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Cheap Car Insurance in Laredo, TX

Does your wallet need cheap auto insurance in Laredo, TX? Driving around in Texas is already annoying enough – but if you’re paying too much for your car insurance covered, that just makes everything that much worse. But at AutoInsuranceEZ.com, we can help you find an affordable rate.

Laredo, Texas is one of the most International cities in the entire country. It has seven official flags, four international Bridges, and is home to Texas A&M International University. Despite all of this, statistical information about the city ranks it as one of the least diverse municipalities in the United States. 95.6% of Laredo is made up of people of Latino or Hispanic descent.

  • Fun fact: Hola, amigo: when it comes to the top 100 least racially diverse cities, Laredo’s Hispanic population puts it at #5 on that list! If you speak Spanish and you live in Laredo, odds are good that you see friendly faces everywhere you go.

Auto Insurance Coverage Requirements in Texas

Driving legally in Laredo requires:

Coverage Requirements Most Common
Bodily Injury Liability 30,000/60,000 30,000/60,000
Property Damage Liability 25,000 25,000
Uninsured Motorist Bodily Injury Not required 25,000/50,000
Medical Payments Not required 2,500
Collision Not required 500 deductible
Comprehensive Not required 500 deductible

Many drivers automatically think that liability coverage is the best way to save money on their car insurance. But this isn’t always the case – especially if you drive a newer vehicle or if you live in an area where accidents are common. Depending on your personal circumstances, your auto insurance agent can warn you about the pitfalls associated with liability only auto insurance coverage.

Current statistics show that the average Laredo driver is paying around $194 monthly for their car insurance premiums. This is simply too high! believe it or not, there are auto insurance providers who can reduce that expense by at least 32% or more. All you have to do is shop around for different quotes.

Average Monthly Auto Insurance Premiums Legend: Laredo Elephant Safe Auto State Farm Allstate Dairyland 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 $157 $71 $69 $79 $57

 
Keep in mind, though, not just because you’re getting a low quote for your coverage doesn’t mean you’re getting the best coverage. You’re going to want to find a company that you can trust. After all, if your provider won’t be there to pay out claims and support you when you need them, what good is having coverage from them in the first place?

Do you know how many different variables an insurance company will take into consideration before they give Texas residents a quote for a new policy? Auto theft statistics, gender, and certain types of employment can all make or break your car insurance budget. This is why it’s important to shop around.

Major Car Insurance Factors in Laredo

Because there are so many different variables which can affect your monthly premium, it can be hard to know which ones you can control and which ones you don’t. Whether it’s something difficult to change – such as where you live – or something easy, such as what type of car you drive, there is some wiggle room for you to make changes which can affect your rate.

Your Zip Code

Did you know that one of the most important pieces of information you can tell your insurance agent is your ZIP code? Companies use this information to calculate things like accident statistics in order to predict your likelihood of getting into an accident. The more likely you are, the more you can expect to pay. The population of Laredo was 257,988 as of the last census and the average household income $36,195.

Auto Insurance by Zip Code Legend: Laredo Dallas Fort Worth Elephant Safe Auto State Farm 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 $157 $80 $49 $71 $97 $85 $69 $110 $90

Automotive Accidents

Recent statistics show that there are fewer than 10 fatal accidents in Laredo on an annual basis. Because this number is so low, you might be able to get a more affordable rate if you mention it to your insurance agent. The fewer the number of accidents there are in your area, the more likely you are to be charged less money.

Fatal Accidents in Laredo, TX Legend: Laredo Fatal Accidents Vehicles Involved in Fatal Accidents Fatal Crashes Involving Drunk Persons Fatalities Persons Involved in Fatal Crashes Pedestrians Involved in Fatal Crashes 2 4 6 8 10 12 14 16 18 20 22 24 $9 $14 $1 $10 $24 $3

Auto Thefts in Laredo

Insurance companies are risk-averse when it comes to auto theft. This means that if there is a high likelihood of people stealing parts of your car – or the whole automobile – the less likely you are to get an affordable premium. There were 229 auto thefts in Laredo last year, which is a bit high considering the population density.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Elephant Safe Auto State Farm 15 30 45 60 75 90 105 120 135 150 165 $94 $157 $71 $138 $69 $176

Your Credit Score

Another major factor that will affect your premium is your credit score. For the most part, however, this does not evaluate all of your debts. But if you have a poor record of paying premiums for your other insurance products on time and in full on their due date, you may be risking the poor credit rating and a higher monthly premium.

Auto Insurance by Credit Score Legend: Good Credit Poor Credit Elephant Safe Auto State Farm 15 30 45 60 75 90 105 120 135 150 165 $157 $169 $71 $132 $69 $153

Your Age

Youth may be wasted on the young, but insurance companies like to reward drivers with many years of experience behind the wheel. As long as you are old enough to drive competently, you can expect to pay a much lower premium than someone who is still in high school or college.

Auto Policy Age Comparison Legend: 17 Year Old Driver 35 Year Old Driver Elephant Safe Auto State Farm 25 50 75 100 125 150 175 200 225 250 275 300 325 $340 $157 $122 $71 Does Not Sell $69

Your Driving Record

Your driving record is very important to your insurance company. ‘Why?’ you ask. Because the more accidents you’ve had in your past – and the more recent those accidents are – the more you are likely to pay for your monthly premium. Granted, accidents in which you are mostly or completely found to be not at fault probably won’t cost you as much as an accident that was your fault.

Driving Record Legend: Perfect Record Minor Violation Major Violation Elephant Safe Auto State Farm 20 40 60 80 100 120 140 160 180 200 220 240 260 $157 $269 $269 $71 $95 $105 $69 $146 $224

Your Vehicle

The type of vehicle you drive is also extremely important when it comes to pricing your policy. Newer vehicles, expensive vehicles, and vehicles that are still under lease will require much more coverage than an older vehicle with fewer bells and whistles.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2015 Chevy Corvette Elephant Safe Auto State Farm 25 50 75 100 125 150 175 200 225 250 275 300 $157 $224 $71 $283 $69 $302

Minor Car Insurance Factors in Laredo

Of course, tweaking some of the factors below can add up to some extra savings over time:

Your Marital Status

If you are recently married or you’re planning to get married in the near future, make sure you contact your insurance company. Most people get discounts simply for being married in the first place. You can get even better discounts if you and your spouse but each other on the same auto insurance policy.

Your Gender

Most people can’t do very much about their gender, but some insurance companies still use that bit of information in order to calculate your premiums. It’s said that men usually spend more time on the road and that they have a tendency to be more aggressive drivers. Either of these factors are more likely to lead to an accident.

Your Driving Distance to Work

Living in Laredo means that you will spend around 20 minutes a day commuting to work. Many drivers may spend less; but you are still within the average even if your commute time is up to 34 minutes each way. 82% Of motorists will drive in their own vehicle, while just over 10% will carpool with coworkers.

You’ve probably heard of auto insurance companies which offer discounts for driving fewer miles on average. Some may even offer to mail you a plug-in device to track your mileage. While certain companies offer discounts as high as 30%, keep in mind that your mileage may vary and that you will severely have to restrict your mileage in order to get those types of savings.

Your Coverage and Deductibles

Some people manipulate their deductible amounts in order to get a lower rate on their monthly premiums. This can be a worthwhile risk if you are a careful driver with a clean record and you live in a safe city with relatively few accidents. Unfortunately, accidents may still happen; and if you have a high-deductible, you may be cut short when it comes to paying that deductible in order to get your car fixed or replaced.

Education in Laredo, TX

Unfortunately, education is not a strong suit in Laredo. More than 30% of their residents have less than a high school education, which is almost twice as much as the state average. Less than 29% managed to get a high school diploma or an equivalent. Around 1 in 10 residents in Laredo are the proud owner of a bachelor’s degree.

But just because most people don’t have a higher education in Laredo doesn’t mean that you can’t get one if you want one. The international branch Texas A&M University is located in Laredo and offers bachelors and doctorate degrees. You can also try Kaplan College-Laredo or Laredo Community College for lesser degrees. Aspiring beauticians may also want to look up information on the Laredo Beauty College.

We understand how confusing auto insurance can be. But that doesn’t mean you should settle for the first company that comes along and convinces you that they can give you the lowest rate. Comparing quotes is the best way to go if you’re looking for value and quality coverage in the same policy. Our website can help you find the best insurance companies near you – and all you need is your zip code in order to find them.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Texas Department of Insurance

Finance Commission of Texas

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

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