Scion xB Insurance Quotes in Plano

Do you get exhausted from paying out the nose to pay high insurance rates every month? You have the same problem as most other consumers in Texas.

Discount Scion xB insuranceIt’s a fact that auto insurance companies don’t want you to look at other companies. Insureds who get price comparisons are very likely to switch companies because they have a good chance of finding more affordable rates. Surprisingly, a recent survey revealed that drivers who compared prices regularly saved approximately $3,450 over four years compared to people who never shopped around for cheaper prices.

If finding the cheapest rates on Scion xB insurance in Plano is your ultimate goal, then having an understanding of how to quote prices and compare insurance premiums can make the process more efficient.

Steps to buying lower priced Scion xB insurance in Plano

If saving the most money is your goal, then the best way to get cheaper car insurance rates is to begin comparing prices regularly from companies who provide auto insurance in Plano. Drivers can shop around by following these guidelines.

Step 1: Take a little time to learn about auto insurance and the things you can control to keep rates down. Many rating criteria that drive up the price like getting speeding tickets and your credit history can be eliminated by paying attention to minor details.

Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like GEICO or Farmers Insurance, while independent agents can quote rates from multiple companies.

Step 3: Compare the quotes to your existing coverage to see if a cheaper rate is available in Plano. If you find a better price and make a switch, make sure there is no coverage gap between policies.

Step 4: Give proper notification to your current agent or company of your decision to cancel your current car insurance policy. Submit the signed application along with the required initial payment to the newly selected company. As soon as you have the new policy, keep the new certificate of insurance with your registration paperwork.

The key thing to know about shopping around is to use identical deductibles and limits on each quote and to quote with as many companies as feasibly possible. This helps ensure an accurate price comparison and a good representation of prices.

Big companies like State Farm, Allstate, GEICO and Progressive continually hit you with catchy ads and it can be hard to sift through the bull and effectively compare rates to find the best deal.

If you currently have car insurance, you stand a good chance to be able to buy cheaper car insurance using the tips covered below. Finding affordable coverage in Plano is actually quite easy if you know where to start. But Texas vehicle owners can benefit from knowing the way insurance companies sell insurance online and take advantage of how the system works.

Car insurance providers offering cheap rate quotes in Texas

The car insurance companies shown below have been selected to offer comparison quotes in Texas. To get cheap car insurance in Plano, it’s highly recommended you click on several of them to get the most competitive price.

Rates and detailed analysis

The price information displayed below showcases different insurance policy prices for Scion xB models. Having a better idea how car insurance prices are determined can be useful when making informed decisions when comparing rate quotes.

Scion xB Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XB 2WD $272 $328 $500 $30 $150 $1,280 $107
Get Your Own Custom Quote Go

Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Premium amounts do not factor in specific garaging location which can raise or lower premiums significantly.

Comparison of policy deductibles

One of the most common car insurance questions is where to set your physical damage deductibles. The following insurance rates sum up the difference in cost when you select higher and lower insurance deductibles. The first table uses a $250 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Scion xB insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XB 2WD $294 $408 $382 $22 $114 $1,245 $104
Get Your Own Custom Quote Go

Scion xB insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XB 2WD $182 $256 $382 $22 $114 $956 $80
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Table data does not factor in your specific Plano location which can affect prices substantially.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $24 more each month or $288 every year than opting for the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 31 months between claim filings, you would probably come out ahead by selecting a higher deductible. The table below illustrates the way you can do this calculation yourself.

Average monthly premium for $250 deductibles: $104
Average monthly premium for $1,000 deductibles (subtract): – $80
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 31 months

One important note is that raising deductibles to save money means you will have to pay more out-of-pocket at claim time. That will require enough savings in the event you need to pay the deductible for vehicle repair.

The example below highlights how deductible selection and can influence Scion xB annual premium costs for different age groups of insureds. The information is based on a married female driver, comprehensive and collision coverage, and no discounts are applied.

Liability only or full coverage

The information below illustrates the difference between Scion xB car insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no accidents, no driving violations, $1,000 deductibles, single marital status, and no other discounts are factored in.

When to drop comp and collision

There isn’t a steadfast formula to stop paying for full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s pretend your Scion xB book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after the deductible is paid. If you are currently paying more than $200 annually for full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where eliminating full coverage is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Score discounts to get cheaper Plano insurance rates

Some insurers don’t always advertise every possible discount in an easy-to-find place, so we break down some of the best known and also the more inconspicuous credits that may apply to you.

It’s important to note that many deductions do not apply to the overall cost of the policy. Most only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, you’re out of luck.

The information below shows the difference between Scion xB premium costs with and without discounts being applied to the rates. The information is based on a female driver, no claims, a clean driving record, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, safe-driver, claim-free, and multi-car discounts applied.

Popular insurance companies and a selection of discounts are outlined below.

Before buying, ask each insurance company to apply every possible discount. Some of the discounts discussed earlier may not apply to policies in Plano. If you would like to see a list of providers that have a full spectrum of discounts in Texas, click here.

Different people need different car insurance coverages

When it comes to adequate coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different.

Here are some questions about coverages that may help highlight if your insurance needs might need professional guidance.

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form.

Compare prices but work with a local Plano insurance agent

Certain consumers just want to sit down and talk to an agent and that is just fine! One of the benefits of price shopping on the web is you may find cheap rate quotes and still have a local agent. Buying from neighborhood insurance agencies is still important in Plano.

Find insurance agent in PlanoOnce you complete this form (opens in new window), your information is immediately sent to local insurance agents who will return price quotes for your insurance coverage. There is no reason to find an agent because quoted prices will be sent to you directly. Get lower rates and work with a local agent. If you have a need to get a price quote from a specific company, you just need to go to their quote page and fill out their quote form.

Pick the best car insurance agent in Plano for you

If you prefer to buy auto insurance from a good Plano insurance agent, you must know there are a couple different types of agents and how they work. Insurance agencies in Plano can be categorized as either independent agents or exclusive agents depending on their employer.

Independent Auto Insurance Agencies or Brokers

These type of agents are not locked into one company so they can quote policies with a variety of different insurance companies and possibly get better coverage at lower prices. If you want to switch companies, they simply move your policy to a different company without you having to go to a different agency. If you need cheaper auto insurance rates, you need to include several independent insurance agents in order to compare the most rates.

Featured below is a partial list of independent insurance agencies in Plano that may be able to give you free auto insurance quotes.

5600 Tennyson Pkwy #243Plano, TX 75024(972) 665-9975View Map

5048 Tennyson Pkwy #250Plano, TX 75024(972) 801-9188View Map

2504 K Ave #400Plano, TX 75074(972) 423-4348View Map

View more Plano agents

Exclusive Agencies

These agents have only one company to place business with and some examples include Allstate, State Farm and Farmers Insurance. They generally cannot compare rates from other companies so it’s a take it or leave it situation. Exclusive insurance agents receive extensive training on the products they sell and that can be a competitive advantage.

The following are exclusive insurance agencies in Plano willing to provide price quotes.

1721 W Plano Pkwy Ste 127Plano, TX 75075(972) 596-5511View Map

6100 K Ave #106Plano, TX 75074(972) 424-5900View Map

6205 Coit Rd #300Plano, TX 75024(214) 473-9000View Map

View more Plano agents

Finding the right car insurance agent should include more criteria than just the bottom line cost. Ask your prospective agent these questions:

Compare but don’t skimp

Insureds change insurance companies for any number of reasons including not issuing a premium refund, policy cancellation, extreme rates for teen drivers and poor customer service. Regardless of your reason for switching companies, switching car insurance companies is less work than it seems.

When buying insurance coverage, you should never buy less coverage just to save a little money. In too many instances, an accident victim reduced full coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage at the best price, but do not sacrifice coverage to save money.

Cheaper car insurance in Plano is attainable both online and from local insurance agents, so get free Plano car insurance quotes from both of them in order to have the best chance of saving money. Some insurance companies may not provide the ability to get quotes online and usually these regional insurance providers prefer to sell through independent agents.

How to find low-cost rates for Scion xB insurance in Plano

The easiest way to find low-cost auto insurance rates in Plano is to compare prices annually from insurance carriers who provide auto insurance in Texas.

First, try to learn a little about how your policy works and the things you can change to prevent high rates. Many things that cause high rates such as traffic violations and a low credit score can be improved by making lifestyle changes or driving safer.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can quote prices for a wide range of companies. Find a Plano insurance agent

Third, compare the new rates to your existing coverage to see if a cheaper rate is available. If you can save money and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.

Fourth, provide notification to your current company of your intention to cancel your current auto insurance policy and submit a completed policy application and payment for your new coverage. Make sure you safely store the proof of insurance paperwork in an easily accessible location in your vehicle.

One bit of advice is to try to compare similar limits and deductibles on each quote request and and to get rate quotes from as many companies as possible. This enables a level playing field and a better comparison of the market.

More detailed car insurance information is located in these articles: