Find Affordable Toyota Camry Insurance in Lubbock

We don’t have to point out that fact that insurance companies don’t want you quoting rates from other companies. People who shop around for cheaper rates will, in all likelihood, buy a different policy because there is a significant possibility of finding lower prices. A recent car insurance study revealed that people who shopped around annually saved as much as $865 annually as compared to drivers who never shopped around for cheaper prices.

If finding budget-friendly auto insurance in Lubbock is your ultimate objective, then understanding how to find and compare insurance coverage can save time and money.

Insurance for Toyota CamryTruthfully, the best way to find cheaper prices for car insurance rates in Lubbock is to start doing a yearly price comparison from insurers in Texas.

  1. Read about what is in your policy and the steps you can take to prevent high rates. Many rating factors that cause high rates such as multiple speeding tickets and a poor credit rating can be amended by making minor changes to your lifestyle. Continue reading for additional ideas to find cheap rates and earn larger discounts.
  2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from one company like GEICO and State Farm, while independent agencies can provide rate quotes from multiple sources.
  3. Compare the new rates to the premium of your current policy to see if cheaper Camry coverage is available in Lubbock. If you find a better price and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Provide notification to your current agent or company of your intent to cancel your current coverage and submit the required down payment along with the signed application to your new carrier. As soon as you receive it, place the new certificate of insurance in an accessible location in your vehicle.

The key aspect of shopping around is to make sure you’re comparing identical coverages on every price quote and and to get price estimates from as many different companies as possible. Doing this ensures an accurate price comparison and the best price quote selection.

Eight Things That Influence Your Insurance Premiums

Lots of factors are part of the equation when you get your auto insurance bill. Some are pretty understandable such as your driving history, but some are not quite as obvious like your continuous coverage or your financial responsibility. The best way to find cheaper auto insurance is to take a look at some of the things that are used to determine the rates you pay for auto insurance. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you big savings.

Shown below are a few of the “ingredients” utilized by car insurance companies to help set your rate level.

Compare Toyota Camry insurance rates

Just remember that comparing all the rates in your area will increase your chances of finding a lower rate.

The companies shown below are ready to provide quotes in Texas. To get the best car insurance in Lubbock, it’s highly recommended you visit two to three different companies in order to find the lowest rates.

Premium rates and analysis

The information below showcases detailed analysis of prices for Toyota Camry models. Having a good understanding how insurance quotes are determined can be useful when making smart choices when buying a car insurance policy.

Toyota Camry Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $254 $512 $430 $26 $128 $1,350 $113
Camry SE $254 $602 $430 $26 $128 $1,440 $120
Camry XLE $254 $602 $430 $26 $128 $1,440 $120
Camry Hybrid $286 $602 $486 $28 $146 $1,548 $129
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in zip code location which can influence auto insurance rates noticeably.

Physical damage deductibles: Should you raise them?

A question often asked by Lubbock drivers is which deductibles should you choose. The tables below sum up how much more you’ll pay when you choose different coverage deductibles. The first table uses a $100 deductible and the second set of rates uses a $1,000 deductible.

Toyota Camry insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $328 $592 $382 $22 $114 $1,463 $122
Camry SE $328 $698 $382 $22 $114 $1,569 $131
Camry XLE $328 $698 $382 $22 $114 $1,569 $131
Camry Hybrid $370 $698 $430 $26 $128 $1,677 $140
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Toyota Camry insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $182 $312 $382 $22 $114 $1,012 $84
Camry SE $182 $368 $382 $22 $114 $1,068 $89
Camry XLE $182 $368 $382 $22 $114 $1,068 $89
Camry Hybrid $206 $368 $430 $26 $128 $1,158 $97
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Information does not factor in Lubbock location which can affect insurance rates greatly.

Based on these figures, using a $100 deductible costs approximately $41 more each month or $492 a year averaged for all Camry models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 22 months between claims, you would probably save some money if you choose the higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $131
Average monthly premium for $1,000 deductibles (subtract): – $90
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One big caveat is that higher deductibles means you will have to pay more out-of-pocket if you have a claim. You should have some non-essential savings in order to pay the deductible to have repairs made.

The chart below demonstrates how choosing different deductibles and can raise or lower Toyota Camry insurance premiums for different ages of insureds. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are applied.

Safe drivers pay less for insurance

The information below illustrates how violations and accidents can increase Toyota Camry insurance costs for each different age category. The data is based on a married male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

Insurance rates by gender and age

The information below shows the difference between Toyota Camry premium costs for male and female drivers. The premiums are based on no violations or claims, full physical damage coverage, $250 deductibles, single status, and no discounts are applied.

Difference between liability only and full coverage rates

The information below illustrates the comparison of Toyota Camry car insurance costs with full coverage and liability only. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no clear-cut formula to stop buying physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Toyota Camry settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $8,000 after paying your deductible. If premium cost is more than $800 annually for full coverage, then you may want to consider only buying liability coverage.

There are some circumstances where only buying liability is not recommended. If you still have a lienholder on your title, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Three reasons to not skimp on insurance

Even though it can be expensive, insuring your vehicle is required for several reasons.

The benefits of having insurance outweigh the cost, especially if you ever need it. As of last year, the average driver in Texas overpays more than $850 per year so we recommend shopping around at every policy renewal to help ensure money is not being wasted.

Get cheaper Toyota Camry insurance rates in Lubbock

Auto insurance is not cheap nor is it fun to buy but you may qualify for discounts that many people don’t even know exist. Some discounts will apply at the time of purchase, but some must be manually applied before you get the savings.Cheaper auto insurance with discounts

A little note about advertised discounts, most discounts do not apply to the whole policy. Most only apply to individual premiums such as liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will reduce your policy cost.

The chart below shows the comparison of Toyota Camry annual premium costs with and without discounts applied to the policy rates. The costs are based on a female driver, no violations or claims, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, multi-car, marriage, and homeowner discounts applied.

A few of the larger companies and some of the premium reductions they offer can be read below.

When comparing rates, check with each company or agent what discounts are available to you. All car insurance discounts may not be available in your state.

Local insurance agents

Some people still like to buy from a local agent and that can be a smart move One of the great benefits of comparing rates online is you may find cheap car insurance quotes but also keep your business local. Supporting neighborhood agents is important particularly in Lubbock.

Insurance agency in LubbockBy using this short form, the coverage information is emailed to participating agents in Lubbock that can provide free Lubbock auto insurance quotes for your insurance coverage. You never need to find an agent on your own since rate quotes are delivered to your email. You can find lower rates AND a local agent. If you want to quote rates for a specific company, you would need to jump over to their website and fill out the quote form the provide.

If you prefer to buy car insurance from local Lubbock agents, there are two different agency structures and how they can service your needs differently. Car insurance agencies can be categorized as either independent or exclusive.

Independent Car Insurance Agents (or Brokers)

Independent agents are not locked into one company so they can quote policies amongst many companies enabling the ability to shop coverage around. If prices rise, they can switch companies in-house without you having to go to a different agency. When comparing car insurance rates, you need to include rate quotes from a few independent agents to get the most accurate price comparison.

Listed below is a list of independent insurance agents in Lubbock that may be able to provide rate quotes.

1810 50th StLubbock, TX 79412(806) 747-4422View Map

3405 19th StLubbock, TX 79410(806) 792-3771View Map

2413 20th StLubbock, TX 79411(806) 763-2886View Map

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Exclusive Car Insurance Agencies

These type of agents can only place business with one company such as Farmers Insurance or State Farm. Exclusive agents cannot provide rate quotes from other companies so you might not find the best rates. These agents receive extensive training on their company’s products which aids in selling service over price.

Below is a short list of exclusive insurance agents in Lubbock that can give you price quote information.

5910 130th St #101Lubbock, TX 79424(806) 701-5234View Map

5740 82nd StLubbock, TX 79424(806) 799-4651View Map

Allstate Insurance Agent: Bill Eggar
10101 Quaker AveLubbock, TX 79424(806) 792-5200View Map

View more Lubbock agents

Finding a good insurance agency shouldn’t rely on just a cheap price quote. You should also get answers to these questions.

What is the best car insurance company in Lubbock?

Choosing a high-quality insurer is difficult considering how many companies sell insurance in Lubbock. The company information displayed below may help you decide which companies to look at when comparing rates.

Top 10 Lubbock Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

When do I need an agent’s advice?

When it comes to insurance from an agent or online for your personal vehicles, there really is no “perfect” insurance plan. You are unique so this has to be addressed.Safe vehicles cost less to insure
For example, these questions may help you determine whether your personal situation may require specific advice.

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Smart consumers save more

Low-cost Toyota Camry insurance in Lubbock can be sourced online as well as from insurance agents, and you should be comparing both in order to have the best chance of saving money. Some car insurance companies may not offer online price quotes and these smaller companies work with independent insurance agents.

In this article, we presented many tips how you can save on Toyota Camry insurance in Lubbock. The key concept to understand is the more rate quotes you have, the better likelihood of getting cheaper Lubbock auto insurance quotes. Consumers may even find the lowest rates are with a small mutual company. These companies may often insure only within specific states and give better rates than their larger competitors like Allstate or State Farm.

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