Unthinkable but true, most car insurance policyholders kept their coverage with the same car insurance company for more than four years, and 38% of customers have never even compared rates from other companies. Many consumers in Texas could save themselves about $1,800 a year just by comparing rates, but most tend to underestimate the amount of savings they would get if they swap their current policy for a cheaper one.
To save the most money, the best way to find better pricing on Infiniti M35 insurance in Lubbock is to compare quotes once a year from companies that sell auto insurance in Texas. Rates can be compared by following these guidelines.
Step 1: Spend a few minutes and learn about the different coverages in a policy and the things you can change to lower rates. Many rating criteria that cause rate increases such as your driving record and a bad credit rating can be improved by making minor changes in your lifestyle. Later in this article we will cover more information to help prevent expensive coverage and find possible discounts that are available.
Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while agents who are independent can provide rate quotes for a wide range of companies.
Step 3: Compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you find a lower rate and make a switch, make sure there is no coverage gap between policies.
The critical component of shopping around is that you’ll want to make sure you compare identical coverage information on each quote request and and to get price quotes from as many companies as possible. This ensures the most accurate price comparison and a thorough selection of prices.
Finding the cheapest car insurance coverage in Lubbock can be easy if you know a few tricks. If you are paying for car insurance now, you will be able to reduce premiums using the techniques covered below. Nevertheless, Texas car owners do need to learn how big insurance companies calculate your policy premium because rates fluctuate considerably.
Infiniti M35 insurance discounts in Lubbock
Buying auto insurance is not cheap, but you can get discounts that many people don’t even know exist. Some of these discounts will be visible at the time of purchase, but some may not be applied and must be requested specifically in order for you to get them. If they aren’t giving you every credit you deserve, you are not getting the best rate possible.
- Military Discounts – Having an actively deployed family member can result in better auto insurance rates.
- Auto/Life Discount – Companies who offer life insurance give better prices if you take out auto and life insurance together.
- Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates than drivers with accident claims.
- Discount for Good Grades – Excelling in school may save as much as 25% on a Lubbock auto insurance quote. Earning this discount can benefit you until age 25.
- Accident Forgiveness – Not really a discount, but certain companies will let one accident slide before hitting you with a surcharge as long as you don’t have any claims for a specific time period.
- Professional Organizations – Joining a qualifying organization could qualify you for a break on your bill.
- Renewal Discounts – A few auto insurance companies give discounts for switching companies before your current M35 insurance policy expires. You may see this discount when you get Lubbock auto insurance quotes online.
- Save with More Vehicles Insured – Buying coverage for several vehicles on the same auto insurance policy can get a discount for every vehicle.
- Low Mileage Discounts – Driving less can earn cheaper premium rates.
Keep in mind that most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as collision or personal injury protection. So when the math indicates you would end up receiving a 100% discount, you aren’t that lucky.
The diagram below illustrates the comparison of Infiniti M35 insurance premiums with and without discounts. The information is based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, claim-free, multi-car, and marriage discounts applied.
The best auto insurance companies and some of their more popular discounts are included below.
- State Farm discounts include multiple policy, passive restraint, driver’s education, defensive driving training, student away at school, Drive Safe & Save, and multiple autos.
- American Family may have discounts that include bundled insurance, TimeAway discount, good student, mySafetyValet, and accident-free.
- GEICO offers premium reductions for seat belt use, federal employee, five-year accident-free, anti-lock brakes, and driver training.
- 21st Century offers discounts including anti-lock brakes, defensive driver, homeowners, automatic seat belts, and air bags.
- Progressive includes discounts for continuous coverage, online signing, multi-vehicle, multi-policy, online quote discount, homeowner, and good student.
Before buying, ask each company or agent which discounts you qualify for. All car insurance discounts may not apply everywhere. If you would like to view providers that have a full spectrum of discounts in Lubbock, click here to view.
All the larger insurance companies such as Allstate, GEICO and Progressive give coverage price quotes direct online. Obtaining pricing for Infiniti M35 insurance in Lubbock is fairly simple as you simply enter your coverage preferences into a form. When the form is submitted, their rating system collects your credit score and driving record and generates pricing information.
Being able to quote online for Infiniti M35 insurance in Lubbock simplifies rate comparisons, and it’s absolutely necessary to do this if you want to get the cheapest price.
If you want to compare pricing, visit the companies below or click here to submit a quote request to multiple companies at once. If you have coverage now, it’s recommended you enter the coverages identical to your current policy. This guarantees you will get a price comparison based on similar coverages.
The auto insurance companies shown below have been selected to offer price comparisons in Lubbock, TX. If your goal is to find the cheapest auto insurance in Lubbock, TX, it’s a good idea that you get rate quotes from several of them in order to get a fair rate comparison.
Infiniti M35 coverage statistics
The rate information below showcases different coverage prices for Infiniti M35 models. Learning as much as possible about how insurance prices are determined can be useful when making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M35 X AWD 4-Dr | $326 | $706 | $462 | $28 | $138 | $1,660 | $138 |
| M35 4-Dr Sedan | $326 | $706 | $462 | $28 | $138 | $1,660 | $138 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rates do not factor in vehicle location which can revise rates significantly.
Should you raise deductibles?
One frequently asked question is where should you set your physical damage deductibles. The data tables below can help you visualize the rate fluctuation between low and high insurance deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M35 X AWD 4-Dr | $454 | $908 | $382 | $22 | $114 | $1,905 | $159 |
| M35 4-Dr Sedan | $454 | $908 | $382 | $22 | $114 | $1,905 | $159 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M35 X AWD 4-Dr | $252 | $478 | $382 | $22 | $114 | $1,248 | $104 |
| M35 4-Dr Sedan | $252 | $478 | $382 | $22 | $114 | $1,248 | $104 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Table data does not factor in specific garaging location which can alter price quotes noticeably.
Using the data above, we can ascertain that using a $100 deductible will cost you approximately $55 more each month or $660 each year averaged for all M35 models than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average more than 16 months between claim filings, you would probably save some money by selecting a higher deductible. The numbers below show how we made this calculation.
| Average monthly premium for $100 deductibles: | $159 |
| Average monthly premium for $1,000 deductibles (subtract): | – $104 |
| Monthly savings from raising deductible: | $55 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $55 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 16 months |
One thing to note is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have a physical damage claim. You need to make sure you have some available funds in the event you need to pay the deductible to have repairs made.
Difference between full coverage and liability only rates
The illustration below illustrates the comparison of Infiniti M35 insurance costs with and without physical damage coverage. The premiums are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no policy discounts are applied.
When to stop buying physical damage coverage
There is no set guideline of when to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Infiniti M35 settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying your deductible. If premiums are more than $700 annually for physical damage coverage, then it might be time to consider dropping full coverage.
There are a few situations where eliminating full coverage is not a good idea. If you still owe money on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not drop full coverage.
Get Lower-cost Insurance Rates by Understanding These Factors
An important part of buying insurance is that you know the rating factors that help calculate your premiums. If you have a feel for what impacts premium levels, this allows you to make good choices that may result in much lower annual insurance costs. Lots of factors are used in the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving history, but other criteria are more obscure such as your marital status or your financial responsibility.
The items below are some of the items insurance companies consider when setting your rate level.
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Females pay lower prices – Over the last 50 years, statistics have shown women are more cautious behind the wheel. It does not mean men are WORSE drivers than women. Men and women cause at-fault accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also receive more major tickets like DUI and reckless driving.
The chart below shows the difference between Infiniti M35 annual premium costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, full physical damage coverage, $100 deductibles, single status, and no discounts are factored in.
- Multi-policy discounts can save money – Most major insurers afford lower prices to policyholders who carry more than one policy in the form of a multi-policy discount. This can amount to 10 percent or more. Even if you’re getting this discount it’s always a smart idea to compare Infiniti M35 rates in Lubbock to confirm you are receiving the best rates possible.
- Discounts for married drivers – Having a spouse may cut your premiums on insurance. Marriage means you’re more mature and responsible and insurance companies reward insureds because being married results in fewer claims.
- Stay claim-free and reduce premiums – Auto insurance companies in Texas give better rates to policyholders who file claims infrequently. If you frequently file small claims, you can expect much higher rates or policy non-renewal. Auto insurance is designed for major claims that would cause financial hardship.
- Drivers with good credit save on insurance – Having a bad credit score factor in determining premium rates. People with high credit scores tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings. If your credit score can be improved, you could potentially save money when insuring your Infiniti M35 if you improve your credit rating.
What if I want to buy from local Lubbock insurance agencies?
A small number of people just prefer to sit down and talk to an agent and that is a personal choice. A good thing about getting online price quotes is that drivers can save money and get cheaper prices and still have a local agent.
To help locate an agent, after submitting this form (opens in new window), your insurance coverage information is transmitted to insurance agents in Lubbock that can give you free Lubbock auto insurance quotes for your coverage. You won’t even need to search for an agent due to the fact that quote results will go straight to your inbox. You can find better rates and a licensed agent to work with. In the event you want to compare prices from a specific company, you just need to visit that company’s website and fill out the quote form the provide.
Choosing an company requires more thought than just the quoted price. Any agent in Lubbock should be willing to answer these questions.
- Does the agency have a good rating with the Better Business Bureau?
- Does the agency provide any after hours assistance?
- What is the financial rating for the quoted company?
- What are their preferred companies if they are an independent agency?
- Will high miles depreciate repair valuations?
Lubbock car insurance agents come in two flavors
When looking for a good insurance agency, it helps to know the two different types of agencies and how they differ in how they can insure your vehicles. Car insurance agents can be classified as either independent agents or exclusive agents depending on their employer.
Exclusive Agents
Exclusive insurance agents can only quote rates from one company like Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot provide prices from multiple companies so they are skilled at selling on more than just price. They are highly trained in insurance sales which helps offset the inability to provide other markets. A lot of people purchase coverage from exclusives partially due to high brand loyalty and the convenience of having a single billing for all their coverages.
Below are Lubbock exclusive insurance agents who can help you get price quotes.
- Jason Grisham – State Farm® Insurance Agent
1102 Slide Rd, 33 – Lubbock, TX 79416 – (806) 793-3101 – View Map - Farmers Insurance – Jim White
4518 50th St – Lubbock, TX 79414 – (806) 792-4416 – View Map - Allstate Insurance Agent: Bill Eggar
10101 Quaker Ave – Lubbock, TX 79424 – (806) 792-5200 – View Map
Independent Car Insurance Agencies
Independent insurance agents do not sell for just one brand and that allows them to write policies with a variety of different insurance companies and find you cheaper rates. If your premiums go up, they simply move your policy to a different company and you can keep the same agent. When shopping rates, you should always get quotes from several independent insurance agents to have the best price comparison. They also have the ability to place coverage with smaller mutual companies which may provide better rates.
Shown below are Lubbock independent agencies that can give you comparison quotes.
- Ashmore and Associates Insurance Agency, LLC
6102 82nd St #6 – Lubbock, TX 79424 – (806) 745-8358 – View Map - The Shropshire Agency, Inc.
5812 66th St – Lubbock, TX 79424 – (806) 763-7311 – View Map - Alan Henry Insurance Agency
3405 19th St – Lubbock, TX 79410 – (806) 792-3771 – View Map
After getting good answers to all your questions and an acceptable price quote, you may have found an insurance agent that is reputable and can properly insure your vehicles.
Auto insurance is an important decision
Even though it’s not necessarily cheap to insure an Infiniti in Lubbock, maintaining insurance is most likely required but also gives you several important benefits.
First, the majority of states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability insurance in order to license the vehicle. 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.
Second, if your M35 has a lienholder, almost all lenders will make it mandatory that you have insurance to protect their interest in the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Infiniti at a significantly higher premium and require you to fork over the higher premium.
Third, auto insurance preserves both your car and your personal assets. It also can pay for all forms of medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will cover the repair costs.
The benefits of buying auto insurance are definitely more than the cost, particularly if you ever have a claim. The average driver in Texas overpays more than $865 each year so you should quote and compare rates each time the policy renews to make sure the price is not too high.
Keep this in mind when shopping around
As you restructure your insurance plan, do not skimp on coverage in order to save money. There are too many instances where someone dropped comprehensive coverage or liability limits only to regret at claim time that they should have had better coverage. The proper strategy is to buy the best coverage you can find at the best cost and still be able to protect your assets.
Consumers change insurance companies for a variety of reasons including policy non-renewal, denial of a claim, high rates after DUI convictions or questionable increases in premium. It doesn’t matter why you want to switch choosing a new insurance company is actually quite simple.
More affordable car insurance in Lubbock is possible both online in addition to many Lubbock insurance agents, so you should compare both to have the best selection. Some insurance companies may not provide rate quotes online and usually these small, regional companies provide coverage only through independent insurance agencies.
More learning opportunities
- Parking Tips to Reduce Door Dings (State Farm)
- Who Has the Cheapest Auto Insurance for High School Students in Lubbock? (FAQ)
- How Much is Lubbock Car Insurance for Lyft Drivers? (FAQ)
- A Tree Fell on Your Car: Now What? (Allstate)
- Safety Belts FAQ (iihs.org)
- Liability Insurance Coverage (Nationwide)
- Teen Driving Statistics (iihs.org)