The words “bargain” and “insurance” really don’t belong together, especially when you are searching for the best insurance rates for a learners permit. To help control this cost, let’s teach you some things that help determine insurance prices, and come up with some ideas to take a little off your next policy.
Figuring out which companies quote the cheapest auto insurance rates for a learners permit calls for a tad more effort in order to find the best policy. Every auto insurer uses their own formula to set premium rates, so let’s examine the most affordable auto insurance companies in Texas.
Keep in mind that Lubbock, TX auto insurance rates are impacted by many factors which can substantially decrease or increase the price you pay for coverage. Getting older, buying a home instead of renting, or getting a ticket for running a stop sign may generate price changes resulting in some companies being more affordable than the competition.
Best Auto Insurance Prices in Texas
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
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Travelers normally has some of the lowest car insurance rates in Lubbock at around $1,010 per year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also rank well as some of the best Lubbock, TX auto insurance companies.
As shown in the rates above, if you are insured with California Casualty and switched to USAA, you could earn yearly savings of about $268. Texas drivers with Esurance could save as much as $279 a year, and State Farm insureds might lower prices by $337 a year.
To find the cheapest rates for your vehicle, click here to start a quote or visit any of the companies below.
It’s important to note that these policy prices are averages across all insureds and vehicles and and are not figured with an exact vehicle garaging location for a learners permit. So the car insurance company that has the cheapest rates for you may not even be in the list above. That point stresses why you need to get rate quotes using your own individual information.
For new drivers, one of the largest things that aid in calculating insurance cost is where your car is garaged in Lubbock. Areas with more people or even just a higher incidence of claims tend to have higher rates, whereas areas with less congestion benefit from lower prices.
The illustration below ranks the priciest cities in Texas for a learners permit to purchase car insurance in. Lubbock makes the list at #14 costing $1,682 for the average insurance policy, which is about $140 each month.
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Information shown are approximated as vehicle location can impact price quotes considerably.
The vehicle that is being insured is a large factor when shopping for economical insurance for a learners permit. Vehicles with higher performance, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more economical and safe models. The list below features coverage costs for a handful of the most cost-effective vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$3,863|
|Ford Escape Limited 2WD||$3,896|
|Jeep Wrangler Rubicon 4WD 2-Dr||$4,346|
|Ford F-150 XL Super Cab 4WD||$4,354|
|Ford Explorer XLT AWD||$4,346|
|Honda Odyssey EX W/Rear Entertainment||$4,547|
|Ford Edge Limited 2WD||$4,552|
|Toyota RAV4 Limited 4WD||$4,581|
|Volkswagen Jetta S 4-Dr Sedan||$4,588|
|Chevrolet Malibu LS||$4,581|
|Chevrolet Equinox LS 2WD||$4,591|
|Dodge Grand Caravan Crew||$4,617|
|Honda Civic LX 4-Dr Sedan||$4,782|
|Ford Focus SEL 4-Dr Sedan||$4,789|
|Hyundai Elantra Blue 4-Dr Sedan||$4,782|
|Toyota Corolla S||$4,816|
|Chevrolet Impala LTZ||$4,824|
|Toyota Camry SE||$4,816|
|Toyota Tacoma X-Runner 2WD||$4,826|
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific location which can revise coverage prices greatly.
Looking at the data, we can assume that cars like the Honda CR-V, Ford Escape, Toyota Prius, Jeep Wrangler, and Ford F-150 are most likely to be some of the cheapest vehicles to insure for new drivers. Auto insurance rates will tend to be higher because there is more claim exposure for a learners permit, but in general those specific models will have the cheapest car insurance rates compared to other vehicles.
Picking a good quality auto insurance company can be challenging considering how many companies there are in Lubbock. The ranking information below could help you decide which auto insurers to look at when comparing insurance rates for a learners permit.
The rankings below only include the largest companies in America, so companies that may only write in Texas are not factored into the list. If you wish to compare rates from these top insurers and more, click here.
Top 10 Large Car Insurance Companies Overall in Lubbock
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
The chart below illustrates how your choice of deductibles can change yearly insurance costs when researching cheap insurance for a learners permit. The rates are based on a married male driver, full physical damage coverage, and no discounts are applied.
The chart above illustrates that a 40-year-old driver could lower rates by $358 a year by switching from a $100 deductible up to a $500 deductible, or save $540 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could lower their rates $1,206 or even more just by choosing higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it will be required to have spare funds to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
You are probably paying too much for car insurance
Lubbock auto insurance rates are determined by lots of factors that control the policy price. Simply improving your credit, becoming a homeowner, or getting a driving violation can cause premium changes that can now make some companies cheaper in comparison to the competition. Also, insurers amend pricing every year in order to be able to pay unexpected claims. An unexpected high level of claims may cause rate increases, while long-term profits may cause lower-priced Lubbock car insurance rates.
The bar chart below shows the company with the cheapest car insurance in Lubbock, TX for a 45-year-old male driver with no violations or accidents, and great credit. When comparing rates based on his personal risk profile, Travelers offers the best car insurance rates in Lubbock at $1,177 annually. This is $727 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest Lubbock, TX auto insurance companies.
In this example, we will give the driver in the first chart an accident claim, poor credit, and a blemish on his driving record. Due to the fact that every insurance company has a different process to set premium rates, comparing rates most likely will result in a significantly different list of the cheapest Lubbock car insurance companies as shown below.
State Farm now has the cheapest price in Lubbock, TX with USAA, Mercury, Nationwide, and Safe Auto also being competitive. This example shows why drivers need to compare lots of rates to find the best insurance rates for a learners permit. Insurance rates can be altered by many things and change substantially, so the best option two years ago may now be wasting a lot of money.
How to find more affordable insurance for a learners permit
Here are some of the better penny-pinching solutions that can help you get low-cost car insurance.
- Good credit can mean cheaper rates
- Drop full coverage on older vehicles
- Prevent price hikes by avoiding at-fault accidents
- Multi-policy discounts save money
- Safer vehicles generally have cheaper insurance rates
- Compare prices as often as possible
The last idea is extraordinarily critical, as we discussed in this write-up. Coverage prices can change significantly in a year, so don’t hesitate to switch companies if a more affordable price is available.
Many drivers have brand loyalty and that’s fine, but it’s not recommended if that faithfulness ends up costing you a lot of money. Take a few minutes and shop around and find cheaper auto insurance for a learners permit in Lubbock.
The insurance agencies listed below are willing to help you determine which is the best policy, as some drivers have questions and prefer to get some professional advice when buying car insurance for new drivers. It can be challenging to find the cheapest car insurance policy, so getting advice from a licensed Texas insurance agent can add comfort knowing your policy gives you suitable coverage if you have an accident.
To locate a Lubbock auto insurance agent closest to you, click the button below the list or click here to compare prices now.
Farmers Insurance – Rhett Richardson
13413 County Rd 1800 Unit D – Lubbock, TX 79424 – (806) 783-9998
Tommy Reece – State Farm Insurance Agent
3114 50th St – Lubbock, TX 79413 – (806) 793-0646
Zuniga Insurance Agency
1407 19th St – Lubbock, TX 79401 – (806) 702-4918