Are you regretting the purchase of an under-performing, overpriced car insurance policy? Don't sweat it because many Lubbock consumers feel financially strained by their car insurance policy.
Amazingly, a recent NerdWallet.com study showed that most car insurance policyholders have purchased from the same company for a minimum of four years, and almost half have never compared rates to find cheap insurance. Most drivers in Texas could pocket up to 70% a year by just shopping around, but they just don't understand how easy it is to compare rates and save money.
How to save on Hummer H2 insurance in Lubbock
The preferred way to get budget Hummer H2 insurance is to do an annual price comparison from insurers who can sell car insurance in Lubbock. Rate comparisons can be done by following these guidelines.
- Step 1: Read and learn about how your policy works and the things you can control to drop your rates. Many risk factors that increase rates such as accidents, traffic tickets, and poor credit can be rectified by making small lifestyle or driving habit changes.
- Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Allstate, while independent agents can provide rate quotes from multiple sources.
- Step 3: Compare the new rate quotes to the price on your current policy and see if you can save money. If you can save money and switch companies, make sure there is no coverage gap between policies.
- Step 4: Tell your current agent or company of your intention to cancel your current policy. Submit a down payment along with a signed application to your new agent or company. Be sure to place your new certificate verifying coverage in your vehicle's glove compartment or console.
The most important part of shopping around is to try to use identical coverages on every quote and and to compare as many different companies as possible. Doing this enables an apples-to-apples comparison and a complete price analysis.
Numerous auto insurance companies battle to insure your vehicles, and it can be difficult to compare rates and get the best coverage at the lowest rate possible on Hummer H2 insurance in Lubbock.
You need to take a look at other company's rates quite often since prices are constantly changing. Despite the fact that you may have had the best deal on Hummer H2 insurance in Lubbock a couple years back a different company probably has better premium rates today. Ignore everything you know about car insurance because I'm going to teach you the proper way to properly buy coverages and cut your premium.
If you are already insured, you stand a good chance to be able to save money using the techniques presented in this article. Buying affordable insurance in Lubbock is much easier if you have a good place to start. Although Texas car owners must know the way insurance companies determine premium rates and use it to find better rates.
Lubbock Insurance Premiums are Influenced by These Factors
One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that help determine your policy premiums. If you understand what controls the rates you pay, this allows you to make good choices that can help you get lower premium levels. Many things are part of the equation when premium rates are determined. Some factors are common sense like your driving record, but other criteria are not as apparent such as your credit history or how safe your car is.
File car insurance claims and pay more - If you're an insured who likes to file claims you should expect much higher rates or policy non-renewal. Auto insurance companies in Texas award discounts to people that do not abuse their auto insurance. Insurance coverage is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.
Discounts for alarm systems - Choosing to buy a car with a theft deterrent system can help lower your premiums. Advanced theft deterrents like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your vehicle from being stolen.
Liability protection is cheap - Liability insurance will provide protection in the event that you are responsible for an accident. Your liability coverage provides you with a defense in court to attempt to prove you were not liable. This coverage is relatively inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
Your stress level may be raising your prices - Careers like military generals, architects, and dentists are shown to have higher average rates due to high stress and long work hours. On the flip side, occupations such as actors, engineers and the unemployed receive lower rates.
Lower comp and collision deductibles cost more - Deductibles for physical damage tell how much you are required to pay if you file a covered claim. Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of some claims that would be covered would be a windshield broken by a bird, damage caused by hail, and damage caused by road hazards. The higher the amount you are required to pay out-of-pocket, the better rate you will receive.
Rates increase with driving citations - Being a careful driver has a big impact on rates. Good drivers tend to pay less for car insurance than people who have multiple driving citations. Just one speeding ticket can boost insurance rates by as much as thirty percent. Drivers who have received flagrant violations like DUI, reckless driving or excessive speeding might be required by their state to submit a SR-22 or proof of financial responsibility with their state's department of motor vehicles in order to legally drive a vehicle.
The are a couple different ways to compare quotes from local Lubbock auto insurance companies. The quickest method to compare rates is to jump online and get quotes.
Comparing quotes online is fast and free, and it replaces the need to call or drive to all the different Lubbock insurance agencies. Buying insurance online eliminates the middleman unless you have a need for the personal advice of a local Lubbock agent. Although you can comparison shop your insurance online and still use a local agent. When price shopping your coverage, comparing a large number of companies helps you find the best rates.
The companies shown below are our best choices to provide price comparisons in Texas. If your goal is to find cheap auto insurance in Lubbock, we suggest you visit as many as you can to get the most competitive price.
Why you need insurance
Despite the high insurance cost for a Hummer H2 in Lubbock, paying for insurance may be required and benefits you in several ways.
First, most states have minimum liability requirements which means the state requires specific limits of liability coverage in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your H2, most banks will require that you have physical damage coverage to ensure they get paid if you total the vehicle. If you default on your policy, the bank may buy a policy for your Hummer at an extremely high rate and require you to pay the higher price.
Third, insurance safeguards both your assets and your car. It will also provide coverage for medical bills for you, any passengers, and anyone injured in an accident. Liability insurance will also pay for a defense attorney if you cause an accident and are sued. If you have damage to your Hummer as the result of the weather or an accident, your insurance policy will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance are without a doubt worth the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is overpaying over $865 each year so compare rates every year to ensure rates are inline.
Hummer H2 insurance discounts in Lubbock
Auto insurance can be pricey, but discounts can save money and there are some available that can dramatically reduce your bill. Some discounts will apply at the time of quoting, but occasionally some discounts must be asked about before you will receive the discount.
- Discounts for Multiple Vehicles - Purchasing coverage when you have multiple cars on a single policy can get a discount for every vehicle.
- Save over 55 - Mature drivers may receive a slight reduction on a Lubbock auto insurance quote.
- Full Payment Discount - By paying your policy upfront instead of making monthly payments you can avoid the installment charge.
- Paper-free Discount - A few larger online companies give back up to $50 for buying your policy over the internet.
- Early Renewal Discounts - Some insurance companies reward drivers for buying a policy before your current H2 insurance policy expires. It's a savings of about 10%.
- Resident Student - Kids living away from Lubbock attending college and leave their car at home may qualify for this discount.
- Student Discounts - Getting good grades may save you up to 25%. The good student discount can last up to age 25.
Don't be surprised that most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as comprehensive or collision. Just because it seems like you could get a free auto insurance policy, company stockholders wouldn't be very happy. But any discount will reduce your policy cost.
To choose companies with the best Hummer H2 insurance discounts in Lubbock in Texas, click here.
Auto insurance quotes from local Lubbock insurance agencies
A small number of people still prefer to sit down with an agent and there is nothing wrong with that. A good thing about getting free rate quotes online is that you can obtain cheaper car insurance rates and still choose a local agent.
By using this form (opens in new window), the quote information is sent to insurance agents in Lubbock that can provide free Lubbock auto insurance quotes for your insurance coverage. There is no need to visit any agencies as quotes are delivered directly to your email. You'll get the best rates and work with a local agent. If you have a need to compare prices from a specific company, just find their quoting web page and fill out the quote form the provide.
Picking an provider requires you to look at more than just the price. These questions are important to ask:
- Do they reduce claim amounts on high mileage vehicles?
- Does the quote include credit and driving reports?
- How long has their agency been in business in Lubbock?
- Has the agent ever had any license suspensions?
- How are claims handled?
- Will the company cover a rental car if your car is getting fixed?
When looking for local Lubbock agents, you need to know there are two different types of agencies that you can choose from. Insurance agencies in Lubbock are either exclusive or independent (non-exclusive).
Agents that elect to be exclusive can only write with one company and examples are Allstate, State Farm and Farm Bureau. These agents are unable to provide other company's prices so if the price isn't competitive there isn't much they can do. They are usually quite knowledgeable on their company's products which helps them sell insurance even at higher premiums.
Below are Lubbock exclusive agencies willing to provide price quote information.
Independent Insurance Agents
Agents that elect to be independent are appointed with more than one company so they have the ability to put coverage with a variety of different insurance companies and find the cheapest auto insurance rates. If premiums increase, the agent simply finds a different carrier and you won't have to switch agencies. When comparing auto insurance rates, it's a good idea to contact a few independent agents in order to have the best price comparison.
The following is a short list of independent agents in Lubbock who can help you get price quote information.
Lubbock auto insurance companies ranked
Choosing a good quality insurer is difficult considering how many companies there are to choose from in Texas. The rank data in the lists below can help you pick which insurers to look at comparing rates from.
Top 10 Lubbock Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Top 10 Lubbock Car Insurance Companies by A.M. Best Rank
- Travelers - A++
- USAA - A++
- GEICO - A++
- State Farm - A++
- Titan Insurance - A+
- Esurance - A+
- Progressive - A+
- The Hartford - A+
- Allstate - A+
- Nationwide - A+
Keep this in mind when shopping around
When searching for low cost Lubbock auto insurance quotes, never skimp on critical coverages to save a buck or two. There are many occasions where an insured cut physical damage coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your strategy should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.
Throughout this article, we presented many ideas to shop for Hummer H2 insurance online. The key concept to understand is the more providers you compare, the better likelihood of getting affordable Hummer H2 insurance quotes. Drivers may even discover the lowest rates come from a lesser-known regional company. These smaller insurers may only write in your state and offer lower auto insurance rates compared to the large companies like State Farm and Allstate.
How to find cheaper rates for Hummer H2 insurance in Lubbock
If you want to save money, the best way to get budget car insurance rates in Lubbock is to annually compare prices from different companies who provide auto insurance in Texas.
Step 1: Try to comprehend auto insurance and the changes you can make to drop your rates. Many rating factors that increase rates such as tickets, at-fault accidents, and a substandard credit history can be controlled by making minor changes in your lifestyle.
Step 2: Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes for a wide range of companies. Compare rates now
Step 3: Compare the new rate quotes to your existing rates to determine if you can save on H2 insurance in Lubbock. If you can save money and buy the policy, make sure there is no coverage gap between policies.
Step 4: Provide adequate notice to your current company of your intention to cancel your existing policy. Submit the required down payment along with the signed application to the newly selected company. As soon as you have the new policy, safely store the proof of insurance certificate along with your vehicle registration.
An important part of this process is to use the same amount of coverage on every price quote and and to look at as many different companies as possible. This enables the most accurate price comparison and the best price selection.
Additional learning opportunities
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Who Has the Cheapest Auto Insurance for High School Students in Lubbock? (FAQ)
- What Car Insurance is Cheapest for Hybrid Vehicles in Lubbock? (FAQ)
- Who Has Cheap Car Insurance Rates for Business Use in Lubbock? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Active Military in Lubbock? (FAQ)
- How Much is Lubbock Auto Insurance for Real Estate Agents? (FAQ)
- Who Has Cheap Car Insurance for Used Cars in Lubbock? (FAQ)
- What is a Telematics Device? (Allstate)
- Event Data Recorders FAQ (iihs.org)
- Rental Car Insurance Tips (Insurance Information Institute)
- Avoiding Deer Collisions (Insurance Information Institute)