Who Has the Cheapest Lubbock Auto Insurance Quotes for a Toyota RAV4?

Finding the best cheap car insurance for a Toyota RAV4 in Texas is fairly simple, but it relies on a pretty complex algorithm that uses a lot of factors such as whether you are married or single, if you are a frequent claim filer, and physical damage deductibles. Texas drivers will pay around $1,428 a year for RAV4 insurance, but that amount is an estimation using a 40-year-old single male driver with full physical damage coverage and $100 deductibles.

If we were betting, you’re not a 40-year-old male, maybe you are married instead of single, or maybe you live in a different area as the quoted rates. This demonstrates why the only real way to find the cheapest insurance price for your Toyota is to just compare rates yourself.

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Toyota RAV4 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $322 $682 $462 $28 $138 $1,632 $136
RAV4 Sport 2WD $322 $682 $462 $28 $138 $1,632 $136
RAV4 4WD $322 $682 $462 $28 $138 $1,632 $136
RAV4 Limited 2WD $322 $682 $462 $28 $138 $1,632 $136
RAV4 Limited 4WD $322 $682 $462 $28 $138 $1,632 $136
RAV4 Limited 4WD $322 $682 $462 $28 $138 $1,632 $136
RAV4 Sport 4WD $322 $682 $462 $28 $138 $1,632 $136
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Price information does not factor in Lubbock location which can impact coverage prices noticeably.

Establishing which insurers offer the best insurance rates for a Toyota RAV4 involves a bit more work than just comparing a company or two.

Each auto insurer has a proprietary method for setting rates, so we’ll go over the insurance companies with the overall best prices in Texas. Keep in mind that Lubbock, TX insurance rates are influenced by many factors which can significantly increase or decrease the policy price. Simply improving your credit, buying another vehicle, or getting into an accident can produce rate changes that can cause some rates to be cheaper than before.

Best Cheap Insurance Rates for Your Toyota

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Who has the cheapest car insurance in Texas?
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,084
3 Germania Mutual $1,244
4 Texas Farm Bureau $1,247
5 California Casualty $1,396
6 Esurance $1,421
7 State Farm $1,465
8 Mercury $1,506
9 Safe Auto $1,597
10 Nationwide $1,600
11 Allstate $1,701
12 Progressive $1,715
13 Amica $1,723
14 Home State $2,092
15 GEICO $2,135
16 MetLife $2,183
17 Unitrin $2,310
18 Encompass $2,324
19 21st Century $2,469
20 Titan $2,672
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Travelers quotes some of the cheapest car insurance rates in Lubbock at around $1,041 a year. USAA, Germania Mutual, Texas Farm Bureau, and California Casualty also qualify as some of the most economical Lubbock, TX insurance companies.

In the rate table above, if you currently have a policy with USAA and switched to Travelers, you may realize yearly savings of upwards of $43. Customers with Germania Mutual may save as much as $203 a year, and Texas Farm Bureau customers might lower prices by $206 a year.

It’s important to note that these policy prices are averaged for all drivers and vehicles and and are not calculated with an exact zip code location for a Toyota RAV4. So the auto insurance company that can offer you the best rate may not even be in the top 23 companies shown above. That is why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

The diagram below shows how choosing a deductible can raise or lower yearly insurance costs when researching cheap insurance for a Toyota RAV4. The prices are based on a married female driver, full coverage, and no policy discounts are applied.

In the chart above, a 30-year-old driver could lower rates by $362 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $546 by choosing a $1,000 deductible. Even younger drivers, like the age 20 example, could reduce their rates as much as $772 every year by using a higher deductible. When raising deductibles, it will be required to have enough in a savings account to allow you to pay the extra out-of-pocket expense associated with higher deductibles.

Why you should be comparing rates

Lubbock insurance rates are determined by lots of factors which can significantly increase or decrease the cost of your policy. Simply turning a year older, filing a claim, or getting a DUI may cause policy rate changes that can cause some rates to be more affordable than before. In addition, insurance companies file new Texas auto insurance rates every year or even multiple times each year in order to offset underwriting gains or losses. Higher than normal claims may result in higher rates, while profitable underwriting can cause cheaper RAV4 insurance rates.

To help illustrate this point, the bar chart below shows which companies have the cheapest car insurance in Lubbock, TX for a 30-year-old female driver with no accidents, a clean driving record, and a good credit history. If we compare prices based on her personal risk profile, Travelers might quote the most affordable car insurance rates in Lubbock at $1,177 per year. This is $727 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the list of the best Lubbock, TX auto insurance companies.

In the next rate comparison, we’ll give the driver from the above example a couple of claims, poor credit, and an imperfect driving record. Since each auto insurer has a unique approach to set policy rates, comparing quotes could result in a significantly different list of the cheapest companies as shown below.

State Farm now has the cheapest insurance rate in Lubbock, TX with Mercury, Nationwide, Safe Auto, and USAA completing the list. This example proves why it is crucial to perform a complete rate comparison when trying to get affordable insurance quotes for a Toyota RAV4. Auto insurance prices are calculated by many different factors and can increase or decrease at any time, so the most economical option three years ago may now not even be in the top five.