The car, truck, or SUV needing coverage is one of the primary factors when comparison shopping for the lowest-priced car insurance for inexperienced drivers. Vehicles with lower acceleration and performance, a great safety record, or a track record of few liability claims will cost significantly less to insure than fast, unsafe models.
The information below estimates car insurance rates for some of the most budget-friendly vehicles to insure in Texas.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $934 |
| Ford Escape XLT 2WD | $942 |
| Toyota Prius | $1,039 |
| Ford Explorer Eddie Bauer 2WD | $1,050 |
| Hyundai Elantra GLS Touring Station Wagon | $1,059 |
| Ford Edge Limited 2WD | $1,089 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,111 |
| Chevrolet Malibu LT | $1,133 |
| Ford Focus SES 4-Dr Sedan | $1,148 |
| Dodge Grand Caravan CV | $1,155 |
| Toyota Corolla XLE | $1,170 |
| Toyota Camry XLE | $1,176 |
| Honda Odyssey EX W/Rear Entertainment | $1,192 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in specific Plano, TX garaging location which can lower or raise coverage rates considerably.
Looking at the rates, makes and models like the Honda CR-V, Ford Escape, and Toyota Prius are likely to be some of the most economical vehicles to insure for new drivers.
One of the many criteria that are looked at to help calculate the annual cost of car insurance is where you keep your car. More densely populated places will most likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower prices.
The following table sorts the most costly cities in Texas for inexperienced drivers in which to buy car insurance. Plano is ranked at #22 with an annual premium of $1,576 for coverage, which is approximately $131 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Dallas | $1,911 |
| 3 | Houston | $1,909 |
| 4 | Brownsville | $1,870 |
| 5 | Amarillo | $1,840 |
| 6 | Laredo | $1,833 |
| 7 | Garland | $1,832 |
| 8 | Irving | $1,789 |
| 9 | Grand Prairie | $1,757 |
| 10 | Mesquite | $1,753 |
| 11 | Pasadena | $1,740 |
| 12 | Beaumont | $1,720 |
| 13 | San Antonio | $1,688 |
| 14 | Lubbock | $1,682 |
| 15 | Austin | $1,676 |
| 16 | Arlington | $1,658 |
| 17 | Fort Worth | $1,653 |
| 18 | Corpus Christi | $1,636 |
| 19 | McKinney | $1,609 |
| 20 | Carrollton | $1,598 |
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Premium amounts are estimated as specific Plano zip code can revise prices considerably.
The chart below demonstrates how choosing different deductibles can influence insurance costs when searching for cheap insurance for inexperienced drivers. The premiums are based on a single female driver, full physical damage coverage, and no discounts are factored in.
The data above shows that a 40-year-old driver could lower rates by $302 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $456 by changing to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could shave up to $766 or more by choosing larger deductibles on their policy. When using a larger deductible, it will now be necessary to have spare funds to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Choosing the highest-rated company can be a challenge considering how many different companies there are to choose from in Plano. The ranking data below can help you pick which auto insurers to look at comparing prices from. The rankings below are only comprised of the largest companies in the United States, so smaller regional companies are not included in these rankings.
| 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 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Difference between full coverage and liability only rates
Saving on insurance is important to the majority of people, and one common way to find cheap insurance for inexperienced drivers is to only pay for liability coverage. The information below compares car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no claims or violations, $500 deductibles, drivers are not married, and no discounts are factored in.
If the expense is averaged for all age categories, full coverage on your policy costs an extra $1,963 per year more than just insuring for liability. Many drivers will wonder if buying full coverage is a waste of money. There is no clear-cut formula to drop physical damage coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your vehicle’s book value is $9,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $8,500 after paying your deductible. If you are paying more than $850 a year to have full coverage, the it may be a good time to stop paying for full coverage.
How to find cheaper car insurance for inexperienced drivers
It is possible to find better rates, and here are some of the recommended thrifty ideas that can help Texas drivers get low-cost coverage.
- Full coverage may not be needed on older vehicles
- Higher comprehensive and collision coverage deductibles will save money
- Save money by staying claim-free
- Avoid accidents
- Avoid speeding and other traffic citations and pay less
- Compare quotes from other companies often
The last item on the list is very necessary, as we pointed out in this article. Prices charged by car insurance companies in Plano adjust frequently, so you should be ready to change to a new company if a better rate can be found.
Many drivers tend to have loyalty to a certain company, but we do not recommend it if it’s costing you hundreds every year. Now is a great time to shop around and find cheaper car insurance for inexperienced drivers.