Cheapest Car Insurance Quotes In Laredo, TX For 2024

In Laredo, State Farm offers the most affordable option for car insurance, with an average rate of $22 per month.

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Updated: 29 March 2024
Written by
Bob Phillips
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When searching for the most affordable car insurance in Laredo, TX, options may vary, but State Farm stands out for its competitive rates. On average, residents can obtain car insurance for about $22 per month, significantly lower than the state’s average of $125.

For those interested in the most economical liability-only coverage, State Farm is the top choice. Additionally, for drivers seeking comprehensive protection, State Farm provides the best rates for full coverage policies, at $54 per month. Moreover, State Farm offers the cheapest rates for young drivers, priced at $99 per month.

Cheapest Car Insurance Companies In Laredo, TX

Cheapest Car Insurance, Laredo, TX

Our Methodology

Utilizing a comprehensive analysis encompassing customer service ratings, product offerings, pricing, and evaluations from various online review platforms and user experiences, I've developed an in-depth understanding of the car insurance landscape in Laredo, TX. This informed perspective has been refined over 15 years of personal involvement in the industry as a licensed insurance agent. It includes numerous interactions with representatives from various companies and insights gleaned from firsthand experience.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Laredo, TX?

State Farm provides the most affordable car insurance in Laredo, TX, with coverage available for $150 per month.

As illustrated in the table below, rates are notably lower than the average rates in both the State of Texas and the United States overall:

Area Average Monthly Rate
National $152
Texas $125
Laredo, TX $150

It’s important to note that the average national cost of car insurance incorporates both high-cost states (like New York, New Jersey, and California) and low-cost states (such as Mississippi, Kentucky, and Wyoming). Rates vary by location due to numerous factors, including vehicle type, coverage amount, zip code, driving record, and more.

Cheapest Car Insurance Rates In Laredo For Minimum Coverage

State Farm offers the most affordable car insurance for minimum coverage in Laredo, with an average monthly cost of $22.

Provider Average Monthly Cost Average Annual Cost
State Farm $22 $262
Progressive $42 $500
Mercury $43 $514
Texas Farm Bureau $48 $574
Nationwide $49 $581

The minimum car insurance policy should include, at the very least, the following coverage:

  • $30,000 for bodily injury per person
  • $60,000 for bodily injury per accident
  • $25,000 for property damage per accident

Maintaining minimum car insurance offers basic protection while driving, but it doesn’t include collision or comprehensive insurance. This means damages to your vehicle in accidents, theft, or natural disasters aren’t covered.

In Texas, driving without insurance is illegal. Failing to provide proof of insurance during a traffic stop can lead to penalties, ranging from fines to license suspension or worse.

Cheapest Car Insurance Rates In Laredo For Full Coverage

State Farm offers the most affordable car insurance rates for full coverage, with their quotes averaging $54 a month in Laredo.

Provider Average Monthly Cost Average Annual Cost
State Farm $54 $646
GEICO $95 $1,141
Mercury $80 $958
Allstate $75 $896
Texas Farm Bureau $57 $682

Full coverage car insurance extends beyond the basic legal requirements, combining comprehensive and collision coverages.

Comprehensive coverage protects against non-collision incidents such as theft, vandalism, or natural disasters, while collision coverage provides financial protection for vehicle damages resulting from accidents, regardless of fault.

Cheapest Car Insurance Rates In Laredo For Seniors

For seniors in Laredo, Texas Farm Bureau offers the most affordable car insurance rates, with average quotes around $45 per month.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $45 $538
GEICO $92 $1,095
Progressive $93 $1,107
Mercury $101 $1,213
Chubb $104 $1,249

In Texas, numerous seniors may encounter advantageous car insurance rates influenced by various beneficial factors. While age commonly influences insurance rate determinations, it’s important to note that decreased driving ability associated with older age doesn’t apply universally.

Cheapest Car Insurance Rates In Laredo For Teenagers

Teenage drivers in Laredo can secure the most affordable car insurance quotes from Nationwide, with average monthly premiums of $194.

Provider Average Monthly Cost Average Annual Cost
State Farm $201 $2,410
GEICO $319 $3,832
Nationwide $194 $2,332
Foremost $354 $4,112
Progressive $380 $4,591

Teenage drivers typically encounter the highest car insurance premiums due to their lack of experience behind the wheel. Insurance providers categorize these young motorists as high-risk because they statistically have a higher likelihood of being involved in accidents and committing traffic infractions.

Cheapest Car Insurance Rates In Laredo For Young Adults

For young adults in Laredo, State Farm provides the most affordable car insurance quotes, with rates averaging around $99 per month.

Provider Average Monthly Cost Average Annual Cost
State Farm $99 $1,187
GEICO $242 $2,917
Allstate $257 $3,020
Progressive $264 $3,119
Foremost $278 $3,214

In Texas, young adult drivers often enjoy lower car insurance rates compared to their teenage counterparts. This difference in pricing is attributed to the development of driving habits and a corresponding decrease in risk-taking behaviors as drivers age.

Statistically, young adults are less inclined to file claims with insurance companies, indicating a reduction in accident involvement. As a result, insurers lower premiums, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Laredo For Good Drivers

Good drivers in Laredo can obtain the most affordable car insurance quotes from State Farm, typically priced at around $22 per month.

Provider Average Monthly Cost Average Annual Cost
State Farm $22 $262
Progressive $42 $500
Mercury $43 $514
Texas Farm Bureau $48 $574
Nationwide $49 $581

Drivers with clean driving records in Laredo typically enjoy lower car insurance rates because they are viewed as lower risk by insurance companies. Insurers use driving records as a metric to assess how safely a person drives. A record with fewer incidents, such as accidents or traffic violations, indicates that the driver is cautious and less likely to file a claim.

Since insurers determine rates based on the probability of a driver making a claim, a spotless driving record can result in substantial savings on premiums. It’s all about risk assessment – the cleaner the record, the lower the perceived risk, and, consequently, the lower the insurance cost.

Cheapest Car Insurance Rates In Laredo For Drivers With Prior Incidents

In Laredo, drivers with records of traffic violations, including accidents, speeding tickets, or DUIs, often encounter challenges in securing affordable car insurance. These driving infractions lead insurance companies to classify them as high-risk individuals, indicating a higher likelihood of filing future insurance claims.

As a result, insurance providers increase their rates for these drivers to offset the risk of potentially higher claim payouts.

Cheapest Car Insurance Rates In Laredo For Drivers With A Speeding Ticket

Texas Farm Bureau stands out for its affordability compared to other companies, offering average rates of $55 a month.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $55 $673
Travelers $241 $2,842
Geico $100 $1,198
Allstate $73 $874
Progressive $147 $1,762

Cheapest Car Insurance Rates In Laredo For Drivers With An At-Fault Accident

Texas Farm Bureau provides the most affordable car insurance quotes for drivers with an at-fault incident, with an average rate of $90 per month.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $90 $1,078
Dairyland $259 $3,218
Foremost $265 $3,242
Progressive $190 $2,278
Allstate $110 $1,318

Cheapest Car Insurance Rates In Laredo For Drivers After A DUI

For drivers in Laredo who have had a DUI, Texas Farm Bureau offers the most budget-friendly rates, with average monthly premiums of $105.

Provider Average Monthly Cost Average Annual Cost
Texas Farm Bureau $105 $1,258
Chubb $269 $3,286
Progressive $137 $1,642
Geico $155 $1,858
Allstate $115 $1,378

Best Car Insurance Companies In Laredo

When it comes to selecting a car insurance company in Laredo, TX, finding affordable rates and reliable protection is paramount. Below are the top 10 car insurance companies in Laredo, TX, ranked by the average monthly rate they offer:

Company Monthly Premium
Jupiter Auto $83
GAINSCO $90
Texas Farm Bureau $93
Direct Auto $101
State Farm $101
Kemper $146
Mercury $152
Clearcover $165
SafeAuto $150
USAA $120

Average Car Insurance Rates By Age In Laredo

Age Average Yearly Rate
Teenagers $3,384
20s $2,100
30s $1,392
40s $1,356
50s $1,284
60s $1,188
70s $1,404

Age plays a significant role in determining car insurance rates. Typically, younger drivers, especially teenagers and young adults, encounter higher insurance premiums due to their inexperience and statistically higher likelihood of accidents and traffic violations. However, as drivers reach the age of 25, their rates usually begin to decline, assuming they maintain a clean driving record.

The most favorable insurance rates are often available for drivers in their 50s and early 60s. Insurance companies utilize age as a metric to assess driving experience and risk potential, adjusting premium costs accordingly.

Average Car Insurance Rates By Vehicle Type In Laredo

Vehicle Average Monthly Rate
Chevrolet Silverado $197
Chevrolet Blazer $183
Ford F150 $150
Kia Sportage $177
Nissan Rogue $181

The type of vehicle you drive significantly impacts your car insurance costs. Insurance companies consider factors such as the make, model, year, and body type of the car. Generally, newer vehicles, particularly luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.

Conversely, older cars or those less expensive to repair or replace may attract lower premiums. Insurers take these aspects into account because they directly affect the potential cost of claims – for example, repairs for a high-end car are typically more expensive than for a standard vehicle. Additionally, certain car models known for safety may qualify for lower insurance rates due to a reduced risk of accidents and injuries.

How Much Is Car Insurance For Other Cities In Texas?

City Average Monthly Rate
Midland $118
Sherman $108
Beaumont $127
Arlington $130
Alpine $118
El Paso $122
Fort Worth $123
Baytown $140
Irving $135
Lubbock $116

The city in which you live has a significant impact on your car insurance rates. Insurance companies evaluate various factors related to your location, including the likelihood of accidents, vehicle theft, and vandalism rates, which are typically higher in urban areas. This heightened risk often results in higher premiums.

FAQs

Who has the lowest car insurance rates in Laredo?

Texas Farm Bureau provides the lowest car insurance rates in Laredo for both the minimum coverage required by the State of Texas and for full coverage, which includes comprehensive and collision coverage.

What is the average cost of car insurance in Laredo?

On average, car insurance in Laredo amounts to approximately $150 per month. However, rates may vary depending on factors such as your zip code, the year and model of your car, your driving record, and other relevant variables.

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