If you want to save money, the best way to get cheaper car insurance rates in Lubbock is to compare quotes once a year from insurers who provide auto insurance in Texas.
Step 1: Spend some time learning about how insurance companies determine prices and the things you can change to keep rates in check. Many risk factors that are responsible for high rates such as speeding tickets, careless driving and an unfavorable credit rating can be eliminated by making minor changes in your lifestyle.
Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agencies can provide price quotes for a wide range of insurance providers. View prices
Step 3: Compare the quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate and switch companies, make sure coverage does not lapse between policies.
Step 4: Provide written notification to your current company to cancel your current car insurance policy. Submit a signed application and payment to your new insurance company. Immediately upon receiving it, place your new proof of insurance certificate with your vehicle’s registration.
A good piece of advice is to use identical deductibles and limits on each quote request and and to get price estimates from as many different companies as possible. This ensures an apples-to-apples comparison and the best rate selection.
We don’t have to point out that fact that car insurance companies want to keep you from comparing prices. Consumers who compare rates at least once a year will presumably buy a new policy because of the good chance of finding coverage at a cheaper rate. A recent study showed that consumers who regularly shopped around saved over $865 a year compared to those who never compared rates.
If finding the best price on Hyundai Accent insurance in Lubbock is why you’re here, understanding how to get rate quotes and compare insurance can help you succeed in saving money.
Low Cost Hyundai insurance prices in Lubbock
The companies shown below offer quotes in Texas. To get cheap auto insurance in Lubbock, TX, we suggest you click on several of them in order to get a fair rate comparison.
Insurance rate breakdown
The premium information shown next highlights estimates of coverage prices for Hyundai Accent models. Understanding how rate quotes are determined can help drivers make informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$210||$476||$366||$22||$110||$1,184||$99|
|Accent GS 2-Dr Hatchback||$246||$580||$366||$22||$110||$1,324||$110|
|Accent GLS 4-Dr Sedan||$246||$684||$486||$28||$146||$1,590||$133|
|Accent SE 2-Dr Hatchback||$282||$788||$366||$22||$110||$1,568||$131|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can influence prices greatly.
Full coverage versus liability-only in Lubbock
The example below shows the difference between Hyundai Accent insurance prices with full coverage and liability only. The premium estimates are based on no violations or claims, $100 deductibles, single status, and no other discounts are factored in.
When to stop buying physical damage coverage
There is no exact rule of when to drop physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s pretend your Hyundai Accent settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying your policy deductible. If premiums are more than $800 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few cases where removing full coverage is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not buy liability only.
Discounts can help lower rates on Hyundai Accent insurance in Lubbock
Car insurance can cost a lot, but there may be some discounts to cut the cost considerably. A few discounts will be applied when you quote, but once in a while a discount must be requested specifically before they will apply.
- Low Mileage Discounts – Maintaining low annual mileage could be rewarded with discounted premium rates on garaged vehicles.
- Paper-free Discount – Some of the larger companies will give a small break for completing your application on the internet.
- Savings for New Vehicles – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
- Safe Driver Discounts – Safe drivers could pay up to 40% less than drivers with accidents.
- Employee of Federal Government – Active or retired federal employment could qualify for a slight premium decrease with a few car insurance companies.
- Discount for Home Ownership – Owning your own home or condo may earn you a small savings because maintaining a house is proof that your finances are in order.
We need to note that some of the credits will not apply to the entire policy premium. A few only apply to individual premiums such as comp or med pay. So even though it sounds like you can get free auto insurance, it’s just not the way it works.
The information below compares Hyundai Accent premium costs with and without policy discounts. The data assumes a female driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-car, safe-driver, marriage, and multi-policy discounts applied.
Companies that may offer policyholders some of the discounts shown above are:
When getting free Lubbock car insurance quotes, it’s a good idea to each company or agent to apply every possible discount. Some of the discounts discussed earlier may not apply to policies in your area.
Components of Your Hyundai Accent Insurance Prices
Lots of things are part of the calculation when you get a price on insurance. Some of the criteria are obvious like your driving record, but other criteria are not as apparent such as your marital status and annual miles driven. It’s important that you understand some of the things that help determine car insurance rates. If you have some idea of what determines base rates, this allows you to make good choices that can help you get cheaper rates.
Car insurance policy lapses increase prices – Having a lapse in insurance coverage is a sure-fire way to increase your car insurance rates. And not only will your rates increase, failure to provide proof of insurance may earn you fines and jail time. You could then be forced to submit proof of financial responsibility or a SR-22 with the Texas DMV.
Don’t skimp on liability coverage – Liability insurance is the protection in the event that you are responsible for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense to attempt to prove you were not liable. Liability is cheap compared to comp and collision, so drivers should buy more than the minimum limits required by law.
Lower miles driven equals lower premium – Driving more miles each year the higher your rates will be. Most companies charge to insure your cars partially by how you use the vehicle. Vehicles used primarily for pleasure use get more affordable rates than those that get driven frequently. It’s a good idea to make sure your car insurance policy is rated on the correct usage for each vehicle. Incorrect rating for your Accent may be costing you higher rates.
High performance vehicles cost more to insure – The performance level of the car you drive makes a big difference in your rates. Economy passenger vehicles usually are quite affordable to insure, but there are many factors that impact the final cost.
The following chart is based on a single female driver age 20, full coverage with $250 deductibles, and no discounts or violations. It shows Hyundai Accent policy rates compared to other makes and models that have a range of performance rating factors.
Pay more out-of-pocket – Comprehensive and collision coverage deductibles define the amount you are willing to pay before your car insurance pays a claim. Physical damage coverage, aka comp and collision, is used to repair damage to your car. Some examples of claims that would be covered are colliding with a stationary object, vandalism, and damage caused by road hazards. The larger the amount the insured has to pay upfront, the lower your rates will be.
Hyundai Accent insurance loss statistics – Insurers analyze the history of losses to help determine prices. Vehicles that the statistics show to have a higher amount or frequency of claims will cost more for specific coverages.
The table below shows the insurance loss data used by companies for Hyundai Accent vehicles. For each policy coverage, the claim amount for all vehicles combined as an average is considered to be 100. Percentages below 100 represent a good loss history, while values over 100 point to more claims or a tendency for losses to be larger than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics from IIHS.org for 2013-2015 Model Years
Your insurance coverage should be tailored to you
When quoting and choosing the best insurance coverage for your personal vehicles, there really isn’t a one-size-fits-all type of policy. Your needs are not the same as everyone else’s.
For instance, these questions might point out if you might need professional guidance.
- Does my car insurance cover rental cars?
- At what point should I drop full coverage?
- What is GAP insurance?
- Is there coverage for injuries to my pets?
- Is my camper covered by my car insurance policy?
- Why is insurance for a teen driver so high in Lubbock?
- Am I covered if hit by an uninsured driver?
- Why am I required to get a high-risk car insurance policy?
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form.
Buying from car insurance agents
Some people would prefer to visit with an insurance agent and often times that is recommended One of the great benefits of comparing insurance prices online is the fact that you can find the best rates and still choose a local agent. Buying from and supporting local agents is still important in Lubbock.
After filling out this quick form, your insurance data is instantly submitted to local insurance agents in Lubbock who will give you quotes for your insurance coverage. You never need to visit any agencies since price quotes are sent to the email address you provide. Get lower rates without having to waste a lot of time. If you have a need to compare rates from one company in particular, you can always find their quoting web page and complete a quote there.
When researching a reliable agent, you should know the types of agencies that differ in how they can insure your vehicles. Insurance agents in Lubbock are considered either independent agents or exclusive agents depending on their employer.
Independent Insurance Agencies or Brokers
Independent agents do not work for one specific company so they can quote policies with many different companies and get the cheapest rates. If your premiums go up, the agent simply finds a different carrier which requires no work on your part. When comparing rates, you will definitely want to get rate quotes from several independent agencies to maximize your price options. Most also write with different regional companies that can offer cheaper rates than bigger companies.
The following are Lubbock independent insurance agencies who may be able to give you free insurance quotes.
- Grimes Insurance Agency Inc
1651 Broadway St – Lubbock, TX 79401 – (806) 762-0544 – View Map
- Texas Insurance Partners
Bldg. 2, 7021 Kewanee Avenue #102 – Lubbock, TX 79424 – (806) 771-9692 – View Map
- Bledsoe Insurance Agency
5143 69th St – Lubbock, TX 79424 – (806) 794-8686 – View Map
These agents can only quote rates from one company and some examples include Allstate and State Farm. Exclusive agents cannot provide rate quotes from other companies so keep that in mind. Exclusive insurance agents are trained well on sales techniques and that enables them to sell even at higher rates. Some consumers prefer to buy from the same agent for years mostly because of the prominence of the brand instead of buying on price only.
Shown below are Lubbock exclusive agents that can give you comparison quotes.
- Nelda Jett – State Farm Insurance Agent
3833 50th St #5 – Lubbock, TX 79413 – (806) 793-2857 – View Map
- Lisa Caldwell – State Farm Insurance Agent
2418 19th St – Lubbock, TX 79401 – (806) 799-1628 – View Map
- Allstate Insurance Agent: Patrick Bailey
6701 Aberdeen Ave Ste 2 – Lubbock, TX 79424 – (806) 798-1340 – View Map
Choosing an insurance agent shouldn’t rely on just a cheap quote. The questions below may impact your decision as well.
- Will you work with the agent or an assistant?
- How many years have they been established?
- How does the company pay claims for a total loss?
- Are you getting all the discounts the company offers?
- Do they have 24-hour customer assistance?
Best auto insurance in Texas
Ending up with the right car insurance company can be difficult considering how many different companies insure vehicles in Lubbock. The ranking data in the lists below could help you pick which companies to look at buying from.
Top 10 Lubbock Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Lubbock Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Do the work, save more money
When getting Lubbock car insurance quotes online, do not sacrifice coverage to reduce premiums. In many instances, an insured cut liability coverage limits only to find out that it was a big mistake. Your goal should be to purchase plenty of coverage at the best cost while not skimping on critical coverages.
The cheapest Hyundai Accent insurance in Lubbock is definitely available both online and from local agencies, so you should compare both to have the best rate selection. Some insurance companies do not provide the ability to get a quote online and these regional insurance providers only sell through local independent agencies.
Consumers switch companies for a number of reasons such as lack of trust in their agent, policy non-renewal, delays in paying claims and poor customer service. No matter why you want to switch, finding a new company is less work than it seems.
For more information, take a look at the following helpful articles:
- Auto Theft Statistics (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for High School Students in Lubbock? (FAQ)
- Who Has Cheap Car Insurance for Used Cars in Lubbock? (FAQ)
- How Much is Lubbock Car Insurance for First-time Drivers? (FAQ)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Rental Reimbursement Coverage (Allstate)