It’s hard to miss the captivating ads from companies like State Farm and Nationwide that promise the cheapest price, so drivers should just pick the one with the best commercial, right?
It’s just not that simple, as there are a ton of unknown elements like if you are currently insured, the type of vehicle you drive, and your marital status, that all have an effect on the price. This article will cover the best ways to shop for cheaper coverage and will hopefully give you a good beginning to your quest for cheaper car insurance in Laredo.
Finding out which company has the cheapest auto insurance rates with multiple speeding tickets will take more time in order to find the lowest price. Every car insurance company uses a little different formula for setting prices, so let’s take a look at the auto insurance companies that tend to be cheaper in Laredo, TX.
It’s important to know that Texas auto insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay for coverage. Improving your credit score, buying higher coverage limits, or getting a DUI can trigger changes in premium that can now make some companies cheaper than others.
Find the Best Cheap Insurance with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,461 |
| 9 | Safe Auto | $1,549 |
| 10 | Nationwide | $1,585 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,667 |
| 13 | Amica | $1,757 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,093 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,324 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,646 |
| Find Cheaper Rates Go | ||
Travelers offers some of the most affordable car insurance rates in Laredo at around $1,010 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the most economical Laredo, TX auto insurance companies.
As depicted above, if you currently buy coverage from Esurance and switched to USAA, you may realize savings of about $251. Customers with California Casualty may save as much as $296 a year, and State Farm insureds might lower prices by $322 a year.
To get a quick, customized rate comparison, click here to start your custom quote or visit several of the following companies.
Understand that those prices are averaged for all insureds and vehicles and do not take into consideration a vehicle location with multiple speeding tickets. So the auto insurance company that fits you best may not even be in the top 23 companies in the list above. That is why you need to get quotes using your own driver data and vehicle information.
After a few driving violations, one of the largest considerations that help determine car insurance rates is where your car is garaged. Cities with larger populations or higher claim trends are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The table below ranks the most expensive areas in Texas with multiple speeding tickets in which to purchase auto insurance. Laredo comes in at #5 with the annual price of $1,851 for the average policyholder, which is around $154 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Brownsville | $1,927 |
| 3 | Dallas | $1,911 |
| 4 | Houston | $1,909 |
| 5 | Laredo | $1,851 |
| 6 | Amarillo | $1,840 |
| 7 | Garland | $1,832 |
| 8 | Pasadena | $1,812 |
| 9 | Grand Prairie | $1,793 |
| 10 | Mesquite | $1,771 |
| 11 | Beaumont | $1,754 |
| 12 | Irving | $1,736 |
| 13 | Lubbock | $1,716 |
| 14 | Arlington | $1,692 |
| 15 | San Antonio | $1,688 |
| 16 | Austin | $1,676 |
| 17 | Fort Worth | $1,653 |
| 18 | El Paso | $1,632 |
| 19 | Plano | $1,624 |
| 20 | Corpus Christi | $1,620 |
| 21 | Carrollton | $1,615 |
| 22 | McKinney | $1,577 |
| 23 | Waco | $1,537 |
| 24 | Killeen | $1,533 |
| 25 | Abilene | $1,515 |
| Compare Prices Now Go | ||
Premium costs are approximated as vehicle location can affect rates noticeably.
What is the best auto insurance company in Laredo?
Picking a highly-rated auto insurance provider is difficult considering how many companies there are to choose from in Texas. The ranking data shown below may help you pick which providers to look at when shopping car insurance rates with multiple speeding tickets.
These ratings are only made up of the largest auto insurers in America, so smaller companies that only insure vehicles in Texas will not be included in the list. If you’d like to compare prices from the insurers below and more, click here.
Top 10 Major Car Insurance Companies in Laredo Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Major Car Insurance Companies in Laredo Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
The chart below illustrates how your choice of deductibles can affect insurance prices when searching for cheap insurance with multiple speeding tickets. Data assumes a single female driver, comp and collision included, and no policy discounts are applied.
The data above shows that a 40-year-old driver could pocket $408 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $612 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old example, could possibly save up to $1,048 every year by selecting a higher deductible. If you do make the decision to raise your deductibles, it will be required to have emergency funds available to pay the extra out-of-pocket expense associated with higher deductibles.
The importance of shopping around
Laredo, TX auto insurance rates are determined by lots of factors that control the policy price. Simply improving your credit, buying a different home, or getting into an accident can produce rate changes that may make certain companies cheaper in comparison to the competition.
Not only may things change on your end, but insurers change rates at least once a year to adjust for gains or losses. Heavy losses can result in more expensive prices, while a better claims history can result in lower-cost Laredo car insurance rates.
The graph below shows the company with the cheapest car insurance in Laredo, TX for a 35-year-old female driver with no accidents, a clean driving record, and excellent credit. If we compare prices based on her current risk profile, Travelers may offer the lowest car insurance rates in Laredo at $1,272 per year. This is $632 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also make the list of the cheapest Laredo, TX auto insurance companies.
Now we will give the driver from the above example a claim surcharge, a lower credit rating, and a speeding ticket. Due to the fact that every insurance company uses their own formula to determine rates, comparing insurance quotes most likely will result in a significantly different list of the cheapest Laredo car insurance companies as shown below.
State Farm now has the lowest price on auto insurance in Laredo with Mercury, Nationwide, Safe Auto, and USAA now being in the top five. This example proves why consumers need to compare lots of rates when trying to get affordable car insurance rates with multiple speeding tickets. Car insurance prices are made up of many risk factors and change dramatically, so the most economical option the last time you shopped around may now be costing you a lot of money.
Tips for buying the cheapest car insurance with multiple speeding tickets
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching solutions that can help Texas drivers locate cheaper coverage.
- Avoid filing small claims
- At-fault accidents will increase rates
- The safer your car, the less it costs to insure
- Buying your home and auto policies from the same company can earn a discount
- Be a safe driver
- Keep rates low by shopping around frequently
The last item on the list is remarkably vital, as we emphasized in the prior information. Insurance prices change constantly, so don’t be unwilling to buy a different policy if you find a better deal.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if that faithfulness ends up costing you a considerable chunk of change every month. Now is a great time to compare prices and find cheaper auto insurance with multiple speeding tickets in Laredo.
The insurance agents in Laredo listed below can probably help you make a decision which auto insurance coverages would be the best in your situation, as many consumers aren’t sure which coverage to buy and prefer to have some professional guidance when comparing insurance rates with multiple speeding tickets. It can be time-consuming to find the cheapest car insurance policy, so getting advice from a licensed Texas insurance agent can give you comfort knowing your policy gives you adequate protection in the event of a claim.
To find an agent close to you, click the button at the bottom.
- Anabella Herbig – State Farm Insurance Agent
315 Calle Del Norte Dr #103 – Laredo, TX 78041 – (956) 725-1617 - Castillo Insurance Agency
1413 E San Carlos St – Laredo, TX 78041 – (956) 727-0129 - Allstate Insurance Agent: Raul R. Martinez Jr
3802 TX-359 Ste 5 – Laredo, TX 78043 – (956) 729-8884 - Allstate Insurance Agent: Mike Cortez
201 W Del Mar Blvd Ste 16 – Laredo, TX 78041 – (956) 723-6453