Toyota Tundra Insurance Rate Quotes in Lubbock

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Insurance quote for Toyota Tundra in LubbockIf you want to save money, the best way to get budget Toyota Tundra insurance in Lubbock is to start comparing prices yearly from insurance carriers that sell auto insurance in Texas. You can compare rates by completing these steps.

  1. Get an understanding of what is in your policy and the things you can control to prevent expensive coverage. Many rating factors that increase rates like traffic citations and poor credit history can be controlled by being financially responsible and driving safely.
  2. Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive or State Farm, while independent agents can quote prices from multiple companies. Compare rates
  3. Compare the new quotes to your current policy premium and see if you can save money. If you find a better price, make sure coverage does not lapse between policies.
  4. Give notification to your agent or company of your intention to cancel your existing policy. Submit payment along with a signed and completed policy application to your new agent or company. As soon as you have the new policy, put the certificate of insurance in your vehicle.

One key aspect of rate comparisons is to try to use similar coverage information on every price quote and and to analyze as many carriers as you can. This ensures an apples-to-apples comparison and maximum price selection.

Sad but true, a large majority of car insurance policyholders kept buying from the same company for more than four years, and about 40% of consumers have never quoted car insurance rates at all. Lubbock drivers can cut their rates by $1,800 a year by just shopping around, but they don't want to take the time to find lower-cost insurance by shopping around.

The following companies provide quotes in Lubbock, TX. To find the cheapest car insurance in Lubbock, we recommend you click on several of them to get the cheapest price.

Discount Lubbock car insurance quotes

Auto insurance companies don't always publicize all discounts very well, so we researched some of the more common as well as the least known credits available to lower your premiums when you buy Lubbock car insurance online.Car insurance discounts

  • Multi-line Discount - If the company offers life insurance, you could get a small discount if you purchase life insurance from them.
  • Discounts for Multiple Vehicles - Having multiple cars on one policy may reduce the rate for each vehicle.
  • Full Payment Discount - If paying your policy premium upfront rather than paying in monthly installments you may reduce your total bill.
  • Military Rewards - Being deployed in the military can result in better premium rates.
  • Professional Memberships - Participating in qualifying clubs or civic groups can get you a small discount when getting a Lubbock car insurance quote.
  • Auto/Home Discount - If you can bundle your auto and homeowners insurance with the same company they may give you a discount of 10% to 20% off each policy.

As a sidenote, most discount credits are not given to the whole policy. Some only apply to the cost of specific coverages such as comp or med pay. Despite the appearance that you would end up receiving a 100% discount, you're out of luck. But all discounts will definitely reduce the cost of coverage.

The example below compares Toyota Tundra car insurance costs with and without policy discounts. The premiums are based on a female driver, no violations or accidents, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, safe-driver, marriage, and claim-free discounts applied.

Some of the larger companies that have many of the previously listed discounts possibly include:

If you want low cost Lubbock car insurance quotes, ask each insurance company what discounts are available to you. Some credits may not be offered in your area.

Analysis of coverages

The rate information displayed next covers a range of insurance prices for Toyota Tundra models. Learning more about how prices are calculated can help customers make informed decisions.

Toyota Tundra Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $156 $294 $520 $30 $156 $1,156 $96
Tundra SR/5 Double Cab 2WD $178 $358 $520 $30 $156 $1,242 $104
Tundra SR/5 Crew Max 2WD $178 $358 $520 $30 $156 $1,242 $104
Tundra Regular Cab 4WD $202 $358 $520 $30 $156 $1,266 $106
Tundra Double Cab 4WD $202 $358 $520 $30 $156 $1,266 $106
Tundra SR/5 Double Cab 4WD $202 $358 $520 $30 $156 $1,266 $106
Tundra Limited Double Cab 2WD $202 $422 $520 $30 $156 $1,330 $111
Tundra Limited Crew MAX 2WD $202 $422 $520 $30 $156 $1,330 $111
Tundra Limited Crew MAX 4WD $224 $422 $520 $30 $156 $1,352 $113
Tundra SR/5 Crew Max 4WD $224 $422 $520 $30 $156 $1,352 $113
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Price estimates do not factor in Lubbock location which can influence price quotes noticeably.

Physical damage deductibles

One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The rates shown below highlight the rate differences of buying low and high physical damage coverage deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Toyota Tundra insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $286 $486 $430 $26 $128 $1,381 $115
Tundra SR/5 Double Cab 2WD $328 $592 $430 $26 $128 $1,529 $127
Tundra SR/5 Crew Max 2WD $328 $592 $430 $26 $128 $1,529 $127
Tundra Regular Cab 4WD $370 $592 $430 $26 $128 $1,571 $131
Tundra Double Cab 4WD $370 $592 $430 $26 $128 $1,571 $131
Tundra SR/5 Double Cab 4WD $370 $592 $430 $26 $128 $1,571 $131
Tundra Limited Double Cab 2WD $370 $698 $430 $26 $128 $1,677 $140
Tundra Limited Crew MAX 2WD $370 $698 $430 $26 $128 $1,677 $140
Tundra Limited Crew MAX 4WD $412 $698 $430 $26 $128 $1,719 $143
Tundra SR/5 Crew Max 4WD $412 $698 $430 $26 $128 $1,719 $143
Get Your Own Custom Quote Go
Toyota Tundra insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $208 $328 $430 $26 $128 $1,120 $93
Tundra SR/5 Double Cab 2WD $240 $400 $430 $26 $128 $1,224 $102
Tundra SR/5 Crew Max 2WD $240 $400 $430 $26 $128 $1,224 $102
Tundra Regular Cab 4WD $270 $400 $430 $26 $128 $1,254 $105
Tundra Double Cab 4WD $270 $400 $430 $26 $128 $1,254 $105
Tundra SR/5 Double Cab 4WD $270 $400 $430 $26 $128 $1,254 $105
Tundra Limited Double Cab 2WD $270 $472 $430 $26 $128 $1,326 $111
Tundra Limited Crew MAX 2WD $270 $472 $430 $26 $128 $1,326 $111
Tundra Limited Crew MAX 4WD $300 $472 $430 $26 $128 $1,356 $113
Tundra SR/5 Crew Max 4WD $300 $472 $430 $26 $128 $1,356 $113
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can affect premiums noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost you roughly $27 more each month or $324 for a full year than quoting the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you average at a minimum 15 months between claim filings, you would most likely save money if you choose a higher deductible.

The diagram below highlights how deductible choice and can change Toyota Tundra premium costs for each different age group. The prices are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

Toyota Tundra liability rates compared to full coverage

The illustration below illustrates the comparison of Toyota Tundra insurance prices with and without full coverage. The data assumes no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

Should you pay for full coverage or liability only?

There is no exact rule for dropping full coverage on your policy, but there is a general convention. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let's pretend your Toyota Tundra book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after the deductible is paid. If you are paying over $500 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some conditions where dropping physical damage coverage is not financially feasible. 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 totaled, you should not buy liability only.

You Can Change Your Insurance Premiums

Lots of factors are taken into consideration when pricing auto insurance. Some are obvious like a motor vehicle report, but some are not as apparent such as whether you are married or how safe your car is. A large part of saving on insurance is knowing the rating factors that play a part in calculating your policy premiums. When you know what positively or negatively influences your rates, this enables you to make decisions that may result in lower rates.

  • Insurance rates and your vocation - Occupations such as lawyers, business owners, and emergency personnel generally have the highest average rates due to intense work-related stress and lengthy work days. Conversely, occupations like farmers, engineers and performers get better rates.
  • Cautious drivers pay less - Careful drivers pay lower auto insurance prices than bad drivers. Even a single ticket could increase your next policy renewal substantially. Drivers who have received multiple violations like DWI, reckless driving or hit and run convictions might be required by their state to submit a SR-22 or proof of financial responsibility with their state's licensing department in order to legally drive.

    The chart below demonstrates how citations and at-fault claims influence Toyota Tundra car insurance costs for different age groups. Data assumes a single female driver, comp and collision included, $100 deductibles, and no discounts are applied.

  • Your location is important - Living in less populated areas of the country may provide you with better prices when talking about insurance. Fewer drivers on the road means fewer accidents. People who live in big cities have to deal with congested traffic and a longer drive to work. Higher commute times means higher likelihood of an accident.
  • Do you really need roadside assistance? - There are many extra bells and whistles you can purchase when buying insurance. Coverages for vanishing deductibles, better glass coverage, and membership fees are examples of these. They may sound like good ideas when talking to your agent, but your needs may have changed so eliminate them to save money.
  • How credit rating affects insurance costs - Credit history is a big factor in determining what you pay. Therefore, if your credit history is lower than you'd like, you may save money insuring your Toyota Tundra by repairing your credit. Drivers who have high credit scores tend to file fewer claims and have better driving records than drivers with bad credit.
  • Low comp and collision deductibles mean high costs - Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Toyota. Some coverage claims are a windshield shattered by a rock, hail damage, and damage caused by flying debris. Physical damage deductibles represent how much money you are required to spend out-of-pocket if a covered claim is submitted. The larger the amount you choose to pay out-of-pocket, the bigger discount you will receive.
  • A insurance lapse can increase rates - Going without insurance is a fast way to pay more for insurance. In addition to paying higher premiums, getting caught without coverage may earn you a revoked license or a big fine.
  • Insurance loss data for a Toyota Tundra - Auto insurance companies take into consideration insurance loss statistics for every vehicle when determining insurance rates. Vehicles that the statistics show to have higher losses will cost more to insure.

    The table shown below demonstrates the compiled insurance loss statistics for Toyota Tundra vehicles. For each coverage category, the claim amount for all vehicles, as a total average, is a value of 100. Numbers shown that are under 100 suggest losses that are better than average, while values over 100 indicate more frequent losses or a tendency for claims to be larger.

    Insurance Loss Ratings for Toyota Tundra Vehicles
    Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Toyota Tundra CrewMax 2WD 88 105 96 63 75 94
    Toyota Tundra CrewMax 4WD 97 113 105 64 51 77
    Toyota Tundra Double Cab 2WD 95 131 90 85 84 107
    Toyota Tundra Double Cab 4WD 86 112 93 53 55 79
    Toyota Tundra Double Cab LWB 4WD 93 115 69
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Local agents and insurance

Some consumers prefer to go talk to an agent. Professional insurance agents can help determine the best coverages and help submit paperwork. One of the great benefits of getting online price quotes is the fact that drivers can get lower rates but still work with a licensed agent.

Insurance agency in LubbockUpon completion of this simple form, your insurance data is instantly submitted to local insurance agents in Lubbock that can give you free Lubbock car insurance quotes to get your business. It's much easier because you don't need to do any legwork because quoted prices will be sent immediately to you. If you want to get a price quote from one company in particular, don't hesitate to jump over to their website and submit a quote form there.

Selecting a insurer is decision based upon more than just the bottom line cost. Here are some questions you might want to ask.

  • Can you contact them at any time?
  • Do they assist clients in filing claims?
  • Do they prorate repair cost based on vehicle mileage?
  • What company holds the largest book of business for them?
  • Where would your vehicle be repaired?
  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • Do they see any coverage gaps in your plan?
  • Can you get a list of referrals?

If you prefer to buy insurance from an insurance agent, you need to know there are two different types of agencies and how they can quote your rates. Agents in Lubbock can be described as either independent or exclusive depending on the company they work for. Either can sell and service insurance coverage, but it is important to understand why they differ since it may influence which agent you choose.

Exclusive Agents

Agents that elect to be exclusive can only provide one company's prices and some examples include AAA, Allstate, and State Farm. They are unable to place coverage with different providers so keep that in mind. Exclusive agencies are well trained on their products and sales techniques which helps offset the inability to provide other markets. Drivers often use the same exclusive agent primarily because of the brand name and the convenience of having all coverages with one company.

The following is a list of exclusive agencies in Lubbock that are able to give price quote information.

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Independent Agents

Agents that elect to be independent are normally appointed by many insurers so they can insure your vehicles amongst many companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they can switch companies in-house which makes it simple for you.

When comparing insurance prices, it's recommended you include price quotes from independent agents to ensure the widest selection of prices. Most also write with small mutual carriers which can be an advantage.

The following is a short list of independent agencies in Lubbock that can give you price quotes.

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Do I need special coverages?

Always keep in mind that when comparing your policy for your vehicles, there really is no one-size-fits-all type of policy. Every situation is different.Car insurance savings

For example, these questions may help you determine if your situation could use an agent's help.

  • Does medical payments coverage apply to all occupants?
  • Does rental coverage apply when I am renting a car?
  • Which companies will insure high-risk drivers?
  • What is motorclub and do I need it?
  • Are split liability limits better than a combined single limit?
  • Can I insure my car for more than it's worth?
  • Can I use my car for my catering business?
  • I have health insurance so do I need medical payments coverage?
  • Can I drive in Mexico and have coverage?

If you can't answer these questions, you may need to chat with an insurance agent. If you don't have a local agent, complete this form. It is quick, free and you can get the answers you need.

How to find a good Lubbock auto insurance company

Picking the highest-rated car insurance provider is hard considering how many companies provide coverage in Lubbock. The ranking data in the next section can help you decide which car insurance companies to look at when comparing rate quotes.

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

How much can you save?

People switch companies for any number of reasons including lack of trust in their agent, high prices, questionable increases in premium and even delays in paying claims. Regardless of your reason for switching companies, finding a new car insurance company can be easier than you think.

As you restructure your insurance plan, don't be tempted to reduce coverage to reduce premium. Too many times, an accident victim reduced uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The aim is to find the BEST coverage at the lowest possible cost, but don't skip important coverages to save money.

You just read a lot of ways to save on Toyota Tundra insurance in Lubbock. The most important thing to understand is the more you quote Lubbock car insurance, the higher the chance of saving money. You may even discover the best rates are with a small mutual company.

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