Best Ford Ranger Insurance in Lubbock

Want cheaper Ford Ranger insurance in Lubbock? Being forced to pay for expensive insurance premiums can draw down your funds and force you to prioritize other expenses. Shopping your coverage around is free and is an excellent way to make ends meet.

Astonishing but true, a large majority of insurance policyholders in Texas kept their coverage with the same insurance company for over three years, and nearly 40% of drivers have never even compared rates from other companies. Many consumers in the United States could cut their rates by up to 46.5% a year by just shopping around, but they don’t know how much money they would save if they moved their coverage to a different company. Due to the increasing number of choices of insurance companies that have lower-cost insurance for a Ford Ranger in Lubbock, it’s nearly impossible to find a lower cost insurance company.

Cheap companies for Ford Ranger insurance

The companies in the list below offer comparison quotes in Lubbock, TX. To locate cheap auto insurance in TX, we suggest you compare several of them in order to find the most affordable rates.

Rates and information analytics

The coverage information below showcases a range of policy rates for Ford Ranger models. Having a better understanding of how insurance quotes are formulated can aid in making decisions on which insurance to purchase.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Table data does not factor in zip code location which can modify auto insurance rates substantially.

Physical damage deductible comparison

One of the most common car insurance questions is at what level do you set your deductibles. The rates shown below may help to illustrate the differences in premium rates when you buy lower versus higher comp and collision deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second price grid uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium amounts do not factor in specific zip code location which can revise price quotes significantly.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $23 more each month or $276 for a full year than opting for the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at a minimum 17 months between claims, you would probably come out ahead if you choose the higher deductible.

Impact of speeding/accidents on Lubbock car insurance rates

The diagram below illustrates how violations and accidents increase Ford Ranger premium costs for each different age group. The information is based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Do you need full coverage?

The diagram below illustrates the comparison of Ford Ranger insurance premiums with and without physical damage coverage. The rates are based on no claims or driving citations, $500 deductibles, single status, and no discounts are applied.

Are you wasting money on full coverage?

There isn’t a written rule for dropping physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s assume your Ford Ranger book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying the physical damage deductible. If you are currently paying more than $600 a year to have full coverage, then it might be time to buy liability only.

There are some situations where only buying liability is not a good idea. If you still have a lienholder on your title, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

You Can Change Your Insurance Rates

Consumers need to have an understanding of some of the factors that play a part in calculating insurance rates. If you know what determines premiums, this allows you to make good choices that could help you find lower rates. Multiple criteria are used when quoting car insurance. Some are pretty understandable such as your driving record, but others are more transparent such as your credit history or how financially stable you are.

The factors shown below are some of the factors used by companies to determine your premiums.

Does insurance cost less for women? – Over time, data shows females are less aggressive when driving. The data does not necessarily mean that females are better at driving than males. Men and women are in auto accidents in similar numbers, but the male of the species tend to have more serious accidents. Not only are claims higher, but men get higher numbers of serious violations like driving under the influence (DUI).

The information below shows the difference between Ford Ranger car insurance rates for male and female drivers. The rates are based on no claims or driving citations, comprehensive and collision coverage, $100 deductibles, drivers are single, and no additional discounts are factored in.

Type of vehicle determines base premiums – The type of vehicle you need to insure makes a big difference in the rate you pay. The cheapest rates are usually found on lower cost passenger cars, but there are many factors that impact the final cost.

The chart below assumes a married female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Ford Ranger rates compared to other models of vehicles that have different performance rating factors.

Car plus home equals more savings – Some insurance companies will give discounts to people who buy several policies from them. It’s known as a multi-policy discount. Even with this discount applied, it’s in your best interest to compare other company rates to ensure the best deal.

Always keep your insurance in force – Driving any period of time without insurance can get you a ticket and you may have a hard time finding new coverage because you let your coverage have a gap. Not only will you pay more, getting caught without coverage might get you a steep fine or even jail time. You may then have to submit proof of financial responsibility or a SR-22 with the Texas motor vehicle department to get your license reinstated.

Car insurance liability insurance limits – A critical coverage on your policy, liability insurance will afford coverage when you are ruled to be at fault for physical damage or personal injury to other. It will provide legal defense coverage up to the limits shown on your policy. It is affordable coverage when compared with rates for comp and collision, so do not skimp.

Low stress occupation equals lower rates – Did you know your occupation can influence how much you pay for insurance? Occupations such as real estate brokers, air traffic controllers, and financial analysts generally pay higher average rates attributed to intense work-related stress and lots of time spent away from family. On the other hand, occupations like actors, athletes and the unemployed pay the least.

Save money by eliminating extra policy coverages – There are a ton of additional extra coverages that you can buy but may not be useful. Things like personal injury protection, towing coverage, and Farm Bureau memberships may be costing you every month. These coverages may sound good when discussing your needs, but if you don’t need them eliminate the coverages to reduce your premium.

Less chance of injury means lower premiums – Cars with high safety ratings get lower rates. Vehicles built for safety help reduce the chance of injuries in an accident and fewer injuries means less claims paid which can mean better rates for you. If your Ford Ranger scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.

These discounts can lower your insurance rates

Insurance is easily one of your largest bills, but there are discounts available to cut the cost considerably. Some discounts will apply when you purchase, but some must be requested specifically prior to receiving the credit.

• Discounts for New Vehicles – Buying a new car instead of a used Ranger can be considerably cheaper due to better safety requirements for new model year vehicles.
• Good Grades Discount – Excelling in school can save 20 to 25%. This discount can apply up until you turn 25.
• ABS and Traction Control Discounts – Vehicles equipped with ABS or steering control are safer to drive so companies give up to a 10% discount.
• Student Driver Training – Teen drivers should enroll in driver’s education as it can save substantially.
• Defensive Driver Discounts – Participating in a defensive driving class could possibly earn you a 5% discount if your company offers it.
• Telematics Discount – Policyholders that allow their company to monitor driving patterns by using a telematics device in their vehicle like In-Drive from State Farm and Progressive’s Snapshot might see lower rates if they exhibit good driving behavior.
• Discounts for Cautious Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
• Paper-free Discount – A few larger online companies may give you up to $50 simply for signing on the internet.

Just know that many deductions do not apply to all coverage premiums. Most cut individual premiums such as liability, collision or medical payments. Despite the appearance that you would end up receiving a 100% discount, nobody gets a free ride. But all discounts should help lower the amount you pay for coverage.

The illustration below illustrates the comparison of Ford Ranger insurance premiums with and without some available policy discounts. The prices are based on a female driver, no driving violations, no at-fault accidents, 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 second shows the rates with homeowner, safe-driver, multi-car, multi-policy, claim-free, and marriage discounts applied.

A few of the larger companies and a summarized list of policyholder discounts are detailed below.

• State Farm may offer discounts for good student, Steer Clear safe driver discount, multiple policy, good driver, student away at school, passive restraint, and Drive Safe & Save.
• American Family offers discounts for air bags, defensive driver, multi-vehicle, TimeAway discount, early bird, accident-free, and good student.
• GEICO policyholders can earn discounts including daytime running lights, federal employee, multi-vehicle, air bags, driver training, and military active duty.
• 21st Century offers discounts including homeowners, theft prevention, air bags, anti-lock brakes, and driver training.
• Progressive has savings for online signing, online quote discount, continuous coverage, multi-vehicle, multi-policy, good student, and homeowner.

If you need inexpensive Lubbock car insurance quotes, ask each company which credits you are entitled to. Some discounts listed above may not apply to policyholders in your area. To view insurers offering insurance discounts in Lubbock, click here to view.

Do I need an insurance agent?

Some people just prefer to get advice from a local agent and that is OK! Licensed agents will help you protect your assets and help in the event of a claim. A good thing about comparing auto insurance online is that you can find the lowest rates but also keep your business local. Putting coverage with neighborhood agents is still important in Lubbock.

After completing this quick form, your insurance coverage information is sent to participating agents in Lubbock that give free quotes for your business. There is no reason to leave your house because quoted prices will be sent to you. If you wish to get a price quote from a specific auto insurance provider, you would need to visit that company’s website to submit a rate quote request.

When searching for a reputable insurance agent or broker, there are two different types of agencies and how they differ in how they quote coverages. Insurance agencies in Lubbock can either be independent agents or exclusive agents depending on their employer. Either can handle auto insurance, but it’s important to point out why they differ since it can impact the selection process.

Independent Auto Insurance Agencies or Brokers

Agents in the independent channel do not write with just one company and that is an advantage because they can write policies through lots of different companies and help determine which has the cheapest rates. If prices rise, your policy is moved internally and you stay with the same agent.

If you need lower rates, we recommend you get rate quotes from at a minimum one independent agency to get the most accurate price comparison.

Below is a list of independent agents in Lubbock who may provide price quote information.

More Lubbock agents

Exclusive Agencies

Agents that elect to be exclusive can only write with one company and some examples include Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents are unable to give you multiple price quotes so they really need to provide good service. Exclusive agents are trained well on their company’s products which helps them sell insurance even at higher premiums.

The following is a list of exclusive insurance agencies in Lubbock that are able to give price quotes.

More Lubbock agents

Finding a good insurance agent shouldn’t rely on just the premium amount. Agents should be asked these questions:

• Does the agency have a positive business rating?
• Has the agent ever had any license suspensions?
• Is the coverage adequate for your vehicle?
• How much experience to they have in personal lines coverages?
• How much can you save by raising your physical damage deductibles?
• Do they make recommendations based only on price?
• Will they take your side in the event of a claim?

After talking to the agent and getting positive responses to your questions in addition to an acceptable price estimate, you may have found an insurance agency that is reliable enough to properly service your auto insurance policy. Just understand that you are able to cancel a policy when you choose so don’t feel that you are obligated to a policy indefinitely.

How to know if you need help

When quoting and choosing insurance from an agent or online for your personal vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

For instance, these questions might help in determining whether or not you would benefit from an agent’s advice.

• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Am I covered when using my vehicle for business?
• Do I have coverage when pulling a U-Haul trailer?
• Is my custom paint covered by insurance?
• What if an uninsured driver hits me?
• How much cheaper are high deductibles?
• I have health insurance so do I need medical payments coverage?
• Are there any extra discounts I can get?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and can help protect your family.

How much can you save?

Insureds leave their current company for many reasons like extreme rates for teen drivers, policy non-renewal, denial of a claim or even delays in responding to claim requests. No matter why you want to switch, switching companies is less work than it seems.

Some insurance providers do not provide online price quotes and many times these smaller companies only sell coverage through independent agents. More affordable insurance in Lubbock is attainable from both online companies in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis.

In this article, we covered a lot of ways to shop for Ford Ranger insurance online. It’s most important to understand that the more providers you compare, the better likelihood of getting cheaper Lubbock car insurance quotes. You may even find the lowest prices are with a small mutual company.

How to buy lower priced Ford Ranger insurance in Lubbock

It takes a little time, but the best way to find more affordable Ford Ranger insurance is to start doing a yearly price comparison from providers that sell auto insurance in Lubbock.

1. Gain an understanding of how car insurance works and the measures you can take to prevent high rates. Many rating criteria that result in higher rates like multiple speeding tickets and a low credit score can be rectified by making minor changes in your lifestyle.
2. Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from a single company like GEICO or State Farm, while independent agencies can quote rates from multiple sources.
3. Compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.
4. Provide proper notification to your current company of your intent to cancel the current policy. Submit a down payment along with a completed application to your new insurance company. Immediately place the new proof of insurance paperwork in your vehicle.

The most important part of shopping around is to make sure you enter the same deductibles and limits on every quote and and to get rate quotes from every insurance company. Doing this enables an accurate price comparison and a complete rate analysis.

For more information, feel free to browse these articles:

• Help Your Teen Be a Better Driver (State Farm)
• Who Has the Cheapest Car Insurance for Ride Shares in Lubbock? (FAQ)
• Who Has Cheap Auto Insurance for a Honda Accord in Lubbock? (FAQ)
• Who Has Affordable Lubbock Auto Insurance Quotes After a Speeding Ticket? (FAQ)
• What to do at the Scene of an Accident (Insurance Information Institute)
• Tools for Teen Driving Safety (State Farm)
• Car Insurance FAQ (Trusted Choice)
• Teen Driver Statistics (Insurance Information Institute)