage. Simply turning a year older, buying a different vehicle, or getting a few speeding tickets can trigger price changes that can cause some rates to be way too expensive in comparison to the competition.

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Texas car insurance ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,117
3 Texas Farm Bureau $1,235
4 Germania Mutual $1,282
5 California Casualty $1,396
6 Esurance $1,407
7 State Farm $1,495
8 Mercury $1,506
9 Safe Auto $1,565
10 Nationwide $1,585
11 Amica $1,705
12 Progressive $1,715
13 Allstate $1,718
14 Home State $2,071
15 GEICO $2,156
16 MetLife $2,227
17 Unitrin $2,264
18 Encompass $2,324
19 21st Century $2,421
20 Titan $2,672
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Travelers generally has some of the lowest car insurance rates in Plano at around $1,041 per year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the more affordable Plano, TX car insurance companies.

As the example above demonstrates, if you are a policyholder with Germania Mutual and switched to USAA, you might see savings of approximately $165. Customers with California Casualty could save as much as $279 a year, and Esurance policyholders might reduce prices by as much as $290 a year.

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

Understand that those policy rates are averaged for all types of drivers and the different vehicles they drive and and are not figured with a specific location for single moms. So the auto insurance company that fits your needs best may not even be in the top 23 companies in the list above. That emphasizes why you need to get car insurance quotes using your own driver and vehicle profiles.

One of the many considerations that are looked at to help calculate the cost of insurance is your zip code. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from having to pay less for coverage.

The table below lists the priciest cities in Texas for single moms to purchase auto insurance in. Plano shows up at #19 having an annual price of $1,624 for the average policyholder, which is approximately $135 per month.

How much does car insurance cost in Plano, TX?
Rank City Premium Per Year
1 McAllen $1,956
2 Brownsville $1,927
3 Laredo $1,851
4 Dallas $1,837
5 Houston $1,835
6 Garland $1,832
7 Amarillo $1,786
8 Mesquite $1,771
9 Pasadena $1,758
10 Grand Prairie $1,740
11 San Antonio $1,722
12 Beaumont $1,720
13 Irving $1,719
14 Lubbock $1,665
15 Carrollton $1,664
16 Fort Worth $1,653
17 Arlington $1,642
18 Austin $1,627
19 Plano $1,624
20 McKinney $1,577
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Prices are estimated as specific Plano garaging address can change premiums greatly.

The make and model of vehicle needing coverage is one of the primary factors when comparison shopping for the cheapest car insurance for single moms. Vehicles with limited top-end speed, good crash test ratings, or a track record of few liability claims will cost quite a bit less to insure than adrenaline junky models.

The next list outlines insurance costs for a handful of the cheaper vehicles to insure in Texas.

Cheapest Vehicles to Insure in Plano, TX
Vehicle Insured Estimated Cost for Full Coverage
Toyota Prius $966
Honda CR-V EX-L 2WD $1,025
Toyota Tacoma Double Cab 4WD $1,034
GMC Sierra SL Extended Cab 2WD $1,043
Chevrolet Equinox LS AWD $1,034
Dodge Grand Caravan Hero $1,042
Ford F-150 FX4 4WD $1,053
Toyota Corolla XLE $1,089
Hyundai Elantra GLS 4-Dr Sedan $1,098
Toyota Camry SE $1,089
Ford Escape XLT 4WD $1,100
Jeep Grand Cherokee Limited 2WD $1,108
Ford Fusion SE 4-Dr Sedan $1,113
Volkswagen Jetta SE 4-Dr Sedan $1,108
Jeep Wrangler Rubicon 4WD 2-Dr $1,125
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium costs do not factor in vehicle location which can change coverage prices noticeably.

Looking at the rates, we can conclude that cars like the Toyota Prius, Honda CR-V, Toyota Tacoma, and GMC Sierra will definitely be the less-costly vehicles to insure for single parents.

Liability-only versus full coverage

Saving money when shopping for insurance is important to the majority of drivers, and one of the best ways to save on the cost of insurance for single moms is to only buy liability coverage. The diagram below compares yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The rates are based on no accidents, no driving violations, $500 deductibles, marital status is single, and no additional discounts are factored in.

Averaged for all age groups, comprehensive and collision coverage on your policy costs $1,793 per year more than just insuring for liability. That proposes the question if physical damage coverage is worth the money. There is no definitive guideline to exclude physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your vehicle’s settlement value is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $11,000 after paying your policy deductible. If premium cost is more than $1,100 annually to have full coverage, then it might be time to buy liability only.

There are a few situations where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Best insurance in Texas

Selecting the right insurance provider is hard considering how many different companies sell coverage in Plano. The information in the next section could help you analyze which companies to look at purchasing a policy from.

These rankings include insurance companies that insure vehicles in the majority of U.S. states, so companies with more of a regional focus are not taken into consideration for these rankings. To view rates and find cheaper insurance for single moms, just click here.

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

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

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

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Tips for finding the cheapest car insurance for single moms

The list below summarizes some money-saving ideas that can help Texas drivers buy cheap coverage.

The last tip is highly critical, as was pointed out in the prior article. Coverage rates in Plano adjust often, so don’t be tentative to switch companies if you can find a cheaper rate. We understand brand loyalty, but it isn’t a good idea if it’s costing you thousands of dollars over several years. In just a few minutes you could shop around to find cheaper car insurance for single moms.