What Auto Insurance is Cheapest for Electric Cars in Plano?

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The vehicle requiring coverage is one of the largest factors when shopping for the best insurance for electric cars. Vehicles with limited speed and performance, advanced safety features, or a track record of few liability claims will cost significantly less to insure than high performance models. The information below features car insurance costs for a number of the most cost-effective vehicles to insure in Texas.

Cheapest Vehicles to Insure in Plano, TX
Vehicle Estimated Cost for Full Coverage
Ford Explorer XLT AWD $919
Ford Escape XLS 2WD $942
Honda CR-V EX-L 2WD $962
Dodge Grand Caravan Hero $970
Toyota RAV4 Limited 4WD $977
Toyota Tacoma Double Cab 4WD $989
Toyota Corolla S $1,020
Toyota Camry SE $1,026
Chevrolet Impala LTZ $1,020
Toyota Prius $1,040
Honda Accord LX-S 2-Dr Coupe $1,092
Volkswagen Jetta LE 4-Dr Sedan $1,112
Ford F-150 XLT Regular Cab 4WD $1,127
Ford F-350 Super Cab Harley Turbo Diesel 2WD $1,136
Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD $1,127
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,153
Ford Edge Sport AWD $1,170
Honda Odyssey EX-L W/Navigation $1,177
Hyundai Elantra GLS 4-Dr Sedan $1,170
Nissan Altima 2.5 S 4-Dr Sedan $1,179
Chevrolet Malibu Hybrid $1,190
Chevrolet Equinox LTZ AWD $1,196
Ford Fusion SE 4-Dr Sedan $1,190
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can decrease or increase insurance rates considerably.

Looking at the rates, you can infer that makes and models like the Ford Explorer, Ford Escape, Honda CR-V, Dodge Grand Caravan, and Toyota RAV4 are most likely going to be the most budget-friendly vehicles to insure for eco-friendly vehicles.

For eco-friendly vehicles, one of the big considerations that determine insurance cost is where you call home in Plano. Areas with more people or more claims will most likely pay more, whereas areas that tend to be more rural can boast about having cheaper rates.

The information below lists the highest-priced areas in Texas for electric cars to buy car insurance in. Plano is ranked at #22 with an annual rate of $1,576 for the average policy, which is approximately $131 monthly.

How much does car insurance cost in Plano, TX?
Rank City Annual Premium
1 McAllen $1,996
2 Laredo $1,907
3 Dallas $1,893
4 Houston $1,853
5 Brownsville $1,851
6 Garland $1,832
7 Grand Prairie $1,811
8 Amarillo $1,804
9 Pasadena $1,794
10 Irving $1,789
11 Beaumont $1,772
12 Mesquite $1,771
13 Lubbock $1,733
14 San Antonio $1,722
15 Arlington $1,692
16 Austin $1,659
17 El Paso $1,632
18 McKinney $1,625
19 Fort Worth $1,621
20 Carrollton $1,598
21 Corpus Christi $1,588
22 Plano $1,576
23 Waco $1,569
24 Abilene $1,515
25 Killeen $1,473
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Information shown are comparative as specific Plano garaging address can change prices greatly.

Buying coverage from the right auto insurance company can be challenging considering how many companies are available to choose from in Texas. The company ratings below could help you decide which insurers to look at comparing price quotes from. These ratings are only comprised of the largest auto insurers in America, so smaller regional companies will not be included in these rankings.

Top 15 Car Insurance Companies for Electric Cars in Texas
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
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Data Source: Insure.com Best Car Insurance Companies

Cost comparison with and without full coverage

Finding the cheapest car insurance is the goal of most vehicle owners, and one of the best ways to lower the cost of insurance for electric cars is to buy liability only. The information below visualizes the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The information is based on a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

On average, full coverage on your policy costs an extra $1,598 per year more than just buying liability only. Lot's of drivers question if it's worth it to buy full coverage. There is no exact formula to stop paying for comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let's say your vehicle's replacement value is $12,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $11,000 after paying your policy deductible. If you are currently paying more than $1,100 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are some cases where dropping full coverage is not recommended. If you still owe money on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

Tips for finding economical car insurance for electric cars

The list below shows some money-saving suggestions that can help drivers find lower-cost coverage.

The last suggestion is incredibly important, as we pointed out in the prior information. Car insurance rates change constantly, so don't be unwilling to buy a policy from a new company if a more affordable rate is found. Having a favorite company is great, but we do not recommend it if that loyalty ends up costing money that could be used for better things. Take a couple minutes and shop around and find cheaper auto insurance for electric cars in Plano.

If you aren't clear which coverage you need and would like to get some professional advice when trying to find lower insurance rates for eco-friendly vehicles, the insurance agencies listed below are willing to help you determine which coverages you need.

To find a Plano insurance agent close to where you live, click the link at the bottom or click here to get price quotes now.

View map of Plano, TX insurance agents