In McKinney, the average full coverage car insurance costs $142 per month. Rates can range from as low as $137 per month to as high as $425, depending on factors like policy details and driver profiles. The table below shows the average car insurance costs for various driver profiles to help drivers better understand what they might pay.
McKinney, TX, Car Insurance
Updated: January 14, 2025
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Cheapest Car Insurance in McKinney: Key Takeaways
Texas Farm Bureau, State Farm and Progressive are the most affordable car insurance companies in McKinney. They offer competitive rates for various driver profiles.
Texas Farm Bureau provides the cheapest car insurance in Texas, with rates of $34 per month for state minimum coverage and $71 for full coverage, making it a budget-friendly option.
On average, car insurance in McKinney costs $70 per month for minimum coverage and $142 for full coverage. Rates vary based on individual driver profiles and circumstances.
Car Insurance Quotes in McKinney, TX
| Young Drivers | $92 | $186 |
| Teens | No Data | $425 |
| Seniors | $71 | $137 |
| Drivers With a Speeding Ticket | $83 | $171 |
| Drivers With a DUI | $108 | $208 |
| Drivers With An Accident | $118 | $232 |
| Bad Credit | $123 | $256 |
Because insurers calculate premiums differently, you'll need to get quotes from multiple providers for the most accurate estimate.
McKinney vs. State Average
Texas
State Average Full Coverage Rate
$1,705
McKinney, TX
City Average Full Coverage Rate
$1,707More:$2 more
This is 0% more expensive.
What Is the Average Car Insurance Rate in McKinney?
In McKinney, the average cost of car insurance is $1,707 per year for full coverage and $841 for state minimum coverage. These rates are slightly higher than the Texas averages of $1,705 for full coverage and $816 for minimum coverage.
| State Average | $816 | $1,705 |
| McKinney Average | $841 | $1,707 |
Cheapest Car Insurance Companies in McKinney
Although premiums might be rising in the Lone Star State, you can still find cheap car insurance in McKinney. Texas Farm Bureau offers the lowest monthly rate for minimum coverage at $34. For full coverage, its rate is $71, making it the most affordable choice in the area.
WHY CAR INSURANCE IN MCKINNEY IS EXPENSIVE
Car insurance is expensive in McKinney due to traffic congestion and frequent claims. McKinney ranks high among Texas cities for costly premiums. Statewide, factors like a high number of uninsured drivers, personal injury lawsuits and insurance fraud raise the price for everyone.
Cheap Car Insurance in McKinney
Texas Farm Bureau often offers the cheapest car insurance in McKinney, but rates vary for each driver. To find the most affordable option, compare quotes from different providers. Below is a table showing the cheapest car insurance rates for various driver profiles.
| Texas Farm Bureau | Minimum Coverage | $34 |
| Texas Farm Bureau | Full Coverage | $71 |
| State Farm | Teens | $204 |
| Texas Farm Bureau | Young Adults | $65 |
| Texas Farm Bureau | Seniors | $44 |
| Texas Farm Bureau | Bad Credit | $115 |
| Progressive | Drivers With a DUI | $90 |
| State Farm | Drivers With An Accident | $78 |
| Texas Farm Bureau | Drivers With a Speeding Ticket | $52 |
Car Insurance Rates in McKinney by Company
Car insurance costs vary, so McKinney drivers should compare multiple quotes for the best rate. The table below details the most affordable options for minimum coverage and full coverage car insurance.
Cheapest Car Insurance Companies for Minimum Coverage in McKinney
Texas Farm Bureau offers the cheapest minimum coverage auto insurance at $34 per month, followed by State Farm at $40. The table below breaks down the most affordable options:
| Texas Farm Bureau | $34 | $35 |
| State Farm | $40 | $30 |
| Mercury | $40 | $30 |
| Progressive | $53 | $17 |
| AAA Texas | $55 | $14 |
| National General | $55 | $14 |
| Allstate | $69 | $1 |
Cheapest Car Insurance Companies for Full Coverage in McKinney
Texas Farm Bureau offers the cheapest full coverage car insurance at $71 per month. Explore the full list of providers below.
| AAA Texas | $110 | $31 |
| Allstate | $129 | $12 |
| GEICO | $124 | $17 |
| Mercury | $131 | $10 |
| National General | $124 | $18 |
| Progressive | $103 | $38 |
| State Farm | $83 | $59 |
| Texas Farm Bureau | $71 | $71 |
Car Insurance Companies in McKinney
For affordable car insurance in McKinney, get quotes from several local providers. Texas Farm Bureau offers the cheapest rate at $629 annually. Chubb is the best affordable option, with a MoneyGeek score of 89. Check the table below for more choices.
| Chubb | 89 | $1,399 |
| Mercury | 75 | $1,028 |
| State Farm | 75 | $744 |
| AAA Texas | 73 | $992 |
| Foremost | 73 | $1,762 |
| Texas Farm Bureau | 73 | $629 |
| Progressive | 65 | $936 |
| Nationwide | 63 | $1,507 |
| GEICO | 62 | $1,162 |
| Allstate | 61 | $1,188 |
| National General | 51 | $1,075 |
| Dairyland | No Data | $2,872 |
*Rates are for a 40-year-old driver with good credit and no driving violations.
Car Insurance Cost in McKinney by Age
Middle-aged drivers and younger seniors have the lowest car insurance rates, at $1,707 per year for 40-year-olds and $1,641 annually for 65-year-olds. Below, you can compare average rates for ages 16 to 65 in the city.
| 16 | $3,355 | $-920 |
| 17 | $3,232 | $-797 |
| 18 | $2,821 | $-386 |
| 19 | $2,386 | $49 |
| 20 | $2,497 | $-62 |
| 21 | $1,849 | $586 |
| 22 | $1,854 | $581 |
| 23 | $1,923 | $512 |
| 24 | $1,802 | $633 |
| 25 | $2,226 | $-374 |
| 40 | $1,707 | $145 |
| 65 | $1,641 | $212 |
Cheapest Car Insurance for Teens in McKinney
Nationwide offers the cheapest overall car insurance for teens in McKinney at $136 monthly, which is $109 cheaper than the state average. The table below highlights more affordable providers for teen drivers in the city.
| Nationwide | $136 | $109 | $340 |
| State Farm | $153 | $93 | $204 |
| GEICO | $194 | $51 | $237 |
| Foremost | $256 | $-10 | $550 |
| Progressive | $286 | $-40 | $769 |
| Allstate | $449 | $-203 | $452 |
**Rates reflect 16 to 19-year-old drivers with good credit and no driving violations for full coverage policies.*
Best Car Insurance Rates for Young Drivers in McKinney
Texas Farm Bureau offers the best minimum coverage at $44 per month for young drivers in McKinney. It also provides the most affordable full coverage at $87 per month. Check the table below to see which providers offer the cheapest rates for different young driver profiles.
| Texas Farm Bureau | Minimum Coverage | $44 |
| Texas Farm Bureau | Full Coverage | $87 |
| Texas Farm Bureau | Bad Credit | $144 |
| Progressive | Drivers With a DUI | $110 |
| State Farm | Drivers With An Accident | $97 |
| Texas Farm Bureau | Drivers With a Speeding Ticket | $65 |
Cheapest Car Insurance Companies for Young Drivers in McKinney
Texas Farm Bureau offers the most affordable auto insurance coverage for young drivers at $65 per month. The table below shows other companies with competitive rates.
| Texas Farm Bureau | $65 | $73 |
| State Farm | $78 | $60 |
| Progressive | $99 | $39 |
| AAA Texas | $106 | $32 |
| GEICO | $113 | $25 |
| National General | $115 | $23 |
| Mercury | $118 | $20 |
| Allstate | $128 | $10 |
**Rates are for 25-year-old drivers with good credit and no driving violations for both minimum and full coverage.*
Best Car Insurance Rates for Seniors in McKinney
Texas Farm Bureau and State Farm offer the cheapest car insurance in McKinney. However, rates vary based on factors like driving record and credit score. The table below shows the most affordable providers for different driver and coverage profiles that may better fit you.
| Texas Farm Bureau | Minimum Coverage | $30 |
| Texas Farm Bureau | Full Coverage | $59 |
| Texas Farm Bureau | Bad Credit | $96 |
| Texas Farm Bureau | Drivers With a DUI | $93 |
| State Farm | Drivers With An Accident | $73 |
| Texas Farm Bureau | Drivers With a Speeding Ticket | $44 |
Cheapest Car Insurance Companies for Seniors in McKinney
Texas Farm Bureau offers the cheapest monthly premium for seniors at $44 for both minimum and full coverage. State Farm is the second most affordable at $56 per month. The table below shows the top car insurance providers for seniors in McKinney.
| Texas Farm Bureau | $44 | $59 |
| State Farm | $56 | $47 |
| Progressive | $79 | $24 |
| AAA Texas | $83 | $20 |
| Mercury | $90 | $13 |
| Allstate | $96 | $7 |
| GEICO | $98 | $5 |
| National General | $98 | $5 |
*Rates are for 65-year-old drivers with good credit and no driving violations for both minimum and full coverage.
Car Insurance Cost for High-Risk Drivers in McKinney
In McKinney, high-risk drivers pay less than the state average for minimum and full coverage. Minimum coverage costs $1,228 yearly, while full coverage is $2,428. Those with bad credit and DUIs face the highest insurance costs. Accidents and speeding tickets have a smaller impact on rates.
| State Average | $1,190 | $2,417 |
| McKinney Average | $1,228 | $2,428 |
DRIVING OFFENSES ONLY AFFECT RATES FOR A LIMITED TIME
Most minor driving incidents, like a not-at-fault accident or speeding ticket in McKinney, stay on your insurance record for a few years. For serious offenses, like a DUI, insurers may keep track for much longer. You might need SR-22 insurance or FR-44 insurance to meet your state's minimum coverage rules.
Cheapest Auto Insurance Rates With a DUI in McKinney
Progressive offers the cheapest minimum coverage for drivers with a DUI at $672 per year in McKinney. It also provides the most affordable full coverage at $1,476 annually. Check out the table below for more low-cost coverage options.
| Progressive | $56 | $123 |
| Texas Farm Bureau | $78 | $141 |
| National General | $70 | $147 |
| State Farm | $77 | $153 |
| Mercury | $57 | $178 |
**Rates are for a 40-year-old driver with good credit and a DUI.*
Cheapest Auto Insurance Rates With an Accident in McKinney
State Farm, Texas Farm Bureau and Progressive offer the cheapest auto insurance after an at-fault accident in McKinney. The table below shows different providers in McKinney offering cheap car insurance coverage for drivers with an at-fault accident violation.
| State Farm | $50 | $103 |
| Texas Farm Bureau | $59 | $119 |
| AAA Texas | $83 | $159 |
| Progressive | $81 | $171 |
| Mercury | $86 | $266 |
**Rates are for a 40-year-old driver with good credit an at-fault accident.*
Cheapest Auto Insurance Rates With a Speeding Ticket in McKinney
Texas Farm Bureau is the cheapest car insurance provider for drivers with a speeding ticket, offering minimum coverage at $34 and full coverage at $71 monthly. Check the table below to see how other providers charge drivers with a speeding ticket on their record.
| Texas Farm Bureau | $34 | $71 |
| State Farm | $40 | $83 |
| Progressive | $62 | $134 |
| National General | $68 | $165 |
| Mercury | $58 | $189 |
**Rates are for a 40-year-old driver with good credit and a speeding ticket.*
Cheapest Car Insurance for Bad Credit in McKinney
Mercury offers the most affordable rates for drivers with bad credit in McKinney, with a monthly cost of $57 for state minimum coverage. For full coverage, Texas Farm Bureau is the best choice at $158 per month. Review the table below to find other affordable options.
| Texas Farm Bureau | $73 | $158 |
| AAA Texas | $86 | $170 |
| Progressive | $80 | $180 |
| Mercury | $57 | $197 |
| National General | $84 | $219 |
**Rates are for a 40-year-old driver with bad credit and no driving violations.*
Minimum Car Insurance Requirements in McKinney, TX
In Texas, each city follows statewide mandates for car insurance minimums. Here's what your policy needs at a minimum:
- $30,000 for bodily injury liability per person
- $60,000 for bodily injury liability per accident
- $25,000 for property damage liability per accident
If you're in a fender bender, your minimum coverage will help cover the other driver's repair and medical bills up to these limits. Texas doesn't require uninsured/underinsured motorist coverage, personal injury protection, medical payments or death liability.
Cheap Car Insurance in McKinney: Bottom Line
Texas Farm Bureau is the cheapest car insurance in McKinney, with rates as low as $34 for minimum coverage. You'll find options that won't break the bank regardless of your age or credit. Just make sure your policy covers Texas basics: bodily injury and property damage. Compare quotes to find a wallet-friendly deal that complies with Texas law.
McKinney Auto Insurance: FAQ
This section provides quick answers to common questions about finding the cheapest and best car insurance options in McKinney.
What is the cheapest car insurance company in McKinney, Texas?
Texas Farm Bureau offers the cheapest rates for minimum coverage, starting at $34 per month.
What is the best car insurance company in McKinney, Texas?
Chubb ranks the best overall, with a MoneyGeek score of 89 out of 100.
How much does car insurance cost on average in McKinney?
The average cost varies by profile but typically ranges from $34 to $204 per month for minimum coverage.
Best Cheap Car Insurance in McKinney: Our Methodology
MoneyGeek conducted an analysis of McKinney auto insurance prices using data from the Texas Department of Insurance and Quadrant Information Services.
McKinney Driver Profile
To assess the best and most affordable auto insurance options for McKinney residents, MoneyGeek used the following sample driver profile:
- 40-year-old male
- Clean driving history
- 2012 Toyota Camry LE
- 12,000 miles driven per year
By altering variables such as age, driving records and military status, MoneyGeek also found the top insurers for different types of drivers.
Coverage Levels in McKinney
In assessing the car insurance quotes for McKinney, we gathered data for both minimum and full coverage policies, ensuring each insurer conformed to Texas' mandated liability insurance parameters:
- $30,000 for bodily injury liability per person
- $60,000 for bodily injury liability per accident
- $25,000 for property damage liability per accident
To assess rates for full coverage policies, MoneyGeek upped the coverage amounts to these limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability
- Comprehensive and collision coverage with a deductible of $1,000
MoneyGeek’s Scoring System
MoneyGeek scored insurers on a scale of zero to 100, factoring in customer satisfaction, cost-effectiveness, claims management, coverage options and financial stability.
Insurers received scores as indicated below, with a total possible score of 100 points:
- General customer satisfaction (up to 35 points)
- Affordability (up to 30 points)
- Claims experience (up to 20 points)
- Essential coverages (up to 10 points)
- Financial stability (up to five points)
MoneyGeek’s Sources
To gauge rates and assess the best service experiences among Texas providers, MoneyGeek utilized six sources:
- Quadrant Information Services provided actual policy quotes in McKinney
- J.D. Power's studies and the NAIC index contributed to the assessment of customer service
- Claims experience metrics came from J.D. Power and the CRASH Network’s report card
- AM Best and Demotech offered financial stability insights through their ratings
MoneyGeek gathered 50,284 quotes for the average driver across various ages, driving a Toyota Camry with a clean record, barring specific exceptions. Our study evaluated 14 insurance companies in McKinney.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.