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If you’re looking for cheap car insurance in Lubbock, Texas, you’re going to want to shop around and compare quotes to find the best deal for your budget. It’s also helpful to understand the various factors that an insurer takes into consideration when pricing their car insurance policies. Each insurance company weighs details such as your driving record and credit score differently.
Minimum Auto Insurance Requirements in Texas
All motor vehicles that are driven or parked on Texas roads must be insured. You need to keep your certificate of insurance in your vehicle at all times and be present when:
- law enforcement has made a request
- you are conducting vehicle registration renewal
- you’re involved in a collision
Liability Insurance Regulations in Texas
If a driver’s car is involved in a collision that causes bodily injury to another person, a bodily injury liability policy covers them. The minimal limitations stipulated by Texas state legislation are $30,000 for a single victim’s death or injury in a car accident and $60,000 for multiple victims’ deaths or injuries. Insurance companies refer to this as 30/60 coverage, referencing the dollar limits of each minimum.
Texas laws set a minimum of $25,000 in property damage liability insurance. This plan covers repairs to another person’s property if an insured motorist is responsible and charged in a car accident. If an insured motorist is in a lawsuit after an accident, property damage insurance will also cover legal fees. Liability coverage can assist motorists with costs associated with a legal process arising from a road mishap or collision.
Minimum Coverage for Car Insurance in Lubbock
The most cost-effective automobile insurance policies are those that merely cover the state’s minimum liability requirements. The cheapest minimal coverage options in Lubbock on average go for between $357 to $415 per year, depending on the insurance company you contract. Retirees and active members of the military and their families can get vehicle insurance for a much lower figure. It’s essential to look out for these special offers if you belong to either of these groups.
Minimum coverage policies save money, but you risk not getting fully covered if you don’t have collision and comprehensive coverage. In Texas, the law requires drivers to carry 30/60/25 liability insurance. While your monthly rates may still be lower compared to those for comprehensive insurance policies, your financial loss in case of an accident may be substantially greater. In an accident when you are at fault, for instance, if the other driver’s medical bills total $60,000, your minimal coverage can only pay up to $30,000. You would be required to pay the additional $30,000 in medical bills out of pocket.
Car Insurance in Lubbock with Driving Violations
Accidents where you are at fault, DUIs, and speeding charges can all significantly raise the cost of your auto insurance. Different insurance providers have their unique way of calculating premiums for drivers with violations. Again, shopping around remains a great strategy for getting around the high cost of auto insurance. Nevertheless, you may lower your charges by enhancing your driving record if you still have traffic tickets on your record. Also, you can overlook filing small claims, which may end up blotting your record. If the damage is bearable, you can opt to pay for damages out of pocket.
Car Insurance in Lubbock by Gender and Marital Status
In some circumstances, marital status and gender can influence insurance premiums. Single drivers incur more in premiums than married drivers in most parts of the United States, as research shows that single people are more likely to submit claims.
In Lubbock, married drivers pay $107 less for car insurance than single drivers. Rates for widowed people are likewise significantly lower than for single people. Curiously, widowed motorists in Lubbock pay a little lower than single drivers. Another variable that can affect auto insurance prices is gender. Male drivers in Lubbock pay $25 extra per year for auto insurance than female drivers.
Car Insurance for Drivers with Bad Credit Score
Lubbock’s motorists with a bad credit score can expect to dig deeper into their pockets for their car insurance. The good news is that some carriers have a novel approach where, regardless of whether you have a good, average, or poor credit, you pay the same cost per year. Typically, if you have a poor credit score, most insurers will raise your rates since they see it as a sign of increased risk.
Is Auto Insurance Mandatory in Texas?
Yes, minimum liability insurance coverage includes bodily injury liability of $30,000 per person ($60,000 per accident), property damage liability of $25,000, and liability coverage. Personal injury protection (PIP) insurance is available, although it is not required.
How Location Impacts Your Premiums in Lubbock
Car insurance costs vary depending on where you live in Lubbock. Aside from your driving record and credit score, one of the most important elements in determining your auto insurance premiums is where you live. By the ZIP code, there are differences in crime, weather patterns, and vehicular traffic.
If you live in an area with a high crime rate, vehicle insurance companies may view you as a high-risk client and charge you more. Similarly, if you spend many hours on the road, you can expect higher premiums, since your chances of getting involved in an incident are higher than someone with a shorter commute.
Average Cost of Car Insurance in Lubbock, Texas?
The average cost of auto insurance in Lubbock is $1,096 per year. That’s less than the state and federal averages for annual insurance premiums. When compared to the state average, the city average cost is 16.7% less expensive. Motorists in Lubbock typically pay 23% less for auto insurance than the national average.
When calculating your auto insurance premiums, insurance companies consider a variety of criteria, like your age, driving history, vehicle type, and even marital status. Different states have varied minimum liability coverage rules and restrictions, although where you live within your state can also affect your driver overall risk. With some bit of effort, you can get cheap car insurance in Lubbock, Texas to fit your budget.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.