Table of contents
How much is car insurance in Prosper?
|Area||Average Monthly Car Insurance Premium|
Looking at the chart above, you can see that it is around $8 a month more expensive to insure your vehicle in Prosper than it is in the rest of Texas.
On the other hand, car insurance rates in Prosper are more affordable than the national average. Auto insurance coverage in Prosper is about $8 cheaper than it is for the rest of the United States.
These rates may be the average amount drivers in Prosper pay for their insurance policy, but that doesn't mean it's exactly what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the bill you'll see each month.
Don't sweat it however, we've broken down average rates for Prosper residents based on several different factors so that you can get a more accurate idea of what it might cost to insure your vehicle. And if you're not certain that you're paying the lowest option, simply enter your ZIP Code below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|45-54||Not Enough Data|
More time behind the wheel makes you a more experienced driver. That experience can lead to some serious savings when it comes to car insurance bills. According to the table above, you can see that 18-24-year-olds pay $57 more than someone who is at retirement age.
You can expect to see your monthly premium drop every 10 years or so. Having said that, once you approach retirement age your rates may creep back up in Prosper.
Average Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. In Prosper, male drivers pay about $6 more per month. As you can see in the table above, female drivers in the area typically pay $68 on average, while female drivers typically pay $74 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can vary wildly depending on your driving record. Drivers with clean records will pay significantly lower rates than those with accidents or violations. In Prosper, a driving record with a single accident will usually get you a rate around $115 a month. In addition, drivers with one ticket can expect to pay around $45 a month on average.
Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$53|
|15 Years or Older||$93|
In Prosper, the cheapest vehicles to insure are typically SUVs, with drivers paying around $54 per month for insurance coverage.
Truck and van drivers will see rates of about $91 for auto insurance coverage, while car owners by and large pay around $73 a month.
In addition to vehicle type, you can also expect to see slightly different rates based on the age of your vehicle. Newer vehicles are generally going to be the most expensive to insure. Once your car is a few years old however, your rates may start to dip back down a bit. In Prosper, vehicles fifteen years and older are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$83|
More often than not, those who are currently married will pay slightly less for auto insurance. This oftentimes is a result of owning multiple vehicles that are on the same policy, something some companies will reward with discounts.
At a national level, single drivers usually pay more than married couples do for auto insurance. Prosper follows that pattern, with the difference totaling to around $33 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$96|
Another factor taken into consideration is your living accommodations. If you rent your home or apartment in Prosper, expect to pay around $10 a month more than if you own your home. But those who live at home with their parents can expect to pay significantly more.
Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your average costs.
Car Insurance Companies in Prosper, TX
Recent trends in car insurance for Prosper drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance provider.
The rates for auto insurance in Prosper increased from 2016-2018, when they hit a high of $81. This pattern shifted in 2019, when they began to decrease, and have continued to do so through 2021, when car insurance rates reached a low of $52 per month.
How does Prosper compare to neighboring areas?
Why are car insurance rates in Prosper different from other areas?
Car insurance companies look at numerous factors when they're figuring out how much to charge for a policy. While we've discussed the ones that affect your personal policy, others are based around where you park your car. These include things like:
- Road Safety (how many accidents each locality has)
- Access to off-street parking
- Number of drivers in the community
- Prevalence of crime
- Area laws
You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. 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?
Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
But wait! Compare.com can handle all of this for you. Just type in your ZIP below, answer a few questions about you and your car, and you'll be quickly comparing the cheapest quotes from the many car insurance companies providing policies in Prosper.
Prosper 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 gender and age, 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?
Local laws, parking situations, and crime rates -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Prosper?
No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, 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 relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
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.