For new drivers, one of the more important things that are used to help calculate the amount you pay each year for auto insurance is where you keep your car. Areas with increased crime or more people tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.
The following table ranks the most expensive areas in Texas for 16 year olds to buy car insurance in. Lubbock ranks #14 with the annual price of $1,733 for the average policy, which is around $144 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Houston | $1,909 |
| 3 | Amarillo | $1,858 |
| 4 | Brownsville | $1,851 |
| 5 | Dallas | $1,837 |
| 6 | Laredo | $1,833 |
| 7 | Mesquite | $1,825 |
| 8 | Grand Prairie | $1,811 |
| 9 | Garland | $1,796 |
| 10 | Pasadena | $1,794 |
| 11 | Irving | $1,772 |
| 12 | Beaumont | $1,754 |
| 13 | San Antonio | $1,739 |
| 14 | Lubbock | $1,733 |
| 15 | Arlington | $1,658 |
| 16 | Corpus Christi | $1,636 |
| 17 | Austin | $1,627 |
| 18 | McKinney | $1,625 |
| 19 | El Paso | $1,616 |
| 20 | Carrollton | $1,615 |
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Table data uses approximated as the specific Lubbock residence address can affect coverage rates considerably.
The vehicle model needing coverage is probably the largest consideration when comparing quotes for the best car insurance for 16 year olds. Vehicles with higher performance characteristics, a lack of advanced safety features, or high incidents of liability claims will cost substantially more to insure than safer, lower-performance models.
The next list illustrates auto insurance rates for the cheapest automobiles to insure in Texas.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $4,458 |
| Honda Accord LX 4-Dr Sedan | $4,468 |
| Honda CR-V EX-L 2WD | $4,501 |
| Ford Escape Limited 2WD | $4,508 |
| Toyota Prius | $4,815 |
| Chevrolet Silverado LS Regular Cab 4WD | $4,969 |
| Ford F-150 STX Regular Cab 4WD | $5,012 |
| Dodge Grand Caravan CV | $5,017 |
| Ford Explorer XLT 2WD | $5,012 |
| Chevrolet Impala LS | $5,240 |
| Honda Odyssey EX W/Rear Entertainment | $5,250 |
| Toyota Camry LE | $5,283 |
| Chevrolet Equinox LT 2WD | $5,291 |
| Toyota Tacoma Double Cab 4WD | $5,283 |
| Toyota RAV4 4WD | $5,289 |
| Ford Focus SEL 4-Dr Sedan | $5,514 |
| Nissan Altima 2.5 S 4-Dr Sedan | $5,557 |
| Toyota Corolla LE | $5,565 |
| Ford Edge Sport AWD | $5,557 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $5,595 |
| Honda Civic Hybrid 4-Dr Sedan | $5,600 |
| Jeep Grand Cherokee SRT-8 4WD | $5,609 |
| Chevrolet Malibu LTZ | $5,600 |
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Table data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in specific garaging location which can influence coverage rates considerably.
By looking at the data, vehicles like the Hyundai Elantra, Honda Accord, Honda CR-V, and Ford Escape will be the more affordable vehicles to insure for new drivers. The price for an auto insurance policy will tend to be more expensive because there is more claim exposure for 16 year olds, but generally speaking those specific models will tend to have the cheapest car insurance rates compared to other types of vehicles.
Finding out which company quotes the best auto insurance rates for 16 year olds will require more time in order to find the lowest price.
Every insurance provider uses their own calculation to set policy rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in Lubbock, TX.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,495 |
| 8 | Mercury | $1,506 |
| 9 | Safe Auto | $1,565 |
| 10 | Nationwide | $1,600 |
| 11 | Allstate | $1,701 |
| 12 | Progressive | $1,715 |
| 13 | Amica | $1,757 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,156 |
| 16 | Unitrin | $2,241 |
| 17 | MetLife | $2,249 |
| 18 | Encompass | $2,255 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,568 |
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Travelers has some of the lowest car insurance rates in Lubbock at around $1,021 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheapest Lubbock, TX auto insurance companies.
As depicted above, if you buy coverage from USAA and switched to Travelers, you could realize a yearly price reduction of roughly $107. Policyholders with Texas Farm Bureau might save as much as $214 a year, and Germania Mutual policyholders might reduce rates by $273 a year.
To find cheaper insurance rates for your vehicle, click here to start a quote or quote rates from the companies below.
Understand that those premium estimates are averaged across all drivers and vehicles in Texas and and are not calculated with an exact vehicle garaging location for 16 year olds. So the company that has the lowest price for you may not even be in the top 23 companies in the list above. That helps illustrate why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.
Types of discounts on Lubbock auto insurance rates
Insurance companies that offer coverage for 16 year olds may also provide policy discounts that may potentially lower prices by as much as 35% or more if you are eligible to receive them. A few popular companies and some of their more popular discounts can be read below.
- State Farm has savings for anti-theft, student away at school, passive restraint, safe vehicle, and multiple policy.
- Farmers Insurance has discounts for early shopping, youthful driver, distant student, teen driver, homeowner, mature driver, and business and professional.
- GEICO offers premium reductions for anti-theft, federal employee, seat belt use, emergency military deployment, defensive driver, and military active duty.
- American Family policyholders can earn discounts including TimeAway discount, Steer into Savings, good driver, air bags, and defensive driver.
- Nationwide discounts include Farm Bureau membership, anti-theft, business or organization, defensive driving, and multi-policy.
- Progressive includes discounts for continuous coverage, multi-vehicle, online quote discount, homeowner, and online signing.
The diagram below shows the difference between car insurance rates with and without policy discounts. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with continuous coverage, anti-theft, paid-in-full, vehicle safety, good student, and passive restraint discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on auto insurance for 16 year olds is 28% or $675.
Drive safe and save
A great way to earn cheap auto insurance prices in Texas for new drivers is to pay attention while driving and avoid accidents and traffic citations. The chart below illustrates how speeding tickets and at-fault fender-benders can influence insurance costs for different insured age categories. The premiums are based on a single male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
In the chart above, the average cost of an auto insurance policy in Lubbock per year with no accidents and a clean driving record is $1,963. Factor in one speeding ticket and the average cost increases to $2,213, an increase of $249 each year. Then throw in one accident along with the one speeding ticket and the annual cost of auto insurance for 16 year olds increases to an average of $2,910. That’s an increase of $947, or $79 per month, just for not driving safely!
The chart below shows how choosing a deductible can affect insurance costs when getting quotes for cheap insurance for 16 year olds. The price estimates are based on a married female driver, full coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could lower their policy premium by $352 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $528 by switching to a $1,000 deductible. Younger drivers, like the Age 20 category, can save as much as $870 each year by choosing larger deductibles on their policy. When choosing a higher deductible, it’s a good idea to have plenty of savings on hand to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Don’t make the mistake of not shopping around
Lubbock, TX auto insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Simply getting older, having a teenage driver, or getting a driving violation can cause premium changes that can make some companies more affordable than the competition. Not only may your situation change, but auto insurance companies file new Texas car insurance rates multiple times each year to adjust for unexpected claims or profits. A period of increased losses may result in increased policy costs, while lower claims may produce lower-cost Lubbock car insurance rates.
For instance, the data below demonstrates which company has the cheapest car insurance in Lubbock, TX for a 35-year-old female driver with no violations or accidents, and a high credit rating. If we compare prices based on her current situation, Travelers quotes the lowest car insurance rates in Lubbock at $1,142 each year. This is $762 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest Lubbock, TX auto insurance companies.
Now let’s give the driver in the first chart a couple of claims, poor credit, and a speeding ticket. Since each auto insurance company has a different formula to set policy rates, comparing quotes could now result in a new list of the cheapest Lubbock car insurance companies as shown below.
State Farm now has the best car insurance rate in Lubbock, TX with Mercury, Nationwide, Safe Auto, and USAA now rounding out the top five. This illustrates why it is critical to spend some time comparing rates when trying to find the best insurance rates for 16 year olds.
Insurance prices are determined by many different factors and can increase or decrease at any time, so the cheapest option two years ago may now cost much more than other companies.