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How much is car insurance in Prosper?
|Area||Average Monthly Car Insurance Premium|
As you can tell from the chart above, the cost of coverage in Prosper is about $5 a month more expensive than the rest of Texas.
Compared to the national average cost of auto insurance coverage, Prosper has lower rates. The average monthly payment for the U.S. as a whole is about $10 more expensive than in Prosper.
Keep in mind that while these are the average car insurance rates for Prosper, it isn't guaranteed that it's what you'll pay. There are a number of factors that determine how much insurance companies might charge you for your insurance policy. Your monthly premium is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
But don't worry, we've broken down the average rates for Prosper residents based on several different factors so that you can get a more accurate idea of what you might pay. If you think you might be overpaying for insurance in your area, enter your ZIP below and find out!
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Prosper Car Insurance Rates by Age
|Age Range||Average Premium|
The more time you've spent on the road, the more experience you have. When it comes to car insurance bills, that experience pays off. In this case, 18-24-year-olds pay a lot more than someone who is at retirement age.
For every 10 years, you can expect to see a decrease in your monthly premium. You may see your rates start to rise again once you hit retirement in Prosper.
Prosper Car Insurance Rates by Gender
Male drivers pay, on average. slightly more than female drivers for auto insurance. This rings true in Prosper, where women pay around $6 less per month than men. As illustrated in the table above, female drivers in the area pay about $67 on average, while male drivers pay around $73 each month.
Prosper Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can vary wildly depending on your driving record. Those with clean records can expect to pay less than those with infractions. In Prosper, having a single accident on your record will usually get you rates around $111 a month. Likewise, drivers with one ticket will be looking at a rate of around $72 a month on average.
Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Prosper Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$45|
|15 Years or Older||$89|
According to the first table above, SUVs are by and large the cheapest vehicles to insure in Prosper, with drivers paying around $53 per month for insurance.
Truck and van drivers will see rates of about $92 to insure their car, while car owners typically pay around $73 a month.
Depending on how old your vehicle is, you can also expect to see slightly different rates. Generally, newer vehicles are going to be the most expensive to insure. Once your car is about 5 years old, however, your monthly bill may start to dip back down. In Prosper, the most expensive vehicles to insure are vehicles fifteen years and older.
Prosper Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$80|
Generally, those who are currently married will pay slightly less for auto insurance coverage. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.
The cost of auto insurance in Prosper reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $32 a month.
Prosper Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$96|
Your housing status is another component of how insurance companies calculate your monthly rate. Renters can expect to pay around $15 a month more than those who own their own home in Prosper. Those who live with their parents, however, can expect to pay a lot more.
Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your average premiums, depending on your insurance company.
Car Insurance Companies in Prosper, TX
Recent trends in car insurance for Prosper drivers
Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.
In Prosper, the rates for car insurance had been increasing from 2017-2018, when they reached a high of $81. This changed in 2019, when policy premiums began to decrease. They hit a low of $60 in 2021, and finished up in 2022, at $67 per month.
How does Prosper compare to neighboring areas?
Why are car insurance rates in Prosper different from other areas?
Car insurance companies will consider several factors when trying to decide how much to charge for a policy. Your insurance policy will depend largely on where you call home and will be influenced by things such as:
- Road Safety (total number of local car accidents)
- Total amount of drivers in the community
- Off-street parking access
Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Prosper?
While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Good news! Compare.com has you covered. Just punch in your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies providing auto coverage in Prosper in no time.
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Prosper Auto Insurance FAQs
What factors affect car insurance quotes in Prosper?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your credit score, driving record, address, and marital status.
Why is the cost of car insurance in Prosper different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like local laws, parking situations, and crime rates when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Prosper?
Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Prosper?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Prosper or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.
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