Things would sure be easy if we could tell you the one best company that has the cheapest rates in Texas. It's not quite that easy, unfortunately, as there are a whole slew of unknown aspects such as if you are currently insured, the neighborhood you live in, and the level of liability coverage you want, that all impact the cost of coverage. We will try to cover the types of situations that result in high rates and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.
Locating budget insurance is tough enough, and finding out which companies offer the cheapest car insurance rates for teachers will take even more work. Every car insurance company has their own unique process for setting prices, so first let's look at the rankings for the most budget-friendly car insurance companies in Lubbock, TX.
Find the Cheapest Car Insurance for Educators
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,211|
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Travelers may have some of the most affordable car insurance rates in Lubbock at around $1,010 each year. This is $894 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the best Lubbock, TX insurance companies.
In the rate table above, if you are a policyholder with Germania Mutual and switched to Travelers, you may realize an annual premium reduction of upwards of $272. Drivers with Esurance may save as much as $355 a year, and California Casualty policyholders might reduce rates by $414 a year.
Understand that those estimates are averaged for all ages of drivers and types of vehicles and do not factor in a specific zip code for teachers. So the car insurance company that is most affordable for your situation may not even be in the top 23 companies in the list above. That underscores the importance of why you need to get car insurance quotes using your own driver information and specific vehicle type.
The vehicle you are trying to insure is one of the primary factors when shopping around for low-priced coverage for teachers. Vehicles with lower performance, good safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models. The table below presents coverage prices for a number of the most budget-friendly automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,047|
|Honda Accord LX-P 4-Dr Sedan||$1,146|
|Hyundai Elantra GLS Touring Station Wagon||$1,183|
|Ford Edge SE AWD||$1,218|
|Toyota RAV4 Limited 4WD||$1,241|
|Dodge Grand Caravan Hero||$1,249|
|Ford Escape Limited 4WD||$1,248|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,301|
|Toyota Camry XLE||$1,308|
|Jeep Grand Cherokee Limited 2WD||$1,331|
|GMC Sierra SL Crew Cab 2WD||$1,338|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,331|
|Ford F-150 FX2 Super Cab 2WD||$1,333|
|Honda Odyssey EX||$1,365|
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can influence price quotes substantially.
Based upon these rates, cars like the Honda CR-V, Honda Accord, and Toyota Prius will definitely be the most budget-friendly vehicles to insure for teachers and educators.
The diagram below demonstrates how deductibles can raise or lower insurance premiums when searching for cheap insurance for teachers. The prices are based on a single female driver, full physical damage coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could lower their car insurance rates by $408 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $612 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old example, could potentially save up to $1,048 every year by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it's a good idea to have additional funds in a savings account to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Types of discounts on Lubbock auto insurance rates
Insurers that provide policies for teachers could also offer discounts that could potentially reduce rates by as much as 40% or more if you meet specific criteria. A few of the larger companies and a summarized list of policyholder discounts are:
- American Family may include discounts for mySafetyValet, defensive driver, early bird, bundled insurance, TimeAway discount, and accident-free.
- Nationwide discounts include anti-theft, Farm Bureau membership, easy pay, good student, multi-policy, and accident-free.
- MetLife offers discounts for multi-policy, defensive driver, good student, accident-free, and good driver.
- 21st Century has savings for teen driver, theft prevention, automatic seat belts, air bags, student driver, and early bird.
- Farmers Insurance offers discounts including bundle discounts, teen driver, early shopping, multi-car, pay in full, and distant student.
- Allstate may have discounts that include multi-policy, safe driver, auto/life discount, passive restraint, EZ pay plan discount, and utility vehicle.
The example below shows the difference between insurance premiums with and without discounts. Data assumes a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with claim-free, defensive driving course, marriage, safe-driver, passive restraint, and accident-free discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance for teachers is 28% or $578.
If you like to have a consultation when shopping for cheaper insurance for teachers and educators, the agents shown below can most likely answer your questions and help you decide which policy is best.
To locate a Lubbock auto insurance agent nearest to you, click the button link following the list or click here to compare prices now.
Nelda Jett - State Farm Insurance Agent
3833 50th St #5 - Lubbock, TX 79413 - (806) 793-2857
12215 Quaker Ave - Lubbock, TX 79424 - (806) 783-8959
Ince Insurance Inc
7005 Salem Park Dr - Lubbock, TX 79424 - (806) 797-4131
3206 34th St - Lubbock, TX 79410 - (806) 791-2892
Grimes Insurance Agency Inc
1651 Broadway St - Lubbock, TX 79401 - (806) 762-0544
How to find cheaper auto insurance for teachers
The list below shows some of the better thrifty suggestions that can help Lubbock drivers locate low-cost auto insurance.
- Do not get tickets
- Clean up your credit
- Do not pay for full coverage if not needed
- Increase your comprehensive and collision deductibles
- Prevent rate increases by staying accident-free
- Buy a car with high safety ratings
- Compare rates regularly to ensure the best deal
The last suggestion is especially necessary, as we noted in this write-up. Prices can be modified anytime, so drivers shouldn't be resistant to switch to a new company if a lower price can be found. Brand loyalty is great, but it isn't a good idea if that stubbornness costs you a considerable chunk of change every month. In less than five minutes you could compare rates to find cheaper auto insurance for teachers in Lubbock.