What Insurance is Cheapest for Drivers Requiring a SR22 in Lubbock?

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The words "economical" and "insurance" really shouldn't be used together, especially when trying to find the cheapest car insurance for drivers requiring a SR22. In an attempt to save some money, let's lead off by showing you some of the things that help determine auto insurance prices, and see how we can help you lower the price of your next policy.

For high risk drivers, one of the more important things that are used to help calculate auto insurance rates is where you live. 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 gratification of cheaper auto insurance rates.

The table below sorts the priciest cities in Texas for drivers requiring a SR22 to purchase auto insurance in. Lubbock shows up at #13 having an annual price of $1,716 for coverage, which is approximately $143 per month.

How much does car insurance cost in Lubbock, TX?
Rank City Average Per Year
1 McAllen $2,016
2 Brownsville $1,927
3 Houston $1,909
4 Dallas $1,855
5 Laredo $1,851
6 Garland $1,796
7 Grand Prairie $1,793
8 Amarillo $1,786
9 Irving $1,772
10 Beaumont $1,772
11 Mesquite $1,771
12 Pasadena $1,740
13 Lubbock $1,716
14 Arlington $1,709
15 San Antonio $1,688
16 Austin $1,676
17 Fort Worth $1,621
18 Corpus Christi $1,620
19 Carrollton $1,615
20 Plano $1,576
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Prices are estimated as the vehicle garaging location can raise or lower prices considerably.

Finding out which companies have the cheapest car insurance rates for drivers requiring a SR22 will take more time in order to find the most economical policy. Every insurance company uses their own method for setting rates, so let's take a look at the lowest cost car insurance companies in Lubbock.

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Texas auto insurance company rankings
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,117
3 Texas Farm Bureau $1,211
4 Germania Mutual $1,282
5 California Casualty $1,396
6 Esurance $1,421
7 State Farm $1,495
8 Mercury $1,506
9 Nationwide $1,600
10 Safe Auto $1,613
11 Allstate $1,667
12 Progressive $1,698
13 Amica $1,775
14 GEICO $2,093
15 Home State $2,155
16 MetLife $2,249
17 Encompass $2,255
18 Unitrin $2,333
19 21st Century $2,494
20 Titan $2,594
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Travelers may offer some of the lowest car insurance rates in Lubbock at around $1,041 a year. This is $863 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also make the list of some of the cheapest Lubbock, TX auto insurance companies.

As the example above demonstrates, if you are insured with California Casualty and switched to USAA, you could see an annual savings of about $279. Texas drivers with Esurance may save as much as $304 a year, and State Farm policyholders might reduce prices by as much as $378 a year.

Be aware that those policy rates are averages across all types of insureds and vehicles and do not take into consideration an exact location for drivers requiring a SR22. So the company that fits your situation best may not even be in the list above. That point stresses why you need to get rate quotes from many companies using your own personal information and vehicle type.

The car, truck, or SUV you are buying coverage for is a large consideration when comparison shopping for the cheapest coverage for drivers requiring a SR22. Vehicles with lower performance, good safety features, or a low likelihood of liability claims will cost substantially less to insure than adrenaline junky models. The next list presents car insurance prices for a number of the cheapest vehicles to buy insurance for.

Cheapest Vehicles to Insure in Lubbock, TX
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLS 4WD $3,706
Honda Accord LX-P 4-Dr Sedan $3,747
Honda CR-V EX-L 4WD $3,794
Toyota Prius $4,037
Dodge Grand Caravan SE $4,069
Chevrolet Impala LS $4,223
GMC Sierra SL Extended Cab 2WD $4,263
Toyota RAV4 Limited 4WD $4,268
Toyota Camry LE $4,390
Toyota Tacoma Double Cab 4WD $4,395
Volkswagen Jetta S 4-Dr Sedan $4,390
Hyundai Elantra Blue 4-Dr Sedan $4,417
Toyota Corolla XLE $4,458
Honda Odyssey EX-L W/Rear Entertainment $4,466
Ford Explorer Limited 4WD $4,483
Ford Fusion SE 4-Dr Sedan $4,499
Chevrolet Equinox LTZ AWD $4,504
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Data variables include single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in vehicle garaging location which can influence price quotes substantially.

Based upon these rates, we can infer that models like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius will definitely be a few of the cheaper vehicles to insure for high risk drivers. Auto insurance rates will trend higher because there is more inherent risk for drivers requiring a SR22, but overall those specific models will probably have the least expensive rates possible.

The chart below illustrates how your choice of deductibles can increase or decrease yearly insurance costs when quoting cheap insurance for drivers requiring a SR22. The data is based on a single female driver, full coverage, and no policy discounts are applied.

In the chart above, a 50-year-old driver could save $302 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $456 by selecting a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could roll back prices as much as $766 or more by choosing a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is a good idea to have additional funds squirreled away to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Illustration showing the impact of accidents and violations

The easiest method to obtain low car insurance prices in Texas for high risk drivers is to pay attention while driving and avoid tickets and accidents. The example below shows how traffic citations and at-fault fender-benders can affect insurance rates for different ages of insureds. The price estimates are based on a married female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

In the prior example, the average cost of an auto insurance policy in Lubbock per year with no violations or accidents is $2,242. Add in two speeding tickets and the average cost increases to $3,202, an increase of $960 each year. Now throw in one accident along with the two speeding tickets and the yearly cost of car insurance for drivers requiring a SR22 goes up to an average of $4,187. That's an increase of $1,945, or $162 per month, just for not maintaining a clean driving record!

Why you should compare rates

Lubbock car insurance rates are determined by lots of factors which can significantly increase or decrease the price of coverage. Simply turning a year older, buying a new vehicle, or getting a ticket for running a stop sign can trigger changes in premium that may make certain companies affordable when they were higher priced.

In addition, auto insurance companies modify pricing as often as every quarter to adjust for heavy claims or excess profits. Higher than normal claims may result in more expensive prices, while better underwriting may result in cheaper Lubbock car insurance rates.

To help illustrate this point, the graph below shows which company has the cheapest car insurance in Lubbock, TX for a 35-year-old female driver with a clean driving record, no accidents, and great credit. If we estimate rates based on her current risk profile, Travelers may have the most affordable car insurance rates in Lubbock at $1,179 a year. This is $725 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also included in the cheapest Lubbock, TX auto insurance companies.

Now we will pretend the driver from the first rate comparison a couple of claims, less-than-perfect credit, and a few traffic violations. Since each insurance company has a different formula for determining rates, comparing prices could result in a substantially altered list of cheap Lubbock auto insurance companies as shown below.

Mercury now has the cheapest auto insurance in Lubbock, TX with State Farm, Nationwide, Safe Auto, and USAA now rounding out the top five. This example proves why it is important to perform an extensive rate comparison to get the lowest car insurance rates for drivers requiring a SR22.

Car insurance prices are determined by many things and change substantially, so the lowest-price company when you bought your policy may now be an over-priced policy.