Wouldn't it be nice if we could wave our magic wand and tell you the company that has the most affordable coverage for a school permit? That is not the case, however, as there are a lot of unknown aspects such as whether you just need liability insurance, the safety features built into your vehicle, and if you are a homeowner, that all factor into the price you pay. This article covers the best ways to compare rates and should give you a solid foundation to find cheaper car insurance in Texas.
The make and model of vehicle requiring insurance is probably the largest consideration when comparing affordable auto insurance for a school permit. Vehicles with limited speed and performance, modern passenger safety features, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models. The next table outlines auto insurance premiums for the more affordable automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$4,125|
|Honda CR-V EX-L 2WD||$4,162|
|Ford Escape XLT 4WD||$4,170|
|Ford F-150 XL Super Cab 2WD||$4,604|
|Honda Odyssey LX||$4,614|
|Jeep Wrangler Sahara 4WD 2-Dr||$4,641|
|Ford Explorer Eddie Bauer 2WD||$4,646|
|Toyota Tacoma 4WD||$4,641|
|Ford Edge SEL AWD||$4,856|
|Toyota RAV4 Limited 4WD||$4,893|
|Volkswagen Jetta LE 4-Dr Sedan||$4,900|
|Chevrolet Equinox LS AWD||$4,893|
|Chevrolet Silverado LT Extended Cab 4WD||$4,900|
|Jeep Grand Cherokee Laredo 2WD||$4,893|
|Toyota Camry LE||$4,898|
|Chevrolet Impala LT||$4,893|
|Dodge Grand Caravan Crew||$4,932|
|Toyota Corolla XLE||$5,145|
|Hyundai Elantra GLS 4-Dr Sedan||$5,151|
|Ford Fusion SEL 4-Dr Sedan||$5,184|
|Chevrolet Malibu LTZ||$5,194|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$5,184|
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Data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in Lubbock, TX location which can lower or raise auto insurance rates significantly.
Based upon the rates shown, you can presume that cars like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Ford F-150 will be some of the more affordable vehicles to insure for a learners permit. Prices will tend to be higher just due to the fact that there is more risk for a school permit, but in general those particular vehicles will probably have the best rates that you'll find.
One of the more important considerations that are used to help calculate car insurance rates is where you live in Lubbock. Areas with more people or higher crime rates tend to pay more, whereas areas with less congestion have the benefit of cheaper car insurance.
The next table ranks the highest-priced areas in Texas for a school permit to purchase car insurance in. Lubbock is ranked #14 having an annual price of $1,716 for the average insured, which is around $143 each month.
|Rank||City||Average Per Year|
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Annual rates are approximated as the vehicle garaging location can modify premium rates substantially.
Finding good, affordable insurance is easier said than done, and determining which companies offer the most affordable insurance rates for a school permit will require additional perseverance.
Each insurer has a different process to establish rates, so we need to take a look at the lowest cost insurance companies in Lubbock.
Find Cheaper Auto Insurance for Students
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers normally has some of the best car insurance rates in Lubbock at around $1,052 each year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also qualify as some of the lowest-priced Lubbock, TX insurance companies.
In the above rates, if you are insured with Texas Farm Bureau and switched to Travelers, you might achieve a yearly savings of roughly $147. Texas drivers with Germania Mutual might save as much as $230 a year, and California Casualty policyholders might reduce rates by $344 a year.
To find the cheapest coverage for you, click here to start a quote or click several companies below for low rates.
Be aware that those premiums are averages across all insureds and vehicles and do not take into consideration a specific location for a school permit. So the insurer that can offer you the best price may not even be in the top 23 companies shown above. That helps illustrate why you need to get car insurance quotes using your own driver information and specific vehicle type.
Discount Lubbock auto insurance
Car insurance companies that offer quotes for a school permit may provide policy discounts that can reduce rates by 35% or more if you qualify. The best insurance companies and a summarized list of policyholder discounts can be read below.
- State Farm includes discounts for good student, student away at school, defensive driving training, multiple autos, and multiple policy.
- American Family may include discounts for defensive driver, Steer into Savings, early bird, accident-free, bundled insurance, multi-vehicle, and good driver.
- GEICO has savings for five-year accident-free, multi-policy, multi-vehicle, anti-lock brakes, military active duty, and emergency military deployment.
- 21st Century may offer discounts for anti-lock brakes, homeowners, student driver, defensive driver, good student, and teen driver.
- Progressive offers premium reductions for online signing, good student, homeowner, multi-vehicle, online quote discount, and multi-policy.
The chart below shows the difference between annual premium costs with and without discounts applied to the premium. The data is based on a male driver, no claims or driving citations, Texas state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with paid-in-full, passive restraint, vehicle safety, paperless filing, continuous coverage, and anti-theft discounts applied. When taking advantage of discounts, the average savings per year on insurance for a school permit is 28% or $1,086.
The diagram below demonstrates how deductibles can affect insurance costs when researching cheap insurance for a school permit. The data is based on a single male driver, comp and collision included, and no discounts are factored in.
The data above shows that a 30-year-old driver could lower their policy premium by $352 a year by changing from a $100 deductible up to a $500 deductible, or save $530 by switching to a $1,000 deductible. Young drivers, such as the 20-year-old chart data, can save as much as $1,026 or even more just by choosing higher deductibles. If you do make the decision to raise your deductibles, it's a good idea to have plenty of discretionary funds to satisfy the extra out-of-pocket expense that deters many people from opting for higher deductibles.
The benefits of price comparisons
Lubbock insurance rates are influenced by many factors which can substantially decrease or increase the policy premium. Turning one year older, filing a claim, or having an accident may cause policy rate changes that can now make some companies cheaper than before.
In addition, car insurance companies change premium rates as often as every three months as an adjustment for underwriting gains or losses. Significantly higher losses may result in price increases, while a profitable period can result in cheaper Lubbock car insurance rates.
For instance, the data below shows which company has the cheapest car insurance in Lubbock, TX for a 30-year-old male driver with a good driving record, no prior claims, and good credit. If we look at prices based on his current situation, Travelers may have the best car insurance rates in Lubbock at $1,204 per year. This is $700 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty round out the rest of the top five cheapest Lubbock, TX auto insurance companies.
In the next rate comparison, we'll give the driver from the first rate comparison a chargeable claim, a lower credit rating, and an imperfect driving record. Due to the fact that every auto insurer has their own formula to determine rates, comparing prices may now show a different ranking of the cheapest Lubbock car insurance companies as shown below.
State Farm now has the lowest price on auto insurance in Lubbock, TX with USAA, Mercury, Nationwide, and Safe Auto also being competitive. This example shows why it is important to shop around with many companies to find the most economical insurance quotes for a school permit. Rates consist of many different factors and change frequently, so the cheapest option two years ago may now be priced much higher than other options.