For poor drivers, one of the largest things that are looked at to determine the cost of insurance is the neighborhood you call home in Lubbock. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.
The table below ranks the most expensive cities in Texas for low income drivers to purchase car insurance in. Lubbock makes the list at #12 with the yearly price of $1,716 for the average insurance policy, which is approximately $143 per month.
|Rank||City||Premium Per Year|
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Premium amounts are estimated as the specific garaging location can change premium rates greatly.
The car, truck, or SUV on the policy is a significant factor when quoting the most affordable car insurance for low income drivers. Vehicles with lots of speed or power, a lack of modern safety features, or a history of substantial liability claims will cost much more to insure than more modest models. The data below outlines car insurance rates for a number of the most budget-friendly vehicles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$988|
|Ford Escape XLT 4WD||$1,081|
|Honda Accord EX 4-Dr Sedan||$1,093|
|Toyota RAV4 2WD||$1,143|
|Ford F-150 XL Super Cab 2WD||$1,157|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,166|
|Hyundai Elantra SE 4-Dr Sedan||$1,206|
|Toyota Camry SE||$1,216|
|Nissan Altima Hybrid 4-Dr Sedan||$1,228|
|Chevrolet Malibu LTZ||$1,234|
|Jeep Grand Cherokee Limited 2WD||$1,228|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$1,248|
|Volkswagen Jetta LE 4-Dr Sedan||$1,252|
|Ford Edge Limited 2WD||$1,263|
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Estimates do not factor in specific garaging location which can revise rates significantly.
Looking at the numbers, we can tell that vehicles like the Honda CR-V, Ford Escape, and Honda Accord are the cheaper vehicles to insure for poor drivers.
Discounts on Lubbock auto insurance
Insurers that offer quotes for low income drivers may also offer policy discounts that may potentially lower prices by as much as 25% or more if you qualify. A few of the larger companies and a selection of discounts are detailed below.
- Progressive may have discounts that include multi-vehicle, good student, continuous coverage, online quote discount, and homeowner.
- Farmers Insurance has savings for distant student, multi-car, early shopping, mature driver, homeowner, electronic funds transfer, and business and professional.
- Farm Bureau offers discounts for 55 and retired, renewal discount, multi-vehicle, youthful driver, driver training, safe driver, and good student.
- State Farm includes discounts for defensive driving training, multiple policy, Steer Clear safe driver discount, passive restraint, student away at school, anti-theft, and Drive Safe & Save.
- GEICO may offer discounts for membership and employees, daytime running lights, driver training, emergency military deployment, and military active duty.
- SAFECO offers premium reductions for anti-theft, teen safe driver, bundle discounts, homeowner, accident prevention training, and multi-car.
- Liberty Mutual policyholders can earn discounts including multi-car, multi-policy, new graduate, good student, preferred payment discount, and safety features.
The example below shows the comparison of auto insurance costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, no violations or accidents, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with vehicle safety, defensive driving course, marriage, accident-free, multiple policy, and safe-driver discounts applied. When these discounts are applied, theaverage yearly reduction on car insurance for low income drivers is 28% or $782.
The chart below highlights how deductible selection can affect insurance rates when getting quotes for cheap insurance for low income drivers. The data assumes a single female driver, comprehensive and collision coverage, and no discounts are factored in.
A 50-year-old driver could reduce rates by $302 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $456 by selecting a $1,000 deductible. Young drivers, like the 20-year-old category, have the ability to save up to $766 each year by choosing a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is a good idea to have plenty of money set aside to allow you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Ending up with the best auto insurance company can be rather challenging considering how many companies sell insurance in Texas. The company rank data shown below could help you choose which car insurance companies you want to consider when comparing rates. The rankings below include companies that insure vehicles nationwide, so companies without a large exposure are not factored into these rankings.
Top 10 Major Auto Insurance Companies in Lubbock Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Top 10 Major Auto Insurance Companies 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%
How to find the cheapest insurance for low income drivers
Here are a few money-saving solutions that can help you buy cheap coverage.
- Higher credit ratings may save you money
- Increase physical damage deductibles
- Do not get tickets or violations
- Avoid accidents
- Choose a safer vehicle and pay lower rates
- Shop around for cheaper rates regularly
The last tip is incredibly critical, as we stressed in this write-up. Auto insurance rates adjust frequently, so drivers shouldn’t be resistant to switch carriers if you can save money.
We understand brand loyalty, but is isn’t recommended if that loyalty ends up costing a lot of money every month. Spend a few minutes and shop around and find cheaper car insurance for low income drivers in Lubbock.