What Auto Insurance is Cheapest for 17 Year Olds in Laredo?

Wouldn’t this article be short if we could tell you instantly the one best car insurance company that has the best auto insurance prices for 17 year olds? It’s just not that easy, however, as there are a lot of unknown elements like your gender, your marital status, and your date of birth, that all influence how much you pay for auto insurance. This article will discuss the best ways to find cheap auto insurance and will hopefully give you a good start in finding the cheapest car insurance in Texas.

The vehicle model that is being insured is probably the largest consideration when comparing quotes for low-priced insurance for 17 year olds. Vehicles with higher performance characteristics, poor crash test ratings, or a high likelihood of having liability claims will cost significantly more to insure than safer models. The information below illustrates auto insurance prices for a number of the cheapest automobiles to insure.

Cheapest Vehicles to Insure in Laredo, TX
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $4,194
Honda CR-V EX-L 4WD $4,235
Toyota Prius $4,542
Jeep Wrangler Sport Islander Package 4WD 2-Dr $4,670
Ford Explorer XLT 4WD $4,711
Volkswagen Jetta 2.0T Station Wagon $4,806
Ford Edge SEL AWD $4,936
Toyota Tacoma 2WD $4,944
Toyota RAV4 2WD $4,978
Chevrolet Equinox LT 2WD $4,983
Chevrolet Malibu LS $4,978
Toyota Camry LE $4,985
Dodge Grand Caravan Hero $4,978
Ford F-150 SVT Raptor Super Cab 4WD $5,019
Ford F-350 XL Super Cab 2WD $5,060
Ford Focus SEL 4-Dr Sedan $5,200
Hyundai Elantra Blue 4-Dr Sedan $5,210
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Data variables include single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific Laredo, TX garaging location which can increase or decrease prices significantly.

Based upon the rates shown, we can presume that models like the Ford Escape, Honda CR-V, Toyota Prius, Jeep Wrangler, and Ford Explorer will definitely be a few of the most economical vehicles to insure for teen drivers. Auto insurance rates will tend to be more expensive anyway because there is more liability exposure for 17 year olds, but in general those makes and models will most likely have the cheapest rates that you’ll find.

Determining which company quotes the cheapest car insurance rates for 17 year olds takes a little more sweat in order to find the most economical policy. Every insurance company has their own guidelines to determine premium rates, so let’s take a look at the overall cheapest car insurance companies in Texas.

Keep in mind that Laredo, TX car insurance rates are calculated based on many things that will increase or decrease the policy price. Improving your credit rating, moving to a new city, or getting a couple of tickets may generate price changes that can make some companies more affordable than competitors.

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Cheapest Texas auto insurance companies
Rank Company Cost Per Year
1 Travelers $1,021
2 USAA $1,084
3 Germania Mutual $1,244
4 Texas Farm Bureau $1,247
5 Esurance $1,379
6 California Casualty $1,382
7 State Farm $1,495
8 Mercury $1,506
9 Nationwide $1,538
10 Safe Auto $1,597
11 Progressive $1,647
12 Allstate $1,667
13 Amica $1,723
14 Home State $2,155
15 GEICO $2,156
16 MetLife $2,227
17 Encompass $2,301
18 Unitrin $2,333
19 21st Century $2,421
20 Titan $2,646
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Travelers normally has some of the most affordable car insurance rates in Laredo at around $1,021 a year. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance also qualify as some of the cheaper Laredo, TX auto insurance companies.

In the above example, if you currently have coverage with USAA and switched to Travelers, you might realize a yearly savings of in the neighborhood of $63. Insureds with Germania Mutual might save as much as $223 a year, and Texas Farm Bureau policyholders might realize rate reductions of up to $226 a year.

Understand that those policy prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a vehicle location for 17 year olds. So the insurer that fits your needs best may not even be in the top 23 companies shown above. That helps illustrate why you need to compare rates from multiple companies using your own driver data and vehicle information.

Should you buy full coverage?

Finding the cheapest car insurance should be important to most vehicle owners, and one of the best ways to buy cheap insurance for 17 year olds is to only buy liability coverage. The illustration below visualizes the comparison of yearly insurance costs when comparing full coverage to liability only. The prices are based on no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Averaged for all age groups, comp and collision coverage costs $1,730 per year over and above liability coverage. Many people question if buying full coverage is worth the expense. There is no clear-cut rule to stop buying comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s replacement value is $4,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,500 after the policy deductible has been paid. If you are paying in excess of $350 a year for physical damage coverage, then it might be time to consider dropping full coverage.

Accidents and violations increase rates

The obvious way to maintain cheap car insurance rates in Laredo for teen drivers is to pay attention while driving and avoid traffic citations and accidents. The example below illustrates how speeding tickets and accidents impact car insurance rates for different age categories. The prices are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

In the previous chart, the average cost of car insurance in Laredo per year with no accidents and a clean driving record is $1,889. Add in two speeding tickets and the average cost increases to $2,614, an increase of $725 each year. Then include one accident along with the two speeding tickets and the yearly cost of car insurance for 17 year olds goes up to an average of $3,338. That’s an increase of $1,448, or $121 per month, just for being a careless driver!

Discounts on Laredo car insurance

Car insurance for teen drivers in Laredo, TXAuto insurance companies that provide policies for 17 year olds may also give you discounts that could reduce prices by as much as 35% or more if you meet certain criteria. The best car insurance companies and their offered discounts are outlined below.

The information below illustrates the comparison of insurance rates with and without discounts applied. The price estimates are based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with continuous coverage, passive restraint, paid-in-full, good student, anti-theft, and vehicle safety discounts applied. In this example, theaverage amount saved on car insurance for 17 year olds is 28% or $733.

The Laredo car insurance agencies listed below are a good start to help you determine which policy is best, since lots of people like to have some advice when buying car insurance for 17 year olds. It can be challenging to find the best rates on your own, so getting advice from a licensed agent can add peace of mind knowing your policy gives you adequate asset protection.

To locate a Laredo insurance agent nearest to you, click the link after the list.

Allstate Insurance Agent: Powell-Watson Insurance Group
6301 Arena Blvd Ste ALaredo, TX 78041(956) 764-4399

J and E Insurance
1701 S Malinche AveLaredo, TX 78046(956) 791-1633

Farmers Insurance – Gabriel Medina
9807 Mines Rd #6Laredo, TX 78045(956) 645-2510

Allstate Insurance Agent: Mike Cortez
201 W Del Mar Blvd Ste 16Laredo, TX 78041(956) 723-6453

View more Laredo, TX insurance agents