Who Has the Cheapest Lubbock Auto Insurance for Single Moms?

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Deciphering which company quotes the best auto insurance rates for single moms requires a bit more work in order to find coverage that fits your budget. Each auto insurance company uses their own formula for setting prices, so we'll take a look at the auto insurance companies that tend to have lower prices in Lubbock, TX.

Keep in mind that Texas auto insurance rates are influenced by many factors which can significantly increase or decrease the cost of your policy. Simply having another birthday, buying a home, or getting a couple of tickets may prompt premium changes that can make some companies more affordable than the competition.

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Cheapest insurance companies in Texas
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,084
3 Texas Farm Bureau $1,235
4 Germania Mutual $1,256
5 Esurance $1,379
6 California Casualty $1,438
7 State Farm $1,495
8 Mercury $1,506
9 Nationwide $1,538
10 Safe Auto $1,613
11 Allstate $1,650
12 Progressive $1,664
13 Amica $1,757
14 GEICO $2,072
15 Home State $2,155
16 MetLife $2,183
17 Encompass $2,232
18 Unitrin $2,333
19 21st Century $2,396
20 Titan $2,646
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Travelers normally has some of the most affordable car insurance rates in Lubbock at around $1,041 each year. This is $863 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 more affordable Lubbock, TX car insurance companies.

As the example above demonstrates, if you are a customer of USAA and switched to Travelers, you could see annual savings of in the vicinity of $43. Texas drivers with Texas Farm Bureau may save as much as $194 a year, and Germania Mutual policyholders might cut rates by $215 a year.

To compare your rates to other Texas insurance companies, click here or quote rates from the companies below.

It's important to note that these policy rates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a vehicle location for single moms. So the company that is most affordable for your situation may not even be in the list above. That points out the importance of why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.

The type of vehicle driven is a significant factor that determines whether or not you can buy the best cheap car insurance for single moms. Vehicles with lower acceleration and performance, a great safety record, or a low likelihood of liability claims will cost significantly less to insure than fast, unsafe models. The next table outlines insurance costs for some of the most economical vehicles to insure in Texas.

Cheapest Vehicles to Insure in Lubbock, TX
Make and Model Estimated Cost for Full Coverage
Chevrolet Impala LS $1,176
Ford Escape Limited 2WD $1,183
Toyota RAV4 Limited 2WD $1,199
Jeep Grand Cherokee Laredo 2WD $1,204
Honda CR-V EX 4WD $1,272
Ford Fusion Sport 4-Dr Sedan $1,283
Chevrolet Malibu LTZ $1,292
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $1,283
GMC Sierra SL Crew Cab 2WD $1,291
Jeep Wrangler Unlimited Rubicon 4WD 4-Dr $1,327
Toyota Tacoma 2WD $1,347
Chevrolet Silverado LS Crew Cab 2WD $1,368
Honda Accord EX-L 2-Dr Coupe $1,374
Toyota Prius $1,379
Dodge Grand Caravan CV $1,391
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Data rating is based on single female driver age 40, 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 decrease or increase premium rates substantially.

Based on these rates, we can infer that makes and models like the Chevrolet Impala, Ford Escape, Toyota RAV4, Jeep Grand Cherokee, and Honda CR-V are most likely going to be the cheaper vehicles to insure for single parents.

Difference between full coverage and liability only rates

Paying less for auto insurance is the goal of the majority of people, and a great way to save on the cost of insurance for single moms is to buy only liability coverage. The diagram below compares auto insurance rates with and without full coverage. The price estimates are based on no tickets, no at-fault accidents, $1,000 deductibles, single marital status, and no policy discounts are applied.

If all age groups are averaged, full coverage costs $1,598 per year over and above liability only. At some point, almost every driver questions if physical damage coverage is worth the money. There is no definitive rule to exclude physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle's replacement cost less your deductible, then you might want to consider buying only liability coverage.

There are some cases where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

Illustration showing the impact of accidents and violations

The common sense way to receive low auto insurance prices in Lubbock for single parents is to pay attention while driving and have a clean driving record. The information below illustrates how speeding tickets and at-fault collisions can increase insurance costs for different ages of insureds. The data is based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

The data charted above shows the average cost of car insurance in Lubbock per year with no violations or accidents is $1,682. Receive two speeding tickets and the average cost surges to $2,397, an increase of $715 each year. Now get two accidents along with the two speeding tickets and the annual cost of auto insurance for single moms increases to an average of $4,930. That's an increase of $3,248, or $271 per month, just for not driving carefully!

The illustration below illustrates how your choice of deductibles can raise or lower yearly insurance costs when researching cheap insurance for single moms. Data assumes a single male driver, comp and collision included, and no discounts are applied.

A 30-year-old driver could lower their car insurance rates by $422 a year by switching from a $100 deductible up to a $500 deductible, or save $634 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could lower their rates as much as $1,236 annually just by choosing higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it is essential to have enough spare savings to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Why are you paying too much for car insurance?

Lubbock auto insurance rates are determined by lots of factors that will increase or decrease the price of coverage. Getting older, having a claim, or getting into an accident can trigger rate changes that can now make some companies cheaper than competitors. In addition, insurers modify pricing as needed as an adjustment for underwriting gains or losses. Higher than normal claim frequency or severity can cause a rate increase, while a lower level of claims can cause lower-priced Lubbock car insurance rates.

To illustrate this example, the data below shows a variety of companies that have the cheapest car insurance in Lubbock, TX for a 30-year-old female driver with a clear driving record, no claims, and a good credit rating. If we compare prices based on her current rating profile, Travelers may offer the cheapest car insurance rates in Lubbock at $1,154 annually. This is $750 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remaining cheapest Lubbock, TX auto insurance companies.

The example below compares rates after we give the driver from the first example a claim or two, bad credit, and a few traffic violations. Because each company has a unique approach for determining rates, comparing quotes could result in a new list of companies as shown below.

USAA now has the lowest price on auto insurance in Lubbock with Mercury, State Farm, Nationwide, and Safe Auto now rounding out the top five. This example demonstrates why it is critical to do a thorough rate comparison to get the most economical car insurance rates for single moms. Auto insurance prices are determined by many different factors and change substantially, so the best option a year ago may now be wasting a lot of money.