Affordable Insurance for a Jeep Patriot in Lubbock

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It's easy to assume that auto insurance companies want to keep your business as long as possible. Insureds who shop around for better prices are very likely to buy a new policy because there is a good chance of finding a lower rate. A recent survey discovered that consumers who compared prices once a year saved over $860 a year as compared to drivers who don't make a habit of comparing rates.

If finding the best price on car insurance in Lubbock is your target objective, then learning about how to get free comparison quotes and analyze cheaper coverage can help you succeed in saving money.

Insurance quote for Jeep Patriot in LubbockThe easiest way to get more affordable Jeep Patriot insurance in Lubbock is to compare prices regularly from different companies who provide car insurance in Texas. You can compare prices by completing these steps.

  1. It will benefit you to learn about policy coverages and the modifications you can make to prevent high rates. Many rating factors that drive up the price such as your driving record and an unacceptable credit history can be remedied by making minor changes in your lifestyle.
  2. Request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Allstate, while independent agents can provide price quotes from multiple insurance companies.
  3. Compare the price quotes to your current policy premium and determine if there is any savings. If you find a lower rate quote, verify that coverage does not lapse between policies.
  4. Give proper notification to your current agent or company to cancel your current coverage. Submit the required down payment along with the signed application to your new agent or company. Immediately put the new proof of insurance certificate in an accessible location in your vehicle.

One key aspect when comparing rates is to make sure you're comparing similar limits and deductibles on each price quote and and to get rates from all possible companies. Doing this helps ensure a fair price comparison and the best price selection.

If you are insured now or want to find a cheaper company, you can use these tips to get lower rates and still get good coverage. This article's intent is to teach you a little about how car insurance works and also save some money in the process Smart buyers just have to know the least time-consuming way to compare price quotes online.

Free Lubbock Jeep Patriot insurance quotes

The companies shown below offer quotes in Texas. To buy cheap car insurance in Lubbock, TX, we suggest you visit as many as you can to get the lowest price.

Auto insurance data for a Jeep Patriot

The rate information displayed next covers estimates of insurance prices for Jeep Patriot models. Learning more about how insurance quotes are determined is important for making smart choices when choosing a car insurance company.

Jeep Patriot Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $156 $294 $462 $28 $138 $1,078 $90
Patriot Sport 4WD $156 $294 $462 $28 $138 $1,078 $90
Patriot Limited 2WD $178 $358 $462 $28 $138 $1,164 $97
Patriot Limited 4WD $178 $358 $462 $28 $138 $1,164 $97
Get Your Own Custom Quote Go

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in specific Lubbock garaging location which can raise or lower coverage prices noticeably.

Physical damage deductible comparison

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The following tables sum up the cost difference when you select higher and lower comp and collision deductibles. The first rate estimation uses a $100 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Jeep Patriot insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $286 $486 $382 $22 $114 $1,315 $110
Patriot Sport 4WD $286 $486 $382 $22 $114 $1,315 $110
Patriot Limited 2WD $328 $592 $382 $22 $114 $1,463 $122
Patriot Limited 4WD $328 $592 $382 $22 $114 $1,463 $122
Get Your Own Custom Quote Go
Jeep Patriot insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $158 $256 $382 $22 $114 $932 $78
Patriot Sport 4WD $158 $256 $382 $22 $114 $932 $78
Patriot Limited 2WD $182 $312 $382 $22 $114 $1,012 $84
Patriot Limited 4WD $182 $312 $382 $22 $114 $1,012 $84
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Prices do not factor in specific location which can alter coverage prices substantially.

Using the premium rates above, we can conclude that using a $100 deductible will cost you roughly $35 more each month or $420 annually than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 26 months between claims, you would most likely save money if you decide on a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $100 deductibles: $116
Average monthly premium for $1,000 deductibles (subtract): - $81
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

The information below demonstrates how choosing different deductibles and can affect Jeep Patriot insurance prices for each age group. Data assumes a single female driver, comp and collision included, and no discounts are applied to the premium.

Bad driving habits will cost you more

The information below highlights how speeding tickets and fender-benders can drive up Jeep Patriot insurance costs for different age groups. The costs are based on a single male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

Do you need full coverage?

The example below visualizes the comparison of Jeep Patriot car insurance costs with and without physical damage coverage. The prices are based on no accidents, no driving violations, $500 deductibles, single marital status, and no discounts are taken into consideration.

When to buy liability coverage only

There is no exact rule to stop paying for comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let's say your Jeep Patriot settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after paying your policy deductible. If you are currently paying more than $500 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where dropping physical damage coverage is not a good idea. If you haven't satisfied your loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Insurance Rate Influencing Factors

Lots of things are part of the equation when you get your auto insurance bill. Some of the criteria are obvious like an MVR report, but some are not as apparent like where you live or your commute time. It's important that you understand the factors that go into determining the rates you pay for auto insurance. If you know what controls the rates you pay, this enables you to make decisions that can help you get lower rates.

  • Single drivers may pay more - Having a significant other helps lower the price on auto insurance. Having a significant other generally demonstrates drivers are more mature and insurance companies like that being married results in fewer claims.
  • More traffic means higher claims - Being located in small towns and rural areas is a positive aspect when trying to find low car insurance rates. Fewer drivers and short commutes means reduced accidents and a lower car theft rate. Drivers in populated Texas areas regularly have more auto accidents and more severe claims. More time on the road statistically corresponds to a higher accident and claim rate.
  • Physical damage deductibles are a factor - Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your Jeep from damage. Some examples of covered claims would be running into the backend of another car, hail damage, and windstorm damage. Deductibles for physical damage state the amount of money you are willing to pay out-of-pocket if a covered claim is submitted. The more damage repair cost you choose to pay out-of-pocket, the better rate you will receive.
  • Certain employers raise rates - Did you know your job can affect your rates? Occupations like doctors, architects, and medical professionals are shown to have the highest average rates in part from stressful work requirements and long work days. Other careers like scientists, historians and performers receive lower rates.
  • Jeep Patriot claim data - Insurers factor in historical loss data as a tool for profitable underwriting. Vehicles that the data determines to have higher losses will have a higher premium rate. The table shown below demonstrates the collected loss data for Jeep Patriot vehicles.

    For each coverage category, the statistical loss for all vehicles, regardless of make or model, equals 100. Percentages below 100 indicate a favorable loss history, while percentage numbers above 100 indicate more frequent claims or a tendency for losses to be larger than average.

    Insurance Loss Ratings for Jeep Patriot Vehicles
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Jeep Patriot 4dr 2WD 80 139 65 123 121 140
    Jeep Patriot 4dr 4WD 73 121 67 98 100 111
    BETTER
    AVERAGE
    WORSE

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Buying the right Jeep Patriot insurance in Texas is an important decision

Despite the fact that insurance is not cheap in Lubbock, paying for insurance is most likely required but also gives you several important benefits.

  • Almost all states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability protection if you want to drive 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.
  • If your vehicle has a lienholder, almost every bank will force you to have insurance to guarantee loan repayment. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Jeep for a lot more money and force you to reimburse them the higher price.
  • Insurance protects not only your Jeep but also your assets. It also can pay for medical expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of buying enough insurance greatly outweigh the cost, particularly for liability claims. The average driver in Texas is wasting up to $820 a year so you should quote rates at every policy renewal to be sure current rates are still competitive.

Lubbock auto insurance companies

Picking the best auto insurance provider can be rather challenging considering how many companies there are in Lubbock. The ranking information displayed below could help you choose which providers you want to consider shopping prices with.

Top 10 Lubbock Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Mercury Insurance - 89%
  5. Nationwide - 89%
  6. Travelers - 88%
  7. Progressive - 88%
  8. Safeco Insurance - 88%
  9. State Farm - 88%
  10. Allstate - 88%

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