Cheapest Car Insurance Quotes In Sherman, TX For 2024

In Sherman, Texas Farm Bureau is distinguished as the most economical choice, offering an average rate of $22 per month.

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Updated: 29 March 2024
Written by
Bob Phillips
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When searching for the most budget-friendly car insurance in Sherman, TX, the choices can be diverse, but one company shines for its competitive rates: Texas Farm Bureau. On average, residents can obtain car insurance for approximately $22 per month, significantly below the state’s average of $125.

For individuals in need of the cheapest liability-only coverage, Texas Farm Bureau emerges as the top choice. Meanwhile, those looking for more extensive protection discover that Texas Farm Bureau offers the most competitive rates for full coverage policies, priced at $54 a month. Although, for young drivers, State Farm presents the most affordable rates at $99 per month.

Cheapest Car Insurance Companies In Sherman, TX

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Cheapest Minimum Coverage - Texas Farm Bureau
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Cheapest For Full Coverage - Texas Farm Bureau
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Cheapest For Seniors - Texas Farm Bureau
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Cheapest For Teenagers - Nationwide
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Cheapest For Good Drivers - Texas Farm Bureau
Cheapest Car Insurance, Sherman, TX

Our Methodology

Utilizing a comprehensive analysis that considers multiple aspects including customer service ratings, product options, pricing, and a thorough examination of various online review sites and user experiences, I have developed a detailed understanding of the car insurance provider landscape in Sherman, TX. This perspective is informed by over 15 years of personal involvement in the industry as a licensed insurance agent, numerous interactions with representatives from different companies, and insights acquired through firsthand experience.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Sherman, TX?

Texas Farm Bureau stands out as the most affordable option for car insurance in Sherman, TX, providing coverage for $108 a month.

As illustrated in the table below, its rates are notably lower than the average rates in both the State of Texas and the United States overall.

Area Average Monthly Rate
National $152
Texas $125
Sherman, TX $108

It’s important to note that the average national cost encompasses both high-cost states like New York, New Jersey, and California, as well as low-cost states such as Mississippi, Kentucky, and Wyoming. Rates are subject to variation based on numerous factors, including vehicle type, coverage amount, zip code, driving record, and more.

Cheapest Car Insurance Rates In Sherman For Seniors

In Sherman, Texas Farm Bureau offers the most economical car insurance rates for seniors, with an average monthly quote of $45.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $45 $538
GEICO $92 $1,095
Progressive $93 $1,107
Mercury $101 $1,213
Chubb $104 $1,249

In Texas, numerous seniors may discover favorable car insurance rates, influenced by various advantageous factors. While age is commonly considered in determining insurance rates, the assumption of decreased driving ability with older age doesn’t necessarily apply to everyone.

Cheapest Car Insurance Rates In Sherman For Minimum Coverage

In Sherman, Texas Farm Bureau stands out as the most affordable car insurance company for minimum coverage, offering an average monthly cost of $22.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $22 $262
Progressive $42 $500
Mercury $43 $514
State Farm $48 $574
Nationwide $49 $581

A minimum car insurance policy should typically include at least the following coverage:

  • $30,000 for bodily injury per person
  • $60,000 for bodily injury per accident
  • $25,000 for property damage per accident

Maintaining minimum car insurance offers basic protection while driving, but it does not include collision or comprehensive coverage. Therefore, damages to your vehicle in accidents or incidents like theft and natural disasters won’t be covered.

Driving without insurance is illegal in Texas. If you’re unable to provide proof of insurance during a traffic stop, you may face penalties ranging from fines to license suspension or more severe consequences.

Cheapest Car Insurance Rates In Sherman For Full Coverage

In Sherman, Texas Farm Bureau offers the most affordable car insurance rates for full coverage, with an average monthly quote of $54.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $54 $646
GEICO $95 $1,141
Mercury $80 $958
Allstate $75 $896
State Farm $57 $682

Full coverage car insurance offers comprehensive protection that extends beyond the basic coverage required by law. It typically combines comprehensive and collision coverages.

Comprehensive coverage protects against non-collision incidents such as theft, vandalism, or natural disasters, while collision coverage provides financial protection for vehicle damages resulting from accidents, regardless of who is at fault.

Cheapest Car Insurance Rates In Sherman For Young Adults

In Sherman, State Farm provides the most affordable quotes for young adults, with rates averaging around $99 per month.

Provider Average Monthly Cost Average Annual Cost
State Farm $99 $1,187
GEICO $242 $2,917
Allstate $257 $3,020
Progressive $264 $3,119
Foremost $278 $3,214

In Texas, young adult drivers generally enjoy lower car insurance rates compared to teenagers. This pricing difference is due to the development of driving habits and a decrease in risk-taking behaviors as drivers mature.

Statistically, young adults are less inclined to file claims with insurance companies, indicating a reduction in accident involvement. As a result, insurers lower premiums, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Sherman For Teenagers

Teenage drivers in Sherman can secure the most affordable quotes from Nationwide, with average monthly premiums of $194.

Provider Average Monthly Cost Average Annual Cost
State Farm $201 $2,410
GEICO $319 $3,832
Nationwide $194 $2,332
Foremost $354 $4,112
Progressive $380 $4,591

Teenage drivers typically encounter the highest car insurance premiums, mainly due to their lack of experience behind the wheel. Insurance providers classify these young drivers as a high-risk group because they statistically have a higher likelihood of being involved in accidents and committing traffic violations.

Cheapest Car Insurance Rates In Sherman For Good Drivers

Good drivers in Sherman can secure the most affordable car insurance quotes from Texas Farm Bureau, averaging around $22 per month.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $22 $262
Progressive $42 $500
Mercury $43 $514
State Farm $48 $574
Nationwide $49 $581

Drivers with clean driving records in Sherman generally receive lower car insurance rates because they are viewed as lower risk by insurance companies. Insurers use driving records to assess how safely a person drives. Fewer incidents, such as accidents or traffic violations, indicate that the driver is cautious and less likely to file a claim.

Insurers determine rates based on the likelihood of a driver making a claim. Therefore, a spotless driving record can result in significant savings on premiums. It’s all about risk assessment – the cleaner the record, the lower the perceived risk, and consequently, the lower the insurance cost.

Cheapest Car Insurance Rates In Sherman For Drivers With Prior Incidents

In Sherman, drivers with records of traffic violations, including accidents, speeding, or DUIs, frequently encounter challenges in securing affordable car insurance. These driving infractions prompt insurance companies to categorize them as high-risk, anticipating a greater likelihood of future insurance claims.

As a result, insurance providers raise their rates for these individuals to offset the risk of facing higher claim payouts.

Cheapest Car Insurance Rates In Sherman For Drivers With A Speeding Ticket

Texas Farm Bureau stands out for its affordability compared to other insurance companies, offering average rates of $55 per month.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $55 $673
Travelers $241 $2,842
Geico $100 $1,198
Allstate $73 $874
Progressive $147 $1,762

Cheapest Car Insurance Rates In Sherman For Drivers With An At-Fault Accident

For drivers with an at-fault incident, Texas Farm Bureau provides the most economical car insurance quotes, averaging around $90 per month.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $90 $1,078
Dairyland $259 $3,218
Foremost $265 $3,242
Progressive $190 $2,278
Allstate $110 $1,318

Cheapest Car Insurance Rates In Sherman For Drivers After A DUI

For drivers with a DUI record, Texas Farm Bureau emerges as the company offering the most affordable rates. In Sherman, they provide average monthly premiums of $105.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $105 $1,258
Chubb $269 $3,286
Progressive $137 $1,642
Geico $155 $1,858
Allstate $115 $1,378

Best Car Insurance Companies In Sherman

For drivers in Sherman, selecting the appropriate car insurance company involves not only finding affordable rates but also ensuring reliable protection on the road. Presented below are the top 10 car insurance companies in Sherman, TX, ranked by the average monthly rate they offer.

Company Monthly Premium
Unitrin $145
GAINSCO $90
Texas Farm Bureau $93
Direct Auto $101
State Farm $101
Kemper $146
Mercury $152
Clearcover $165
SafeAuto $150
USAA $120

Average Car Insurance Rates By Age In Sherman

Age Average Yearly Rate
Teenagers $3,100
20s $2,100
30s $1,392
40s $1,356
50s $1,284
60s $1,188
70s $1,404

Age plays a significant role in determining car insurance rates. Typically, younger drivers, especially teenagers and young adults, encounter higher insurance premiums due to their inexperience and statistically higher likelihood of accidents and traffic violations. However, as drivers reach the age of 25, their rates generally begin to decrease, assuming they maintain a clean driving record.

The most favorable insurance rates are often offered to drivers in their 50s and early 60s. Insurance companies utilize age as a metric to assess driving experience and risk potential, thereby adjusting the cost of premiums accordingly.

Average Car Insurance Rates By Vehicle Type In Sherman

Vehicle Average Monthly Rate
Ford Mustang $50
Jeep Compass $88
Dodge Durango $68
Ford Bronco Sport $234
Chrysler 300 $280

The type of vehicle you own significantly impacts your car insurance costs. Insurance companies take into account factors such as the make, model, year, and body type of the car. Typically, newer vehicles, especially luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.

Conversely, older cars or those that are less expensive to repair or replace may result in lower premiums. Insurers consider these aspects because they directly affect the potential cost of claims – for example, repairs for a high-end car are generally more costly than for a standard vehicle. Additionally, certain car models known for safety may qualify for lower insurance rates due to a reduced risk of accidents and injuries.

How Much Is Car Insurance For Other Cities In Texas?

City Average Monthly Rate
Midland $118
Pharr $145
Beaumont $127
Arlington $130
Alpine $118
El Paso $122
Fort Worth $123
Baytown $140
Irving $135
Lubbock $116

The city where you reside indeed has a notable impact on your car insurance rates. Insurance companies evaluate various factors related to your location, such as the likelihood of accidents, vehicle theft, and vandalism rates, which tend to be higher in urban areas. This heightened risk often results in higher premiums.

FAQs

Who has the lowest car insurance rates in Sherman?

The lowest car insurance rates in Sherman are provided by Texas Farm Bureau for both the minimum coverage required by the State of Texas and full coverage, which includes comprehensive and collision coverage.

What is the average cost of car insurance in Sherman?

The average cost of car insurance in Sherman is approximately $108 per month. However, rates can vary depending on factors such as your zip code, the year and model of your car, your driving record, and other relevant considerations.

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