If you want to save the most money, the best way to find the cheapest price for auto insurance rates is to compare prices at least once a year from providers in Lubbock.
- First, try to learn a little about the different coverages in a policy and the modifications you can make to keep rates in check. Many policy risk factors that drive up the price such as speeding tickets, accidents and a low credit rating can be remedied by making minor changes in your lifestyle. Later in this article we will cover more information to prevent high rates and find discounts that may have been missed.
- Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like Progressive or State Farm, while agents who are independent can provide rate quotes from many different companies.
- Third, compare the price quotes to your existing rates to see if a cheaper rate is available in Lubbock. If you find a lower rate and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Fourth, give notification to your agent or company of your decision to cancel your current policy. Submit the completed application along with a down payment for your new policy. Once coverage is bound, put the certificate of insurance in an accessible location in your vehicle.
One thing to point out is to compare the same amount of coverage on every quote and and to get price quotes from as many carriers as you can. This helps ensure an apples-to-apples comparison and maximum price selection.
It’s hard to believe, but about 70% of customers kept their policy with the same company for at least four years, and nearly half have never compared rates with other companies. With the average auto insurance premium being $2,700, Lubbock drivers could save an average of 70% each year just by comparing rates, but they just don’t want to find lower-cost auto insurance rates.
If you have insurance now or just want to reduce your rates, use these money-saving tips to reduce the price you pay without reducing coverage. Finding affordable policy in Lubbock is easy if you know what you’re doing. Drivers just need to use the proper way to compare company rates from multiple carriers.
All the larger car insurance companies such as 21st Century, Allstate and State Farm make it easy to get pricing online. The process doesn’t take a lot of time because it’s just a matter of typing in the coverage amounts you desire as requested by the quote form. Upon sending the form, the quote system will obtain reports for credit and driving violations and gives you a price quote based on these and other factors.
Getting online rate quotes for Lexus SC 430 insurance in Lubbock simplifies rate comparisons, and it is imperative to perform this step in order to find lower-cost car insurance pricing.
To find out how much you can save on car insurance, 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 duplicate the coverage information just like they are on your policy. Using the same limits helps guarantee you will have a rate comparison for similar coverage.
The following companies can provide comparison quotes in Lubbock, TX. To find cheap auto insurance in TX, we recommend you compare several of them in order to find the most competitive rates.
Detailed insurance information
The information shown next showcases different insurance premium costs for Lexus SC 430 models. Learning how insurance policy premiums are figured is important for making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| SC 430 2-Dr Convertible | $288 | $478 | $424 | $26 | $128 | $1,344 | $112 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Price estimates do not factor in specific Lubbock garaging location which can lower or raise prices noticeably.
Policy deductible comparison
A question often asked by Lubbock drivers is where to set your physical damage deductibles. The comparison tables below can help you understand how much more rates are of buying low and high deductibles. The first table uses a $100 physical damage deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| SC 430 2-Dr Convertible | $454 | $908 | $324 | $20 | $96 | $1,827 | $152 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| SC 430 2-Dr Convertible | $332 | $614 | $324 | $20 | $96 | $1,386 | $116 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Prices do not factor in Lubbock location which can lower or raise auto insurance rates significantly.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you roughly $36 more each month or $432 every year than quoting the higher $500 deductible. Because you would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 11 months between claim filings, you would probably be better off by selecting a higher deductible.
Impact of age and gender on insurance rates
The diagram below compares Lexus SC 430 auto insurance costs for male and female drivers. Data assumes no driving violations, no at-fault accidents, comp and collision included, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
Does it make sense to buy full coverage?
The information below illustrates the difference between Lexus SC 430 insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The price estimates are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.
When to eliminate full coverage
There is no definitive formula for phasing out comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your Lexus SC 430 replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after the deductible is paid. If you are paying in excess of $500 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some circumstances where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.
Discounts mean cheaper rates for Lexus SC 430 insurance in Lubbock
Insurance can be prohibitively expensive, but companies offer discounts that can drop the cost substantially. Some trigger automatically when you purchase, but a few need to be manually applied before they will apply.
- Payment Method – By paying your entire bill at once instead of paying each month you may reduce your total bill.
- No Claim Discounts – Drivers who don’t have accidents pay less in comparison with frequent claim filers.
- Cautious Drivers – Safe drivers may save up to 50% more compared to accident prone drivers.
- Employee of Federal Government – Simply working for the federal government may qualify for a discount when you quote Lubbock car insurance with select insurance companies.
- Driver Education Discount – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class in school.
- Paperless Signup – Some car insurance companies will give you a small discount shop Lubbock car insurance online.
While discounts sound great, it’s important to understand that many deductions do not apply to the entire cost. Some only apply to individual premiums such as liability, collision or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, it just doesn’t work that way.
The chart below shows the comparison of Lexus SC 430 insurance premiums with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or violations, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, marriage, multi-car, multi-policy, and safe-driver discounts applied.
Some companies that may offer quotes with some of the discounts shown above include:
It’s a good idea to ask all the companies to give you their best rates. A few discounts might not be offered on policies in your state. To see a list of insurers who offer free Lexus SC 430 insurance quotes in Texas, click here.
Buying the right Lexus vehicle insurance in Texas is an important decision
Even though Lubbock SC 430 insurance rates can get expensive, insuring your vehicle is required in Texas but it also protects you in many ways.
First, the majority of states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability 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.
Second, if your car has a loan, more than likely the lender will make it mandatory that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the bank may insure your Lexus at an extremely high rate and make you pay for it.
Third, insurance protects not only your car but also your financial assets. It will also reimburse you for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay for a defense attorney if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of insuring your car more than offset the price you pay, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is overpaying more than $820 a year so you should quote your policy with other companies at every renewal to ensure rates are inline.
Compare rate quotes but still have a neighborhood Lubbock auto insurance agent
Certain consumers still like to get professional advice from a licensed agent and there is nothing wrong with that. Most agents can point out coverage gaps and give you someone to call. One of the benefits of comparing rate quotes online is the fact that you can find better rates and still choose a local agent.
By using this simple form, your insurance coverage information is sent to local insurance agents in Lubbock that can provide free Lubbock car insurance quotes for your car insurance coverage. You never need to find an agent on your own because prices are sent to the email address you provide. If you wish to get a rate quote from a specific company, you would need to go to their quote page and fill out their quote form.
Finding the right provider is decision based upon more than just the quoted price. These questions are important to ask:
- Are they able to influence company decisions when a claim is filed?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Will a damage claim use OEM or aftermarket replacement parts?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- What are their preferred companies if they are an independent agency?
Not all auto insurance agents are the same
When researching a local Lubbock insurance agent, there are a couple of different agency structures and how they function. Car insurance policy providers may be either independent (non-exclusive) or exclusive. Both can write policy coverage, but it’s important to point out the difference in how they write coverage since it can impact your agent selection.
Exclusive Insurance Agencies
Agents that elect to be exclusive normally can only provide a single company’s rates and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents cannot place coverage with different providers so you need to shop around if the rates are high. Exclusive agencies are trained well on their company’s products which helps overcome the inability to quote other rates. Drivers often buy insurance from these agents primarily because of the prominence of the brand rather than low rates.
The following are Lubbock exclusive agents who may provide you with price quotes.
- Allstate Insurance Agent: Bill Eggar
10101 Quaker Ave – Lubbock, TX 79424 – (806) 792-5200 – View Map - Farmers Insurance – Jules Minne
10210 Frankford Ave Ste 220 – Lubbock, TX 79424 – (806) 783-9519 – View Map - Farmers Insurance – Jim White
4518 50th St – Lubbock, TX 79414 – (806) 792-4416 – View Map
Independent Car Insurance Agencies
Agents that elect to be independent are not required to write business for one company and that allows them to write policies with lots of companies and find the cheapest rate. If your premiums go up, the agent simply finds a different carrier which makes it simple for you.
If you need cheaper car insurance rates, it’s a good idea to get insurance quotes from several independent insurance agents for maximum quote selection. Most can insure with less well-known companies which could offer lower prices.
Listed below is a short list of independent agencies in Lubbock that are able to give comparison quotes.
- Sanford and Tatum Insurance Agency
5241 98th St – Lubbock, TX 79424 – (806) 792-5564 – View Map - Grimes Insurance Agency Inc
1651 Broadway St – Lubbock, TX 79401 – (806) 762-0544 – View Map - Ince Insurance Inc
7005 Salem Park Dr – Lubbock, TX 79424 – (806) 797-4131 – View Map