The words “low-priced” and “insurance” really shouldn’t be used in the same sentence, specifically when comparison shopping for the cheapest car insurance for good students. Because it’s not cheap, let’s go over some of the things that influence car insurance premiums, and see if you can take the bite out of the next policy you buy.
The car, truck, or SUV driven is a large consideration when comparing quotes for the cheapest auto insurance for good students. Vehicles with economical engines, a plethora of safety features, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.
The information below features coverage rates for the most economical automobiles to insure in Texas.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$3,601|
|Honda CR-V EX-L 2WD||$3,641|
|Honda Accord EX-L 4-Dr Sedan||$3,880|
|Ford Edge SE 2WD||$3,991|
|Ford Explorer XLT AWD||$4,031|
|Dodge Grand Caravan CV||$4,038|
|Chevrolet Equinox LT AWD||$4,270|
|Toyota RAV4 2WD||$4,278|
|Toyota Camry LE||$4,270|
|Chevrolet Malibu LS||$4,276|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$4,312|
|Ford F-150 Lariat Super Cab 4WD||$4,322|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$4,401|
|Hyundai Elantra Blue 4-Dr Sedan||$4,470|
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Table data assumes single male driver age 18, 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 Lubbock, TX location which can lower or raise coverage rates substantially.
Based upon the rates shown, you can presume that models like the Ford Escape, Honda CR-V, Honda Accord, and Toyota Prius should be some of the cheapest vehicles to insure for student drivers.
Shopping around for low-cost auto insurance is challenging, and figuring out which companies offer the lowest-priced insurance rates for good students will take a little more work. Each insurance company uses their own calculation for setting rates, so let’s rank the insurance companies with the overall best prices in Lubbock.
It’s important that you understand Lubbock, TX insurance rates are calculated based on many things which can substantially change your annual premium. This price fluctuation is why it is so important to do a thorough rate comparison to find cheap insurance rates for good students. Insurance rates consist of many factors and can decrease or increase without notice, so the lowest-price company three years ago may now be one of the more expensive options.
Best Auto Insurance Prices for Students
Travelers may offer some of the lowest car insurance rates in Lubbock at around $1,041 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheapest Lubbock, TX insurance companies.
As depicted above, if you are currently insured with Germania Mutual and switched to Travelers, you might realize yearly savings of in the vicinity of $203. Customers with Esurance may save as much as $324 a year, and California Casualty customers might lower prices by up to $341 a year.
If you want to find out if you’re overpaying, click here to start a quote or visit several of the following companies.
Be aware that those prices are averages across all types of insureds and vehicles and and are not figured with a specific vehicle garaging location for good students. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That emphasizes why you need to get rate quotes using your own personalized driver profile and vehicle information.
For student drivers, one of the largest considerations that are used to help calculate car insurance rates is where you live. Areas with more people or higher crime rates tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of cheap car insurance rates.
The table below shows the most expensive areas in Texas for good students to buy auto insurance in. Lubbock comes in at #12 with an annual cost of $1,733 for coverage, which is around $144 per month.
|Rank||City||Average Per Year|
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Rate information is estimated as zip code location can raise or lower coverage prices considerably.
Choosing the top car insurance company is hard considering how many different companies sell coverage in Texas. The information shown below may help you analyze which insurers to look at when shopping insurance around for good students.
The rankings below are only comprised of the companies with a significant amount of written premium nationwide, so companies that may only write in Texas are not factored into the list. To compare prices from these and other top-rated companies, simply click here.
Top 10 Major Car Insurance Companies in Lubbock Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Major Car Insurance Companies in Lubbock Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Accidents and violations increase rates
The recommended way to find affordable insurance premiums in Lubbock for student drivers is to be a cautious driver and avoid accidents and traffic citations. The diagram below shows how violations and at-fault collisions can raise auto insurance costs for different age groups. The costs are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of an auto insurance policy per year with no accidents or violations is $1,807. Factor in two speeding tickets and the average cost increases to $2,482, an increase of $676 each year. Then include two accidents along with the two speeding tickets and the yearly cost of insurance for good students jumps again to an average of $5,328. That’s an increase of $3,521, or $293 per month, just for a couple of infractions!
Get discount Lubbock insurance
Auto insurance companies that offer coverage for good students may have premium discounts that can reduce rates by 40% or more if you are eligible for them. A list of insurance companies and some of their more popular discounts are shown below.
- American Family policyholders can earn discounts including mySafetyValet, early bird, multi-vehicle, Steer into Savings, good student, good driver, and accident-free.
- Nationwide offers discounts for accident-free, family plan, business or organization, defensive driving, multi-policy, Farm Bureau membership, and anti-theft.
- MetLife offers premium reductions for good student, defensive driver, claim-free, accident-free, and multi-policy.
- 21st Century has discounts for homeowners, driver training, good student, teen driver, early bird, defensive driver, and anti-lock brakes.
- Farmers Insurance includes discounts for mature driver, bundle discounts, distant student, multi-car, business and professional, and teen driver.
- Allstate has savings for anti-lock brakes, EZ pay plan discount, early signing, teenSMART discount, multi-policy, auto/life discount, and premier plus.
The diagram below visualizes the comparison of insurance rates with and without discounts. The costs are based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with vehicle safety, paperless filing, good student, paid-in-full, continuous coverage, and passive restraint discounts applied. When these discounts are applied, theaverage amount saved on insurance for good students is 28% or $698.
Don’t stick with an overpriced policy
Texas insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay. Improving your credit score, buying a home, or getting a ticket for running a stop sign can trigger price changes that may make certain companies cheaper in comparison to the competition.
Not only that, but insurers file new Texas auto insurance rates as often as every three months to reflect underwriting profits or losses. A period of higher than normal claims can cause increased policy costs, while profitable underwriting may result in more affordable Lubbock car insurance rates.
For instance, the chart below compares the cheapest car insurance in Lubbock, TX for a 30-year-old female driver with a good driving record, no prior claims, and good financial standing. If we estimate rates based on her current risk profile, Travelers quotes the cheapest car insurance rates in Lubbock at $1,154 annually. This is $750 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also on the list of the cheapest Lubbock, TX auto insurance companies.
In this example, we will give the driver in the first chart a couple of claims, a lower credit rating, and a traffic citation. Because every insurance company has a unique approach to determine rates, comparing prices could now result in a slightly different list of affordable companies as shown below.
State Farm now has the cheapest car insurance in Lubbock, TX with Mercury, USAA, Nationwide, and Safe Auto now being in the top five. This example proves why consumers need to take the time to take the time to shop around to get cheap auto insurance rates for good students. Car insurance prices are impacted by many risk factors and change substantially, so the best price three years ago may now not even be in the top five.
The agencies below can probably aid you in deciding which coverages and limits you need, as some drivers have questions and prefer to have some professional guidance when comparing insurance rates for student drivers. It can be time-consuming to find the best policy on your own, and getting advice from a licensed agent can bring comfort knowing your policy gives you decent coverage if you have a claim.
To locate a Lubbock car insurance agency using an interactive map, click the button following the list or click here to get price quotes now.
Allstate Insurance Agent: Bill Eggar
10101 Quaker Ave – Lubbock, TX 79424 – (806) 792-5200
Tommy Reece – State Farm Insurance Agent
3114 50th St – Lubbock, TX 79413 – (806) 793-0646
Farmers Insurance – Victor Rodriguez
2026 82nd St #103 – Lubbock, TX 79423 – (806) 783-0831
Zuniga Insurance Agency
1407 19th St – Lubbock, TX 79401 – (806) 702-4918
Sanford and Tatum Insurance Agency
5241 98th St – Lubbock, TX 79424 – (806) 792-5564