Prosper, TX Car Insurance

The average monthly cost for car insurance in Prosper is about $70. Check out our guide below to find out how much you'll pay.
How does Prosper compare to the surrounding area and the rest of Texas? What can Prosper residents expect to pay for their car insurance? Find the average cost breakdowns and determining factors in the charts and writeups below:  

How much is car insurance in Prosper?

Area Average Monthly Car Insurance Premium
Prosper$70
TX$65
United States$81

As you can see in the chart above, it is around $5 a month more expensive to insure your vehicle in Prosper than it is in the rest of Texas.

On the flip side, car insurance rates in Prosper are more affordable than the national average. The average monthly payment for the U.S. as a whole is about $11 more expensive than in Prosper.

While these numbers are the average rates for auto insurance in Prosper, that doesn't mean it's what you'll pay. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. The monthly premium you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.

Don't worry, we've done the work for you and broken down the average rates for Prosper to help you understand what your monthly premium might be. And if you think you might be overpaying for insurance, simply enter your ZIP below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$202
18-24$113
25-34$59
35-44$57
45-54$53
55-64$38
65+$57

The more time you have behind the wheel, the more experienced of a driver you should be. When it comes to your monthly premium, that experience can really pay off. According to the table above, you can see that 18-24-year-olds pay significantly more than drivers 65 and older.

You can expect to see your monthly premium drop about once a decade or so. That said, once you hit retirement, your rates may creep back up in Prosper.

Average Car Insurance Rates by Gender

Gender Average
Male$74
Female$66

Female drivers pay, on average, slightly less than their male counterparts. In Prosper, the difference is around $8 a month. As you can see in the table above, female drivers in the area typically pay $66 on average, while female drivers typically pay $74 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$115
Multiple Accidents$112
1 Ticket$72
Multiple Tickets$97

Your driving record can have a tremendous impact on your car insurance rates. Those with clean records will see the most affordable rates, whereas even a single accident or infraction can cost you. Drivers in Prosper with a single accident will pay around $115 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $72.

Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$45
2-3 Years$51
4-5 Years$67
6-7 Years$65
8-10 Years$65
11-14 Years$75
15 Years or Older$88

The cheapest vehicles to insure in Prosper are typically SUVs, with each type typically costing about $54 per month.

SUV owners, on the other hand, by and large pay around $54 per month, while truck and van drivers can expect to pay about $92 a month for car insurance coverage.

Depending on your vehicle's age, you can also expect to see slightly different rates. Newer vehicles are generally going to be the most expensive to insure. However, once your car is a few years old you may start to see your rates drop back down a bit. In Prosper, the most expensive vehicles to insure are vehicles fifteen years and older.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$80
Married$49
Divorced$54

Generally speaking, those who are currently married will pay slightly less to insure their vehicle. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

On a national scale, married drivers typically pay less than single drivers for auto insurance. Prosper is no exception, with the difference totaling to around $31 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$56
Rent$69
Live with parents$96

One other element taken into consideration is your housing status. Drivers who own property in Prosper can expect to pay around $13 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.

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

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.

Car insurance rates in Prosper increased from 2016-2018, when they reached a high of $81. This trend leveled out in 2019, when they began to decrease, and have continued on that road through the present, when rates hit a low of $60 per month.

How does Prosper compare to neighboring areas?

Why are car insurance rates in Prosper different from other areas?

There are a number of factors car insurance companies will consider when choosing how much to charge for a monthly rate. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you live and drive. These include things like:

  • Frequency of car accidents
  • Area regulations
  • Crime
  • Total number of drivers in the region
  • Off-street parking access

It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Different towns and cities will all have different average rates, so guides like these are a great place to get started.

How can I find the cheapest car insurance in Prosper?

Equipping 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.

Don't worry, Compare.com does all of that work for you. Just type in your ZIP Code below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from loads of the car insurance companies providing policies in Prosper.

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Prosper Insurance FAQs

What factors affect car insurance quotes in Prosper?

Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

Why is the cost of car insurance in Prosper different from other neighboring cities?

Things like local laws, crime rates, and parking situations, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

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 finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

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 time, regardless of how long is left on your current policy. So, if you've recently moved to Prosper or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.

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