Cheapest Auto Insurance Quotes in Laredo, Texas

Drivers in Laredo, Texas can find the cheapest car insurance from Fred Loya, with an average cost of $29 per month for liability-only policies and $63 for full coverage policies. If you're wary of this regional insurer's poor customer satisfaction scores, State Farm and USAA are also near the top of the list for cheapest car insurance in Laredo and have stronger customer service.

The Gateway City sits on the border of the U.S. and Mexico and is one of the top 10 cities in Texas by population, which could help explain Laredo's higher average auto insurance cost of $1,011 per year — 9% higher than the state average of $926 for minimum liability policies.

Cheapest auto insurance in Laredo: Fred Loya

For a state minimum liability policy, regional insurer Fred Loya has the best rate at $343 per year, a whopping $668 cheaper than the city's average premium. State Farm takes second place with a $546 annual rate, and Geico could still help you save at $868 per year. USAA also makes the list with a low $475 annual cost, but membership is only open to military members, veterans and their families.

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

Cheapest car insurance in Laredo, TX

Before you start getting quotes, consider whether a liability-only policy will offer you enough coverage and which company has the best features and customer service.

Cheapest full coverage car insurance in Laredo: Fred Loya

Fred Loya also tops the list for cheapest full coverage policies. State Farm and USAA both offer policies for less than $1,500 per year.

Full coverage auto insurance, which includes liability along with collision and comprehensive coverage, offers a higher level of protection and meets the requirements for your car loan if you have a new car.

Cheap car insurance for drivers with prior incidents

Expect higher car insurance rates if you have any tickets or at-fault accidents on your driving record since insurance companies see these as high-risk factors. Fred Loya, State Farm and Geico are the cheapest insurers for Laredo drivers with a few incidents on their driving record.

Cheapest car insurance in Laredo after an accident: Fred Loya

If you have an at-fault car accident on your record, insurance companies will see you as a higher risk to insure. You can still find affordable car insurance in Laredo from Fred Loya and State Farm, with annual rates for full coverage of $926 and $1,617, respectively. USAA also offers below-average rates if you qualify, though you'll pay $2,069 per year.

Cheapest car insurance after a speeding ticket: Fred Loya

A speeding ticket will only increase your rates by around 7% in Laredo. Fred Loya offers a full coverage rate of $755 per year for Laredo drivers with one speeding ticket. You can also try State Farm, with an average $1,405 annual rate, and USAA at $1,562.

Cheapest car insurance for drivers with a DUI: Fred Loya

Laredo drivers might face an average 70% increase in auto insurance premiums after getting a DUI or DWI. Fred Loya offers the cheapest policies at $1,194 per year for full coverage. State Farm and USAA take a close second and third place at just over $2,000 each.

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

Cheapest car insurance for drivers with poor credit: Fred Loya

Drivers in Laredo with poor credit pay 24% more than drivers with average or better credit. Fred Loya offers the best deal for those with bad credit at $549 per year for full coverage, followed by State Farm at $976 and USAA at $929.

If you can't get the cheapest rates because of your credit score but you're 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 than with standard insurance.

Cheapest insurance for married drivers: Fred Loya

Fred Loya offers the best deal for married drivers with an annual rate of $675 for full coverage. USAA comes in second at $1,190 per year, and State Farm's $1,405 rate isn't too far behind.

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

Cheapest insurance for young drivers: USAA

Unfortunately, teen drivers face notoriously expensive car insurance rates due to their lack of driving experience. Eighteen-year-old drivers in Laredo can get an annual rate of $2,474 from USAA for full coverage. Fred Loya takes second place at $3,101 per year. Prices then start to climb past $4,000 per year, with State Farm at $3,969 and Geico at $4,145.

As a young driver, you might be able to save even more with discounts by being a good student, taking a defensive driving course or leaving your car at home while away at college.

Average car insurance costs by neighborhood

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

Auto theft statistics in Laredo

Though it is the 10th most populated city in Texas, Laredo has a low rate of car theft compared to other Texas cities. In 2018, approximately six cars were stolen for every 10,000 residents in Laredo, compared to the average of 31 across the top 10 most populated cities and 14 across all Texas cities. That may be due to a recent push by the local government to cut down on crime in this city.

Recap of the cheapest auto insurance in Laredo

Methodology

For this analysis, we compared rates from nine of the top auto insurers in Laredo, Texas. Unless otherwise mentioned, we calculated average rates for a full coverage policy for a driver who's a single 30-year-old with no accidents, DUIs or speeding tickets and drives a 2015 Honda Civic EX.

Full coverage policies included:

ValuePenguin's expert analysis compiles insurance rate data from publicly sourced insurer filings using Quadrant Information Services. Your actual quotes from these insurers may vary.

Source:

2018 FBI Texas crime report