How Much is Auto Insurance for 16 Year Olds in Laredo?

You have surely seen all the catchy advertisements from insurers like Farmers, GEICO, and The General claiming enormous savings, so drivers should just choose any of them, right?

It’s not that easy, however, as there are a lot of unknown elements like if you own or rent your home, what coverage limits you need, if you are married, and whether or not you are currently insured, that all factor into the price you pay. We are going to cover the best ways to avoid high prices and hopefully give you enough understanding to have a good start in finding the cheapest car insurance in Texas.

The vehicle you are seeking coverage for is a significant factor when quoting cheaper car insurance for 16 year olds. Vehicles with average performance, modern passenger safety features, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models. The information below showcases car insurance prices for a number of the more affordable automobiles to insure.

Cheapest Vehicles to Insure in Laredo, TX
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLT 2WD $4,783
Honda Accord LX 4-Dr Sedan $4,788
Honda CR-V EX-L 2WD $4,826
Toyota Prius $5,159
Dodge Grand Caravan SE $5,378
Ford Edge SEL 2WD $5,627
Chevrolet Impala LS $5,633
Ford Focus S 4-Dr Sedan $5,627
Chevrolet Malibu LS $5,669
Toyota RAV4 2WD $5,677
Nissan Altima 2.5 4-Dr Sedan $5,669
Ford Fusion S 4-Dr Sedan $5,679
Ford Explorer Eddie Bauer 4WD $5,712
Hyundai Elantra Blue 4-Dr Sedan $5,916
Toyota Tacoma X-Runner 2WD $5,958
Honda Odyssey EX-L W/Rear Entertainment $5,968
Toyota Camry XLE $5,958
Volkswagen Jetta SE 4-Dr Sedan $6,000
Ford F-150 Lariat Crew Cab Platinum 2WD $6,007
Toyota Corolla XRS $6,000
Start a Quote Go

Above prices assume single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific Laredo, TX garaging location which can impact prices substantially.

Looking at the rates, you can presume that makes and models like the Ford Escape, Honda Accord, and Honda CR-V are most likely going to be some of the more affordable vehicles to insure for new drivers. The cost of a car insurance policy will be more expensive just due to the fact that there is more liability risk for 16 year olds, but in general those makes and models will probably have the best rates possible.

Finding out which companies have the lowest-priced car insurance rates for 16 year olds involves a bit more effort than just comparing rates from one or two companies. Every insurance provider has a unique approach for setting prices, so let’s examine the lowest cost car insurance companies in Laredo, TX.

Cheapest Insurance Rates for Teens

Get a Free Quote and Save

Rankings for the cheapest car insurance companies in Texas
Rank Company Cost Per Year
1 Travelers $1,052
2 USAA $1,095
3 Texas Farm Bureau $1,199
4 Germania Mutual $1,282
5 Esurance $1,365
6 California Casualty $1,396
7 State Farm $1,510
8 Mercury $1,521
9 Nationwide $1,538
10 Safe Auto $1,613
11 Progressive $1,664
12 Allstate $1,718
13 Amica $1,757
14 Home State $2,071
15 GEICO $2,156
16 MetLife $2,227
17 Encompass $2,232
18 Unitrin $2,310
19 21st Century $2,469
20 Titan $2,594
Get a Custom Quote Go

Travelers generally has some of the lowest car insurance rates in Laredo at around $1,052 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the most economical Laredo, TX insurance companies.

In this example, if you are currently insured with Germania Mutual and switched to USAA, you could earn savings of in the vicinity of $187. Insureds with Esurance could save as much as $270 a year, and California Casualty insureds might reduce prices by as much as $301 a year.

To find cheaper insurance rates for your vehicle, click here to start your custom quote or visit any of the companies below.

Remember that these premiums are averages for all types of insureds and vehicles and do not factor in a specific vehicle garaging location for 16 year olds. So the auto insurance company that can offer you the lowest price may not even be in the list above. That is why you need to compare as many prices as possible using your own driver and vehicle profiles.

One of the more important factors that help determine the cost of insurance is where you keep your car in Laredo. Areas with more people or higher crime rates tend to pay more, whereas more rural areas benefit from having to pay less for coverage.

The next table rates the most costly cities in Texas for 16 year olds to buy auto insurance in. Laredo is listed at #3 with the yearly price of $1,907 for the average policy, which is around $159 monthly.

How much does car insurance cost in Laredo, TX?
Rank City Average Per Year
1 McAllen $2,016
2 Brownsville $1,927
3 Laredo $1,907
4 Dallas $1,893
5 Houston $1,835
6 Mesquite $1,825
7 Grand Prairie $1,793
8 Amarillo $1,786
9 Garland $1,778
10 Pasadena $1,740
11 Irving $1,736
12 Beaumont $1,720
13 San Antonio $1,688
14 Lubbock $1,682
15 Fort Worth $1,670
16 Arlington $1,658
17 Corpus Christi $1,636
18 El Paso $1,632
19 McKinney $1,625
20 Austin $1,610
21 Carrollton $1,598
22 Plano $1,576
23 Abilene $1,561
24 Waco $1,522
25 Killeen $1,473
Start a Quote Go

Rate information is estimated as the specific garaging location can lower or raise rates significantly.

Get discounts on Laredo car insurance rates

Discounts on car insurance for 16 year oldsAuto insurance companies that offer coverage for 16 year olds could also offer price discounts that could reduce prices by as much as 25% or more if you are eligible for them. Popular car insurance companies and the discounts they provide can be read below.

The example below illustrates the difference between insurance premiums with and without discounts. The data assumes a female driver, no claims or driving citations, Texas state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second shows the rates with passive restraint, continuous coverage, paid-in-full, paperless filing, anti-theft, and good student discounts applied. When discounts are applied, theaverage amount saved on car insurance for 16 year olds is 28% or $992.

Finding the best car insurance provider is difficult considering how many companies sell insurance in Laredo. The company rank data below can help you analyze which insurers to look at when comparing auto insurance rates for 16 year olds. These ratings are for companies with a national presence, so smaller companies are not taken into consideration for the list.

Top 10 Major Auto Insurance Providers in Laredo Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Accidents and violations increase rates

The easiest way to score cheap car insurance premiums in Laredo for new drivers is to drive safely and avoid traffic citations and accidents. The diagram below illustrates how speeding tickets and at-fault fender-benders can affect yearly insurance costs for each age group. The rates are based on a single female driver, full coverage, $250 deductibles, and no discounts are taken into consideration.

In the previous example, the average cost of a car insurance policy in Laredo per year with a clean driving record and no accidents is $1,899. Receive one speeding ticket and the average cost surges to $2,152, an increase of $253 each year. Now add two accidents along with the one speeding ticket and the annual cost of car insurance for 16 year olds increases to an average of $4,338. That’s an increase of $2,439, or $203 per month, just for not driving attentively!

How to find budget-friendly car insurance for 16 year olds

It’s not impossible to find cheaper rates, and here are a few money-saving suggestions that can help Laredo drivers buy cheaper auto insurance.

The final tip is very critical, as was pointed out in the prior information. Insurance rates fluctuate considerably, so you should be ready to change to a new company if a cheaper price is available. Brand loyalty is great, but it isn’t a good idea if it’s costing you thousands of dollars over several years. It takes less than five minutes to compare rates and find cheaper auto insurance for 16 year olds in Laredo.