Auto Insurance in Laredo, TX
Auto insurance coverage in Laredo, Texas will vary based on a few demographic factors, including your age, driving record, vehicle types, desired coverage limits, and the insurance provider you choose.
We can help you compare car insurance quotes from top insurance providers fast for Laredo drivers looking for affordable policy rates in Texas. To find cheap car insurance in Laredo, follow the steps listed in our guide and discover what the average costs will be.
How Much Does Car Insurance Cost in Laredo?
Laredo is a city on the north bank of the Rio Grande in South Texas, across from Nuevo Laredo under Webb county.
Drivers in Laredo, TX on average will pay around $1,388 yearly for state minimum coverage or $115 a month. If you are looking for a full coverage auto policy you can expect to pay around $2,200 per year or $183 a month.
Here is a the average state minimum coverage costs monthly by vehicle types for Laredo:
| County: | Car | SUV: | Sports: | Truck: | Hybrid: |
|---|---|---|---|---|---|
| Webb | $1,423 | $1,219 | $1,334 | $1,444 | $1,518 |
| Monthly Costs: | $118.58 | $101.58 | $111.17 | $120.33 | $126.50 |
Cheapest Laredo Auto Insurance Providers
The cheapest car insurance providers in Laredo is USAA, Texas Farm Bureau, AAA and Progressive for the average middle-aged single person who drives a used 4 door car with a clean driving record.
Here is a breakdown from our cost database for yearly state minimum coverage and full coverage by insurance provider for a used vehicle:
| Insurance Provider: | State Minimum: | Full Coverage: |
|---|---|---|
| USAA | $568 | $1,910 |
| Texas Farm Bureau | $638 | $2,025 |
| AAA | $763 | $2,284 |
| Progressive | $782 | $2,472 |
| GEICO | $908 | $2,424 |
| State Farm | $942 | $2,610 |
| All State | $1,292 | $2,750 |
Newer Vehicle Insurance Rates
The average cost for auto insurance for a new 2022 – 2023 four door vehicle on average will cost $738 for state minimum coverage and $2,656 for a full coverage policy. Below you’ll find a breakdown insurance providers for both coverage types on a new vehicle:
| Insurance Provider: | State Minimum: | Full Coverage: |
|---|---|---|
| USAA: | $530 | $2,280 |
| GEICO: | $838 | $2,588 |
| AAA: | $763 | $2,672 |
| Progressive: | $720 | $2,766 |
| State Farm: | $838 | $2,974 |
Car Insurance Costs by Age in TX
Age is a significant factor that affects TX auto insurance rates. Generally, younger and older drivers tend to pay higher premiums compared to drivers in the middle age group. Here’s how age can influence car insurance costs:
- Young drivers (under 25): Statistically, young and inexperienced drivers are more likely to be involved in accidents. They are also prone to riskier driving behaviors, such as speeding or distracted driving. As a result, insurance companies consider them higher risk, and their premiums are typically more expensive.
- Middle-aged drivers (25-65): This age group is generally considered to be more experienced and responsible behind the wheel. They are statistically involved in fewer accidents and tend to have lower insurance premiums compared to younger and older drivers.
- Senior drivers (65 and older): As drivers get older, their risk profile may change due to factors such as declining vision, slower reflexes, and potential health issues. Insurance companies may increase premiums for older drivers to reflect these factors and the increased likelihood of accidents.
Here is a comparison of the amounts you can expect to pay based on age in Texas – as you can see young drivers will pay much more on premiums until there is a significant drop in costs at age 29. Your auto policy continues to get cheaper until age 65 when it slowly starts increasing as you age.
| Driver’s Age: | State Minimum Coverage | Full Coverage |
|---|---|---|
| 17 | $2,686 | $7,193 |
| 18 | $2,346 | $6,376 |
| 20 | $1,664 | $4,752 |
| 22 | $1,248 | $3,659 |
| 24 | $1,068 | $3,172 |
| 29 | $865 | $2,654 |
| 34 | $833 | $2,530 |
| 39 | $829 | $2,496 |
| 44 | $825 | $2,460 |
| 49 | $813 | $2,425 |
| 54 | $791 | $2,329 |
| 64 | $807 | $2,270 |
| 74 | $982 | $2,622 |
| 76 | $1,049 | $2,761 |
How to Search for Cheap Car Insurance
When looking for cheap car insurance specific to Laredo, Texas – There are some key points to consider so you know exactly what you should expect to pay and can find the best coverage options for your vehicle:
- Minimum Insurance Requirements: Texas law requires drivers to carry liability insurance to cover damages caused to others in an accident. The minimum liability coverage limits in Texas are often referred to as “30/60/25,” which means $30,000 for bodily injury per person, $60,000 for bodily injury per accident, and $25,000 for property damage per accident.
- Additional Coverage Options: While the minimum liability coverage is required, it’s often advisable to consider additional coverage options to protect yourself and your vehicle. These may include collision coverage (to cover damages to your vehicle in an accident), comprehensive coverage (to cover damages caused by incidents other than collisions, such as theft or vandalism), uninsured/underinsured motorist coverage (to protect you if you’re involved in an accident with a driver who doesn’t have sufficient insurance), and personal injury protection (to cover medical expenses for you and your passengers).
- Shop Around for Quotes: To find the best car insurance rates in Laredo, it’s important to shop around and obtain quotes from multiple insurance providers. Comparing rates and coverage options from different companies will help you find the most affordable and suitable policy for your needs. Insurance Quotes is your one stop place to do exactly that.
- Potential Discounts and Savings: Inquire about available discounts that can help you save on your car insurance premiums. Common discounts include safe driver discounts, multi-policy discounts (if you bundle your car insurance with other policies like home or renters insurance), good student discounts, and discounts for certain safety features in your vehicle.
- Good Driving Records: Maintaining a clean driving record is crucial to securing affordable car insurance rates. Avoid traffic violations and accidents to keep your premiums lower.
- Seek Advice from Local Agents: Insurance agents who specialize in the Laredo area can provide guidance and help you understand the unique insurance considerations in the region. They can offer personalized advice and assist you in finding the right coverage for your specific circumstances. InsuranceQuotes works with national and local providers.
Remember, it’s important to review your car insurance policy regularly and make adjustments as needed. Keep in mind that insurance rates can vary based on individual factors such as your age, driving history, type of vehicle, and coverage needs.
Trusted Insurance Providers in Laredo, TX
There are many trusted insurance providers that serve most of Texas and have a reputation for providing high quality auto insurance at affordable rates. Here are some well-known insurance companies that you may consider:
- State Farm: State Farm is one of the largest insurance providers in the United States and offers a wide range of coverage options, including auto insurance. They have a strong presence in Texas and are known for their reliable customer service.
- GEICO: Geico is known for its competitive rates and ease of obtaining quotes online. They have a user-friendly website and provide a variety of coverage options for Texas drivers.
- Progressive: Progressive is another major insurance company with a strong presence in Texas. They are known for their Snapshot program, which allows drivers to earn discounts based on their driving habits in Laredo
- Allstate: Allstate is a well-established insurance provider that offers a range of coverage options, including auto insurance. They have a network of local agents across Texas and provide personalized customer service.
- USAA: USAA only serves members of the military and their families, offering a variety of insurance products, including auto insurance. They are known for their exceptional customer service and competitive rates.
It’s important to note that the best insurance provider for you may depend on your individual circumstances, driving history, and coverage needs. It’s recommended to obtain quotes from multiple insurance companies and compare their rates, coverage options, and customer reviews to find the provider that suits your requirements. InsuranceQuotes helps you compare multiple national providers as well as local options to find the best price.
What is State-Minimum Coverage in Laredo?
According to the Texas Department of Insurance, you must have enough insurance to cover the following state-minimum liability limits:
- $30,000 per person
- $60,000 per accident
- $25,000 for property damage
This is known as 30/60/25 coverage in Texas. You must carry proof of insurance at all times when you drive and show it to a police officer when asked, after an accident, when you renew your license or registration, and during you car inspection. If you don’t, you can face a fine and potential license suspension. It’s important to follow all local TX driving laws to avoid costly driving violations.
