Who Has The Cheapest Auto Insurance in Lubbock, Texas?
Who Has The Cheapest Auto Insurance in Lubbock, Texas?
Find Cheap Auto Insurance Quotes in Lubbock, TX
Fred Loya had the cheapest minimum coverage policies based on our analysis of the top car insurance companies in Lubbock, with an average cost of $505 per year. The company also offered the best rates for full coverage, charging $905 per year.
Overall, rates in Lubbock are cheaper than the Texas state average. The nine insurers in our study charged Lubbock $810 annually for minimum coverage — $116 less than the statewide annual average of $926.
Always get quotes from multiple insurers. MetLife, the most expensive insurer, charged our Lubbock driver $3,790 more than Fred Loya for the same coverage.
Cheapest auto insurance in Lubbock: Fred Loya
Fred Loya had the best rates for minimum coverage. Lubbock drivers would pay just $42 per month for a Fredy Loya policy that meets the Texas minimum requirements for auto insurance.
State Farm came in a close second, however, charging just $46 a month. We recommend getting quotes from both companies before you purchase a policy.
Compare Car Insurance Rates in Lubbock, Texas
Auto insurance for less than $50 a month might sound like a great deal, but bear in mind that the coverage it provides is extremely limited. Minimum coverage doesn't protect your own car at all, so if you collide with another driver or have your car stolen, you're fully responsible for its repairs or replacement.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $505 |
| 2 | State Farm | $553 |
| 3 | Chubb | $839 |
| 4 | Dairyland | $847 |
| 5 | Nationwide | $875 |
| 6 | Geico | $916 |
| 7 | MetLife | $1,008 |
| 8 | Allstate | $1,336 |
| N/A | USAA | $416 |
*USAA is only available to current and former military members and their families.
Fred Loya is also the cheapest insurer for low-income drivers.
Cheapest full coverage car insurance in Lubbock: Fred Loya
Fred Loya also had the best deal for full coverage insurance. In most cases, USAA has the most affordable coverage, but Fred Loya stands out because it is a widely available insurer offering significantly lower rates than USAA. Full coverage is just $905 per year. The average cost of full coverage in Lubbock is $2,612 annually, so Lubbock drivers save more than $1,700 every year with Fred Loya.
While Fred Loya has the best rates, we'd recommend contacting State Farm and Geico for quotes, as well. Both companies have a better customer service reputation than Loya, whose cheap prices camouflage a subpar customer experience.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $905 |
| 2 | State Farm | $1,238 |
| 3 | Geico | $2,124 |
| 4 | Nationwide | $2,347 |
| 5 | Chubb | $2,510 |
| 6 | Dairyland | $3,645 |
| 7 | Allstate | $4,643 |
| 8 | MetLife | $4,695 |
| N/A | USAA | $1,400 |
*USAA is only available to current and former military members and their families.
ValuePenguin recommends full coverage to most drivers, but especially to drivers who have a new or expensive car. Full coverage includes collision and comprehensive coverage.
- Comprehensive coverage: Protects your car from damage that doesn't result from a collision, such as a wild animal, storm damage or theft.
- Collision coverage: Pays for repairs to your car after a collision, no matter who is responsible for the accident.
Cheap car insurance for drivers with prior incidents
Drivers with incidents on their record — such as an at-fault accident, a speeding ticket or a DUI — receive higher rates from insurers. Drivers with a poor credit score are also quoted higher rates, though your credit score has no impact on your ability to drive safely.
We looked at thousands of quotes in Lubbock and found the best rates for drivers with these incidents on their records:
Cheapest car insurance in Lubbock after an accident: Fred Loya
Fred Loya and State Farm not only offer the best rates for Lubbock drivers with an at-fault accident on their record, but they also raise rates the least after an at-fault accident. Fred Loya raised rates by $218, from $905 to $1,123. State Farm raised rates by $223, from $1,238 to $1,461.
Overall, average rates for Lubbock residents went up by $1,480 after an at-fault accident. Insurers view an at-fault accident as a sign of future risk and raise your rates to account for that risk.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $1,123 |
| 2 | State Farm | $1,461 |
| 3 | Geico | $3,271 |
| 4 | Nationwide | $3,638 |
| 5 | Chubb | $4,276 |
| 6 | Dairyland | $4,768 |
| 7 | Allstate | $7,213 |
| 8 | MetLife | $9,001 |
| N/A | USAA | $2,075 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for people with a speeding ticket: Fred Loya
Lubbock drivers with a speeding ticket pay $193 more per year on average than drivers with a clean record. Fred Loya and State Farm again provided the best value to drivers who have a speeding ticket. Neither company raised rates, and both charged significantly less than the city average; rates were 68% and 56% less, respectively.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $905 |
| 2 | State Farm | $1,238 |
| 3 | Chubb | $2,510 |
| 4 | Geico | $2,554 |
| 5 | Nationwide | $2,832 |
| 6 | Dairyland | $4,286 |
| 7 | Allstate | $4,643 |
| 8 | MetLife | $4,695 |
| N/A | USAA | $1,582 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with a DUI: Fred Loya
Fred Loya had the best rates drivers with a DUI on their record, charging 66% less than the city average.
Driving under the influence (DUI) in Lubbock increases average rates from $2,612 to $4,430. That's the biggest increase of all the incidents in our study, indicating just how seriously insurers take a DUI.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $1,514 |
| 2 | State Farm | $1,901 |
| 3 | Dairyland | $3,661 |
| 4 | Geico | $3,685 |
| 5 | Nationwide | $4,649 |
| 6 | Chubb | $5,424 |
| 7 | Allstate | $7,129 |
| 8 | MetLife | $9,812 |
| N/A | USAA | $2,094 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with poor credit: Fred Loya
Fred Loya had the most affordable full coverage for Lubbock drivers with poor credit. In fact, the company charged our sample driver the same rate — $905 annually — no matter whether they had very good, average or poor credit.
However, this is an unusual approach. Most insurers raise rates if you have a low credit score, as they view this as a sign of increased risk. The average cost of full coverage in Lubbock is:
- $1,673 for drivers with very good credit
- $2,165 for drivers with average credit
- $3,262 for drivers with poor credit
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $905 |
| 2 | State Farm | $1,920 |
| 3 | Nationwide | $2,658 |
| 4 | Geico | $3,015 |
| 5 | Chubb | $3,271 |
| 6 | Dairyland | $4,158 |
| 7 | Allstate | $4,257 |
| 8 | MetLife | $7,011 |
| N/A | USAA | $2,161 |
*USAA is only available to current and former military members and their families.
We also found that Fred Loya has the cheapest rates for low income car insurance in Texas.
Cheapest car insurance for married drivers: Fred Loya
Fred Loya had the best rates for married drivers in Lubbock. Annual premiums averaged at $741, which is 69% cheaper than the city average. Married drivers in Lubbock pay $2,381 per year on average — $231 less than single drivers.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $741 |
| 2 | State Farm | $1,238 |
| 3 | Nationwide | $2,167 |
| 4 | Geico | $2,208 |
| 5 | Chubb | $2,510 |
| 6 | Dairyland | $3,394 |
| 7 | MetLife | $3,879 |
| 8 | Allstate | $4,092 |
| N/A | USAA | $1,199 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers: Fred Loya
Fred Loya had the best rates for the sample 18-year-old driver in our study. While $3,068 per year for auto insurance might not sound especially affordable, it's far less expensive than the city average of $6,740 per year.
Rank | Company | Annual rate |
|---|---|---|
| 1 | Fred Loya | $3,068 |
| 2 | State Farm | $3,797 |
| 3 | Geico | $4,424 |
| 4 | Chubb | $6,325 |
| 5 | Dairyland | $8,064 |
| 6 | Allstate | $8,549 |
| 7 | Nationwide | $8,688 |
| 8 | MetLife | $15,290 |
| N/A | USAA | $2,456 |
*USAA is only available to current and former military members and their families.
Average rates for our 18-year-old sample driver in Lubbock were 158% higher than average rates for our sample 30-year-old Lubbock driver.
Given these sky-high rates, we urge young drivers to stay on their parents' insurance if they can. Alternatively, they can get their rates down with a good student discount or a telematics program.
Average car insurance cost in Lubbock, by neighborhood
Insurance rates vary not just by city but by ZIP code, as well. If you live in an area where accident or crime rates are higher, you'll pay more than someone who lives in a ZIP code where accidents are few and crime is infrequent.
Our analysis identified 79411 as the most expensive ZIP code in Lubbock for auto insurance, while the least expensive was 79424.
ZIP code | Average full coverage cost | Average minimum coverage cost |
|---|---|---|
| 79401 | $2,689 | $836 |
| 79402 | $2,674 | $830 |
| 79403 | $2,674 | $826 |
| 79404 | $2,644 | $823 |
| 79406 | $2,670 | $834 |
| 79407 | $2,538 | $797 |
| 79409 | $2,624 | $811 |
| 79410 | $2,607 | $816 |
| 79411 | $2,696 | $835 |
| 79412 | $2,620 | $814 |
| 79413 | $2,562 | $794 |
| 79414 | $2,559 | $807 |
Auto theft statistics in Lubbock
Around five cars are stolen for every 1,000 Lubbock residents. The city has the fourth-highest rate of crime theft in Texas, according to ValuePenguin's analysis of 2019 crime data.
Rank | City | Population | Car thefts | Thefts per 1,000 |
|---|---|---|---|---|
| 1 | Dallas | 1,363,295 | 10,257 | 7.5 |
| 2 | Houston | 2,355,606 | 13,098 | 5.6 |
| 3 | San Antonio | 1,559,166 | 7,781 | 5.0 |
| 4 | Lubbock | 259,208 | 1,225 | 4.7 |
| 5 | Fort Worth | 915,237 | 3,335 | 3.6 |
| 6 | Arlington | 402,304 | 1,248 | 3.1 |
| 7 | Austin | 986,062 | 3,028 | 3.1 |
| 8 | Corpus Christi | 329,320 | 892 | 2.7 |
| 9 | Plano | 291,611 | 447 | 1.5 |
| 10 | El Paso | 686,793 | 851 | 1.2 |
| 11 | Laredo | 264,916 | 258 | 1.0 |
Motor vehicle theft data was pulled from the FBI 2018 Texas Crime Report.
Methodology
VauePenguin gathered auto insurance quotes from nine of the largest insurers in Texas. Unless otherwise noted, our sample driver was a 30-year-old man who drove a 2015 Honda Civic EX and has average credit.
The following limitations were used for the driver's full coverage policy:
Coverage type | Study limits |
|---|---|
| Bodily liability | $50,000 per person/$100,000 per accident |
| Personal injury protection | $10,000 |
| Property damage | $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 are intended solely for comparative purposes. Your own quotes could differ, depending on your driving history, credit score and other factors unique to you.
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.