The words "low-cost" and "insurance" really shouldn't be used in the same sentence, in particular when comparison shopping for the best car insurance for first-time drivers. To help control this cost, let's get started by showing you some things that impact car insurance premiums, and find out if we can help you reduce the cost of the next policy you buy.
For new drivers, one of the big considerations that are used to help calculate the amount you pay each year for auto insurance is your zip code in Lubbock. More densely populated places tend to pay slightly more, whereas more rural areas have the gratification of cheaper auto insurance rates.
The next table shows the most expensive cities in Texas for first-time drivers to purchase a policy in. Lubbock makes the list at #14 having an annual price of $1,665 for coverage, which is around $139 monthly.
|Rank||City||Premium Per Year|
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Annual rates are comparative as the specific geographic location can revise premium rates considerably.
Figuring out which companies offer the cheapest auto insurance rates for first-time drivers will involve more work in order to find the lowest price quote. Each company has a different formula to determine rates, so let's take a look at the auto insurance companies with the overall cheapest rates in Texas.
Cheap Insurance Rates for Inexperienced Drivers
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,247|
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Travelers normally has some of the lowest car insurance rates in Lubbock at around $1,041 annually. This is $863 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the most economical Lubbock, TX insurance companies.
As the example above demonstrates, if you are currently insured with Esurance and switched to USAA, you might realize an annual premium reduction of roughly $237. Drivers with California Casualty may save as much as $310 a year, and State Farm customers might realize rate reductions of up to $322 a year.
Remember that these policy rates are averages across all drivers and vehicles and and are not figured with a specific vehicle garaging location for first-time drivers. So the auto insurance company that has the lowest price for you may not even be in the top 23 companies shown above. That's why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.
The make and model of vehicle you are insuring is one of the biggest factors when comparison shopping for the best coverage for first-time drivers. Vehicles with lots of speed or power, poor safety features, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models. The table below outlines car insurance prices for some of the most affordable automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$4,310|
|Honda Accord LX 4-Dr Sedan||$4,316|
|Honda CR-V EX 4WD||$4,357|
|Ford Explorer XLT 4WD||$4,837|
|Ford F-150 XLT Regular Cab 4WD||$4,846|
|Chevrolet Impala LS||$5,072|
|Ford Edge Limited 2WD||$5,078|
|Honda Odyssey EX||$5,072|
|Toyota Camry LE||$5,119|
|Chevrolet Malibu LS||$5,125|
|Toyota RAV4 Limited 4WD||$5,119|
|Jeep Grand Cherokee Laredo 2WD||$5,129|
|Dodge Grand Caravan Hero||$5,119|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$5,163|
|Ford Focus SES 4-Dr Sedan||$5,354|
|Hyundai Elantra SE 4-Dr Sedan||$5,401|
|Toyota Corolla XRS||$5,445|
|GMC Sierra SLE Regular Cab 4WD||$5,453|
|Volkswagen Jetta SEL 4-Dr Sedan||$5,445|
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Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify auto insurance rates greatly.
Based upon the rates shown, we can tell that cars like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius are going to be a few of the most affordable vehicles to insure for new drivers. Auto insurance rates will be more costly just because there is more inherent risk for first-time drivers, but in general those particular models will tend to have the least expensive rates that you are likely to find.
Impact of careless driving on Lubbock auto insurance rates
In a perfect world, the best way to score good auto insurance prices in Lubbock for new drivers is to pay attention while driving and avoid tickets and accidents. The example below illustrates how traffic citations and at-fault claims can increase auto insurance costs for different categories of driver ages. Data assumes a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
The chart shows that the average cost of a car insurance policy in Texas per year with no accidents or violations is $2,242. Receive two speeding tickets and the average cost jumps to $3,202, an increase of $960 each year. Then add two accidents along with the two speeding tickets and the yearly cost of auto insurance for first-time drivers goes up to an average of $6,642. That's an increase of $4,400, or $367 per month, just for being a little careless behind the wheel!
Insuring your vehicle with the highest-rated car insurance provider is difficult considering how many choices drivers have in Texas. The information in the lists below could help you decide which companies to look at when trying to find cheaper insurance for first-time drivers. These ratings only include companies that insure vehicles nationwide, so companies that focus mainly on Texas business are not included in these rankings.
Top 10 Major Car Insurance Companies in Lubbock 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%
Why are you paying too much for Lubbock car insurance?
Lubbock auto insurance rates are influenced by many factors that may substantially change the price of coverage. Getting older, adding a teenager to your policy, or having a fender bender can produce rate changes that can cause some rates to be more affordable than others. And not only may your rating factors change, but companies change rates at least once a year in order to be able to pay unexpected claims. An extended period of higher than normal claims can result in more expensive prices, while a lower level of claims can result in lower-priced Lubbock car insurance rates.
To illustrate this point, the bar chart below shows which company has the cheapest car insurance in Lubbock, TX for a 40-year-old female driver with no prior claims, no tickets, and excellent credit. When quoting prices based on her current situation, Travelers might quote the cheapest car insurance rates in Lubbock at $1,213 per year. This is $691 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining best Lubbock, TX auto insurance companies.
In the next rate comparison, we'll give the driver from above a chargeable claim, slightly worse credit, and an imperfect driving record. Because each company has a proprietary method for determining rates in each state, comparing prices may result in a significantly different list of the cheapest Lubbock car insurance companies as shown below.
Mercury now has the cheapest auto insurance in Lubbock, TX with USAA, State Farm, Nationwide, and Safe Auto also having competitive pricing. This example proves why it is important to shop around to find the cheapest insurance rates for first-time drivers. Insurance rates can be determined by many risk factors and change frequently, so the cheapest option the last time you shopped around may now be wasting a lot of money.
How to find more affordable car insurance for first-time drivers
It's not impossible to find cheaper rates, and here are some of the better money-saving solutions that can help Lubbock drivers find more affordable coverage.
- Vehicles with good safety ratings are usually cheaper to insure
- Try to pay small claims out-of-pocket
- Do not pay for full coverage on older vehicles
- Raise physical damage deductibles
- Multi-policy discounts save money
- Good credit scores may make rates cheaper
- Compare rate quotes often
The final tip is notably important, as we stressed in the prior information. Coverage prices in Lubbock vary greatly, so don't be tentative to buy from a new company if you find a cheaper price.
Many consumers stick with the same company and that's fine, but it's not recommended if that loyalty ends up costing money that could be going to better use. It takes less than five minutes to compare prices and find cheaper auto insurance for first-time drivers.
If you have questions and prefer to have professional advice when trying to find lower insurance rates for new drivers, the agents listed below can help you determine which policy is best.
To locate a Lubbock insurance agent in your neighborhood, click the button at the bottom or click here to compare prices now.
- Farmers Insurance - Rhett Richardson
13413 County Rd 1800 Unit D - Lubbock, TX 79424 - (806) 783-9998
- Lisa Caldwell - State Farm Insurance Agent
2418 19th St - Lubbock, TX 79401 - (806) 799-1628
- Kevin Watson - State Farm Insurance Agent
13033 Quaker Ave SUITE B - Lubbock, TX 79423 - (806) 797-3329
- Nelda Jett - State Farm Insurance Agent
3833 50th St #5 - Lubbock, TX 79413 - (806) 793-2857