Who Has Affordable Auto Insurance Quotes for Unemployed Drivers in Lubbock?

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The words "economical" and "auto insurance" probably shouldn't be used together, in particular when looking for the best insurance rates for unemployed drivers. Because of the high cost, let's start off by going over some things that impact auto insurance rates, and find a few ways to cut the cost of the next policy you buy.

The make and model of vehicle requiring insurance is probably the biggest factor when quoting the most affordable coverage for unemployed drivers. Vehicles with high performance engines, poor safety ratings, or a track record of large liability claims will cost much more to insure than safer, lower-performance models.

The table below estimates coverage costs for some of the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Lubbock, TX
Vehicle Estimated Cost for Full Coverage
Honda Accord EX-L 4-Dr Sedan $1,029
Honda CR-V LX 2WD $1,069
Ford Escape XLS 4WD $1,077
Ford Focus SE 4-Dr Sedan $1,102
Chevrolet Equinox LS AWD $1,121
Ford Edge SE 2WD $1,137
Dodge Grand Caravan SXT $1,143
Toyota Prius $1,154
Honda Odyssey LX $1,176
Toyota Corolla LE $1,181
Ford F-150 XLT Super Cab 4WD $1,185
Ford Fusion SE 4-Dr Sedan $1,203
Nissan Rogue SL 2WD $1,212
Dodge Ram Crew Cab ST 4WD $1,224
GMC Sierra 3500HD SLE Regular Cab 2WD $1,234
Chevrolet Silverado LT Extended Cab 4WD $1,229
Toyota RAV4 4WD $1,235
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Information does not factor in Lubbock, TX location which can raise or lower auto insurance rates considerably.

Looking at the data, you can infer that makes and models like the Honda Accord, Honda CR-V, Ford Escape, and Ford Focus will definitely be a few of the less-costly vehicles to insure for the unemployed.

Shopping around for affordable car insurance is not the easiest thing to do, and determining which company offers the best auto insurance rates for unemployed drivers will take a bit more work. Each insurer uses different criteria for determining rates, so first we will examine the auto insurance companies with the overall best prices in Texas.

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Rankings for the cheapest Texas auto insurance companies
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,117
3 Texas Farm Bureau $1,235
4 Germania Mutual $1,256
5 Esurance $1,365
6 California Casualty $1,438
7 State Farm $1,450
8 Mercury $1,461
9 Nationwide $1,553
10 Safe Auto $1,613
11 Progressive $1,698
12 Allstate $1,701
13 Amica $1,757
14 GEICO $2,135
15 Home State $2,155
16 MetLife $2,161
17 Unitrin $2,264
18 Encompass $2,324
19 21st Century $2,396
20 Titan $2,646
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Travelers quotes some of the cheapest car insurance rates in Lubbock at around $1,021 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the cheapest Lubbock, TX car insurance companies.

In this example, if you currently have a policy with Germania Mutual and switched to USAA, you may see annual savings of about $139. Insureds with Esurance might save as much as $248 a year, and California Casualty customers might lower prices by $321 a year.

Be aware that those policy prices are averages across all drivers and vehicles in Texas and and are not calculated with an exact zip code location for unemployed drivers. So the insurer that has the cheapest price for you may not even be in the list above. That illustrates why you need to quote rates from many companies using your own personal information and vehicle type.

For the unemployed, one of the big considerations that are looked at to determine car insurance rates is where you live in Lubbock. Cities with larger populations tend to have more expensive auto insurance rates, whereas areas that tend to be more rural tend to receive cheaper rates.

The following table rates the most expensive areas in Texas for unemployed drivers to buy auto insurance in. Lubbock comes in at #12 with an annual premium of $1,716 for car insurance, which is about $143 each month.

How much does car insurance cost in Lubbock, TX?
Rank City Premium Per Year
1 McAllen $1,936
2 Brownsville $1,927
3 Laredo $1,907
4 Dallas $1,855
5 Houston $1,853
6 Pasadena $1,812
7 Amarillo $1,804
8 Garland $1,778
9 Mesquite $1,753
10 Grand Prairie $1,740
11 Irving $1,719
12 Lubbock $1,716
13 Beaumont $1,702
14 San Antonio $1,688
15 Fort Worth $1,670
16 Arlington $1,642
17 Austin $1,627
18 McKinney $1,625
19 Carrollton $1,598
20 Plano $1,576
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Annual rates are approximated as the specific garaging location can revise insurance rates greatly.

Discount Lubbock auto insurance rates

Auto insurance for the unemployed in Lubbock, TXInsurance providers that provide policies for unemployed drivers could also offer price discounts that can lower rates by as much as 35% or more if you qualify. Companies and some of the discounts can be read below.

The illustration below visualizes the comparison of yearly insurance costs with and without discounts applied. Data assumes a male driver, no claims or driving citations, Texas state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple vehicle, safe-driver, multiple policy, vehicle safety, homeowner, and passive restraint discounts applied. When taking advantage of discounts, theaverage yearly reduction on auto insurance for unemployed drivers is 28% or $745.

The illustration below shows how choosing a deductible can affect insurance rates when researching cheap insurance for unemployed drivers. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.

The chart above illustrates that a 40-year-old driver could cut expenses by $440 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $660 by using a $1,000 deductible. Younger drivers, like the 20-year-old, can save up to $1,446 or even more by using higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it is necessary to have enough spare savings to be able to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Selecting the right insurance provider can be challenging considering how many choices there are in Texas. The rank data in the next section can help you select which car insurance providers you want to consider comparing price quotes from.

The rankings below are only comprised of companies that write coverage in many states, so companies that focus mainly on Texas business will not be included in these rankings. To compare rates and find the cheapest rates for unemployed drivers, click this link.

Top Ten Auto Insurance Companies for Unemployed Drivers in Texas
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
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Data Source: Insure.com Best Car Insurance Companies

You may be paying too much for car insurance

Lubbock, TX auto insurance rates are based on many factors which can substantially change the cost of coverage. Turning one year older, buying a new vehicle, or getting caught speeding can produce rate changes that may make certain companies much cheaper than others. In addition, auto insurance companies file new Texas auto insurance rates as often as every three months to adjust for heavy claims or excess profits. Higher than usual claims may cause price increases, while profitable underwriting can cause cheaper Lubbock car insurance rates.

The data below shows the company with the cheapest car insurance in Lubbock, TX for a 35-year-old male driver with no accidents, a clean driving record, and a decent credit rating. When comparing rates based on his personal risk profile, Travelers might offer the lowest car insurance rates in Lubbock at $1,109 annually. This is $795 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest Lubbock, TX auto insurance companies.

In this next rate comparison, we will give the driver from the above example an accident claim, slightly worse credit, and a speeding citation. Because each insurer has a unique formula to set their prices, comparing quotes will most likely result in a new list of companies as shown below.

USAA now has the lowest car insurance rate in Lubbock, TX with State Farm, Mercury, Nationwide, and Safe Auto now rounding out the top five. This demonstrates why Lubbock drivers need to shop around to find the lowest car insurance rates for unemployed drivers. Insurance prices are influenced by many things and can change without notice, so the best option three years ago may now cost much more than other companies.