It’s well known that auto insurance companies want to keep your business as long as possible. Insureds who shop around for cheaper rates are highly likely to switch companies because there is a good chance of finding a more affordable policy. A survey found that drivers who routinely shopped for cheaper coverage saved over $860 a year compared to policyholders who don’t make a habit of comparing rates.
If finding the cheapest price for auto insurance in Lubbock is your ultimate target, understanding how to quote and compare cheaper coverage can help make the process easier.
It takes a few minutes, but the best way to get cheaper auto insurance rates in Lubbock is to regularly compare quotes from different companies who provide car insurance in Texas. You can shop around by completing these steps.
- Get an understanding of how auto insurance works and the things you can change to drop your rates. Many rating criteria that result in higher prices such as speeding tickets, careless driving and a bad credit score can be eliminated by improving your driving habits or financial responsibility. Later in this article we will cover instructions to help reduce prices and get additional discounts that may be available.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can quote rates from multiple companies. Compare rates now
- Compare the new rates to your existing policy and see if there is a cheaper rate in Lubbock. If you find a better price and decide to switch, ensure coverage does not lapse between policies.
- Provide written notification to your current company of your intention to cancel your current coverage and submit a down payment along with a signed application for your new coverage. Immediately put the new certificate verifying coverage in your vehicle.
One piece of advice is to compare similar coverage information on every price quote and and to get rates from as many companies as feasibly possible. Doing this provides an apples-to-apples comparison and the best price selection.
If you’re already insured or need a new policy, use these cost-cutting techniques to find the best rates and still get good coverage. Finding and comparing the lowest cost insurance coverage in Lubbock is not as difficult as people think. Consumers just have to use how to compare different rates from many different companies.
The following companies are our best choices to provide price comparisons in Texas. To find the best car insurance in Lubbock, TX, we recommend you get rates from several of them in order to get a fair rate comparison.
Learn How to Lower Your Insurance Costs
The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that help calculate auto insurance rates. When consumers understand what impacts premium levels, this allows you to make educated decisions that can help you get better auto insurance rates. Lots of factors are part of the equation when you quote your car insurance policy. A few of the factors are predictable like an MVR report, but other criteria are less apparent such as whether you are married or your financial responsibility.
Shown below are most of the major factors utilized by car insurance companies to help set your premiums.
Guys pay higher prices – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. Females and males cause auto accidents in similar percentages, but the men tend to have more serious accidents. Men also receive more costly citations such as reckless driving. Teenage male drivers cause the most accidents so it costs more to insure them.
High credit scores save money – Credit rating factor in determining what you pay for auto insurance. Drivers who have high credit scores tend to be more responsible as compared to drivers with lower ratings. So if your credit score can use some improvement, you could pay less to insure your Mazda MPV if you clean up your credit.
Youthful drivers pay high costs – More experienced drivers are more cautious drivers, statistically cause fewer accidents, and are generally more financially stable. Young drivers are known to get distracted easily in a vehicle and because of this, their auto insurance rates are much higher.
Never allow your policy to lapse – Driving without insurance coverage in place is a misdemeanor and you may have a hard time finding new coverage because you let your insurance lapse. And not only will insurance be more expensive, being ticketed for driving with no insurance may result in a steep fine or even jail time. You will then be forced to file a SR-22 with the Texas motor vehicle department to get your license reinstated.
Why auto insurance is not optional
Even though it’s not necessarily cheap to insure a Mazda in Lubbock, auto insurance may be mandatory for several reasons.
First, almost all states have minimum liability requirements which means state laws require a specific minimum amount of liability insurance coverage in order to drive the car legally. 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 took out a loan on your MPV, most banks will make it mandatory that you buy full coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank may buy a policy for your Mazda at a much higher premium rate and make you pay the higher price.
Third, auto insurance preserves both your car and your personal assets. Insurance will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if someone files suit against you as the result of an accident. If you have damage to your Mazda as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of buying enough insurance more than cancel out the cost, especially for larger claims. The average driver in America overpays more than $850 per year so shop around every year to ensure rates are competitive.
Ratings for Texas car insurance companies
Selecting a good quality insurance provider can be rather challenging considering how many different companies sell coverage in Lubbock. The ranking data in the next section could help you decide which providers to look at to insure your vehicles.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies