The average car insurance in McKinney, Texas, costs about $1402 yearly. You can purchase your auto insurance at a lower price if you compare rates from different insurers. Keep reading to discover how certain factors can affect your vehicle insurance premium in McKinney.
Table of Contents
- Car Insurance: McKinney Rates vs. State + National Averages
- McKinney Auto Insurance Costs by Insurer
- McKinney Auto Insurance Premiums by Driver Age
- McKinney Auto Insurance Premiums by Gender and Marital Status
- Average McKinney Auto Insurance Rates After a Violation or Accident
- McKinney Auto Insurance Premiums by Credit Tier
- Expensive McKinney Zip Codes
- Cheaper McKinney Zip Codes
- List of Insurance Companies in McKinney
- No-Fault Insurance in McKinney Information
Car Insurance: McKinney Rates vs. State + National Averages
McKinney Auto Insurance Costs by Insurer
The auto insurance companies in McKinney offer coverages at different prices. USAA provides the most affordable car insurance premiums in McKinney, while Allstate has the highest auto insurance rates.
Check out the average yearly cost of car insurance in McKinney offered by different insurers, according to The Zebra:
- Allstate: $2209
- State Farm: $1331
- GEICO: $1235
- USAA: $1202
McKinney Auto Insurance Premiums by Driver Age
Auto insurance companies in McKinney take your age into account while deciding on your insurance premium. Fifty-year-old drivers pay the lowest car insurance rates in McKinney at about $1221 per year. For a 60-year-old driver, the typical vehicle insurance premium is slightly higher than the 50-year-old driver average.
Auto insurance for McKinney drivers in their 60s costs about $1226 yearly. Car insurance prices for 60-year-olds are costlier than auto insurance for 50-year-olds because insurers in McKinney increase drivers’ premiums after they retire.
Teenagers in McKinney pay the most expensive car insurance premiums. One way to reduce your car insurance rates as a teenage driver is to turn 20. The pay gap between teenage drivers and drivers in their $20s is $1808.
Here are the average annual car insurance costs for McKinney by age group:
- Teenage drivers: $3636
- 20-year-old drivers: $1828
- 30-year-old drivers: $1380
- 40-year-old drivers: $1343
- 50-year-old drivers: $1221
- 60-year-old drivers: $1226
- 70-year-old drivers: $1565
McKinney Auto Insurance Premiums by Gender and Marital Status
In McKinney, your gender and marital status affect the cost of your vehicle insurance. Single drivers pay higher insurance rates than their married counterparts. The average auto insurance premium for married policyholders is $87 cheaper than the single driver average. In addition, vehicle insurance rates for widowed drivers are less expensive than car insurance prices for single people.
Male drivers also spend more money on car insurance than females. The pay difference between the two genders is about $5 per annual premium.
Here are the annual auto insurance costs for McKinney drivers based on gender and marital status:
- Male: $1402
- Female: $1397
- Single: $1315
- Married: $1315
- Divorced: $1402
- Widowed: $1281
Average McKinney Auto Insurance Rates After a Violation or Accident
You can lower your car insurance rates by keeping a clean driving record. Drivers who have violations and accidents on their driving records might pay expensive car insurance premiums. Some offenses that result in auto insurance rate hikes include DUIs, at-fault accidents, speeding tickets, and reckless driving.
In McKinney, a DUI attracts the highest increase among all driving offenses. Drivers convicted of DUIs might face an $807 yearly increase in auto insurance rates. The second most expensive offense is reckless driving, resulting in a $790 hike in car insurance premiums.
Here are the average yearly auto insurance premiums for each driving offense in McKinney:
- DUI: $2209
- Reckless driving: $2192
- At-fault accident (damages worth less than $1000): $1785
- At-fault accident (damages worth over than $1000): $2131
- Speeding ticket: $1523
McKinney Auto Insurance Premiums by Credit Tier
Credit tier is one of the major factors contributing to your car insurance rates. Drivers who improve their credit score from Very Poor (300-579) to Exceptional (800-859) will receive a 62 percent reduction in auto insurance rates.
Increasing your credit score from Very Poor to Fair might also help you save about $1239 in car insurance.
The Zebra reports these average annual vehicle coverage rates for McKinney drivers by credit score:
- Very Poor: $2993
- Fair: $1754
- Good: $1402
- Very Good: $1229
- Exceptional: $1150
Expensive Zip Codes in McKinney
Your residential area can affect your car insurance costs. Insurers might increase your car insurance rate if you live in an insecure location.
The most expensive zip code for car insurance rates in McKinney is 75071. Moneygeek states that insured drivers in this area pay an average of $1234 per year for their auto insurance.
Cheaper Zip Codes in McKinney
Drivers who live in highly secure areas tend to pay cheaper car insurance premiums. McKinney’s most affordable zip code is 75070, where resident drivers enjoy auto insurance at $1186 on the average.
List of Insurance Companies in McKinney
Insurance companies that offer quality car insurance services in McKinney include State Farm, USAA, Allstate, and GEICO.
No-Fault Insurance in McKinney Information
State insurance law in McKinney requires all drivers to purchase no-fault coverage for their vehicle. When an accident occurs, no-fault coverage covers the medical expenses of each driver’s passengers. The no-fault insurance in McKinney does not consider the driver at fault but covers victims’ medical bills with their driver’s coverage.
If you lend your vehicle to a driver who causes a car crash, you will still be responsible for damage from the accident. According to Minsuranceagent.com, no-fault auto insurance covers the car, not the driver. Your insurance company might not replace your vehicle if it gets totaled in the accident.
Check this out if you need additional information, resources, or guidance on car insurance.
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