Who Has the Cheapest Auto Insurance for Drivers Over Age 60 in Laredo?

For older drivers, one of the more important things that help determine the cost of insurance is where you keep your car. Areas with high crime rates or more dense population tend to have higher rates, whereas areas with less congestion can boast about having cheaper rates.

The illustration below ranks the highest-priced places in Texas for drivers over age 60 in which to purchase auto insurance. Laredo is ranked at #3 having an annual price of $1,889 for the average insured, which is around $157 monthly.

Car insurance prices in Laredo
Rank City Annual Rate
1 McAllen $1,996
2 Brownsville $1,927
3 Laredo $1,889
4 Dallas $1,855
5 Houston $1,853
6 Garland $1,832
7 Grand Prairie $1,811
8 Amarillo $1,804
9 Beaumont $1,772
10 Pasadena $1,758
11 Mesquite $1,753
12 San Antonio $1,739
13 Irving $1,736
14 Lubbock $1,716
15 Arlington $1,692
16 Austin $1,676
17 Fort Worth $1,670
18 Carrollton $1,647
19 McKinney $1,625
20 Plano $1,608
21 El Paso $1,584
22 Corpus Christi $1,572
23 Waco $1,569
24 Killeen $1,533
25 Abilene $1,515
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Rates are comparative as the specific geographic location can raise or lower rates noticeably.

Determining which company offers the cheapest insurance rates for drivers over age 60 may require a bit more effort in order to find coverage that fits your budget. Each auto insurer uses different criteria for determining rates, so let’s examine the lowest cost insurance companies in Texas.

It’s important that readers know that Texas insurance rates are calculated based on many things that may substantially change the cost of having a policy. Improving your credit rating, getting married, or getting a DUI may prompt premium changes that can now make some companies cheaper in comparison to the competition.

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Rankings for the cheapest Texas auto insurance companies
Rank Company Cost Per Year
1 Travelers $1,010
2 USAA $1,095
3 Texas Farm Bureau $1,199
4 Germania Mutual $1,256
5 Esurance $1,365
6 California Casualty $1,382
7 State Farm $1,450
8 Mercury $1,476
9 Nationwide $1,538
10 Safe Auto $1,613
11 Progressive $1,647
12 Allstate $1,667
13 Amica $1,705
14 GEICO $2,072
15 Home State $2,092
16 MetLife $2,161
17 Unitrin $2,241
18 Encompass $2,301
19 21st Century $2,396
20 Titan $2,568
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Travelers generally has some of the lowest car insurance rates in Laredo at around $1,010 annually. This is $894 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the best Laredo, TX insurance companies.

As the example above demonstrates, if you have coverage with Germania Mutual and switched to Travelers, you could realize yearly savings of upwards of $246. Texas drivers with Esurance could save as much as $355 a year, and California Casualty customers might realize rate reductions of up to $372 a year.

To find the cheapest rates for your vehicle, click here to start your free quote or visit any of the companies below.

It’s important to note that these estimates are averaged for all insureds and vehicles and and are not figured with a specific location for drivers over age 60. So the car insurance company that can offer the best rates for your situation may not even be in the top 23 companies in the list above. That’s why you need to compare as many prices as possible using your own specific driver information and vehicle.

The vehicle model requiring insurance is one of the primary factors that determines the availability of affordable insurance for drivers over age 60. Vehicles with average performance, good crash test ratings, or a low likelihood of having liability claims will cost quite a bit less to insure than high performance models.

The table below presents coverage rates for a number of the cheaper automobiles to insure in Texas.

Cheapest Vehicles to Insure in Laredo, TX
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLS 2WD $1,159
Honda Accord LX-P 4-Dr Sedan $1,169
Honda CR-V EX-L 2WD $1,184
Toyota Prius $1,281
Ford Explorer XLT 2WD $1,301
Honda Odyssey EX $1,348
Chevrolet Impala LS $1,355
Volkswagen Jetta SE 2.5 Station Wagon $1,356
Toyota RAV4 Sport 2WD $1,373
Chevrolet Equinox LS 2WD $1,378
Chevrolet Malibu LS $1,373
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,398
Ford F-150 SVT Raptor Super Cab 4WD $1,406
Dodge Grand Caravan SXT $1,398
Jeep Wrangler Unlimited Sport 4WD 4-Dr $1,423
Ford Focus SES 4-Dr Sedan $1,430
Hyundai Elantra GLS 4-Dr Sedan $1,448
Ford Edge Sport AWD $1,458
GMC Sierra SLT Crew Cab 2WD $1,473
Chevrolet Silverado 2500HD LT Crew Cab 4WD $1,483
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Price data assumes single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rates do not factor in specific garaging location which can impact rates significantly.

Based upon the table data, you can assume that makes and models like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius are most likely going to be the most budget-friendly vehicles to insure for older drivers.

Irresponsible driving raises your rates

The common sense way to find the cheapest insurance prices in Texas for older drivers is to pay attention while driving and not get tickets or have accidents. The example below illustrates how speeding tickets and at-fault fender-benders can increase insurance prices for each different age category. The price estimates are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are factored in.

The data above shows the average cost of an auto insurance policy in Texas per year with no violations or accidents is $2,067. Add in two speeding tickets and the average cost jumps to $2,783, an increase of $715 each year. Now include one accident along with the two speeding tickets and the yearly cost of insurance for drivers over age 60 increases to an average of $3,498. That’s an increase of $1,431, or $119 per month, just for not paying attention while driving!

The example below illustrates how your choice of deductibles can change annual premium costs when searching for cheap insurance for drivers over age 60. The data is based on a married female driver, comp and collision included, and no policy discounts are applied.

A 40-year-old driver could pocket $260 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $394 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old chart data, have the ability to save as much as $646 each year just by choosing higher deductibles when buying full coverage. When raising deductibles, it’s a good idea to have additional funds in a savings account to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Get discounts on Laredo auto insurance

Insurance for older drivers in Laredo, TXInsurance companies that sell policies for drivers over age 60 may also give you special discounts that could potentially reduce rates by 25% or more if you qualify for them. The best insurance companies and some of the discounts can be found below.

The illustration below shows the comparison of car insurance costs with and without policy discounts. The information is based on a female driver, no claims, a clean driving record, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with vehicle safety, accident-free, multiple vehicle, marriage, passive restraint, and anti-theft discounts applied. In this example, the average amount saved each year on insurance for drivers over age 60 is 29% or $757.

How to find economical auto insurance for drivers over age 60

Lowering your rates is not difficult, and here are some of the recommended penny-pinching ideas that can help you quote low-cost coverage.

The last suggestion is remarkably important, as was discussed in the prior information. Rates go up and down frequently, so don’t be hesitant to change insurance companies if a cheaper price is available.

Loyalty to a specific company is fine, but we do not recommend it if that devotion results in you overpaying thousands of dollars over the life of your policy. It only take a few minutes to compare prices and find cheaper car insurance for drivers over age 60 in Laredo.

The professional agents shown below can help you make a decision which coverage fits your budget, as some people prefer to have some advice when shopping for the best coverage for drivers over age 60. It can be hard to find the cheapest car insurance policy, and getting advice from a licensed Texas insurance agent can bring satisfaction knowing you have adequate coverage when you need it most. To locate an agency close to you, click the button following the list.

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