Who Has Affordable Auto Insurance for Drivers with Accidents in Laredo?

For drivers with at-fault accidents, one of the big criteria that help determine car insurance rates is where you choose to live. More populated areas tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from lower coverage costs.

The information below shows the highest-priced places in Texas for drivers with accidents in which to purchase auto insurance. Laredo makes the list at #3 with an annual cost of $1,907 on average, which is approximately $159 per month.

How much does car insurance cost in Laredo, TX?
Rank City Premium Per Year
1 McAllen $2,016
2 Brownsville $1,908
3 Laredo $1,907
4 Amarillo $1,858
5 Dallas $1,855
6 Houston $1,853
7 Mesquite $1,807
8 Garland $1,796
9 Pasadena $1,758
10 Beaumont $1,754
11 Grand Prairie $1,740
12 Irving $1,719
13 San Antonio $1,688
14 Fort Worth $1,670
15 Lubbock $1,665
16 Carrollton $1,664
17 Arlington $1,658
18 Austin $1,627
19 Corpus Christi $1,588
20 El Paso $1,584
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Annual rates are comparative as specific location information can revise price quotes substantially.

Trying to find cost effective insurance is difficult, and deciding which insurers offer the lowest-priced insurance rates for drivers with accidents will require even more work. Each insurer has their own guidelines for determining prices, so let’s take a look at the lowest cost insurance companies in Laredo, TX.

Best Cheap Insurance Rates for Accident Prone Drivers

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What’s the cheapest car insurance in Texas?
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,084
3 Texas Farm Bureau $1,211
4 Germania Mutual $1,282
5 Esurance $1,379
6 California Casualty $1,438
7 State Farm $1,465
8 Mercury $1,476
9 Safe Auto $1,565
10 Nationwide $1,600
11 Progressive $1,647
12 Allstate $1,650
13 Amica $1,757
14 GEICO $2,093
15 Home State $2,155
16 MetLife $2,183
17 Encompass $2,232
18 Unitrin $2,241
19 21st Century $2,469
20 Titan $2,594
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Travelers generally has some of the best car insurance rates in Laredo at around $1,041 annually. This is $863 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the lowest-priced Laredo, TX insurance companies.

In this example, if you are insured with Texas Farm Bureau and switched to Travelers, you may see yearly savings of about $170. Insureds with Germania Mutual may save as much as $241 a year, and Esurance insureds might see rate reductions of $338 a year.

To find the cheapest coverage for you, click here to get quotes or click several companies below for low rates.

Remember that these policy prices are averaged for all ages of drivers and types of vehicles and and are not calculated with a specific zip code for drivers with accidents. So the insurer that has the cheapest rates for you may not even be in the top 23 companies in the list above. That affirms the importance of why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

The make and model of vehicle you are seeking coverage for is a large consideration when comparing quotes for the cheapest insurance for drivers with accidents. Vehicles with limited top-end speed, advanced safety features, or low incidents of liability claims will cost significantly less to insure than high performance models. The next list outlines coverage premiums for the most economical automobiles to buy insurance for.

Cheapest Vehicles to Insure in Laredo, TX
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 4WD $2,918
Honda CR-V EX-L 4WD $3,147
Toyota Prius $3,172
Honda Odyssey LX $3,389
Ford F-150 STX Regular Cab 2WD $3,397
Ford Explorer Eddie Bauer 2WD $3,491
Dodge Grand Caravan CV $3,499
Chevrolet Malibu LT $3,499
Jeep Wrangler Unlimited Sport 2WD 4-Dr $3,601
Volkswagen Jetta LE 4-Dr Sedan $3,621
Jeep Grand Cherokee Laredo 4WD $3,630
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $3,661
Toyota RAV4 4WD $3,671
GMC Sierra SLT Crew Cab 2WD $3,678
Hyundai Sonata GLS 4-Dr Sedan $3,743
Kia Optima LX $3,751
Honda Civic VP 4-Dr Sedan $3,803
Ford Focus SES 4-Dr Sedan $3,812
Chevrolet Impala LTZ $3,813
Ford Edge Sport 2WD $3,848
Hyundai Elantra GLS 4-Dr Sedan $3,858
Ford Fusion SEL 4-Dr Sedan $3,853
Chevrolet Equinox LTZ 2WD $3,860
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Prices above based on single male driver age 30, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate information does not factor in vehicle location which can influence auto insurance rates greatly.

Based upon the rates shown, you can conclude that cars like the Ford Escape, Honda CR-V, and Toyota Prius should be the cheaper vehicles to insure for drivers with at-fault accidents. Rates will be more costly because there is more inherent risk for drivers with accidents, but generally speaking those makes and models will have the lowest insurance rates available.

Buying coverage from a high-quality company can be a challenge considering how many companies sell coverage in Laredo. The ranking data shown below could help you analyze which car insurance companies to look at when insurance shopping for drivers with accidents. The rankings below are only made up of the largest companies in the United States, so companies without a large exposure are not included in these rankings.

Top 10 Major Car Insurance Companies in Laredo Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Do you need full coverage?

Reducing the cost of insurance is important to the majority of people, and one way to find cheaper insurance for drivers with accidents is to buy only liability coverage. The diagram below illustrates the comparison of insurance premiums with and without physical damage coverage. The rates are based on no claims or driving citations, $500 deductibles, single status, and no discounts are applied.

Averaged for all age groups, comp and collision coverage costs $1,793 per year over and above liability coverage. That is a big expense that brings up the question if you should buy full coverage at all. There is no clear-cut formula of when to phase out physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s pretend your vehicle’s book value is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $11,000 after paying your deductible. If you are paying more than $1,100 annually for your policy with full coverage, then it could be time to drop full coverage.

Careless driving habits raise Laredo insurance rates

One of the best ways to earn cheap insurance prices in Laredo for drivers with at-fault accidents is to be a cautious driver and avoid accidents and keep your driving record clean. The example below demonstrates how traffic citations and at-fault fender-benders can increase car insurance costs for different insured age categories. The premiums are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

The data in the chart shows the average cost of a car insurance policy in Texas per year with no accidents and a clean driving record is $1,529. Add in one speeding ticket and the average cost hikes up to $1,758, an increase of $229 each year. Now get two accidents along with the one speeding ticket and the yearly cost of insurance for drivers with accidents goes up to an average of $3,813. That’s an increase of $2,284, or $190 per month, just for being a little careless behind the wheel!