Both a suburb of Dallas and a city with its own personality, McKinney, Texas is home to over 199,000 residents. To legally drive as a resident you need auto insurance coverage and fortunately, you can find the best car insurance in McKinney while still trying to stay within budget. A full coverage policy in McKinney averages $1,792 per year, while a minimum policy averages $571 annually.
Bankrate used Quadrant Information Services to analyze 2021 rates for drivers in McKinney and found several carriers worth consideration. Not only were rates reviewed, but customer satisfaction, financial strength and other factors were all examined to determine the best car insurance in McKinney, Texas.
Best car insurance companies in McKinney
The best car insurance companies in McKinney combine affordable rates with features like high customer service ratings, numerous coverage options and a wide array of discounts. Bankrate used this criteria to pinpoint carriers that excel in each of these categories.
|Insurance company||J.D. Power score
|Average annual premium for minimum coverage||Average annual premium for full coverage|
|USAA*||878 / 1,000||$420||$1,306|
|Geico||846 / 1,000||$447||$1,285|
|Nationwide||820 / 1,000||$509||$1,301|
|Allstate||832 / 1,000||$581||$1,569|
*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions
If you are a veteran or current member of the military, you may find USAA to be an option for both competitive rates and exceptional customer service. USAA scores the highest among the carriers listed in the 2020 J.D. Power survey for the Texas region, scoring an impressive 878 out of 1,000. If you are looking for discounts too, USAA offers numerous ones for its members, including accident forgiveness and multi-policy savings.
Geico began offering coverage to federal employees over 75 years ago, and to this day offers it to millions of drivers across the country. Not only does Geico earn one of the higher scores on the J.D. Power survey, it offers multiple discounts and options for payment to help further fit your budget. If convenience is what you are looking for, you can find it both with the website, customer service representatives and a highly-rated mobile app that gives you the full functionality of the website right at your fingertips.
Nationwide may rank below the industry average with the 2020 J.D. Power score, but the carrier still offers a number of advantages, including policy customization options. Nationwide offers a huge selection of coverage options, ranging from standard, to gap insurance, labor and towing and rental car reimbursement. Discounts are plentiful too, with a variety including accident free and safe driver savings.
Drivers in McKinney may not only find the competitive rates of Allstate attractive, but the wide range of discounts help as well. Drivers can save by taking advantage of discounts like early signing, new car, paying in full and bundling to name a few. Once you lock in your discounts, you can manage your policy at the touch of a button with the Allstate mobile app, which allows you to make changes to your policy, make payments and summon roadside assistance within minutes.
Cheapest car insurance in McKinney
The average cost of car insurance in McKinney is $571 per year for a minimum coverage policy, and $1,792 per year for a full coverage policy. This is less expensive than the overall average in Texas, which is $1,823 per year for full coverage.
The table below highlights five carriers with exceptional rates while also offering other advantages. For instance, USAA offers the lowest rates based on the Bankrate review, but also offers convenient digital assets, such as online policy management and a mobile app with numerous features. All five carriers listed are rated as an A+ Superior rating or higher with the AM Best company, showcasing the remarkable financial strength of each one.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
McKinney insurance requirements
- $30,000 for injuries per person
- $60,000 per accident
- $25,000 for property damage
However, this is the bare minimum you should consider. By adding more robust coverage to your policy, you provide greater financial protection to yourself, in case of an accident or damage to your vehicle. And if you lease or finance your vehicle, the lender will most likely require you to purchase collision and comprehensive coverage, and possibly even gap insurance until the vehicle is paid off.
Car insurance discounts in McKinney
There are a number of ways to find the cheapest car insurance in McKinney, especially through the use of discounts. Discounts are a common tactic among carriers for helping reduce the overall cost of premiums.
- Multi-policy: Bundling your auto insurance policy with the same carrier you purchase homeowners or renters insurance through may allow you to save on premiums.
- Defensive driver: If you participate in an approved defensive driving course, you may be eligible for additional discounts.
- Affiliation/military: If you belong to certain alumni or charitable organizations, there may be a discount readily available. The same is true if you are a veteran or active military member.
- Safe driver: If you agree to connect to a telematics device or app while driving, it could earn you serious savings on premiums. Several carriers take the feedback and use it to qualify you for potential discounts.
Discounts are a helpful way to save, but you can save on car insurance in McKinney a couple of other ways too. Raising your deductible for your comprehensive and collision coverage is one way. Another approach is to obtain quotes from numerous carriers, so you know for certain which one is offering the greatest savings and coverages.
Frequently asked questions
What is the best car insurance company?
The most reliable method for determining the best car insurance company is a careful review of multiple factors, such as coverage options and discounts. What is most important to you is also key, since you may value different attributes than someone else. Bankrate has reviewed a number of carriers and found companies like Geico, USAA and Amica are all highly-rated options for consideration.
How much does car insurance in McKinney cost?
The average cost of car insurance in McKinney is $571 per year for minimum coverage, and $1,792 per year for a full coverage policy. However, it is critical to compare multiple carriers to understand your exact rate, since coverages and rates are different between each carrier.
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.