We don’t have to tell you that car insurance companies want to keep you from comparing rates. Consumers who shop around for the cheapest price are highly likely to switch insurance companies because of the high probability of finding a policy with more affordable rates. A recent survey found that people who faithfully checked for cheaper rates saved over $865 a year compared to people who never shopped around for cheaper prices.
If finding the best rates on Acura TL insurance in Lubbock is your ultimate goal, then having an understanding of how to quote and compare insurance coverage can save time and make the process easier.
If your goal is the lowest price, then the best way to find affordable quotes for car insurance rates in Lubbock is to regularly compare quotes from different companies who provide auto insurance in Texas.
First, it will benefit you to learn about auto insurance and the steps you can take to prevent rate increases. Many risk factors that cause high rates such as accidents, careless driving, and an unacceptable credit history can be eliminated by being financially responsible and driving safely.
Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Farmers Insurance, while independent agents can provide prices for a wide range of companies.
Third, compare the new rates to your existing policy to see if you can save by switching companies. If you find better rates, ensure there is no coverage lapse between policies.
Fourth, provide proper notification to your current company to cancel your current coverage. Submit the completed application along with a down payment to the new company. As soon as you have the new policy, place your new certificate verifying proof of insurance along with your vehicle registration.
One piece of advice is to make sure you enter similar deductibles and liability limits on every price quote and and to get price quotes from as many companies as feasibly possible. This guarantees an accurate price comparison and the best price quote selection.
Most larger insurance companies like State Farm and Allstate give prices from their websites. Doing online price comparisons for Acura TL insurance in Lubbock is pretty easy as you just enter your coverage information as detailed in the form. After the form is submitted, the system automatically orders information on your driving record and credit history and gives you a price quote based on these factors. Using the web to get quotes for Acura TL insurance in Lubbock makes comparing rates easy, and it’s very important to do this in order to get cheaper insurance pricing.
To save time and find out if lower rates are available, check out the insurance providers below. If you have a policy now, it’s recommended you duplicate coverages and limits identical to your current policy. This helps ensure you will get a rate comparison for similar coverage.
The companies shown below have been selected to offer price comparisons in Texas. If multiple companies are listed, we recommend you compare several of them in order to find the cheapest rates.
Cheaper rates with these discounts
Insurance is neither fun to buy or cheap, but you might find some hidden discounts to help offset the cost. Some discounts will apply at the time of quoting, but some must be asked about prior to receiving the credit.
- Switch and Save Discount – A few insurance companies offer discounts for buying a policy prior to the expiration date on your current TL insurance policy. This discount can save up to 10%.
- Paperwork-free – A handful of companies may give you up to $50 for buying a policy and signing up over the internet.
- Driver Education Discount – Require your teen driver to successfully complete driver’s ed class as it can save substantially.
- Lower Rates for Military – Having a family member in the military could qualify you for better premium rates.
- More Vehicles More Savings – Insuring more than one vehicle on a single policy can reduce the rates for all insured vehicles.
We need to note that some credits don’t apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think you could get a free insurance policy, you won’t be that lucky. But all discounts will definitely lower the amount you pay for coverage.
The example below illustrates the difference between Acura TL yearly insurance costs with and without discounts. The prices are based on a male driver, no violations or accidents, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, marriage, homeowner, safe-driver, and multi-car discounts applied.
If you would like to see a list of insurers that offer some of these discounts in Lubbock, click here to view.
Auto insurance data for an Acura TL
The premium table displayed below showcases estimates of insurance rates for Acura TL models. Learning how auto insurance policy rates are established is important for drivers to make smart choices when purchasing an insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|TL 3.5 W/Technology Package||$176||$360||$430||$26||$128||$1,120||$93|
|TL 3.7 SH AWD||$176||$360||$430||$26||$128||$1,120||$93|
|TL 3.7 SH W/Technology Package AWD||$176||$414||$430||$26||$128||$1,174||$98|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price information does not factor in vehicle location which can influence coverage rates greatly.
The example below illustrates how your deductible choice and can impact Acura TL insurance premiums for different age groups of insureds. The premiums are based on a single male driver, full physical damage coverage, and no policy discounts are applied.
Safe drivers pay less for auto insurance
The information below demonstrates how speeding tickets and fender-benders drive up Acura TL yearly insurance costs for each different age group. The rates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
Rate comparison of male drivers versus female drivers
The illustration below compares Acura TL yearly insurance costs for male and female drivers. The rate quotes are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are factored in.
Full coverage or liability only
The chart below shows the difference between Acura TL yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The price estimates are based on no claims or driving citations, $250 deductibles, drivers are single, and no discounts are applied to the premium.
When to buy liability coverage only
There is no exact formula for eliminating full coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s say your Acura TL replacement value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $7,000 after paying the physical damage deductible. If you are paying over $700 a year for physical damage coverage, then you might want to think about dropping full coverage.
There are some conditions where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Why Your Insurance Prices might be higher
Many different elements are used when you get a price on insurance. Some of the criteria are obvious such as traffic violations, but others are less apparent such as whether you are married or how financially stable you are. One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that play a part in calculating your policy premiums. If you know what controls the rates you pay, this allows you to make good choices that could result in big savings.
More performance means more cost – The type of vehicle you need insurance for makes a substantial difference in your car insurance bill. Small economy passenger cars usually have the lowest rates, but that’s not the only thing that factors into the final price.
The following chart is based on a married male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It illustrates Acura TL rates compared to other models that have a range of risk factors.
Drive less and get lower costs – The more you drive your Acura in a year the more you will pay for car insurance. Most insurance companies calculate prices based on how the vehicle is used. Vehicles that have low annual miles receive lower rates than those that get driven frequently. A policy that improperly rates your TL may be costing you. Double check that your declarations sheet shows the correct driver usage.
Liability protection limits are a factor – Liability coverage is the coverage that protects you if you are found to be at fault for causing damage or personal injury in an accident. Your liability coverage provides you with a defense in court to defend your case. Liability is cheap when compared to the cost of physical damage coverage, so buy as much as you can afford.
Raising coverage deductibles lowers prices – Comprehensive and collision coverage deductibles state the amount of money you are willing to pay if you file a covered claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some coverage claims are colliding with a stationary object, vandalism, and damage from wind. The more you pay before a claim is paid (deductible), the less your company will charge you for insurance.
Only buy what you need – There are a lot of optional add-on coverages that sound like a good idea at the time when buying car insurance. Coverages like rental car coverage, better glass coverage, and term life insurance may not be needed and are just wasting money. These may sound like a good investment initially, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
Deter vehicle theft – Owning a car with an alarm system can help lower your premiums. Theft prevention features such as OnStar, LoJack tracking, and tamper alarms all help prevent auto theft.
Insurance losses for an Acura TL – Companies use past loss statistics for each vehicle to calculate a price that will offset any claims. Models that the statistics show to have higher number or severity of losses will have a higher cost to insure.
The table below demonstrates the insurance loss data for Acura TL vehicles. For each coverage type, the claim probability for all vehicles, regardless of make or model, is a value of 100. Numbers under 100 are indicative of better than average losses, while values that are above 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Acura TLX 4dr 2WD||90||75||97||93||74||77|
|Acura TLX 4dr 4WD||120||75|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Shop online but buy locally
Certain consumers would rather buy from a local agent and that is OK! One of the best bonuses of comparing insurance prices online is that you can find cheap car insurance quotes but also keep your business local. And providing support for neighborhood insurance agencies is important especially in Lubbock.
After completing this quick form, your coverage information is emailed to local insurance agents in Lubbock that can provide free Lubbock auto insurance quotes for your coverage. There is no reason to find an agent since price quotes are sent immediately to your email address. You can find the lowest rates and work with a local agent. If you want to get a price quote from a specific company, you would need to find their quoting web page and complete a quote there.
If you are wanting to find a good Lubbock insurance agent, there are two different types of agents and how they function. Insurance agencies in Lubbock are categorized either independent agents or exclusive agents.
Independent Car Insurance Agents (or Brokers)
Independent insurance agents are not employed by any specific company so they can quote policies with a variety of different insurance companies and find you the best rates. If they find a lower price, they can switch companies in-house and you stay with the same agent.
If you are comparing rate quotes, we recommend you get rate quotes from a couple of independent agencies to get the most accurate price comparison.
The following are independent insurance agents in Lubbock that may be able to give you price quote information.
Maria Valeriano Insurance Agency
4210 50th St – Lubbock, TX 79413 – (806) 780-6622 – View Map
Exclusive agents work for only one company and some examples include State Farm, AAA, and Liberty Mutual. These agents are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agents are well trained on the products they sell which helps them compete with independent agents.
Below is a short list of exclusive insurance agents in Lubbock willing to provide comparison quotes.
Finding the right car insurance agent needs to be determined by more than just the quoted price. Agents should be asked these questions:
- Will they give you a referral list?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- What company do they have the most business with?
- Do you need full coverage on every vehicle?
- Are they actively involved in the community?
- Is the agent properly licensed in Texas?
- Will your rates increase after a single accident?
- Is vehicle mileage a factor when determining depreciation for repairs?
If you receive reasonable responses to any questions you have as well as a affordable price, you have narrowed it down to an insurance agent that meets your needs to service your policy. Keep in mind it’s your policy and you can cancel your policy at any point so don’t feel that you’re stuck with a specific agent with no way to switch.
Smart shoppers get results
Budget-friendly auto insurance in Lubbock is attainable online in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates. Some auto insurance companies don’t offer the ability to get a quote online and most of the time these smaller providers prefer to sell through independent agents.
When trying to cut insurance costs, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many instances, an insured cut physical damage coverage only to regret at claim time they didn’t have enough coverage. Your strategy should be to buy the best coverage you can find at the best price, but do not skimp to save money.
Additional information is located on the following sites:
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- How Much is Car Insurance for a Hyundai Elantra in Lubbock? (FAQ)
- Who Has Cheap Auto Insurance for a Honda Accord in Lubbock? (FAQ)
- Who Has Affordable Auto Insurance for Electric Cars in Lubbock? (FAQ)
- Safety Features for Your New Car (State Farm)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- What is Gap Insurance? (Insurance Information Institute)
- State Laws for Cellphones and Texting (iihs.org)