Buying economical auto insurance for a Toyota Camry is dependent upon many rating factors such as whether you are male or female, if you have a tendency to file claims, and driving citations. Drivers in Texas pay approximately $1,538 a year to insure their Camry, but that figure is a valuation based upon a 30-year-old single female driver with full coverage and $100 deductibles.
This brings up the issue that more than likely you’re not a 30-year-old female, married instead of single, and maybe your Camry is older and does not require full coverage. Just a very minor change in rating criteria can result in a large change in the cost of insuring your Camry.
This demonstrates why the best method for finding the cheapest insurance price for your Toyota is to do your own rate comparisons. Comparing quotes is easy and you will receive prices from some of the cheapest companies that sell coverage in Texas.
The trim level of your vehicle will influence the cost of coverage, so the price to insure a Camry LE model will be $268 less than the cost to insure the more expensive Camry Hybrid model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium amounts do not factor in zip code location which can affect premiums noticeably.
Ending up with a good quality car insurance provider can be a challenge considering how many different companies there are to choose from in Lubbock. The ranking data listed below could help you analyze which car insurance companies you want to consider comparing rates from. These ratings are only made up of major nationwide insurance companies, so companies with more of a regional focus will not be included in this list.
Top 10 Major Auto Insurance Providers in Lubbock Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Major Auto Insurance Providers Overall in Lubbock
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Illustration showing the impact of accidents and violations
The common sense way to obtain good car insurance premiums in Lubbock for a Camry is to be an attentive driver and not have accidents or get tickets. The example below shows how violations and at-fault accidents can raise insurance rates for different age groups. The premium estimates are based on a married female driver, full coverage, $1,000 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of car insurance in Lubbock per year with a clean driving record and no accidents is $1,653. Receive two speeding tickets and the average cost increases to $2,339, an increase of $686 each year. Now include two accidents along with the two speeding tickets and the yearly cost of car insurance for a Toyota Camry increases to an average of $5,192. That’s an increase of $3,538, or $295 per month, just for not driving responsibly!
Your low-price policy may be costing you money
Texas car insurance rates are calculated based on many things which can significantly increase or decrease the price of coverage. Simply turning a year older, filing a claim, or getting a few speeding tickets may prompt premium changes that may make certain companies more affordable than the competition. Additionally, insurers change rates without warning to adjust for gains or losses. Significantly higher losses can cause high rates, while lower claim expenses can cause lower-cost Camry insurance rates.
The graph below compares the cheapest car insurance in Lubbock, TX for a 40-year-old female driver with a clear driving record, no claims, and excellent credit. When quoting prices based on her personal profile, Travelers may have the lowest car insurance rates in Lubbock at $1,154 each year. This is $750 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the best Lubbock, TX auto insurance companies.
Now let’s give the driver from the first set of rates some claims, a lower credit rating, and a stop sign violation. Since each auto insurance company uses a different method for setting rates, comparing rates may now show a different ranking of affordable Lubbock car insurance companies as shown below.
Mercury now has the best auto insurance rate in Lubbock, TX with State Farm, Nationwide, USAA, and Safe Auto completing the list. This illustrates why consumers need to perform an extensive rate comparison to get the best car insurance quotes for a Toyota Camry.
Car insurance prices are calculated by many things and can change without notice, so the best company when you last compared rates may now be costing you a lot of money.
How to find economical insurance for a Toyota Camry
The list below details some money-saving solutions that can help Lubbock drivers get lower-cost coverage.
- Get cheaper liability coverage by choosing a safer vehicle
- Increase the comprehensive and collision deductibles on your policy
- Don’t waste money on full coverage for older vehicles
- Buy your auto and home insurance from the same company and save
- Having too many claims will increase rates substantially
- Good credit can help you save money
- Compare prices frequently to find the best deal
That last piece of advice is extremely valuable, as was noted in this piece. Auto insurance rates in Lubbock fluctuate constantly, so don’t be afraid to buy a policy from a new company if a better rate can be found. Brand loyalty is not necessarily bad, but we do not recommend it if that inflexibility results in costing you a lot of money every month. Take a few minutes and compare prices and find cheaper auto insurance for a Toyota Camry.
The agents shown below can probably answer your questions and help you decide which is the best policy, since lots of people like to get some professional input when trying to find the best insurance rates for a Toyota Camry. It can be difficult to find coverage yourself, and getting professional guidance from a licensed agent can provide you satisfaction knowing you have adequate coverage if you have an accident or claim.
To locate a Lubbock insurance agent in your neighborhood, click the button at the bottom of the list or click here to compare price quotes now.
Jason Grisham – State Farm® Insurance Agent
1102 Slide Rd, 33 – Lubbock, TX 79416 – (806) 793-3101
Allstate Insurance Agent: Doug Townsend
3901 84th St – Lubbock, TX 79423 – (806) 698-1611
7335 82nd St # 4 – Lubbock, TX 79424 – (800) 701-5909
Bledsoe Insurance Agency
5143 69th St – Lubbock, TX 79424 – (806) 794-8686
David Tate Insurance Agency LLP
5233 79th St – Lubbock, TX 79424 – (806) 794-1177