Finding Cheap Auto Insurance in Sherman Texas

Sherman is a smaller city in Northern Texas located in Grayson County. It’s claim to fame is being home to liberal arts college Austin University. Across the United States, Texas is known for having some of the highest auto insurance rates. Texans pay almost 27% more than that national average in some cities, so it’s very important that you shop around to find the best rates.

Thankfully with Sherman being a smaller town compared to nearby Dallas and Houston the auto insurance rates are less than the other metropolitan areas. We have found that obtaining cheap auto insurance rates in Sherman is very obtainable. Here are some discounts you should always ask for when your are getting auto insurance quotes in Sherman:

discounts to ask for

Buying car insurance is one of life’s little chores that no one really enjoys but putting time and effort into the hunt will save you a lot of money in the long run. You can have an insurance broker help you shop. An auto insurance broker in Sherman can provide you with car insurance rates through numerous auto insurance companies with one phone call. Many people like this because the insurance broker does a lot of the work for you and in many cases can find you cheap insurance.

Top Ranked Auto Insurance Companies In Texas

People generally want the lowest auto insurance rates but also care about the level of customer service they can expect. If they ever have a claim, they want assurance that it will be handled quickly and fairly. Here are some recent rankings found by Carinsurance.net.

top ranked insurance companies

You may have noticed the company Texas Farm Bureau on this list and wondered what that is all about. You don’t have to be a farmer to get qualified for this insurance. It’s simply a group of people that create a pool to save money on premiums. You can sign up but you must pay yearly dues to be a member.

Full Coverage Auto Insurance In Sherman, TX

Full coverage insurance is what post people have to protect their cars and assets. Cars purchased with bank loans are required to carry full-coverage insurance because that is what is in the bank’s best interest. Even if you paid cash or have paid off the car loan, full coverage offers you the most protection in the event of an accident or in situations where your car is damaged.

You’ll still have to pay a deductible and premiums, but otherwise your liability after a crash is limited.

graph for middle aged drivers

Be careful when using averages to select your car insurance. Even local averages can be misleading when it comes to auto insurance because so many personal factors come into play when calculating rates. People with similar backgrounds can still get different rates because they drive different cars or have different credit scores. You’ll need to get comfortable sharing personal information like your credit score with an insurance company to get accurate quotes.

People generally assume things like the type of car they drive and if they’ve had any accidents will apply to their car insurance premiums. What comes as a surprise to many is that your credit score, your marital status, and your age are all very important as well.

Cheapest Auto Insurance Rates For Good Drivers With Poor Credit

Maintaining a good credit score isn’t just important when shopping for your new car. Having a low credit score is a red flag to insurance companies who will see you as a high-risk client. Sometimes bad enough credit can prevent you from getting insurance with the company of your choosing and can raise your rates even more than having accidents on your record.

graph for drivers with poor record

Cheapest Auto Insurance After Speeding Tickets In Sherman

As hard as you try, you could end up with a speeding ticket. Speeding tickets cause an increase in rates that can last three to five years. High speed driving causes many accidents. Distracted driving often leads to losing track of your speed so keep your focus on the road to avoid tickets.

Texas Farm Bureau: $1,041 per year.
Geico: $1,410 per year.
Republic Group: $1,446 per year.
State Farm: $1,878 per year.
Auto Club of SoCal: $1,990 per year.

Cheapest Rates After One At-Fault Crash In Sherman

Even though some companies offer one-time accident forgiveness, even a small accident can raise your rates with most companies. Accidents will appear on your driving record for up to 5 years. These are the rates you can expect in Sherman after a crash.

graph for rates after one accident

Cheapest Car Insurance After A DUI In Sherman Texas

Drinking and driving is never a good idea. Getting caught drinking and driving will cause you a world of legal trouble. A DUI citation can not only risk your life and the lives of others but can make it difficult to keep your driver’s license and find affordable insurance. Some companies may choose to drop your coverage entirely over an offence of this magnitude. If you are kept on, your rate increases will be substantial.

Texas Farm Bureau: $1,511 per year.
Republic Group: $1,730 per year.
Geico: $1,861 per year.
Auto Club of SoCal: $2,334 per year.
State Farm: $2,831 per year.

Cheap Insurance For Young Adults In Texas

While teen drivers might be the most expensive group of drivers to insure, young adults aren’t favored either. They have a tendency to drive faster and cause more accidents than middle-aged drivers. Their rates are better than teens but not by that much. Getting married will help a bit, but most people in their 20’s have higher rates on average.

graph for young adults

How Getting Married In Sherman Impacts Your Auto Insurance

Tying the knot is not only a dream come true for many but married couples usually enjoy much lower rates for car insurance. Marriage, or living with someone for a period of years, makes you a more attractive insurance customer. Married people tend to be safer drivers according to statistics and they certainly have more to lose. The following averages are for two people, a married or live-in couple, in Sherman, Texas.

graph for married couples

Sherman Texas Auto Insurance With Teen Drivers

Nothing will make more of an impact on your premiums than having a teen with a driver’s license. Causing a majority of the fatal crashes across the US, and more prone to distracted driving, teens are costly to insure. Companies are taking more of a risk and it shows in the premiums they must charge. Relatively affordable insurance is still possible, the following shows rates for a married couple with one teen driver (3 individuals) for full-coverage.

Geico: $3,247 per year.
Texas Farm Bureau: $3,717 per year.
Republic Group: $4,137 per year.
Auto Club of SoCal: $4,880 per year.
State Farm: $5,064 per year.

What Is Full Coverage Auto Insurance?

Saying “full-coverage” is a way to quickly say that a person has liability, collision, and comprehensive coverage. It’s short-hand and not an actual type of insurance. The majority of drivers will elect to take out full-coverage for a variety of reasons, but mostly because it offers the most protection.

Liability insurance, mandated under state law, covers the other party’s expenses after an accident someone else (you) are responsible for.

If you want your own damages covered by insurance after an accident that you cause, you’ll need collision insurance.

Comprehensive coverage is what covers non-crash related damage to your own vehicles. This includes theft, vandalism, and weather damage. If the body of your car is pelted with hail in a bad storm, your comprehensive coverage is what helps you pay for repairs.

Having all three of these coverages in one policy is called full-coverage. There are still more things you can add-on such as roadside assistance, rental car insurance, and more.

Cheap Liability Car Insurance Options In Sherman

Some people only need liability insurance. If you don’t have your own car, or your car is not worth as much that’s already paid for, and you can’t afford full-coverage on it, you have the much cheaper option of taking out minimum liability coverage.

Texas law dictates the legal minimum liability drivers must carry:

$30,000 bodily injury/death liability coverage per person.
$60,000 bodily injury/death liability coverage per accident.
$25,000 property damage liability coverage per accident.

What happens if you get into a serious wreck with multiple cars and the damages far exceed these minimums? You could find yourself being sued in court for the leftover damages. That’s why many people opt for higher limits in their policy. Your broker can help you determine the best limits to protect yourself financially.

Cheapest Minimum Coverage For Good Sherman TX Drivers:

Texas Farm Bureau: $441 per year.
Geico: $559 per year.
Auto Club of SoCal: $638 per year.
State Farm: $754 per year.
Republic Group: $858 per year.

Cheapest Minimum Coverage For People With Poor Credit In Sherman TX:

Texas Farm Bureau: $907 per year.
Auto Club of SoCal: $1,227 per year.
Geico: $1,269 per year.
Allstate: $1,346 per year.
Republic Group: $1,425 per year.

Cheapest Minimum Coverage After One Crash In Sherman TX:

Texas Farm Bureau: $548 per year.
Geico: $971 per year.
Republic Group: $1,073 per year.
State Farm: $1,104 per year.
Auto Club of SoCal: $1,246 per year.

Cheapest Minimum Coverage After A DUI In Sherman TX:

Texas Farm Bureau: $665 per year.
Geico: $945 per year.
Auto Club of SoCal: $1,268 per year.
Republic Group: $1,362 per year.
Allstate: $1,396 per year.

Cheapest Minimum Coverage After Tickets In Sherman TX:

Texas Farm Bureau: $479 per year.
Geico: $753 per year.
State Farm: $955 per year.
Allstate: $968 per year.
Auto Club of SoCal: $1,056 per year.

Cheapest Minimum Coverage For Young Adults In Sherman TX:

Texas Farm Bureau: $479 per year.
Geico: $677 per year.
Auto Club of SoCal: $754 per year.
State Farm: $814 per year.
Allstate: $951 per year.

How Much Is Auto Insurance In Sherman Compared To The Rest Of The State?

Sherman is about dead center when it comes to city by city rates across Texas. It’s not on the high end nor is it on the low end. The state average is about equal to rates you’ll see in Sherman, TX. Texans pay $1,810 a year for full-coverage while the national average is closer to $1,426. These rates will change quite a bit, though, depending on a number of personal factors, what type of car you drive, and where you live.

Sherman has a population of around 42,462 but it’s growing steadily as a developing area. Their insurance prices have stayed steady over the last several years. It’s lower population though is offset by it’s bad weather. So they aren’t the cheapest nor the most expensive for insurance in the state. You can find some good information about nearby Dallas insurance companies in our blog article.

FAQs About Car Insurance In Texas

Do Texas Drivers Pay Higher Insurance Rates Than In Other States?

It’s true, the state of Texas does everything on a bigger scale. This includes having the second largest population count in the US and having more incidents of crazy weather than other states due partly to its land mass. Population and weather combined do make for increased insurance premiums. People also tend to drive more often and in longer distances at a time in Texas and hours clocked on the road also play into premiums.

In Texas you can pay a few hundred dollars a year more than drivers in other states for your auto insurance. Luckily, there are many ways to help lower your costs and take the sting out of auto insurance by finding discounts and cheaper rates.

Are There any Non-Standard Insurance Companies In Sherman?

Non-standard insurance companies are those that focus on people with unique situations that often prevent them from getting auto insurance with one of the major companies. Three that are able to service Sherman, Texas are:

non standard insurance companies

You could find yourself needing a non-standard insurance company if you have too many accidents, a poor credit score, or get a DUI citation. Failure to pay your auto insurance premiums or having lapses in coverage can also make it difficult to get insurance at a standard company.

Can Military Members And Their Families Save More On Insurance In Sherman?

USAA is a great option for car insurance for active duty and deployed military service people and their families. You can also get USAA insurance if you are retired from the military or honorably discharged.

What Are The Laws On Phone Usage While Driving In Sherman?

Smartphones have changed our lives in many great ways. A downside, however, is that they cause distracted driving that leads to accidents. In 2017, the state of Texas banned texting while driving officially, this includes emailing while driving as well. This came after statistics in 2016 showed that 109,658 accidents were caused in Texas by distracted driving that lead to 455 deaths and over 3,000 serious injuries. All drivers under the age of 18 are banned from any cell phone use while driving, even hands-free usage is illegal for these drivers.

What Is SR22 Insurance And Do I Need It In Sherman, Texas?

You will only need SR22 insurance if your license has been suspended. It isn’t actually insurance but some extra paperwork that proves financial responsibility while your license is withheld. The SR22 form has a small filing fee but doesn’t raise your car insurance rates. What does raise your rates is the infraction that caused you to lose your license in the first place (such as DUI).

Understanding Deductibles And Your Policy:

If you’re already paying a monthly or yearly premium, why must you also pay a deductible for each claim? It feels unfair, but there is a good reason why insurance companies have deductibles. Deductibles help keep costs lower and prevent fraudulent or frivolous claims that could drive costs up. It makes car owners more responsible with their insurance claims.

In order to fully understand your policy, check your paperwork or online to find your declarations page. The declarations page will spell out everything that is covered in your plan. While it can be a lot of reading, it’s important if you want to be fully informed about the details of your car insurance plan.

How To Lower Your Auto Insurance Rates In Sherman

Once you’ve found the insurance company you want to work with, you still have a few options to further lower your monthly premiums. If you need a lower payment, try some of these options:

Choose a higher deductible. The lower your deductible is, the higher your premiums will be. The deductible is money you must spend out of your own pocket before insurance kicks in. Take on more risk with the deductible and you can lower your monthly costs.
See if you qualify for any discounts. Insurance companies offer discounts for safe driving, certain professions, good grades for students, and more.
You can pay your monthly premiums using auto-draft from your bank account, or pre-pay your premiums in 6 or 12 month increments to lower your costs.
Use multi-car discounts or bundle your home and auto insurance for better rates.