If you want to save the most money, the best way to find discount auto insurance rates is to start doing a yearly price comparison from companies who provide car insurance in Laredo.
- Step 1: Try to learn a little about car insurance and the factors you can control to drop your rates. Many risk factors that result in higher rates like accidents, careless driving, and poor credit history can be controlled by paying attention to minor details.
- Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like GEICO and State Farm, while agents who are independent can provide price quotes for a wide range of insurance providers. View rates
- Step 3: Compare the new rates to your existing rates and determine if there is any savings. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Give notification to your agent or company of your intention to cancel your current policy and submit a down payment along with a signed application to the newly selected company. Once the application is submitted, place the new proof of insurance certificate in your glove compartment.
One bit of advice is to compare identical coverages on every quote request and to quote with as many companies as feasibly possible. This provides an accurate price comparison and the best price selection.
Inconceivable but true, almost 70% of insureds in Texas have been with the same company for four years or more, and virtually 40% of consumers have never quoted rates to find lower-cost coverage. Many drivers in the U.S. can cut their rates by nearly $860 a year just by shopping around, but most tend to underestimate how much money they would save if they just switched companies.
Choosing the best rates in Laredo is really quite easy. If you’re already insured or just want a better rate, follow these tips to reduce premiums while maximizing coverage. Smart shoppers just need to learn the proper way to find the lowest price from many companies at once.
The companies in the list below are ready to provide quotes in Texas. If your goal is to find cheap car insurance in Texas, we suggest you click on several of them to get a more complete price comparison.
Insurance rate breakdown
The data table displayed next showcases estimates of insurance rates for Chevy City Express models. Knowing how policy premiums are figured can be useful when making decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|City Express Cargo 2500 2WD||$286||$486||$382||$22||$114||$1,290||$108|
|City Express Cargo 1500 2WD||$286||$592||$382||$22||$114||$1,396||$116|
|City Express Cargo 3500 2WD||$328||$592||$382||$22||$114||$1,438||$120|
|City Express 2500 LT 2WD||$328||$592||$382||$22||$114||$1,438||$120|
|City Express 2500 2WD||$328||$592||$382||$22||$114||$1,438||$120|
|City Express 2500 LS 2WD||$328||$592||$382||$22||$114||$1,438||$120|
|City Express 3500 2WD||$328||$592||$382||$22||$114||$1,438||$120|
|City Express Cargo 1500 AWD||$328||$592||$382||$22||$114||$1,438||$120|
|City Express 1500 LS 2WD||$328||$592||$382||$22||$114||$1,438||$120|
|City Express 1500 LS AWD||$328||$698||$382||$22||$114||$1,544||$129|
|City Express 1500 AWD||$328||$698||$382||$22||$114||$1,544||$129|
|City Express 1500 LT 2WD||$328||$698||$382||$22||$114||$1,544||$129|
|City Express Cargo 1500 Turbo Diesel 2WD||$328||$698||$382||$22||$114||$1,544||$129|
|City Express Cargo 2500 Turbo Diesel 2WD||$370||$698||$382||$22||$114||$1,586||$132|
|City Express 3500 LT 2WD||$370||$698||$382||$22||$114||$1,586||$132|
|City Express 3500 LS 2WD||$370||$698||$382||$22||$114||$1,586||$132|
|City Express 3500 2WD||$370||$698||$382||$22||$114||$1,586||$132|
|City Express 1500 LT AWD||$370||$698||$382||$22||$114||$1,586||$132|
|City Express Cargo 3500 Turbo Diesel 2WD||$370||$698||$382||$22||$114||$1,586||$132|
|City Express Cargo 1500 Turbo Diesel AWD||$370||$698||$382||$22||$114||$1,586||$132|
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in Laredo location which can influence coverage prices greatly.
Premiums by gender and age
The illustration below illustrates the comparison of Chevy City Express insurance rates for male and female drivers. The premiums are based on no accidents, no driving violations, full coverage, $500 deductibles, single status, and no discounts are applied.
Difference between liability only and full coverage rates
The example below compares Chevy City Express insurance costs with full coverage and liability only. The data assumes no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
When to switch to liability coverage only
There is no definitive guideline that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s say your Chevy City Express replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $2,000 after the policy deductible has been paid. If it’s costing you more than $200 a year for full coverage, then you might consider buying liability only.
There are some situations where removing full coverage is not advised. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Informed Drivers Know How to Quote Insurance Cheaper
Consumers need to have an understanding of the different types of things that come into play when calculating your insurance rates. If you have a feel for what impacts premium levels, this helps enable you to make changes that will entitle you to cheaper rates.
Certain jobs pay higher rates – Jobs such as judges, airline pilots, and financial analysts have the highest rates because of intense work requirements and lots of time spent at work. On the other hand, professions such as actors, students and the unemployed pay the least.
Bad drivers pay high rates – Having just one driving citation can increase the cost of insurance by twenty percent. Drivers with clean records pay less for auto insurance than their less careful counterparts. Drivers who have severe citations such as DUI or reckless driving may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.
The example below demonstrates how traffic citations and fender-benders can affect Chevy City Express car insurance rates for different age categories. The price estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
Continuous insurance coverage lowers premiums – Having an insurance coverage lapse will be a fast way to trigger a rate increase. And not only will your rates increase, getting caught without coverage could earn you a license revocation or jail time.
Prices are impacted by vehicle performance – The performance of the car or truck you need insurance for makes a significant difference in your car insurance bill. Economy passenger vehicles receive the most favorable rates, but the final cost of insurance is determined by many other factors.
The next chart uses these assumptions: single male driver age 30, full coverage with $250 deductibles, and no discounts or violations. It illustrates Chevrolet City Express rates compared to other models that have a range of performances.
Teenagers vs. mature drivers – Older, more experienced drivers have been proven to be more responsible, are lower risk to insure, and receive fewer citations. Young drivers are known to get distracted easily in a vehicle therefore insurance rates are much higher.
The following data uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
Where you call home can modify premiums – Residing in areas with lower population can save you money when shopping for auto insurance. Fewer drivers on the road means less chance of accidents as well as less vandalism and auto theft. City drivers have to deal with more aggressive driving styles and a longer drive to work. Longer commute distances means more chances of being involved in an auto accident.
Insurance does more than just repair your car
Despite the high cost, buying insurance is most likely required but also gives you several important benefits.
- Almost all states have minimum mandated liability insurance limits which means you are required to carry specific limits of liability in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Chevy City Express has a loan, more than likely the lender will force you to buy full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank may insure your Chevy at an extremely high rate and force you to pay the higher price.
- Insurance protects not only your car but also your assets. It will also provide coverage for medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses in the event you are sued. If mother nature or an accident damages your car, your policy will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance definitely exceed the cost, particularly for liability claims. But the average driver in Texas overpays as much as $830 a year so it’s important to compare rates at every policy renewal to save money.
Best auto insurance company in Laredo
Ending up with a highly-rated insurance company is difficult considering how many companies there are to choose from in Laredo. The rank data in the next section may help you decide which companies to look at buying from.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies