For infrequent drivers, one of the more important considerations that aid in calculating the cost of insurance is where your residence is. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of cheap car insurance rates.
The next table ranks the highest-priced places in Texas for low mileage drivers in which to purchase auto insurance. Lubbock is listed at #14 costing $1,682 for coverage, which is approximately $140 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Brownsville | $1,908 |
| 3 | Amarillo | $1,858 |
| 4 | Dallas | $1,855 |
| 5 | Houston | $1,853 |
| 6 | Laredo | $1,833 |
| 7 | Mesquite | $1,825 |
| 8 | Pasadena | $1,794 |
| 9 | Grand Prairie | $1,793 |
| 10 | Garland | $1,778 |
| 11 | San Antonio | $1,739 |
| 12 | Irving | $1,736 |
| 13 | Beaumont | $1,702 |
| 14 | Lubbock | $1,682 |
| 15 | Arlington | $1,642 |
| 16 | Plano | $1,624 |
| 17 | Fort Worth | $1,621 |
| 18 | Corpus Christi | $1,620 |
| 19 | El Paso | $1,616 |
| 20 | Austin | $1,610 |
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Information shown are approximated as specific Lubbock garaging address can decrease or increase price quotes significantly.
The car, truck, or SUV on the policy is a large factor in finding cheaper insurance for low mileage drivers. Vehicles with higher performance, a lack of modern safety features, or an increased likelihood of liability claims will cost much more to insure than more economical and safe models. The next list features auto insurance rates for a handful of the most affordable automobiles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $1,115 |
| Ford Explorer XLT 4WD | $1,221 |
| Honda Accord LX 4-Dr Sedan | $1,231 |
| Ford Escape XLS 4WD | $1,239 |
| Jeep Grand Cherokee Laredo 2WD | $1,292 |
| Toyota RAV4 Sport 4WD | $1,302 |
| Honda Odyssey LX | $1,353 |
| Ford F-150 STX Regular Cab 2WD | $1,360 |
| Toyota Corolla S | $1,360 |
| Toyota Prius | $1,365 |
| GMC Sierra SLT Extended Cab 4WD | $1,384 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,393 |
| Chevrolet Equinox LTZ 2WD | $1,384 |
| Chevrolet Silverado LTZ Crew Cab 4WD | $1,394 |
| Dodge Grand Caravan CV | $1,386 |
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate information does not factor in specific garaging location which can revise price quotes noticeably.
Looking at the numbers, we can expect cars like the Honda CR-V, Ford Explorer, and Honda Accord are a few of the cheapest vehicles to insure for infrequent drivers.
How to get discounts on Lubbock auto insurance
Insurance companies that provide coverage for low mileage drivers may also offer premium discounts that could potentially reduce rates by as much as 35% or more if you meet the requirements. A list of insurance companies and their offered discounts are included below.
- GEICO discounts include membership and employees, driver training, seat belt use, military active duty, multi-vehicle, and anti-theft.
- Auto-Owners Insurance may offer discounts for group or association, company car, anti-lock brakes, student away at school, air bags, and multi-policy.
- American Family includes discounts for good student, bundled insurance, early bird, accident-free, mySafetyValet, and Steer into Savings.
- Esurance has discounts for emergency road assistance, claim free, multi-car, anti-lock brakes, DriveSense, renters, and safety device.
- Progressive has savings for good student, online signing, online quote discount, multi-policy, homeowner, and multi-vehicle.
- State Farm offers discounts for Steer Clear safe driver discount, passive restraint, driver’s education, Drive Safe & Save, multiple policy, and good student.
- AAA may have discounts that include pay-in-full, multi-car, multi-policy, good driver, education and occupation, good student, and anti-theft.
The example below compares yearly insurance costs with and without some available policy discounts. The data assumes a female driver, a clean driving record, no claims, Texas state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with vehicle safety, accident-free, safe-driver, anti-theft, multiple policy, and homeowner discounts applied. When taking advantage of discounts, theamount saved on insurance for low mileage drivers is 28% or $570.
Should you buy full coverage?
Buying cheaper insurance is probably important to most drivers, and one easy way to find cheap insurance for low mileage drivers is to not buy comprehensive and collision coverage. The diagram below shows the difference between insurance costs when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no claims, $250 deductibles, single status, and no discounts are taken into consideration.
Averaged for all age groups, full coverage costs an extra $2,000 per year over and above liability only. At some point, almost every driver questions if it’s worth it to buy full coverage. There is no definitive formula for dropping comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s replacement cost is $4,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,500 after paying your policy deductible. If it’s costing in excess of $350 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.
The information below illustrates how your deductible choice can raise or lower insurance prices when getting quotes for cheap insurance for low mileage drivers. The price estimates are based on a married female driver, comp and collision included, and no discounts are applied.
The chart above illustrates that a 40-year-old driver could pocket $310 a year by increasing from a $100 deductible to a $500 deductible, or save $468 by using a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could shave up to $772 every year just by choosing higher deductibles. If you do decide to increase your deductibles, it’s a good idea to have emergency funds available to allow you to cover the extra out-of-pocket expense associated with higher deductibles.
How to find budget-friendly car insurance for low mileage drivers
It is possible to find better rates, and here are many thrifty suggestions that can help Texas drivers find lower-cost auto insurance.
- Safer vehicles generally have cheaper insurance rates
- Try to pay small claims out-of-pocket
- Buy your homeowners policy from the same company as your auto insurance
- Serious violations like DUI or reckless driving can increase rates dramatically
- Don’t waste money on full coverage for older vehicles
- Avoid preventable accidents
- Compare rate quotes often
The last item on the list is very significant, as we pointed out in the prior information. Car insurance rates adjust often, so you should be ready to buy a different policy if a better rate can be found.
Having a favorite company is great, but we do not recommend it if that devotion results in you overpaying lots of hard earned cash every month. In less than five minutes you could compare prices to find cheaper insurance for low mileage drivers in Lubbock.