If you’re searching for more affordable insurance, are you baffled by the dozens of insurance providers in your area? You’re not alone. You have such a vast assortment of providers available that it can quickly become a real difficult job to find better premium rates for GMC Acadia insurance in Lubbock. If you live there, you know that Lubbock is a wonderful place to live, but paying high insurance rates makes it difficult to afford good insurance coverage.
How to find affordable quotes for GMC Acadia insurance in Lubbock
The best way to get more affordable GMC Acadia insurance is to regularly compare price quotes from insurance carriers in Lubbock.
First, get a basic knowledge of how insurance works and the things you can change to prevent expensive coverage. Many factors that cause rate increases like traffic violations, accidents, and poor credit history can be controlled by making minor changes in your lifestyle. Keep reading for more information to help keep prices low and get additional discounts that may be available.
Second, request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or Allstate, while independent agencies can provide prices for many different companies. Find a Lubbock insurance agent
Third, compare the new rates to your existing coverage to see if a cheaper price is available in Lubbock. If you find a better price and decide to switch, ensure there is no coverage lapse between policies.
Fourth, provide proper notification to your current company of your decision to cancel your current auto insurance policy. Submit the required down payment along with the signed application for your new policy. As soon as you have the new policy, place your new certificate verifying coverage in an easily accessible location in your vehicle.
An important bit of advice to remember is that you’ll want to make sure you compare similar limits and deductibles on every quote request and and to look at as many companies as you can. Doing this provides the most accurate price comparison and the best price selection.
A recent survey discovered that most insurance buyers in Texas have remained with the same insurance company for well over three years, and approximately 38% of consumers have never compared quotes from other companies. American insurance shoppers could save about $860 every year by just comparing rate quotes, but they don’t invest the time required to compare rates online.
Smart consumers take time to get comparison quotes occasionally because prices change quite often. Even if you got the lowest price on GMC Acadia insurance in Lubbock at your last renewal you can probably find a better rate quote now. Ignore everything you know about insurance because we’re going to demonstrate one of the best ways to properly buy coverages while reducing your premium.
If you’re already insured, you will surely be able to find the best rates using the concepts you’re about to learn. Finding the best insurance coverage in Lubbock is quite easy. But Texas car owners must learn how insurance companies price insurance differently because rates fluctuate considerably.
How to lower your GMC Acadia insurance cost in Lubbock
When comparison shopping, comparing a large number of companies helps locate the best rates.
The companies in the list below have been selected to offer free rate quotes in Texas. To locate cheap car insurance in Lubbock, it’s highly recommended you compare several of them in order to find the most affordable rates.
Insurance coverage analysis
The rate information displayed next covers different insurance prices for GMC Acadia models. Having a good understanding how insurance quotes are formulated can aid in making smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $292 | $408 | $500 | $30 | $150 | $1,380 | $115 |
| Acadia SL AWD | $336 | $408 | $500 | $30 | $150 | $1,424 | $119 |
| Acadia SLE 2WD | $336 | $408 | $500 | $30 | $150 | $1,424 | $119 |
| Acadia SLE AWD | $336 | $496 | $500 | $30 | $150 | $1,512 | $126 |
| Acadia SLT 2WD | $336 | $496 | $500 | $30 | $150 | $1,512 | $126 |
| Acadia SLT AWD | $378 | $496 | $500 | $30 | $150 | $1,554 | $130 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in specific garaging location which can affect price quotes greatly.
Policy deductible comparison
The hardest decision when buying coverage is how low should you set your deductibles. The rates below may help to conceptualize the costs and benefits of buying low and high physical damage coverage deductibles. The first data table uses a $250 deductible for comp and collision and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $256 | $408 | $382 | $22 | $114 | $1,207 | $101 |
| Acadia SL AWD | $294 | $408 | $382 | $22 | $114 | $1,245 | $104 |
| Acadia SLE 2WD | $294 | $408 | $382 | $22 | $114 | $1,245 | $104 |
| Acadia SLE AWD | $294 | $496 | $382 | $22 | $114 | $1,333 | $111 |
| Acadia SLT 2WD | $294 | $496 | $382 | $22 | $114 | $1,333 | $111 |
| Acadia SLT AWD | $332 | $496 | $382 | $22 | $114 | $1,371 | $114 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $158 | $256 | $382 | $22 | $114 | $932 | $78 |
| Acadia SL AWD | $182 | $256 | $382 | $22 | $114 | $956 | $80 |
| Acadia SLE 2WD | $182 | $256 | $382 | $22 | $114 | $956 | $80 |
| Acadia SLE AWD | $182 | $312 | $382 | $22 | $114 | $1,012 | $84 |
| Acadia SLT 2WD | $182 | $312 | $382 | $22 | $114 | $1,012 | $84 |
| Acadia SLT AWD | $206 | $312 | $382 | $22 | $114 | $1,036 | $86 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific Lubbock garaging location which can modify premium rates substantially.
Based on the figures above, using a $250 deductible costs an average of $26 more each month or $312 each year averaged for all Acadia models than buying the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 29 months between claim filings, you would come out ahead by selecting a higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $250 deductibles: | $108 |
| Average monthly premium for $1,000 deductibles (subtract): | – $82 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 29 months |
One big caveat is that increasing deductibles to lower your rates means you will have to pay more at claim time. You need to make sure you have access to more funds in order to pay the deductible for vehicle repair.
Cost comparison with and without full coverage
The example below illustrates the difference between GMC Acadia auto insurance rates with full coverage and liability only. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no discounts are taken into consideration.
When to drop comprehensive and collision coverage
There isn’t a written rule to drop full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s say your GMC Acadia book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $3,000 after paying your deductible. If you are paying over $300 a year for full coverage, then it’s probably a good time to buy liability coverage only.
There are some situations where only buying liability is not a good idea. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Don’t overlook these GMC Acadia insurance discounts
Companies that sell car insurance don’t necessarily list their entire list of discounts very clearly, so the next list breaks down a few of the more common as well as some of the hidden ways to save on insurance.
- Online Discount – Certain insurance companies will provide an incentive simply for signing on their website.
- Driver Education Discount – Cut your cost by having your teen driver participate in a local driver’s education class as it can save substantially.
- Save with a New Car – Insuring a vehicle that is new can save you some money compared to insuring an older model.
- No Claim Discounts – Insureds who avoid accidents and claims get the best insurance rates as opposed to bad drivers.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes can reduce accidents and the ABS can save up to 10%.
- Bundle and Save – If you can combine your homeowners and auto policy with the same company you may save nearly 15% which can help you find cheap Acadia insurance.
- Low Miles Discount – Maintaining low annual mileage could qualify for discounted insurance rates on garaged vehicles.
It’s important to understand that many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as comprehensive or collision. So when it seems like all those discounts means the company will pay you, it just doesn’t work that way.
The chart below visualizes the comparison of GMC Acadia auto insurance rates with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or violations, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, multi-policy, marriage, and multi-car discounts applied.
A list of companies and their possible discounts can be read below.
- American Family offers premium reductions for defensive driver, air bags, early bird, mySafetyValet, accident-free, good driver, and bundled insurance.
- Farm Bureau has savings for driver training, 55 and retired, youthful driver, good student, multi-vehicle, renewal discount, and safe driver.
- State Farm discounts include anti-theft, safe vehicle, defensive driving training, good student, accident-free, Steer Clear safe driver discount, and driver’s education.
- Travelers may offer discounts for save driver, multi-policy, multi-car, payment discounts, driver training, and hybrid/electric vehicle.
- The Hartford may include discounts for air bag, bundle, good student, anti-theft, defensive driver, and driver training.
- GEICO offers discounts including membership and employees, driver training, emergency military deployment, multi-policy, and daytime running lights.
- Progressive includes discounts for continuous coverage, multi-policy, good student, multi-vehicle, online signing, and online quote discount.
When comparing rates, check with each insurance company how many discounts you can get. Some of the discounts discussed earlier might not be offered on policies everywhere.
Why car insurance is not optional
Despite the potentially high cost of GMC Acadia insurance, buying car insurance may be mandatory for several reasons.
First, almost all states have mandatory insurance requirements which means you are required to buy a specific level of liability coverage if you don’t want to risk a ticket. 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 you have a lien on your vehicle, almost all lenders will force you to buy full coverage to protect their interest in the vehicle. If you default on your policy, the bank may insure your GMC for a much higher rate and force you to reimburse them a much higher amount than you were paying before.
Third, car insurance protects your GMC and your assets. Insurance will also pay for most medical and hospital costs incurred in an accident. Liability insurance also pays for attorney fees and expenses if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of insuring your car definitely exceed the cost, especially when you need to use it. On average, a vehicle owner in Lubbock is wasting up to $825 a year so it’s recommended you shop around at every renewal to ensure rates are competitive.
Compare rates but buy from a local Lubbock insurance agent
Some consumers would rather visit with an insurance agent and doing so can bring peace of mind The best thing about price shopping on the web is the fact that you can find the best rates and still choose a local agent. Buying from and supporting local agents is especially important in Lubbock.
To make it easy to find an agent, after completing this simple form, the coverage information is immediately sent to participating agents in Lubbock who will give competitive quotes to get your business. It makes it easy because there is no need to leave your computer because quoted prices will be sent to your email. You can find better rates AND an agent nearby. If you wish to quote rates from a specific insurance company, you just need to jump over to their website and fill out the quote form the provide.
When narrowing the list to find a local Lubbock insurance agent, you must know there are a couple different types of agencies from which to choose. Car insurance agencies can be categorized as either independent agents or exclusive agents depending on their employer.
Independent Car Insurance Agencies or Brokers
Agents that elect to be independent often have affiliation with several companies so they can write business with many different companies and get the cheapest rates. If they find a cheaper price, an independent agent can move your coverage and you don’t have to do anything.
When comparing rate quotes, you will definitely want to get quotes from a few independent agents in order to have the best price comparison. They often place coverage with smaller mutual companies which may provide better rates.
Listed below is a partial list of independent agencies in Lubbock that can give you competitive price quotes.
- Willcoxon Insurance
4601 S Loop 289 # 7 – Lubbock, TX 79424 – (806) 763-4005 – View Map - Bledsoe Insurance Agency
5143 69th St – Lubbock, TX 79424 – (806) 794-8686 – View Map - Ince Insurance Inc
7005 Salem Park Dr – Lubbock, TX 79424 – (806) 797-4131 – View Map
Exclusive Agencies
These type of agents normally can only provide a single company’s rates such as AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot compare rates from other companies so keep that in mind. Exclusive agencies receive a lot of sales training on what they offer and that enables them to sell even at higher rates. Some consumers prefer to buy from exclusive agents mainly due to loyalty to the company and solid financial strength.
Below are exclusive agencies in Lubbock that are able to give price quote information.
- Farmers Insurance – Rhett Richardson
13413 County Rd 1800 Unit D – Lubbock, TX 79424 – (806) 783-9998 – View Map - Allstate Insurance Agent: Patrick Bailey
6701 Aberdeen Ave Ste 2 – Lubbock, TX 79424 – (806) 798-1340 – View Map - Allstate Insurance Agent: Marvin Grimes
6102 82nd St Unit 3b – Lubbock, TX 79424 – (806) 797-2607 – View Map
Picking the best insurance agency is decision based upon more than just the bottom line cost. These are some questions your agent should answer.
- Does the agent have a valid license to sell insurance in Texas?
- Do you qualify for any additional discounts?
- Is working in the agency their full-time job?
- How experienced are they in personal risk management?
- What is their Better Business Bureau rating?