It’s safe to assume that insurance companies don’t want you to look for cheaper rates. People who shop around for a cheaper policy will presumably move their business because there is a good chance of finding coverage at a more affordable price. A recent auto insurance study discovered that drivers who routinely compared quotes saved about $3,400 over four years compared to those who never compared other company’s rates.
If finding the most affordable insurance is the reason you’re reading this, knowing the best way to quote and compare insurance can help make the process easier and more efficient.
It takes a little time, but the best way to get more affordable auto insurance rates is to compare quotes once a year from insurance carriers in Lubbock.
First, gain an understanding of how insurance works and the factors you can control to prevent expensive coverage. Many factors that are responsible for high rates such as traffic citations, accidents, and a not-so-good credit rating can be controlled by making small lifestyle or driving habit changes.
Second, compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like Progressive or Allstate, while independent agencies can quote rates from many different companies.
Third, compare the new rates to the premium of your current policy to see if switching to a new carrier will save money. If you find a better price and make a switch, make sure there is no coverage gap between policies.
Fourth, give proper notification to your current agent or company of your decision to cancel your current auto insurance policy. Submit the signed application along with the required initial payment for the new policy. Be sure to put the certificate verifying proof of insurance in a readily accessible location in your vehicle.
One bit of advice is to use the same liability limits and deductibles on every price quote and and to get prices from every company you can. This guarantees a fair price comparison and and a good selection of different prices.
Discounts mean cheaper rates for Chrysler Sebring insurance in Lubbock
Auto insurance companies don’t always list every discount they offer in a way that’s easy to find, so the below list has some of the best known and also the more inconspicuous savings tricks you should be using when you buy Lubbock car insurance online.
- Driver Safety – Taking time to complete a course teaching defensive driving skills is a good idea and can lower rates and easily pay for the cost of the class.
- Smart Student Discounts – Maintaining excellent grades can be rewarded with saving of up to 25%. You can use this discount normally until age 25.
- Sign Online – Many larger companies provide a small discount for buying your policy on the web.
- Full Payment Discount – By paying your entire bill at once as opposed to paying monthly you may reduce your total bill.
- Drivers Education – Teen drivers should complete a driver education course if it’s offered in school.
- Multiple Policy Discount – When you have multiple policies and insure them both with the same insurance company you could save as much as 10 to 15 percent.
- Discount for Home Ownership – Being a homeowner can earn you a little savings since home ownership is proof of financial responsibility.
You should keep in mind that most discount credits are not given to your bottom line cost. Most only apply to specific coverage prices like collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way. But all discounts should help reduce your auto insurance premiums.
The diagram below illustrates the difference between Chrysler Sebring auto insurance rates with and without discounts applied to the rates. Data assumes a male driver, no accidents, no driving violations, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, claim-free, multi-car, and safe-driver discounts applied.
A few popular companies and their offered discounts include:
- Progressive offers premium reductions for multi-vehicle, homeowner, online signing, good student, and continuous coverage.
- Farmers Insurance policyholders can earn discounts including mature driver, teen driver, alternative fuel, business and professional, pay in full, and homeowner.
- Farm Bureau has discounts for good student, safe driver, 55 and retired, multi-vehicle, multi-policy, youthful driver, and driver training.
- State Farm may offer discounts for driver’s education, defensive driving training, good student, student away at school, Steer Clear safe driver discount, anti-theft, and multiple policy.
- GEICO includes discounts for membership and employees, anti-theft, daytime running lights, anti-lock brakes, defensive driver, military active duty, and multi-vehicle.
- SAFECO offers discounts including safe driver, multi-car, teen safe driver, anti-lock brakes, and bundle discounts.
- Liberty Mutual may have discounts that include new vehicle discount, new graduate, newly retired, hybrid vehicle, good student, and preferred payment discount.
When getting a coverage quote, ask every insurance company how many discounts you can get. Some discounts listed above may not apply in Lubbock. To find companies who offer auto insurance discounts in Lubbock, click this link.
Getting cheaper auto insurance pricing doesn’t have to be difficult. Drivers just need to take a couple of minutes comparing rates to find the company with affordable Lubbock car insurance quotes.
The auto insurance companies shown below provide free quotes in Texas. If you wish to find the best auto insurance in Texas, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.
Chrysler Sebring detailed coverage information
The price information shown next outlines a range of policy rates for Chrysler Sebring models. Knowing how insurance policy premiums are figured can assist in making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $254 | $572 | $430 | $26 | $128 | $1,410 | $118 |
| Sebring Limited 4-Dr Sedan | $254 | $572 | $430 | $26 | $128 | $1,410 | $118 |
| Sebring LX 2-Dr Convertible | $286 | $572 | $430 | $26 | $128 | $1,442 | $120 |
| Sebring Touring 2-Dr Convertible | $286 | $572 | $430 | $26 | $128 | $1,442 | $120 |
| Sebring Limited 2-Dr Convertible | $318 | $660 | $430 | $26 | $128 | $1,562 | $130 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Information does not factor in garaging location in Lubbock which can increase or decrease coverage rates substantially.
Car insurance deductibles
The hardest decision when buying coverage is the level to set your comp and collision deductibles. The premium rates below summarize the difference in cost when you choose different coverage deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $294 | $584 | $382 | $22 | $114 | $1,421 | $118 |
| Sebring Limited 4-Dr Sedan | $294 | $584 | $382 | $22 | $114 | $1,421 | $118 |
| Sebring LX 2-Dr Convertible | $332 | $584 | $382 | $22 | $114 | $1,459 | $122 |
| Sebring Touring 2-Dr Convertible | $332 | $584 | $382 | $22 | $114 | $1,459 | $122 |
| Sebring Limited 2-Dr Convertible | $370 | $672 | $382 | $22 | $114 | $1,585 | $132 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $182 | $368 | $382 | $22 | $114 | $1,068 | $89 |
| Sebring Limited 4-Dr Sedan | $182 | $368 | $382 | $22 | $114 | $1,068 | $89 |
| Sebring LX 2-Dr Convertible | $206 | $368 | $382 | $22 | $114 | $1,092 | $91 |
| Sebring Touring 2-Dr Convertible | $206 | $368 | $382 | $22 | $114 | $1,092 | $91 |
| Sebring Limited 2-Dr Convertible | $228 | $424 | $382 | $22 | $114 | $1,170 | $98 |
| 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 homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in specific location information which can decrease or increase price quotes substantially.
Based on the above data, using a $250 deductible will cost in the ballpark of $30 more each month or $360 for a full year than quoting the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 25 months between claims, you would most likely save money if you decide on a higher deductible.
How to determine if higher deductibles are a good idea
| Average monthly premium for $250 deductibles: | $122 |
| Average monthly premium for $1,000 deductibles (subtract): | – $92 |
| Monthly savings from raising deductible: | $30 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $30 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
An important sidenote is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket when you do file a claim. It will be required that you have enough money in the bank in the event you have to pay the deductible.
Cost of full coverage
The chart below shows the difference between Chrysler Sebring auto insurance costs with and without full coverage. The premiums assume a clean driving record, no claims, $250 deductibles, marital status is single, and no other discounts are factored in.
Are you wasting money on full coverage?
There is no specific rule for phasing out comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Chrysler Sebring replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after paying your deductible. If you are paying in excess of $800 annually for physical damage coverage, then it could be time to drop full coverage.
There are some circumstances where dropping physical damage coverage is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
How Insurance Providers Determine Chrysler Sebring Insurance Prices
The best way to find cheaper car insurance is to take a look at some of the factors that aid in calculating the price you pay for car insurance. If you know what controls the rates you pay, this empowers consumers to make smart changes that may result in better car insurance rates.
Optional features that lower rates – Buying a car with anti-theft technology or alarm system can get you a discount on your car insurance. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent vehicle theft.
Accidents increase premiums – Careful drivers tend to pay less for car insurance compared to drivers with tickets. Having a single ticket may cause rates to rise twenty percent or more. Drivers with serious violations such as DUI or willful reckless driving might be required by their state to complete a SR-22 with their state DMV in order to legally drive a vehicle.
The example below demonstrates how citations and accidents increase Chrysler Sebring insurance costs for each different age group. The rates are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.
Having a spouse is a bonus – Being married can get you a discount on your car insurance policy. Marriage may mean you are more financially stable and statistics show married drivers tend to have fewer serious accidents.
Your address can impact price – Being located in a small town is a positive aspect when buying car insurance. Residents of big cities tend to have more auto accidents and longer commute times. Less people means fewer accidents and a lower car theft rate.
Raise your coverage deductibles for better costs – Coverage for physical damage, aka comp and collision, insures against damage to your Chrysler. Some examples of claims that would be covered would be a windshield shattered by a rock, hitting a deer, and having your car stolen. Physical damage deductibles state the amount of money you are willing to pay if the claim is covered. The more damage repair cost the insured is willing to pay, the less your company will charge you for insurance.
Save money with high credit – Your credit score factor in determining premium rates. If your credit rating leaves room for improvement, you could be paying less to insure your Chrysler Sebring by repairing your credit. People that have high credit scores tend to be better risks to insure as compared to drivers with poor credit scores.
Auto insurance agents can find coverage gaps
Some consumers would prefer to have an agent’s advice and that can be a great decision Professional insurance agents are highly skilled in risk management and help submit paperwork. An additional benefit of getting online price quotes is that you can obtain cheap insurance quotes and also buy local. Buying from and supporting local agencies is definitely important in Lubbock.
To make it easy to find an agent, after completing this simple form, your information is instantly submitted to agents in your area that can give you free Lubbock car insurance quotes for your coverage. There is no need to find an agent because prices are sent immediately to you. If you wish to compare prices from a specific company, you just need to search and find their rate quote page and complete a quote there.
If you prefer to buy insurance from a local insurance agency, it can be helpful to understand the types of insurance agents and how they operate. Lubbock agents can be categorized as either exclusive or independent (non-exclusive). Either one can sell insurance policies, but it’s worth learning why they differ since it may influence the type of agent you choose.
Independent Agents (or Brokers)
Independent agencies are appointed with more than one company so they can insure your vehicles with lots of companies and help determine which has the cheapest rates. If premiums increase, the agent simply finds a different carrier which makes it simple for you. If you need cheaper insurance rates, it’s a good idea to compare quotes from independent agents for maximum quote selection. Many write coverage with companies that do not advertise much which can save you money.
Below is a small list of independent insurance agencies in Lubbock that may be able to provide cheap rate quotes.
- Ince Insurance Inc
7005 Salem Park Dr – Lubbock, TX 79424 – (806) 797-4131 – View Map - Willcoxon Insurance
4601 S Loop 289 # 7 – Lubbock, TX 79424 – (806) 763-4005 – View Map - David Tate Insurance Agency LLP
5233 79th St – Lubbock, TX 79424 – (806) 794-1177 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive can only provide pricing for a single company such as Farmers Insurance, American Family, State Farm and Allstate. They usually cannot compare rates from other companies so always compare other rates. Exclusive agents are well schooled on their products and sales techniques which aids in selling service over price. Some people will only purchase coverage from exclusives mainly due to the prominent brand name and the convenience of having a single billing for all their coverages.
Below is a short list of exclusive agencies in Lubbock that are able to give comparison quotes.
- Chris Prather – State Farm Insurance Agent
4412 74th St f101 – Lubbock, TX 79424 – (806) 792-3331 – View Map - Kevin Watson – State Farm Insurance Agent
13033 Quaker Ave SUITE B – Lubbock, TX 79423 – (806) 797-3329 – View Map - Farmers Insurance – Jim White
4518 50th St – Lubbock, TX 79414 – (806) 792-4416 – View Map
Finding the right insurance agent requires you to look at more than just the price. Any agent in Lubbock should be forthright in answering these questions:
- By raising physical damage deductibles, how much would you save?
- Does the agency have a positive business rating?
- How long has their agency been open in Lubbock?
- What kind of financial rating does the company have?
- How much training do they have in personal risk management?
Protect more than your Sebring
Despite the fact that auto insurance is not cheap in Lubbock, buying auto insurance is a good idea for several reasons.
First, most states have minimum liability requirements which means you are required to buy specific limits 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.
Second, if you took out a loan on your car, it’s guaranteed your bank will require that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Chrysler at a more expensive rate and force you to pay for it.
Third, insurance safeguards not only your Chrysler Sebring but also your financial assets. It will also cover many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay to defend you if you are sued as the result of an accident. If you have damage to your Chrysler as the result of the weather or an accident, your policy will pay to repair the damage.
The benefits of insuring your car outweigh the cost, especially if you ever need it. According to a survey of 1,000 drivers, the average driver overpays as much as $700 annually so it’s important to compare rates once a year at a minimum to help ensure money is not being wasted.
Ratings for Lubbock car insurance companies
Ending up with a highly-rated insurer can be rather challenging considering how many different companies sell coverage in Lubbock. The rank data displayed below could help you decide which providers to look at purchasing from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Don’t give up on cheap rates
When you buy Lubbock car insurance online, do not buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced collision coverage only to regret at claim time that they should have had better coverage. The ultimate goal is to purchase plenty of coverage at the best cost, not the least amount of coverage.
In this article, we covered a lot of tips how to save on Chrysler Sebring insurance in Lubbock. The most important thing to understand is the more you quote Lubbock car insurance, the better your chances of lowering your prices. Drivers may even discover the biggest savings come from some of the smallest insurance companies.
Lower-priced Chrysler Sebring insurance in Lubbock is definitely available on the web and with local Lubbock insurance agents, so you need to shop Lubbock car insurance with both to have the best selection. There are still a few companies who do not provide rate quotes online and these regional insurance providers only sell through local independent agencies.
To learn more, take a look at the resources below:
- Vehicle Insurance (Wikipedia)
- Who Has Cheap Car Insurance Quotes for Safe Drivers in Lubbock? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Drivers Over Age 50 in Lubbock? (FAQ)
- Who Has Cheap Car Insurance for Used Cars in Lubbock? (FAQ)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Collision Coverage (Liberty Mutual)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Eight Auto Insurance Myths (Insurance Information Institute)