Auto Insurance Quotes for a Lexus IS 350 in Lubbock

If you want to save money, the best way to quote cheaper Lexus IS 350 insurance in Lubbock is to compare prices at least once a year from different companies who sell insurance in Texas. This can be done by following these guidelines.

1. Spend a few minutes and learn about individual coverages and the changes you can make to prevent rate increases. Many factors that drive up the price like speeding tickets, careless driving and a substandard credit history can be remedied by making minor changes to your lifestyle.
2. Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can provide rate quotes from multiple insurance companies. Find a Lubbock insurance agent
3. Compare the new rate 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 quote and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Notify your current company to cancel your existing policy and submit the application along with any required down payment for the new coverage. Once the paperwork is finalized, keep the new proof of insurance paperwork along with your vehicle registration.

A valuable tip to remember is to make sure you enter the same level of coverage on each quote request and and to get quotes from as many carriers as you can. Doing this provides the most accurate price comparison and plenty of rates choose from.

It’s hard to believe, but most insurance customers kept their coverage with the same insurance company for over three years, and approximately 38% of consumers have never quoted rates to find lower-cost coverage. Lubbock drivers could save approximately 70% each year, but most undervalue the big savings they would realize if they moved their coverage to a different company.

The goal of this article is to help you learn how car insurance works and also pocket some savings If you already have coverage, you will be able to lower your rates using these tips. But Texas consumers benefit from understanding how the larger insurance companies determine premium rates.

When shopping for cheaper Lubbock car insurance quotes, there are a couple of ways of comparing rates from many insurance companies in Texas. The best way to compare rates is simply to get online rate quotes.

Doing online quotes comparisons is so easy that it takes the place of having to physically go to and from local Lubbock insurance agencies. Comparing online rate quotes has made agencies unnecessary unless your situation requires the professional advice that can only be provided by a licensed insurance agent. Some companies do allow you to price shop your coverage online but still have the advice of a local agent. It’s important to know that obtaining a wide range of quotes helps you find lower pricing. Some insurance companies are not set up to provide Lubbock IS 350 insurance quotes over the internet, so you should also compare price quotes from the smaller companies as well.

The companies shown below can provide free quotes in Lubbock, TX. If your goal is to find the best car insurance in Lubbock, it’s highly recommended you visit two to three different companies to get the best price comparison.

Lexus IS 350 insurance analysis

The price information displayed next outlines estimates of policy rates for Lexus IS 350 models. Knowing how insurance policy premiums are established can help you make smart choices when comparing insurance quotes.

Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rates do not factor in specific location information which can affect premium rates considerably.

Deductible analysis

One common question asked by Lubbock drivers is how high should the physical damage deductibles be. The rates shown below can help you visualize the rate fluctuation of buying low and high insurance deductibles. The first rate table uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Information does not factor in specific Lubbock garaging location which can raise or lower auto insurance rates substantially.

Using the data above, we can ascertain that using a $250 deductible will cost you roughly $34 more each month or $408 each year than selecting the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 22 months between claim filings, you would come out ahead if you choose a higher deductible. The numbers below show an example of how this decision is made.

Careless driving habits raise Lubbock insurance rates

The chart below highlights how traffic violations and accidents can drive up Lexus IS 350 car insurance rates for each age group. The prices are based on a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.

Rate comparison of males versus females

The information below compares Lexus IS 350 insurance premiums for male and female drivers. The rates are based on no violations or accidents, comp and collision included, $250 deductibles, drivers are not married, and no discounts are factored in.

Best reasons to buy car insurance in Texas

Despite the high insurance cost for a Lexus IS 350 in Lubbock, maintaining insurance is required in Texas but it also protects you in many ways.

• Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance 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 you took out a loan on your Lexus IS 350, almost every bank will have a requirement that you have comprehensive coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Lexus at a significantly higher premium and force you to reimburse them the higher premium.
• Car insurance protects not only your car but also your assets. It will also cover medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance more than cancel out the cost, especially for larger claims. As of last year, the average driver in Texas is overpaying more than $865 each year so we recommend shopping around at every renewal to make sure the price is not too high.

Discount Lubbock car insurance quotes

Some insurers do not list their entire list of discounts in an easy-to-find place, so below is a list some of the best known and the harder-to-find credits that may apply to you.

• Passive Restraints and Air Bags – Factory air bags or automatic seat belts can receive discounts of 25 to 30%.
• ABS Braking Discount – Cars and trucks equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
• College Student – Kids who attend college more than 100 miles from Lubbock and won’t have access to an insured vehicle could get you a discount.
• Discounts for New Vehicles – Insuring a new IS 350 is cheaper since newer vehicles have better safety ratings.
• Paperwork-free – Some larger companies provide a small discount for signing up on the web.
• Multi-line Discount – Some car insurance companies give better premium rates if you take out life insurance from them.
• Bundled Policy Discount – If you insure your home and vehicles with one insurance company you may earn at least 10% off all policies.
• Renewal Discounts – Select companies give a discount for switching to them before your current coverage expires. It can save you around 10%.
• Claim-Free Discount – Drivers with accident-free driving histories can earn big discounts as compared to frequent claim filers.

We need to note that many deductions do not apply to the entire policy premium. Some only apply to specific coverage prices like comp or med pay. Even though it appears you would end up receiving a 100% discount, you won’t be that lucky.

The information below shows the difference between Lexus IS 350 insurance costs with and without discounts applied to the policy rates. The data is based on a female driver, no violations or accidents, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, claim-free, multi-policy, and safe-driver discounts applied.

Popular car insurance companies and the discounts they provide are shown below.

• State Farm may have discounts that include good student, multiple autos, defensive driving training, driver’s education, passive restraint, good driver, and Steer Clear safe driver discount.
• GEICO policyholders can earn discounts including multi-policy, five-year accident-free, defensive driver, good student, and emergency military deployment.
• Progressive offers discounts including homeowner, multi-policy, online signing, continuous coverage, multi-vehicle, and online quote discount.
• 21st Century discounts include good student, air bags, teen driver, student driver, driver training, and automatic seat belts.
• American Family offers premium reductions for good driver, Steer into Savings, early bird, accident-free, TimeAway discount, good student, and defensive driver.
• The Hartford may offer discounts for defensive driver, bundle, vehicle fuel type, air bag, driver training, anti-theft, and good student.
• AAA includes discounts for anti-theft, multi-car, AAA membership discount, pay-in-full, and good driver.

If you need affordable Lexus IS 350 insurance quotes, ask every prospective company which discounts they offer. Some of the discounts discussed earlier may not apply to policyholders in every state.

Your situation helps dictate your coverage

Always keep in mind that when comparing your policy, there really is not a “best” method to buy coverage. Your situation is unique and your car insurance should be unique as well.
Here are some questions about coverages that can help discover if your insurance needs might need professional guidance.

• Can I get by with minimal medical coverage if I have good health insurance?
• Why is insurance for a teen driver so high in Lubbock?
• Should I buy full coverage?
• Does having multiple vehicles earn me a discount?
• What are the best liability limits?
• Is upholstery damage covered by car insurance?
• What can I do if my company won’t pay a claim?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Are insurance agencies of importance?

Many people just prefer to visit with an insurance agent and that can be a smart move One of the great benefits of price shopping on the web is you may find better rates and also buy local. Buying from neighborhood agents is important particularly in Lubbock.

To make it easy to find an agent, after completing this quick form, the quote information is transmitted to local insurance agents that give free quotes for your coverage. It makes it easy because there is no need to even leave your home since rate quotes are delivered directly to you. You can find lower rates and a licensed agent to talk to. If you need to quote rates from a particular provider, don’t hesitate to navigate to their website and fill out their quote form.

Lubbock car insurance agents come in two flavors

When searching for a good insurance agency, you should know the different agency structures and how they can quote your rates. Agents in Lubbock are considered either exclusive or independent (non-exclusive).

Independent Agents

These type of agents are not restricted to one company and that enables them to quote your coverage with any number of different companies and possibly get better coverage at lower prices. If your agent finds better pricing, an independent agent can move your coverage and you don’t have to switch agencies.

When comparing rate quotes, we recommend you compare prices from several independent insurance agents so that you have a good selection of quotes to compare.

Featured below is a partial list of independent agencies in Lubbock who can help you get free rate quotes.

View more Lubbock agents

Exclusive Agents

Exclusive insurance agents can only provide pricing for a single company like Farmers Insurance or State Farm. Exclusive agents cannot compare rates from other companies so they really need to provide good service. They receive extensive training on their company’s products which helps them sell on service rather than price.

Shown below are exclusive agents in Lubbock who can help you get comparison quotes.

View more Lubbock agents

Choosing a insurance agent requires more thought than just the premium amount. Below are some questions you should ask.

• How will an accident affect your rates?
• Will the agent help in case of a claim?
• Is coverage determined by price?
• Will the agent or a CSR service your policy?
• Do they get extra compensation for selling add-on coverages?
• Are glass claims handled on-site or do you have to take your vehicle to a repair shop?

Insurance coverages and their meanings

Learning about specific coverages of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages found on most insurance policies.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for expenses like pain medications, rehabilitation expenses, prosthetic devices, chiropractic care and nursing services. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision insurance

This pays for damage to your IS 350 caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a mailbox, crashing into a ditch, rolling your car, damaging your car on a curb and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also increase the deductible on your IS 350 to get cheaper collision coverage.

Comprehensive protection

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as damage from flooding, rock chips in glass and hitting a deer. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for liability

Liability insurance provides protection from injuries or damage you cause to a person or their property. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 30/60/25 that translate to $30,000 in coverage for each person’s injuries, a total of $60,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as attorney fees, loss of income, emergency aid and bail bonds. The amount of liability coverage you purchase is your choice, but buy as much as you can afford. Texas state law requires minimum liability limits of 30/60/25 but drivers should carry better liability coverage.

The illustration below shows why minimum state limits may not be adequate.

Uninsured or underinsured coverage

This provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many Texas drivers carry very low liability coverage limits (which is 30/60/25), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

Which car insurance company is best in Lubbock?

Picking a highly-rated insurance provider can be difficult considering how many different companies sell coverage in Lubbock. The company ratings displayed below can help you analyze which auto insurance companies to look at comparing price quotes from.

Top 10 Lubbock Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 Lubbock Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

One last thing about your coverage

As you restructure your insurance plan, do not skimp on coverage in order to save money. There are too many instances where an insured cut liability coverage limits only to regret that the few dollars in savings costed them thousands. Your objective should be to buy the best coverage you can find at the best cost, but don’t skip important coverages to save money.

Budget-friendly insurance in Lubbock is attainable from both online companies as well as from insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies don’t offer internet price quotes and most of the time these small, regional companies only sell through local independent agents.

We just presented many tips how you can save on Lexus IS 350 insurance in Lubbock. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your prices. You may even discover the best price on insurance is with the least-expected company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Allstate or State Farm.

Additional insurance information is located below:

• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
• Who Has Affordable Auto Insurance for College Graduates in Lubbock? (FAQ)
• What Insurance is Cheapest for Seniors in Lubbock? (FAQ)
• Who Has the Cheapest Lubbock Auto Insurance Quotes for a Toyota RAV4? (FAQ)
• Who Has the Cheapest Auto Insurance for 16 Year Olds in Lubbock? (FAQ)
• Who Has Cheap Auto Insurance for Teachers in Lubbock? (FAQ)
• Who Has Affordable Lubbock Auto Insurance Quotes After a Speeding Ticket? (FAQ)
• How Much is Lubbock Auto Insurance for Real Estate Agents? (FAQ)
• Safe Vehicles for Teens (iihs.org)
• Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
• Vehicle Safety Ratings (iihs.org)