Who Has the Cheapest Laredo Auto Insurance for Drivers with Good Credit?

The make and model of vehicle you are buying coverage for is probably the largest consideration when looking for the most affordable car insurance for drivers with good credit. Vehicles with high performance features, a lack of safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer, lower-performance models. The data below showcases car insurance rates for a number of the most budget-friendly automobiles to insure.

Cheapest Vehicles to Insure in Laredo, TX
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $1,142
Honda Accord EX 4-Dr Sedan $1,149
Ford Escape XLT 4WD $1,168
Toyota Tacoma 4WD $1,399
Toyota Corolla S $1,424
Toyota Prius $1,428
Chevrolet Silverado 2500HD LT Crew Cab 4WD $1,448
Ford Explorer XLT 4WD $1,455
Dodge Ram Quad Cab ST 4WD $1,474
Volkswagen Jetta LE 4-Dr Sedan $1,481
Toyota RAV4 Limited 4WD $1,490
Ford Focus SE 4-Dr Sedan $1,491
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,515
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in garaging location in Laredo, TX which can modify coverage prices greatly.

Looking at the data, you can see that models like the Honda CR-V, Honda Accord, Ford Escape, and Toyota Tacoma should be some of the most budget-friendly vehicles to insure for financially responsible drivers.

For financially responsible drivers, one of the big criteria that determine insurance cost is where you normally keep your vehicle in Laredo. More populated areas tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates get the luxury of paying less.

The table below lists the highest-priced places in Texas for drivers with good credit to buy auto insurance in. Laredo makes the list at #3 with an annual cost of $1,907 for the average policy, which is approximately $159 per month.

Car insurance prices in Laredo
Rank City Average Per Year
1 McAllen $1,996
2 Houston $1,909
3 Laredo $1,907
4 Dallas $1,855
5 Brownsville $1,851
6 Garland $1,850
7 Mesquite $1,825
8 Grand Prairie $1,811
9 Pasadena $1,794
10 Amarillo $1,786
11 San Antonio $1,722
12 Beaumont $1,720
13 Irving $1,719
14 Arlington $1,692
15 Lubbock $1,682
16 Austin $1,627
17 McKinney $1,625
18 Plano $1,624
19 El Paso $1,616
20 Carrollton $1,615
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Price information shown is comparative as vehicle location can lower or raise coverage prices considerably.

Illustration showing the impact of accidents and violations

The easiest method to receive the cheapest insurance premiums in Laredo for financially responsible drivers is to pay attention while driving and have a clean driving record. The diagram below illustrates how violations and at-fault accidents can impact car insurance costs for different age groups. The information is based on a married female driver, full coverage, $100 deductibles, and no other discounts are factored in.

The data charted above shows the average cost of auto insurance in Texas per year with no accidents and a clean driving record is $1,874. Factor in one speeding ticket and the average cost surges to $2,180, an increase of $305 each year. Now throw in two accidents along with the one speeding ticket and the annual cost of insurance for drivers with good credit jumps again to an average of $4,659. That’s an increase of $2,785, or $232 per month, just for not driving attentively!

The information below shows how choosing a deductible can change annual premium costs when researching cheap insurance for drivers with good credit. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

As shown above, a 40-year-old driver could cut expenses by $362 a year by changing from a $100 deductible up to a $500 deductible, or save $546 by changing to a $1,000 deductible. Even younger insureds, such as the Age 20 example, could shave up to $900 annually by choosing larger deductibles on their policy.

If you do decide to increase your deductibles, it will be required to have enough funds in savings to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

How to find economical insurance for drivers with good credit

Lowering your rates is not difficult, and here are some of the better penny-pinching suggestions that can help Texas drivers quote more affordable coverage.

The last idea is incredibly critical, as was noted in this piece. Prices charged by companies fluctuate constantly, so don’t hesitate to change insurance companies if you find a better deal. Having a favorite company is fine, but it isn’t a good idea if that devotion results in you overpaying a lot of money every month. It takes less than five minutes to compare prices to find cheaper auto insurance for drivers with good credit in Laredo.

The insurance agents in Laredo listed below can help you make a decision which policy fits your needs best, since some people have coverage questions and would like to have a professional recommendation when shopping for the best coverage for financially responsible drivers. It can be time-consuming to find the best coverage yourself, and getting advice from a licensed Texas insurance agent can provide comfort knowing your policy gives you suitable coverage if you ever need to use it. To locate a Laredo car insurance agency by location nearest to you, click the button below the list or click here to compare price quotes now.

J and E Insurance
1701 S Malinche AveLaredo, TX 78046(956) 791-1633

Farmers Insurance – Robert Rogers
6410 McPherson Rd Suite 2Laredo, TX 78041(956) 724-1038

Fred Loya Insurance
618 W Calton RdLaredo, TX 78041(956) 723-4414

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