Compare Toyota Yaris Insurance Rates in Lubbock

The best way we recommend to get affordable Toyota Yaris insurance is to do a yearly price comparison from insurance carriers who sell auto insurance in Lubbock. Rates can be compared by completing these steps.

1. Read and learn about individual coverages and the steps you can take to lower rates. Many factors that increase rates like tickets, at-fault accidents, and a lousy credit rating can be improved by paying attention to minor details.
2. Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like Progressive or State Farm, while independent agencies can provide rate quotes from multiple sources.
3. Compare the new rate quotes to the premium of your current policy to determine if you can save on Yaris insurance in Lubbock. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Notify your agent or company to cancel the current policy and submit payment and a completed application to the new company. As soon as you have the new policy, place your new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

A crucial key to this process is to try to use similar deductibles and liability limits on each quote and and to look at as many companies as possible. Doing this provides a fair price comparison and a complete price analysis.

Unthinkable but true, most Texas insurance customers have remained with the same insurance company for four years or more, and just under half have never even compared rates from other companies. American insurance shoppers could save themselves 47% a year, but they don’t understand how simple it is to shop their coverage around.

Reducing your Toyota Yaris insurance rates is an easy way to save money. The only thing you need to do is spend a few minutes on the computer to get quotes to find out which insurance company has low cost Lubbock auto insurance quotes.

Comparing free quotes online is easy and it, takes the place of having to drive around to insurance agencies in your area. Shopping for auto insurance online makes this process obsolete unless you require the professional guidance that you can only get from talking to an agent. It is possible with some companies price shop your coverage online but have a local agent actually write the policy.

The following companies offer quotes in Texas. To find the best cheap car insurance in Lubbock, we suggest you compare several of them in order to get a fair rate comparison.

Coverage information

The premium table below outlines detailed analysis of insurance rates for Toyota Yaris models. Learning how policy premiums are figured can be valuable when making decisions on which insurance to purchase.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium amounts do not factor in garaging location in Lubbock which can increase or decrease insurance rates considerably.

Deductible comparison

One common question asked by Lubbock drivers is how high should the physical damage coverage deductibles be. The comparison tables below show the rate difference when you buy lower versus higher policy deductibles. The first set of rates uses a $100 deductible and the second price grid uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in specific location which can impact prices substantially.

We can estimate from the data above that using a $100 deductible costs roughly $37 more each month or $444 for a full year than opting for the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you go more than 24 months between claim filings, you would come out ahead if you decide on a higher deductible.

Car insurance just makes sense

Even though Lubbock Yaris insurance rates can get expensive, paying for car insurance is required in Texas but also provides important benefits.

• The majority of states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability protection in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your vehicle, most lenders will force you to have full coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender will be forced to insure your Toyota at a significantly higher premium and require you to fork over the higher price.
• Insurance protects both your Toyota and your personal assets. It also can pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If you have damage to your Toyota as the result of the weather or an accident, your car insurance policy will pay to repair the damage minus the deductible amount.

The benefits of having car insurance more than cancel out the cost, particularly when you have a large claim. An average driver in America overpays as much as $825 a year so it’s important to compare rates at least once a year to ensure rates are competitive.

Lower Your Lubbock Insurance Premiums

Lots of factors are part of the equation when quoting car insurance. Some of the criteria are obvious like your driving record, although some other factors are more obscure like where you live or your vehicle rating. An important part of buying insurance is that you know the factors that go into determining your insurance rates. If you have a feel for what determines premiums, this enables informed choices that could result in much lower annual insurance costs.

The following are some of the items that factor into prices.

Driving citations can increase prices – Careful drivers get better rates compared to bad drivers. Having a single chargeable violation can boost insurance rates forty percent or more. People who have severe violations such as DUI, reckless driving or excessive speeding may need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.

The illustration below shows how traffic citations and at-fault claims increase Toyota Yaris annual premium costs for different insured age categories. The premiums are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

Certain vocations pay higher rates – Occupations like military generals, executives, and miners usually pay higher premiums than the average policyholder because of stressful work requirements and lengthy work days. On the flip side, jobs like professors, students and the unemployed get better rates.

City traffic equals higher costs – Having an address in smaller towns and rural areas of the country can be a good thing when it comes to insurance. Fewer drivers on the road corresponds to lower accident rates. People in densely populated areas regularly have more auto accidents and longer commute times. Higher commute times means more chance of being in an accident.

Drivers with responsible credit save – Your credit rating will be a significant factor in calculating your insurance rates. People that have good credit tend to be more responsible as compared to drivers with bad credit. So if your credit rating leaves room for improvement, you could save money insuring your Toyota Yaris by spending a little time repairing your credit.

Do you really need the incidental coverages? – Insurance policies have a lot of extra bells and whistles that can waste your money on your Yaris policy. Coverage for things like personal injury protection, death and dismemberment, and motor club memberships are some examples. These coverages may sound good at first, but now you might not need them so eliminate the coverages to reduce your premium.

Bundle and save – Most insurance companies will award a discount to buyers who carry more than one policy in the form of a multi-policy discount. Even with this discount applied, drivers will still want to shop around to help guarantee you have the best rates.

Are males or females drivers cheaper? – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Females and males have at-fault accidents in similar numbers, but guys cause more damage. Men also tend to get higher numbers of serious violations such as DWI and reckless driving. Youthful male drivers cause the most accidents and thus pay the highest rates.

The diagram below visualizes the comparison of Toyota Yaris insurance rates for male and female drivers. The data is based on a clean driving record, no claims, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no policy discounts are applied.

Too many policy claims and you’ll pay more – Companies in Texas provide better rates to drivers who do not rely on their insurance for small claims. If you tend to file frequent claims, you can expect either higher rates or even cancellation. Your insurance policy is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Loss statistics for a Toyota Yaris – Insurers analyze historical claim data to determine a rate that will be profitable for them. Vehicles that the data shows to have higher number or severity of losses will cost more for specific coverages.

The table below demonstrates the compiled insurance loss statistics for Toyota Yaris vehicles. For each coverage type, the statistical loss for all vehicles, as a total average, is considered to be 100. Numbers under 100 indicate better than average losses, while numbers that are greater than 100 indicate frequent claims or tendency to have higher losses.

Cheaper Lubbock insurance rates with discounts

Companies that sell car insurance don’t list every available discount very well, so the following is a list of some of the more common and the harder-to-find discounts you could be receiving when you buy Lubbock auto insurance online.

• Seat Belts Save – Buckling up and requiring all passengers to use a seat belt could cut 10% or more on the medical payments or PIP coverage costs.
• Pay Upfront and Save – By paying your policy upfront as opposed to paying monthly you may have a lower total premium amount.
• Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class if offered at their school.
• Driving Data Discount – Policyholders that allow companies to scrutinize vehicle usage by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive might see lower rates if they exhibit good driving behavior.
• Fewer Miles Equal More Savings – Low mileage vehicles can earn substantially lower rates.

Keep in mind that most discounts do not apply to the overall cost of the policy. Most only cut individual premiums such as collision or personal injury protection. So even though it sounds like you can get free auto insurance, it doesn’t quite work that way.

The illustration below compares Toyota Yaris auto insurance rates with and without policy discounts. The premiums are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, multi-policy, safe-driver, and claim-free discounts applied.

Companies and a summarized list of policyholder discounts are included below.

• State Farm has discounts for Drive Safe & Save, safe vehicle, multiple autos, good driver, and anti-theft.
• Farmers Insurance offers premium reductions for teen driver, distant student, pay in full, bundle discounts, switch companies, youthful driver, and good student.
• Progressive may include discounts for continuous coverage, homeowner, online quote discount, online signing, good student, and multi-policy.
• GEICO offers discounts for five-year accident-free, multi-vehicle, air bags, multi-policy, and defensive driver.
• Auto-Owners Insurance may offer discounts for good student, teen driver, mature driver, group or association, safe vehicle, and air bags.
• The Hartford offers discounts including air bag, anti-theft, bundle, driver training, and good student.
• Farm Bureau may have discounts that include good student, multi-vehicle, safe driver, multi-policy, renewal discount, driver training, and 55 and retired.
• USAA has savings for family discount, military installation, multi-policy, annual mileage, and multi-vehicle.

When comparing rates, check with every insurance company which discounts can lower your rates. Some discounts listed above may not apply to policyholders everywhere. To choose companies who offer online Toyota Yaris insurance quotes in Lubbock, click here.

Different people need different insurance coverages

When it comes to buying the best insurance coverage, there really is not a best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that might help in determining if you could use an agent’s help.

• How can I get high-risk coverage after a DUI?
• Can I rate high risk drivers on liability-only vehicles?
• Am I covered when driving someone else’s vehicle?
• Does my medical payments coverage pay my health insurance deductible?
• Is a blown tire covered by insurance?
• Does my policy cover me if I wreck while driving under the influence?
• If I use my vehicle for business use is it covered?
• What is the difference between comprehensive and collision coverage?
• Is other people’s property covered if stolen from my vehicle?
• How high should deductibles be on a Toyota Yaris?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and may give you better protection.

Get rate quotes but work with a local Lubbock insurance agency

Some consumers just want to get professional advice from a licensed agent and often times that is recommended Licensed agents are trained risk managers and help in the event of a claim. One of the best bonuses of comparing rates online is you may find lower rates and still choose a local agent.

After filling out this quick form, the quote information is submitted to companies in Lubbock who will gladly provide quotes for your coverage. You don’t have to search for an agent due to the fact that quote results will go directly to you. If you have a need to compare prices from a particular provider, you just need to visit that company’s website to submit a rate quote request.

Picking an company requires more thought than just the premium amount. These are some valid questions you should ask.

• What company holds the largest book of business for them?
• If they are an independent agency in Lubbock, which companies do they recommend?
• Do you have coverage for a rental car if your vehicle is in the repair shop?
• Are claims handled at the agent’s location?
• Will your rates increase after a single accident?

Best auto insurance agent in Lubbock

If you need to find a good insurance agency, you need to know there are two different types of agencies and how they function. Insurance agencies can be described as either exclusive or independent. Both types can provide insurance policies, but it’s important to point out how they are different since it could factor into the kind of agent you use.

Exclusive Insurance Agents

These type of agents can only provide pricing for a single company like AAA, Allstate, and State Farm. These agents are not able to place coverage with different providers so keep that in mind. They are well schooled in insurance sales which helps them sell on service rather than price.

Listed below are exclusive agents in Lubbock that are able to give price quotes.

More Lubbock agents

Independent Agents (or Brokers)

Agents that elect to be independent are not required to write business for one company so they can insure your vehicles with any number of different companies and find you cheaper rates. If they quote lower rates, they can switch companies in-house without you having to go to a different agency. If you are trying to find cheaper rates, we recommend you include price quotes from several independent agencies so that you have a good selection of quotes to compare.

Listed below are independent insurance agencies in Lubbock that are able to give price quotes.

More Lubbock agents

Best car insurance company in Texas

Picking the highest-rated auto insurance company is difficult considering how many different companies insure vehicles in Lubbock. The ranking information in the next section may help you pick which car insurance companies to look at when comparing rates.

Top 10 Lubbock Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 Lubbock Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Be persistent to save money

You just learned quite a bit of information on how to reduce Toyota Yaris insurance car insurance rates online in Lubbock. The key concept to understand is the more times you quote, the better chance you’ll have of finding affordable Lubbock auto insurance quotes. Consumers could even find that the best price on insurance is with a small mutual company.

Some insurance companies may not provide price quotes online and these smaller providers provide coverage only through independent agents. Low-cost Toyota Yaris insurance in Lubbock is definitely available from both online companies as well as from insurance agents, so compare prices from both to have the best chance of lowering rates.

As you prepare to switch companies, don’t be tempted to buy less coverage just to save a little money. There are too many instances where consumers will sacrifice collision coverage and discovered at claim time that the savings was not a smart move. The proper strategy is to purchase a proper amount of coverage at the best cost, but do not sacrifice coverage to save money.

More information is located on the following sites:

• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
• How Much is Lubbock Car Insurance for Lyft Drivers? (FAQ)
• Winter Driving (Insurance Information Institute)
• Car Insurance: When not to Skimp (BankRate.com)
• Tools for Teen Driving Safety (State Farm)
• Drunk Driving Statistics (Insurance Information Institute)