The vehicle that is being insured is a large consideration that determines if you can find the most economical coverage for government employees. Vehicles with lots of speed or power, poor crash test ratings, or a track record of large liability claims will cost more to insure than more modest models. The table below shows car insurance rates for a handful of the cheapest automobiles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Dodge Grand Caravan CV||$1,177|
|Ford Escape XLT 2WD||$1,188|
|Honda CR-V EX-L 4WD||$1,219|
|Toyota Tacoma 2WD||$1,221|
|Chevrolet Equinox LT AWD||$1,244|
|Toyota RAV4 Sport 2WD||$1,254|
|Ford Explorer Eddie Bauer AWD||$1,269|
|Hyundai Elantra SE 4-Dr Sedan||$1,311|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,316|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,339|
|Ford Focus SE 4-Dr Sedan||$1,348|
|Ford Edge SEL 2WD||$1,339|
|Volkswagen Jetta LE 4-Dr Sedan||$1,364|
|Chevrolet Impala LT||$1,370|
|Chevrolet Malibu Hybrid||$1,364|
|Honda Odyssey EX W/Rear Entertainment||$1,373|
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate information does not factor in specific location information which can impact premium rates substantially.
Based upon these rates, we can expect vehicles like the Dodge Grand Caravan, Ford Escape, Honda CR-V, Toyota Tacoma, and Chevrolet Equinox are likely to be some of the most economical vehicles to insure for state and federal workers.
For state and federal workers, one of the big criteria that are used to help calculate the amount you pay each year for auto insurance is your zip code in Lubbock. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The next table ranks the most costly cities in Texas for government employees to purchase a policy in. Lubbock is ranked at #12 with a yearly premium of $1,733 for car insurance, which is about $144 monthly.
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Rate quotes are approximated as the specific garaging location can decrease or increase prices greatly.
Finding out which companies quote the cheapest auto insurance rates for government employees involves a tad more effort in order to find a policy that fits your budget. Every insurance provider has a unique approach for filing rates in each state, so let’s look at the rankings for the auto insurance companies with the overall cheapest rates in Lubbock, TX.
We do need to point out that Lubbock auto insurance rates are determined by lots of factors that will increase or decrease the cost of a policy. Simply having another birthday, having a claim, or having a fender bender can cause premium changes resulting in some companies being cheaper in comparison to the competition.
Cheap Insurance Rates in Texas
Travelers offers some of the most affordable car insurance rates in Lubbock at around $1,052 per year. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance also qualify as some of the cheaper Lubbock, TX auto insurance companies.
As shown in the table above, if you are a customer of USAA and switched to Travelers, you could earn a yearly price reduction of upwards of $43. Insureds with Germania Mutual may save as much as $192 a year, and Texas Farm Bureau insureds might reduce rates by $195 a year.
It’s important to note that these premium estimates are averages across all drivers and vehicles in Texas and do not factor in an exact vehicle garaging location for government employees. So the car insurance company that is most affordable for your situation may not even be in the top 23 companies in the list above. That emphasizes why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
Difference between full coverage and liability only rates
Reducing premiums for auto insurance is important to most people, and one of the easiest ways to save on the cost of insurance for government employees is to not insure for full coverage. The chart below shows the comparison of yearly insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims or violations, $250 deductibles, drivers are single, and no discounts are factored in.
As an overall average, physical damage coverage costs an additional $2,000 per year more than just buying liability only. That proposes the question if physical damage coverage is worth the money. There is no clear-cut rule that works best for making the decision to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.
There are some cases where buying only liability insurance is not advised. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.
The example below illustrates how your deductible choice can raise or lower insurance costs when researching cheap insurance for government employees. The price estimates are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.
In the chart above, a 30-year-old driver could reduce rates by $302 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $456 by using a $1,000 deductible. Even younger insureds, such as the Age 20 example, could save up to $646 or even more by selecting a higher deductible. When increasing deductibles, it will be necessary to have enough in a savings account to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Why you should be shopping around
Lubbock, TX auto insurance rates are impacted by many things which can significantly increase or decrease the price you have to pay for coverage. Simply improving your credit, moving to a different location, or getting a couple of tickets can trigger price changes that can cause some rates to be more affordable than before. In addition, insurance companies change the rates they charge in Texas multiple times each year to ensure their profitability. Higher than normal claims may cause increased rates, while a lower level of claims may cause lower-priced Lubbock car insurance rates.
The graph below shows the cheapest car insurance in Lubbock, TX for a 30-year-old female driver with no accidents or violations, and good credit. Based on her current risk factors, Travelers may have the best car insurance rates in Lubbock at $1,180 a year. This is $724 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the cheapest Lubbock, TX auto insurance companies.
In this example, we will give the driver from the first set of rates some claims, a lower credit rating, and an imperfect driving record. Since each auto insurer uses their own method for filing rates in each state, analyzing rate quotes may now result in a substantially altered list of companies as shown below.
State Farm now has the best price in Lubbock, TX with Mercury, Nationwide, Safe Auto, and USAA also having competitive pricing. This example shows why it is crucial to compare many different companies to get the lowest car insurance rates for government employees.
Prices consist of many risk factors and can change without notice, so the most economical company six months ago may now be quite expensive.
How to find budget-friendly insurance for government employees
The list below details some of the better thrifty ideas that can help drivers locate more affordable coverage.
- Remain accident-free and save
- Claim-free policyholders usually earn a discount
- Drop full coverage on older vehicles
- Get cheaper liability coverage by choosing a safer vehicle
- Save money by observing traffic laws and speed limits
- Bundle home and auto and save
- Compare rates and switch if you can find a better deal
The last tip is particularly critical, as we discussed in the prior information. Prices charged by auto insurers in Lubbock change constantly, so don’t be hesitant to change to a new company if you find a better deal. Being loyal to a particular company is commendable, but we do not recommend it if that dedication is costing thousands of dollars over several years. Take a couple minutes and shop around and find cheaper car insurance for government employees.
The Lubbock car insurance agencies listed below can help you determine which coverages you need, since lots of people like to have some advice when shopping for the best coverage for state and federal workers. It’s not always easy to find the cheapest car insurance policy, so getting professional guidance from a licensed agent can bring satisfaction knowing your policy gives you adequate protection.
To locate a Lubbock insurance agent close to you, click the button after the list or click here to compare prices now.
Maria Valeriano Insurance Agency
4210 50th St – Lubbock, TX 79413 – (806) 780-6622
Rick Rosas – State Farm Insurance Agent
6102 82nd St #12b – Lubbock, TX 79424 – (806) 776-3276
12215 Quaker Ave – Lubbock, TX 79424 – (806) 783-8959
Ana Borrego – State Farm Insurance Agent
8001 Quaker Ave STE G – Lubbock, TX 79424 – (806) 745-2555
Sanford and Tatum Insurance Agency
5241 98th St – Lubbock, TX 79424 – (806) 792-5564