Finding budget auto insurance is hard enough, and determining which insurers offer the most affordable insurance rates for handicapped drivers may require even more shopping around. Each auto insurer has their own guidelines for determining prices, so let's begin by examining the lowest cost insurance companies in Lubbock, TX.
Cheapest Insurance Rates in Texas
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
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Travelers has some of the most affordable car insurance rates in Lubbock at around $1,010 each year. This is $894 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the more affordable Lubbock, TX car insurance companies.
As the rates illustrate above, if you have coverage with Texas Farm Bureau and switched to Travelers, you might achieve annual savings of around $225. Texas drivers with Germania Mutual might save as much as $246 a year, and Esurance policyholders might see rate reductions of $355 a year.
Be aware that those premiums are averages for all ages of drivers and types of vehicles and do not take into consideration a specific vehicle garaging location for handicapped drivers. So the company that can offer the best rates for your situation may not even be in the top 23 companies shown above. That affirms the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.
For drivers with handicaps, one of the big factors that determine the annual cost of car insurance is where you live. Larger areas tend to have more expensive car insurance rates, whereas areas with less crime or weather claims benefit from lower rates.
The information below rates the highest-priced areas in Texas for handicapped drivers to purchase a policy in. Lubbock ranks #15 with the yearly price of $1,665 on average, which is about $139 per month.
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Table data uses approximated as the specific area where the vehicle is garaged can affect premiums substantially.
The type of vehicle requiring insurance is one of the largest considerations when trying to find the most affordable insurance for handicapped drivers. Vehicles with lots of speed or power, a lack of safety features, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models. The data below outlines car insurance rates for some of the more affordable vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,025|
|Honda CR-V EX 4WD||$1,048|
|Chevrolet Silverado LS Regular Cab 4WD||$1,128|
|Ford Explorer XLT 4WD||$1,151|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,204|
|Chevrolet Equinox LT 2WD||$1,217|
|Ford Fusion S 4-Dr Sedan||$1,227|
|Honda Accord EX-L 4-Dr Sedan||$1,224|
|Hyundai Elantra SE Touring Station Wagon||$1,231|
|Dodge Grand Caravan CV||$1,258|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,306|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,312|
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price information does not factor in specific Lubbock, TX garaging location which can influence price quotes greatly.
Looking at the data, you can infer that cars like the Ford Escape, Honda CR-V, Chevrolet Silverado, Ford Explorer, and Volkswagen Jetta are likely to be the cheapest vehicles to insure for drivers with handicaps.
How to find a good Texas insurance company
Buying coverage from the highest-rated car insurance company can be challenging considering how many companies there are in Lubbock. The company rank data in the lists below could help you analyze which auto insurers you want to consider when trying find the best insurance for handicapped drivers.
These rankings are for companies that insure vehicles across America, so companies without a large exposure are not taken into consideration for these rankings. If you would like to check rates from these top insurers and more, follow this link.
Top 10 Major Auto Insurance Providers in Lubbock Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Top 10 Major Auto Insurance Providers 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%
Do you need full coverage?
Reducing premiums for insurance is the goal of most vehicle owners, and one good way to reduce the cost of insurance for handicapped drivers is to not insure for full coverage. The information below compares insurance prices with and without full coverage. The data assumes a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no discounts are taken into consideration.
If we average the cost for all age groups, comprehensive and collision coverage on your policy costs an extra $2,000 per year over and above liability only. That is a large expense which might make you wonder if buying full coverage is a good investment. There is no exact rule for eliminating full coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let's pretend your vehicle's book value is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,500 after paying your policy deductible. If it's costing you more than $850 annually for full coverage, then you might want to think about dropping full coverage.
There are a few situations where dropping full coverage is not a good idea. If you haven't paid off your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
Discount Lubbock insurance
Insurance companies that sell policies for handicapped drivers may additionally offer discounts that can reduce rates by 30% or more if you are eligible. A list of insurance companies and some of the discounts can be read below.
- American Family may include discounts for TimeAway discount, accident-free, Steer into Savings, multi-vehicle, good driver, bundled insurance, and air bags.
- State Farm has savings for safe vehicle, student away at school, good student, multiple autos, Drive Safe & Save, and multiple policy.
- 21st Century offers discounts including driver training, anti-lock brakes, teen driver, defensive driver, 55 and older, and air bags.
- Travelers offers premium reductions for multi-policy, multi-car, hybrid/electric vehicle, good student, new car, and payment discounts.
- GEICO offers discounts for five-year accident-free, air bags, daytime running lights, multi-vehicle, federal employee, and seat belt use.
The example below shows the comparison of insurance rates with and without discounts being applied to the rates. The prices are based on a female driver, no claims or driving violations, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple policy, homeowner, defensive driving course, accident-free, vehicle safety, and safe-driver discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for handicapped drivers is 28% or $474.
Why you should compare rates
Texas insurance rates are impacted by many factors which can substantially decrease or increase the price you pay. Getting older, buying a new vehicle, or getting a driving violation can cause premium changes that can cause some rates to be more affordable than before. In addition, insurers change prices at least once a year as an adjustment for underwriting gains or losses. Unexpectedly high claims can result in additional price hikes, while a better claims history may result in cheaper Lubbock car insurance rates.
The chart below demonstrates which company has the cheapest car insurance in Lubbock, TX for a 30-year-old female driver with no prior accidents, a clean driving record, and good financial standing. If we estimate prices based on her current risk factors, Travelers might offer the best car insurance rates in Lubbock at $1,201 each year. This is $703 less than the average price paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance are the rest of the top five cheapest Lubbock, TX auto insurance companies.
The chart below compares rates after we give the driver in the first example a claim or two, slightly worse credit, and a blemish on her driving record. Since each insurance company has a unique approach for establishing rates, comparing rates could now result in a different list of the cheapest companies as shown below.
Mercury now has the cheapest car insurance in Lubbock, TX with USAA, State Farm, Nationwide, and Safe Auto also being competitive. This example proves why consumers need to do a thorough rate comparison to find the most economical insurance rates for handicapped drivers.
Insurance rates are influenced by many risk factors and change dramatically, so the lowest-price company when you bought your policy may now be an over-priced policy.
The auto insurance agents in Lubbock shown below can help you make a decision which auto insurance coverages would be the best in your situation, as some people prefer to have professional advice when shopping for the best coverage for drivers with handicaps. It can be hard to do it yourself, so agents can add satisfaction knowing your policy gives you suitable coverage if you have an accident. To find an auto insurance agency closest to you, click the button below the list.
Keith Potts - State Farm Insurance Agent
6110 Frankford Ave A - Lubbock, TX 79424 - (806) 794-5084
Mike Fox - State Farm Insurance Agent
5910 130th St #101 - Lubbock, TX 79424 - (806) 701-5234
David Tate Insurance Agency LLP
5233 79th St - Lubbock, TX 79424 - (806) 794-1177
Texas Insurance Partners
Bldg. 2, 7021 Kewanee Avenue #102 - Lubbock, TX 79424 - (806) 771-9692
Bledsoe Insurance Agency
5143 69th St - Lubbock, TX 79424 - (806) 794-8686