Cheapest Insurance for a Subaru Outback in Lubbock

Insurance quote for Subaru Outback in LubbockThe preferred way to quote cheaper Subaru Outback insurance is to make a habit of regularly comparing prices from providers who sell insurance in Lubbock.

Step 1: Get a basic knowledge of what coverages are included in your policy and the steps you can take to prevent high rates. Many risk factors that increase rates such as tickets, at-fault accidents, and a not-so-good credit score can be amended by making minor driving habit or lifestyle changes.

Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like GEICO or State Farm, while agents who are independent can quote rates from multiple insurance companies. Click to view companies

Step 3: Compare the new rates to your current policy and see if there is a cheaper rate in Lubbock. If you can save some money and switch companies, make sure coverage is continuous and does not lapse.

The most important part of shopping around is to try to compare identical limits and deductibles on each quote request and and to get rate quotes from as many carriers as you can. This enables an accurate price comparison and a better comparison of the market.

It’s an obvious assumption that car insurance companies don’t want policyholders to compare prices from other companies. Consumers who compare other rates will presumably move their business because there is a good probability of finding a policy with better rates. A survey found that consumers who routinely shopped for cheaper coverage saved over $860 a year compared to those who never shopped around for better prices.

If finding the cheapest rates on insurance is your intention, then understanding how to get rate quotes and compare insurance can help make the process easier and more efficient.

The companies shown below are our best choices to provide free rate quotes in Lubbock, TX. In order to find cheap car insurance in TX, it’s a good idea that you visit as many as you can to get the cheapest price.

Insuring your Subaru Outback just makes sense

Despite the fact that insurance is not cheap in Lubbock, paying for insurance is not optional due to several reasons.

First, just about all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability coverage in order to get the vehicle licensed. 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 your Subaru Outback has a loan, more than likely the lender will require you to buy insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Subaru at a more expensive rate and require you to reimburse them a much higher amount than you were paying before.

Third, insurance preserves both your assets and your Subaru Outback. It will also pay for all forms of medical expenses that are the result of an accident. Liability insurance will also pay for a defense attorney if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of insuring your Outback are definitely more than the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver overpays as much as $820 a year so shop around every year to make sure the price is not too high.

Insurance statistics for a Subaru Outback

The table shown below highlights estimates of insurance coverage prices for Subaru Outback models. Learning more about how insurance premiums are calculated can assist in making informed decisions when comparing rate quotes.

Subaru Outback Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $202 $294 $462 $28 $138 $1,124 $94
Outback 2.5I Premium $202 $358 $462 $28 $138 $1,188 $99
Outback 2.5I Limited $202 $358 $462 $28 $138 $1,188 $99
Outback 3.6R $202 $358 $462 $28 $138 $1,188 $99
Outback 3.6R Premium $202 $358 $462 $28 $138 $1,188 $99
Outback 3.6R Limited $224 $422 $462 $28 $138 $1,274 $106
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Premium costs do not factor in specific Lubbock garaging location which can alter rates greatly.

Can higher deductibles save money?

One of the most common insurance questions is which deductibles should you choose. The following insurance rates help summarize the differences in price when you buy lower versus higher coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.

Subaru Outback insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $370 $486 $382 $22 $114 $1,399 $117
Outback 2.5I Premium $370 $592 $382 $22 $114 $1,505 $125
Outback 2.5I Limited $370 $592 $382 $22 $114 $1,505 $125
Outback 3.6R $370 $592 $382 $22 $114 $1,505 $125
Outback 3.6R Premium $370 $592 $382 $22 $114 $1,505 $125
Outback 3.6R Limited $412 $698 $382 $22 $114 $1,653 $138
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Subaru Outback insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $270 $328 $382 $22 $114 $1,116 $93
Outback 2.5I Premium $270 $400 $382 $22 $114 $1,188 $99
Outback 2.5I Limited $270 $400 $382 $22 $114 $1,188 $99
Outback 3.6R $270 $400 $382 $22 $114 $1,188 $99
Outback 3.6R Premium $270 $400 $382 $22 $114 $1,188 $99
Outback 3.6R Limited $300 $472 $382 $22 $114 $1,290 $108
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can influence price quotes significantly.

Based on the above data, using a $100 deductible would cost the average driver about $26 more each month or $312 every year averaged for all Outback models than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 15 months between claims, you would more than likely save some money going with the higher deductible. Here is how you can decide this on your own policy.

Average monthly premium for $100 deductibles: $126
Average monthly premium for $500 deductibles (subtract): – $100
Monthly savings from raising deductible: $26
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you have a claim. You need to have some extra savings in the event you need to pay the deductible.

How much more does full coverage cost?

The diagram below shows the comparison of Subaru Outback insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no other discounts are factored in.

When to buy liability coverage only

There is no set guideline to stop buying comp and collision coverage, but there is a general 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 you may need to consider dropping full coverage.

For example, let’s pretend your Subaru Outback book value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after paying your policy deductible. If you are paying more than $500 a year for full coverage, then you might want to think about dropping full coverage.

There are some cases where dropping full coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Cheap Lubbock insurance rates with discounts

Some insurance providers do not advertise all discounts in an easy-to-find place, so below is a list a few of the more well known and also the more inconspicuous insurance savings.Save money with discounts

Consumers should know that some credits don’t apply to the whole policy. The majority will only reduce specific coverage prices like medical payments or collision. So even though it sounds like you could get a free insurance policy, it doesn’t quite work that way. Any amount of discount will help lower your policy cost.

The chart below illustrates the difference between Subaru Outback insurance costs with and without discounts applied to the rates. The costs are based on a male driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, claim-free, homeowner, and marriage discounts applied.

Insurance companies that may include these money-saving discounts include:

When quoting, ask each company which discounts you may be entitled to. Some discounts might not apply in every state.

Do I just need basic coverages?

When quoting and choosing adequate coverage for your vehicles, there really isn’t a “perfect” insurance plan. Each situation is unique.Car insurance savings

For instance, these questions might help in determining if you could use an agent’s help.

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form. It only takes a few minutes and you can get the answers you need.

What is the best car insurance company in Lubbock?

Buying coverage from a highly-rated company can be rather challenging considering how many companies sell coverage in Lubbock. The company ratings shown next could help you decide which auto insurers to look at buying from.

Top 10 Lubbock Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Lubbock Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%