The words “bargain” and “insurance” probably shouldn’t be used together, especially when looking for the best price on coverage for veterans. To save some money, let’s teach you a few of the factors that help determine insurance rates, and find out if we can help you take a little off the next policy you buy.
The type of vehicle you are seeking coverage for is a large consideration that determines whether or not you can buy economical coverage for veterans. Vehicles with lots of horsepower, a lack of safety features, or a history of substantial liability claims will cost much more to insure than more modest models. The next list showcases auto insurance premiums for a number of the most economical vehicles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $969 |
| Honda CR-V EX-L 4WD | $979 |
| Honda Accord EX-L 4-Dr Sedan | $1,031 |
| Toyota Prius | $1,053 |
| Dodge Grand Caravan SE | $1,064 |
| Honda Civic DX 4-Dr Sedan | $1,106 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,125 |
| Toyota RAV4 2WD | $1,130 |
| Chevrolet Equinox LTZ AWD | $1,209 |
| Dodge Ram Crew Cab ST 2WD | $1,229 |
| Toyota Tacoma Double Cab 4WD | $1,233 |
| Chevrolet Impala LS | $1,240 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $1,253 |
| Chevrolet Malibu LT | $1,257 |
| Ford F-150 Lariat Super Cab 4WD | $1,264 |
| Ford Explorer Limited 4WD | $1,257 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,262 |
| Get a Custom Quote Go | |
Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Price information does not factor in specific location which can influence premium rates significantly.
Looking at the data, you can see that models like the Ford Escape, Honda CR-V, and Honda Accord are likely to be a few of the cheaper vehicles to insure for veterans.
Trying to find cheap insurance is confusing at best, and deciding which companies quote the cheapest insurance rates for veterans will take even more work. Each insurance company has their own unique process to establish rates, so to begin we’ll rank the overall cheapest insurance companies in Texas.
Find the Best Cheap Insurance for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,424 |
| 7 | Mercury | $1,476 |
| 8 | State Farm | $1,510 |
| 9 | Safe Auto | $1,565 |
| 10 | Nationwide | $1,600 |
| 11 | Progressive | $1,698 |
| 12 | Amica | $1,705 |
| 13 | Allstate | $1,718 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,249 |
| 17 | Unitrin | $2,310 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,672 |
| Quote Your Rates Go | ||
Travelers may offer some of the cheapest car insurance rates in Lubbock at around $1,021 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the lowest-priced Lubbock, TX insurance companies.
As the example above demonstrates, if you currently buy coverage from Germania Mutual and switched to Travelers, you could see an annual premium reduction of in the vicinity of $261. Customers with Esurance might save as much as $386 a year, and California Casualty customers might realize rate reductions of up to $403 a year.
It’s important to note that these premiums are averaged for all insureds and vehicles and are not factoring in an exact zip code location for veterans. So the insurer that has the lowest price for you may not even be in the list above. That illustrates why you need to get rate quotes using your own driver data and vehicle information.
One of the more important criteria that determine car insurance rates is where your residence is in Lubbock. Areas with increased crime or more people likely pay more, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.
The information below ranks the highest-priced areas in Texas for veterans to purchase a policy in. Lubbock is listed at #14 with the annual price of $1,682 for car insurance, which is about $140 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Brownsville | $1,927 |
| 3 | Houston | $1,909 |
| 4 | Laredo | $1,907 |
| 5 | Dallas | $1,893 |
| 6 | Amarillo | $1,858 |
| 7 | Mesquite | $1,825 |
| 8 | Garland | $1,796 |
| 9 | Irving | $1,772 |
| 10 | Grand Prairie | $1,757 |
| 11 | Pasadena | $1,740 |
| 12 | San Antonio | $1,739 |
| 13 | Beaumont | $1,702 |
| 14 | Lubbock | $1,682 |
| 15 | Austin | $1,659 |
| 16 | Arlington | $1,658 |
| 17 | McKinney | $1,625 |
| 18 | Plano | $1,608 |
| 19 | Fort Worth | $1,604 |
| 20 | Carrollton | $1,598 |
| 21 | Corpus Christi | $1,572 |
| 22 | El Paso | $1,568 |
| 23 | Abilene | $1,561 |
| 24 | Waco | $1,522 |
| 25 | Killeen | $1,518 |
| Get a Custom Quote Go | ||
Price information shown is estimated as specific Lubbock garaging address can raise or lower coverage prices considerably.
Poor driving habits will raise your insurance rates
The recommended way to receive the cheapest insurance prices in Texas for veterans is to be an attentive driver and avoid accidents and traffic citations. The illustration below demonstrates how speeding tickets and at-fault collisions can influence auto insurance costs for different ages of insureds. The costs are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
The data above shows the average cost of auto insurance per year with no accidents and a clean driving record is $2,070. Add in one speeding ticket and the average cost rises to $2,381, an increase of $310 each year. Now get two accidents along with the one speeding ticket and the annual cost of insurance for veterans jumps again to an average of $5,160. That’s an increase of $3,090, or $258 per month, just for not driving responsibly!
How to get discounts on Lubbock auto insurance rates
Insurance companies that offer coverage for veterans may additionally offer policy discounts that could reduce prices by 25% or more if you are eligible. A list of companies and a summarized list of policyholder discounts are detailed below.
- GEICO offers discounts including driver training, multi-policy, emergency military deployment, anti-lock brakes, federal employee, multi-vehicle, and five-year accident-free.
- USAA has savings for vehicle storage, good student, annual mileage, military installation, family discount, and loyalty savings.
- Progressive includes discounts for homeowner, multi-vehicle, good student, online quote discount, continuous coverage, online signing, and multi-policy.
- American Family may have discounts that include Steer into Savings, bundled insurance, TimeAway discount, good student, early bird, mySafetyValet, and good driver.
- Esurance offers premium reductions for emergency road assistance, online quote, online shopper, anti-theft, and paid-in-full.
- Farmers Insurance policyholders can earn discounts including distant student, youthful driver, good student, alternative fuel, multi-car, and mature driver.
- State Farm may offer discounts for Steer Clear safe driver discount, multiple autos, Drive Safe & Save, multiple policy, defensive driving training, driver’s education, and passive restraint.
The information below compares insurance premiums with and without discounts applied to the premium. Data assumes a female driver, no claims or violations, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple policy, passive restraint, safe-driver, claim-free, anti-theft, and vehicle safety discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on insurance for veterans is 28% or $425.
Your cheap policy may actually be overpriced
Lubbock insurance rates are determined by lots of factors that control the cost of your policy. Simply turning a year older, getting divorced, or getting a DUI can trigger changes in premium that can now make some companies cheaper in comparison to the competition.
Not only may your situation change, but car insurance companies change rates every year to ensure their profitability. Higher than normal claim frequency or severity can result in more expensive premiums, while better underwriting can produce cheaper Lubbock car insurance rates.
For instance, the chart below shows which companies have the cheapest car insurance in Lubbock, TX for a 40-year-old female driver with a good driving record, no prior claims, and solid credit. When comparing rates based on her personal profile, Travelers has the lowest car insurance rates in Lubbock at $1,144 each year. This is $760 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining best Lubbock, TX auto insurance companies.
Now we will pretend the driver from the first example an at-fault accident, a little lower credit rating, and a few traffic violations. Due to the fact that every auto insurer has a unique approach to determine rates, analyzing rates may now present a completely different list of affordable Lubbock car insurance companies as shown below.
State Farm now has the best insurance rate in Lubbock, TX with Mercury, USAA, Nationwide, and Safe Auto also being competitive. This example demonstrates why it is important to perform an extensive rate comparison to get affordable car insurance rates for veterans. Car insurance prices are made up of many factors and change frequently, so the most economical company the last time you compared rates may now be an over-priced policy.
Ideas to find the cheapest insurance for veterans
The list below summarizes many thrifty suggestions that can help drivers get more affordable auto insurance.
- Do not get into accidents that are your fault
- Choose a safer vehicle and pay lower rates
- Insure your home and auto with the same company
- Discounts for being claim-free can be substantial
- Maintain a clean driving record
- Look for cheaper rates once a year by shopping around
The final tip is remarkably critical, as we hit on in this article. Insurance rates can be changed at any time, so drivers shouldn’t be resistant to change insurance companies if you can find a cheaper rate.
Being loyal to a particular company is commendable, but it’s not a good idea if that faithfulness ends up costing you money that could be spent on other things. It only take a few minutes to compare rates and find cheaper insurance for veterans in Lubbock.