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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. That’s slightly higher than the national average of $ 1,674 per year for full coverage, meaning 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 has recorded over 10,000 accidents in 2020. Drivers may want not only the cheapest rates in Allen, but also a supplier that is easy to work with in the event of a loss. Another important factor is financial strength. Bankrate has reviewed all of these aspects for the largest Lone Star State carriers to help you find the best auto insurance in Allen, TX for your needs.
Best Car Insurance Companies in Allen
To find the best auto insurance companies in Allen, we analyzed not only average premiums, but also JD Power’s customer service ratings and AM Best’s financial strength ratings. Other factors were also taken into account, including digital offerings, such as mobile apps, and the coverage and discount options available.
| Insurance company | JD Power Score (Texas area) |
Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|---|
| United States of America* | 879/1000 | $ 425 | $ 1,283 |
| Geico | 832/1000 | $ 447 | $ 1,290 |
| At national scale | Unclassified | $ 534 | $ 1,332 |
| State farm | 838/1000 | $ 612 | $ 1,450 |
* USAA is not eligible for official ranking with JD Power due to eligibility restrictions.
United States
USAA offers a full range of coverage and discount options, some of which are tailored to the unique needs of military service members, veterans, and their immediate families. This includes discounts for parking a vehicle at a military base and storing a vehicle if a driver is deployed. Not only does USAA offer some of the lowest rates available, it has the highest score in the Texas region with JD Power, scoring 879 out of 1,000 points. However, USAA is not eligible for official ranking with JD Power. due to its membership restrictions.
Learn more: USAA Insurance Review
Geico
Geico is over 75 years old and has grown into one of the largest auto insurance providers in the United States. While some may find the coverage options somewhat limited, the discounts available may make up for this. Discounts include everything from savings if you have anti-lock brakes and airbags, to multi-policy and new vehicle discounts, to savings for federal employees and the military.
Learn more: Geico Assurance review
At national scale
Nationwide offers the standard coverage you would expect from an operator, but where the company sets itself apart from the rest is with its specialty programs. Nationwide offers the accident forgiveness option, which will waive your policy’s first accident surcharge. There’s also the Vanishing Deductible Program, where drivers earn $ 100 off their deductibles each year for not filing a comprehensive or collision claim.
Learn more: National Insurance Review
State farm
State Farm is the largest auto insurance provider in the country and has been around for almost 100 years. While not getting the highest score with JD Power, State Farm does get a A ++ Rating (Superior) for financial strength with AM Best – as high as possible. Drivers can also appreciate the many coverage options available, including carpooling insurance and rental car reimbursement.
Learn more: State agricultural insurance review
The cheapest auto insurance in Allen
According to our research, USAA, Geico, Nationwide, State Farm, and Allstate all have below-average rates in Allen. While the average cost of auto insurance in Texas is $ 1,823 per year for full coverage, Allen drivers are on average slightly lower at $ 1,783 per year. Both of these rates are above the national average of $ 1,674 per year.
Each of these five carriers not only offers some of Allen’s cheapest fares, but has at least an A + (top) rating with AM Best, indicating solid financial strength. However, there are differences between carriers. For example, Geico doesn’t offer as many coverage options as Nationwide or Allstate, but has one of the top rated mobile apps for policy management.
| Insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| United States | $ 425 | $ 1,283 |
| Geico | $ 447 | $ 1,290 |
| At national scale | $ 534 | $ 1,332 |
| State farm | $ 612 | $ 1,450 |
| Allstate | $ 617 | $ 1,633 |
Allen Insurance Requirements
The state of Texas requires minimum liability coverage for all vehicle owners, which includes:
- Liability coverage for bodily injury of $ 30,000 per person
- Liability coverage for bodily injury of $ 60,000 per accident
- Liability coverage of $ 25,000 for accidental property damage
Texas also requires insurance companies to provide personal injury protection, coverage for uninsured motorists, and coverage for underinsured motorists to all drivers, but these coverages can be refused in writing.
Buying minimum state coverage might help keep your rates low, but it could cost you more in the long run. The minimum coverage may not cover medical expenses and vehicle damage that you cause in a at-fault accident. Most insurance professionals recommend purchasing higher liability limits if possible.
You may even want to purchase comprehensive coverage, which adds full coverage and collision coverage. If your vehicle is leased or financed, your lender likely requires you to purchase comprehensive coverage.
Auto Insurance Discounts in Allen
Taking advantage of discounts on auto insurance is one of the best ways to get the cheapest auto insurance in Allen. Look for premium savings with discounts such as:
- Multi-policy: Buying your home, condo, or tenant insurance from the same company as your auto insurance could save you significantly on both policies.
- Good student: If you keep good grades as a student, or insure a full-time student driver under 25 with good grades, you could be rewarded with lower premiums.
- Fully paid: Paying your premiums up front can be cheaper than paying in monthly or quarterly installments.
- New car: If you drive a new car or drive less than 12 months old, many carriers will save you additional premiums.
Other discounts may include savings for military personnel, teachers, or membership in certain organizations. Plus, 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 auto insurance company?
The best car insurance company in Texas depends on what’s most important to you. First, determine the factors you think are most critical, such as financial strength, customer service ratings, coverage options, or number of discounts, then get quotes from several companies that may meet your needs. This allows you to compare quotes and companies to find an option that you are comfortable with.
Is Full Coverage Better Than Minimum Coverage?
The amount of coverage you need depends on your financial situation and your tolerance for risk. Comprehensive coverage covers damage to your own vehicle, so it offers more financial protection than the minimum coverage. Speaking with an agent can help you determine the amount of auto insurance you need.
Can I change my auto insurance company at any time?
Yes, you can usually change auto insurance companies at any time. However, your company may charge a fee for canceling your policy before the renewal date, so be sure to check your carrier’s guidelines. You may also want to be sure of the effective date of your new policy; this way you can cancel your previous contract on the same day to avoid a lapse in coverage.
Methodology
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our sample drivers own a 2019 Toyota Camry, commute five days a week, and travel 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes may be different.
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