Save Money on Toyota Land Cruiser Insurance in Lubbock

  1. Home
  2. >
  3. Lubbock Auto Insurance
  4. >
  5. Toyota Land Cruiser

The best way we recommend to find the cheapest price for Toyota Land Cruiser insurance in Lubbock is to make a habit of regularly comparing prices from insurers who sell auto insurance in Texas.

  • Step 1: Spend a few minutes and learn about how auto insurance works and the modifications you can make to prevent expensive coverage. Many rating factors that increase rates like distracted driving and an unacceptable credit score can be improved by making small lifestyle or driving habit changes. Later in this article we will cover instructions to get cheaper rates and get bigger discounts that may have been overlooked.
  • Step 2: Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or State Farm, while independent agencies can quote rates for a wide range of insurance providers. Compare rates
  • Step 3: Compare the quotes to your existing policy to see if you can save by switching companies. If you can save money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
  • Step 4: Notify your agent or company to cancel your current coverage and submit payment and a completed application to your new insurance company. When you receive it, keep the new certificate verifying proof of insurance with your vehicle's registration.

One thing to remember is that you use identical deductibles and limits on each quote and and to compare every company you can. This helps ensure a fair rate comparison and the best price selection.

Discount Toyota Land Cruiser insuranceA recent NerdWallet.com study revealed that most insurance buyers have bought insurance from the same company for well over three years, and approximately 40% of consumers have never compared rates to find lower-cost insurance. Texas drivers can save hundreds of dollars each year by just comparing rate quotes, but they just don't want to compare rates.

When shopping for Toyota Land Cruiser insurance in Lubbock there are multiple ways to compare rate quotes from different companies. The best method to lower the rate you pay for Toyota Land Cruiser insurance consists of obtaining rate quotes online.

When comparing insurance rates, know that comparing a large number of companies increases your odds of finding the best offered rates. Some insurance companies are not set up to provide price estimates online, so it's recommended that you also compare price estimates from them, too.

The companies in the list below are ready to provide quotes in Texas. To get the cheapest car insurance in Lubbock, it's highly recommended you visit two to three different companies to find the most affordable auto insurance rates.

Three reasons insurance is important

Despite the high insurance cost for a Toyota Land Cruiser in Lubbock, insurance is required in Texas but also provides important benefits.

  • The majority of states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability coverage if you want to drive legally. 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.
  • If you have a lien on your Toyota, it's most likely the lender will have a requirement that you have insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender will be forced to insure your Toyota at a much higher premium rate and force you to pay for it.
  • Insurance preserves both your vehicle and your personal assets. It will also cover medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if anyone sues you for causing an accident. If you have damage to your Toyota as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.

The benefits of buying enough insurance more than cancel out the cost, especially if you ever need it. The average driver in America overpays more than $700 annually so compare quotes from several companies at every policy renewal to ensure rates are inline.

Analysis of Toyota Land Cruiser rates

The coverage table displayed next showcases detailed analysis of insurance policy prices for Toyota Land Cruiser models. Learning a little about how premiums are determined can assist in making decisions when choosing a new policy provider.

Toyota Land Cruiser Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $388 $772 $366 $22 $110 $1,658 $138
Get Your Own Custom Quote Go

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in specific garaging location which can change prices considerably.

Physical damage deductible comparison

One of the more difficult decisions when buying insurance is how low should you set your deductibles. The rates shown below may help to illustrate the rate fluctuation when you choose different coverage deductibles. The first pricing table uses a $250 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Toyota Land Cruiser insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $446 $762 $382 $22 $114 $1,751 $146
Get Your Own Custom Quote Go
Toyota Land Cruiser insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $276 $478 $382 $22 $114 $1,272 $106
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Rate information does not factor in Lubbock location which can decrease or increase price quotes greatly.

Using the premium rates above, we can conclude that using a $250 deductible costs roughly $40 more each month or $480 every year than selecting the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 19 months between claims, you would most likely save money if you choose the higher deductible.

The diagram below demonstrates how choosing different deductibles and can affect Toyota Land Cruiser insurance premiums for different ages of insureds. The rate quotes are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

Toyota Land Cruiser liability-only versus full coverage

The chart below shows the difference between Toyota Land Cruiser premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no discounts are factored in.

When to eliminate full coverage

There is no set rule to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's pretend your Toyota Land Cruiser settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after you pay the deductible. If you are paying in excess of $500 a year for physical damage coverage, then it's probably a good time to buy liability coverage only.

There are some scenarios where dropping physical damage coverage is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Take policy discounts and save on Toyota Land Cruiser insurance in Lubbock

Car insurance is not an enjoyable expense, but discounts can save money and there are some available that may help make it more affordable. Some discounts will apply at the time of quoting, but once in a while a discount must be manually applied before you will receive the discount.Discount car insurance

  • Theft Prevention System - Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and will save you 10% or more on Land Cruiser insurance in Lubbock.
  • Discounts for Cautious Drivers - Drivers without accidents can save as much as half off their rates than drivers with accident claims.
  • Save over 55 - If you're over the age of 55, you may be able to get a small discount on rates.
  • Auto/Life Discount - If the company offers life insurance, you could get a break if you buy auto and life insurance together.
  • Good Grades Discount - Maintaining excellent grades could provide a savings of up to 20% or more. Many companies even apply the discount to college students up until you turn 25.
  • Defensive Driver - Participating in a course that instructs on driving safety could save 5% or more depending on where you live.
  • Government Employee Discount - Active or retired federal employment could provide a small rate reduction with select insurance companies.
  • Seat Belts Save - Requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) off the medical payments premium.
  • Passive Restraints and Air Bags - Cars that have air bags and/or automatic seat belt systems may get savings of 20 to 30 percent.
  • Multiple Vehicles - Having several vehicles with the same company could earn a price break for each car.

Discounts save money, but please remember that most of the big mark downs will not be given to all coverage premiums. Some only apply to individual premiums such as comp or med pay. Even though it appears having all the discounts means you get insurance for free, companies don't profit that way.

The example below compares Toyota Land Cruiser insurance premiums with and without some available policy discounts. The prices are based on a male driver, no violations or claims, 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 multi-car, claim-free, safe-driver, homeowner, marriage, and multi-policy discounts applied.

A list of companies and their offered discounts can be found below.

  • American Family policyholders can earn discounts including early bird, good driver, good student, bundled insurance, Steer into Savings, and mySafetyValet.
  • Nationwide offers premium reductions for business or organization, easy pay, anti-theft, defensive driving, and multi-policy.
  • MetLife has discounts for good driver, defensive driver, good student, claim-free, accident-free, and multi-policy.
  • 21st Century may include discounts for homeowners, good student, defensive driver, 55 and older, theft prevention, anti-lock brakes, and student driver.
  • Farmers Insurance may have discounts that include pay in full, bundle discounts, homeowner, mature driver, switch companies, and business and professional.
  • Allstate offers discounts for resident student, FullPay discount, multi-policy, new car, EZ pay plan discount, teenSMART discount, and defensive driver.

Double check with each company how many discounts you can get. Some discounts listed above may not be available in every state. To locate car insurance companies with significant discounts in Texas, click here to view.