If you want to save money, the best way to get discount auto insurance rates is to make a habit of regularly comparing prices from companies in Lubbock.
First, spend a few minutes and learn about auto insurance and the modifications you can make to prevent expensive coverage. Many rating criteria that are responsible for high rates like inattentive driving and a negative credit rating can be eliminated by improving your driving habits or financial responsibility. Later in this article we will cover tips to help find cheaper rates and find hidden discounts.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from a single company like Progressive or Farmers Insurance, while independent agencies can give you price quotes from multiple companies. Start a quote
Third, compare the new rate quotes to the premium of your current policy and see if you can save money. If you can save some money and make a switch, ensure there is no coverage lapse between policies.
Fourth, notify your company or agent of your intention to cancel your current car insurance policy. Submit a signed application and payment to your new agent or company. Immediately upon receiving it, safely store the proof of insurance certificate in an accessible location in your vehicle.
A key point to remember is that you’ll want to compare identical deductibles and limits on each quote request and and to get prices from as many different companies as possible. This provides a level playing field and and a good selection of different prices.
It’s shocking but over 70% of consumers kept their coverage with the same auto insurance company for at least four years, and nearly the majority have never shopped around. Texas drivers could save roughly 70% every year, but most undervalue the big savings they would realize if they just switched companies.
Cheapest Hyundai Equus insurance price quotes in Lubbock, Texas
The companies shown below are our best choices to provide price comparisons in Lubbock, TX. To find cheaper car insurance in Lubbock, we recommend you visit as many as you can to get a more complete price comparison.
Earn discounts on Lubbock insurance
Insurance is expensive, but you might find some hidden discounts that could help you make your next renewal payment. Some of these discounts will be visible when you purchase, but occasionally some discounts must be asked for in order for you to get them.
- Discount for Multiple Policies – If you have multiple policies and insure them with the same company you could get a discount of at least 10% off all policies.
- Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education as it can save substantially.
- New Car Discount – Insuring a vehicle that is new can be considerably cheaper compared to insuring an older model.
- Driving Data Discount – Drivers that enable their insurance company to spy on driving patterns remotely such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if they are good drivers.
- Military Discounts – Having a deployed family member could qualify you for better insurance rates.
- ABS Brakes – Cars and trucks with ABS and/or traction control can reduce accidents and earn discounts up to 10%.
- Drive Safe and Save – Drivers who don’t get into accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
- Accident Waiver – This one is not really a discount per se, but a few companies such as Allstate, State Farm and GEICO will allow you to have one accident without getting socked with a rate hike if you have no claims prior to the accident.
- Theft Deterrent System – Cars, trucks, and SUVs with anti-theft systems are stolen with less frequency and earn discounts up to 10% off your Lubbock car insurance quote.
- Multiple Vehicles – Having multiple cars or trucks on the same insurance policy may reduce the rate for each vehicle.
One last thing about discounts, some of the credits will not apply to the whole policy. Some only apply to specific coverage prices like comprehensive or collision. Even though the math looks like you can get free auto insurance, companies don’t profit that way.
If you would like to choose from a list of providers that offer the discounts shown above in Texas, click here.
You Can Change Your Insurance Premiums
One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that play a part in calculating your premiums. When you know what positively or negatively determines base rates, this enables informed choices that could result in cheaper rates. Many things are considered when you get a price on insurance. Most are fairly basic such as your driving history, but other factors are more transparent such as your marital status or your vehicle rating.
Discounts for married drivers – Being married can get you a discount when buying auto insurance. Having a spouse means you’re more mature and responsible and insurance companies reward insureds because married drivers get in fewer accidents.
High premiums for teenage drivers – Youthful drivers in Texas are known to be more careless behind the wheel and because of this, their auto insurance rates are much higher. Older people are viewed as being more responsible, statistically cause fewer accidents, and are generally more financially stable.
Too many policy claims and you’ll pay more – Car insurance companies in Texas generally give discounts to insureds who do not file claims often. If you are the type of insured that files lots of claims you can look forward to higher premiums or even policy non-renewal. Your car insurance is intended for more catastrophic claims.
Where you live can influence premiums – Living in less populated areas can be a good thing when shopping for auto insurance. Less people means a lower chance of having an accident and a lower car theft rate. Drivers in populated Texas areas have more aggressive driving styles and more time behind the wheel. More time commuting can result in more accidents.
Raising comp and collision deductibles saves money – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your vehicle. Some examples of covered claims could be colliding with a building, damage caused by hail, and windstorm damage. Comp and collision deductibles define the amount the insured will be required to pay before a claim is paid by your company. The more you pay before a claim is paid (deductible), the less money you will pay for auto insurance.
Pay more for higher performance vehicles – The type of car you own makes a significant difference in your rates. The lowest base rates tend to be for lower cost passenger cars, but many other things help determine your insurance rates.
Loss probability for a Hyundai Equus – Insurers take into consideration historical loss data for every vehicle to determine a rate that will be profitable for them. Models that are shown to have a trend towards higher claims will have increased rates. The table below shows the loss history for Hyundai Equus vehicles.
For each insurance policy coverage type, the claim amount for all vehicles, as an average, is considered to be 100. Numbers shown that are under 100 suggest a better than average loss history, while values over 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Hyundai Equus 4dr||155||83||225||85|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
When should I get advice from an insurance agent?
Many people would rather sit down with an agent. Most agents can help determine the best coverages and will help you if you have claims. A good thing about getting online price quotes is you can get cheap rate quotes and still have a local agent.
For easy comparison, once you complete this simple form, your insurance data is sent to insurance agents in Lubbock who want to provide quotes for your insurance coverage. You don’t have to search for an agent since rate quotes are delivered to you instantly. If you want to get a rate quote from a particular provider, just search and find their rate quote page and complete a quote there.
Finding a good company requires more thought than just the bottom line cost. Any agent in Lubbock should be forthright in answering these questions:
- Are you getting all the discounts the company offers?
- How many companies do they write for?
- How long have they worked with personal auto insurance coverage?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Do they specialize in personal lines coverage in Lubbock?
- Where would glass claims be handled in Lubbock?
- What company do they have the most business with?
When researching a local insurance agency, it can be helpful to understand the different agency structures to choose from. Car insurance agents can either be independent or exclusive depending on the company they work for. Both types can properly insure your vehicles, but it’s important to know the differences since it could factor into your agent selection.
Exclusive Insurance Agents
Exclusive agencies can usually just insure with one company such as Allstate, State Farm and Farm Bureau. Exclusive agents cannot compare other company’s rates so they are skilled at selling on more than just price. These agents receive a lot of sales training in insurance sales which helps offset the inability to provide other markets. Some insured continue to choose to use a exclusive agent mostly because of the prominence of the brand rather than having the cheapest rates.
Shown below is a short list of exclusive insurance agents in Lubbock who may provide you with comparison quotes.
- Farmers Insurance – Jules Minne
10210 Frankford Ave Ste 220 – Lubbock, TX 79424 – (806) 783-9519 – View Map
- Allstate Insurance Agent: Danny Sellers
7302 82nd St Ste 11 – Lubbock, TX 79424 – (806) 866-2702 – View Map
- Rebecca Egert – State Farm Insurance Agent
9810 Indiana Ave Ste 120 – Lubbock, TX 79423 – (806) 795-4344 – View Map
Independent Agencies or Brokers
Independent agencies are not limited to a single company so they have the ability to put coverage with an assortment of companies depending on which coverage is best. If they find a lower price, they simply move the coverage in-house which makes it simple for you. When shopping rates, you definitely need to get some free quotes from independent agents so that you have a good selection of quotes to compare. Many write coverage with less well-known companies which can save you money.
The following are Lubbock independent insurance agents that can give you price quotes.
- Willcoxon Insurance
4601 S Loop 289 # 7 – Lubbock, TX 79424 – (806) 763-4005 – View Map
- All Write Insurance Agency
2413 20th St – Lubbock, TX 79411 – (806) 763-2886 – View Map
- Butler Carson Tate Insurance
4505 82nd St # 10 – Lubbock, TX 79424 – (806) 798-7979 – View Map
Ratings for Lubbock car insurance companies
Ending up with a highly-rated car insurance company can be a challenge considering how many companies sell coverage in Lubbock. The company ratings shown next can help you pick which insurers you want to consider putting your business with.
Top 10 Lubbock Car Insurance Companies Overall
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Lubbock Car Insurance Companies 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%
Don’t give up on cheap premiums
Insureds change insurance companies for a number of reasons such as policy non-renewal, being labeled a high risk driver, high prices and even delays in paying claims. Whatever your reason, finding a new company is pretty simple and you could end up saving a buck or two.
When shopping online for auto insurance, don’t be tempted to reduce coverage to reduce premium. Too many times, consumers will sacrifice liability coverage limits to discover at claim time they didn’t have enough coverage. The aim is to purchase a proper amount of coverage at an affordable rate.
There are still a few companies who may not offer online rate quotes and these small, regional companies provide coverage only through local independent agents. Budget-friendly auto insurance in Lubbock is available online and with local Lubbock insurance agents, and you need to price shop both to have the best rate selection.
Much more information about auto insurance in Texas can be found on the following sites:
- Rental Car Insurance Tips (Insurance Information Institute)
- What Insurance is Cheapest for Teenagers in Lubbock? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- Safety Belts FAQ (iihs.org)
- Prepare your Teens for Safe Driving (InsureUonline.org)