Who Has The Cheapest Auto Insurance Quotes in Lubbock, Texas?
Who Has The Cheapest Auto Insurance Quotes in Lubbock, Texas?
Find Cheap Auto Insurance Quotes in Lubbock, TX
Texas insurance rates are pricier than the national average, but quotes in Lubbock can be higher or lower than the state average depending on various factors. ValuePenguin analyzed quotes and data from some of the largest insurers in Lubbock to determine which company has the best rates for your background. Rates can vary widely depending on credit score, driver profile and accident history.
For our sample driver, rates for a minimum coverage policy varied by over $900 per year between companies, showing the importance of shopping around if you're looking for cheap rates.
Who has the cheapest car insurance rates in Lubbock, Texas?
The auto insurance with the lowest cost is a minimum policy, which is mandated on a state-by-state basis. The cheapest major auto insurance company for a minimum policy in Texas is State Farm, with an average policy cost of $649. A good affordable alternative that is worth looking into is Fred Loya Insurance, a smaller company with an average minimum insurance cost of $505.
If you are a former or current military member, you are eligible for a policy with USAA, which has rates averaging $395 — significantly cheaper than State Farm and Fred Loya Insurance.
While Loya has the best price out of eight major insurance companies, you should keep in mind that depending on your history and driver profile, your coverage price range can be very different from those listed below.
Find Cheap Auto Insurance Quotes in Lubbock, TX
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Loya | $505 |
| 2 | State Farm | $649 |
| 3 | Chubb | $693 |
| 4 | GEICO | $916 |
| 5 | Dairyland | $975 |
| 6 | MetLife | $1,008 |
| 7 | Nationwide | $1,049 |
| 8 | Allstate | $1,336 |
| N/A* | USAA | $395 |
Cheapest full coverage auto insurance in Lubbock
A full coverage car insurance policy includes comprehensive and collision coverage in addition to state requirements, and in Lubbock, it's three times more expensive than a minimum coverage policy. The cheapest option by a significant margin is Loya, costing an average $905 per year. If you are looking to be insured by a major company, the cheapest option is State Farm, with an average cost of $1,451.
However, if you are a current or former military member, you should research and consider contacting USAA. USAA’s average full coverage policy price is $1,411 — $40 lower than State Farm.
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Loya | $905 |
| 2 | State Farm | $1,451 |
| 3 | GEICO | $2,124 |
| 4 | Chubb | $2,236 |
| 5 | Nationwide | $2,334 |
| 6 | Dairyland | $3,773 |
| 7 | Allstate | $4,643 |
| 8 | MetLife | $4,695 |
| NA* | USAA | $1,411 |
A full coverage policy is significantly more expensive than a minimum coverage policy but also possesses several benefits depending on your needs and driver profile. For instance, if you have a new or expensive car, it might be a worthwhile investment to have full coverage. Full coverage protects you in cases of theft, crashes involving immovable objects like trees or damage not caused by another vehicle.
Cheapest full coverage auto insurance for young drivers in Lubbock
Young drivers are often seen as riskier and therefore tend to face higher insurance premiums. However, there are still ways to find inexpensive insurance if you dig deep enough and research your options.
If you are a young driver, check out Loya and State Farm. Loya charges an average price of $3,068, while State Farm costs approximately $4,460 per year for a full coverage policy. For current and former military members, USAA’s average full coverage policy costs $2,458 per year.
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Loya | $3,068 |
| 2 | GEICO | $4,424 |
| 3 | State Farm | $4,460 |
| 4 | Chubb | $5,595 |
| 5 | Allstate | $8,549 |
| 6 | Nationwide | $8,914 |
| 7 | Dairyland | $8,192 |
| 8 | MetLife | $15,290 |
| NA | USAA | $2,458 |
Cheapest car insurance in Lubbock with a prior accident
Accidents are one of the major factors affecting the cost of insurance. The cost of car insurance in Lubbock increases by an average of 1.2 times following an accident involving damage to your vehicle. Depending on your insurance company, these hikes can be even more dramatic. For example, if you are insured under MetLife and have an accident, your annual insurance costs can nearly double.
These price increases illustrate why it is important to be aware of how your accidents might be affecting your auto insurance. If you have been in an accident recently, we found the three insurance companies with the smallest average price increases are Nationwide, Loya and State Farm.
| Rank | Company | Rates before accident | Rates after accident | Difference |
|---|---|---|---|---|
| 1 | Loya | $905 | $1,123 | $218 |
| 2 | State Farm | $1,451 | $1,696 | $245 |
| 3 | GEICO | $2,124 | $3,271 | $1,146 |
| 4 | Chubb | $2,236 | $3,783 | $1,548 |
| 5 | Nationwide | $2,334 | $2,334 | $0 |
| 6 | Dairyland | $3,773 | $4,896 | $1,122 |
| 7 | Allstate | $4,643 | $7,213 | $2,570 |
| 8 | MetLife | $4,695 | $9,001 | $4,306 |
| NA | USAA | $1,411 | $2,088 | $677 |
Best car insurance company in Lubbock, by customer service
Navigating the auto insurance process after an accident can be confusing and frustrating. In order to ensure that the experience is seamless and painless, it is important to consider customer service when choosing insurance companies.
The three major insurers with the lowest rates of customer complaints are:
Chubb, in particular, has the third cheapest minimum insurance policy in Lubbock and the second highest customer service rating. Chubb’s excellent customer service feedback comes from the company building personal relationships with their customers.
Meanwhile Loya, which has the cheapest minimum insurance policy in Lubbock, has the highest rate of customer complaints out of 14 major insurers in Texas. Unlike many insurance companies, Loya does not have a claims center available 24 hours a day, seven days a week. A review of Loya also indicates that customers complained about long response times and an inability to return calls.
| Rank | Company | Market share | Complaint Index |
|---|---|---|---|
| 1 | Farmers Insurance | 6.7% | 0.16 |
| 2 | Chubb | 0.4% | 0.27 |
| 3 | Travelers (Consumers County Mutual) | 1.9% | 0.34 |
| 4 | Nationwide | 1.5% | 0.39 |
| 5 | Progressive | 13.9% | 0.4 |
| 6 | Berkshire Hathaway Inc. | 11.5% | 0.41 |
| 7 | Texas Farm Bureau Insurance | 2.8% | 0.42 |
| 8 | Allstate Corp. | 10.3% | 0.6 |
| 9 | State Farm | 12.2% | 0.69 |
| 9 | USAA | 7.1% | 0.69 |
| 11 | MetLife | 0.5% | 0.91 |
| 12 | Liberty Mutual | 4.1% | 0.93 |
| 13 | Sentry Insurance (Dairyland) | 0.5% | 1.03 |
| 14 | Loya Insurance | 0.9% | 2.01 |
The table above ranks Texas insurers by their National Association of Insurance Commissioners (NAIC) Complaint Index. A low complaint index indicates that customers filed complaints to their state regulators at a lower rate.
Average cost of auto insurance, by neighborhood
Depending on which area of Lubbock you reside in, auto insurance rates can vary by nearly $100 per year. Even neighborhoods within close proximity to one another can differ significantly in average rates.
Downtown Lubbock and Northwest Lubbock are both located just outside of Texas Tech University. However, auto insurance in Downtown Lubbock costs an average of $863 compared to Northwest Lubbock, which costs an average of $788.
| Zip Code | Neighborhood | Average annual car insurance rate |
|---|---|---|
| 79401 | South Overton / North Overton / Downtown | $863 |
| 79402 | Downtown | $857 |
| 79403 | Parkway And Cherry Point / Chapel Hill / Skyview | $853 |
| 79404 | Southgate / Harwel / Dunbar-Manhattan Heights | $849 |
| 79406 | Texas Tech | $861 |
| 79407 | Carlisle / Coronado / West End | $820 |
| 79409 | Texas Tech | $837 |
| 79410 | Heart of Lubbock / Maxey Park | $842 |
| 79411 | Slaton-Bean / Heart of Lubbock | $862 |
| 79412 | Ballenger / Bayless Atkins | $840 |
| 79413 | Wheelock And Monterey / Clapp Park / Caprock | $820 |
| 79414 | Stubbs-Stewart / Wester | $832 |
| 79415 | Jackson-Mahon / Arnett Benson | $842 |
| 79416 | Northridge / North by Northwest | $822 |
| 79423 | University Pines / Waters / Kings Park | $816 |
| 79424 | Preston Smith / Remington Park | $786 |
| 79430 | Texas Tech | $788 |
Auto insurance in Lubbock: Minimum coverage requirement
Every driver in Texas is expected to meet the minimum liability requirements listed below.
| Coverage | Limits |
|---|---|
| Bodily injury (BI) liability insurance | $30,000 per person/$60,000 per accident |
| Property damage (PD) liability insurance | $25,000 per accident |
Although the minimum amount of coverage might also be the cheapest option, it is not necessarily the most cost-effective option. In the event you are at fault in an expensive car accident, your insurance will cover liability up to the amount on your policy. Any costs not covered by your insurance will need to be paid out of pocket.
You may also want to consider buying comprehensive and collision insurance and uninsured/underinsured motorist coverage:
- Comprehensive and collision insurance: Comprehensive insurance covers damages not caused by your car driving into another object. Collision insurance covers events in which your car crashes into another vehicle or object.
- Uninsured and underinsured motorist insurance: Uninsured motorist insurance covers cases when an at-fault driver does not have insurance. Underinsured motorist insurance is when the at-fault driver’s insurance is insufficient in covering damage or medical expenses resulting from an accident.
To protect yourself financially, take these costs into consideration when determining the amount of coverage you need.
Methodology
Our analysis used auto insurance data taken from nine insurance companies in Lubbock, Texas. The sample driver was a 30-year-old male who drove a 2015 Honda Civic EX. Additionally, the driver had a below-average credit record and obtained a minimum coverage policy in alignment with Texas state law.
In cases where we analyzed a full coverage policy, there were the following limits:
| Coverage type | Study limit |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Property damage liability | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.
Alison is an SEO & Content intern at ValuePenguin, covering auto insurance. She graduated from Stony Brook University with a B.S. in Applied Mathematics and is currently pursuing an MBA in Marketing.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.