McKinney Car Insurance

The Zebra
May 30, 2018

Car Insurance in McKinney

With premiums within $54 of the state average, McKinney has rates that are relatively consistent with Texas. Why don't we go over some tips on how to save on car insurance in McKinney?

  • City Average: $1,756
  • State Average: $1,810
  • National Average: $1,427

McKinney Car Insurance by Age

Drivers in their 50s save money on insurance premiums, as they have the smallest rates among all age groups, paying only $1,500 every year. Those in their 60s ($1,570) aren’t paying significantly more. Teenage drivers are the ones who pay the most in car insurance premiums, with average rates of $5,809. The biggest dip in premiums for McKinney drivers happens when they hit their 20s. Once out of the teenage age range, they pay 63% less in premiums. In McKinney, turning 60 means a rise in premiums. Up until then, moving from one age group to the next means decreasing prices.

  • Teenagers: $5,809
  • 20s: $2,150
  • 30s: $1,728
  • 40s: $1,671
  • 50s: $1,500
  • 60s: $1,570
  • 70s: $1,963

McKinney Car Insurance by Gender and Marital Status

Car insurance premiums in McKinney differ based on your gender as well as marital status. Believe it or not, marital status has a substantial impact on premiums. Being single, as opposed to married, can cost you an average of $174 more per year. Rates for those who are widowed are also much cheaper than rates for those who are single. Premiums for men and women generally vary somewhat, with men paying more.

  • Female: $1,742
  • Male: $1,756
  • Single: $1,756
  • Married: $1,582
  • Divorced: $1,756
  • Widowed: $1,591

McKinney Car Insurance by Credit Rating

The difference between average car insurance premiums in McKinney for those with Exceptional credit (800-850) and Very Poor credit (300-579) is $1,627 a year. Drivers can save close to 20% per year when they improve their credit tier from Very Good (740-799) to Exceptional (800-850).

  • Very Poor: $3,081
  • Fair: $2,605
  • Good: $2,159
  • Very Good: $1,817
  • Exceptional: $1,454

McKinney Car Insurance by Accident or Violation History

A history of accidents and violations can cost you in terms of car insurance premiums. An at-fault accident with greater than $2000 of damages will increase your car insurance premiums more than other driving violations. $879 is the amount by which you can expect your annual insurance premiums to rise in McKinney if you have an at-fault accident on your driving record. Typically, a DUI in McKinney will cost you 42% more in car insurance premiums versus the city average ($1,756). Reckless driving will bump your premiums up as well, with average rates of $2,440.

  • DUI: $2,499
  • Reckless Driving: $2,440
  • At-fault Accident (damages less than $1000): $2,635
  • At-fault Accident (damages greater than $2000): $2,635
  • Speeding Ticket (16-20 mph over speed limit): $1,830

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