The preferred way to get discount Porsche 911 insurance in Lubbock is to start comparing rates regularly from insurers who sell insurance in Texas. Rates can be compared by following these guidelines.
First, it will benefit you to learn about how auto insurance works and the things you can control to keep rates low. Many rating factors that are responsible for high rates like multiple speeding tickets and a less-than-favorable credit history can be remedied by making minor changes to your lifestyle. This article provides more details to get affordable coverage and find hidden discounts.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like GEICO and Allstate, while independent agents can provide rate quotes from multiple sources.
Third, compare the quotes to your existing policy to see if a cheaper rate is available. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, give proper notification to your current agent or company of your decision to cancel your current car insurance policy and submit the completed application along with a down payment for the new coverage. As soon as you have the new policy, store the certificate verifying coverage above your visor, in the console, or in the glove compartment.
An essential thing to point out is to compare similar deductibles and liability limits on each price quote and and to get rates from as many different companies as possible. Doing this helps ensure a level playing field and the most accurate and complete price analysis.
It’s easy to assume that car insurance companies don’t want you to compare rates. Insureds who compare rates annually will probably buy a different policy because there is a great chance of finding a policy with more affordable rates. A survey found that drivers who regularly compared rates saved as much as $70 a month compared to those who never shopped for cheaper rates.
If finding the cheapest price on car insurance is why you’re reading this, learning how to find companies and compare insurance rates can help simplify the task of finding more affordable coverage.
If you already have coverage, you should be able to find the best rates using the tips covered below. Locating the best rates in Lubbock is actually very simple if you learn how to start. But Texas drivers can benefit by having an understanding of the methods companies use to determine premium rates because it can help you find the best coverage.
Reduce Insurance Rates with These Tips
Lots of factors are used when quoting car insurance. Some factors are common sense such as your driving record, but other criteria are not quite as obvious like your continuous coverage or your commute time. Consumers need to have an understanding of some of the factors that aid in calculating the rates you pay for auto insurance. When consumers understand what determines base rates, this empowers consumers to make smart changes that will entitle you to big savings.
The itemized list below are just a few of the factors used by companies to determine your rates.
- Only buy what you need – There are many extra bells and whistles that can add up when buying auto insurance. Coverages like personal injury protection, high-cost glass coverage, and additional equipment coverage could be just wasting money. The coverages may be enticing when buying your policy, but your money might be better spent on other coverage so think about removing them and cutting costs.
- Safer cars cost less to insure – Cars with high safety ratings tend to be cheaper to insure. Highly rated vehicles reduce occupant injuries and any reduction in injury severity translates directly to fewer claims which can result in lower premiums. If your Porsche 911 has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
- Don’t let your auto insurance policy lapse – Driving your car without having proper coverage can get you a ticket and you will pay a penalty because you let your insurance lapse for non-payment. Not only will you pay higher rates, not being able to provide proof of insurance could result in a license revocation or jail time.
- How much liability insurance do you need? – Liability insurance will afford coverage if a jury decides you are liable for causing personal injury or damage in an accident. It will provide legal defense coverage which can cost thousands of dollars. This coverage is relatively inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
- Your location is important – Living in smaller towns and rural areas of the country may provide you with better prices when shopping for auto insurance. City drivers have more traffic problems and longer commutes to work. Fewer drivers and short commutes means reduced accidents and lower theft and vandalism rates.
Insurance loss data for a Porsche 911 – Companies use statistical claims data to determine a price that will be profitable for them. Models that historically have higher number or severity of losses will cost more for coverage.
The next table shows the collected loss data for Porsche 911 vehicles. For each policy coverage, the claim probability for all vehicles, regardless of make or model, is equal to 100. Numbers below 100 imply a favorable loss record, while numbers that are greater than 100 indicate higher probability of having a loss or tendency to have higher losses.
Porsche 911 Insurance Claim Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Porsche 911 Carrera 2dr 191 47 173 24 Porsche 911 Carrera Convertible 197 51 224 36 Porsche 911 Turbo 2dr 4WD 349 367BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When shopping for low cost Lubbock car insurance quotes, there are a couple of ways to compare rate quotes from lots of Texas auto insurance companies. The fastest way to do a complete rate comparison is simply to get online rate quotes.
Doing online rate quotes comparisons is so easy that it makes it a waste of time to drive around to and from local Lubbock insurance agencies. Comparing Porsche 911 insurance rate quotes online has made agencies unnecessary unless you have a complicated situation and need the professional assistance of an agent trained in personal lines coverage. Although, it is possible comparison shop online but buy the policy through an agent. It’s important to know that having more price comparisons will improve the odds of getting lower pricing. Not every company allows you to get online Lubbock 911 insurance quotes, so you also need to get price quotes from the smaller companies as well.
The companies in the list below offer comparison quotes in Texas. If your goal is to find cheap auto insurance in Texas, we recommend you visit as many as you can to get the best price comparison.
Rates and information analytics
The information shown next highlights different insurance costs for Porsche 911 models. Having a good understanding how car insurance premiums are formulated helps drivers make decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|911 Carrera 2 2-Dr Coupe||$268||$578||$388||$24||$116||$1,374||$115|
|911 Carrera 4 2-Dr Coupe||$290||$578||$388||$24||$116||$1,396||$116|
|911 Carrera 2 Cabriolet 2-Dr Convertible||$290||$578||$330||$20||$98||$1,316||$110|
|911 Carrera 2 S 2-Dr Coupe||$290||$578||$388||$24||$116||$1,396||$116|
|911 Carrera 4 Cabriolet 2-Dr Convertible||$290||$578||$330||$20||$98||$1,316||$110|
|911 Carrera 4S 2-Dr Coupe||$290||$632||$388||$24||$116||$1,450||$121|
|911 Carrera Targa 2-Dr Coupe||$290||$632||$388||$24||$116||$1,450||$121|
|911 Carrera 2 S 2-Dr Convertible||$290||$632||$330||$20||$98||$1,370||$114|
|911 Carrera 4S Cabriolet 2-Dr Convertible||$312||$578||$330||$20||$98||$1,338||$112|
|911 Carrera Targa S 2-Dr Coupe||$312||$632||$388||$24||$116||$1,472||$123|
|911 GT3 2-Dr Coupe||$312||$688||$388||$24||$116||$1,528||$127|
|911 GT3 RS 2-Dr Coupe||$358||$742||$388||$24||$116||$1,628||$136|
|911 Turbo 2-Dr Coupe||$358||$742||$388||$24||$116||$1,628||$136|
|911 Turbo 2-Dr Convertible||$358||$796||$330||$20||$98||$1,602||$134|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price estimates do not factor in zip code location which can change premium rates significantly.
The diagram below demonstrates how deductible levels and can raise or lower Porsche 911 insurance costs for each age group. The premium estimates are based on a single male driver, full physical damage coverage, and no policy discounts are applied.
Poor driving habits will raise your insurance rates
The illustration below illustrates how traffic citations and accident claims can affect Porsche 911 insurance rates for different age groups of insureds. The rate quotes are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Porsche 911 insurance costs by age and gender
The diagram below illustrates the comparison of Porsche 911 annual premium costs for male and female drivers. The premium estimates are based on no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Three main reasons to buy insurance
Despite the high cost, maintaining insurance is mandatory in Texas but it also protects more than you think.
First, the majority of states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability insurance if you don’t want to risk a ticket. 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.
Second, if you took out a loan on your Porsche 911, most lenders will force you to have full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Porsche for a much higher rate and make you pay much more than you were paying before.
Third, insurance safeguards both your assets and your vehicle. It will also provide coverage for hospital and medical expenses incurred in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you cause an accident and are sued. If you have damage to your Porsche as the result of the weather or an accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of buying insurance definitely exceed the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is overpaying over $830 a year so it’s very important to do a rate comparison each time the policy renews to be sure current rates are still competitive.
Companies offer money-saving discounts on Porsche 911 insurance in Lubbock
Not too many consumers would say insurance is affordable, but there could be available discounts that many people don’t even know exist. A few discounts will automatically apply when you get a quote, but some may not be applied and must be specially asked for before being credited.
- Seat Belt Usage – Buckling up and requiring all passengers to buckle up can save 10% or more off the personal injury premium cost.
- Passive Restraints – Factory air bags or motorized seat belts can receive discounts up to 30%.
- Good Driver Discount – Insureds who avoid accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
- Pay Upfront and Save – If you can afford to pay the entire bill instead of making monthly payments you could save 5% or more.
- Sign Early and Save – Some larger companies provide a discount for switching companies before your current coverage expires. It’s a savings of about 10%.
- Federal Employees – Active or former government employment can earn a discount up to 10% with a few insurance companies.
You can save money using discounts, but most credits do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as liability, collision or medical payments. So even though you would think all those discounts means the company will pay you, it doesn’t quite work that way.
The example below illustrates the comparison of Porsche 911 premium costs with and without discounts applied. The information is based on a female driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, multi-policy, marriage, and multi-car discounts applied.
If you would like to view insurers that offer the discounts shown above in Texas, click here to view.
Buying from auto insurance agents
Many people would prefer to sit down and talk to an agent and often times that is recommended The biggest benefit of getting free rate quotes online is you may find cheap insurance rates and still have an agent to talk to.
To help locate an agent, after submitting this quick form, the coverage information is transmitted to companies in Lubbock who will give you quotes for your coverage. There is no need to search for any insurance agencies because prices are sent immediately to you. You can most likely find cheaper rates and a licensed agent to work with. In the event you want to compare prices from a particular provider, you would need to jump over to their website to submit a rate quote request.
Finding the right provider needs to be determined by more than just a cheap quote. Some important questions to ask are:
- Are claim adjusters local or do you have to take your car somewhere else?
- If you are a high risk driver, do they have special markets for your coverage?
- How long has the business existed?
- Can you contact them at any time?
- Will one accident increase rates?
- Will the agent or a CSR service your policy?
The difference between Lubbock auto insurance agents
When finding a reliable insurance agency, you should know the types of agencies and how they can quote your rates. Insurance agents in Lubbock can be categorized as either independent or exclusive depending on the company they work for.
These type of agents generally can only insure with one company like AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents are unable to provide other company’s prices so they really need to provide good service. Exclusive agents are very knowledgeable in insurance sales and that can be a competitive advantage.
Shown below is a list of exclusive insurance agencies in Lubbock who may provide you with price quotes.
Independent Agents (or Brokers)
Agents that elect to be independent can quote rates with many companies and that enables them to quote your coverage with any number of different companies and find the cheapest insurance rates. If they find a cheaper price, they can switch companies in-house and you can keep the same agent. When shopping rates, we recommend you contact a couple of independent agencies to have the best price comparison.
Shown below are independent insurance agents in Lubbock that can give you price quote information.
After receiving reasonable responses to these questions as well as a price you’re happy with, you have narrowed it down to an insurance agency that meets the requirements to provide insurance coverage.
Texas auto insurance companies ranked
Picking a good quality car insurance provider can be difficult considering how many choices drivers have in Texas. The company rank data below can help you analyze which providers to look at purchasing from.
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 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%
Your car insurance coverage should be tailored to you
Always keep in mind that when comparing adequate coverage for your vehicles, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s and your car insurance should be unique as well.
These are some specific questions might help in determining if your insurance needs might need professional guidance.
- Can I insure my car for more than it’s worth?
- What does roadside assistance cover?
- Can my babysitter drive my car?
- If I drive on a suspended license am I covered?
- Is business property covered if stolen from my car?
- What is the premium to book value ratio for dropping full coverage?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
More quotes mean more auto insurance savings
Budget-conscious Porsche 911 insurance can be found on the web as well as from insurance agents, so you need to shop Lubbock car insurance with both to have the best rate selection. Some auto insurance companies do not provide internet price quotes and these smaller companies work with independent insurance agents.
As you prepare to switch companies, you should never buy poor coverage just to save money. There are too many instances where someone dropped uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy a smart amount of coverage at the lowest possible cost.
Helpful learning opportunities
- Booster Seat Ratings (iihs.org)
- Who Has Cheap Car Insurance Rates for a Toyota Tacoma in Lubbock? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- Think You’re a Safe Driver? (State Farm)
- Event Data Recorders FAQ (iihs.org)