What Auto Insurance is Cheapest for Drivers Over Age 70 in Lubbock?

One of the more important things that are used to help calculate auto insurance rates is where you call home in Lubbock. Regions with larger populations or more claims likely pay more, whereas less populated areas have the benefit of cheaper car insurance.

The following table lists the most costly cities in Texas for drivers over age 70 in which to buy car insurance. Lubbock ranks #14 costing $1,716 for the average insurance policy, which is about $143 monthly.

How much does auto insurance cost in Lubbock?
Rank City Premium Per Year
1 McAllen $2,016
2 Dallas $1,911
3 Houston $1,909
4 Laredo $1,907
5 Brownsville $1,870
6 Garland $1,850
7 Grand Prairie $1,793
8 Irving $1,789
9 Amarillo $1,786
10 Beaumont $1,772
11 Mesquite $1,771
12 Pasadena $1,758
13 San Antonio $1,722
14 Lubbock $1,716
15 Austin $1,676
16 Fort Worth $1,670
17 Arlington $1,658
18 Corpus Christi $1,636
19 Plano $1,624
20 Carrollton $1,598
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Premium costs are comparative as vehicle location can raise or lower price quotes noticeably.

Finding reliable, low-cost auto insurance is confusing at best, and finding out which company has the cheapest insurance rates for drivers over age 70 will require even more diligence.

Every car insurance company uses different criteria to set premium rates, so let’s take a look at the insurance companies with the overall best prices in Texas. It’s important that readers know that Lubbock, TX insurance rates are calculated based on many things which can substantially decrease or increase your annual premium. Events such as a birthday, increasing deductibles, or having a fender bender may cause policy rate changes that can cause some rates to be more affordable than competitors.

Cheap Insurance Rates for Age 70+

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Cheapest Texas car insurance ranked by price
Rank Company Cost Per Year
1 Travelers $1,010
2 USAA $1,084
3 Texas Farm Bureau $1,199
4 Germania Mutual $1,294
5 Esurance $1,365
6 California Casualty $1,438
7 State Farm $1,465
8 Mercury $1,521
9 Nationwide $1,538
10 Safe Auto $1,549
11 Allstate $1,650
12 Amica $1,705
13 Progressive $1,715
14 Home State $2,134
15 GEICO $2,135
16 MetLife $2,227
17 Encompass $2,232
18 Unitrin $2,264
19 21st Century $2,469
20 Titan $2,568
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Travelers may offer some of the best car insurance rates in Lubbock at around $1,010 each year. This is $894 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the most economical Lubbock, TX insurance companies.

As the example above demonstrates, if you are currently insured with Esurance and switched to USAA, you could earn savings of in the neighborhood of $281. Texas drivers with California Casualty could save as much as $354 a year, and State Farm insureds might reduce rates by $381 a year.

To see if your current coverage is too expensive, click here to start your custom quote or quote prices from the following companies.

These rates are averaged across all drivers and vehicles in Texas and do not factor in a specific location for drivers over age 70. So the auto insurance company that has the cheapest price for you may not even be in the list above. That points out the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.

The make and model of vehicle driven is a large factor when shopping around for low-priced car insurance for drivers over age 70. Vehicles with high performance engines, a lack of safety features, or a track record of large liability claims will cost much more to insure than safer models.

The next table ranks insurance rates for a selection of the most affordable automobiles to insure.

Cheapest Vehicles to Insure in Lubbock, TX
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,214
Ford Escape XLS 2WD $1,222
Toyota Prius $1,325
Ford Explorer XLT 4WD $1,363
Chevrolet Impala LS $1,420
Toyota RAV4 2WD $1,438
Ford F-150 Lariat Super Cab 2WD $1,456
Chevrolet Malibu LT $1,465
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,456
Dodge Grand Caravan Crew $1,464
Ford Focus SES 4-Dr Sedan $1,497
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,504
Hyundai Elantra GLS 4-Dr Sedan $1,515
Toyota Corolla LE $1,522
Ford Edge Limited AWD $1,515
Honda Odyssey Touring $1,533
Jeep Grand Cherokee Limited 4WD $1,539
Chevrolet Silverado 2500HD LT Crew Cab 4WD $1,533
Chevrolet Equinox LTZ AWD $1,542
GMC Sierra SLE Extended Cab 4WD $1,533
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Above prices assume single male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Price estimates do not factor in specific location information which can lower or raise price quotes considerably.

By looking at the data, you can see that makes and models like the Honda CR-V, Ford Escape, and Toyota Prius will definitely be some of the less-costly vehicles to insure for older drivers. The price for an auto insurance policy will tend to be more expensive anyway just due to the fact that there is more liability exposure for drivers over age 70, but in general those specific models will probably have the best insurance prices possible.

Liability rates compared to full coverage

Reducing premiums for insurance is the goal of the majority of drivers, and one common way to pay less for insurance for drivers over age 70 is to only buy liability insurance. The chart below illustrates the difference between car insurance rates with full physical damage coverage and with liability coverage only. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

As an average, physical damage insurance costs an extra $2,131 per year more than carrying just liability coverage. That proposes the question when is it safe to stop buying full coverage. There is no exact formula to delete physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $7,000 after the deductible is paid. If premium cost is more than $700 a year for full coverage, then it might be time to consider dropping full coverage.

The diagram below demonstrates how deductibles can change insurance rates when researching cheap insurance for drivers over age 70. The information is based on a single male driver, full coverage, and no discounts are taken into consideration.

As shown above, a 30-year-old driver could save $476 a year by switching from a $100 deductible up to a $500 deductible, or save $716 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could potentially save up to $1,414 or more by choosing a higher deductible. When choosing a higher deductible, it is essential to have enough savings set aside to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Low rates can quickly become overpriced

Lubbock, TX insurance rates are impacted by many factors which can significantly increase or decrease the cost of your policy. Simply having a birthday, moving to a different location, or getting into an accident can cause premium changes resulting in some companies being cheaper than competitors.

Not only may your situation change, but auto insurance companies modify pricing as often as every three months to adjust for unexpected claims or profits. Larger than normal claims can result in rate hikes, while long-term profits can cause more affordable Lubbock car insurance rates.

As an example, the chart below shows the company with the cheapest car insurance in Lubbock, TX for a 35-year-old male driver with a clear driving record, no claims, and good financial standing. When quoting prices based on his current situation, Travelers might quote the best car insurance rates in Lubbock at $1,177 per year. This is $727 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remaining most affordable Lubbock, TX auto insurance companies.

The example below compares rates after we give the driver from the first set of rates an accident surcharge, poor credit, and a blemish on his driving record. Since each auto insurance company has their own process to set premium rates, analyzing rate quotes may now show a substantially altered list of the cheapest car insurance companies in Lubbock as shown below.

State Farm now has the cheapest auto insurance in Lubbock, TX with Mercury, Safe Auto, Nationwide, and Texas Farm Bureau now rounding out the top five. This example demonstrates why drivers need to perform a complete rate comparison to find the cheapest auto insurance quotes for drivers over age 70. Prices consist of many factors and can increase or decrease at any time, so the most economical company the last time you compared rates may now be one of the more expensive options.

How to find low-cost car insurance for drivers over age 70

Lowering your rates is not difficult, and here are some of the recommended thrifty ideas that can help Texas drivers locate lower-cost coverage.

That last piece of advice is highly crucial, as we pointed out in the article above. Insurance prices go up and down frequently, so don’t be tentative to change insurance companies if you can save money.

Staying with the same company for years is fine, but it isn’t a good idea if that loyalty ends up costing hundreds every year. Now is a great time to shop around and find cheaper insurance for drivers over age 70 in Lubbock.

If you aren’t sure which coverage you need and prefer to get some help when trying to find lower insurance rates for drivers over age 70, the agents below are willing to provide answers to your questions and help you determine which insurance coverage you need. To locate a Lubbock car insurance agency closest to you, click the link after the list or click here to get price quotes now.

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