Buying reasonably-priced car insurance is not most people’s favorite thing to do, and finding out which companies quote the most affordable insurance rates for felons will require even more rate comparisons. Each insurance company has their own unique process for filing rates in each state, so we’ll go over the insurance companies with the most affordable rates in Texas.
It’s important to understand that Plano insurance rates are impacted by many things that may substantially change the policy price. This price variation is why it is critical to perform a complete rate comparison to get the lowest auto insurance quotes for felons. Auto insurance prices are influenced by many different factors and change frequently, so the cheapest rate the last time you checked may now be priced much higher than other options.
Best Car Insurance Prices for Felons
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
|Find Cheaper Rates Go|
Travelers normally has some of the lowest car insurance rates in Plano at around $1,052 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the lowest-priced Plano, TX insurance companies.
In the above example, if you are insured with Texas Farm Bureau and switched to Travelers, you might realize a yearly savings of in the vicinity of $183. Insureds with Germania Mutual might save as much as $204 a year, and Esurance policyholders might realize rate reductions of up to $355 a year.
If you want to see how much you could save, click here to begin a quote or visit several of the following companies.
Remember that these estimates are averages across all types of insureds and vehicles and and are not figured with an exact zip code location for felons. So the auto insurance company that has the lowest price for you may not even be in the top 23 companies shown above. That helps illustrate why you need to quote rates from many companies using your own personalized driver profile and vehicle information.
The car, truck, or SUV requiring coverage is probably the biggest factor when consumers are trying to find cheaper car insurance for felons. Vehicles with high performance engines, poor safety features, or a high likelihood of having liability claims will cost significantly more to insure than more modest models. The next table shows insurance costs for the most affordable vehicles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$860|
|Honda CR-V LX 4WD||$867|
|Ford Edge Limited 2WD||$997|
|Ford Focus SE 4-Dr Sedan||$1,004|
|Toyota RAV4 Limited 2WD||$1,016|
|Hyundai Elantra GLS Touring Station Wagon||$1,051|
|Ford F-350 XL Super Cab 2WD||$1,056|
|Toyota Tacoma X-Runner 2WD||$1,068|
|Toyota Camry SE||$1,073|
|Hyundai Sonata GLS 4-Dr Sedan||$1,087|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,108|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$1,127|
|Chevrolet Impala LS||$1,142|
|Volkswagen Jetta 2.0T Station Wagon||$1,148|
|Nissan Altima 2.5 S 2-Dr Coupe||$1,159|
|GMC Sierra SLT Crew Cab 4WD||$1,161|
|Jeep Grand Cherokee Laredo 4WD||$1,165|
|Chevrolet Equinox LT AWD||$1,170|
|Dodge Ram Quad Cab Sport 4WD||$1,180|
|Start Your Quote Go|
Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in specific location information which can increase or decrease prices greatly.
Looking at the rates, we can conclude that makes and models like the Ford Escape, Honda CR-V, and Ford Edge are going to be the most budget-friendly vehicles to insure for felons.
The information below illustrates how your choice of deductibles can increase or decrease annual premium costs when getting quotes for cheap insurance for felons. The premiums are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
In the chart above, a 30-year-old driver could lower rates by $468 a year by switching from a $100 deductible to a $500 deductible, or save $704 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old example, could roll back prices up to $1,048 or even more by using a higher deductible.
When choosing a higher deductible, it is necessary to have plenty of discretionary funds to be able to pay the extra out-of-pocket expense that is associated with using high deductibles.
Get discounts on Plano car insurance rates
Insurers that provide coverage for felons may provide premium discounts that could reduce prices by as much as 25% or more if you meet specific criteria. Popular insurance companies and a partial list of their discounts are included below.
- State Farm may have discounts that include Steer Clear safe driver discount, accident-free, driver’s education, student away at school, good student, and anti-theft.
- GEICO discounts include anti-theft, driver training, emergency military deployment, federal employee, good student, and daytime running lights.
- Progressive offers premium reductions for online signing, continuous coverage, good student, multi-vehicle, and online quote discount.
- 21st Century has discounts for 55 and older, good student, theft prevention, anti-lock brakes, early bird, student driver, and air bags.
- American Family policyholders can earn discounts including multi-vehicle, air bags, defensive driver, bundled insurance, mySafetyValet, and Steer into Savings.
- The Hartford may offer discounts for good student, anti-theft, vehicle fuel type, air bag, defensive driver, and bundle.
- AAA offers discounts including good driver, education and occupation, anti-theft, AAA membership discount, good student, pay-in-full, and multi-car.
The example below visualizes the comparison of annual premium costs with and without discounts applied to the premium. The data is based on a female driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multiple vehicle, marriage, accident-free, claim-free, and vehicle safety discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for felons is 28% or $771.
Why you should shop around
Texas insurance rates are impacted by many things that may substantially change the price of coverage. Improving your credit rating, moving across town, or having an accident can produce rate changes that can make some companies cheaper in comparison to the competition. Not only may your risk profile change, but car insurance companies file new Texas auto insurance rates multiple times each year to help ensure profitability. Higher than normal claims may cause rate increases, while a better loss history can cause cheaper Plano car insurance rates.
The graph below shows a variety of companies that have the cheapest car insurance in Plano, TX for a 30-year-old male driver with no violations or accidents, and good financial standing. When quoting prices based on his personal profile, Travelers offers the best car insurance rates in Plano at $1,106 per year. This is $798 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the list of the cheapest Plano, TX auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates an at-fault accident, poor credit, and a blemish on his driving record. Since each company has a proprietary method for determining rates, analyzing rates will most likely result in a different set of the cheapest Plano car insurance companies as shown below.
State Farm now has the best car insurance rate in Plano with Mercury, Safe Auto, Nationwide, and USAA also having competitive pricing. This demonstrates why drivers need to compare many different companies when trying to get affordable auto insurance quotes for felons. Car insurance prices can be determined by many things and can change substantially, so the cheapest rate a year ago may now be quite expensive.
The insurance agencies listed below can probably help you decide which car insurance company is the best fit, as some drivers aren’t sure which coverage they need and prefer to get help from a professional when shopping around for cheaper insurance for felons. It can be time-consuming to find the best coverage yourself, so insurance agents licensed in the state of Texas can provide peace of mind knowing your coverage gives you decent coverage if you have a claim.
To find an agent by location nearest to you, click the button at the bottom of the list or click here to compare prices now.
Jason Ruiz – State Farm Insurance Agent
5809 Preston Rd #586 – Plano, TX 75093 – (972) 378-1024
A R Schell and Son Agency
1001 E 15th St #100 – Plano, TX 75074 – (469) 609-8156
Allstate Insurance: Danny Wilson
5501 Independence Pkwy Ste 311 – Plano, TX 75023 – (972) 519-0936