The car, truck, or SUV you are insuring is probably the largest consideration when comparing quotes for cheaper car insurance for immigrants. Vehicles with limited top-end speed, an excellent safety record, or a track record of few liability claims will cost quite a bit less to insure than higher performance models.
The next table ranks insurance prices for the most economical automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,174|
|Ford Escape XLS 2WD||$1,256|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,258|
|Ford Explorer XLT AWD||$1,285|
|Hyundai Elantra GLS Touring Station Wagon||$1,297|
|Ford F-150 XL Regular Cab 2WD||$1,355|
|GMC Sierra SLE Crew Cab 2WD||$1,357|
|Dodge Ram Quad Cab ST 2WD||$1,384|
|Dodge Grand Caravan Crew||$1,391|
|Ford Edge Sport 2WD||$1,432|
|Honda Odyssey EX-L W/Navigation||$1,441|
|Nissan Rogue S 2WD||$1,456|
|Hyundai Sonata GLS 4-Dr Sedan||$1,465|
|Toyota Corolla XRS||$1,459|
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Cost estimates assume 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-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in specific location information which can increase or decrease coverage rates substantially.
By looking at the data, vehicles like the Honda CR-V, Ford Escape, and Jeep Wrangler are most likely to be the most economical vehicles to insure for foreigners.
For foreigners, one of the more important things that help determine the cost of insurance is where your residence is in Laredo. More populated areas tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims benefit from lower rates.
The next table sorts the highest-priced areas in Texas for immigrants to purchase a policy in. Laredo ranks #4 with a yearly premium of $1,907 for the average policy, which is around $159 monthly.
|Rank||City||Average Per Year|
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Prices are estimated as the specific zip code location can increase or decrease coverage prices significantly.
Insurance rate increases from tickets or accidents
The ideal way to earn the best insurance premiums for foreigners is to be an attentive driver and avoid accidents and keep your driving record clean. The example below illustrates how violations and at-fault collisions can impact insurance costs for different insured age categories. The data is based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of auto insurance in Texas per year with no violations or accidents is $2,431. Add in two speeding tickets and the average cost increases to $3,216, an increase of $785 each year. Now add one accident along with the two speeding tickets and the yearly cost of insurance for immigrants jumps again to an average of $4,009. That’s an increase of $1,578, or $132 per month, just for being a little careless behind the wheel!
The diagram below highlights how deductible choice can change annual premium costs when quoting cheap insurance for immigrants. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no discounts are applied.
The chart above illustrates that a 40-year-old driver could cut expenses by $302 a year by increasing from a $100 deductible up to a $500 deductible, or save $456 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 category, can cut as much as $766 annually by using higher deductibles when buying full coverage.
When raising deductibles, it will now be necessary to have enough spare savings to satisfy the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
If you have questions and prefer to have professional advice when comparing insurance rates for foreigners, the agencies below can help you make a decision which auto insurance policy fits you best. To find an agent close to where you live, click the button link following the list or click here to compare rates now.
- FalconSure Insurance Agency
7718 McPherson Rd #3 – Laredo, TX 78045 – (956) 794-9700
- Kike Trevino – State Farm Insurance
517 Shiloh Dr #4 – Laredo, TX 78045 – (956) 791-5453
- Amco Insurance
505 Lafayette St – Laredo, TX 78041 – (956) 722-5300
Tips for finding more affordable car insurance for immigrants
The list below details some of the recommended money-saving ideas that can help Laredo drivers get cheaper car insurance.
- Lower rates by purchasing a safer vehicle
- Good credit can help you save money
- Drive safely
- Remain accident-free and save
- Increase your deductibles
- Keep rates low by comparing prices once a year
That last tip is incredibly critical, as we hit on in this article. Prices charged by companies in Laredo fluctuate constantly, so don’t be unwilling to switch carriers if a more affordable rate is found.
Staying with the same company for years is fine, but it’s not a good idea if that stubbornness costs you a lot of money. It only take a few minutes to shop around to find cheaper car insurance for immigrants.