Astonishing but true, over 70% of consumers have bought insurance from the same company for at least the last four years, and just short of a majority have never compared rates with other companies. With the average insurance premium being $2,680, Texas drivers could save 70% every year just by getting comparison quotes, but they think it’s difficult to compare rate quotes.
If you want to find the absolute lowest rates, then the best way to find lower priced Lexus ES 300h insurance is to make a habit of comparing prices annually from different companies in Lubbock. Rates can be compared by following these guidelines.
First, take a few minutes and learn about how car insurance works and the things you can control to prevent high rates. Many policy risk factors that cause high rates such as at-fault accidents, speeding tickets, and poor credit rating can be remedied by making minor driving habit or lifestyle changes.
Second, quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can give you price quotes for many different companies.
Third, compare the new quotes to your existing policy to see if cheaper ES 300h coverage is available in Lubbock. If you find a better price and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
One tip to remember is to try to compare the same liability limits and deductibles on each quote request and and to look at as many different companies as possible. This helps ensure an apples-to-apples comparison and plenty of rates choose from.
Getting more affordable car insurance pricing can be quick and easy. All you need to do is invest a little time comparing rates from different insurance companies.
Comparing free rate quotes online is easy and it, makes it a waste of time to call or drive to insurance agents’ offices. The ability to get quotes online has made agencies unnecessary unless you have a need for the professional guidance of a licensed agent. It is possible to obtain prices from the web and get advice from an agent in your area.
The providers in the list below have been selected to offer free rate quotes in Lubbock, TX. To buy cheaper auto insurance in Lubbock, it’s a good idea that you visit two to three different companies to find the lowest auto insurance rates.
Auto insurance is not optional but you don’t have to overpay
Even though Lubbock ES 300h insurance rates can get expensive, buying auto insurance is required for several reasons.
- Most states have mandatory insurance requirements which means state laws require a specific minimum amount of liability insurance coverage in order to be legal. 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 have a lien on your Lexus, it’s most likely the lender will make it a condition of the loan that you have full coverage to guarantee loan repayment. If coverage lapses or is canceled, the lender will be forced to insure your Lexus for a lot more money and force you to pay much more than you were paying before.
- Insurance safeguards not only your Lexus ES 300h but also your financial assets. Insurance will also pay for medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit in the event you are sued. If mother nature or an accident damages your car, your auto insurance policy will cover the repair costs.
The benefits of having auto insurance definitely exceed the price paid, especially when you need to use it. Unknowingly, the average driver overpays more than $800 each year so you should quote and compare rates at every renewal to save money.
Having a good grasp of a car insurance policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are the normal coverages found on most car insurance policies.
Auto collision coverage
This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims like rolling your car, colliding with another moving vehicle, hitting a parking meter, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible on your ES 300h in order to get cheaper collision rates.
Liability auto insurance
This coverage protects you from injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 30/60/25 which means $30,000 in coverage for each person’s injuries, a total of $60,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for things like loss of income, medical expenses and legal defense fees. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible. Texas requires drivers to carry at least 30/60/25 but it’s recommended drivers buy higher limits.
The illustration below demonstrates why minimum state limits may not provide adequate coverage.
This covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as theft, hail damage, damage from getting keyed and damage from flooding. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Uninsured or underinsured coverage
This coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Because many people have only the minimum liability required by law (30/60/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like surgery, funeral costs, ambulance fees, hospital visits and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible
What is the best auto insurance company in Texas?
Finding a good quality company can be difficult considering how many companies there are to choose from in Lubbock. The company ratings listed below can help you pick which car insurance companies you want to consider when looking for cheaper rates.
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 Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
A conclusion for your insurance search
We just showed you a lot of ways to save on Lexus ES 300h insurance in Lubbock. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the best car insurance rates are with an unexpected company. These companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as GEICO and State Farm.
While you’re price shopping online, never sacrifice coverage to reduce premiums. There have been many situations where someone sacrificed collision coverage only to discover later that the small savings ended up costing them much more. Your aim should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.
Additional detailed information can be found in these articles:
- Side Impact Crash Tests (iihs.org)
- Who Has Affordable Auto Insurance for College Graduates in Lubbock? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Insuring a Leased Car (Insurance Information Institute)