Sherman, TX Car Insurance

How does Sherman compare to the surrounding area and the rest of Texas? How much can residents of Sherman expect to pay for their car insurance? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:

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How much is car insurance in Sherman?

Based on the chart above, you can see that coverage in Sherman typically costs about $9 a month less than it does in the rest of Texas.

Drivers relocating from out of state may enjoy some cost savings in Sherman. You can expect to pay about $24 less for your policy in Sherman than in the rest of United States.

While these numbers represent the average monthly payments for coverage in Sherman, that doesn't mean it's what you'll pay. There are a variety of factors that car insurance companies consider to determine how much to charge you to insure your vehicle. 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.

We've broken down average rates for Sherman to help you understand what your policy's monthly premium will cost. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below and find out in just minutes!

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Sherman Car Insurance Rates by Age

The more time you've spent on the road, the more experience you have. That experience can really work in your favor when factored into your car insurance rates. As you can see, 18-24-year-olds pay twice as much as drivers 65 and older.

You can expect to see your monthly premium drop every 10 years or so. That said, once you hit retirement age, your rates may creep back up a bit in Sherman.

Sherman Car Insurance Rates by Gender

Car insurance rates for women are generally cheaper than they are for men. In Sherman, this difference shakes out to about $8 per month. Based on the chart above, you can see that male drivers pay $60 on average, while female drivers typically pay $52 each month.

Sherman Auto Insurance Rates by Driving Record

Depending on your driving record, your rates can vary wildly. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. In Sherman, a driving record with one accident will usually get you a rate around $81 a month. Likewise, drivers with one ticket will be looking at a rate of around $53 a month on average.

When it comes to your monthly premium, accidents, tickets, and other driving infractions can really take a toll. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.

Sherman Insurance Rates by Vehicle

In terms of affordable coverage, the cheapest vehicles to insure in Sherman are typically SUVs, at $51 per month.

Car owners will see rates of about $57, while truck and van owners usually pay around $55 a month.

In addition to vehicle type, you can also expect to see slightly different rates based on your vehicle's age. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to drop back down once your car is close to 5 years old. The most expensive vehicles to insure in Sherman are vehicles four-to-five years old.

Sherman Car Insurance Rates by Relationship Status

More often than not, those who are currently married will pay slightly less for insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.

According to the table above, the difference in rates based on relationship status in Sherman can be as much as $18 a month, so it's worth taking into consideration.

Sherman Car Insurance Rates by Housing Situation

One other element taken into consideration is your housing status. If you rent your home or apartment, expect to pay around $9 a month more than if you own your own home in Sherman. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your average costs.

Car Insurance Companies in Sherman, TX

Recent trends in car insurance for Sherman drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before picking an insurance policy.

Car insurance rates in Sherman increased from 2017-2018, when they hit a high of $65. This leveled out in 2019, when rates started to decrease. They reached a low of $44 in 2020, and finished down in 2022, at $52 per month.

How does Sherman compare to neighboring areas?

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

When considering how much to charge for a monthly rate, car insurance companies will consider numerous factors. While we already mentioned the ones that affect your personal policy, others are influenced by where you live and drive. These include things like:

• Number of drivers in the region
• Amount of off-street parking
• Road Safety (how many accidents each locality has)
• Rate of crime
• Laws

Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. 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 Sherman?

While knowing 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.

But wait! Compare.com will handle the heavy lifting for you. Simply enter your ZIP below, respond to a few questions, and you'll be comparing the cheapest quotes from the many car insurance companies offering coverage in Sherman.

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Sherman Auto Insurance FAQs

What factors affect car insurance quotes in Sherman?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your address, driving record, marital status, credit score, plus your vehicle's year and make and model.

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

Crime rates, local laws, and parking situations -- 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 Sherman?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Sherman?

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. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Sherman or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?