Ideally, we could simply tell you the one company that has the most affordable coverage in Texas. Unfortunately, it’s not that simple as there are a whole bunch of unknown factors like if full coverage is needed, if you currently have coverage, the vehicle you drive, and your date of birth, that all factor into the price you pay. This article delves into the best ways to find cheap auto insurance and will hopefully give you some help in finding cheaper rates.
Deciding which company offers the most affordable auto insurance rates for a learners permit will involve more time than just quoting one company’s rates. Each insurance company uses their own calculation for setting rates, so let’s look at the rankings for the auto insurance companies with the most affordable rates in Laredo, TX.
It’s a good idea to be aware that Laredo auto insurance rates are impacted by many factors which can significantly increase or decrease the cost of coverage. Turning one year older, moving to a different location, or getting a few speeding tickets can cause premium changes that can cause some rates to be more affordable than competitors.
Find the Cheapest Auto Insurance in Texas
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,244 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,382 |
| 7 | Mercury | $1,506 |
| 8 | State Farm | $1,510 |
| 9 | Safe Auto | $1,597 |
| 10 | Nationwide | $1,600 |
| 11 | Progressive | $1,698 |
| 12 | Allstate | $1,701 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,093 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,241 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,568 |
| Find Cheaper Rates Go | ||
Travelers generally has some of the best car insurance rates in Laredo at around $1,021 per year. This is $883 less than the average 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 most economical Laredo, TX auto insurance companies.
As depicted above, if you currently have a policy with Germania Mutual and switched to Travelers, you could realize savings of in the vicinity of $223. Texas drivers with Esurance could save as much as $344 a year, and California Casualty insureds might see rate reductions of $361 a year.
Be aware that those prices are averages for all drivers and vehicles in Texas and and are not calculated with a specific zip code for a learners permit. So the car insurance company that fits your needs best may not even be in the top 23 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.
For new drivers, one of the big considerations that are used to help calculate car insurance rates is where you live in Laredo. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas more rural areas benefit from lower rates.
The following table rates the highest-priced areas in Texas for a learners permit to buy car insurance in. Laredo ranks #5 with the yearly price of $1,833 for the average insurance policy, which is approximately $153 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Brownsville | $1,908 |
| 3 | Dallas | $1,893 |
| 4 | Houston | $1,891 |
| 5 | Laredo | $1,833 |
| 6 | Pasadena | $1,794 |
| 7 | Grand Prairie | $1,793 |
| 8 | Amarillo | $1,786 |
| 9 | Garland | $1,778 |
| 10 | Beaumont | $1,754 |
| 11 | Mesquite | $1,753 |
| 12 | San Antonio | $1,739 |
| 13 | Irving | $1,736 |
| 14 | Lubbock | $1,682 |
| 15 | Carrollton | $1,664 |
| 16 | Arlington | $1,658 |
| 17 | Fort Worth | $1,653 |
| 18 | El Paso | $1,632 |
| 19 | Austin | $1,627 |
| 20 | Corpus Christi | $1,588 |
| Start a Quote Go | ||
Table data uses approximated as the vehicle garaging location can lower or raise insurance rates greatly.
The car, truck, or SUV that needs insurance is probably the biggest factor when quoting economical auto insurance for a learners permit. Vehicles with average performance, an excellent safety record, or a low likelihood of having liability claims will cost much less to insure than higher performance models. The next table illustrates coverage rates for some of the most budget-friendly automobiles to insure in Texas.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $4,459 |
| Honda CR-V EX-L 2WD | $4,501 |
| Ford Escape XLT 4WD | $4,507 |
| Ford F-150 XL Regular Cab 2WD | $4,681 |
| Toyota Prius | $4,828 |
| Dodge Grand Caravan CV | $5,005 |
| Ford Explorer XLT 2WD | $5,010 |
| Honda Odyssey EX W/Rear Entertainment | $5,244 |
| Toyota RAV4 Sport 2WD | $5,287 |
| GMC Sierra SL Extended Cab 2WD | $5,292 |
| Chevrolet Impala LT | $5,287 |
| Chevrolet Equinox LT 2WD | $5,293 |
| Jeep Grand Cherokee Laredo 4WD | $5,287 |
| Compare Rates Now Go | |
Data rating is based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific location information which can modify coverage prices significantly.
Based upon the rates shown, models like the Honda Accord, Honda CR-V, Ford Escape, and Ford F-150 are most likely to be some of the most budget-friendly vehicles to insure for new drivers. Auto insurance rates will be more costly just because there is a higher risk for a learners permit, but generally speaking those specific models will most likely have the cheapest rates that you are likely to find.
Buying coverage from a highly-rated insurance provider can be rather challenging considering how many companies there are in Texas. The company ratings shown below could help you analyze which car insurance companies you want to consider comparing rate quotes with. The rankings below only include companies with a nationwide focus, so companies without a large exposure are not factored into these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Does full coverage make sense?
Reducing the cost of auto insurance is the goal of the majority of vehicle owners, and one of the quickest ways to pay less for insurance for a learners permit is to not buy comprehensive and collision coverage. The chart below shows the comparison of auto insurance rates with and without physical damage coverage. The rate quotes are based on no violations or accidents, $100 deductibles, single status, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, physical damage coverage costs $2,429 per year more than buying just liability insurance. Lot’s of drivers question when is the right time to remove full coverage. There is no clear-cut rule to exclude physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your vehicle’s claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after the policy deductible has been paid. If you are paying in excess of $700 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
The agents below are a good start to provide answers to your questions and help you determine which coverages and limits you need, as some drivers aren’t sure which coverage they need and prefer to have a professional recommendation when comparing insurance rates for new drivers. It can be challenging to find the cheapest rates, and getting professional guidance from a licensed agent can give you satisfaction knowing your policy gives you sufficient coverage at claim time. To locate a Laredo insurance agent by location nearest to you, click the button below the list.
- SafeGuard Insurance Agency
104 E Calton Rd Ste 101 – Laredo, TX 78041 – (888) 552-4368 - Laurel Insurance
4519 San Bernardo Ave – Laredo, TX 78041 – (956) 723-3785 - All Around Insurance Agency, LLC
3401 N Arkansas Ave – Laredo, TX 78043 – (956) 712-1255 - Luis Estrada – State Farm Insurance Agent
3660 E Del Mar Blvd #9 – Laredo, TX 78041 – (956) 568-8013 - Cavazos Insurance Agency
2107 San Bernardo Ave – Laredo, TX 78040 – (956) 723-4623
View more Laredo, TX insurance agents
How to find more affordable auto insurance for a learners permit
The list below details some thrifty ideas that can help Texas drivers quote cheaper coverage.
- Pay cheaper rates with good credit scores
- Vehicles with safetly features generally cost less to insure
- Do not get traffic violations
- Do not get into accidents that are your fault
- Higher comprehensive and collision coverage deductibles will save money
- Shop around for cheaper prices often
The final tip is highly critical, as we stressed in the prior information. Insurance prices in Laredo can change considerably based on profitability, so you should be ready to switch to a new company if you find a better deal.
Having brand loyalty is commendable, but it’s not a great idea if that devotion results in you overpaying lots of money. It only take a few minutes to compare rates and find cheaper car insurance for a learners permit.