Best Auto Insurance Rates in Laredo, Texas

On average, your neighbors pay $77 a month.

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Monday, January 7 2019 By QuoteWizard

Laredo, Texas sits right on the border with Mexico, and so it’s no surprise that 47% of all US trade with Mexico passes through this city. Laredo is also home to the Washington’s Birthday Celebration, a month-long event, the largest of its kind. As patriotic as people in Laredo are, they deserve affordable car insurance rates.

Average Laredo Car Insurance Rates

How much is car insurance in Laredo, TX? The average cost of auto insurance in Texas is $934.22 per year. The national average cost is $889.01. Average car insurance rates in Laredo are slightly higher than the national average. Prices may vary depending on your driving history and the number of claims filed in your zip code.

Texas Average Annual Car Insurance Rates
Coverage Rates
Liability $516.26
Collision $357.61
Comprehensive $192.33
Total Cost Per Year $934.22
Price Per Month $77.85
Source: Facts + Statistics: Auto insurance

The graph below shows the change in average Texas auto insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, car insurance rates in Texas increased from $808 in 2011 to $934 in 2015, a jump of $125, or 15.48 percent.

Texas average car insurance rates

QuoteWizard helps consumers compare quotes from both national insurance companies and local agents. Comparing quotes can help you find cheap car insurance rates near Laredo, Texas and save up to 40% on your premium.

Last year, 2,745 peoples used QuoteWizard to compare car insurance quotes in Laredo, TX from multiple companies to find the cheapest rates.

Best Car Insurance Companies in Laredo, TX

These were the most common car insurance companies reported by QuoteWizard users living in Laredo, Texas last year. 346 of these users were uninsured.

  1. Allstate
  2. Progressive
  3. GEICO
  4. State Farm
  5. Farmers
  6. Liberty Mutual
  7. AIG
  8. Esurance
  9. Nationwide
  10. AAA
Get a quote from some of these top rated insurers! Request Quote Get a Quote From Top Insurers

More top Laredo, Texas insurance companies: USAA, Country Financial, American Family, MetLife, Safeco, Texas Farm Bureau, Hartford, 21st Century, and Travelers.

Top 10 Vehicles

These are the most common car makes and models owned by Laredo, TX drivers requesting quotes through QuoteWizard last year.

  1. Ford F150
  2. Ford Mustang
  3. Chevrolet C1500 Silverado
  4. Ford Taurus SE
  5. Dodge Ram 1500
  6. Ford Expedition XLT
  7. Chevrolet C1500 Suburban
  8. Chevrolet Malibu
  9. Toyota Tundra
  10. GMC Sierra C1500
Get a quote for your vehicle. Request Quote Get a Quote For Your Vehicle

Minimum Car Insurance Requirements in Laredo, TX

Laredo, Texas has a minimum coverage requirement known as the 30/60/25 rule. This means each policy must include at least the following three components:

  • Individual Bodily Injury Liability (BIL): $30,000.
    The total amount your insurance carrier will pay for an individual person injured in a car accident.
  • Total Bodily Injury Liability: $60,000.
    The maximum your insurer will pay in total for every person injured in a car accident.
  • Property Damage Liability (PDL): $25,000.
    The most your insurance company will pay for property damage caused by a car accident.

Laredo Drivers

According to a recent report published by Allstate Insurance, when it comes to safe driving, Laredo, Texas ranked 7th out of 200 cities. While most US drivers go ten years without having an accident, drivers here are involved in crashes every 12 years. Out of 2,980 Laredo drivers that used QuoteWizard last year, only 95 said they had incidents on their driving record.

Laredo drivers saved up to $383 on their car insurance policies by comparing rates through our simple form.
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Driving Conditions

Factors affecting your insurance rates are the weather and road conditions.

Weather

Laredo, TX has a hot, semi-arid climate with very long, hot, and dry summers. It can and does rain with most precipitation occurring between May and October. The area can also experience powerful storms that can create traffic nightmares for city residents.

Traffic Congestion

The Texas A&M Transportation Institute (TTI) ranked Laredo 98th in the nation for yearly delay per commuter. According to the TTI study, residents spend an extra 18 hours a year stuck in traffic congestion and waste 10 gallons of fuel annually. The total cost per commuter is estimated by the TTI to be $496 per year.

Moving Violations

Moving violations like failure to yield, drunk driving, accidents, and speeding will give you a bad driving record and have a dramatic affect on your insurance rates. The reason is that tickets add points to your driving history. Points can remain on your record for as many as three years. If you get what your insurance company considers to be too many points, they can place you in a category called non-preferred. This category is reserved for bad drivers who are asked to switch to non-standard, high-risk policies.

Traffic Tickets

The Laredo Municipal Court website allows you to pay traffic citations, tells drivers how to plead guilty and contest tickets, request defensive driving school, and provides other helpful traffic court information.

SR-22 DWI Insurance

A DWI conviction may require you to obtain an SR-22 form. Get a quote and we'll connect you with local agents from top companies that specialize in Laredo DWI insurance.

DWI Crashes and Injuries

Laredo reported 114 crashes involving alcohol or drugs in 2017. These accidents involving impaired drivers caused 80 injuries and eight fatalities.

Car Accident Statistics

Laredo officials reported 5,494 car crashes in 2017. These crashes resulted in 2,485 injuries. 89 of them were serious.

Traffic Fatalities

Laredo experienced 14 fatal collisions in 2017 resulting in 18 deaths in motor vehicle crashes.

This works out to a fatality rate of 8.16 per 100,000 residents. All traffic deaths are a tragic loss, and considering Laredo’s estimated population of 260,654, this ranks among the nation's safer cities in terms of traffic fatalities per capita.

Vehicle Theft Rates

Laredo reported 170 vehicle thefts in 2017. This is a rate of 0.65 per 1000 residents. This is well below the national average of 2.37 stolen cars per 1,000 people.

Car Insurance Discounts

If you want to find affordable car insurance, discounts are one of the best ways to lower your rates. Below are only some of the car insurance discounts available to drivers in Laredo, TX.

  1. Bundle your auto policy with your homeowners or renters insurance. Bundling is one of the best discounts and can reduce your rates by as much as 20%
  2. If you're 55 or older you could qualify for either the senior discount or the 55 and retired discount
  3. Safe driver. If you have a perfect driving record you may qualify for the accident free discount
  4. Live in a safe neighborhood with low crime and good drivers. People that live in neighborhoods with high crime and urban driving conditions file more claims. For you, that can mean higher rates no matter how clean your driving record is
  5. Active duty and retired members of the Military, National Guard, or Reserves are entitled to discounts for their service
  6. Are you married or getting married soon? Some insurers offer a discount to married drivers

Sources:

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