This article would sure be shorter if we could tell you the one best company that is cheapest in Texas. It’s not quite that easy, unfortunately, as there are a whole bunch of unknown elements such as if you own a home, whether or not your vehicle has good safety ratings, and if you have a tendency to get into accidents, that all impact the cost of your policy. This article should teach you a little about the best ways to save money and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.
One of the many factors that are looked at to help calculate the annual cost of car insurance is where you keep your vehicle. Larger areas will most likely have higher rates, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.
The information below shows the highest-priced places in Texas for drivers with good credit in which to buy car insurance. Lubbock makes the list at #16 with the annual price of $1,665 for the average policyholder, which is around $139 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Brownsville | $1,927 |
| 3 | Laredo | $1,907 |
| 4 | Dallas | $1,893 |
| 5 | Amarillo | $1,840 |
| 6 | Houston | $1,835 |
| 7 | Mesquite | $1,807 |
| 8 | Pasadena | $1,794 |
| 9 | Garland | $1,778 |
| 10 | Beaumont | $1,772 |
| 11 | Grand Prairie | $1,757 |
| 12 | San Antonio | $1,739 |
| 13 | Irving | $1,736 |
| 14 | Arlington | $1,692 |
| 15 | Fort Worth | $1,670 |
| 16 | Lubbock | $1,665 |
| 17 | Austin | $1,659 |
| 18 | Corpus Christi | $1,620 |
| 19 | El Paso | $1,616 |
| 20 | Plano | $1,608 |
| 21 | Carrollton | $1,598 |
| 22 | McKinney | $1,561 |
| 23 | Killeen | $1,533 |
| 24 | Waco | $1,522 |
| 25 | Abilene | $1,499 |
| Compare Prices Now Go | ||
Rates are approximated as vehicle location can impact price quotes considerably.
Trying to find low-priced auto insurance is not always easy, and figuring out which companies have the most affordable insurance rates for drivers with good credit may require additional perseverance.
Every insurance company has a different formula for establishing rates, so let’s rank the most affordable insurance companies in Lubbock, TX. It’s a good idea to be aware that Texas insurance rates are determined by lots of factors which can significantly increase or decrease the cost of a policy. This price variability is why consumers need to take the time to compare as many rates as possible to find the cheapest auto insurance quotes for drivers with good credit. Auto insurance prices can be determined by many things and can increase or decrease at any time, so the best option a year ago may now be an over-priced policy.
Best Cheap Insurance Rates for High Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,247 |
| 4 | Germania Mutual | $1,256 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,382 |
| 7 | Mercury | $1,461 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,549 |
| 11 | Progressive | $1,698 |
| 12 | Amica | $1,705 |
| 13 | Allstate | $1,718 |
| 14 | Home State | $2,155 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,310 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,594 |
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Travelers offers some of the best car insurance rates in Lubbock at around $1,010 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the most economical Lubbock, TX car insurance companies.
As shown in the table above, if you are insured with Esurance and switched to USAA, you might see an annual premium reduction of upwards of $281. Drivers with California Casualty might save as much as $298 a year, and Mercury customers might realize rate reductions of up to $377 a year.
Be aware that those estimates are averages for all insureds and vehicles and are not factoring in a specific location for drivers with good credit. So the auto insurance company that is most affordable for your situation may not even be in the top 23 companies in the list above. That points out the importance of why you need to quote rates from many companies using your own specific driver and vehicle information.
The car, truck, or SUV you are trying to insure is probably the largest consideration when comparison shopping for the most affordable insurance for drivers with good credit. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The table below outlines coverage prices for some of the most budget-friendly vehicles to insure in Texas.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $968 |
| Jeep Wrangler Sport 4WD 2-Dr | $981 |
| Ford Escape XLS 4WD | $1,038 |
| Honda Accord EX 4-Dr Sedan | $1,069 |
| Ford Focus SE 4-Dr Sedan | $1,102 |
| Toyota RAV4 Limited 4WD | $1,121 |
| Chevrolet Silverado LS Regular Cab 2WD | $1,126 |
| Chevrolet Impala LT | $1,121 |
| Hyundai Elantra SE Touring Station Wagon | $1,130 |
| Honda Odyssey LX | $1,137 |
| Toyota Prius | $1,154 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,156 |
| Ford Explorer XLT 4WD | $1,161 |
| Honda Civic LX-S 4-Dr Sedan | $1,169 |
| Ford Edge Limited AWD | $1,181 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $1,203 |
| Dodge Grand Caravan SE | $1,205 |
| Toyota Tacoma 2WD | $1,214 |
| Ford F-150 Lariat Crew Cab Platinum 4WD | $1,224 |
| Dodge Ram Quad Cab SLT 4WD | $1,233 |
| Find Cheaper Rates Go | |
Table 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 safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can affect rates substantially.
Based upon the rates shown, we can conclude that cars like the Honda CR-V, Jeep Wrangler, and Ford Escape are the less-costly vehicles to insure for financially responsible drivers.
Price comparison of only insuring for liability
Saving money when shopping for insurance is probably important to the majority of people, and one of the fastest ways to reduce the cost of insurance for drivers with good credit is to only buy liability coverage. The information below shows the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The price estimates are based on a clean driving record, no claims, $500 deductibles, marital status is single, and no policy discounts are applied.
If we average the cost for all age groups, comprehensive and collision coverage on your policy costs $2,393 per year more than buying just liability insurance. Lot’s of drivers question if buying full coverage is a waste of money. There is no set guideline to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s say your vehicle’s replacement value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $9,500 after you pay the deductible. If premium cost is more than $950 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
The example below demonstrates how choosing different deductibles can change insurance costs when quoting cheap insurance for drivers with good credit. The premiums are based on a married female driver, full coverage, and no discounts are factored in.
A 40-year-old driver could lower their car insurance rates by $260 a year by changing from a $100 deductible up to a $500 deductible, or save $394 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could drop their prices up to $646 or more just by choosing higher deductibles. When insureds make the decision to increase the deductibles on their policy, it will be required to have additional funds squirreled away to offset the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Selecting the best car insurance provider is difficult considering how many companies there are to choose from in Lubbock. The company information in the lists below can help you decide which providers you want to consider when trying to find cheaper insurance for drivers with good credit.
These ratings include the companies with a significant amount of written premium nationwide, so companies with more of a regional focus will not be included in this list. To view rates from these top-rated insurers and more, simply click here.
Top 10 Large Auto Insurance Companies in Lubbock Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Are you paying too much for car insurance in Lubbock?
Texas insurance rates are impacted by many factors which can significantly increase or decrease the price you pay for coverage. Simply improving your credit, buying a home, or getting a ticket for careless driving can produce rate changes that can cause some rates to be much cheaper than others.
Not only may your risk profile change, but insurance companies change premium rates without warning in order to protect their financial rating. A period of higher than normal claims can cause more expensive prices, while a better claims history can produce cheaper Lubbock car insurance rates.
For example, the graph below shows rates for the cheapest car insurance in Lubbock, TX for a 35-year-old male driver with a clear driving record, no claims, and a good credit rating. When comparing rates based on his current risk factors, Travelers may offer the most affordable car insurance rates in Lubbock at $1,143 per year. This is $761 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the cheapest Lubbock, TX auto insurance companies.
In this example, we will give the driver from the first rate comparison a chargeable claim, a lower credit score, and a couple of points charged on his driving record. Due to the fact that every auto insurer has a different process for determining rates in each state, getting updated rate quotes may now show a different ranking of affordable Lubbock car insurance companies as shown below.
Mercury now has the best insurance rate in Lubbock with State Farm, Safe Auto, Nationwide, and USAA completing the list. This shows why it is crucial to perform an extensive rate comparison to find the most economical insurance rates for drivers with good credit.
Car insurance prices are impacted by many factors and change frequently, so the most economical company six months ago may now be an over-priced policy.