Best cheap car insurance in Allen for 2022
The average cost of auto insurance in Allen, Texas is $575 per year for a minimum coverage policy and $1,783 per year for a full coverage policy. This is slightly higher than the national average of $1,674 per year for full coverage, which means drivers in the area may want both the best policy and the cheapest rates they can find.
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. Financial strength is another important factor. Bankrate reviewed all of these aspects for the largest carriers in the Lone Star State to help you find the best car insurance in Allen, TX for your needs.
Best car insurance companies in Allen
To find the best car insurance companies in Allen, we analyzed not only average premiums but also customer service ratings from J.D. Power and financial strength ratings from AM Best. Other factors were considered too, including digital offerings, such as mobile apps, and the coverage and discount options available.
|Insurance company||J.D. Power score
|Average annual premium for minimum coverage||Average annual premium for full coverage|
*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions.
USAA offers a full range of coverage options and discounts, some of which are tailored to the unique needs of military service members, veterans and their immediate families. This includes discounts for garaging a vehicle on a military base and storing a vehicle if a driver is deployed. Not only does USAA offer some of the lowest rates available, it scores the highest in the Texas region with J.D. Power, earning 879 out of 1,000 points. However, USAA is ineligible for official ranking with J.D. Power due to its membership restrictions.
Learn more: USAA Insurance review
Geico is over 75 years old and has grown to become one of the largest auto insurance providers in the U.S. While some may find the coverage options somewhat limited, the discounts available may make up for it. Discounts include everything from saving if you have anti-lock brakes and airbags, to multi-policy and new vehicle discounts, to savings for federal employees and military members.
Learn more: Geico Insurance review
Nationwide offers the standard coverages you might expect from a carrier, but where the company stands apart from others is with its specialized programs. Nationwide has the popular accident forgiveness option, which will waive the first at-fault accident surcharge on your policy. There is also the vanishing deductible program, where drivers earn $100 off their deductibles each year for not filing a comprehensive or collision claim.
Learn more: Nationwide Insurance review
State Farm is the largest provider of auto insurance in the country and has been in business for almost 100 years. While it does not achieve the highest score with J.D. Power, State Farm does earn an A++ (Superior) rating for financial strength with AM Best — the highest possible. Drivers may also appreciate the numerous coverage options available, including rideshare insurance and rental car reimbursement.
Learn more: State Farm Insurance review
Cheapest car insurance in Allen
According to our research, USAA, Geico, Nationwide, State Farm and Allstate all offer lower-than-average rates in Allen. While the average cost of car insurance in Texas is $1,823 per year for full coverage, drivers in Allen average slightly less with $1,783 per year. Both of these rates are above the national average, which comes in at $1,674 annually.
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. However, there are differences among the carriers. For instance, Geico does not offer as many coverage options as Nationwide or Allstate, but does have one of the highest rated mobile apps for policy management.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Allen insurance requirements
The state of Texas requires minimum liability coverage for all vehicle owners, which includes:
- $30,000 bodily injury liability coverage per person
- $60,000 bodily injury liability coverage per accident
- $25,000 property damage liability coverage per accident
Texas also requires that insurance companies offer personal injury protection, uninsured motorist coverage and underinsured motorist coverage to all drivers, but these coverages can be declined in writing.
Purchasing state minimum coverage could help to keep your rates low but it might cost you more in the long run. Minimum coverage could fall short of paying for the medical expenses and vehicle damage that you cause in an at-fault accident. Most insurance professionals recommend that you purchase higher liability limits if possible.
You may even want to purchase full coverage, which adds comprehensive and collision coverage. If your vehicle is leased or financed, your lender likely requires you to carry full coverage.
Car insurance discounts in Allen
Taking advantage of car insurance discounts is one of the best ways to obtain the cheapest car insurance in Allen. Look for savings on premiums with discounts such as:
- Multi-policy: Buying your home, condo or renters insurance from the same company as your auto insurance might save you significantly on both policies.
- Good student: If you maintain good grades as a student, or if you insure a driver under 25 who is a full-time student with good grades, you may be rewarded with lower premiums.
- Paid-in-full: Paying your premiums up front may cost less versus paying in monthly or quarterly installments.
- New car: If you drive a brand new car, or one less than 12 months old, many carriers will extend extra savings on your premiums.
Other discounts might include savings for military personnel, teachers or affiliation with certain organizations. Additionally, maintaining a clean and safe driving record is one of the most effective ways to get cheap car insurance in Texas.
Frequently asked questions
What is the best car insurance company?
The best car insurance company in Texas depends on what is most important to you. First determine the factors you feel are most essential, such as financial strength, customer service ratings, coverage options or number of discounts, and then get quotes from several companies that could fit your needs. This allows you to compare the quotes and companies to find an option you are comfortable with.
Is full coverage better than minimum coverage?
How much coverage you need depends on your financial situation and level of risk tolerance. Full coverage provides coverage for damage to your own vehicle, so it does provide more financial protection than minimum coverage. Talking with an agent might help you determine how much car insurance you need.
Can I switch car insurance companies at any time?
Yes, you can generally change auto insurance companies at any time. However, your company may charge a fee for cancelling your policy before your renewal date, so be sure to check your carrier’s guidelines. You may also want to make sure of the date your new policy is effective; that way you can cancel your prior policy on the same day to avoid a lapse in coverage.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.