Who Has Cheap Plano Auto Insurance for Uninsured Drivers?

The make and model of vehicle that is being insured is one of the largest factors when comparing quotes for economical auto insurance for uninsured drivers. Vehicles with lots of horsepower, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models. The data below features coverage costs for a handful of the cheapest vehicles to insure in Texas.

Cheapest Vehicles to Insure in Plano, TX
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLT 2WD $1,026
Toyota Prius $1,039
Honda CR-V EX 4WD $1,050
Volkswagen Jetta S 2.5 Station Wagon $1,118
Ford Edge SE 2WD $1,124
Ford Explorer Limited 2WD $1,133
Dodge Grand Caravan Crew $1,141
Dodge Ram 3500 Crew Cab Laramie 2WD $1,133
Honda Odyssey LX $1,166
Toyota Camry SE $1,170
Ford Fusion SEL 4-Dr Sedan $1,192
Ford F-150 Lariat King Ranch 4WD $1,211
Chevrolet Malibu LS $1,216
Toyota RAV4 4WD $1,223
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,240
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price estimates do not factor in specific garaging location which can alter coverage prices significantly.

Based upon these rates, you can see that cars like the Ford Escape, Toyota Prius, Honda CR-V, Volkswagen Jetta, and Ford Edge should be some of the cheapest vehicles to insure for drivers with no prior coverage.

Locating affordable car insurance is easier said than done, and deciding which companies quote the most affordable car insurance rates for uninsured drivers involves even more perseverance. Each auto insurance company uses slightly different criteria for filing rates in each state, so we’ll take a look at the car insurance companies with the overall cheapest rates in Plano, TX.

Best Insurance Companies in Texas

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Texas auto insurance company rankings
Rank Company Cost Per Year
1 Travelers $1,010
2 USAA $1,128
3 Texas Farm Bureau $1,211
4 Germania Mutual $1,282
5 Esurance $1,365
6 California Casualty $1,424
7 Mercury $1,461
8 State Farm $1,465
9 Safe Auto $1,549
10 Nationwide $1,553
11 Allstate $1,650
12 Progressive $1,664
13 Amica $1,705
14 Home State $2,071
15 GEICO $2,135
16 MetLife $2,161
17 Encompass $2,301
18 Unitrin $2,333
19 21st Century $2,469
20 Titan $2,672
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Travelers may offer some of the most affordable car insurance rates in Plano at around $1,010 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the more affordable Plano, TX auto insurance companies.

As the rates illustrate above, if you are a customer of USAA and switched to Travelers, you might realize savings of in the vicinity of $118. Drivers with Texas Farm Bureau could save as much as $201 a year, and Germania Mutual customers might realize rate reductions of up to $272 a year.

These policy prices are averages across all ages of drivers and types of vehicles and do not take into consideration a specific zip code for uninsured drivers. So the car insurance company that fits your needs best may not even be in the list above. That’s why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.

Does full coverage make sense?

Reducing premiums for car insurance is the goal of the majority of drivers, and a great way to buy cheaper insurance for uninsured drivers is to only buy liability insurance. The diagram below shows the difference between insurance premiums with and without physical damage coverage. The data is based on no claims or driving violations, $1,000 deductibles, single marital status, and no additional discounts are factored in.

On average, full coverage on your policy costs $1,598 per year over and above liability only. That raises the question if physical damage coverage is worth the money. There isn’t a steadfast formula to exclude full coverage, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s pretend your vehicle’s replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after you pay the deductible. If you are paying in excess of $200 annually to have full coverage, then you may want to consider only buying liability coverage.

There are a few cases where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

The chart below shows how choosing a deductible can influence premium costs when researching cheap insurance for uninsured drivers. The premium estimates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

A 50-year-old driver could lower their car insurance rates by $426 a year by increasing from a $100 deductible up to a $500 deductible, or save $638 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could shave up to $1,414 or even more just by choosing larger deductibles. If you do decide to increase your deductibles, it will be required to have enough savings set aside to be able to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Get discount Plano auto insurance

Discounts on car insurance for uninsured driversInsurance companies that offer cheap quotes for uninsured drivers could also offer policy discounts that can reduce rates by as much as 30% if you meet certain criteria. A few popular companies and a selection of discounts are outlined below.

The information below illustrates the difference between auto insurance rates with and without discounts applied to the policy premium. Data assumes a male driver, no violations or claims, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with safe-driver, multiple policy, marriage, defensive driving course, homeowner, and multiple vehicle discounts applied. In this example, theaverage yearly reduction on car insurance for uninsured drivers is 28% or $669.