Compare Toyota Venza Insurance Rates in Lubbock

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Discount Toyota Venza insuranceDo you need a better way to compare lower-priced Toyota Venza insurance in Lubbock? Purchasing lower priced Lubbock Toyota Venza insurance quotes over the internet can appear to be somewhat intimidating for drivers not familiar with price shopping on the internet. Since there are so many companies, how are we expected to even start to compare every auto insurance company to find better rates?

It goes without saying that insurance companies want to keep you from comparing prices. Drivers who compare other prices are very likely to buy a new policy because there is a good chance of finding a lower-priced company. Remarkably, a study showed that consumers who routinely shopped around saved over $850 each year as compared to drivers who don't regularly compare prices.

If finding budget-friendly auto insurance is the reason for your visit, then learning about how to get free comparison quotes and analyze auto insurance can make the process less intimidating.

It's smart to price shop coverage once or twice a year since insurance prices are constantly changing. If you had the lowest rates on Toyota Venza insurance in Lubbock at your last renewal there is a good chance you can find better rate quotes now. Forget all the misinformation about auto insurance because we're going to demonstrate the fastest and easiest way to eliminate unnecessary coverages and save money on Toyota Venza insurance in Lubbock.

Cheap Lubbock Toyota Venza insurance

To find inexpensive Lubbock car insurance quotes, there are several ways to get quotes from many different Texas insurance companies. The easiest way to compare rates is to use the internet to compare rates. Just remember that getting more free quotes provides better odds of finding the best offered rates. Not every company provides rate quotes online, so it's necessary to compare rates from them, too.

The companies in the list below have been selected to offer comparison quotes in Texas. If you want to find cheap auto insurance in Lubbock, we recommend you visit as many as you can in order to get a fair rate comparison.

Rates and other information

The rate table displayed next covers estimates of insurance costs for Toyota Venza models. Having a better idea how insurance prices are determined can help guide drivers when making smart choices when comparing insurance quotes.

Toyota Venza Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $318 $684 $400 $24 $120 $1,546 $129
Venza AWD 4-Dr $318 $684 $400 $24 $120 $1,546 $129
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Table data does not factor in vehicle garaging location which can increase or decrease insurance rates substantially.

Should you raise deductibles?

One common question asked by Lubbock drivers is which deductibles should you choose. The comparison tables below sum up the difference in cost of buying low and high physical damage coverage deductibles. The first data table uses a $100 physical damage coverage deductible and the second price grid uses a $500 deductible.

Toyota Venza insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $370 $698 $382 $22 $114 $1,611 $134
Venza AWD 4-Dr $370 $698 $382 $22 $114 $1,611 $134
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Toyota Venza insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $270 $472 $382 $22 $114 $1,260 $105
Venza AWD 4-Dr $270 $472 $382 $22 $114 $1,260 $105
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate information does not factor in garaging location in Lubbock which can raise or lower premiums significantly.

We can derive from the above data that using a $100 deductible costs an average of $29 more each month or $348 for a full year than choosing the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 14 months between claims, you would come out ahead if you opt for a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $100 deductibles: $134
Average monthly premium for $500 deductibles (subtract): - $105
Monthly savings from raising deductible: $29
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

An important thing to remember is that a higher deductible level results in having to pay to pay more out-of-pocket if you have a claim. You must have access to more funds in the event you need to pay the higher deductible in order to repair your vehicle.

Toyota Venza insurance rates by gender in Lubbock

The chart below illustrates the difference between Toyota Venza auto insurance costs for male and female drivers. The premiums assume no claims or driving violations, full physical damage coverage, $250 deductibles, single status, and no additional discounts are factored in.

Liability only or full coverage

The illustration below illustrates the difference between Toyota Venza car insurance rates with full coverage and liability only. The premium estimates are based on no violations or accidents, $100 deductibles, drivers are single, and no other discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no definitive guideline to stop paying for full coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Toyota Venza claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 a year for your policy with full coverage, then it might be time to buy liability only.

There are some cases where removing full coverage is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should maintain full coverage.

Independent versus exclusive car insurance agents

Many people still like to talk to a local agent and doing so can bring peace of mind An additional benefit of getting online price quotes is that you can obtain cheaper premium rates but also keep your business local. Putting coverage with local agents is still important in Lubbock.

Insurance agency in LubbockBy using this form (opens in new window), your coverage information is sent to participating agents in Lubbock who will give you bids and help you find cheaper coverage. You don't have to search for an agent due to the fact that quote results will go immediately to you. You can find better rates AND an agent nearby. If for some reason you want to compare prices from a specific insurance company, just go to their quote page and give them your coverage information.

Pick the best car insurance agent in Lubbock for you

When looking for a reliable insurance agent, it can be helpful to understand the types of agencies and how they differ in how they quote coverages. Car insurance agents can either be independent or exclusive.

Independent Agencies or Brokers

Independent insurance agents can quote rates with many companies and that gives them the ability to insure through many different car insurance companies and find the cheapest rate. If prices rise, your agent can just switch to a different company and you won't have to switch agencies.

When comparison shopping, it's a good idea to include price quotes from at least one independent agent to have the best price comparison. They also have the ability to place coverage with smaller companies which may provide better rates.

The following is a list of independent insurance agents in Lubbock that may be able to provide free car insurance quotes.

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Exclusive Car Insurance Agents

Agents in the exclusive channel can usually just insure with one company like Farmers Insurance, State Farm, or Allstate. They usually cannot provide rate quotes from other companies so keep that in mind. Exclusive agents are well trained on their products and sales techniques and that enables them to sell even at higher rates. Some people will only buy from exclusive agents mainly due to loyalty to the company and strong financial ratings.

Listed below are Lubbock exclusive insurance agents willing to provide comparison quotes.

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Choosing an auto insurance agent should include more criteria than just a cheap price. Any good agent in Lubbock should know the answers to these questions.

  • Does the agent help file claims?
  • Is every driver in your family covered?
  • Will they make sure you get an adequate claim settlement?
  • What companies can they write with?
  • Has the agent ever had any license suspensions?
  • Does the agency have a good rating with the Better Business Bureau?
  • Do you qualify for any additional discounts?