It’s impossible to miss the captivating ads from insurers like Liberty Mutual, Allstate, and State Farm that claim huge savings. So you just need to choose one randomly, right?
It’s not that simple, unfortunately, as there are a whole slew of unknown elements such as the vehicle you drive, what deductibles you want to use, whether you just need liability insurance, and if you are married or single, that all help calculate your car insurance rates. This article will discuss the best ways to avoid overpriced car insurance and should give you a good beginning to your quest for cheaper car insurance.
Finding low-priced car insurance is not most people’s favorite thing to do, and determining which company has the most affordable car insurance rates for hybrid vehicles takes even more perseverance.
Each auto insurer has their own guidelines for filing rates in each state, so let’s take a look at the overall cheapest car insurance companies in Laredo. It’s important to know that Laredo, TX car insurance rates are impacted by many factors which can substantially change the price you have to pay for coverage. That is why it is important to compare many different companies when trying to find the most affordable insurance quotes for hybrid vehicles. Insurance rates consist of many things and can change substantially, so the best option the last time you checked may now be one of the higher cost companies.
Find the Cheapest Car Insurance for Hybrids
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,128 |
| 3 | Germania Mutual | $1,244 |
| 4 | Texas Farm Bureau | $1,247 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,382 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,461 |
| 9 | Safe Auto | $1,565 |
| 10 | Nationwide | $1,585 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,667 |
| 13 | Amica | $1,757 |
| 14 | GEICO | $2,135 |
| 15 | Home State | $2,155 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,672 |
| Find Your Rate Go | ||
Travelers has some of the most affordable car insurance rates in Laredo at around $1,010 per year. USAA, Germania Mutual, Texas Farm Bureau, and Esurance are also some of the more affordable Laredo, TX car insurance companies.
As the rates illustrate above, if you are insured with Texas Farm Bureau and switched to Travelers, you might see yearly savings of around $237. Texas drivers with Esurance may save as much as $355 a year, and California Casualty customers might realize rate reductions of up to $372 a year.
Bear in mind that those prices are averages across all insureds and vehicles and and are not figured with a specific zip code for hybrid vehicles. So the car insurance company that fits your situation best may not even be in the top 23 companies shown above. That underscores the importance of why you need to get quotes using your own driver information and specific vehicle type.
The type of vehicle requiring coverage is one of the largest factors in finding the most affordable insurance for hybrid vehicles. Vehicles with economical engines, a plethora of safety features, or low incidents of liability claims will cost much less to insure than fast, unsafe models. The next table illustrates car insurance premiums for some of the most cost-effective vehicles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $1,405 |
| Ford Escape XLS 4WD | $1,410 |
| Honda CR-V EX-L 2WD | $1,440 |
| Volkswagen Jetta 2.0T Station Wagon | $1,458 |
| Chevrolet Impala LT | $1,470 |
| Dodge Grand Caravan Hero | $1,477 |
| Toyota RAV4 Sport 2WD | $1,470 |
| Nissan Altima 2.5 4-Dr Sedan | $1,475 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,490 |
| Toyota Prius | $1,515 |
| Ford Fusion SE 4-Dr Sedan | $1,578 |
| Ford Explorer XLT 4WD | $1,586 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,578 |
| Toyota Corolla XRS | $1,587 |
| Ford Edge SEL AWD | $1,581 |
| Ford F-150 Lariat Crew Cab Harley 4WD | $1,606 |
| Ford Focus S 4-Dr Sedan | $1,621 |
| Chevrolet Equinox LT AWD | $1,656 |
| Chevrolet Malibu Hybrid | $1,663 |
| Toyota Camry Hybrid | $1,684 |
| Start a Quote Go | |
Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in vehicle garaging location which can decrease or increase prices noticeably.
Looking at the data, vehicles like the Honda Accord, Ford Escape, and Honda CR-V will be some of the cheaper vehicles to insure for hybrids.
One of the many things that determine auto insurance rates is where you call home in Laredo. More densely populated places tend to have higher rates, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.
The information below shows the highest-priced areas in Texas for hybrid vehicles to purchase auto insurance in. Laredo makes the list at #6 with the annual price of $1,833 for the average policy, which is about $153 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Brownsville | $1,927 |
| 3 | Houston | $1,891 |
| 4 | Amarillo | $1,858 |
| 5 | Dallas | $1,855 |
| 6 | Laredo | $1,833 |
| 7 | Pasadena | $1,812 |
| 8 | Mesquite | $1,807 |
| 9 | Garland | $1,796 |
| 10 | Irving | $1,772 |
| 11 | Beaumont | $1,772 |
| 12 | Grand Prairie | $1,740 |
| 13 | Arlington | $1,692 |
| 14 | Lubbock | $1,682 |
| 15 | San Antonio | $1,671 |
| 16 | Corpus Christi | $1,636 |
| 17 | Austin | $1,627 |
| 18 | Plano | $1,624 |
| 19 | Fort Worth | $1,621 |
| 20 | Carrollton | $1,615 |
| Start a Quote Go | ||
Annual rates are comparative as specific Laredo garaging address can change insurance rates substantially.
How accidents and violations affect rates in Laredo
The best way to get the best car insurance prices for hybrids is to drive carefully and not receive tickets or have accidents. The illustration below highlights how traffic violations and at-fault claims drive up insurance premiums for each different age category. The information is based on a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
In the example above, the average cost of an auto insurance policy in Laredo per year with no accidents and a clean driving record is $2,974. Add in two speeding tickets and the average cost swells to $3,953, an increase of $979 each year. Then add in two accidents along with the two speeding tickets and the annual cost of car insurance for hybrid vehicles jumps again to an average of $7,404. That’s an increase of $4,430, or $369 per month, just for not being a responsible driver!
Which car insurance company is best in Texas?
Choosing the best auto insurance provider can be difficult considering how many companies there are in Laredo. The company information in the next section can help you select which auto insurance companies to look at purchasing coverage from.
The ratings below are only made up of the largest companies in America, so smaller companies that only insure vehicles in Texas will not be included in this list. To check prices from these and other companies in Texas, just click here.
Top 10 Large Auto Insurance Companies in Laredo Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Your low-price policy may be costing you money
Laredo car insurance rates are calculated based on many things that will increase or decrease the cost of coverage. Simply getting older, moving to a different location, or having a fender bender can cause premium changes that can make some companies cheaper than competitors. Not only may your situation change, but auto insurance companies amend premium rates as needed as an adjustment for underwriting gains or losses. Heavy losses can cause increased policy costs, while less frequent claims can result in more affordable Laredo car insurance rates.
To illustrate this point, the graph below shows the company with the cheapest car insurance in Laredo, TX for a 40-year-old male driver with no prior accidents, a clean driving record, and excellent credit. When quoting prices based on his personal profile, Travelers may offer the cheapest car insurance rates in Laredo at $1,283 annually. This is $621 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest Laredo, TX auto insurance companies.
The chart below compares rates after we give the driver from the first rate comparison an accident claim, a lower credit score, and a few traffic violations. Since every insurance provider has their own process to establish rates, comparing prices could result in a significantly different list of the cheapest Laredo car insurance companies as shown below.
Mercury now has the best price in Laredo, TX with State Farm, USAA, Safe Auto, and Nationwide also being competitive. This shows why Texas drivers need to do a thorough rate comparison to find cheap insurance quotes for hybrid vehicles. Car insurance prices can be altered by many factors and change dramatically, so the best price three years ago may now not even be in the top five.