How Much is Lubbock Car Insurance for Young Drivers?

Wouldn’t it be great if you could just know the one company that has the lowest car insurance rates for young drivers? Regrettably, it’s not quite that easy, as there are a whole slew of unknowns like the number of miles you drive in a year, if you own a home, what your desired deductibles are, and what liability limits you need, that all have an effect on the price. The content below covers the best ways to pay less and will hopefully give you a jump start in finding the best auto insurance in Lubbock.

Figuring out which companies have the best insurance rates for young drivers involves a little more work in order to find the best price. Each auto insurer has their own unique process for determining rates in each state, so let’s rank the insurance companies that tend to be cheaper in Lubbock.

It’s a good idea to know that Lubbock, TX insurance rates are impacted by many things that control the price you pay for coverage. Turning one year older, buying a different home, or getting a couple of tickets may prompt premium changes resulting in some rates now being more affordable than competitors.

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Rankings for the cheapest Texas auto insurance companies
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,095
3 Texas Farm Bureau $1,247
4 Germania Mutual $1,282
5 Esurance $1,365
6 California Casualty $1,382
7 State Farm $1,465
8 Mercury $1,506
9 Safe Auto $1,565
10 Nationwide $1,600
11 Progressive $1,715
12 Allstate $1,718
13 Amica $1,723
14 Home State $2,092
15 GEICO $2,156
16 MetLife $2,183
17 Encompass $2,255
18 Unitrin $2,310
19 21st Century $2,421
20 Titan $2,594
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Travelers normally has some of the cheapest car insurance rates in Lubbock at around $1,041 a year. This is $863 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 cheaper Lubbock, TX auto insurance companies.

As depicted above, if you currently have coverage with Esurance and switched to USAA, you may see annual savings of in the neighborhood of $270. Customers with California Casualty might save as much as $287 a year, and State Farm insureds might reduce prices by as much as $370 a year.

It’s important to note that these premiums are averaged across all ages of drivers and types of vehicles and and are not calculated with a specific zip code for young drivers. So the company that fits you best may not even be in the top 23 companies in the list above. That underscores the importance of why you need to get rate quotes using your own specific driver information and vehicle.

For youthful drivers, one of the more important criteria that aid in calculating the amount you pay for auto insurance is where you live in Lubbock. Cities with larger populations or higher claim trends are more likely to pay higher prices, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.

The next table ranks the priciest cities in Texas for young drivers to buy car insurance in. Lubbock shows up at #15 with the annual price of $1,682 for coverage, which is about $140 monthly.

How much does auto insurance cost in Lubbock?
Rank City Premium Per Year
1 McAllen $1,936
2 Laredo $1,907
3 Houston $1,891
4 Dallas $1,855
5 Brownsville $1,851
6 Garland $1,850
7 Pasadena $1,812
8 Grand Prairie $1,793
9 Amarillo $1,786
10 Beaumont $1,754
11 Mesquite $1,753
12 Irving $1,719
13 Arlington $1,692
14 San Antonio $1,688
15 Lubbock $1,682
16 Austin $1,676
17 Fort Worth $1,670
18 El Paso $1,632
19 Plano $1,624
20 Carrollton $1,598
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Price information shown is estimated as the specific zip code location can impact coverage prices noticeably.

Difference between liability only and full coverage rates

Saving money when shopping for insurance should be important to the majority of people, and one of the fastest ways to find cheaper insurance for young drivers is to only buy liability coverage. The chart below illustrates the comparison of auto insurance costs with full coverage and liability only. The premium estimates are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no policy discounts are applied.

As an average for all age groups, full coverage on your policy costs $2,718 per year more than carrying just liability coverage. That raises the question if it’s worth it to buy full coverage. There is no exact rule to stop buying comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s replacement cost is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $6,500 after paying your deductible. If it’s costing in excess of $650 a year for full coverage, then it’s probably a good time to buy liability coverage only.

Get discount Lubbock auto insurance rates

Save on insurance for youthful drivers in LubbockInsurance companies that sell policies for young drivers may provide policy discounts that can lower rates by 35% or more if you are eligible to receive them. A few popular companies and some of their more popular discounts are shown below.

The information below visualizes the comparison of yearly insurance costs with and without policy discounts. The information is based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with paid-in-full, continuous coverage, anti-theft, passive restraint, paperless filing, and vehicle safety discounts applied. When taking advantage of discounts, the average savings per year on insurance for young drivers is 28% or $594.

Ending up with the top car insurance company can be challenging considering how many companies provide coverage in Texas. The company rank data in the lists below could help you choose which auto insurers you want to consider when shopping car insurance rates for young drivers. The ratings below are for companies that insure vehicles nationwide, so smaller companies that only insure vehicles in Texas are not factored into this list.

Top Ten Insurance Companies for Young Drivers in Lubbock, TX
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
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Data Source: Best Car Insurance Companies

Ideas for finding economical auto insurance for young drivers

Lowering your rates is not difficult, and here are some penny-pinching ideas that can help you get more affordable car insurance.

The last idea is especially valuable, as was stressed in the prior article. Prices charged by car insurance companies vary considerably, so you should be ready to change to a new company if you can save money. Being loyal to a particular company is commendable, but it’s not recommended if that loyalty ends up costing a considerable chunk of change every month. It only take a few minutes to shop around to find cheaper insurance for young drivers in Lubbock.

If you have coverage questions and would like to have the advice of a professional agent when comparing insurance rates for young drivers, the agents shown below can most likely help you make a decision which auto insurance policy fits you best. To find an auto insurance agency in your neighborhood, click the button at the bottom or click here to compare rates now.

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