Who Has the Cheapest Auto Insurance Quotes for Low Credit Scores in Plano?

For bad credit, one of the more important things that determine auto insurance rates is your zip code. Areas with more people or more claims are more likely to pay higher prices, whereas areas with less congestion have the gratification of cheaper auto insurance rates.

The following table lists the highest-priced places in Texas for low credit scores to purchase auto insurance in. Plano shows up at #21 having an annual price of $1,608 for the average insurance policy, which is around $134 each month.

How much does auto insurance cost in Plano?
Rank City Annual Premium
1 McAllen $1,996
2 Brownsville $1,927
3 Houston $1,891
4 Laredo $1,889
5 Amarillo $1,858
6 Dallas $1,855
7 Mesquite $1,825
8 Garland $1,778
9 Beaumont $1,754
10 Pasadena $1,740
11 Grand Prairie $1,740
12 San Antonio $1,739
13 Irving $1,736
14 Arlington $1,709
15 Fort Worth $1,670
16 Lubbock $1,665
17 Corpus Christi $1,636
18 El Paso $1,632
19 Austin $1,610
20 McKinney $1,609
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Premium costs are comparative as the garaging address in Plano can increase or decrease auto insurance rates greatly.

The vehicle model you are buying coverage for is a significant factor when looking for the lowest-priced insurance for low credit scores. Vehicles with lots of speed or power, poor passenger safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models. The next table estimates insurance prices for a number of the more affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Plano, TX
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLS 4WD $934
Honda CR-V LX 4WD $940
Honda Accord EX-L 4-Dr Sedan $1,017
Toyota Prius $1,039
Honda Odyssey EX $1,089
Ford Explorer Eddie Bauer AWD $1,133
Chevrolet Malibu LT $1,143
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,144
Toyota Tacoma 4WD $1,148
Hyundai Elantra SE 4-Dr Sedan $1,170
Toyota Corolla XLE $1,175
Chevrolet Equinox LTZ AWD $1,192
Kia Optima LX $1,197
Ford Fusion Sport 4-Dr Sedan $1,192
Chevrolet Impala LS $1,201
Volkswagen Jetta S 4-Dr Sedan $1,216
Toyota RAV4 Limited 4WD $1,222
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in Plano, TX location which can modify coverage rates substantially.

Based upon these rates, you can expect models like the Ford Escape, Honda CR-V, Honda Accord, Toyota Prius, and Honda Odyssey are some of the most economical vehicles to insure for bad credit.

Buying coverage from a high-quality insurance provider is hard considering how many companies are available to choose from in Plano. The ranking information in the next section can help you decide which providers to look at when shopping insurance around for low credit scores.

The ratings below only include companies with a national presence, so companies that may only write in Texas are not included in this list. To get price quotes from these top-rated insurers and more, click this link.

Top 10 Large Car Insurance Companies in Plano Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Large Car Insurance Companies in Plano Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

How to get discounts on Plano insurance rates

Car insurance for bad credit in Plano, TXInsurance companies that provide policies for low credit scores may provide rate discounts that could lower prices by 25% or more if you meet certain criteria. Companies and a partial list of their discounts are:

The information below shows the difference between auto insurance costs with and without discounts applied to the policy premium. The information is based on a male driver, no claims or driving citations, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with defensive driving course, safe-driver, anti-theft, vehicle safety, accident-free, and multiple vehicle discounts applied. With discounts applied, the average amount saved each year on car insurance for low credit scores is 28% or $827.

The illustration below illustrates how choosing a deductible can increase or decrease insurance prices when getting quotes for cheap insurance for low credit scores. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are factored in.

In the chart above, 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 using a $1,000 deductible. Young drivers, such as the Age 20 example, could shave up to $1,414 annually by choosing a higher deductible. When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have enough funds in savings to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

How to find the cheapest auto insurance for low credit scores

It is possible to find better rates, and here are many penny-pinching ideas that can help Texas drivers get cheaper coverage.

The last item on the list is especially valuable, as was discussed in this piece. Insurance rates in Plano fluctuate constantly, so don’t be tentative to buy from a new company if a more affordable rate is found.

We understand brand loyalty, but it isn’t a good idea if that faithfulness ends up costing you money that could be spent on other things. Spend a few minutes and compare prices to find cheaper car insurance for low credit scores.

If you aren’t sure which coverage to buy and prefer to have a consultation when shopping around for cheaper insurance for low credit scores, the agencies below are willing to answer your questions and help you decide which insurance coverage will be best for you.

To find a Plano insurance agency closest to you, click the button at the bottom.

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