Wouldn't it be awesome if we could magically tell you the best company in Laredo that has the most affordable coverage for 19 year olds? It's not that easy, however, as there are many unknown elements such as whether you are single or married, how many years you have been driving, and the safety ratings of your vehicle. We will attempt to cover the best ways to find cheap auto insurance and also should give you a good start in finding the cheapest insurance.
The make and model of vehicle driven is one of the largest considerations that determines if you can find low-priced auto insurance for 19 year olds. Vehicles with high performance features, poor safety ratings, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models.
The next table features auto insurance rates for a handful of the cheapest vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$3,431|
|Hyundai Elantra GLS Touring Station Wagon||$3,436|
|Ford Escape XLS 2WD||$3,431|
|Volkswagen Jetta S 2.5 Station Wagon||$3,714|
|Honda Accord EX-L 4-Dr Sedan||$3,720|
|Jeep Wrangler Sahara 4WD 2-Dr||$3,834|
|Ford F-150 XL Super Cab 4WD||$3,843|
|Ford Edge SE AWD||$4,034|
|Chevrolet Impala LS||$4,040|
|Toyota RAV4 4WD||$4,075|
|Jeep Grand Cherokee Laredo 4WD||$4,085|
|Nissan Altima 2.5 4-Dr Sedan||$4,075|
|Chevrolet Malibu Hybrid||$4,083|
|Chevrolet Equinox LS AWD||$4,075|
|GMC Sierra SLE Crew Cab 2WD||$4,082|
|Ford Explorer Limited 4WD||$4,117|
|Toyota Tacoma Double Cab 4WD||$4,125|
|Dodge Grand Caravan SXT||$4,117|
|Ford Focus SEL 4-Dr Sedan||$4,275|
|Toyota Camry XLE||$4,317|
|Honda Odyssey EX-L W/Navigation||$4,326|
|Toyota Corolla S||$4,317|
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Data rating is based on single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific location information which can alter coverage prices substantially.
Based upon these rates, you can presume that vehicles like the Honda CR-V, Hyundai Elantra, Ford Escape, Volkswagen Jetta, and Honda Accord are going to be some of the most economical vehicles to insure for teenage drivers. The cost of auto insurance will be more expensive because there is more exposure for 19 year olds, but overall those specific models will most likely have the lowest prices compared to other types of vehicles.
One of the many considerations that are used to help calculate the amount you pay for auto insurance is where you keep your car. Areas with a lot of weather claims or more people tend to pay slightly more, whereas areas with less crime or weather claims benefit from lower rates.
The next table sorts the highest-priced places in Texas for 19 year olds to purchase a policy in. Laredo makes the list at #4 with the annual price of $1,907 for the average insured, which is approximately $159 monthly.
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Table data uses comparative as the specific Laredo residence address can revise insurance rates significantly.
How accidents and tickets impact rates
The ideal way to maintain affordable insurance rates for teenage drivers is to drive safe and avoid accidents and traffic violations. The example below illustrates how traffic citations and accidents can affect car insurance rates for different categories of driver ages. The data is based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of car insurance per year with a clean driving record and no accidents is $1,864. Receive two speeding tickets and the average cost hikes up to $2,579, an increase of $715 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of insurance for 19 year olds jumps again to an average of $3,294. That's an increase of $1,429, or $119 per month, just for being a little careless behind the wheel!
Get discount Laredo auto insurance
Insurers that provide coverage for 19 year olds may also offer premium discounts that can reduce rates by 35% or more if you meet the requirements. Popular insurance companies and a partial list of their discounts can be found below.
- State Farm discounts include Steer Clear safe driver discount, anti-theft, passive restraint, defensive driving training, and safe vehicle.
- Nationwide may offer discounts for Farm Bureau membership, accident-free, defensive driving, easy pay, business or organization, good student, and family plan.
- GEICO has savings for air bags, driver training, multi-vehicle, emergency military deployment, and good student.
- AAA offers discounts for good student, multi-policy, AAA membership discount, pay-in-full, and anti-theft.
- 21st Century has discounts for automatic seat belts, theft prevention, student driver, 55 and older, and driver training.
- The Hartford includes discounts for defensive driver, bundle, driver training, anti-theft, vehicle fuel type, and air bag.
The illustration below shows the comparison of insurance prices with and without discounts applied to the rates. The costs are based on a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with passive restraint, homeowner, anti-theft, vehicle safety, safe-driver, and multiple vehicle discounts applied. In this example, the average amount saved each year on insurance for 19 year olds is 28% or $665.
Why you should be shopping around
Laredo insurance rates are impacted by many factors which can significantly increase or decrease the cost of a policy. Turning one year older, buying a home, or getting a ticket for running a stop sign can trigger rate changes that can now make some companies affordable when they were higher priced. Not only may your situation change, but auto insurance companies change the rates they charge in Texas at least once a year to help ensure profitability. Unexpectedly high claims can result in increased policy costs, while profitable underwriting can produce lower-priced Laredo car insurance rates.
To help illustrate this point, the graph below demonstrates which company has the cheapest car insurance in Laredo, TX for a 30-year-old female driver with no prior accidents, a clean driving record, and great credit. If we look at prices based on her current situation, Travelers has the lowest car insurance rates in Laredo at $1,232 per year. This is $672 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the rest of the cheapest Laredo, TX auto insurance companies.
The next chart shows rates after we give the driver from above an accident surcharge, less-than-perfect credit, and a traffic ticket or two. Since each auto insurer uses their own calculation for setting rates, analyzing rate quotes may now present a slightly different list of companies as shown below.
State Farm now has the lowest car insurance rate in Laredo, TX with Mercury, USAA, Nationwide, and Safe Auto also having competitive pricing. This demonstrates why it is crucial to perform an extensive rate comparison when trying to get the cheapest car insurance rates for 19 year olds.
Insurance prices are determined by many risk factors and can increase or decrease at any time, so the cheapest company the last time you checked may now be quite expensive.
If you prefer to get some professional input when buying car insurance for 19 year olds, the insurance agencies listed below can help you decide which is the best policy. To find an agent using an interactive map, click the button at the bottom or click here to compare prices now.
- Insurance and Financial Services At Champions LLC
6019 McPherson Rd Ste 6 - Laredo, TX 78041 - (956) 717-5770
- South Texas Insurance
4815 San Bernardo Ave - Laredo, TX 78041 - (956) 729-1010
- Allstate Insurance Agent: Mike Cortez
201 W Del Mar Blvd Ste 16 - Laredo, TX 78041 - (956) 723-6453