Save Money on Toyota Land Cruiser Insurance in Lubbock

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.

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 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 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
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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
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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
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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

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.

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.