It’s amazing but nearly 70% of drivers have remained with the same insurance company for at least the last four years, and nearly the majority have never even compared quotes to find cheap rates. Plano drivers could save themselves up to 70% a year just by comparing rates, but they underestimate the actual amount they would save if they switched.
It takes a little time, but the best way to get the cheapest car insurance rates in Plano is to regularly compare prices from companies that sell auto insurance in Texas.
Step 1: Learn about the coverage provided by your policy and the things you can change to prevent expensive coverage. Many policy risk factors that drive up the price like traffic citations, accidents, and a less-than-favorable credit score can be improved by making minor driving habit or lifestyle changes.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO or State Farm, while agents who are independent can provide prices from multiple insurance companies.
Step 3: Compare the quotes to your current policy premium to determine if switching companies saves money. If you can save money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Provide notification to your current agent or company to cancel your current car insurance policy and submit payment along with a signed and completed policy application to the new company. Once received, place your new certificate verifying coverage along with your vehicle registration.
One key aspect of rate comparisons is to make sure you’re comparing identical coverage information on each quote and and to get price estimates from as many companies as feasibly possible. This helps ensure a level playing field and a good representation of prices.
Reducing your insurance rates is pretty simple and can save money. The only requirement is to take the time comparing price quotes to see which company has affordable Plano car insurance quotes.
The companies shown below are our best choices to provide free quotes in Texas. In order to find the cheapest auto insurance in Plano, we recommend you visit two to three different companies to find the lowest car insurance rates.
Data for Ford F-150 insurance
The rate table shown below showcases a range of insurance rates for Ford F-150 models. Learning how policy premiums are formulated is important to be able to make informed coverage decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|F-150 XL Regular Cab 2WD||$246||$374||$430||$26||$128||$1,204||$100|
|F-150 STX Regular Cab 2WD||$246||$476||$430||$26||$128||$1,306||$109|
|F-150 XL Super Cab 2WD||$246||$476||$430||$26||$128||$1,306||$109|
|F-150 XLT Regular Cab 2WD||$246||$476||$430||$26||$128||$1,306||$109|
|F-150 STX Super Cab 2WD||$246||$476||$430||$26||$128||$1,306||$109|
|F-150 XL Crew Cab 2WD||$282||$476||$430||$26||$128||$1,342||$112|
|F-150 XLT Super Cab 2WD||$282||$476||$430||$26||$128||$1,342||$112|
|F-150 STX Regular Cab 4WD||$282||$476||$430||$26||$128||$1,342||$112|
|F-150 XL Regular Cab 4WD||$282||$476||$430||$26||$128||$1,342||$112|
|F-150 FX2 Super Cab 2WD||$282||$476||$430||$26||$128||$1,342||$112|
|F-150 XLT Crew Cab 2WD||$282||$476||$430||$26||$128||$1,342||$112|
|F-150 XL Super Cab 4WD||$282||$476||$430||$26||$128||$1,342||$112|
|F-150 XLT Regular Cab 4WD||$282||$476||$430||$26||$128||$1,342||$112|
|F-150 XL Crew Cab 4WD||$318||$476||$430||$26||$128||$1,378||$115|
|F-150 STX Super Cab 4WD||$318||$476||$430||$26||$128||$1,378||$115|
|F-150 XLT Super Cab 4WD||$318||$476||$430||$26||$128||$1,378||$115|
|F-150 FX2 2WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 Lariat Super Cab 2WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 Lariat Crew Cab 2WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 FX4 Super Cab 4WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 XLT Crew Cab 4WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 FX4 4WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 Lariat Crew Cab 4WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 SVT Raptor Super Cab 4WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 Lariat Super Cab 4WD||$318||$580||$430||$26||$128||$1,482||$124|
|F-150 Lariat Crew Cab Platinum 2WD||$318||$684||$430||$26||$128||$1,586||$132|
|F-150 Lariat Crew Cab Harley 2WD||$318||$684||$430||$26||$128||$1,586||$132|
|F-150 Lariat King Ranch 2WD||$318||$684||$430||$26||$128||$1,586||$132|
|F-150 Lariat King Ranch 4WD||$354||$684||$430||$26||$128||$1,622||$135|
|F-150 Lariat Crew Cab Harley 4WD||$354||$684||$430||$26||$128||$1,622||$135|
|F-150 Lariat Crew Cab Platinum 4WD||$354||$684||$430||$26||$128||$1,622||$135|
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rates do not factor in zip code location which can alter rates noticeably.
The diagram below shows how choosing a deductible and can change Ford F-150 insurance costs for different age groups. The price estimates are based on a married female driver, comp and collision included, and no other discounts are factored in.
Ford F-150 liability-only versus full coverage
The information below compares Ford F-150 car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
Should you be buying full coverage?
There is no clear-cut rule to exclude physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Ford F-150 replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after paying the physical damage deductible. If you are paying in excess of $200 a year for your policy with full coverage, then you might want to think about dropping full coverage.
There are some scenarios where removing full coverage is not recommended. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
How Insurance Providers Calculate Ford F-150 Insurance Rates
Lots of factors are used when pricing auto insurance. Some of the criteria are obvious like your driving record, although some other factors are not quite as obvious such as your credit history or how financially stable you are.
Women pay lower rates – Statistics have proven females are less aggressive when driving. However, don’t assume that males are worse at driving than females. Both sexes tend to get into accidents at a similar rate, but the men cause more damage. Not only that, but men also get higher numbers of serious violations like DWI (DUI) or reckless driving. Youthful male drivers cause the most accidents so they pay the highest premiums.
The chart below visualizes the comparison of Ford F-150 auto insurance costs for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, comp and collision included, $1,000 deductibles, single status, and no policy discounts are applied.
Save money by having multiple policies – Lots of companies will award lower prices to clients that purchase more than one policy in the form of a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. Even if you’re getting this discount you may still want to compare other company rates to guarantee you are still saving the most.There is a good possibility that you can save money by insuring with multiple companies.
Married people drive safer – Having a spouse actually saves money on your car insurance policy. Marriage translates into being more financially stable and it’s proven that being married results in fewer claims.
With age comes lower costs – Older people are proven to be safer behind the wheel, cause fewer claims and accidents, and get fewer tickets. Youthful drivers are known to be inattentive and easily distracted when driving with friends so they pay higher car insurance rates.
The following data assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Insurance losses for a Ford F-150 – Insurance companies use statistical claims data when setting rates for each model. Vehicles that tend to have increased losses will cost more for specific coverages. The data below shows the insurance loss data used by companies for Ford F-150 vehicles.
For each coverage type, the claim probability for all vehicles as a whole is set at 100. Percentage numbers below 100 represent a good loss history, while values that are 100 or greater indicate a higher chance of having a claim or statistically larger losses.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford F-150 SuperCab 4WD||67||110||39|
|Ford F-150 SuperCrew 2WD||42||93||72|
|Ford F-150 SuperCrew 4WD||75||76||101||56||57||76|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance is not optional but you don’t have to overpay
Even though it’s not necessarily cheap to insure a Ford in Plano, paying for insurance may be mandatory for several reasons.
- The majority of states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage if you don’t want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your F-150, almost every bank will make it mandatory that you have full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Ford at a more expensive rate and require you to reimburse them for the expensive policy.
- Insurance protects both your Ford and your assets. It will also cover medical bills for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of buying insurance are without a doubt worth the cost, particularly when you have a large claim. Today the average American driver is overpaying over $700 annually so you should quote and compare rates at least once a year to ensure rates are inline.
Texas auto insurance company ratings
Choosing a highly-rated car insurance provider can be a challenge considering how many different companies insure vehicles in Plano. The company rank data shown next could help you choose which auto insurance companies to look at when shopping your coverage around.
Top 10 Plano Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Top 10 Plano Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+