I'm sure you've seen the catchy commercials from companies like Nationwide and The General guaranteeing enormous savings. So you should just select the one with the best jingle, right?
Unfortunately, it's not that simple as there are a lot of unknown factors such as the type of vehicle you drive, whether or not you are currently insured, and when you were born. This article should teach you a little about the best ways to avoid paying too much and hopefully give you enough understanding to have a good start to your coverage search.
Finding dependable, cost effective car insurance is confusing at best, and deciding which company quotes the best car insurance rates for drivers under 25 calls for even more rate comparisons. Each insurance company uses a little different formula to set their prices, so first we will examine the most affordable car insurance companies in Texas.
We do need to point out that Lubbock car insurance rates are impacted by many things that may substantially change the price you pay for coverage. Things like having a birthday, buying a different vehicle, or getting a speeding ticket may cause policy rate changes that can make some companies more affordable than others.
Best Car Insurance Prices for Young Drivers
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
|Find Cheaper Rates Go|
Travelers normally has some of the best car insurance rates in Lubbock at around $1,021 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the most economical Lubbock, TX insurance companies.
In the above example, if you currently have a policy with USAA and switched to Travelers, you may see savings of upwards of $96. Texas drivers with Texas Farm Bureau may save as much as $178 a year, and Germania Mutual insureds might reduce prices by as much as $273 a year.
Be aware that those prices are averaged across all drivers and vehicles and do not take into consideration a specific zip code for drivers under 25. So the car insurance company that fits your needs best may not even be in the top 23 companies in the list above. That helps illustrate why you need to get quotes using your own driver and vehicle profiles.
One of the more important considerations that determine car insurance rates is your zip code. Cities with more crime and/or more people tend to have higher auto insurance costs, whereas less populated areas have the enjoyment of a little cheaper coverage.
The following table sorts the highest-priced places in Texas for drivers under 25 to buy auto insurance in. Lubbock is ranked #13 costing $1,716 for the average policyholder, which is about $143 per month.
|Rank||City||Premium Per Year|
|Find Cheaper Insurance Go|
Rate information is approximated as zip code location can increase or decrease premiums greatly.
The vehicle model you are insuring is one of the largest factors that determines if you can find cheaper coverage for drivers under 25. Vehicles with higher performance, a lack of advanced safety features, or a high likelihood of having liability claims will cost significantly more to insure than safer models. The information below ranks auto insurance rates for a selection of the more affordable vehicles to insure in Texas.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,554|
|Ford Escape Limited 2WD||$2,592|
|Honda CR-V EX-L 2WD||$2,601|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$2,805|
|Toyota Tacoma 4WD||$2,843|
|Ford Explorer XLT 2WD||$2,850|
|Dodge Grand Caravan CV||$2,843|
|Ford Focus SE 4-Dr Sedan||$2,995|
|Volkswagen Jetta 2.0T Station Wagon||$3,011|
|Toyota Camry LE||$3,034|
|GMC Sierra SLE Crew Cab 2WD||$3,044|
|Toyota RAV4 Limited 4WD||$3,034|
|Chevrolet Equinox LT AWD||$3,041|
|Ford Edge Sport 2WD||$3,224|
|Chevrolet Impala LTZ||$3,234|
|Toyota Corolla LE||$3,224|
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Cost estimates assume single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in specific Lubbock, TX garaging location which can raise or lower auto insurance rates considerably.
By looking at the data, you can conclude that makes and models like the Honda Accord, Ford Escape, Honda CR-V, Jeep Wrangler, and Toyota Prius are going to be the most affordable vehicles to insure for drivers age 25 and younger. Auto insurance rates will trend higher because of the fact that there is more claim risk for drivers under 25, but generally speaking those models will tend to have the best insurance prices compared to other types of vehicles.
Drive responsibly or pay higher rates
In a perfect world, the ideal way to maintain low car insurance premiums in Texas for drivers age 25 and younger is to drive carefully and avoid accidents and keep your driving record clean. The example below highlights how speeding tickets and at-fault accidents can increase car insurance costs for each age group. The rates are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,598. Receive two speeding tickets and the average cost swells to $2,103, an increase of $505 each year. Then throw in two accidents along with the two speeding tickets and the yearly cost of car insurance for drivers under 25 goes up to an average of $4,216. That's an increase of $2,617, or $218 per month, just for not maintaining a clean driving record!
The illustration below demonstrates how choosing different deductibles can influence annual premium costs when quoting cheap insurance for drivers under 25. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
A 30-year-old driver could lower their car insurance rates by $352 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $530 by using a $1,000 deductible. Youthful drivers, like the 20-year-old, could reduce their rates $1,026 or even more just by using higher deductibles. When choosing a higher deductible, it will be required to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense that comes with higher deductibles.
Buying coverage from the best company is difficult considering how many choices you have in Lubbock. The ranking information shown next can help you choose which car insurance providers to look at purchasing a policy from.
These rankings are only comprised of the largest companies in the United States, so companies that may only write in Texas will not be included in this list. To compare rates from the most competitive companies in Texas, simply click here.
Top 10 Large Auto Insurers in Lubbock Ranked by Customer Satisfaction
- USAA - 91%
- AAA Insurance - 90%
- Esurance - 90%
- Mercury Insurance - 89%
- Nationwide - 89%
- Travelers - 88%
- Progressive - 88%
- Safeco Insurance - 88%
- State Farm - 88%
- Allstate - 88%
Top 10 Large Auto Insurers in Lubbock Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
If you aren't sure which coverage you need and prefer to get some professional input when trying to find lower insurance rates for drivers age 25 and younger, the agents below are willing to aid you in deciding which policy fits your needs best.
To find an agent nearest to you, click the link after the list or click here to compare price quotes.
Peter Griffith - State Farm Insurance Agent
409 Frankford Ave - Lubbock, TX 79416 - (806) 785-4456
3302 34th St - Lubbock, TX 79410 - (806) 795-4301
Lubbock AllState Agent
2312 19th St - Lubbock, TX 79401 - (806) 412-1471