Factors Influencing the Cost of Car Insurance in Plano, TX

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The average cost of auto insurance in Plano, TX, is $1,240. The cost of insurance here ranges between $1,025 and $1,565. But, car owners can save up to $500 by comparing multiple car insurance quotes. Numerous factors could contribute to the higher cost of auto insurance here. Below are some of the factors that determine the cost of auto insurance in Plano, TX.

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Age and Gender of the Driver:

This is a crucial factor in determining the cost of auto insurance in Plano and every other city in the country. The cost of auto insurance decreases with an increase in the driving experience. Teenagers are generally considered to be unsafe drivers, who are more prone to accidents. The average cost of auto insurance for teens in Plano is $2,306. Women pay the least on auto insurance in Plano. A married woman pays $1,140, and an unmarried woman pays $1,190 on auto insurance in Plano.

Location:

The neighborhood one lives in influences the cost of auto insurance in Plano. This is because of the difference in the rate of auto thefts from one neighborhood to another. Zimlon offers car owners the option of keying in their zip code to get accurate auto insurance quotes from different car insurance companies. For example, an 82-year-old senior man in Christian Lane, driving a 1998 Buick Century, has to pay $1,310 on auto insurance, while a 76-year-old female senior in West Coats Drive, driving a 2014 Volkswagen Jetta S, has to pay $1,234, saving up to $525.

Deductibles:

Deductibles are one of the most common factors affecting the cost of auto insurance in the country, and Plano is no different. The cost of auto insurance increases if the rate of the deductible is low, and it decreases with an increase in the rate of deductibles. For example, in Plano, if the rate of the deductible is $500, for a yearly premium of $1,370, the car owner would have lesser savings when compared to a higher deductible, of say, $1,000.

Driving Record:

The driving record of the car owner determines the cost of auto insurance. If the driver has a spotless driving record, it would be easier to get a cheaper insurance quote. Major driving violations such as DUI can have a lasting impact on the cost of auto insurance. A safe driver will almost always find auto insurance to be cheaper. This is mainly because the amount of risk being covered by the auto insurance company is also low.