The car, truck, or SUV requiring coverage is a large factor when comparing quotes for the lowest-priced car insurance for low income drivers. Vehicles with lower performance, good crash test ratings, or a track record of few liability claims will cost less to insure than fast, unsafe models.
The information below shows insurance rates for a handful of the most affordable automobiles to insure in Texas.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Jeep Wrangler Sport 4WD 2-Dr | $935 |
| Honda Accord LX 4-Dr Sedan | $990 |
| Honda CR-V LX 4WD | $1,023 |
| Ford Escape XLT 4WD | $1,048 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,061 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,072 |
| Chevrolet Malibu LT | $1,091 |
| Toyota Prius | $1,102 |
| Nissan Rogue SL 2WD | $1,149 |
| GMC Sierra SLE Crew Cab 2WD | $1,159 |
| Dodge Grand Caravan SE | $1,151 |
| Honda Odyssey EX W/Rear Entertainment | $1,161 |
| Ford Edge Limited 2WD | $1,151 |
| Toyota RAV4 Sport 2WD | $1,175 |
| Chevrolet Equinox LS AWD | $1,181 |
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in specific location information which can alter insurance rates noticeably.
Based upon the table data, we can conclude that models like the Jeep Wrangler, Honda Accord, Honda CR-V, Ford Escape, and Volkswagen Jetta should be the more affordable vehicles to insure for poor drivers.
For poor drivers, one of the largest factors that are looked at to determine the amount you pay for auto insurance is where you choose to live. Regions with larger populations or more claims will most likely have higher rates, whereas less populated areas have the enjoyment of a little cheaper coverage.
The next table shows the priciest cities in Texas for low income drivers to buy auto insurance in. Plano is ranked at #17 with an annual premium of $1,624 on average, which is about $135 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Dallas | $1,911 |
| 3 | Brownsville | $1,908 |
| 4 | Houston | $1,891 |
| 5 | Amarillo | $1,858 |
| 6 | Laredo | $1,833 |
| 7 | Grand Prairie | $1,811 |
| 8 | Garland | $1,796 |
| 9 | Irving | $1,772 |
| 10 | Beaumont | $1,772 |
| 11 | Mesquite | $1,753 |
| 12 | Pasadena | $1,740 |
| 13 | Lubbock | $1,733 |
| 14 | Austin | $1,676 |
| 15 | San Antonio | $1,671 |
| 16 | Arlington | $1,658 |
| 17 | Plano | $1,624 |
| 18 | Carrollton | $1,615 |
| 19 | McKinney | $1,609 |
| 20 | Fort Worth | $1,604 |
| 21 | El Paso | $1,584 |
| 22 | Corpus Christi | $1,572 |
| 23 | Waco | $1,537 |
| 24 | Abilene | $1,499 |
| 25 | Killeen | $1,473 |
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Price information shown is comparative as vehicle location can impact auto insurance rates considerably.
Figuring out which companies have the lowest-priced auto insurance rates for low income drivers will involve a bit more work in order to find coverage that fits your budget.
Each insurer has a unique approach to determine premium rates, so we will examine the auto insurance companies with the overall best prices in Plano. It’s a good idea to know that Texas auto insurance rates are determined by lots of factors that may substantially change the price of coverage. Simply improving your credit, having a claim, or having a fender bender can trigger rate changes that may make certain companies more affordable than others.
Best Insurance Companies in Texas
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,247 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,438 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,461 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,549 |
| 11 | Allstate | $1,667 |
| 12 | Progressive | $1,715 |
| 13 | Amica | $1,723 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,072 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,594 |
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Travelers quotes some of the best car insurance rates in Plano at around $1,041 annually. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the cheaper Plano, TX car insurance companies.
As shown above, if you are a policyholder with Germania Mutual and switched to Travelers, you could see an annual savings of about $253. Texas drivers with Esurance might save as much as $366 a year, and California Casualty customers might see rate reductions of $397 a year.
To find cheaper insurance rates for your vehicle, click here or click several companies below for low rates.
It’s important to note that these policy rates are averages across all types of drivers and the different vehicles they drive and and are not calculated with a specific zip code for low income drivers. So the car insurance company that fits your needs best may not even be in the top 23 companies in the list above. That is why you need to compare prices as often as possible using your own specific driver and vehicle information.
Impact of citations and accidents on Plano insurance rates
In a perfect world, the best way to maintain the cheapest auto insurance premiums for poor drivers is to be a careful driver and avoid at-fault accidents and violations. The illustration below demonstrates how citations and at-fault collisions drive up insurance costs for different age groups of insureds. The data is based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
In the chart above, the average cost of auto insurance per year with no accidents and a clean driving record is $1,472. Add in two speeding tickets and the average cost swells to $2,025, an increase of $553 each year. Now add one accident along with the two speeding tickets and the 12-month cost of auto insurance for low income drivers increases to an average of $2,586. That’s an increase of $1,113, or $93 per month, just for a couple of infractions!
Discount Plano insurance
Car insurance companies that offer coverage for low income drivers may also offer price discounts that could potentially reduce rates by as much as 40% or more if you are eligible to receive them. Popular auto insurance companies and a selection of discounts are detailed below.
- Farmers Insurance has savings for pay in full, multi-car, switch companies, mature driver, and business and professional.
- Esurance policyholders can earn discounts including renters, Switch & Save, Pac-12 alumni, anti-theft, and defensive driver.
- State Farm has discounts for multiple autos, multiple policy, defensive driving training, accident-free, student away at school, Steer Clear safe driver discount, and anti-theft.
- GEICO offers premium reductions for seat belt use, anti-theft, anti-lock brakes, defensive driver, five-year accident-free, and membership and employees.
- Allstate offers discounts including multi-policy, anti-lock brakes, good student, senior citizen, and premier discount.
The illustration below illustrates the comparison of yearly insurance costs with and without policy discounts. The premium estimates are based on a female driver, no driving violations, 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 vehicle safety, multiple vehicle, passive restraint, multiple policy, homeowner, and claim-free discounts applied. When drivers take advantage of discounts, the average savings per year on auto insurance for low income drivers is 28% or $425.
Low rates today, overpriced tomorrow
Texas auto insurance rates are impacted by many factors that can increase the price you pay. Getting older, increasing liability limits, or getting into an accident can cause premium changes resulting in some rates now being affordable when they were higher priced. Not only may things change on your end, but insurers change their prices multiple times each year to adjust for heavy claims or excess profits. Unexpectedly high claims may cause additional premium costs, while lower claim levels can result in cheaper Plano car insurance rates.
The data below shows a variety of companies that have the cheapest car insurance in Plano, TX for a 30-year-old female driver with no violations or accidents, and a high credit rating. Based on her current risk factors, Travelers quotes the best car insurance rates in Plano at $1,116 annually. This is $788 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the list of the most affordable Plano, TX auto insurance companies.
Let’s now give the driver from the first set of rates an at-fault accident, a lower credit rating, and a blemish on her driving record. Because each insurer has their own process for determining prices, analyzing rates may now present a completely different list of cheap Plano auto insurance companies as shown below.
USAA now has the cheapest auto insurance in Plano, TX with State Farm, Mercury, Nationwide, and Safe Auto also having competitive pricing. This shows why it is so important to compare lots of rates to find cheap car insurance quotes for low income drivers. Insurance rates are determined by many things and can decrease or increase without notice, so the most economical company the last time you checked may now cost much more than other companies.