Who Has the Cheapest Auto Insurance Rates for Government Employees in Laredo?

The words “economical” and “auto insurance” really shouldn’t be used in the same sentence, specifically when you are looking for the cheapest car insurance for government employees. To save some money, let’s start the ball rolling by going over a few of the things that significantly impact auto insurance rates, and figure out some ideas to lower the cost of the next policy you buy.

Deciding which companies quote the best insurance rates for government employees involves a little more effort in order to find the most economical policy. Every insurance provider has their own guidelines for determining rates in each state, so let’s take a look at the most budget-friendly insurance companies in Laredo, TX.

It’s a good idea to know that Texas insurance rates are calculated based on many things that control the price you pay. Simply turning a year older, having a teenage driver, or having an at-fault accident can produce rate changes that can cause some rates to be affordable when they were higher priced.

Lowest Insurance Price Quotes in Texas

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Who has the cheapest car insurance in Texas?
Rank Company Cost Per Year
1 Travelers $1,052
2 USAA $1,128
3 Texas Farm Bureau $1,211
4 Germania Mutual $1,294
5 Esurance $1,379
6 California Casualty $1,424
7 State Farm $1,495
8 Mercury $1,521
9 Safe Auto $1,565
10 Nationwide $1,600
11 Progressive $1,664
12 Allstate $1,667
13 Amica $1,705
14 Home State $2,071
15 GEICO $2,156
16 MetLife $2,161
17 Encompass $2,232
18 Unitrin $2,241
19 21st Century $2,421
20 Titan $2,594
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Travelers offers some of the best car insurance rates in Laredo at around $1,052 each year. This is $852 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the best Laredo, TX insurance companies.

As illustrated above, if you are insured with Germania Mutual and switched to Travelers, you might achieve an annual savings of in the vicinity of $242. Texas drivers with Esurance could save as much as $327 a year, and California Casualty policyholders might see rate reductions of $372 a year.

Be aware that those policy rates are averages across all types of insureds and vehicles and and are not calculated with a specific vehicle garaging location for government employees. So the insurer that fits your situation best may not even be in the list above. That point stresses why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

The vehicle you are trying to insure is one of the primary factors when comparing the lowest-priced coverage for government employees. Vehicles with higher performance, a lack of advanced safety features, or a high likelihood of having liability claims will cost more to insure than safer models.

The information below illustrates car insurance premiums for a handful of the most affordable vehicles to buy coverage for.

Cheapest Vehicles to Insure in Laredo, TX
Make, Model, and Trim Level Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $1,276
Ford Escape XLT 4WD $1,305
Honda CR-V EX-L 2WD $1,310
Honda Accord LX 4-Dr Sedan $1,464
Chevrolet Impala LS $1,479
Toyota RAV4 Limited 4WD $1,507
Chevrolet Equinox LS 2WD $1,513
Ford Explorer Limited 2WD $1,535
Toyota Tacoma Double Cab 4WD $1,544
Honda Civic LX-S 4-Dr Sedan $1,558
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,566
Toyota Corolla LE $1,587
Ford Edge Limited 2WD $1,694
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Estimates do not factor in zip code location which can impact insurance rates considerably.

By looking at the data, cars like the Hyundai Elantra, Ford Escape, and Honda CR-V are most likely to be a few of the less-costly vehicles to insure for state and federal workers.

The diagram below illustrates how choosing a deductible can change insurance costs when trying to find cheap insurance for government employees. The information is based on a married male driver, comp and collision included, and no discounts are taken into consideration.

The chart above illustrates that a 40-year-old driver could lower their policy premium by $264 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $402 by changing to a $1,000 deductible. Young drivers, like the 20-year-old category, could save $884 or even more just by choosing higher deductibles when buying full coverage. When using a larger deductible, it will now be necessary to have enough in a savings account to allow you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Safe drivers pay cheaper rates

One of the best ways to score low insurance premiums for state and federal workers is to drive attentively and avoid getting tickets or having accidents. The illustration below illustrates how violations and accident claims can impact insurance premiums for each age group. The data is based on a married female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

The chart shows that the average cost of an auto insurance policy in Laredo per year with no violations or accidents is $1,225. Factor in two speeding tickets and the average cost rises to $1,730, an increase of $505 each year. Now add one accident along with the two speeding tickets and the annual cost of insurance for government employees jumps again to an average of $2,244. That’s an increase of $1,019, or $85 per month, just for not maintaining a clean driving record!

Why you are probably overpaying for car insurance

Laredo, TX insurance rates are determined by lots of factors which can substantially decrease or increase the cost of having a policy. Simply having a birthday, getting divorced, or having an accident may generate price changes resulting in some rates now being much cheaper than others. Not only may your risk profile change, but auto insurance companies change their prices as needed to help ensure profitability. Significantly higher claims can cause price increases, while a better loss history may result in lower-priced Laredo car insurance rates.

To illustrate this point, the bar chart below shows the company with the cheapest car insurance in Laredo, TX for a 30-year-old female driver with a clear driving record, no claims, and great credit. When quoting prices based on her current risk factors, Travelers may have the most affordable car insurance rates in Laredo at $1,295 per year. This is $609 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the cheapest Laredo, TX auto insurance companies.

Now let’s give the driver in the first chart a couple of claims, bad credit, and a few blemishes on her driving record. Due to the fact that each insurance company has a unique approach to set policy rates, comparing insurance quotes most likely will result in a substantially altered list of the cheapest Laredo car insurance companies as shown below.

Mercury now has the best price in Laredo, TX with State Farm, USAA, Nationwide, and Safe Auto now being in the top five. This example illustrates why consumers need to take the time to take the time to shop around when trying to find the best auto insurance quotes for government employees.

Car insurance prices consist of many things and change frequently, so the lowest-price company the last time you checked may now cost much more than other companies.