Average auto insurance costs in Allen, Texas are $575 annually for a minimum coverage policy, and $1,783 for a full coverage policy.This is slightly more than thenational averageFull coverage is $1,674 annually, so drivers in the region may be looking for the best policy as well as the lowest rates.
Allen, Texas is located in Collin County, which recorded over 10,000 crashes in 2020. Drivers may want not only the cheapest rates in Allen, but also a provider that is easy to work with in the event of a claim. Another important aspect is financial strength. Bankrate compared these factors with the largest carriers in Texas to help you choose the right car insurance for you.
The best car insurance companies Allen
To find the best car insurance companies in Allen, we analyzed not only average premiums but also customer service ratings from J.D. AM Best ratings for financial strength and power. Additional factors were also considered, such as digital offerings like mobile apps and the discount and coverage options.
The best car insurance companies Allen
To find the best car insurance companies in Allen, we analyzed not only average premiums but also customer service ratings from J.D. AM Best ratings for financial strength and power. Additional factors were also considered, such as digital offerings like mobile apps and the discount and coverage options.
USAA
USAA offers a wide range of coverage options and discounts. Some of these are specifically tailored to military personnel, veterans, and their families. These discounts include garaging a vehicle at a military base or storing it if the driver is deployed. USAA offers some of the most affordable rates, and it also scores the highest with J.D. Power with 879 points out of 1,000. USAA is not eligible for J.D.’s official ranking. Due to membership restrictions, USAA is not eligible for J.D.’s official ranking.
Geico
Geico, which is more than 75 years old, has grown to be one of the most important auto insurance companies in the U.S. Although some might find the coverage options limited, there may be discounts that make up the difference. You can save as much as 50% if your vehicle has anti-lock brakes or airbags.
All over the country
Nationwide provides the usual coverages that you would expect from a carrier. But, what sets Nationwide apart is its specialized programs. Nationwide offers the popular Accident Forgiveness option. This will eliminate the first at-fault injury surcharge from your policy. The vanishing deductible program offers drivers $100 off their annual deductibles for not filing comprehensive or collision claims.
State Farm
State Farm is the nation’s largest auto insurance provider and has been around for nearly 100 years. Although it doesn’t have the best score with J.D. Power, State Farm does earn an A++ (Superior) rating for financial strength with AM Best — the highest possible. Drivers might also appreciate the many coverage options, such as rideshare insurance or rental car reimbursement.
Cheapest auto insurance in Allen
Our research shows that Allstate, Geico, Nationwide and USAA all offer lower rates than the average in Allen.The average cost of Texas car insurance is $1,823 per annum for full coverage. However, the average price for Allen drivers is $1,783 per annum. These rates are higher than the national average of $1,674 per year.
Each of these five carriers not only offers some of the cheapest rates in Allen but has at least an A+ (Superior) rating with AM Best, indicating solid financial strength. There are however differences between the carriers. Geico, for example, does not offer the same coverage options as Allstate or Nationwide, but has one of the best mobile apps for policy management.
Allen insurance requirements
The state of Texas requires minimum liability coverage for all vehicle owners, which includes:
- $30,000 bodily injury liability insurance per person
- $60,000 bodily injury liability coverage per incident
- $25,000 per accident property damage liability coverage
Texas requires that all insurance companies provide personal injury protection, coverage for uninsured motorists, and coverage for underinsured drivers to all drivers. However, these coverages may be declined in writing.
Although purchasing minimum coverage from the state could lower your rates, it may end up costing you more long-term. You may not be able to pay for medical bills and vehicle damage if you are at fault in an accident. Insurance professionals will recommend that you buy higher liability limits, if at all possible.
You may even want to purchase full coverage, which adds comprehensive and collision coverage. Your lender may require you to have full coverage if your vehicle is leased, financed, or both.
Allen: Car insurance discounts
One of the best ways you can get the lowest car insurance in Allen is to take advantage of car insurance discount. You can save on premiums by taking advantage of discounts like:
- Multi-policy:You might be able to save a lot by purchasing your renters, condo, or home insurance from the same company that your auto insurance.
- Excellent studentYou may receive lower premiums if you keep good grades as a student or insure a driver younger than 25 who is a full time student.
- Paid-in full:It may be less expensive to pay your premiums upfront than paying them in monthly or quarterly installments.
- Car new:Many carriers offer extra savings if you have a new or used car.
You might also be eligible for discounts for teachers, military personnel or members of certain organizations. A clean driving record and safe driving record are two of the best ways to save money on Texas car insurance.
Questions frequently asked
Which is the best auto insurance company?
The best car insurance company in Texas depends on what is most important to you. The first step is to determine what factors are most important, such as financial strength and customer service ratings. Next, get quotes from multiple companies that might meet your needs. You can then compare quotes from different companies to find the best option for you.
Is it better to have full coverage than minimal coverage?
The amount of coverage you need will depend on your financial situation, risk tolerance and financial goals. Full coverage covers damage to your vehicle and provides more financial protection than minimal coverage. Talking with an agent might help you determine how much car insurance you need.
Can I change car insurance companies at anytime?
Yes, you can generally change auto insurance companies at any time. Your company might charge you a fee to cancel your policy prior to your renewal date. Please check the guidelines of your carrier. It is also important to confirm the effective date of your new policy. This will allow you to cancel your previous policy the same day, avoiding a lapse in coverage.
