Texas has a high accident rate. In 2018, one reportable crash took place every58 seconds on Texas roads. Texas law requires every driver to have car insurance. However, rates can vary depending on where they are located. According to Bankrate’s 2021 study on annual premiums, Plano has an average car insurance cost of $589 for a full coverage policy and $1819 for a minimal coverage policy.
Plano drivers who are shopping for car insurance in Texas have a wide variety of options. We compared a variety of providers to help you choose the best Plano car insurance.
Plano’s best car insurance companies
Geico, Nationwide and USAA are the best car insurance providers in Plano. These companies are known for their low rates, generous discounts and reliable coverage options. They also have excellent financial strength ratings.
Geico
Geico is a great option for Plano residents looking for affordable auto insurance. Geico has an excellent customer satisfaction rating and premiums that are lower than average. Geico also offers the most competitive car insurance discounts, including special savings for military personnel and federal employees, affinity members, students, and vehicles with advanced safety features.
All over the country
Nationwide offers the best option in Plano for customizing your car insurance policy with endorsements. Nationwide offers a variety of add-on policies including roadside assistance and accident forgiveness. They also offer gap insurance and a disappearing deductible. Discounts are also available if your vehicle has an anti-theft device or you have never been in an accident.
USAA
USAA has been consistently rated as one of the top car insurance companies in America. However, you will need to be a member of the military to receive coverage. USAA’s highly-rated customer service is something that is hard to find in insurance. USAA offers affordable coverage, discounts for safe drivers, good students, and bundles your policies.
State Farm
State Farm is the largest car insurance provider in the country, with more than 16% of the total market share. Plano drivers looking for reliable coverage and discounts will love State Farm. It is the only provider that offers safe driver rewards programs and coverages and discounts geared towards young drivers. J.D. rates State Farm above average. State Farm is rated above average by J.D.
Plano has the cheapest car insurance
The average cost of car insurance in Plano is on par with the average rate in Texas, which is $1,823 per year for a full coverage policy. Based on the U.S. average rate of $1674 per annum for full coverage insurance, Plano drivers pay slightly more for their car insurance.
Different rates are charged by different car insurance companies in Plano. Below is a table that shows the lowest car insurance rates in Plano for the most popular carriers, based on market share.
Drivers who are looking for cheap car insurance in Plano should avoid choosing a company based on premiums alone. USAA, for instance, offers low rates, but you have to be a member of the military to obtain a policy. Geico and State Farm have low rates but limited coverage options. These providers all offer discounts but the details of those discounts will differ.
Plano insurance requirements
Texas law requires that car insurance be purchased. Plano drivers must have at least 30/60/25 personal insurance. This includes the following coverages.
- $30,000 per person in bodily injury coverage
- $60,000 per accident in bodily injury coverage
- $25,000 in property damage coverage per accident
Drivers who want the cheapest car insurance in Texas are often tempted to purchase the least amount of coverage. Insurance companies advise that drivers purchase more coverage than is necessary. You will have to pay out the difference if you cause an accident or your financial obligations exceed your policy’s limits.
A final thing to remember is that lenders often require drivers to have full coverage until the loan is repaid. Full coverage insurance covers liability, as well as collision, comprehensive, and medical payments insurance.
Plano car insurance discount
You can find the best car insurance deals in Plano by looking for companies that offer multiple discounts. These are the top discounts offered by insurance companies in Plano.
- Multi-vehicle Discount: Drivers who add multiple cars to their insurance policies may be eligible for a modest discount.
- Automatic payments discount: Your insurance company might offer a slightly lower premium if you sign up for automatic payments.
- You may qualify for a claim-free discount if you don’t have any recent violations, claims or accidents.
- Vehicle safety discount: Vehicles with modern safety features like anti-theft devices or anti-lock brakes may be eligible for discounts.
Questions frequently asked
Which is the best auto insurance company?
The best car insurance company varies, because it is different for every driver. Geico may be the right choice for you, while Amica might be better for your roommate. Make sure you compare providers using your own criteria to get as many quotes as possible before you make a decision.
What amount of car insurance do you need in Plano
Plano drivers must have at least 30/60/25 personal insurance. Insurance experts recommend that you increase your policy limits. Insurance experts recommend that you have full coverage insurance if you lease your vehicle or finance it.