The make and model of vehicle you are buying coverage for is a significant factor when comparing the lowest-priced coverage for 20 year old women. Vehicles with lots of horsepower, a lack of modern safety features, or a history of substantial liability claims will cost substantially more to insure than more economical and safe models.
The table below presents auto insurance costs for some of the most cost-effective vehicles to insure in Texas.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $2,763 |
| Honda Accord LX 4-Dr Sedan | $2,770 |
| Hyundai Elantra GLS Touring Station Wagon | $2,763 |
| Honda CR-V EX 4WD | $2,806 |
| Toyota Prius | $3,025 |
| Chevrolet Silverado LS Regular Cab 4WD | $3,058 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $3,063 |
| Ford F-150 XLT Regular Cab 2WD | $3,058 |
| Dodge Grand Caravan SE | $3,102 |
| Ford Edge SEL AWD | $3,236 |
| Volkswagen Jetta LE 4-Dr Sedan | $3,280 |
| Toyota Tacoma Double Cab 4WD | $3,286 |
| Toyota RAV4 Sport 2WD | $3,280 |
| Chevrolet Malibu LS | $3,285 |
| Ford Explorer Limited AWD | $3,320 |
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Data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in your specific Laredo, TX location which can influence coverage prices substantially.
Based upon the rates shown, we can assume that cars like the Ford Escape, Honda Accord, and Hyundai Elantra are most likely to be a few of the most economical vehicles to insure for young women. The cost of auto insurance will be more expensive because of the fact that there is more claim exposure for 20 year old women, but overall those specific models will tend to have the least expensive rates compared to other vehicles.
Finding reliable, low-priced insurance is not the easiest thing to do, and deciding which company has the most affordable auto insurance rates for 20 year old women will require even more rate comparisons. Every insurance company has their own formula to determine premium rates, so let’s begin by taking a look at the most competitive auto insurance companies in Laredo.
We do need to point out that Texas auto insurance rates are based on many factors that may substantially change the price you have to pay. Improving your financial situation, buying higher coverage limits, or getting a couple of tickets can trigger rate changes that may make certain companies more expensive than competitors.
Find Cheaper Car Insurance for Women Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,294 |
| 5 | California Casualty | $1,382 |
| 6 | Esurance | $1,421 |
| 7 | State Farm | $1,510 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,600 |
| 10 | Safe Auto | $1,613 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,701 |
| 13 | Amica | $1,705 |
| 14 | GEICO | $2,093 |
| 15 | Home State | $2,155 |
| 16 | Encompass | $2,232 |
| 17 | MetLife | $2,249 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,646 |
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Travelers offers some of the lowest car insurance rates in Laredo at around $1,052 each year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the cheapest Laredo, TX insurance companies.
In the above example, if you are insured with Texas Farm Bureau and switched to Travelers, you might achieve annual savings of about $183. Insureds with Germania Mutual may save as much as $242 a year, and California Casualty customers might reduce prices by as much as $330 a year.
To get a quick, customized rate comparison, click here or visit any of the low-priced companies below.
Bear in mind that those premium estimates are averages for all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for 20 year old women. So the car insurance company that can offer you the best rate may not even be in the list above. That is why you need to compare as many prices as possible using your own individual information.
For young women, one of the big components that are looked at to determine the annual cost of car insurance is where you live in Laredo. Larger areas are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.
The following table shows the highest-priced areas in Texas for 20 year old women in which to purchase auto insurance. Laredo comes in at #5 with an annual premium of $1,833 for car insurance, which is approximately $153 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Dallas | $1,893 |
| 3 | Brownsville | $1,870 |
| 4 | Houston | $1,853 |
| 5 | Laredo | $1,833 |
| 6 | Mesquite | $1,807 |
| 7 | Amarillo | $1,804 |
| 8 | Garland | $1,796 |
| 9 | Grand Prairie | $1,757 |
| 10 | Pasadena | $1,740 |
| 11 | Irving | $1,736 |
| 12 | Beaumont | $1,720 |
| 13 | Arlington | $1,709 |
| 14 | Lubbock | $1,682 |
| 15 | San Antonio | $1,671 |
| 16 | Carrollton | $1,647 |
| 17 | Austin | $1,627 |
| 18 | McKinney | $1,625 |
| 19 | Corpus Christi | $1,620 |
| 20 | El Paso | $1,616 |
| 21 | Plano | $1,608 |
| 22 | Fort Worth | $1,604 |
| 23 | Waco | $1,537 |
| 24 | Killeen | $1,533 |
| 25 | Abilene | $1,499 |
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Annual rates are estimated as the specific garaging location can affect rates noticeably.
The example below illustrates how your choice of deductibles can increase or decrease premium costs when trying to find cheap insurance for 20 year old women. The prices are based on a married male driver, full physical damage coverage, and no discounts are factored in.
As shown above, a 30-year-old driver could save $294 a year by switching from a $100 deductible to a $500 deductible, or save $446 by using a $1,000 deductible. Younger drivers, such as the Age 20 example, could potentially save up to $884 each year just by using higher deductibles.
When using a larger deductible, it is important to have enough savings to allow you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Accidents and violations increase rates
The easiest method to receive affordable auto insurance premiums in Texas for young women is to be a good driver and not have accidents or get tickets. The illustration below illustrates how violations and at-fault fender-benders influence annual premium costs for each age group. The price estimates are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
In the example above, the average cost of car insurance in Laredo per year with a clean driving record and no accidents is $2,431. Factor in two speeding tickets and the average cost increases to $3,216, an increase of $785 each year. Then include two accidents along with the two speeding tickets and the annual cost of auto insurance for 20 year old women jumps again to an average of $6,259. That’s an increase of $3,828, or $319 per month, just for being a careless driver!
You are probably paying too much for car insurance
Laredo auto insurance rates are determined by lots of factors that will increase or decrease the price you pay for coverage. Turning one year older, getting divorced, or getting a ticket for careless driving can produce rate changes that can make some companies affordable when they were higher priced.
Also, car insurance companies modify rates without warning to adjust for heavy claims or excess profits. Significantly higher losses may cause rate hikes, while a profitable period may cause more affordable Laredo car insurance rates.
The graph below shows which company has the cheapest car insurance in Laredo, TX for a 30-year-old male driver with no violations or accidents, and solid credit. If we look at prices based on his personal profile, Travelers offers the lowest car insurance rates in Laredo at $1,338 annually. This is $566 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the most affordable Laredo, TX auto insurance companies.
The chart below compares rates after we give the driver from above a couple of claims, a lower credit rating, and a speeding ticket. Because every insurance company has a different formula for setting prices, analyzing rates may result in a different ranking of companies as shown below.
Mercury now has the best price in Laredo, TX with USAA, State Farm, Nationwide, and Safe Auto completing the list. This illustrates why Laredo drivers need to compare rates when trying to get the most affordable car insurance quotes for 20 year old women. Car insurance prices can be altered by many factors and change dramatically, so the cheapest company two years ago may now not even be in the top five.
The Laredo auto insurance agencies shown below are willing to aid you in deciding which auto insurance policy fits you best, since some people prefer to have the advice of a professional agent when trying to find the best insurance rates for 20 year old women. It’s not always simple to find the cheapest auto insurance company, and insurance agents can bring satisfaction knowing you have adequate coverage if you have an accident or claim.
To find an agent near you, click the button at the bottom or click here to compare price quotes now.
- Zimmerman Insurance
3515 N Arkansas Ave #107 – Laredo, TX 78043 – (956) 796-1115 - Allstate Insurance Agent: Jorge A Monsivais
414 Shiloh Dr Unit 1 – Laredo, TX 78045 – (956) 722-0087 - J and E Insurance
1701 S Malinche Ave – Laredo, TX 78046 – (956) 791-1633 - Allstate Insurance Agent: Mike Cortez
201 W Del Mar Blvd Ste 16 – Laredo, TX 78041 – (956) 723-6453