Updated: November 21, 2024
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Protective is the best life insurance company in Lubbock, Texas, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $44 and $28, respectively. These figures are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider your age, health and financial situation. While Protective has the highest scores in our analysis, your unique needs may mean a different company is best for you.
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Lubbock, Texas.
We updated life insurance providers' coverage costs and company information in October 2024.
BestLife InsuranceLubbock, TXBest Life Insurance Companies in Lubbock
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Protective offers the best life insurance in Lubbock, with MoneyGeek scores of 91 for men and 92 for women. The average monthly premiums are $44 and $28, respectively.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek scores and affordable premiums make it an excellent choice for life insurance.
Protective is Lubbock's top life insurance provider, with MoneyGeek scores of 91 for men and 92 for women and monthly premiums of $44 and $28, respectively.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
Mutual of Omaha is the best term life insurance provider for men in Lubbock, with a MoneyGeek score of 91 and an average monthly premium of $21. For women, Protective leads with a score of 92 at $15 monthly. These companies offer reliable coverage options that balance cost, customer satisfaction and financial stability.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance is a simple, cost-effective solution for those who want to ensure their beneficiaries are financially secure for a specific period. For instance, a parent might choose term life insurance to cover the years until their children are financially independent.
Mutual of Omaha is the top term life insurance provider for men in Lubbock, with a MoneyGeek score of 91 and a monthly premium of $21. It offers a balance of cost and quality service.
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Protective is the top choice for women seeking term life insurance in Lubbock, achieving a MoneyGeek score of 92. With a monthly premium of around $15, it combines affordability with exceptional customer service and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective is the best whole life insurance provider in Lubbock, with a MoneyGeek score of 92 for men and women. This score reflects the company's commitment to affordability, customer satisfaction and financial stability.
Whole life insurance offers a guaranteed death benefit, fixed premiums and a savings component that accumulates cash value over time. Some might choose it to financially protect their family while building cash value that can be borrowed against in the future.
Protective is Lubbock's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's commitment to excellence and value.
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Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective has Lubbock's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability.
Universal life insurance offers flexibility in premiums and death benefits, making it a preferred option for those who value adaptability in their financial planning. Some may choose it over term life insurance to build cash value that can be borrowed against in the future.
Protective is Lubbock's leading universal life insurance provider, with a MoneyGeek score of 91 for men and women. This score reflects its commitment to providing quality service and financial security.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
In Lubbock, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a combination of affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam provides coverage without a health checkup, benefiting those who need quick coverage or have health issues that could complicate the insurance process. Someone with a chronic illness might opt for this insurance type to avoid the risk of higher premiums or denial of coverage.
Protective is the top choice for life insurance without the hassle of a medical examination in Lubbock. Its MoneyGeek score of 91 for men and women demonstrates a strong balance of affordability, customer satisfaction and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
For older men seeking the best term life insurance for seniors in Lubbock, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $86. Protective is the top choice for women, scoring 92 and charging $66 monthly.
Premiums rise as people reach their senior years because of increased health risks. These companies stand out for their balance of affordability, customer satisfaction and financial stability, which is essential for seniors who prioritize financial security and value.
| 1 | Mutual of Omaha | $86 | 91 |
| 2 | Nationwide | $71 | 91 |
| 3 | Protective | $93 | 90 |
| 4 | Prudential | $86 | 86 |
| 5 | Transamerica | $98 | 86 |
| 6 | Allstate | $116 | 86 |
| 7 | AAA | $135 | 85 |
| 8 | State Farm | $129 | 85 |
| 9 | Haven | $157 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
For men seeking the best term life insurance for smokers in Lubbock, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $47. Women will find Allstate as the top option, scoring 89 with a monthly premium of $29.
Smoking raises life insurance costs due to added health risks, which insurers factor into premiums. Mutual of Omaha and Allstate's high scores reflect their balance of affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $47 | 91 |
| 2 | Nationwide | $44 | 90 |
| 3 | Allstate | $43 | 88 |
| 4 | Transamerica | $43 | 88 |
| 5 | Protective | $66 | 88 |
| 6 | Prudential | $40 | 88 |
| 7 | State Farm | $62 | 85 |
| 8 | AAA | $77 | 85 |
| 9 | Haven | $77 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
Protective offers the best term life insurance for young adults in Lubbock, with a MoneyGeek score of 92 and average monthly premiums of $13 for men and $9 for women.
Age significantly influences life insurance premiums, with younger adults typically benefiting from lower costs. Protective's high affordability, customer satisfaction and financial stability scores contribute to its top score.
| 1 | Protective | $13 | 92 |
| 2 | Mutual of Omaha | $13 | 91 |
| 3 | Nationwide | $13 | 91 |
| 4 | Transamerica | $15 | 87 |
| 5 | AAA | $21 | 85 |
| 6 | Prudential | $17 | 85 |
| 7 | State Farm | $22 | 85 |
| 8 | Allstate | $22 | 85 |
| 9 | Haven | $17 | 84 |
| 10 | Bestow | $23 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
For the best cheap term life insurance in Lubbock, Nationwide leads for men with a MoneyGeek score of 93 and an average monthly premium of $19. Protective is the top option for women, with a MoneyGeek score of 92 at $15 monthly.
Factors affecting premiums include age, health and coverage amount. To get the lowest rates, maintain a healthy lifestyle, choose a suitable coverage amount and compare different providers.
| 1 | Nationwide | $19 | 93 |
| 2 | Mutual of Omaha | $21 | 91 |
| 3 | Protective | $22 | 91 |
| 4 | Transamerica | $23 | 88 |
| 5 | Prudential | $26 | 86 |
| 6 | AAA | $33 | 84 |
| 7 | Allstate | $33 | 84 |
| 8 | State Farm | $34 | 82 |
| 9 | Haven | $30 | 82 |
The average monthly costs of term life insurance in Lubbock are $39 for men and $29 for women. Several factors affect costs, including age, health, lifestyle and coverage amount. Insurers assess them to determine the risk of insuring a person.
Life insurance costs in Lubbock might differ from the rest of Texas due to local health statistics, economic conditions and competition among insurers. Understanding these factors can help you make informed decisions when purchasing life insurance.
Protective has the best life insurance for men in Lubbock, with a MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in Lubbock is $44. This cost is based on a 20-year term and a coverage amount between $250,000 and $500,000.
Protective offers the best life insurance for women in Lubbock, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Lubbock is $28. This rate applies to a 20-year term policy covering between $250,000 and $500,000.
Life insurance in Lubbock may differ from the rest of Texas in terms of premiums and coverage options. For example, Protective offers competitive rates in Lubbock, with a monthly premium of $44 for men and $28 for women. These rates can vary across different cities in Texas.
If a life insurance company in Lubbock goes bankrupt, state guaranty associations ensure that claims are paid up to a certain limit, providing a safety net for policyholders.
Lubbock residents might need life insurance to provide financial security for their families, cover outstanding debts and ensure that their loved ones aren't burdened with expenses. It can also help with estate planning and securing future needs.
To find a lost life insurance policy in Lubbock, check personal records and contact the deceased's financial advisors. You can also contact the Texas Department of Insurance for help locating the policy.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
