Wouldn't it be great if we could just give you the name of the company that has the cheapest car insurance rates for good students? Unfortunately, it's just not that easy, as there are many unknown factors such as if you are a homeowner or renter, the safety features built into your vehicle, whether you are single or married, and what coverage limits you need. This article will cover these factors and others that can influence the price of auto insurance and will give you a good start in finding the cheapest car insurance in Plano.
For student drivers, one of the big things that are used to help calculate the amount you pay each year for auto insurance is where you live in Plano. More densely populated places tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.
The following table rates the most expensive places in Texas for good students to purchase auto insurance in. Plano is listed at #19 with an annual cost of $1,608 on average, which is about $134 each month.
|Rank||City||Average Per Year|
|Find Cheaper Insurance Go|
Information shown are comparative as zip code location can modify coverage rates significantly.
Deciphering which companies have the cheapest auto insurance rates for good students calls for a little more effort in order to find the lowest price.
Every auto insurer has a different process for filing rates in each state, so we will examine the auto insurance companies that tend to be cheaper in Texas. Keep in mind that Plano auto insurance rates are impacted by many things which can significantly increase or decrease the policy premium. Simply getting older, moving across town, or getting a reckless driving citation can produce rate changes that can cause some rates to be affordable when they were higher priced.
Find the Cheapest Car Insurance for Students
Travelers normally has some of the cheapest car insurance rates in Plano at around $1,052 a year. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the cheaper Plano, TX car insurance companies.
In the rate table above, if you are insured with Germania Mutual and switched to USAA, you might see an annual savings of upwards of $128. Drivers with Esurance might save as much as $237 a year, and California Casualty insureds might reduce rates by $310 a year.
To find out how much you can save, click here to get a free quote or click several companies below for low rates.
These policy rates are averaged for all types of insureds and vehicles and do not take into consideration an exact zip code location for good students. So the insurer that fits your situation best may not even be in the top 23 companies in the list above. That underscores the importance of why you need to get quotes using your own specific driver information and vehicle.
The vehicle model to be insured is one of the largest considerations when trying to find the best cheap auto insurance for good students. Vehicles with high performance, poor crash test ratings, or an increased likelihood of liability claims will cost much more to insure than more modest models.
The list below presents insurance prices for some of the most affordable automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$4,156|
|Honda CR-V EX-L 2WD||$4,195|
|Jeep Wrangler Sport 4WD 2-Dr||$4,379|
|Volkswagen Jetta S 2.5 Station Wagon||$4,449|
|Ford Explorer XLT 4WD||$4,673|
|Chevrolet Impala LS||$4,887|
|Jeep Grand Cherokee Laredo 2WD||$4,927|
|Chevrolet Equinox LT 2WD||$4,932|
|Toyota RAV4 2WD||$4,927|
|Dodge Grand Caravan SXT||$4,966|
|Ford F-150 Lariat Crew Cab 4WD||$4,975|
|Toyota Tacoma Double Cab 4WD||$4,966|
|Chevrolet Silverado LS Regular Cab 2WD||$5,049|
|Hyundai Elantra Blue 4-Dr Sedan||$5,143|
|Honda Civic VP 4-Dr Sedan||$5,148|
|Ford Focus SES 4-Dr Sedan||$5,143|
|Toyota Camry SE||$5,182|
|Honda Odyssey EX-L W/Navigation||$5,191|
|Ford Edge Sport 2WD||$5,182|
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in zip code location which can alter prices significantly.
Based upon the rates shown, you can expect makes and models like the Ford Escape, Honda CR-V, Jeep Wrangler, Volkswagen Jetta, and Toyota Prius are going to be a few of the most economical vehicles to insure for student drivers.
Finding the best company can be a challenge considering how many companies there are in Plano. The company rank data shown next may help you select which insurers you want to consider to insure your vehicles. The ratings below are only made up of companies with a nationwide focus, so companies that focus mainly on Texas business are not included in the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Drive responsibly or pay higher rates
In a perfect world, the ideal way to obtain the cheapest auto insurance rates for student drivers is to drive safely and avoid accidents and traffic citations. The illustration below shows how speeding tickets and at-fault accidents can increase insurance premiums for different age groups of insureds. Data assumes a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
The data above shows the average cost of an auto insurance policy per year with no violations or accidents is $1,358. Get two speeding tickets and the average cost increases to $1,864, an increase of $506 each year. Now get one accident along with the two speeding tickets and the yearly cost of auto insurance for good students jumps again to an average of $2,377. That's an increase of $1,019, or $85 per month, just for not driving safely!
How to find economical insurance for good students
The list below details many penny-pinching solutions that can help drivers find more affordable coverage.
- Bundle home and auto and save
- Choose a safer vehicle and pay lower rates
- Don't waste money on full coverage for older vehicles
- Avoid filing small claims
- Increase your physical damage deductibles
- Higher credit scores may earn you cheaper rates
- Shop around for cheaper prices
The last idea is extraordinarily critical, as we emphasized in this write-up. Prices charged by car insurance companies can change in a short period of time, so don't be hesitant to change insurance companies if a cheaper rate is available. Having a favorite company is fine, but is isn't recommended if that loyalty results in overpaying hundreds of dollars year after year. It only takes a couple minutes to compare prices to find cheaper auto insurance for good students in Plano.
If you prefer to get some professional input when shopping around for cheaper insurance for good students, the agents listed below can probably help you decide which is the best policy.
To find a Plano insurance agent in your neighborhood, click the button at the bottom.
- William Kuo - State Farm Insurance Agent
280 Legacy Dr #250 - Plano, TX 75023 - (972) 575-9100
- Guest Insurance Agency
903 18th St Ste 124 - Plano, TX 75074 - (972) 424-4209
- Jennifer Webb - State Farm Insurance Agent
208 Coit Rd #600 - Plano, TX 75075 - (972) 312-9930