What Insurance is Cheapest for Seniors in Lubbock?

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Figuring out which company offers the most affordable car insurance rates for seniors will require a tad more effort in order to find coverage that fits your budget. Each auto insurance company has a different process to establish rates, so let's take a look at the car insurance companies with the overall cheapest rates in Lubbock.

It's important that readers know that Lubbock, TX car insurance rates are impacted by many factors which can significantly increase or decrease the cost of your policy. Simply turning a year older, moving to a different location, or getting a DUI may prompt premium changes that can cause some rates to be cheaper than competitors.

Best Car Insurance Prices for Mature Drivers

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Travelers normally has some of the lowest car insurance rates in Lubbock at around $1,052 annually. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the best Lubbock, TX car insurance companies.

As illustrated above, if you are a policyholder with Texas Farm Bureau and switched to Travelers, you may see savings of in the vicinity of $195. Drivers with Germania Mutual might save as much as $242 a year, and California Casualty policyholders might lower prices by up to $330 a year.

To find cheaper insurance rates for your vehicle, click here or visit any of the companies below.

Bear in mind that those estimates are averaged for all ages of drivers and types of vehicles and and are not calculated with an exact vehicle garaging location for seniors. So the auto insurance company that is most affordable for your situation may not even be in the list above. That is why you need to quote rates from many companies using your own specific driver and vehicle information.

The type of vehicle that needs insurance is one of the primary factors that determines whether or not you find the lowest-priced car insurance for seniors. Vehicles with high performance, poor crash test ratings, or high incidents of liability claims will cost significantly more to insure than safer, lower-performance models.

The data below illustrates auto insurance prices for a handful of the most budget-friendly automobiles to buy coverage for.

Cheapest Vehicles to Insure in Lubbock, TX
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 4WD $913
Ford Escape Limited 2WD $923
Ford Edge SE 2WD $979
Jeep Wrangler Sport Islander Package 4WD 2-Dr $984
Toyota Prius $993
Ford Explorer Eddie Bauer 2WD $1,000
Toyota Tacoma 4WD $1,006
Dodge Grand Caravan CV $1,000
Ford Focus S 4-Dr Sedan $1,037
Nissan Altima 2.5 4-Dr Sedan $1,058
Chevrolet Silverado LT Extended Cab 4WD $1,063
Toyota RAV4 Limited 4WD $1,058
GMC Sierra SLE Crew Cab 2WD $1,065
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Data rating is based on married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in specific garaging location which can influence rates considerably.

Looking at the numbers, you can see that vehicles like the Honda CR-V, Ford Escape, Ford Edge, and Jeep Wrangler are some of the most economical vehicles to insure for senior citizens.

For senior citizens, one of the more important things that determine the amount you pay each year for auto insurance is where you keep your car in Lubbock. Areas with increased crime or more people tend to have more expensive car insurance rates, whereas less populated areas benefit from lower rates.

The table below shows the highest-priced places in Texas for seniors to buy an auto insurance policy in. Lubbock comes in at #13 with a yearly cost of $1,682 on average, which is about $140 monthly.

How much is auto insurance in Lubbock, TX?
Rank City Annual Rate
1 McAllen $1,996
2 Brownsville $1,908
3 Amarillo $1,858
4 Dallas $1,855
5 Houston $1,853
6 Laredo $1,851
7 Garland $1,850
8 Pasadena $1,758
9 Grand Prairie $1,757
10 Mesquite $1,753
11 Irving $1,719
12 Beaumont $1,702
13 Lubbock $1,682
14 Austin $1,676
15 San Antonio $1,671
16 Arlington $1,658
17 McKinney $1,625
18 Plano $1,624
19 Fort Worth $1,621
20 Carrollton $1,598
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Prices are estimated as vehicle location can affect coverage prices significantly.

Safe drivers pay cheaper rates

The ideal way to enjoy cheap car insurance prices for senior citizens is to drive safe and not receive tickets or have accidents. The information below highlights how speeding tickets and at-fault accidents influence insurance premiums for different age groups. The data is based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.

In the prior example, the average cost of auto insurance per year with no accidents and a clean driving record is $1,807. Get written up for one speeding ticket and the average cost increases to $2,082, an increase of $276 each year. Then throw in two accidents along with the one speeding ticket and the yearly cost of car insurance for seniors jumps again to an average of $4,682. That's an increase of $2,875, or $240 per month, just for not driving attentively!

Does full coverage make sense?

Reducing premiums for car insurance is the goal of most people, and one great way to pay lower rates for insurance for seniors is to not buy comprehensive and collision coverage. The chart below shows the difference between car insurance rates with and without full coverage. The rates are based on no violations or accidents, $500 deductibles, single marital status, and no discounts are applied to the premium.

If we average all the age groups together, physical damage coverage on your policy costs $2,393 per year over liability only. Many drivers may wonder if you should buy full coverage. There isn't a written rule to delete full coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's pretend your vehicle's claim settlement value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,500 after the deductible is paid. If you are paying in excess of $450 a year for full coverage, then you might want to consider buying only liability coverage.

Choosing the highest-rated car insurance provider can be challenging considering how many companies sell coverage in Lubbock. The company information in the next section may help you analyze which providers you want to consider purchasing coverage from. These rankings are for companies with a national presence, so smaller companies are not taken into consideration for these rankings.

Top 10 Major Car Insurance Companies in Lubbock Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Mercury Insurance - 89%
  5. Nationwide - 89%
  6. Travelers - 88%
  7. Progressive - 88%
  8. Safeco Insurance - 88%
  9. State Farm - 88%
  10. Allstate - 88%

How to find economical insurance for seniors

It is possible to find better rates, and here are a few money-saving ideas that can help Texas drivers buy lower-cost coverage.

That final tip is certainly vital, as we emphasized in this piece. Prices charged by car insurance companies in Lubbock change a lot, so don't be afraid to buy a policy from a new company if a lower price can be found.

We understand brand loyalty, but it's not recommended if that faithfulness ends up costing you hundreds of dollars year after year. If you have a few minutes, shop around and find cheaper auto insurance for seniors.

The insurance agencies below are a good start to provide answers to your questions and help you determine which policy fits your needs best, since some people prefer to get help from a professional when shopping for the best coverage for seniors. It can be difficult to find the cheapest rates, and getting advice from a licensed Texas insurance agent can bring comfort knowing your coverage gives you adequate asset protection.

To find a Lubbock insurance agency nearest to you, click the button after the list.

Butler Carson Tate Insurance
4505 82nd St # 10 - Lubbock, TX 79424 - (806) 798-7979

Scott Powell - State Farm Insurance Agent
3410 98th St Ste 3 - Lubbock, TX 79423 - (806) 793-2855

Kevin Watson - State Farm Insurance Agent
13033 Quaker Ave SUITE B - Lubbock, TX 79423 - (806) 797-3329

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