What Car Insurance is Cheapest for Drivers Requiring a SR22 in Plano?

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The vehicle model on the policy is a large factor when shopping for the most affordable auto insurance for drivers requiring a SR22. Vehicles with lots of horsepower, poor crash test ratings, or a history of substantial liability claims will cost substantially more to insure than safer, lower-performance models. The table below features insurance costs for the cheapest automobiles to insure in Texas.

Cheapest Vehicles to Insure in Plano, TX
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 2WD $2,890
Ford Escape XLT 4WD $2,923
Honda Accord LX-P 4-Dr Sedan $3,026
Toyota Prius $3,258
Ford Edge SEL AWD $3,391
Chevrolet Impala LT $3,423
Chevrolet Malibu LS $3,429
Toyota RAV4 Sport 2WD $3,423
Ford F-150 STX Super Cab 2WD $3,464
Dodge Grand Caravan SE $3,503
Honda Civic LX-S 4-Dr Sedan $3,543
Ford Focus SEL 4-Dr Sedan $3,553
Jeep Grand Cherokee Laredo 4WD $3,586
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $3,608
Honda Odyssey Touring $3,614
Ford Explorer Limited 2WD $3,621
Toyota Tacoma Double Cab TRD Sport Package 4WD $3,629
GMC Sierra 3500HD SLE Regular Cab 2WD $3,643
Chevrolet Equinox LT AWD $3,672
Hyundai Elantra GLS 4-Dr Sedan $3,749
Volkswagen Jetta SE 4-Dr Sedan $3,783
Chevrolet Silverado LTZ Crew Cab 4WD $3,788
Ford F-350 Super Cab Cabela Package 2WD $3,820
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Price data assumes single female driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Estimates do not factor in vehicle garaging location which can increase or decrease premium rates greatly.

Looking at the numbers, you can infer that makes and models like the Honda CR-V, Ford Escape, Honda Accord, Toyota Prius, and Ford Edge are likely to be the most affordable vehicles to insure for high risk drivers. The price for an auto insurance policy will be more costly because there is a higher risk for drivers requiring a SR22, but generally speaking those specific models will probably have the best rates compared to other types of vehicles.

For high risk drivers, one of the big factors that aid in calculating the annual cost of car insurance is the neighborhood you call home. Regions with more people or even just more weather-related claims tend to pay slightly more, whereas areas with less congestion have the benefit of cheaper car insurance.

The table below shows the highest-priced places in Texas for drivers requiring a SR22 to purchase auto insurance in. Plano is listed at #21 having an annual price of $1,576 for the average insurance policy, which is around $131 per month.

How much is auto insurance in Plano, TX?
Rank City Average Per Year
1 McAllen $1,996
2 Brownsville $1,927
3 Laredo $1,907
4 Houston $1,891
5 Dallas $1,855
6 Grand Prairie $1,811
7 Irving $1,789
8 Amarillo $1,786
9 Garland $1,778
10 Mesquite $1,753
11 Pasadena $1,740
12 Lubbock $1,733
13 Beaumont $1,720
14 San Antonio $1,671
15 Fort Worth $1,653
16 Arlington $1,642
17 McKinney $1,625
18 Carrollton $1,615
19 Austin $1,610
20 Waco $1,584
21 Plano $1,576
22 Corpus Christi $1,572
23 El Paso $1,568
24 Abilene $1,561
25 Killeen $1,488
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Rate information is estimated as specific Plano garaging address can increase or decrease coverage rates considerably.

Finding good, low-priced auto insurance is easier said than done, and deciding which company has the best car insurance rates for drivers requiring a SR22 may require a bit more work. Every insurance company uses their own formula for determining rates, so first we will examine the car insurance companies with the overall best prices in Texas.

We do need to point out that Plano car insurance rates are influenced by many factors which can significantly increase or decrease the cost of having a policy. Turning one year older, buying a higher-value vehicle, or getting a driving violation can trigger rate changes that can now make some companies more expensive than competitors.

Best Auto Insurance Prices for SR22 Drivers

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Texas auto insurance company rankings
Rank Company Cost Per Year
1 Travelers $1,052
2 USAA $1,095
3 Texas Farm Bureau $1,235
4 Germania Mutual $1,256
5 Esurance $1,421
6 California Casualty $1,424
7 State Farm $1,450
8 Mercury $1,521
9 Nationwide $1,585
10 Safe Auto $1,597
11 Progressive $1,698
12 Amica $1,705
13 Allstate $1,718
14 GEICO $2,072
15 Home State $2,134
16 MetLife $2,183
17 Encompass $2,301
18 Unitrin $2,310
19 21st Century $2,421
20 Titan $2,672
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Travelers generally has some of the cheapest car insurance rates in Plano at around $1,052 per year. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheaper Plano, TX car insurance companies.

As the example above demonstrates, if you are insured with USAA and switched to Travelers, you may realize an annual premium reduction of in the neighborhood of $43. Drivers with Texas Farm Bureau might save as much as $183 a year, and Germania Mutual customers might see rate reductions of $204 a year.

It's important to note that these prices are averages for all drivers and vehicles in Texas and and are not figured with an exact location for drivers requiring a SR22. So the company that can offer you the lowest price may not even be in the top 23 companies shown above. That underscores the importance of why you need to get rate quotes from many companies using your own driver data and vehicle information.

The chart below demonstrates how deductible levels can increase or decrease insurance rates when quoting cheap insurance for drivers requiring a SR22. The premiums assume a single male driver, comp and collision included, and no discounts are applied.

A 50-year-old driver could lower their policy premium by $374 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $564 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, can save as much as $1,236 each year by selecting a higher deductible. When raising deductibles, it will be important to have enough funds in savings to allow you to pay the extra out-of-pocket expense that is associated with using high deductibles.

Types of discounts on Plano auto insurance rates

Car insurance for high risk drivers in Plano, TXInsurers that sell policies for drivers requiring a SR22 may provide special discounts that could reduce prices by as much as 35% if you meet specific eligibility requirements. Larger car insurance companies and their offered discounts are included below.

The example below compares insurance prices with and without discounts being applied to the rates. The data assumes a male driver, three speeding tickets and one accident, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with vehicle safety, paperless filing, continuous coverage, anti-theft, homeowner, and multiple policy discounts applied. When taking advantage of discounts, theaverage amount saved on car insurance for drivers requiring a SR22 is 28% or $807.

What is the best car insurance company in Plano?

Insuring your vehicle with the best insurer is difficult considering how many different insurance companies sell coverage in Plano. The company information in the lists below could help you analyze which coverage providers you want to consider when trying to find the cheapest insurance for drivers requiring a SR22.

The rankings below are only made up of large nationwide companies, so companies with more of a regional focus will not be included in the list. To get price quotes from the insurers below and more, click this link.

Top 10 Large Auto 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 Auto Insurance Companies in Plano Ranked by A.M. Best Rating

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Titan Insurance - A+
  6. Esurance - A+
  7. Progressive - A+
  8. The Hartford - A+
  9. Allstate - A+
  10. Nationwide - A+