Finding out which companies offer the best insurance rates for teachers involves a little more effort in order to find coverage that fits your budget. Each auto insurer used slightly different criteria to determine premium rates, so let’s look at the rankings for the insurance companies with the overall cheapest rates in Laredo, TX.
Lowest Insurance Price Quotes for Educators
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,247 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,421 |
| 6 | California Casualty | $1,438 |
| 7 | State Farm | $1,510 |
| 8 | Mercury | $1,521 |
| 9 | Safe Auto | $1,549 |
| 10 | Nationwide | $1,585 |
| 11 | Allstate | $1,650 |
| 12 | Progressive | $1,698 |
| 13 | Amica | $1,757 |
| 14 | Home State | $2,155 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,183 |
| 17 | Unitrin | $2,241 |
| 18 | Encompass | $2,255 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,672 |
| Get a Custom Quote Go | ||
Travelers may have some of the best car insurance rates in Laredo at around $1,021 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the cheapest Laredo, TX insurance companies.
As the example above demonstrates, if you currently have coverage with USAA and switched to Travelers, you could realize annual savings of upwards of $96. Drivers with Texas Farm Bureau could save as much as $226 a year, and Germania Mutual policyholders might lower prices by up to $273 a year.
To find the cheapest coverage for you, click here to start your custom quote or feel free to get quotes from the companies below.
Be aware that those estimates are averaged for all types of insureds and vehicles and do not take into consideration a specific zip code for teachers. So the insurer that fits your age and vehicle best may not even be in the list above. That’s why you need to get car insurance quotes using your own driver and vehicle profiles.
The car, truck, or SUV you are insuring is probably the biggest factor that determines the availability of economical auto insurance for teachers. Vehicles with lower performance, good crash test ratings, or low incidents of liability claims will cost much less to insure than adrenaline junky models. The data below estimates insurance costs for the more affordable automobiles to insure in Texas.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,107 |
| Ford Escape Limited 2WD | $1,134 |
| Ford F-150 STX Regular Cab 2WD | $1,220 |
| Toyota RAV4 Limited 4WD | $1,313 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,339 |
| Chevrolet Malibu LT | $1,346 |
| Chevrolet Impala LTZ | $1,382 |
| Toyota Camry XLE | $1,391 |
| Hyundai Sonata SE 4-Dr Sedan | $1,475 |
| Ford Focus SES 2-Dr Coupe | $1,483 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,492 |
| Chevrolet Silverado LTZ Extended Cab 2WD | $1,502 |
| Toyota Camry Hybrid | $1,511 |
| Ford Fusion Sport AWD 4-Dr Sedan | $1,502 |
| Jeep Grand Cherokee Laredo 4WD | $1,507 |
| Toyota Prius | $1,514 |
| Dodge Grand Caravan SE | $1,526 |
| Get a Custom Quote Go | |
Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Premium amounts do not factor in specific zip code location which can impact coverage rates noticeably.
Based upon the table data, we can infer that models like the Honda CR-V, Ford Escape, Ford F-150, Toyota RAV4, and Toyota Tacoma are likely to be the cheapest vehicles to insure for teachers and educators.
One of the many things that aid in calculating the cost of insurance is where you keep your car in Laredo. Cities with larger populations tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.
The next table rates the most costly cities in Texas for teachers in which to buy car insurance. Laredo ranks #4 with an annual cost of $1,851 for the average insured, which is around $154 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Houston | $1,891 |
| 3 | Brownsville | $1,870 |
| 4 | Laredo | $1,851 |
| 5 | Dallas | $1,837 |
| 6 | Mesquite | $1,807 |
| 7 | Amarillo | $1,786 |
| 8 | Garland | $1,778 |
| 9 | Pasadena | $1,740 |
| 10 | Grand Prairie | $1,740 |
| 11 | Irving | $1,736 |
| 12 | San Antonio | $1,722 |
| 13 | Beaumont | $1,720 |
| 14 | Arlington | $1,709 |
| 15 | Lubbock | $1,665 |
| 16 | Austin | $1,627 |
| 17 | Plano | $1,624 |
| 18 | Fort Worth | $1,621 |
| 19 | El Paso | $1,616 |
| 20 | Carrollton | $1,598 |
| Compare Prices Now Go | ||
Prices are estimated as the specific garaging location can modify price quotes noticeably.
The example below demonstrates how deductible levels can raise or lower insurance rates when quoting cheap insurance for teachers. The information is based on a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.
As shown above, a 50-year-old driver could reduce rates by $358 a year by increasing from a $100 deductible to a $500 deductible, or save $540 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, can cut as much as $1,206 or more just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it will be important to have enough spare savings to be able to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
How accidents and tickets impact rates
The recommended way to obtain low insurance prices for teachers and educators is to be an attentive driver and not receive tickets or have accidents. The diagram below illustrates how traffic citations and accident claims can increase insurance costs for each different age group. The rates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The data in the chart shows the average cost of an auto insurance policy in Laredo per year with no accidents or violations is $2,067. Factor in two speeding tickets and the average cost rises to $2,783, an increase of $715 each year. Now add in two accidents along with the two speeding tickets and the yearly cost of insurance for teachers jumps again to an average of $5,316. That’s an increase of $3,248, or $271 per month, just for not driving safely!
Ideas for buying cheaper auto insurance for teachers
The list below summarizes some money-saving suggestions that can help drivers find cheaper coverage.
- Good credit can help you save money
- Buy a safer vehicle
- Don’t waste money on full coverage for older vehicles
- At-fault accidents can raise rates significantly
- Bundle home and auto and earn a discount
- Check for cheaper rates once a year
The final tip is certainly vital, as we stressed in this write-up. Prices charged by companies in Laredo adjust often, so you should be ready to switch companies if a lower price can be found.
Brand loyalty is not necessarily bad, but it’s not a great idea if your bullheadedness ends up costing you lots of hard earned cash every month. In less than five minutes you could compare rates and find cheaper insurance for teachers.