If you want to find the absolute lowest rates, then the best way to get cheaper Buick Regal insurance is to start doing a yearly price comparison from insurance carriers in Lubbock. You can compare prices by completing these steps.
First, read and learn about how companies price auto insurance and the things you can control to keep rates down. Many rating criteria that are responsible for high rates like speeding tickets, accidents and an imperfect credit rating can be improved by being financially responsible and driving safely. This article provides additional tips to help keep prices low and get additional discounts that may have been overlooked.
Second, get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive and State Farm, while independent agents can provide prices for a wide range of companies.
Third, compare the quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate quote and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
The most important part of shopping around is that you use the same physical damage deductibles and liability limits on each quote request and to quote with as many companies as feasibly possible. Doing this guarantees a level playing field and a complete rate analysis.
It’s easy to assume that auto insurance companies want to keep your business as long as possible. Insureds who shop around at least once a year will probably switch companies because there is a high probability of finding a lower-cost company. A recent study showed that drivers who did price comparisons regularly saved $865 a year as compared to drivers who don’t regularly compare prices.
If finding the lowest price for car insurance is the reason you’re reading this, then learning about the best ways to shop for insurance coverage can help you be more efficient.
How You Can Control Buick Regal Insurance Prices
Many factors are part of the calculation when premium rates are determined. A few of the factors are predictable like your driving record, but others are less apparent such as your credit history and annual miles driven.
How many miles do you drive? – The higher the miles on your Buick each year the more you will pay for auto insurance. Most companies charge to insure your cars based on how the vehicle is used. Cars and trucks not used for work or commuting can be on a lower rate level than vehicles that are driven to work every day. Ask your agent if your vehicle rating reflects the right rating data. An incorrectly rated Regal is just wasting money.
Vehicle risk affects costs – The performance level of the car, truck or SUV you drive makes a substantial difference in your auto insurance rates. Lower performance four cylinder passenger models usually have the lowest rates, but your final cost has many other factors.
Where you live factors in – Having an address in areas with lower population can be a good thing if you are looking for the lowest rates. Fewer drivers means a lower chance of having an accident and a lower car theft rate. Urban drivers have more traffic problems and more time behind the wheel. More time on the road statistically corresponds to a higher accident and claim rate.
Experienced drivers pay less – Drivers with little experience tend to be inattentive behind the wheel so they pay higher auto insurance rates. If you’ve ever had to add a teen driver onto your auto insurance can really hurt. More experienced drivers are shown to be more cautious, tend to cause fewer accidents, and receive fewer citations.
Never let your auto insurance policy lapse – Allowing your coverage to lapse will be a fast way to increase your renewal premiums. And not only will insurance be more expensive, being ticketed for driving with no insurance could earn you a fine, jail time, or a revoked license.
Males pay more for auto insurance – Statistics show females are less aggressive when driving. It does not mean males are worse at driving than females. Both sexes are in at-fault accidents in similar numbers, but males have costlier accidents. They also receive more costly citations such as DWI and reckless driving.
If you don’t need it don’t buy it – Policies have optional add-on coverages that can waste your money if you don’t pay attention. Insurance for things like coverage for rental cars, towing coverage, and Farm Bureau memberships are some examples. These coverages may sound good at first, but now you might not need them so get rid of them and save.
Buick Regal statistical loss data – Companies study historical loss data when they file their rates in each state. Models that have higher losses will have higher premium rates. The table shown below demonstrates the historical insurance loss data for Buick Regal vehicles.
For each policy coverage type, the loss probability for all vehicles, as an average, is equal to 100. Numbers shown that are under 100 suggest a better than average loss history, while numbers that are greater than 100 indicate more frequent claims or tendency to have higher losses.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Buick Regal 2WD||96||92||82||104||94||97|
|Buick Regal 4WD||113||87|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
You may qualify for discounts for Buick Regal insurance in Lubbock
Not many people think insurance is cheap, but there may be some discounts that you may not know about. A few discounts will be applied when you quote, but some discounts are required to be specially asked for before you get the savings.
- Employee of Federal Government – Simply working for the federal government could qualify for a slight premium decrease depending on your auto insurance provider.
- College Student Discount – College-age children living away from Lubbock attending college and don’t have a car can be insured at a reduced rate.
- Multiple Cars – Having more than one vehicle with the same company qualifies for this discount.
- Good Student Discount – Excelling in school can earn a discount of 20% or more. This discount can apply well after school through age 25.
- Buy New and Save – Insuring a new Regal is cheaper because new vehicles are generally safer.
- Sign Online – Some of the larger companies give back up to $50 simply for signing on their website.
- Accident-Free Discounts – Claim-free drivers can earn big discounts compared to drivers who are more careless.
- Driver Safety – Completing a safe driver course can save you 5% or more and easily recoup the cost of the course.
We need to note that most of the big mark downs will not be given to the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, you’re out of luck.
Some of the insurance companies that possibly offer some of the discounts shown above include:
Before purchasing a policy, check with every prospective company the best way to save money. Savings might not apply in Lubbock. To choose companies that offer discounts in Lubbock, follow this link.
Don’t give up on cheap rates
Insureds change insurance companies for a number of reasons such as unfair underwriting practices, delays in responding to claim requests, denial of a claim and even poor customer service. No matter why you want to switch, finding a great new company is easier than you think.
As you restructure your insurance plan, do not sacrifice coverage to reduce premiums. In many instances, an insured dropped uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. Your objective should be to buy a smart amount of coverage at the best price but still have enough coverage for asset protection.
A few companies do not provide the ability to get a quote online and these regional carriers work with independent agencies. Cheaper Buick Regal insurance in Lubbock can be bought both online and also from your neighborhood Lubbock agents, so you need to compare both in order to have the best chance of saving money.
More information is located at these links:
- Teen Driving and Texting (State Farm)
- Who Has Cheap Car Insurance for Drivers Over Age 60 in Lubbock? (FAQ)
- Event Data Recorders FAQ (iihs.org)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)