Who Has Affordable Lubbock Car Insurance for 19 Year Olds?

Locating cost effective car insurance is not the easiest thing to accomplish, and figuring out which insurers offer the cheapest auto insurance rates for 19 year olds may require more quotes for comparison.

Each insurance company uses different criteria to set policy rates, so we’ll take a look at the overall cheapest auto insurance companies in Lubbock, TX. It’s a good idea to know that Lubbock auto insurance rates are based on many factors which can substantially change the price of coverage. This price fluctuation is why it is crucial to compare as many rates as possible to find affordable auto insurance quotes for 19 year olds. Insurance prices consist of many risk factors and can change substantially, so the most economical company three years ago may now be one of the more expensive options.

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Cheapest auto insurance in Texas ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,010
2 USAA $1,117
3 Texas Farm Bureau $1,247
4 Germania Mutual $1,256
5 Esurance $1,365
6 California Casualty $1,396
7 State Farm $1,495
8 Mercury $1,506
9 Nationwide $1,538
10 Safe Auto $1,549
11 Progressive $1,715
12 Allstate $1,718
13 Amica $1,723
14 GEICO $2,072
15 Home State $2,092
16 MetLife $2,183
17 Encompass $2,324
18 Unitrin $2,333
19 21st Century $2,421
20 Titan $2,594
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Travelers offers some of the cheapest car insurance rates in Lubbock at around $1,010 per year. This is $894 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the most economical Lubbock, TX insurance companies.

As illustrated above, if you are a policyholder with Germania Mutual and switched to USAA, you could earn an annual savings of roughly $139. Texas drivers with Esurance may save as much as $248 a year, and California Casualty policyholders might realize rate reductions of up to $279 a year.

If you want to find out if you’re overpaying, click here to start your free quote or visit any of the companies below.

Bear in mind that those premium estimates are averaged for all drivers and vehicles and and are not calculated with an exact zip code location for 19 year olds. So the car insurance company that fits your situation best may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.

The type of vehicle requiring coverage is a large factor when comparing the best cheap car insurance for 19 year olds. Vehicles with average performance, excellent safety ratings, or a low likelihood of having liability claims will cost substantially less to insure than fast, unsafe models. The next list ranks auto insurance rates for a handful of the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Lubbock, TX
Insured Vehicle Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $3,395
Honda CR-V LX 2WD $3,405
Ford Escape XLT 4WD $3,439
Toyota Prius $3,718
Ford Explorer XLT 2WD $3,791
Volkswagen Jetta SE 2.5 Station Wagon $3,956
Toyota RAV4 Sport 4WD $4,027
Dodge Grand Caravan Hero $4,032
Chevrolet Equinox LT 2WD $4,027
Chevrolet Malibu LT $4,070
Ford F-150 Lariat Crew Cab 2WD $4,080
Dodge Ram Quad Cab ST 2WD $4,100
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $4,148
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Prices above based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific location information which can increase or decrease insurance rates noticeably.

Looking at the data, vehicles like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Ford Explorer are most likely to be the more affordable vehicles to insure for teenage drivers. Rates will tend to be higher just due to the fact that there is more inherent risk for 19 year olds, but in general those specific models will most likely have the cheapest rates available.

The information below illustrates how your deductible choice can affect insurance costs when researching cheap insurance for 19 year olds. The premiums assume a single male driver, comp and collision included, and no discounts are applied.

In the chart above, a 50-year-old driver could lower rates by $314 a year by increasing from a $100 deductible up to a $500 deductible, or save $472 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could save as much as $1,026 or even more just by choosing higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it is important to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Careless driving habits raise Lubbock auto insurance rates

The best way to obtain good auto insurance prices in Texas for teenage drivers is to be a good driver and maintain a clean driving record. The example below demonstrates how traffic citations and accidents increase car insurance rates for different ages of insureds. The information is based on a single female driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.

The data charted above shows the average cost of auto insurance per year with a clean driving record and no accidents is $1,709. Receive one speeding ticket and the average cost increases to $1,937, an increase of $229 each year. Then include two accidents along with the one speeding ticket and the annual cost of auto insurance for 19 year olds increases to an average of $3,992. That’s an increase of $2,284, or $190 per month, just for being a little careless behind the wheel!

Cost of full coverage in Lubbock

Finding cheaper auto insurance is important to the majority of people, and one way to pay less for insurance for 19 year olds is to not buy full coverage. The illustration below compares auto insurance rates when comparing full coverage to liability only. The rate quotes are based on no claims, a clean driving record, $100 deductibles, single status, and no policy discounts are applied.

If averaged for all ages, full coverage costs $2,429 per year over and above liability coverage. That is a big expense that brings up the question when is the right time to remove full coverage. There is no definitive formula that works best for making the decision to drop comp and collision coverage, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s say your vehicle’s claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after the policy deductible has been paid. If premiums are more than $800 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are a few cases where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

How to find economical auto insurance for 19 year olds

Here are some thrifty ideas that can help drivers buy low-cost auto insurance.

The last tip is extraordinarily vital, as was discussed in this article. Coverage rates vary greatly, so drivers shouldn’t be resistant to buy from a different company if a cheaper rate is available.

Many drivers prefer to stick with one company, but it’s not recommended if it’s costing you potentially thousands of dollars a year. Take a couple minutes and compare prices to find cheaper car insurance for 19 year olds in Lubbock.

If you would rather have the advice of a professional agent when buying car insurance for teenage drivers, the agents below can probably help you determine which car insurance policy is best. To locate a Lubbock auto insurance agent closest to you, click the button below the list or click here to compare price quotes.

Tommy Reece – State Farm Insurance Agent
3114 50th StLubbock, TX 79413(806) 793-0646

Shamburger Agency
12215 Quaker AveLubbock, TX 79424(806) 783-8959

The Shropshire Agency, Inc.
5812 66th StLubbock, TX 79424(806) 763-7311

Ana Borrego – State Farm Insurance Agent
8001 Quaker Ave STE GLubbock, TX 79424(806) 745-2555

View more Lubbock, TX insurance agents