The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, in particular when searching for the best car insurance for Lyft drivers. To help control this cost, let’s lead off by showing you a few of the things that influence auto insurance prices, and find some ways to lower the cost of the next policy you buy.
The vehicle that needs insurance is a significant factor when trying to find the lowest-priced auto insurance for Lyft drivers. Vehicles with high performance features, poor safety features, or a high likelihood of having liability claims will cost more to insure than more modest models.
The data below shows auto insurance prices for a selection of the more affordable vehicles to insure in Texas.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $1,048 |
| Ford Escape XLS 2WD | $1,126 |
| Toyota Prius | $1,137 |
| Ford Explorer Eddie Bauer AWD | $1,240 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,283 |
| Nissan Rogue SL 2WD | $1,302 |
| Ford F-150 XLT Super Cab 2WD | $1,306 |
| Jeep Grand Cherokee Limited 2WD | $1,311 |
| Toyota Corolla XRS | $1,306 |
| GMC Sierra SL Extended Cab 2WD | $1,331 |
| Volkswagen Jetta S 4-Dr Sedan | $1,338 |
| Toyota RAV4 4WD | $1,331 |
| Chevrolet Impala LT | $1,336 |
| Ford Edge SE AWD | $1,338 |
| Dodge Grand Caravan Hero | $1,370 |
| Chevrolet Equinox LS AWD | $1,380 |
| Toyota Camry Hybrid | $1,391 |
| Toyota Camry Hybrid | $1,401 |
| Chevrolet Malibu LT | $1,400 |
| Toyota Tacoma Double Cab 4WD | $1,409 |
| Find Cheaper Rates Go | |
Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in specific location information which can revise premiums considerably.
Looking at the data, you can see that cars like the Honda CR-V, Ford Escape, Toyota Prius, Ford Explorer, and Nissan Altima should be a few of the more affordable vehicles to insure for Lyft vehicles.
For Lyft vehicles, one of the big criteria that are used to help calculate the amount you pay each year for auto insurance is where your residence is in Lubbock. More populated areas are more likely to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates receive better rates.
The following table ranks the most expensive places in Texas for Lyft drivers to buy car insurance in. Lubbock is ranked #12 costing $1,733 for the average insurance policy, which is approximately $144 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Brownsville | $1,908 |
| 3 | Houston | $1,853 |
| 4 | Dallas | $1,837 |
| 5 | Laredo | $1,833 |
| 6 | Amarillo | $1,804 |
| 7 | Garland | $1,796 |
| 8 | Grand Prairie | $1,793 |
| 9 | Mesquite | $1,771 |
| 10 | Pasadena | $1,758 |
| 11 | San Antonio | $1,739 |
| 12 | Lubbock | $1,733 |
| 13 | Beaumont | $1,720 |
| 14 | Irving | $1,719 |
| 15 | Arlington | $1,658 |
| 16 | Fort Worth | $1,621 |
| 17 | El Paso | $1,616 |
| 18 | Austin | $1,610 |
| 19 | Carrollton | $1,598 |
| 20 | McKinney | $1,577 |
| Find the Best Rates Go | ||
Information shown are comparative as specific Lubbock zip code can alter coverage rates noticeably.
Finding good, affordable auto insurance is confusing at best, and determining which insurers offer the best car insurance rates for Lyft drivers will involve even more rate comparisons. Every car insurance company uses a slightly different approach for setting rates, so let’s begin by taking a look at the car insurance companies with the overall cheapest rates in Texas.
It’s a good idea to know that Texas car insurance rates are calculated based on many things that will increase or decrease the cost of coverage. This price fluctuation is why Texas drivers need to take the time to shop around when trying to get the most affordable auto insurance rates for Lyft drivers. Car insurance prices are impacted by many different factors and can increase or decrease at any time, so the most affordable company the last time you shopped around may now be one of the higher cost companies.
Best Auto Insurance Prices for Your Lyft Vehicle
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,495 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,664 |
| 12 | Amica | $1,705 |
| 13 | Allstate | $1,718 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,135 |
| 16 | MetLife | $2,183 |
| 17 | Unitrin | $2,241 |
| 18 | Encompass | $2,301 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,646 |
| Find Cheaper Rates Go | ||
Travelers may offer some of the best car insurance rates in Lubbock at around $1,021 a year. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the most economical Lubbock, TX auto insurance companies.
As illustrated above, if you are insured with Texas Farm Bureau and switched to Travelers, you might achieve yearly savings of around $214. Customers with Germania Mutual could save as much as $273 a year, and Esurance customers might lower prices by up to $386 a year.
Bear in mind that those estimates are averaged for all types of insureds and vehicles and and are not figured with an exact zip code location for Lyft drivers. So the auto insurance company that has the cheapest rates for you may not even be in the top 23 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.
The example below highlights how deductible choice can influence insurance rates when getting quotes for cheap insurance for Lyft drivers. The prices are based on a married female driver, full physical damage coverage, and no discounts are factored in.
A 30-year-old driver could lower rates by $408 a year by switching from a $100 deductible up to a $500 deductible, or save $612 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, could reduce their rates up to $870 every year just by choosing higher deductibles when buying full coverage.
When choosing a higher deductible, it will be necessary to have plenty of money set aside to offset the extra out-of-pocket expense, which deters some people from using high deductibles.
Car insurance companies ranked
Selecting the right insurance company can be rather challenging considering how many choices drivers have in Lubbock. The company ratings in the lists below may help you select which car insurance companies you want to consider when looking for cheaper rates.
These ratings are only comprised of the largest companies in the United States, so companies that have a smaller presence are not included in this list. To compare prices from the most competitive companies in Texas, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
How to get discounts on Lubbock car insurance rates
Insurance companies that sell policies for Lyft drivers may have premium discounts that could potentially reduce rates by 35% or more if you qualify for them. Companies and some of the discounts are outlined below.
- State Farm offers premium reductions for good driver, multiple policy, passive restraint, Steer Clear safe driver discount, multiple autos, student away at school, and driver’s education.
- Farmers Insurance may include discounts for teen driver, pay in full, good student, youthful driver, multi-car, electronic funds transfer, and distant student.
- Progressive offers discounts including good student, multi-vehicle, online quote discount, multi-policy, homeowner, and continuous coverage.
- GEICO may offer discounts for seat belt use, anti-theft, emergency military deployment, five-year accident-free, good student, and membership and employees.
- Auto-Owners Insurance has discounts for company car, air bags, anti-theft, paperless, and teen driver.
- The Hartford has savings for defensive driver, vehicle fuel type, bundle, anti-theft, air bag, and driver training.
- Farm Bureau discounts include multi-vehicle, renewal discount, driver training, safe driver, and youthful driver.
- USAA offers discounts for multi-policy, defensive driver, loyalty savings, family discount, and multi-vehicle.
The example below illustrates the difference between car insurance rates with and without discounts applied. The premiums are based on a female driver, no claims or violations, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, multiple vehicle, multiple policy, accident-free, anti-theft, and safe-driver discounts applied. When discounts are factored in, the average savings per year on car insurance for Lyft drivers is 28% or $570.
The Lubbock, TX, insurance agents below can help you make a decision which auto insurance policy fits you best, as some drivers have questions and prefer to have some advice when comparing insurance rates for Lyft vehicles. It can be difficult to find the cheapest car insurance policy, and a professional agent can provide peace of mind knowing your policy gives you enough coverage when you need it.
To locate a Lubbock car insurance agency closest to you, click the button after the list or click here to compare rates now.
- Advanced Insurance
3225 50th St – Lubbock, TX 79413 – (806) 799-0052 - Area Insurance Associates
4202 Avenue Q – Lubbock, TX 79412 – (806) 747-2400 - Nelda Jett – State Farm Insurance Agent
3833 50th St #5 – Lubbock, TX 79413 – (806) 793-2857 - Butler Carson Tate Insurance
4505 82nd St # 10 – Lubbock, TX 79424 – (806) 798-7979
Find a Lubbock, TX insurance agent near you
How to find budget-friendly insurance for Lyft drivers
Below you’ll find some of the better money-saving suggestions that can help drivers quote cheap coverage.
- At-fault accidents can raise rates significantly
- Increase your comprehensive and collision deductibles
- Vehicles with safetly features generally cost less to insure
- Drivers with good credit ratings often pay less
- Do not get traffic citations
- Comparison shop at least every other year
That last tip is especially significant, as we emphasized in this write-up. Rates in Lubbock can be changed at any time, so don’t be afraid to switch companies if you can save money. Staying with the same company for years is fine, but is isn’t recommended if that loyalty results in overpaying several hundred dollars every year. If you have a few minutes, now is a great time to compare rates and find cheaper car insurance for Lyft drivers.