The words “low-priced” and “insurance” probably shouldn’t be used together, especially when you are looking for the cheapest coverage for safe drivers. To help control this cost, let’s familiarize you with some things that can significantly affect car insurance rates, and come up with some ideas to slash the price of the next policy you buy.
The vehicle driven is a significant factor when consumers are trying to find cheaper auto insurance for safe drivers. Vehicles with average performance, advanced safety features, or a low likelihood of having liability claims will cost less to insure than adrenaline junky models. The table below shows auto insurance costs for a selection of the most economical vehicles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,025 |
| Honda Accord EX-L 4-Dr Sedan | $1,114 |
| Hyundai Elantra GLS Touring Station Wagon | $1,158 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,160 |
| Honda CR-V EX 4WD | $1,190 |
| Ford Edge Limited 2WD | $1,194 |
| Chevrolet Equinox LS AWD | $1,217 |
| Toyota RAV4 Limited 4WD | $1,226 |
| Dodge Grand Caravan SXT | $1,240 |
| Ford F-150 XL Crew Cab 2WD | $1,258 |
| Honda Civic VP 4-Dr Sedan | $1,260 |
| Toyota Prius | $1,283 |
| GMC Sierra SLT Crew Cab 2WD | $1,306 |
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in specific Lubbock, TX garaging location which can change coverage rates noticeably.
Looking at the rates, you can presume that cars like the Ford Escape, Honda Accord, Hyundai Elantra, Jeep Wrangler, and Honda CR-V are most likely going to be a few of the cheapest vehicles to insure for good drivers.
Determining which companies offer the most affordable insurance rates for safe drivers will require more work in order to find the best price. Each auto insurance company uses a slightly different approach for determining rates, so let’s take a look at the most budget-friendly insurance companies in Lubbock.
Lowest Insurance Price Quotes for Safe Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,382 |
| 7 | State Farm | $1,510 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,549 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,701 |
| 13 | Amica | $1,757 |
| 14 | GEICO | $2,135 |
| 15 | Home State | $2,155 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,241 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,672 |
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Travelers offers some of the most affordable car insurance rates in Lubbock at around $1,021 annually. This is $883 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the cheapest Lubbock, TX car insurance companies.
As shown in the rates above, if you are currently insured with Germania Mutual and switched to USAA, you might see an annual savings of approximately $198. Insureds with Esurance could save as much as $295 a year, and California Casualty customers might cut rates by $298 a year.
To see if you’re overpaying, click here to start a quote or quote prices from the following companies.
Be aware that those premium estimates are averaged across all insureds and vehicles and are not factoring in a specific location for safe drivers. So the insurer that fits your age and vehicle best may not even be in the top 23 companies in the list above. That is why you need to compare rates from multiple companies using your own specific driver and vehicle information.
For good drivers, one of the big criteria that help determine the price you pay for insurance is where you live. Areas with a lot of weather claims or more people will most likely have higher rates, whereas areas that tend to be more rural receive better rates.
The next table sorts the highest-priced places in Texas for safe drivers to buy auto insurance in. Lubbock makes the list at #13 with a yearly premium of $1,733 for the average insured, which is around $144 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Laredo | $1,907 |
| 3 | Brownsville | $1,851 |
| 4 | Dallas | $1,837 |
| 5 | Houston | $1,835 |
| 6 | Garland | $1,832 |
| 7 | Mesquite | $1,807 |
| 8 | Pasadena | $1,794 |
| 9 | Amarillo | $1,786 |
| 10 | Beaumont | $1,772 |
| 11 | Grand Prairie | $1,740 |
| 12 | San Antonio | $1,739 |
| 13 | Lubbock | $1,733 |
| 14 | Irving | $1,719 |
| 15 | Carrollton | $1,664 |
| 16 | Arlington | $1,658 |
| 17 | Fort Worth | $1,653 |
| 18 | Corpus Christi | $1,636 |
| 19 | Austin | $1,610 |
| 20 | Plano | $1,608 |
| 21 | Waco | $1,584 |
| 22 | El Paso | $1,584 |
| 23 | McKinney | $1,577 |
| 24 | Abilene | $1,515 |
| 25 | Killeen | $1,473 |
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Rates are estimated as the specific garaging location can revise price quotes greatly.
The information below demonstrates how choosing different deductibles can increase or decrease insurance premiums when trying to find cheap insurance for safe drivers. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
In the chart above, a 40-year-old driver could lower rates by $318 a year by changing from a $100 deductible up to a $500 deductible, or save $480 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could reduce their rates $1,060 or more just by choosing larger deductibles.
If you do make the decision to raise your deductibles, it is necessary to have enough savings to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Does it make sense to buy full coverage?
Reducing premiums for insurance is probably important to the majority of vehicle owners, and one of the best ways to pay less for insurance for safe drivers is to not buy full coverage. The illustration below illustrates the comparison of premium costs with full coverage compared to only the Texas minimum liability coverage. Data assumes no claims or driving violations, $100 deductibles, single marital status, and no discounts are taken into consideration.
If averaged out across all ages, full coverage costs an additional $2,922 per year more than buying just liability insurance. At some point, every insured wonders if buying full coverage is worth the money. There is no specific rule to delete comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $8,000 after paying your deductible. If it’s costing in excess of $800 annually for physical damage coverage, then you might want to consider buying only liability coverage.
How careless driving impacts Lubbock insurance rates
The easiest way to find the best insurance rates in Texas for good drivers is to drive cautiously and avoid at-fault accidents and violations. The illustration below highlights how traffic violations and at-fault accidents drive up auto insurance costs for different age categories. The price estimates are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
In the previous chart, the average cost of an auto insurance policy per year with no accidents or violations is $2,393. Get written up for two speeding tickets and the average cost hikes up to $3,165, an increase of $771 each year. Now include one accident along with the two speeding tickets and the 12-month cost of insurance for safe drivers jumps again to an average of $3,954. That’s an increase of $1,561, or $130 per month, just for not driving carefully!