You have most likely watched the catchy advertisements from insurers like The General and Progressive that guarantee big savings. So you should just pick one randomly, right?
Unfortunately, it’s just not that easy, as there are a ton of unknown aspects such as whether you are male or female, if you are a good driver, how safe your vehicle is, and the amount of liability coverage you want. If you keep reading, we will teach you about the things that influence insurance rates and also should give you a jump start in finding the best auto insurance in Lubbock.
Deciphering which insurers offer the cheapest insurance rates for high risk drivers takes a little more sweat in order to find the lowest price quote.
Each auto insurance company uses a little different formula for determining rates, so to begin we’ll rank the insurance companies with the overall best prices in Lubbock, TX. It’s important that readers know that Lubbock insurance rates are determined by lots of factors which can substantially change the cost of your policy. Getting older, adding a teenager to your policy, or getting a ticket for careless driving can produce rate changes that can now make some companies more affordable than competitors.
Best Insurance Companies for Risky Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,396 |
| 7 | Mercury | $1,476 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,698 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,227 |
| 17 | Unitrin | $2,264 |
| 18 | Encompass | $2,301 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,646 |
| Find Cheaper Rates Go | ||
Travelers generally has some of the best car insurance rates in Lubbock at around $1,010 a year. This is $894 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheapest Lubbock, TX car insurance companies.
In the above example, if you buy coverage from Germania Mutual and switched to USAA, you could realize an annual savings of in the vicinity of $198. Insureds with Esurance may save as much as $295 a year, and California Casualty insureds might see rate reductions of $312 a year.
Bear in mind that those rates are averaged for all insureds and vehicles and and are not calculated with a specific location for high risk drivers. So the insurer that can offer you the lowest price may not even be in the top 23 companies in the list above. That is why you need to get rate quotes using your own specific driver information and vehicle.
The vehicle model you are trying to insure is probably the most important factor when comparing low-cost car insurance for high risk drivers. Vehicles with high performance features, poor crash test ratings, or a history of substantial liability claims will cost more to insure than safer models.
The next table ranks auto insurance prices for a selection of the most budget-friendly vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $3,624 |
| Honda Accord LX-P 4-Dr Sedan | $3,730 |
| Ford Escape Limited 4WD | $3,970 |
| Toyota Prius | $4,017 |
| Dodge Grand Caravan SE | $4,049 |
| Chevrolet Impala LS | $4,203 |
| Honda Civic DX 4-Dr Sedan | $4,213 |
| Jeep Grand Cherokee Laredo 2WD | $4,243 |
| Ford Focus SE 4-Dr Sedan | $4,368 |
| Chevrolet Equinox LS 2WD | $4,372 |
| Chevrolet Malibu Hybrid | $4,377 |
| Hyundai Elantra Blue 4-Dr Sedan | $4,395 |
| Ford Explorer Limited 4WD | $4,415 |
| Toyota Tacoma Double Cab 4WD | $4,425 |
| Toyota RAV4 Limited 4WD | $4,417 |
| Compare Cheap Rates Go | |
Price data assumes single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Information does not factor in zip code location which can impact rates considerably.
By looking at the data, cars like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Dodge Grand Caravan are most likely to be some of the more affordable vehicles to insure for high risk drivers. The cost of auto insurance will trend higher just due to the fact that there is more claim exposure for high risk drivers, but overall those specific models will tend to have the lowest prices compared to all other vehicles.
The example below demonstrates how deductible levels can influence premium costs when searching for cheap insurance for high risk drivers. The rate quotes are based on a single male driver, comp and collision included, and no discounts are taken into consideration.
A 30-year-old driver could save $422 a year by increasing from a $100 deductible up to a $500 deductible, or save $634 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old, could shave up to $1,236 annually just by using higher deductibles.
If you make the decision to raise deductibles, it is essential to have plenty of discretionary funds to offset the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Insuring your vehicle with a highly-rated insurance company is hard considering how many choices you have in Texas. The rank data in the lists below can help you decide which companies you want to consider to insure your vehicles.
These rankings only include companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in Texas are not factored into the list. To view rates from many more Texas auto insurance companies, just click here.
Top 10 Large Auto Insurance Providers in Lubbock Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Top 10 Large Auto Insurance Providers in Lubbock Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
If you have coverage questions and would like to have a consultation when shopping for the best coverage for high risk drivers, the agents shown below can help you make a decision which car insurance policy is best.
To find a Lubbock insurance agency nearest to you, click the button at the bottom or click here to compare price quotes.
- Butler Carson Tate Insurance
4505 82nd St # 10 – Lubbock, TX 79424 – (806) 798-7979 - Farmers Insurance
3206 34th St – Lubbock, TX 79410 – (806) 791-2892 - Grimes Insurance Agency Inc
1651 Broadway St – Lubbock, TX 79401 – (806) 762-0544
Find a Lubbock, TX insurance agent near you
Tips for finding budget-friendly insurance for high risk drivers
It’s not impossible to find cheaper rates, and here are many thrifty solutions that can help Texas drivers locate lower-cost auto insurance.
- Good credit can mean cheaper rates
- Save money by insuring older vehicles for liability only
- Drive a car with a high safety rating
- Staying accident-free helps keep rates low
- Buy your auto and home insurance from the same company and save
- Shop around once a year for cheaper rates
The last tip is extraordinarily important, as we emphasized in this article. Auto insurance rates in Lubbock can change considerably based on profitability, so you should be ready to buy from a new company if a more affordable price is available. Having a favorite company is fine, but we do not recommend it if that loyalty results in overpaying major coinage every year. If you have a few minutes, now is a great time to shop around to find cheaper car insurance for high risk drivers.