Who Has Affordable Car Insurance Rates for High Risk Drivers in Plano?

Establishing which insurers offer the cheapest car insurance rates for high risk drivers takes a little more effort than just comparing a company or two. Each auto insurer uses different criteria to set policy rates, so we will examine the car insurance companies that tend to be cheaper in Texas.

Find the Best Cheap Insurance for Risky Drivers

Compare Rates and Save

Texas auto insurance company rankings
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,128
3 Germania Mutual $1,244
4 Texas Farm Bureau $1,247
5 Esurance $1,379
6 California Casualty $1,438
7 State Farm $1,495
8 Mercury $1,521
9 Nationwide $1,553
10 Safe Auto $1,597
11 Progressive $1,698
12 Allstate $1,718
13 Amica $1,757
14 Home State $2,092
15 GEICO $2,093
16 MetLife $2,161
17 Unitrin $2,310
18 Encompass $2,324
19 21st Century $2,396
20 Titan $2,568
Quote Your Rates Go

Travelers quotes some of the best car insurance rates in Plano at around $1,021 annually. USAA, Germania Mutual, Texas Farm Bureau, and Esurance are also some of the cheaper Plano, TX insurance companies.

As the rates illustrate above, if you have coverage with USAA and switched to Travelers, you could see a yearly savings of upwards of $107. Texas drivers with Germania Mutual may save as much as $223 a year, and Texas Farm Bureau policyholders might reduce prices by as much as $226 a year.

If you want to find out if you’re overpaying, click here to start a quote or feel free to get quotes from the companies below.

These premiums are averaged across all ages of drivers and types of vehicles and do not factor in a specific location for high risk drivers. So the car insurance company that can offer the best rates for your situation may not even be in the top 23 companies shown above. That points out the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.

One of the many components that are looked at to help calculate the amount you pay for auto insurance is the neighborhood you call home in Plano. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas with less crime or weather claims can boast about having cheaper rates.

The illustration below rates the most expensive places in Texas for high risk drivers in which to purchase auto insurance. Plano is ranked #20 with a yearly premium of $1,608 for coverage, which is approximately $134 each month.

How much does car insurance cost in Plano, TX?
Rank City Annual Rate
1 McAllen $1,996
2 Dallas $1,893
3 Houston $1,853
4 Brownsville $1,851
5 Laredo $1,851
6 Mesquite $1,807
7 Garland $1,796
8 Amarillo $1,786
9 Irving $1,772
10 Grand Prairie $1,757
11 Pasadena $1,740
12 Lubbock $1,733
13 Beaumont $1,720
14 Arlington $1,709
15 San Antonio $1,688
16 Austin $1,676
17 Fort Worth $1,621
18 Corpus Christi $1,620
19 McKinney $1,609
20 Plano $1,608
21 Carrollton $1,598
22 El Paso $1,584
23 Waco $1,569
24 Killeen $1,518
25 Abilene $1,499
Quote Best Rates Go

Information shown are comparative as the specific area where the vehicle is garaged can revise price quotes substantially.

Insuring your vehicle with the best company is difficult considering how many different companies sell coverage in Plano. The company ratings displayed below can help you pick which insurers to look at comparing rates from.

The rankings below include large nationwide companies, so companies that may only write in Texas are not factored into this list. To check rates from these top insurers and more, follow this link.

Top 10 Major 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

The example below shows how choosing a deductible can change insurance rates when quoting cheap insurance for high risk drivers. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

As shown above, a 30-year-old driver could lower their car insurance rates by $362 a year by switching from a $100 deductible to a $500 deductible, or save $546 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could roll back prices $772 every year just by choosing higher deductibles. When increasing deductibles, it will be required to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

How much more does full coverage cost in Plano?

Paying less for car insurance is the goal of most vehicle owners, and one of the best ways to lower the cost of insurance for high risk drivers is to buy only liability coverage. The diagram below shows the comparison of car insurance rates with and without physical damage coverage. The costs are based on no claims or driving violations, $250 deductibles, single marital status, and no additional discounts are factored in.

If all age groups are averaged, full coverage on your policy costs an extra $2,000 per year over having just liability coverage. At some point, almost every driver questions when is it safe to stop buying full coverage. There is no set guideline to eliminate comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

Can you find cheaper Plano car insurance?

Plano, TX car insurance rates are influenced by many factors that control the price of coverage. Simply turning a year older, moving to a new city, or getting a reckless driving citation can trigger rate changes resulting in some companies being cheaper than before. Not only may your risk profile change, but companies modify pricing as often as every three months to ensure their profitability. An unexpected high level of claims may result in a rate increase, while lower claim expenses may cause lower-cost Plano car insurance rates.

For example, the chart below shows the company with the cheapest car insurance in Plano, TX for a 40-year-old male driver with a clean driving record, no accidents, and a good credit rating. Based on his personal risk profile, Travelers may offer the cheapest car insurance rates in Plano at $1,081 each year. This is $823 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest Plano, TX auto insurance companies.

Now we will give the driver from the first rate comparison a couple of claims, a lower credit rating, and a speeding citation. Since each auto insurer has a different formula to determine rates, analyzing rates could result in a different ranking of cheap Plano auto insurance companies as shown below.

Mercury now has the cheapest auto insurance in Plano with USAA, State Farm, Safe Auto, and Nationwide now being in the top five. This illustrates why it is so important to perform an extensive rate comparison to find the lowest car insurance quotes for high risk drivers. Auto insurance prices consist of many different factors and can change without notice, so the most economical company when you bought your policy may now not even be in the top five.

The Plano car insurance agencies listed below can most likely help you decide which car insurance policy is best, as some drivers aren’t sure which coverage they need and prefer to have professional advice when comparing insurance rates for high risk drivers. It can be complicated to find the best rates on your own, so getting advice from a licensed Texas insurance agent can provide you comfort knowing your coverage gives you decent coverage if you have a claim. To locate an agency by location nearest to you, click the link after the list or click here to compare prices now.

View more Plano, TX insurance agents