Who Has the Cheapest Auto Insurance Rates for Teachers in Plano?

Finding budget auto insurance is easier said than done, and finding out which company offers the best auto insurance rates for teachers takes even more work. Each company uses a little different formula for setting rates, so let’s take a look at the most competitive auto insurance companies in Plano, TX.

It’s important to know that Plano auto insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay for coverage. This is why it is crucial to spend some time comparing rates to find the best insurance rates for teachers. Insurance prices consist of many different factors and can change without notice, so the best company two years ago may now be costing you a lot of money.

Cheap Insurance Rates for Educators

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Cheapest Texas car insurance ranked by price
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,117
3 Germania Mutual $1,244
4 Texas Farm Bureau $1,247
5 Esurance $1,379
6 California Casualty $1,424
7 State Farm $1,495
8 Mercury $1,521
9 Nationwide $1,600
10 Safe Auto $1,613
11 Progressive $1,647
12 Allstate $1,701
13 Amica $1,757
14 GEICO $2,072
15 Home State $2,134
16 MetLife $2,183
17 Encompass $2,232
18 Unitrin $2,264
19 21st Century $2,396
20 Titan $2,646
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Travelers has some of the cheapest car insurance rates in Plano at around $1,041 each year. USAA, Germania Mutual, Texas Farm Bureau, and Esurance also qualify as some of the lowest-priced Plano, TX insurance companies.

In this example, if you currently have a policy with Esurance and switched to USAA, you may realize annual savings of approximately $262. Policyholders with California Casualty might save as much as $307 a year, and State Farm customers might reduce rates by $378 a year.

Be aware that those rates are averaged across all types of insureds and vehicles and and are not calculated with a specific zip code for teachers. So the car insurance company that has the cheapest price for you may not even be in the top 23 companies shown above. That points out the importance of why you need to get quotes using your own driver information and specific vehicle type.

One of the many criteria that are looked at to determine the price you pay for insurance is where you live in Plano. Cities with more crime and/or more people likely pay more, whereas less populated areas have the benefit of cheaper car insurance.

The following table rates the priciest cities in Texas for teachers in which to buy car insurance. Plano makes the list at #21 costing $1,608 on average, which is approximately $134 monthly.

How much does auto insurance cost in Plano?
Rank City Average Per Year
1 McAllen $1,996
2 Brownsville $1,927
3 Amarillo $1,858
4 Garland $1,850
5 Dallas $1,837
6 Houston $1,835
7 Laredo $1,833
8 Grand Prairie $1,811
9 Mesquite $1,807
10 Pasadena $1,794
11 San Antonio $1,739
12 Beaumont $1,720
13 Irving $1,719
14 Lubbock $1,716
15 Fort Worth $1,653
16 Carrollton $1,647
17 Arlington $1,642
18 Corpus Christi $1,636
19 Austin $1,627
20 El Paso $1,616
21 Plano $1,608
22 McKinney $1,561
23 Abilene $1,545
24 Killeen $1,533
25 Waco $1,522
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Premium amounts are approximated as the specific zip code location can modify rates significantly.

The example below demonstrates how choosing different deductibles can affect insurance premiums when researching cheap insurance for teachers. The price estimates are based on a married male driver, comp and collision included, and no other discounts are factored in.

A 40-year-old driver could lower rates by $264 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $402 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old, could potentially save up to $884 each year just by choosing higher deductibles.

When increasing deductibles, it’s a good idea to have additional savings on hand to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Impact of citations and accidents on Plano insurance rates

In a perfect world, the ideal way to maintain low auto insurance premiums in Texas for teachers and educators is to be an attentive driver and avoid accidents and violations. The illustration below shows how speeding tickets and at-fault claims raise auto insurance costs for different age groups. The information is based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

The data charted above shows the average cost of auto insurance in Plano per year with no violations or accidents is $2,297. Get one speeding ticket and the average cost hikes up to $2,602, an increase of $304 each year. Now include one accident along with the one speeding ticket and the yearly cost of auto insurance for teachers increases to an average of $3,470. That’s an increase of $1,172, or $98 per month, just for a couple of infractions!

Insuring your vehicle with the right auto insurance company is difficult considering how many different companies sell coverage in Texas. The company ratings shown below could help you analyze which auto insurers you want to consider when shopping car insurance rates for teachers.

These rankings only include large, nationwide insurance companies, so companies with more of a regional focus are not included in the list. To compare prices from these top insurers and more, just click here.

Top 10 Large Auto 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%

Top 10 Large Auto 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

Why are you paying too much for Plano car insurance?

Plano, TX auto insurance rates are impacted by many things that will increase or decrease the price of coverage. Simply having another birthday, filing a claim, or getting a ticket for careless driving can trigger rate changes that can cause some rates to be cheaper than before. And not only may your rating factors change, but insurance companies amend premium rates multiple times each year to ensure their profitability. Significantly higher losses can result in higher prices, while a lower level of claims can cause lower-priced Plano car insurance rates.

The chart below demonstrates which company has the cheapest car insurance in Plano, TX for a 40-year-old female driver with no prior claims, no tickets, and solid credit. When comparing rates based on her current rating profile, Travelers might offer the cheapest car insurance rates in Plano at $1,070 annually. This is $834 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remainder of the cheapest Plano, TX auto insurance companies.

The example below compares rates after we give the driver in the first example an accident surcharge, bad credit, and a speeding ticket. Because each insurer has their own process for establishing rates, comparing rates may now present a substantially altered list of companies as shown below.

State Farm now has the cheapest insurance rate in Plano, TX with Mercury, Safe Auto, Nationwide, and USAA also being competitive. This example illustrates why it is critical to spend some time comparing rates to find the most economical car insurance rates for teachers. Auto insurance prices consist of many different factors and can change without notice, so the most economical option the last time you shopped around may now not even be in the top five.