How Much is Car Insurance for Teenagers in Laredo?

For teen drivers, one of the largest components that are used to help calculate insurance cost is where you live in Laredo. More densely populated places will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.

The information below lists the priciest cities in Texas for teenagers to purchase car insurance in. Laredo makes the list at #6 with an annual premium of $1,833 for the average insurance policy, which is around $153 monthly.

How much does car insurance cost in Laredo, TX?
Rank City Premium Per Year
1 McAllen $2,016
2 Dallas $1,893
3 Amarillo $1,858
4 Houston $1,853
5 Brownsville $1,851
6 Laredo $1,833
7 Mesquite $1,825
8 Garland $1,796
9 Irving $1,789
10 Beaumont $1,754
11 Pasadena $1,740
12 Grand Prairie $1,740
13 Lubbock $1,682
14 San Antonio $1,671
15 Arlington $1,642
16 Austin $1,627
17 Plano $1,624
18 Fort Worth $1,604
19 Carrollton $1,598
20 El Paso $1,584
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Rate quotes are estimated as zip code location can influence auto insurance rates greatly.

The vehicle requiring coverage is a significant factor when trying to find cheaper coverage for teenagers. Vehicles with lots of horsepower, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models.

The information below presents insurance rates for a handful of the cheaper vehicles to insure.

Cheapest Vehicles to Insure in Laredo, TX
Insured Vehicle Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $5,086
Ford Escape XLT 2WD $5,095
Honda CR-V EX 4WD $5,134
Toyota Prius $5,494
Dodge Grand Caravan CV $5,719
Ford F-150 XLT Crew Cab 2WD $5,725
Ford Focus SE 4-Dr Sedan $5,982
Jeep Grand Cherokee Laredo 2WD $6,030
Chevrolet Equinox LT AWD $6,040
Chevrolet Impala LT $6,030
Toyota RAV4 Limited 4WD $6,038
Ford Explorer Limited 2WD $6,079
Toyota Tacoma Double Cab 4WD $6,089
Ford Edge Sport 2WD $6,342
Toyota Camry SE $6,350
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Cost estimates assume single male 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. Price information does not factor in specific location information which can affect price quotes substantially.

By looking at the data, you can conclude that vehicles like the Hyundai Elantra, Ford Escape, Honda CR-V, and Toyota Prius are most likely to be the more affordable vehicles to insure for teen drivers. The price of auto insurance will be more costly because of the fact that there is a higher risk for teenagers, but generally speaking those specific models will have the best rates that you are likely to find.

Comparison of full coverage and liability-only policies

Finding cheaper auto insurance should be important to the majority of drivers, and one way to lower the cost of insurance for teenagers is to not insure for full coverage. The chart below shows the comparison of annual premium costs with liability coverage only compared to full coverage. The premiums are based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

As an average, comprehensive and collision coverage on your policy costs an extra $2,131 per year over liability only. That touches on the question if full coverage is worth the money. There is no definitive rule to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

There are a few cases where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

How to find a good Laredo auto insurance company

Selecting the highest-rated insurance provider can be a challenge considering how many choices you have in Texas. The ranking data listed below may help you pick which car insurance companies to look at shopping your coverage with.

The ratings below are for the largest companies in the United States, so smaller companies that only insure vehicles in Texas will not be included in the list. If you wish to compare rates from the insurers below and more, click this link.

Top 10 Major Auto Insurance Companies in Laredo Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Top 10 Major Auto Insurance Companies Overall in Laredo

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Get discount Laredo auto insurance

Cheaper Laredo, TX auto insurance for teen driversAuto insurance companies that offer coverage for teenagers may provide rate discounts that could potentially reduce rates by as much as 40% or more if you meet certain criteria. A few of the larger companies and a selection of discounts are:

The chart below shows the comparison of insurance costs with and without discounts applied to the premium. The data assumes a female driver, a clean driving record, no claims, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with vehicle safety, good student, passive restraint, paperless filing, paid-in-full, and anti-theft discounts applied. When drivers take advantage of discounts, theamount saved on auto insurance for teenagers is 28% or $595.

The agents shown below are willing to help you decide which car insurance policy is best, since many consumers aren’t sure which coverage to buy and prefer to get some guidance when comparing insurance rates for teenagers. It can be challenging to find the cheapest auto insurance company, and insurance agents can give you satisfaction knowing your coverage gives you enough protection.

To locate a Laredo auto insurance agent close to where you live, click the button link following the list.

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