Finding reliable, low-priced car insurance is easier said than done, and deciding which companies offer the most affordable auto insurance rates with multiple speeding tickets involves a bit more work. Every auto insurer has their own formula for setting rates, so let’s take a look at the auto insurance companies that tend to be cheaper in Plano.
Keep in mind that Plano, TX auto insurance rates are impacted by many things which can substantially decrease or increase the cost of coverage. This price fluctuation is why drivers need to perform a complete rate comparison when trying to get the most economical car insurance rates with multiple speeding tickets. Insurance rates are influenced by many risk factors and change frequently, so the cheapest company the last time you shopped around may now be one of the more expensive options.
Find Cheaper Car Insurance with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,282 |
| 5 | California Casualty | $1,396 |
| 6 | Esurance | $1,421 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,476 |
| 9 | Nationwide | $1,600 |
| 10 | Safe Auto | $1,613 |
| 11 | Allstate | $1,650 |
| 12 | Progressive | $1,664 |
| 13 | Amica | $1,705 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,135 |
| 16 | Unitrin | $2,241 |
| 17 | MetLife | $2,249 |
| 18 | Encompass | $2,301 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,672 |
| Find Your Rate Go | ||
Travelers quotes some of the most affordable car insurance rates in Plano at around $1,021 each year. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also some of the cheaper Plano, TX auto insurance companies.
In this example, if you currently buy coverage from Germania Mutual and switched to USAA, you may realize an annual savings of in the vicinity of $154. Insureds with California Casualty could save as much as $268 a year, and Esurance customers might realize rate reductions of up to $293 a year.
It’s important to note that these premiums are averages across all ages of drivers and types of vehicles and do not take into consideration a specific location with multiple speeding tickets. So the auto insurance company that can offer the best rates for your situation may not even be in the top 23 companies shown above. That’s why you need to quote rates from many companies using your own driver data and vehicle information.
The make and model of vehicle you are buying coverage for is one of the largest considerations that determines the availability of the most affordable car insurance with multiple speeding tickets. Vehicles with high performance engines, a lack of modern safety features, or an increased likelihood of liability claims will cost significantly more to insure than more modest models.
The data below ranks car insurance costs for a number of the cheapest vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,226 |
| Honda CR-V EX-L 4WD | $1,253 |
| Ford F-150 XL Super Cab 2WD | $1,348 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,398 |
| Ford Escape XLS 4WD | $1,424 |
| Ford Focus SE 4-Dr Sedan | $1,426 |
| Honda Civic DX 4-Dr Sedan | $1,432 |
| Toyota RAV4 Limited 4WD | $1,453 |
| Toyota Tacoma Double Cab 4WD | $1,480 |
| Ford F-350 XL Super Cab 2WD | $1,508 |
| Dodge Grand Caravan CV | $1,516 |
| Toyota Corolla XLE | $1,533 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,539 |
| Nissan Rogue S 2WD | $1,556 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $1,560 |
| Chevrolet Impala LS | $1,573 |
| Dodge Ram Quad Cab SLT 4WD | $1,583 |
| Toyota Prius | $1,588 |
| Volkswagen Jetta 2.0T Station Wagon | $1,590 |
| Jeep Grand Cherokee Laredo 2WD | $1,602 |
| GMC Sierra SLE Regular Cab 2WD | $1,611 |
| Ford Explorer Eddie Bauer AWD | $1,634 |
| Kia Optima SX | $1,663 |
| Start Your Quote Go | |
Data based on single female driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in zip code location which can impact prices substantially.
Based upon the table data, we can tell that makes and models like the Honda Accord, Honda CR-V, and Ford F-150 are going to be some of the most affordable vehicles to insure after a few driving violations.
Liability-only versus full coverage
Reducing the cost of auto insurance is the goal of the majority of people, and one easy way to reduce the cost of insurance with multiple speeding tickets is to only buy liability insurance. The chart below illustrates the difference between auto insurance rates with and without physical damage coverage. The prices are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.
If we average all the age groups together, physical damage coverage on your policy costs an additional $1,793 per year over and above liability coverage. Many of you may wonder if you should buy full coverage at all. There is no exact formula to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s settlement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $10,000 after paying your deductible. If premiums are more than $1,000 annually for full coverage, then you might want to consider buying only liability coverage.
There are some conditions where removing full coverage is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.
Types of discounts on Plano car insurance rates
Auto insurance companies that provide policies with multiple speeding tickets may additionally offer discounts that could potentially reduce rates by as much as 40% or more if you are eligible to receive them. A list of auto insurance companies and the discounts they provide are:
- American Family offers premium reductions for multi-vehicle, TimeAway discount, early bird, defensive driver, mySafetyValet, and air bags.
- Farm Bureau discounts include driver training, multi-policy, renewal discount, safe driver, good student, and multi-vehicle.
- State Farm has savings for multiple policy, defensive driving training, good driver, student away at school, and anti-theft.
- Travelers offers discounts including IntelliDrive, multi-car, student away at school, early quote, and new car.
- The Hartford offers discounts for good student, bundle, air bag, driver training, defensive driver, anti-theft, and vehicle fuel type.
- GEICO may include discounts for membership and employees, multi-policy, air bags, multi-vehicle, seat belt use, and daytime running lights.
- Progressive includes discounts for good student, online quote discount, online signing, continuous coverage, multi-vehicle, and homeowner.
The chart below shows the comparison of insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no accidents and two citations, Texas state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with anti-theft, homeowner, multiple vehicle, vehicle safety, multiple policy, and paid-in-full discounts applied. In this example, the average amount saved each year on auto insurance with multiple speeding tickets is 28% or $1,039.
Ideas to find budget-friendly insurance with multiple speeding tickets
Below you’ll find a few thrifty suggestions that can help you buy lower-cost car insurance.
- Buy your homeowners policy from the same company as your auto insurance
- Buy vehicles with five-star safety ratings
- Violations and traffic tickets increase rates
- Try to pay small claims out-of-pocket
- At-fault accidents can raise rates significantly
- Compare prices as often as possible
The last tip in the list is extraordinarily critical, as was noted in this article. Auto insurance prices can change in a short period of time, so don’t be tentative to buy a different policy if you find a better deal.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if that stubbornness costs you a fortune every year. In less than five minutes you could shop around to find cheaper insurance with multiple speeding tickets in Plano.
The professional agents shown below can most likely answer your questions and help you decide which is the best policy, since some drivers aren’t sure which coverage they need and prefer to have some professional guidance when comparing insurance rates with multiple speeding tickets. It’s not always simple to find the best policy yourself, and a professional agent can provide satisfaction knowing you have enough coverage if you have a claim. To find a Plano insurance agent using an interactive map, click the button link following the list.
- Paragon Independent Insurance Agencies
6305 Preston Rd Suite 1000 – Plano, TX 75024 – (972) 473-4813 - Encore Insurance Agency, L.L.C.
2301 Ohio Dr – Plano, TX 75093 – (877) 745-5005 - Allstate Insurance: Tinh Tieu
1721 W Plano Pkwy Ste 127 – Plano, TX 75075 – (972) 596-5511