Affordable Toyota Sienna Insurance in Lubbock

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Insurance quote for Toyota Sienna in LubbockIt takes a little time, but the best way to find cheaper prices for car insurance rates in Lubbock is to compare prices at least once a year from providers who provide car insurance in Texas.

Step 1: Take a little time to learn about individual coverages and the changes you can make to drop your rates. Many things that cause rate increases such as traffic citations, accidents, and an unacceptable credit history can be controlled by paying attention to minor details.

Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from one company like Progressive or State Farm, while independent agents can quote prices for a wide range of insurance providers. View insurance agents

Step 3: Compare the new rate quotes to your current policy premium and determine if cheaper Sienna coverage is available in Lubbock. If you can save money, make sure there is no coverage gap between policies.

One bit of advice is to compare identical limits and deductibles on each quote request and and to get price estimates from as many different companies as possible. This guarantees an apples-to-apples comparison and many rates to choose from.

It's an obvious statement that car insurance companies don't want you shop around. People who shop around at least once a year will, in all likelihood, move their business because the odds are good of getting low-cost coverage. A recent survey revealed that consumers who routinely shopped around saved an average of $3,400 over four years compared to those who didn't regularly shop around.

If finding budget-friendly auto insurance in Lubbock is your objective, then learning a little about how to find companies and compare coverage rates can make it easier to shop your coverage around.

Our goal in writing this article tell you the best ways to compare prices and how to save the most money. If you have a policy now, you will definitely be able to find the best rates using the techniques covered below. Drivers just need to learn the most effective way to quote multiple rates instantly.

Finding a better price on auto insurance is actually easier than you may think. All you need to do is take the time to compare rate quotes online with multiple companies.

It's so simple to compare auto insurance quotes online takes the place of having to drive around to insurance agents' offices. The ability to get quotes online reduces the need to sit down with an agent unless you have a need for the extra assistance that you can only get from talking to an agent. Although, it is possible get prices online but purchase the actual policy in an agency.

The companies in the list below are ready to provide free rate quotes in Texas. If your goal is to find cheap car insurance in Texas, it's highly recommended you visit several of them to find the most affordable car insurance rates.

Premium rates and analysis

The premium table displayed below covers detailed analysis of insurance rates for Toyota Sienna models. Having a better idea how insurance policy rates are calculated can aid in making decisions on which insurance to purchase.

Toyota Sienna Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $152 $352 $496 $30 $148 $1,178 $98
Sienna LE $174 $352 $496 $30 $148 $1,200 $100
Sienna LE AWD $174 $352 $496 $30 $148 $1,200 $100
Sienna XLE $174 $352 $496 $30 $148 $1,200 $100
Sienna XLE AWD $174 $416 $496 $30 $148 $1,264 $105
Sienna Limited $198 $416 $496 $30 $148 $1,288 $107
Sienna Limited AWD $198 $416 $496 $30 $148 $1,288 $107
Get Your Own Custom Quote Go

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in Lubbock location which can increase or decrease coverage rates substantially.

Should you raise deductibles?

One of the more difficult decisions when buying car insurance is the level to set your comp and collision deductibles. The comparisons below may help to illustrate the costs and benefits when you choose different deductibles. The first data set uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Toyota Sienna insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $256 $496 $382 $22 $114 $1,295 $108
Sienna LE $294 $496 $382 $22 $114 $1,333 $111
Sienna LE AWD $294 $496 $382 $22 $114 $1,333 $111
Sienna XLE $294 $496 $382 $22 $114 $1,333 $111
Sienna XLE AWD $294 $584 $382 $22 $114 $1,421 $118
Sienna Limited $332 $584 $382 $22 $114 $1,459 $122
Sienna Limited AWD $332 $584 $382 $22 $114 $1,459 $122
Get Your Own Custom Quote Go
Toyota Sienna insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $158 $312 $382 $22 $114 $988 $82
Sienna LE $182 $312 $382 $22 $114 $1,012 $84
Sienna LE AWD $182 $312 $382 $22 $114 $1,012 $84
Sienna XLE $182 $312 $382 $22 $114 $1,012 $84
Sienna XLE AWD $182 $368 $382 $22 $114 $1,068 $89
Sienna Limited $206 $368 $382 $22 $114 $1,092 $91
Sienna Limited AWD $206 $368 $382 $22 $114 $1,092 $91
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Table data does not factor in vehicle garaging location which can alter insurance rates substantially.

Using the premium rates above, we can conclude that using a $250 deductible costs an average of $29 more each month or $348 annually averaged for all Sienna models than buying the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 26 months between claim filings, you would save money by selecting a higher deductible. The numbers below show the way you can do this calculation yourself.

Average monthly premium for $250 deductibles: $115
Average monthly premium for $1,000 deductibles (subtract): - $86
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

How accidents and violations affect rates in Lubbock

The information below shows how traffic citations and at-fault fender-benders raise Toyota Sienna insurance premiums for different ages of insureds. The data assumes a single female driver, full coverage, $250 deductibles, and no discounts are taken into consideration.

Cost difference between full coverage and liability

The chart below shows the difference between Toyota Sienna car insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no claims or violations, $500 deductibles, single status, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There is no written rule of when to exclude physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let's pretend your Toyota Sienna replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after the policy deductible has been paid. If you are paying in excess of $300 a year for your policy with full coverage, then you might want to think about dropping full coverage.

There are a few cases where dropping physical damage coverage is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Five Tips to Get Lower-cost Lubbock Insurance Costs

Part of the auto insurance buying process is learning some of the elements that are used to determine your premiums. If you have some idea of what determines base rates, this enables informed choices that may reward you with big savings.

  • Prices and employer - Did you know your occupation can influence how much you pay for auto insurance? Jobs such as military generals, police officers, and medical professionals tend to have higher rates than average attributed to high stress and lots of time spent away from family. On the other hand, jobs like actors, historians and retirees generally pay rates lower than average.
  • Do you need those incidental coverages? - There are many extra bells and whistles that can add up if you don't pay attention. Coverages like rental car coverage, accidental death, and extra life insurance coverage are examples of these. You may think they are a good idea when buying your policy, but if you have no use for them consider taking them off your policy.
  • Lower miles equals lower premium - The more miles you rack up on your Toyota every year the higher the price you pay to insure it. Most companies rate vehicles based upon how you use the vehicle. Cars and trucks that have low annual miles cost less to insure than those that get driven frequently. It's always a good idea to double check that your auto insurance declarations sheet is rated on how each vehicle is driven, because improper ratings can cost you money. Having an incorrect usage rating on your Sienna is just wasting money.
  • Bad credit hurts insurance prices - Having a bad credit rating will be a significant factor in your rate calculation. People with high credit ratings tend to be more responsible as compared to drivers with worse credit. If your credit score is not that good, you could save money insuring your Toyota Sienna if you clean up your credit.
  • Avoid auto insurance lapses - Driving your car without having proper coverage can get you a ticket and as a result your rates will increase for letting your insurance lapse. Not only will rates go up, getting caught without coverage will get you fines or a revoked license.
  • Insurance loss data for a Toyota Sienna - Car insurance companies use data from past claims to calculate a price that will offset losses. Models that are shown to have higher claim amounts or frequency will cost more for coverage.

    The table below demonstrates the loss history for Toyota Sienna vehicles. For each coverage category, the loss probability for all vehicles averaged together is represented as 100. Numbers below 100 indicate better than average losses, while numbers above 100 point to more frequent losses or statistically larger claims.

    Insurance Loss Ratings for Toyota Sienna Vehicles
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Toyota Sienna 2WD 99 88 99 94 98 85
    Toyota Sienna 4WD 106 94 102 75 65 73

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Three main reasons to buy car insurance

Even though it can be expensive, maintaining insurance is most likely required but also gives you several important benefits.

  • Almost all states have mandatory insurance requirements which means you are required to carry a 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.
  • If your vehicle has a loan, it's guaranteed your bank will force you to have insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Toyota for a lot more money and require you to fork over a much higher amount than you were paying before.
  • Car insurance protects not only your Toyota but also your financial assets. Insurance will pay for medical transport and hospital expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance are definitely more than the cost, particularly if you ever have a claim. But the average driver in Texas overpays as much as $855 a year so you should quote rates once a year at a minimum to ensure rates are competitive.

Best auto insurance company in Texas

Choosing the right insurance provider is difficult considering how many companies provide coverage in Lubbock. The ranking information in the next section can help you pick which car insurance providers 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 Service

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