We don’t have to point out that fact that car insurance companies want to keep you from comparing prices. Insureds who compare other rates are very likely to switch auto insurance companies because there are good odds of finding a lower rate. A recent study showed that people who compared prices once a year saved over $72 a month compared to those who never compared rates.
If finding the cheapest rates on car insurance is why you’re here, then having a grasp of the best ways to shop for insurance rates can help you be more efficient.
Really, the only way to get low-cost Toyota Avalon insurance is to regularly compare price quotes from insurers who sell auto insurance in Lubbock. You can shop around by following these guidelines.
First, read about the coverage provided by your policy and the measures you can control to prevent expensive coverage. Many rating factors that drive up the price like traffic citations, accidents, and an unacceptable credit history can be improved by making minor driving habit or lifestyle changes.
Second, quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can quote rates for many different companies.
Third, compare the new rates to your current policy to see if you can save by switching companies. If you can save money, ensure there is no coverage lapse between policies.
Fourth, notify your company or agent of your intention to cancel your existing policy and submit the completed application along with a down payment to your new company or agent. As soon as you can, keep the new certificate verifying coverage in your vehicle’s glove compartment or console.
An important note is to try to use similar coverage information on every price quote and to quote with every insurance company. This guarantees a fair price comparison and a thorough price selection.
When looking for affordable Lubbock auto insurance quotes, there are a couple ways of comparing rate quotes from many different Texas insurance companies. The easiest way by far to find the lowest Toyota Avalon rates consists of obtaining rate quotes online. Just remember that quoting more provides better odds of finding more affordable rates.
The companies in the list below are ready to provide comparison quotes in Lubbock, TX. If multiple companies are listed, we recommend you visit several of them in order to get a fair rate comparison.
Coverage information
The rate information below highlights a range of insurance rates for Toyota Avalon models. Being aware of how car insurance prices are figured can assist in making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalon XL | $260 | $422 | $310 | $18 | $94 | $1,104 | $92 |
| Avalon XLS | $260 | $496 | $310 | $18 | $94 | $1,178 | $98 |
| Avalon Limited | $288 | $496 | $310 | $18 | $94 | $1,206 | $101 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rates do not factor in specific location which can alter prices greatly.
Physical damage deductible comparison
One of the more difficult decisions when buying auto insurance is how high should the deductibles for physical damage be. The data tables below sum up the rate difference between low and high coverage deductibles. The first data table uses a $250 physical damage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalon XL | $332 | $496 | $324 | $20 | $96 | $1,293 | $108 |
| Avalon XLS | $332 | $584 | $324 | $20 | $96 | $1,381 | $115 |
| Avalon Limited | $370 | $584 | $324 | $20 | $96 | $1,419 | $118 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalon XL | $270 | $400 | $324 | $20 | $96 | $1,110 | $93 |
| Avalon XLS | $270 | $472 | $324 | $20 | $96 | $1,182 | $99 |
| Avalon Limited | $300 | $472 | $324 | $20 | $96 | $1,212 | $101 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Premium amounts do not factor in specific garaging location which can impact coverage prices considerably.
Based on the above data, using a $250 deductible costs roughly $16 more each month or $192 each year than requesting the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 16 months between claim filings, you would save more money if you opt for a higher deductible. Here is a better example of how you can perform this determination yourself.
| Average monthly premium for $250 deductibles: | $114 |
| Average monthly premium for $500 deductibles (subtract): | – $98 |
| Monthly savings from raising deductible: | $16 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $16 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 16 months |
The chart below illustrates how choosing a deductible and can affect Toyota Avalon insurance costs for each different age category. The premium estimates are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
Auto insurance rates are higher with tickets and accidents
The illustration below shows how traffic citations and accidents can increase Toyota Avalon insurance premiums for different categories of driver ages. The premiums are based on a married female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
Why car insurance is not optional
Despite the potentially high cost of Toyota Avalon insurance, paying for car insurance is required for several reasons.
- Just about all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability 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.
- If you have a lien on your Toyota Avalon, almost every bank will have a requirement that you carry insurance to guarantee loan repayment. If you do not keep the policy in force, the bank may buy a policy for your Toyota for a much higher rate and force you to pay a much higher amount than you were paying before.
- Insurance protects both your Toyota and your assets. It also can pay for medical transport and hospital expenses incurred in an accident. Liability coverage, the one required by state law, will also pay attorney fees in the event you are sued. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of buying car insurance definitely exceed the cost, particularly for liability claims. As of last year, the average driver in Texas is currently overpaying as much as $865 each year so we recommend shopping around each time the policy renews to help ensure money is not being wasted.
Buy Cheap Car Insurance with These Tips
Multiple criteria are part of the calculation when you get your auto insurance bill. A few of the factors are predictable such as your driving record, although some other factors are more transparent such as whether you are married or your commute time. Part of the car insurance buying process is learning some of the things that come into play when calculating your premiums. If you have a feel for what impacts premium levels, this empowers consumers to make smart changes that can earn you better car insurance rates.
The items below are some of the items used by companies to determine your premiums.
Never allow your policy to lapse – Having an insurance coverage lapse can be a quick way to drive up your policy premiums. Not only will you pay more, not being able to provide proof of insurance might get you a revoked license or a big fine.
You may save more by combining policies – Most major car insurance companies will award a discount for people that buy multiple policies in the form of a multi-policy discount. If you currently are using one company, it’s always a smart idea to comparison shop to make sure you are getting the best deal.
Liability coverage is peace of mind – Liability insurance provides coverage in the event that you are found to be at fault for damages caused by your negligence. Liability insurance provides you with a defense in court starting from day one. Liability is cheap compared to insuring for physical damage coverage, so do not skimp.
Safer vehicles means cheaper insurance – Safe vehicles tend to have better insurance rates. Safe vehicles result in less severe injuries and reduced instances of injuries means lower claim amounts which can mean better rates for you.
Performance impacts costs – The type of car, truck or SUV you need insurance for makes a huge difference in your premium level. The lowest base rates will generally be found on economy passenger vehicles, but there are many factors that impact the final cost.
The next chart uses these assumptions: single male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It compares Toyota Avalon car insurance rates compared to other makes and models that have a range of performances.
Toyota Avalon insurance claim data – Companies take into consideration insurance loss statistics for every vehicle when determining insurance prices. Vehicles that historically have a higher amount or frequency of claims will cost more for coverage. The next table shows the historical insurance loss data for Toyota Avalon vehicles.
For each policy coverage, the loss probability for all vehicles, without regard to make or model, is equal to 100. Percentages below 100 represent a good loss history, while values that are 100 or greater indicate higher probability of having a loss or larger claims.
| Specific Toyota Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Avalon | 113 | 72 | 112 | 106 | 98 | 74 |
| Toyota Avalon Hybrid | 120 | 72 | 132 | 107 | 85 | 80 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What insurance coverages do I need?
When it comes to choosing proper insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different and your car insurance should unique, too.
For instance, these questions may help you determine whether you would benefit from professional advice.
- Am I insured when driving a different vehicle?
- Can I insure my car for more than it’s worth?
- Am I covered when pulling a rental trailer?
- Why am I required to get a high-risk car insurance policy?
- Should I put collision coverage on all my vehicles?
- Do I need replacement cost coverage?
- When should I remove comp and collision on my Toyota Avalon?
- Is upholstery damage covered by car insurance?
If you’re not sure about those questions, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of car insurance companies in your area.
Final considerations
Low-cost Toyota Avalon insurance in Lubbock is definitely available on the web and with local Lubbock insurance agents, and you should be comparing both to get a complete price analysis. There are still a few companies who may not have the ability to get quotes online and most of the time these small insurance companies provide coverage only through local independent agents.
You just learned a lot of information how to shop for Toyota Avalon insurance online. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding low cost Lubbock auto insurance quotes. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising. These smaller insurers can often provide lower prices in certain areas than their larger competitors like Progressive or GEICO.
For more information, feel free to visit the resources below:
- Auto Crash Statistics (Insurance Information Institute)
- How Much are Car Insurance Rates for a 20 Year Old Female in Lubbock? (FAQ)
- What Auto Insurance is Cheapest for a Honda Civic in Lubbock? (FAQ)
- Who Has the Cheapest Auto Insurance for a 20 Year Old Male in Lubbock? (FAQ)
- Who Has Cheap Lubbock Auto Insurance for State Employees? (FAQ)
- Who Has Affordable Auto Insurance for Electric Cars in Lubbock? (FAQ)
- How Much is Lubbock Auto Insurance for Real Estate Agents? (FAQ)
- Who Has Cheap Car Insurance Rates for a Toyota Tacoma in Lubbock? (FAQ)
- What is Full Coverage? (Allstate)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)