Best cheap car insurance in Frisco for 2021

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Allstate’s America’s Best Drivers report names 200 cities with the best drivers in the country. Frisco, Texas, may be small, but it made the list, ranking 135th. The low incidence of crashes and the town’s fame for safe, courteous drivers may be part of the reason why car insurance premiums in Frisco are relatively affordable.

The average cost of car insurance in Frisco is $576 per year for minimum coverage insurance and $1,782 per year for full coverage. However, Bankrate’s 2021 auto study uncovered five carriers operating in the town with rates lower than the national average. We looked at the cheapest car insurance in Frisco to determine which insurers offer lower rates and great coverage options. After examining rates, customer reviews and policy options, we found the five best car insurance companies in Frisco, Texas.

Best car insurance companies in Frisco

As mentioned, the cheapest carrier is not necessarily the best. The best car insurance in Frisco should be a combination of low rates and high-level customer service. J.D. Power’s independent auto insurance study ranks carriers based on policyholder responses on how an insurance company performs on points such as claims, response times and products offered. Here are the best car insurance companies in Frisco:

Insurance company J.D. Power score Average annual premium for minimum coverage Average annual premium for full coverage
Geico 846 / 1,000 $445 $1,270
USAA 878 / 1,000 $446 $1,306
Nationwide 820 / 1,000 $518 $1,254
Fred Loya NR $567 $3,627
Allstate 832 / 1,000 $589 $1,574

Geico

Geico consistently ranks as one of the cheapest car insurance companies nationwide. The insurer offers a variety of discounts for everything from vehicle equipment to payment and occupation. Although Geico does not have a network of local agents and offices in Frisco, customer service is a phone call away. In addition, the Geico mobile app is fully featured, making it possible to pay your premiums with a few taps or file and track a vehicle insurance claim.

Learn more: Geico Insurance review

USAA

USAA’s premiums are the second-lowest of the best car insurance companies in Frisco. You can insure a vehicle for minimum coverage at an average of $37 per month. However, USAA is only available for Frisco vehicle owners who are veterans, active duty or retired military and their families. As a USAA policyholder will have access to coverage that consistently earns positive results in J.D. Power’s annual customer satisfaction studies.

Learn more: USAA Insurance review

Nationwide

Nationwide has the lowest average rate for full coverage car insurance in Frisco at $1,254 per year. Many drivers may have to buy full coverage to meet the requirements of their lender or leasing company. Although rates are higher, Nationwide offers auto policy options, such as accident forgiveness, disappearing deductible and total loss deductible waiver, that could help keep your insurance costs lower in the event of an accident.

Learn more: Nationwide Insurance review

Fred Loya

Drivers with multiple tickets or accidents, or a DUI conviction, may be considered high-risk by insurance companies, making it more difficult to find affordable rates. Fred Loya is headquartered in El Paso, Texas and provides cheaper auto coverage for high-risk drivers. Service is no-frills, but drivers who may be unable to find coverage elsewhere may be willing to work with insurance agents who are only available during business hours on weekdays and half-day on Saturdays.

Learn more: Fred Loya Insurance review

Allstate

For Frisco car owners who like knowing they can call or visit a local agent, Allstate’s wide local office coverage may be the answer. The insurer has agents in Frisco and across Dallas. Besides the standard range of car insurance, Allstate has coverages Frisco residents could benefit from, such as classic car insurance or vehicle coverage if you plan on crossing the border into Mexico.

Learn more: Allstate Insurance review

Cheapest car insurance in Frisco

While the average rates of $1,782 in Frisco for full coverage car insurance are cheaper than the average annual Texas premium of $1,823, several companies have significantly lower premiums. Here are the cheapest rates that Bankrate found:

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $445 $1,270
USAA $446 $1,306
Nationwide $518 $1,254
Allstate $589 $1,574
State Farm $608 $1,450

Geico and USAA offer similar rates, but Geico is more widely available. USAA is only available to military personnel and their families. Nationwide’s full coverage is the lowest price, although Geico’s rates are also competitive. It would be a good idea to get quotes from a few auto insurers to compare pricing. Allstate and State Farm are two of the largest and oldest car insurance companies. These carriers have a local presence in Frisco, with offices throughout town.

Frisco insurance requirements

Auto insurance requirements in Frisco are the same as the state’s requirements. Texas requires all vehicle owners to carry at least a minimum coverage amount of:

  • $30,000 in bodily injury liability per person
  • $60,000 in bodily injury liability per accident
  • $25,000 in property damage liability per accident

Personal injury protection (PIP) must also be offered to you. If you decide not to carry this coverage, you must send a rejection form to your insurer.

Purchasing the minimum requirement that Texas mandates is acceptable to drive legally, but it may not provide enough financial protection in the event of an accident. In addition, liability insurance does not pay for any damages or losses to your vehicle. Adding comprehensive and collision to your policy helps cover repair costs if your vehicle is damaged.

Car insurance discounts in Frisco

Once you choose the right car insurance company for your needs, be sure to ask for discounts. Most carriers offer auto discounts for paying early or being a safe driver. Some discounts that could lower your premiums include:

  • Claims-free: Maintaining a clean driving record for three years or more could earn you a discount on your insurance. If your carrier does not offer one, ask an agent what types of savings they offer safe drivers.
  • Vocational: First responders, military and other professions could earn a discount. Check with your carrier for more information.
  • Bundling: Frisco has an impressive homeownership rate of 73.9%. Bundling home and auto insurance with one carrier usually lowers your premiums.
  • Low mileage: Frisco is one of the fastest-growing cities in the country. The influx of new residents could lead to more gridlock and accidents. If you do not commute regularly, you could earn a discount for driving fewer miles.

Frequently asked questions

What is the best car insurance company?

Naming one company as the best is difficult due to the different needs of each vehicle owner. Based on price, availability and policy options, the best car insurance companies in Frisco are USAA, Geico, Nationwide, Fred Loya and Allstate.

How much is car insurance in Frisco, Texas?

The average cost of car insurance in Frisco, Texas is $576 per year for minimum coverage and $1,782 per year for full coverage.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 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.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a finance and business journalist who has been featured in Bankrate, Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.
Edited by
Senior Insurance Editor