It’s easy to assume that insurance companies don’t want you comparing rates. Drivers who shop around for the cheapest rate are inclined to switch companies because the odds are good of finding more affordable rates. A recent insurance study revealed that drivers who regularly shopped around saved approximately $865 a year as compared to drivers who don’t make a habit of comparing rates.
If finding the most affordable Tesla Model X insurance in Lubbock is your ultimate objective, then having some insight into how to get free comparison quotes and analyze insurance can save money and time.
If you want to save the most money, the best way to find cheaper car insurance rates is to start comparing rates regularly from insurers that sell auto insurance in Lubbock. Drivers can shop around by completing these steps.
- First, it will benefit you to learn about how companies set rates and the things you can control to lower rates. Many policy risk factors that cause high rates like tickets, at-fault accidents, and a bad credit rating can be controlled by making minor changes in your lifestyle. Keep reading for instructions to get better rates and find additional discounts.
- Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO or Allstate, while agents who are independent can quote rates from multiple sources.
- Third, compare the quotes to the premium of your current policy to see if cheaper Model X coverage is available in Lubbock. If you find a better price, verify that coverage does not lapse between policies.
An important note is that you’ll want to compare similar limits and deductibles on each quote request and and to get rate quotes from as many companies as you can. Doing this helps ensure a fair rate comparison and a better comparison of the market.
Tesla Model X Insurance Premium Factors
Many things are considered when you get a price on insurance. Most are fairly basic like your driving record, but other criteria are less obvious like your continuous coverage or how financially stable you are.
The items below are some of the major factors used by insurance companies to determine your prices.
- Performance influences premiums – The type of car or truck you are buying insurance for makes a huge difference in your car insurance bill. Smaller low performance passenger cars usually are quite affordable to insure, but your final cost has many other factors.
- Your credit score is important – Having a bad credit score can be an important factor in determining what you pay. Therefore, if your credit could use some work, you could potentially save money when insuring your Tesla Model X by spending a little time repairing your credit. People that have excellent credit tend to file fewer claims and have better driving records than those with bad credit.
- Vehicle features that cut premiums – Choosing to buy a car with an alarm system can help lower your rates. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent your vehicle from being stolen.
- Don’t abuse insurance claims – Car insurance companies in Texas give most affordable rates to people who only file infrequent claims. If you file claims often, you can pretty much guarantee much higher rates or policy non-renewal. Your insurance policy is designed for more catastrophic claims.
- Better prices on cars with good safety ratings – Cars with five star safety ratings tend to have better insurance rates. Safe vehicles reduce occupant injuries and fewer injuries means less claims paid and more competitive rates for policyholders.
- Always have insurance – Not maintaining insurance is a big no-no and any future policy may cost more because you let your coverage lapse. Not only will rates go up, failure to provide proof of insurance may earn you a fine, jail time, or a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Texas department of motor vehicles.
- Pleasure use or commuting – The more miles you rack up on your Tesla in a year the higher your rates will be. Almost all companies calculate prices based upon how the vehicle is primarily used. Cars that have low annual miles can be on a lower rate level than those that get driven frequently. Double check that your insurance policy correctly shows annual mileage, because it can save money. Having an incorrect usage rating on your Model X may be costing you.
Compare Lubbock Tesla Model X insurance quotes
Reducing your insurance rates can be surprisingly simple. Just take time to compare rate quotes to discover which company has inexpensive Lubbock car insurance quotes.
It’s so fast and easy to compare rate quotes online that it replaces the need to call or drive to insurance agencies in your area. Buying insurance online makes this unnecessary unless you have a complicated situation and need the professional advice of a local agency. Some companies do allow you to comparison shop your insurance online but buy from a local insurance agent.
The companies shown below are our best choices to provide quotes in Texas. To find cheap car insurance in Texas, it’s highly recommended you visit several of them to get a more complete price comparison.
Insurance protects more than just your car
Even though it can be expensive, paying for insurance serves several important purposes.
- Most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability insurance if you want to drive legally. 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 your Tesla has a lienholder, it’s guaranteed your bank will make it mandatory that you buy full coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Tesla at an extremely high rate and require you to fork over the higher price.
- Insurance protects both your assets and your Tesla Model X. It will also cover hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your insurance policy will pay to repair the damage minus the deductible amount.
The benefits of having insurance more than cancel out the cost, particularly when you have a large claim. Today the average American driver overpays as much as $869 every year so compare rates at least once a year to save money.
Don’t neglect these discounts
Some companies do not advertise every possible discount very clearly, so the below list has both well-publicized and also the lesser-known discounts that you may qualify for. If you are not receiving all the discounts you qualify for, you could be saving more on your auto insurance.
- Life Insurance – Larger companies have lower premium rates if you buy a life insurance policy as well.
- ABS and Traction Control Discounts – Cars and trucks with anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
- Resident Student – Children who live away from home to go to college and leave their car at home may qualify for this discount.
- Passenger Safety Discount – Options like air bags or automatic seat belts can qualify for discounts of more than 20%.
- Onboard Data Collection – People who choose to allow their company to scrutinize driving habits by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if they show good driving skills.
Consumers should know that most of the big mark downs will not be given to the entire policy premium. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like all those discounts means the company will pay you, it’s just not the way it works.
Large auto insurance companies and their possible discounts are:
- GEICO has savings for emergency military deployment, daytime running lights, seat belt use, anti-theft, air bags, federal employee, and anti-lock brakes.
- Travelers may offer discounts for new car, student away at school, early quote, good student, continuous insurance, and payment discounts.
- Farm Bureau includes discounts for safe driver, renewal discount, youthful driver, good student, multi-policy, 55 and retired, and driver training.
- Liberty Mutual policyholders can earn discounts including multi-car, hybrid vehicle, newly married, new move discount, newly retired, exclusive group savings, and new vehicle discount.
- American Family offers discounts including TimeAway discount, bundled insurance, defensive driver, multi-vehicle, air bags, and accident-free.
- Progressive discounts include multi-policy, good student, online signing, continuous coverage, and online quote discount.
If you need affordable Tesla Model X insurance quotes, ask all companies you are considering which discounts you qualify for. All car insurance discounts might not be offered everywhere. To find insurers who offer free Tesla Model X insurance quotes in Texas, click this link.
Local neighborhood agents and auto insurance
A lot of people would rather get professional advice from a licensed agent and that is not a bad decision Professional insurance agents can point out coverage gaps and help file insurance claims. A nice benefit of getting online price quotes is that drivers can save money and get cheap rate quotes and still choose a local agent.
To help locate an agent, after submitting this simple form, your coverage information is immediately sent to insurance agents in Lubbock that can provide free Lubbock car insurance quotes and help you find cheaper coverage. You never need to search for any insurance agencies as quotes are delivered to the email address you provide. If you want to get a rate quote from one company in particular, don’t hesitate to search and find their rate quote page and fill out their quote form.
Choosing the best provider is decision based upon more than just a cheap price. Ask your prospective agent these questions:
- Do they regularly work with personal auto policies in Lubbock?
- Will their companies depreciate repairs to your car based on the mileage?
- Is insurance their full-time profession?
- Did they already check your driving record and credit reports?
- Will they take your side in the event of a claim?
- Is there any savings for paying the full premium?
- If your car is in the repair shop, do you have coverage for a rental car?
- Is the agent CPCU or CIC certified?
Listed below are Lubbock car insurance companies that are able to give rate quotes for Tesla Model X insurance in Lubbock.
Farmers Insurance – Rhett Richardson
13413 County Rd 1800 Unit D – Lubbock, TX 79424 – (806) 783-9998 – View Map
Alliance Insurance Agency
3307 82nd St – Lubbock, TX 79423 – (806) 792-0135 – View Map
Bledsoe Insurance Agency
5143 69th St – Lubbock, TX 79424 – (806) 794-8686 – View Map
Rebecca Egert – State Farm Insurance Agent
9810 Indiana Ave Ste 120 – Lubbock, TX 79423 – (806) 795-4344 – View Map
How to find a good Texas car insurance company
Insuring your vehicle with the right auto insurance provider is hard considering how many choices you have in Texas. The rank data listed below can help you choose which car insurance companies to look at shopping your coverage with.
| 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
Do I need special coverages?
Keep in mind that when it comes to choosing coverage online or from an agent for your vehicles, there really is no “perfect” insurance plan. Your situation is unique.
These are some specific questions may help you determine if you would benefit from professional advice.
- Is water damage covered by my policy?
- If my Tesla Model X is totaled, can I afford another vehicle?
- What does medical payments cover?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Can I rate high risk drivers on liability-only vehicles?
- Do I have ACV or replacement cost coverage?
- If I use my vehicle for business use is it covered?
- Why do I only qualify for high-risk insurance?
If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It is quick, free and can provide invaluable advice.
Cheaper car insurance is a realistic goal
Lower-priced car insurance in Lubbock is definitely available online in addition to many Lubbock insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies may not have online price quotes and these regional carriers work with independent insurance agents.
We covered many tips how you can save on Tesla Model X insurance in Lubbock. The key thing to remember is the more times you quote, the better chance you’ll have of finding affordable Lubbock car insurance quotes. Drivers may even discover the best price on car insurance is with a company that doesn’t do a lot of advertising.
Drivers switch companies for any number of reasons including policy cancellation, being labeled a high risk driver, questionable increases in premium and even delays in paying claims. It doesn’t matter why you want to switch finding a new company can be pretty painless.
Additional detailed information is available by following these links:
- How do I File a Claim? (Insurance Information Institute)
- Who Has Affordable Auto Insurance for College Graduates in Lubbock? (FAQ)
- How Much are Auto Insurance Quotes for Government Employees in Lubbock? (FAQ)
- Who Has Affordable Car Insurance Quotes for High Mileage Drivers in Lubbock? (FAQ)
- Choosing a Car for Your Teen (State Farm)
- Older Drivers FAQ (iihs.org)