The type of vehicle that needs insurance is one of the main factors in finding economical auto insurance for high mileage drivers. Vehicles with economical engines, an excellent safety record, or a positive history of liability claims will cost much less to insure than higher performance models.
The next table presents car insurance costs for a number of the most affordable automobiles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Jeep Wrangler Sport 4WD 2-Dr||$887|
|Honda Accord LX 4-Dr Sedan||$977|
|Volkswagen Jetta S 4-Dr Sedan||$1,011|
|Dodge Grand Caravan Hero||$1,020|
|Chevrolet Equinox LS 2WD||$1,011|
|Ford Escape XLS 2WD||$1,046|
|Honda CR-V EX 4WD||$1,071|
|Chevrolet Malibu LTZ||$1,082|
|Jeep Grand Cherokee Limited 4WD||$1,088|
|Honda Odyssey Touring||$1,082|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$1,101|
|Dodge Ram Quad Cab ST 4WD||$1,103|
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can alter premium rates greatly.
By looking at the data, we can infer that models like the Jeep Wrangler, Toyota Prius, and Honda Accord are going to be the most economical vehicles to insure for high mileage drivers.
Buying affordable insurance is tough enough, and finding out which company quotes the most affordable auto insurance rates for high mileage drivers requires even more perseverance. Each insurance company uses a different method to establish rates, so first we will examine the auto insurance companies with the most affordable rates in Plano.
It’s important to know that Plano, TX auto insurance rates are calculated based on many things that can increase the price you pay. Simply improving your credit score, moving to a different location, or getting caught speeding may generate price changes resulting in some rates now being more expensive than before.
Cheapest Insurance Rates in Texas
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers has some of the cheapest car insurance rates in Plano at around $1,041 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the most economical Plano, TX car insurance companies.
As shown in the rates above, if you currently have a policy with USAA and switched to Travelers, you may see an annual premium reduction of in the vicinity of $43. Customers with Texas Farm Bureau might save as much as $158 a year, and Germania Mutual customers might see rate reductions of $253 a year.
To find the cheapest coverage for you, click here to get quotes or visit several of the following companies.
Remember that these rates are averaged for all types of insureds and vehicles and are not factoring in an exact zip code location for high mileage drivers. So the auto insurance company that can offer the best rates for your situation may not even be in the top 23 companies in the list above. That illustrates why you need to quote rates from many companies using your own driver information and specific vehicle type.
For high mileage drivers, one of the largest components that are used to help calculate car insurance rates is where your car is garaged in Plano. More densely populated places are more likely to have higher rates, whereas areas that tend to be more rural have the benefit of cheaper car insurance.
The table below lists the highest-priced areas in Texas for high mileage drivers to purchase auto insurance in. Plano ranks #23 with a yearly premium of $1,560 for coverage, which is approximately $130 each month.
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Table data uses approximated as specific Plano zip code can modify premium rates significantly.
Insuring your vehicle with a good quality insurance company can be difficult considering how many companies there are in Plano. The ranking information listed below can help you decide which coverage providers to look at when comparing auto insurance rates for high mileage drivers. The rankings below only include the companies with a significant amount of written premium nationwide, so smaller companies that only insure vehicles in Texas are not factored into the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The information below illustrates how your deductible choice can affect yearly insurance costs when quoting cheap insurance for high mileage drivers. The information is based on a married male driver, full physical damage coverage, and no discounts are applied to the premium.
The data above shows that a 50-year-old driver could cut expenses by $318 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $480 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 category, could possibly save $1,060 every year just by choosing higher deductibles.
When raising deductibles, it is necessary to have enough spare savings to satisfy the extra out-of-pocket expense associated with higher deductibles.
Here’s why you should compare rates often
Texas auto insurance rates are influenced by many factors that control the price of your policy. Improving your credit rating, buying a different vehicle, or having an accident can produce rate changes that can now make some companies cheaper than before.
And not only may your rating factors change, but insurance companies modify pricing every year or even multiple times each year to reflect underwriting profits or losses. A period of increased losses may cause price increases, while profitable underwriting may result in cheaper Plano car insurance rates.
For instance, the graph below shows which companies have the cheapest car insurance in Plano, TX for a 45-year-old female driver with a clear driving record, no claims, and excellent credit. If we estimate rates based on her current rating profile, Travelers may have the lowest car insurance rates in Plano at $1,059 a year. This is $845 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty round out the rest of the best Plano, TX auto insurance companies.
Let’s now give the driver from the first set of rates an accident claim, a lower credit score, and a few blemishes on her driving record. Due to the fact that each insurance company has a different formula to set policy rates, comparing quotes may now result in a significantly different list of the cheapest companies as shown below.
State Farm now has the best car insurance rate in Plano with Mercury, Nationwide, Safe Auto, and USAA completing the list. This shows why it is critical to compare many different companies when trying to find affordable car insurance rates for high mileage drivers.
Rates can be determined by many different factors and change dramatically, so the best option a year ago may now be priced much higher than other options.
How to find budget-friendly car insurance for high mileage drivers
The list below details some of the better penny-pinching suggestions that can help you buy lower-cost coverage.
- Having at-fault accidents will increase rates
- Safer vehicles cost less to insure
- Claim-free policyholders usually earn a discount
- Multi-policy discounts save money
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Compare rate quotes frequently
That last piece of advice is particularly significant, as was noted in this write-up. Rates change frequently, so drivers shouldn’t be reluctant to buy a different policy if a better rate can be found. Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that loyalty ends up costing major coinage every year. It only take a few minutes to shop around and find cheaper car insurance for high mileage drivers in Plano.
The agencies below are willing to help you determine which coverages and limits you need, since lots of people like to get some professional advice when trying to find lower insurance rates for high mileage drivers. It’s not always easy to find the best rates on your own, and a professional agent can add satisfaction knowing you have adequate protection in case of an accident or claim.
To locate a Plano auto insurance agent near you, click the link after the list.
Burl Wood – State Farm Insurance Agent
3608 Preston Rd #200 – Plano, TX 75093 – (972) 867-0090
Sterling Insurance Group
3415 Custer Rd #161 – Plano, TX 75023 – (972) 964-4825
A-Z Insurance Agency
1110 E Parker Rd #106 – Plano, TX 75074 – (972) 200-5070
Allstate Insurance: Shelly Balleza
801 E Plano Pkwy #206 – Plano, TX 75074 – (972) 244-6560
Korina Hernandez – State Farm Insurance Agent
2301 N Central Expy #260 – Plano, TX 75075 – (972) 423-7667