Auto Insurance Quotes in Lubbock

It goes without saying that car insurance companies want to keep you from shopping around. People who shop rates annually are highly likely to buy a new policy because they have good chances of finding lower rate quotes. A study showed that drivers who faithfully checked for cheaper rates saved an average of $3,450 over four years compared to other drivers who never shopped around for better prices.

If saving the most money on insurance in Lubbock is the reason you’re here, knowing the best ways to find and compare auto insurance can make it easier to shop your coverage around.

The easiest way to find lower priced car insurance rates in Lubbock is to start doing an annual price comparison from companies in Texas. Rates can be compared by completing these steps.

• Step 1: It will benefit you to learn about how car insurance works and the modifications you can make to lower rates. Many rating criteria that result in higher prices such as speeding tickets, careless driving and a poor credit score can be rectified by paying attention to minor details.
• Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like GEICO and Allstate, while agents who are independent can provide price quotes from multiple insurance companies. View companies
• Step 3: Compare the price quotes to your current policy premium to see if cheaper coverage is available in Lubbock. If you find a better price and switch companies, make sure there is no coverage gap between policies.
• Step 4: Provide notification to your current agent or company to cancel your current auto insurance policy. Submit a completed policy application and payment to the new company. Be sure to keep the new proof of insurance paperwork with the vehicle registration.

The key thing to know about shopping around is that you’ll want to make sure you compare the same liability limits and deductibles on each quote request and and to get rates from every company you can. Doing this enables a level playing field and the best price quote selection.

Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in the specific area where the vehicle is garaged which can revise coverage rates significantly.

When shopping for cheap Lubbock auto insurance quotes, there are a couple of ways to compare prices from different companies. One of the best ways to find cheaper rates is to get quotes online.

Just keep in mind that comparing a large number of companies helps locate the best price.

The following companies offer price quotes in Texas. If multiple companies are listed, we recommend you compare several of them in order to get a fair rate comparison.

Lower the price of insurance with these tips

Consumers need to have an understanding of the rating factors that help calculate the price you pay for insurance. If you understand what determines base rates, this allows you to make good choices that can help you get lower insurance prices. Multiple criteria are part of the equation when you quote your car insurance policy. Some are pretty understandable like your driving record, but other factors are not quite as obvious such as your credit history or how safe your car is.

Listed below are some of the major factors used by your company to calculate your rates.

Extra coverages can add up – Insurance companies have many extra add-on coverages that can waste your money but may not be useful. Things like personal injury protection, accident forgiveness, and motor club memberships are probably not needed. They may seem like a good idea when buying your policy, but your money might be better spent on other coverage so get rid of them and save.

How do annual miles impact costs? – The more miles you rack up on your car annually the more you will pay for insurance. A lot of companies calculate rates determined by how the vehicle is used. Cars and trucks that do not get driven very much can get a lower rate than vehicles that have high annual mileage. Double check that your vehicle rating properly reflects the correct usage for each vehicle, because it can save money.

Safer vehicles means better premiums – Cars with five star safety ratings get lower rates. Vehicles engineered for safety reduce occupant injuries and lower rates of occupant injuries means lower claim amounts and lower rates for you. If your car has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.

Prevent insurance policy lapses – Not having insurance is not a good idea and your next policy will cost more because you let your coverage lapse. Not only will you pay higher rates, the inability to provide proof of insurance might get you a steep fine or even jail time.

Multiple policies with one company – Many insurers provide a discount to buyers who have multiple policies with them in the form of a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. Even though this discount sounds good, consumers should still comparison shop to confirm you are receiving the best rates possible.

Having a spouse is a bonus – Having a spouse can get you a discount on your policy. Having a significant other translates into being less irresponsible and insurance companies reward insureds because married drivers get in fewer accidents.

Pay more out-of-pocket – The deductibles are how much you are required to spend out-of-pocket if a covered claim is submitted. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply could be rear-ending another vehicle, fire damage, and damage caused by road hazards. The more expense you have to pay, the lower your rates will be.

Why do you need liability insurance? – Your insurance policy’s liability coverage is the protection when a jury decides you are liable for causing damage or personal injury in an accident. It will provide legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.

It may be expensive, but it’s not optional

Despite the fact that auto insurance is not cheap in Lubbock, insurance serves an important purpose.

• Almost all states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability insurance coverage in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your vehicle, most lenders will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank will be required to insure your vehicle at a significantly higher premium and force you to reimburse them the higher premium.
• Insurance protects both your vehicle and your assets. Insurance will also pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability insurance also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, your auto insurance policy will pay to repair the damage minus the deductible amount.

The benefits of insuring your car more than cancel out the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver overpays more than $820 a year so smart consumers compare quotes at least once a year to save money.

Car insurance claims by make and model

Which vehicles tend to have fewer claims? The next tables show the worst and best makes and models for likelihood of having to file claims organized by coverage.

Car insurance company ratings

Ending up with a good quality auto insurance provider can be a challenge considering how many different insurance companies sell coverage in Lubbock. The company ratings displayed below could help you select which providers to look at shopping prices with.

Top 10 Lubbock Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive