It’s a fact that insurance companies want to keep you from shopping around. Insureds who shop around once a year will, in all likelihood, switch auto insurance companies because there is a high probability of finding a cheaper policy. A recent study showed that drivers who made a habit of comparing rate quotes saved about $3,450 over four years as compared to drivers who never shopped around for better prices.
If finding low prices for car insurance is your objective, learning how to get rate quotes and compare auto insurance can make it easier to find better rates.
The recommended way to get cheaper Hyundai Tiburon insurance in Lubbock is to start comparing prices regularly from different companies who sell auto insurance in Texas.
First, spend some time learning about auto insurance and the modifications you can make to keep rates low. Many risk factors that result in higher rates like inattentive driving and a poor credit rating can be eliminated by making minor driving habit or lifestyle changes.
Second, quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from a single company like GEICO or Allstate, while agents who are independent can provide rate quotes from multiple companies.
Third, compare the new quotes to your existing rates and see if there is a cheaper rate. If you can save some money and decide to switch, make sure coverage is continuous and does not lapse.
Fourth, provide adequate notice to your current company of your decision to cancel your current car insurance policy and submit a down payment along with a completed application to the new insurer. Immediately put the proof of insurance certificate with the vehicle registration.
One thing to point out is to use similar limits and deductibles on each quote and and to analyze every insurance company. This guarantees an accurate price comparison and the best price quote selection.
Getting quotes for the best policy in Lubbock can be fairly easy. If you are insured now or just want cheaper rates, you will benefit by learning to find better prices and possibly find even better coverage. Vehicle owners only have to learn how to quote multiple rates on the web.
Cutting your Lubbock insurance rates can be quick and easy. The only thing you need to do is take the time to compare rates to see which company has inexpensive Lubbock car insurance quotes.
Getting price quotes online is very simple and it takes the place of having to physically go to all the different Lubbock insurance agencies. Shopping for insurance online has made agencies unnecessary unless you’re the type of person who wants the professional advice of an agent trained in personal lines coverage. Drivers can compare the best prices online and still use a local agent.
The car insurance companies shown below provide free rate quotes in Lubbock, TX. If you wish to find cheaper car insurance in TX, we recommend you get rates from several of them to get the best price comparison.
Three reasons car insurance is important
Despite the high cost of buying insurance for a Hyundai Tiburon in Lubbock, paying for car insurance may be required for several reasons.
- Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability coverage if you drive a 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.
- If your vehicle has a loan, most banks will require you to have physical damage coverage to guarantee loan repayment. If coverage lapses or is canceled, the bank will be required to insure your Hyundai for a lot more money and force you to pay the higher price.
- Car insurance protects both your assets and your vehicle. It will also reimburse you for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance more than offset the price you pay, particularly when you have a large claim. Today the average American driver is currently overpaying as much as $850 per year so smart consumers compare quotes at least once a year to make sure the price is not too high.
Car insurance specifics
Learning about specific coverages of your policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types available from car insurance companies.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Hyundai Tiburon.
Since many Texas drivers carry very low liability coverage limits (Texas limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages do not exceed the liability coverage limits.
Comprehensive (Other than Collision)
This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as damage from a tornado or hurricane, fire damage and vandalism. The most your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Liability car insurance
This can cover damages or injuries you inflict on other’s property or people that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 30/60/25 which means a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability can pay for claims like bail bonds, medical expenses, court costs and repair costs for stationary objects. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible. Texas state law requires minimum liability limits of 30/60/25 but it’s recommended drivers buy more coverage.
The chart below shows why the minimum limit may not be high enough to adequately cover claims.
Medical expense insurance
Med pay and PIP coverage provide coverage for expenses for X-ray expenses, surgery and prosthetic devices. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage
Coverage for collisions
Collision insurance covers damage to your Tiburon resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as backing into a parked car, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible on your Tiburon to get cheaper collision coverage.
One last thing to lower rates
You just learned a lot of information how to lower your Hyundai Tiburon insurance premium rates in Lubbock. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from an unexpected company. Regional companies may only write in your state and offer lower prices as compared to the big name companies such as Progressive or GEICO.
Cost effective Hyundai Tiburon insurance can be bought both online as well as from independent agents in Lubbock, and you need to price shop both so you have a total pricing picture. Some companies may not provide online rate quotes and most of the time these small, regional companies only sell through independent agents.
Additional detailed information is located by following these links:
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Who Has Affordable Car Insurance for a Dodge Grand Caravan in Lubbock? (FAQ)
- How Much are Car Insurance Rates for a GMC Acadia in Lubbock? (FAQ)
- What Insurance is Cheapest for Drivers with a Bad Driving Record in Lubbock? (FAQ)
- What Auto Insurance is Cheapest for Low Mileage Drivers in Lubbock? (FAQ)
- State Laws for Cellphones and Texting (iihs.org)
- Shopping for a Safe Car (Insurance Information Institute)