One of the many components that are looked at to help calculate the amount you pay each year for auto insurance is where you keep your car in Lubbock. Areas with high crime rates or more dense population will most likely pay more, whereas areas with less congestion benefit from lower coverage costs.
The information below shows the most expensive cities in Texas for high school students to buy car insurance in. Lubbock ranks #13 having an annual price of $1,733 for the average policy, which is approximately $144 per month.
|Rank||City||Premium Per Year|
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Information shown are estimated as the specific garaging location can increase or decrease premium rates significantly.
The make and model of vehicle that needs insurance is a large consideration that determines whether or not you find economical auto insurance for high school students. Vehicles with high performance engines, a lack of advanced safety features, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models.
The table below features car insurance premiums for the most economical vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$3,861|
|Ford Escape Limited 2WD||$3,871|
|Hyundai Elantra SE Touring Station Wagon||$4,111|
|Ford Explorer XLT 4WD||$4,286|
|Dodge Grand Caravan SE||$4,295|
|Volkswagen Jetta 2.0T Station Wagon||$4,401|
|Ford Edge SEL 2WD||$4,497|
|Chevrolet Impala LT||$4,537|
|Toyota RAV4 Sport 2WD||$4,546|
|Chevrolet Malibu LS||$4,537|
|Chevrolet Equinox LT AWD||$4,544|
|Ford F-150 FX4 4WD||$4,576|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$4,701|
|Ford Focus SES 4-Dr Sedan||$4,747|
|Toyota Tacoma X-Runner 2WD||$4,787|
|Toyota Camry SE||$4,795|
|Honda Odyssey EX-L||$4,787|
|Toyota Corolla XRS||$4,826|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$4,835|
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Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in Lubbock, TX location which can raise or lower rates noticeably.
Looking at the numbers, we can expect vehicles like the Honda CR-V, Ford Escape, and Hyundai Elantra are the cheapest vehicles to insure for teenagers. The cost of auto insurance will tend to be more expensive anyway just because there is more claim exposure for high school students, but in general those vehicles will most likely have the lowest insurance prices available.
Finding out which companies quote the cheapest auto insurance rates for high school students may require more work in order to find the best price. Each auto insurer uses their own method for setting rates, so to begin we'll rank the auto insurance companies with the overall best prices in Lubbock.
It's important that readers know that Lubbock, TX auto insurance rates are impacted by many factors which can substantially change the policy premium. Improving your credit score, getting divorced, or getting a DUI can cause premium changes resulting in some companies being cheaper than competitors.
Compare Cheap Insurance Quotes for Students
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,247|
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Travelers may have some of the cheapest car insurance rates in Lubbock at around $1,041 a year. This is $863 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the lowest-priced Lubbock, TX car insurance companies.
As depicted above, if you currently have a policy with Texas Farm Bureau and switched to Travelers, you might realize annual savings of in the vicinity of $206. Customers with Germania Mutual might save as much as $241 a year, and California Casualty insureds might realize rate reductions of up to $355 a year.
To find out how your current rates compare, click here to start your free quote or visit several of the following companies.
Bear in mind that those premium estimates are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific zip code for high school students. So the insurer that is best for you may not even be in the top 23 companies shown above. That emphasizes why you need to compare as many prices as possible using your own driver data and vehicle information.
Full coverage rates compared to liability-only
Saving money when shopping for auto insurance is important to the majority of vehicle owners, and a great way to find cheap insurance for high school students is to not pay for full coverage. The illustration below shows the difference between car insurance costs with full physical damage coverage and with liability coverage only. The information is based on no claims or driving citations, $250 deductibles, single marital status, and no discounts are taken into consideration.
Averaged for all age groups, comp and collision coverage costs an extra $2,000 per year more than buying just liability insurance. At some point, almost every driver questions when is the right time to remove full coverage. There isn't a written rule for excluding physical damage coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let's assume your vehicle's settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If it's costing you more than $800 a year for your policy with full coverage, then you might consider buying liability only.
Get discounts on Lubbock car insurance rates
Insurance providers that offer quotes for high school students may also give you policy discounts that could lower prices by as much as 25% or more if you meet certain criteria. Large auto insurance companies and their possible discounts are:
- State Farm offers discounts for multiple autos, student away at school, good student, accident-free, defensive driving training, and multiple policy.
- Esurance has discounts for DriveSense, claim free, Switch & Save, Pac-12 alumni, defensive driver, online shopper, and anti-lock brakes.
- Progressive may offer discounts for homeowner, continuous coverage, multi-policy, online quote discount, online signing, multi-vehicle, and good student.
- Liberty Mutual has savings for preferred payment discount, hybrid vehicle, good student, multi-car, newly married, and new graduate.
- Auto-Owners Insurance policyholders can earn discounts including student away at school, group or association, mature driver, company car, safe vehicle, air bags, and anti-lock brakes.
- GEICO may have discounts that include multi-policy, driver training, anti-lock brakes, defensive driver, multi-vehicle, and air bags.
The chart below visualizes the comparison of annual premium costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no claims or violations, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with passive restraint, vehicle safety, anti-theft, paid-in-full, paperless filing, and continuous coverage discounts applied. When these discounts are applied, theaverage amount saved on auto insurance for high school students is 28% or $539.
Best auto insurance company in Texas
Selecting a high-quality company is difficult considering how many choices there are in Texas. The rank data shown below can help you decide which insurers you want to consider when trying to find cheaper insurance for high school students. The ratings below include companies who write in the majority of U.S. states, so companies with more of a regional focus are not included in the list.
Top 10 Large Car Insurance Companies in Lubbock Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Large Car Insurance Companies Overall in Lubbock
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
If you have coverage questions and would like to get some guidance when shopping around for cheaper insurance for high school students, the agents listed below can most likely answer your questions and help you decide which auto insurance coverages would be the best in your situation.
To find an agent in your neighborhood, click the button below the list or click here to compare rates now.
Sanford and Tatum Insurance Agency
5241 98th St - Lubbock, TX 79424 - (806) 792-5564
Dick Phillips - State Farm® Insurance Agent
5740 82nd St - Lubbock, TX 79424 - (806) 799-4651
Alan Henry Insurance Agency
3405 19th St - Lubbock, TX 79410 - (806) 792-3771
Tommy Reece - State Farm Insurance Agent
3114 50th St - Lubbock, TX 79413 - (806) 793-0646
Alliance Insurance Agency
3307 82nd St - Lubbock, TX 79423 - (806) 792-0135
Tips for finding more affordable insurance for high school students
The list below shows a few penny-pinching suggestions that can help Lubbock drivers buy more affordable auto insurance.
- Avoid filing small claims
- Maintain a clean driving record
- Save money by insuring older vehicles for liability only
- Buy your homeowners policy from the same company as your auto insurance
- At-fault accidents can raise rates significantly
- The safer your car, the less it costs to insure
- Shop around for cheaper prices
That final tip is remarkably significant, as was pointed out in this piece. Coverage prices in Lubbock fluctuate considerably, so don't be afraid to buy from a new company if you can save money.
Staying with the same company for years is fine, but it's not a good idea if that inflexibility results in costing you hundreds of dollars year after year. It only takes a couple minutes to compare prices to find cheaper insurance for high school students.