It's hard to fathom, but the majority of drivers have been with the same company for four years or more, and 38% of drivers have never compared rates to find cheaper insurance. The average driver in the United States could save about $860 each year, but they don't understand how simple it is to compare rate quotes.
It takes a few minutes, but the best way to find affordable auto insurance rates is to regularly compare quotes from different companies who provide car insurance in Lubbock.
First, read about what is in your policy and the changes you can make to drop your rates. Many rating factors that result in higher prices like getting speeding tickets and a substandard credit score can be improved by being financially responsible and driving safely. This article provides more ideas to get cheaper coverage and get discounts that may be available to you.
Second, compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while agents who are independent can quote rates for many different companies.
Third, compare the price quotes to your current policy premium to see if cheaper Soul EV coverage is available. If you find a lower rate and change companies, make sure there is no coverage gap between policies.
The most important part of shopping around is to try to use identical limits and deductibles on every quote and and to get price estimates from every company you can. Doing this guarantees an accurate price comparison and a complete rate analysis.
If you are already insured or just want a better rate, you can follow these tips to reduce premiums without reducing coverage. Finding the best-priced policy in Lubbock is simple if you know the tricks. Drivers just need to understand how to compare prices from multiple carriers.
The companies shown below can provide comparison quotes in Texas. To get the best car insurance in TX, it's a good idea that you visit several of them to get the most competitive price.
Why auto insurance is not optional
Even though it's not necessarily cheap to insure a Kia in Lubbock, maintaining insurance is required for several reasons.
First, just about all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability insurance coverage if you don't want to risk a ticket. 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 Soul EV, almost every bank will make it a condition of the loan that you have full coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank will be required to insure your Kia at a much higher rate and make you pay much more than you were paying before.
Third, insurance safeguards both your vehicle and your personal assets. Insurance will also pay for medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will cover the repair costs.
The benefits of insuring your Soul EV definitely exceed the cost, particularly if you ever have a claim. The average driver in America is currently overpaying as much as $830 a year so compare rates once a year at a minimum to be sure current rates are still competitive.
Four factors that affect insurance premiums
Many factors are considered when quoting car insurance. A few of the factors are predictable such as traffic violations, but other factors are more obscure like where you live or your commute time. It's important that you understand some of the things that come into play when calculating the rates you pay for insurance. When consumers understand what controls the rates you pay, this empowers consumers to make smart changes that will entitle you to better insurance rates.
Listed below are most of the major factors insurance companies consider when setting prices.
Being married can save on insurance - Walking down the aisle can get you a discount on your insurance bill. Having a significant other means you're more mature and responsible and statistics show being married results in fewer claims.
Never let your policy expire - Driving without insurance coverage in place can get you a ticket and you will pay a penalty because you let your insurance lapse. Not only will you pay more, getting caught without coverage might get you fines or a revoked license. You will then be forced to file a SR-22 with the Texas department of motor vehicles.
Bundle home and auto and save - Most major insurers will give a discount to policyholders that buy multiple policies such as combining an auto and homeowners policy. Discounts can amount to ten percent or more. If you currently are using one company, drivers will still want to compare other Lubbock Soul EV insurance rates to help guarantee you have the best rates.There is a chance you can save even more than the discount by insuring with multiple companies.
Insurance is expensive for teenage drivers - Teen drivers in Texas are proven to be easily distracted behind the wheel so insurance rates are higher. Adding a teen driver to your insurance policy can break the bank. Older, more experienced drivers are more responsible, tend to cause fewer accidents, and receive fewer citations.
Lower-cost Lubbock auto insurance quotes with discounts
Companies don't necessarily list every available discount in a way that's easy to find, so we took the time to find both the well known as well as the least known credits available to bring down your rates.
- Professional Organizations - Having an affiliation with a qualifying organization is a simple method to lower premiums when getting a Lubbock car insurance quote.
- Lower Rates for Military - Being on active deployment in the military could be rewarded with lower prices.
- E-sign Discounts - Some companies will give a small break shop Lubbock car insurance on the internet.
- Life Insurance - Not every insurance company offers life insurance, but if they do you may earn lower auto insurance rates if you buy a life policy as well.
- Low Mileage Discounts - Maintaining low annual mileage can qualify you for better auto insurance rates on cars that stay parked.
- Discounts for Good Drivers - Drivers who don't get into accidents may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
- Federal Employees - Active or former government employment can save as much as 8% but check with your company.
- College Student Discount - Any of your kids who are enrolled in a college that is more than 100 miles from Lubbock and leave their car at home could get you a discount.
- Multi-car Discount - Insuring all your vehicles with the same auto insurance company can get a discount on all vehicles.
As a footnote on discounts, most of the big mark downs will not be given to all coverage premiums. The majority will only reduce the cost of specific coverages such as comp or med pay. Despite the appearance that having all the discounts means you get insurance for free, company stockholders wouldn't be very happy. Any qualifying discounts will lower your premiums.
A few companies who might offer many of the previously listed discounts include:
When quoting, ask all companies you are considering to give you their best rates. All car insurance discounts may not apply to policies everywhere.
Which policy gives me the best coverage?
When selecting insurance from an agent or online for your personal vehicles, there really isn't a one size fits all plan. You are unique.
Here are some questions about coverages that can aid in determining if your insurance needs would benefit from professional advice.
- Is business equipment covered while in my vehicle?
- Can I insure my car for more than it's worth?
- What is PIP insurance?
- When can my company non-renew my policy?
- Should I get collision insurance on every vehicle?
- How much underlying liability do I need for an umbrella policy?
If you're not sure about those questions, you may need to chat with a licensed insurance agent. If you don't have a local agent, simply complete this short form. It is quick, free and you can get the answers you need.
Auto insurance agents can help
Many drivers just want to have an agent's advice and doing so can bring peace of mind Good insurance agents will help you protect your assets and help in the event of a claim. A good thing about comparing rates online is the fact that you can find lower rates and still have an agent to talk to.
To help locate an agent, after submitting this short form, your insurance coverage information is sent to local insurance agents that give free quotes to get your business. It simplifies rate comparisons since you won't have to visit any agencies due to the fact that quote results will go instantly to you. If you have a need to get a rate quote from a specific insurance company, don't hesitate to search and find their rate quote page and give them your coverage information.
Finding the right company is decision based upon more than just the quoted price. The answers to these questions are important, too.
- Are they able to provide referrals?
- Which company do they place the most coverage with?
- Does the agent help file claims?
- Will a damage claim use OEM or aftermarket replacement parts?
- Is there any savings for paying the full premium?
- Do they prorate repair cost based on vehicle mileage?
- Do they have cheaper tiers of coverage?
Types of car insurance agents
If you are wanting to purchase auto insurance from a local insurance agency, it can be helpful to understand the types of agencies and how they differ in how they quote coverages. Agencies in Lubbock can be described as either exclusive or independent (non-exclusive). Both types can do a good job, but it's important to point out the subtle differences since it could factor into your agent selection.
Exclusive Auto Insurance Agencies
Exclusive agencies can only place business with one company and examples are State Farm, AAA, and Liberty Mutual. Exclusive agents cannot provide rate quotes from other companies so you might not find the best rates. They are well trained on what they offer and that can be a competitive advantage. Drivers often use the same agent primarily because of loyalty to the company instead of buying on price only.
Shown below is a short list of exclusive insurance agents in Lubbock that are able to give rate quotes.
- Nelda Jett - State Farm Insurance Agent
3833 50th St #5 - Lubbock, TX 79413 - (806) 793-2857 - View Map
- Allstate Insurance Agent: Russell Donaway
2321 50th St Ste C - Lubbock, TX 79412 - (806) 799-4600 - View Map
- Mark Jennings - State Farm Insurance Agent
6301 19th St #4 - Lubbock, TX 79407 - (806) 792-4432 - View Map
Independent Auto Insurance Agents
Agents of this type are not employed by one company and that enables them to quote your coverage through many companies and find you the best rates. If your agent finds better pricing, the business is moved internally which makes it simple for you.
If you need cheaper auto insurance rates, we highly recommend that you include several independent insurance agents in order to compare the most rates. Most also have access to small regional insurance companies which can be an advantage.
Below are independent agents in Lubbock that can give you price quote information.
- Circle Insurance
6520 University Ave - Lubbock, TX 79412 - (806) 797-4131 - View Map
- Beadle Insurance Agency
8008 Slide Rd #22 - Lubbock, TX 79424 - (806) 798-7900 - View Map
- Alan Henry Insurance Agency
3405 19th St - Lubbock, TX 79410 - (806) 792-3771 - View Map
Keep this in mind when shopping around
As you quote Lubbock car insurance, never skimp on coverage in order to save money. There are a lot of situations where someone dropped collision coverage only to regret they didn't purchase enough coverage. Your focus should be to purchase plenty of coverage at the best possible price, not the least amount of coverage.
Drivers change insurance companies for a variety of reasons including an unsatisfactory settlement offer, lack of trust in their agent, high prices or extreme rates for teen drivers. Regardless of your reason for switching companies, switching companies is pretty easy and you might even save some money in the process.
Throughout this article, we presented many ways to find cheap Kia Soul EV insurance in Lubbock. The most important thing to understand is the more providers you compare, the better likelihood of getting low cost Lubbock car insurance quotes. Consumers may even find the lowest premium rates come from some of the smallest insurance companies.
Additional car insurance information is available on the following sites:
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Who Has Affordable Auto Insurance Rates for Teenage Females in Lubbock? (FAQ)
- How Much is Car Insurance for a Hyundai Elantra in Lubbock? (FAQ)
- Who Has Cheap Auto Insurance Rates for Good Students in Lubbock? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Drivers Over Age 50 in Lubbock? (FAQ)
- Who Has the Cheapest Auto Insurance for Uninsured Drivers in Lubbock? (FAQ)
- Who Has Cheap Lubbock Car Insurance Quotes for a Nissan Rogue? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Top Signs Your Brakes are Giving Out (State Farm)
- Insuring a Leased Car (Insurance Information Institute)