Who Has the Cheapest Car Insurance for Ride Shares in Lubbock?

Determining which company quotes the best auto insurance rates for Uber drivers may require a little more sweat in order to find the best policy.

Every car insurance company uses a slightly different approach for setting prices, so let’s look at the rankings for the auto insurance companies that tend to be cheaper in Lubbock, TX. We do need to point out that Lubbock auto insurance rates are impacted by many things that can increase the price you have to pay. Getting older, filing a claim, or getting a few speeding tickets can cause premium changes resulting in some rates now being more affordable than the competition.

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Travelers normally has some of the cheapest car insurance rates in Lubbock at around $1,052 per year. USAA, Germania Mutual, Texas Farm Bureau, and Esurance are also some of the lowest-priced Lubbock, TX auto insurance companies.

As shown in the table above, if you are insured with Texas Farm Bureau and switched to USAA, you could realize a yearly savings of upwards of $163. Customers with Esurance might save as much as $281 a year, and California Casualty insureds might lower prices by up to $312 a year.

To find the cheapest rates for your vehicle, click here to start a quote or click through to the companies below.

These prices are averages across all drivers and vehicles and do not take into consideration an exact location for Uber drivers. So the company that fits your age and vehicle best may not even be in the top 23 companies shown above. That’s why you need to compare as many prices as possible using your own individual information.

For Uber vehicles, one of the big considerations that are used to help calculate insurance cost is the neighborhood you call home. Cities with larger populations or higher claim trends tend to pay more, whereas areas with less people or fewer weather incidents have the enjoyment of a little cheaper coverage.

The following table lists the highest-priced areas in Texas for Uber drivers to buy auto insurance in. Lubbock shows up at #15 costing $1,682 for coverage, which is around $140 monthly.

Rates are approximated as the specific garaging location can raise or lower insurance rates substantially.

The car, truck, or SUV to be insured is one of the biggest factors when comparison shopping for the most economical car insurance for Uber drivers. Vehicles with average performance, good crash test ratings, or a low likelihood of having liability claims will cost quite a bit less to insure than high performance models.

The next list ranks insurance rates for a handful of the most cost-effective vehicles to insure in Texas.

Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price information does not factor in vehicle garaging location which can affect coverage rates substantially.

Based upon the rates shown, models like the Ford Escape, Hyundai Elantra, Honda CR-V, and Chevrolet Impala are going to be some of the less-costly vehicles to insure for Uber vehicles.

The information below shows how choosing a deductible can raise or lower insurance costs when searching for cheap insurance for Uber drivers. The rates are based on a single female driver, comp and collision included, and no policy discounts are applied.

The data above shows that a 30-year-old driver could cut expenses by $344 a year by changing from a $100 deductible up to a $500 deductible, or save $520 by changing to a $1,000 deductible. Younger drivers, such as the Age 20 example, could drop their prices as much as $766 annually by using a higher deductible. When using a larger deductible, it’s a good idea to have plenty of discretionary funds to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Full coverage versus liability only rates

Saving money on auto insurance is important to most drivers, and one good way to buy cheaper insurance for Uber drivers is to only buy liability coverage. The chart below shows the difference between insurance premiums with full coverage compared to only the Texas minimum liability coverage. The data is based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are taken into consideration.

As an overall average, physical damage coverage costs $2,431 per year over and above liability only. That raises the question if buying full coverage is a waste of money. There is no set guideline to stop buying comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.

There are a few situations where only buying liability is not a good plan. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

How to get discounts on Lubbock auto insurance

Car insurance companies that provide coverage for Uber drivers may also give you discounts that could lower prices by as much as 35% or more if you meet specific eligibility requirements. The best auto insurance companies and the discounts they provide are shown below.

• State Farm includes discounts for multiple policy, driver’s education, Steer Clear safe driver discount, good driver, defensive driving training, and anti-theft.
• Nationwide discounts include good student, accident-free, multi-policy, anti-theft, easy pay, and Farm Bureau membership.
• GEICO offers discounts including defensive driver, anti-theft, good student, air bags, membership and employees, federal employee, and military active duty.
• AAA may have discounts that include pay-in-full, multi-policy, anti-theft, multi-car, education and occupation, and good student.
• 21st Century policyholders can earn discounts including teen driver, automatic seat belts, anti-lock brakes, air bags, defensive driver, and theft prevention.
• The Hartford has savings for defensive driver, vehicle fuel type, air bag, bundle, and driver training.

The chart below shows the difference between auto insurance costs with and without discounts applied to the premium. The premiums assume a female driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with defensive driving course, safe-driver, homeowner, claim-free, vehicle safety, and multiple vehicle discounts applied. With discounts applied, theamount saved on auto insurance for Uber drivers is 28% or $637.

The agents listed below are willing to aid you in deciding which coverages and limits you need, as lots of people like to have a professional recommendation when trying to find lower insurance rates for Uber vehicles. It can be challenging to find coverage yourself, and professional agents can provide you satisfaction knowing you have suitable coverage if you ever need to use it. To find an auto insurance agency close to where you live, click the button at the bottom of the list.

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