Cheapest Auto Insurance Quotes in Laredo, Texas

Best cheap car insurance companies in Laredo

Laredo sits on the border of the US and Mexico. It's one of the top 10 cities in Texas by population, which could help explain their higher average car insurance cost of $1,011 per year. That's 9% higher than the state average of $926 for a minimum-liability policy.

Car insurance rates are based on your background, location and driving history. You should compare quotes from multiple companies to get the best deal.

Cheapest car insurance in Laredo: Fred Loya Insurance

State Farm and USAA both offer policies for less than $1,500 per year.

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Cheapest full-coverage car insurance in Laredo

Full-coverage auto insurance, which includes liability and collision and comprehensive, has a higher level of protection and meets loan requirements for a new car.

Cheapest liability insurance quotes in Laredo: Fred Loya Insurance

USAA costs only $40, but membership is only open to military members, veterans and their families.

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Fred Loya Insurance, State Farm, Geico and USAA are the cheapest car insurance companies in Laredo, according to an analysis of nearly 1,000 quotes. Laredo drivers could save an average of $425 per year by switching to one of these companies.

Cheapest car insurance in Laredo, TX

Before you get quotes, consider whether a liability-only policy will be enough and which company has the best features and customer service.

Cheapest insurance for young drivers: Fred Loya Insurance

Unfortunately, insurance is notoriously expensive for teens due to their lack of experience. An 18-year-old in Laredo can get an monthly rate of $258 from Fred Loya Insurance. Prices then start to climb to $300 and beyond, with State Farm at $331 and Geico at $345.

Young drivers, might save even more by being a good student, taking a defensive driving course or leaving the car at home while away at college.

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Cheapest car insurance after a speeding ticket: Fred Loya Insurance

A speeding ticket will only increase your rates by around 7% in Laredo. Fred Loya Insurance has full coverage for $63 per month. You can also try State Farm, with an average of $117, and USAA, at $130.

Cheapest car insurance after a speeding ticket

Cheapest car insurance in Laredo after an accident: Fred Loya Insurance

If you have an at-fault car accident on your record, insurance companies will see you as a higher risk. You can still find affordable insurance from Fred Loya Insurance ($77) and State Farm ($135). USAA also offers below-average rates if you qualify, but you'll still pay $172 per year.

Cheapest car insurance after an accident

Cheapest car insurance for Laredo drivers with a DUI: Fred Loya Insurance

Premiums increase an average of 70% after a DUI or DWI. Fred Loya Insurance offers the cheapest policy, at $100 per year for full coverage. State Farm and USAA take second and third place at just over $150 each.

You can also get help filing a Texas SR-22 form with any of these companies except Chubb and MetLife.

Cheapest car insurance for drivers with a DUI

Cheapest car insurance for drivers with poor credit: Fred Loya Insurance

Drivers in Laredo with poor credit pay 24% more than drivers with average or better credit. Fred Loya Insurance has the best deal, at $50 per year for full coverage, followed by USAA at $77 and State Farm at $976.

If you can't get the cheapest rate because of your credit score but are generally a safe driver or don't drive much, consider telematics insurance. Telematics, or usage-based, programs base your premium primarily on how much and how well you drive, so factors like your credit score often have a much smaller impact on your rates.

Cheapest car insurance for Laredo drivers with poor credit

Cheapest insurance for married drivers: Fred Loya Insurance

Fred Loya Insurance offers the best deal for married drivers, with an annual rate of $56 for full coverage. USAA comes in second at $99 per year, and State Farm's $117 rate isn't too far behind.

Insurance companies couple being married with safer driving. Married drivers save an average of 5% on car insurance nationally, and Laredo drivers can expect to save slightly more, at 9.5%. You'll get the discount just for being married, and you could save even more by insuring all your cars under the same policy.

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Average car insurance cost by neighborhood

Car insurance companies consider not just your city but also your neighborhood to calculate risks like auto theft and car accidents. The good news is, Laredo drivers won't find a huge difference, whether in San Augustin or Hillside.

Recap of the cheapest auto insurance in Laredo

Methodology

For this analysis, rates from nine of the top insurance companies in Laredo, Texas, were compared. Unless otherwise mentioned, average rates were calculated for a full-coverage policy for a 30-year-old, single driver of a 2015 Honda Civic EX, with no accidents, DUIs or speeding tickets.

Full coverage included:

This expert analysis compiled insurance rate data from publicly sourced company filings using Quadrant Information Services. Your actual quotes may vary.

Source:

2018 FBI Texas crime report