It takes a little time, but the best way to find affordable car insurance rates in Laredo is to compare prices regularly from companies that insure vehicles in Texas.
Step 1: Take a few minutes and learn about how insurance works and the steps you can take to prevent expensive coverage. Many rating criteria that result in higher prices like accidents, careless driving, and poor credit rating can be amended by paying attention to minor details. Read the full article for more ideas to help reduce premium rates and get discounts that may be overlooked.
Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like GEICO and Allstate, while agents who are independent can provide price quotes for a wide range of companies. Select a company
Step 3: Compare the new rate quotes to your current policy premium and determine if there is any savings. If you can save money and switch companies, make sure coverage does not lapse between policies.
Step 4: Notify your agent or company to cancel your current auto insurance policy and submit a completed application and payment for the new coverage. Once the application is submitted, put the new proof of insurance paperwork with the vehicle registration.
One key aspect of rate comparisons is to try to use identical limits and deductibles on every price quote and and to get prices from every insurance company. This ensures a level playing field and a complete price analysis.
It’s hard to believe, but 70% of consumers renewed their policy with the same company for a minimum of four years, and almost 40% of drivers have never compared quotes from other companies. With the average premium in Texas being $2,700, drivers can save hundreds of dollars each year, but most tend to underestimate how much savings they would realize if they swap their current policy for a cheaper one.
Pricing affordable auto insurance in Laredo is simple if you know the tricks. If you already have coverage or just want cheaper coverage, take advantage of these tips to buy cheaper auto insurance and still get good coverage. You just have to know the most efficient way to compare prices online.
Most companies such as 21st Century, Allstate and State Farm make it easy to get coverage prices directly from their websites. Getting quotes for Chevy Malibu insurance in Laredo can be done by anyone as you just enter your personal and coverage information on the page. Behind the scenes, the quote system collects your credit score and driving record and generates a price.
Quoting online for Chevy Malibu insurance in Laredo makes it simple to compare prices and it’s also necessary to perform this step if you want to find a lower rate.
To compare pricing, compare rates now from the companies shown below. If you have your current policy handy, we recommend you replicate the coverage information exactly as they are listed on your policy. This ensures you’re receiving a price comparison using the same coverage and limits.
The companies in the list below offer comparison quotes in Laredo, TX. If multiple companies are listed, we suggest you visit two to three different companies to get the lowest price.
Chevy Malibu insurance statistics and information
The premium information shown next highlights a range of insurance prices for Chevy Malibu models. Being more informed about how insurance quotes are determined can assist in making smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify premium rates noticeably.
The illustration below demonstrates how deductibles and can raise or lower Chevy Malibu premium costs for each different age category. The premiums assume a single male driver, full coverage, and no discounts are applied to the premium.
Insurance rate increases from tickets or accidents
The example below illustrates how traffic citations and accidents can raise Chevy Malibu auto insurance rates for different categories of driver ages. The premium estimates are based on a single female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
Chevrolet Malibu insurance rates by gender
The information below compares Chevy Malibu annual premium costs for male and female drivers. The information is based on no tickets, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.
Chevrolet Malibu liability-only versus full coverage
The illustration below illustrates the difference between Chevy Malibu car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no violations or claims, $500 deductibles, drivers are single, and no policy discounts are applied.
Should you be buying full coverage?
There is no specific rule of when to drop physical damage coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Chevy Malibu settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $2,000 after you pay the deductible. If it’s costing you more than $200 annually for your policy with full coverage, then it might be time to buy liability only.
There are some conditions where dropping full coverage is not advised. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not buy liability only.
Auto insurance is not optional but you don’t have to overpay
Even though it’s not necessarily cheap to insure a Chevy in Laredo, paying for auto insurance is most likely required but also gives you several important benefits.
- Just about all states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to drive the car legally. 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 you have a lien on your Chevy Malibu, it’s guaranteed your bank will require that you have comprehensive coverage to guarantee loan repayment. If the policy lapses, the bank will be required to insure your Chevy for a lot more money and require you to pay a much higher amount than you were paying before.
- Auto insurance preserves not only your vehicle but also your assets. It also can pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance more than offset the price you pay, especially with large liability claims. An average driver in America is wasting up to $820 a year so you should quote and compare rates at every renewal to save money.
Cut Insurance Costs with These Tips
An important part of buying insurance is that you know a few of the rating criteria that are used to determine your auto insurance rates. When consumers understand what influences your rates, this allows you to make educated decisions that can earn you cheaper rates.
Use one insurance company and save – The majority of companies afford better rates to policyholders who consolidate policies with them. It’s known as a multi-policy discount. Even if you already get this discount, you still need to get quotes from other companies to ensure the best deal.There is a chance you can find a better deal by insuring with multiple companies.
Where you live factors in – Being located in smaller towns and rural areas of the country can save you money when insuring your vehicles. Fewer drivers corresponds to lower accident rates. Urban drivers tend to have much more traffic and much longer commute distances. Longer commute distances means higher likelihood of an accident.
Premiums are high for teenagers – Beginning drivers in Texas are known to be careless and easily distracted when behind the wheel so auto insurance rates are higher. More mature drivers tend to be more responsible, tend to file fewer claims, and usually have better credit.
The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Auto insurance policy lapses increase prices – Not having insurance is not a good idea and as a result your rates will increase for letting your insurance lapse. In addition to paying higher premiums, being ticketed for driving with no insurance could result in a steep fine or even jail time.
Chevy Malibu claim probability – Car insurance companies take into consideration insurance loss statistics for every vehicle to calculate a price that will offset any claims. Vehicles that the statistics show to have a trend towards higher claims will cost more for specific coverages. The table below demonstrates the historical insurance loss data for Chevy Malibu vehicles.
For each insurance policy coverage type, the claim probability for all vehicles, as an average, is equal to 100. Values that are below 100 indicate better than average losses, while percentage values above 100 show a trend for more claims or statistically larger losses.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Get cheaper Chevy Malibu insurance rates in Laredo
Insurance can cost an arm and a leg, but there’s a good chance there are discounts to reduce the price significantly. Most are applied at the time of purchase, but a few must be specifically requested before you will receive the discount.
- Safety Restraint Discount – Buckling up and requiring all passengers to fasten their seat belts could cut 10% or more off the personal injury premium cost.
- Low Mileage – Low mileage vehicles may allow you to get better car insurance rates on cars that stay parked.
- Accident-Free Discounts – Laredo drivers who stay claim-free have much lower rates compared to drivers with a long claim history.
- Driver Education Discount – Require your teen driver to successfully take a driver’s education course if it’s offered in school.
- Bundle and Save – If you combine your auto and homeowners policies with the same insurance company you could get a discount of up to 20% and get you the cheapest Chevrolet Malibu insurance in Laredo.
- Senior Citizen Discount – If you qualify as a senior citizen, you may receive reduced rates.
Please keep in mind that most discounts do not apply to your bottom line cost. Most cut the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears it’s possible to get free car insurance, it doesn’t quite work that way.
The information below illustrates the comparison of Chevy Malibu insurance costs with and without discounts applied to the premium. The costs are based on a female driver, no accidents, no driving violations, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-policy, multi-car, safe-driver, and marriage discounts applied.
A few companies that may offer many of the previously listed discounts possibly include:
Before you buy a policy, ask each company which discounts you qualify for. All car insurance discounts may not be offered everywhere. To locate car insurance companies offering car insurance discounts in Laredo, click here.
There’s no such thing as the perfect auto insurance policy
When it comes to choosing the right insurance coverage, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that
Here are some questions about coverages that could help you determine whether your personal situation will benefit from professional help.
- Do I really need UM/UIM coverage?
- Should I rate my vehicle as business use?
- What if I don’t agree with a claim settlement offer?
- What are good deductibles for a Chevy Malibu?
- Is business equipment covered while in my vehicle?
- At what point should I drop full coverage?
- Can my babysitter drive my car?
- What is high-risk coverage and where do I buy it?
- Am I covered when using my vehicle for business?
- Should I pay a claim out-of-pocket?
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and may give you better protection.
Shop online but buy locally
Some consumers just want to get advice from a local agent and that is a personal choice. Professional insurance agents are trained to spot inefficiencies and will help you if you have claims. An additional benefit of getting online price quotes is that you can obtain cheap car insurance quotes and still have an agent to talk to. Supporting small agencies is especially important in Laredo.
To find an agent, once you fill out this simple form, your information is immediately sent to agents in your area that provide free Laredo auto insurance quotes for your insurance coverage. You won’t need to search for an agent due to the fact that quote results will go to you directly. If you have a need to compare rates from a specific company, just search and find their rate quote page and fill out their quote form.
The difference between Laredo auto insurance agents
If you want a local Laredo insurance agency, you should know the different types of agencies and how they are distinctly different. Agencies in Laredo are either exclusive or independent (non-exclusive). Either one can insure your vehicles properly, but it’s important to know the difference between them because it can influence buying decisions.
Independent Car Insurance Agents
These type of agents are not restricted to one company and that allows them to write policies with an assortment of companies and help determine which has the cheapest rates. If they find a lower price, they simply move the coverage in-house and you can keep the same agent.
When comparing car insurance rates, we recommend you check rates from several independent insurance agents so that you have a good selection of quotes to compare. They often place coverage with companies that do not advertise much that may have much lower rates than larger companies.
The following is a short list of independent agencies in Laredo that can possibly get you free car insurance quotes.
- J.J. MARTINEZ INSURANCE AGENCY
2101 Springfield Ave – Laredo, TX 78040 – (956) 723-7480 – View Map
- Cavazos Insurance Agency
2107 San Bernardo Ave – Laredo, TX 78040 – (956) 723-4623 – View Map
- Henri D Kahn Insurance
112 Del Ct – Laredo, TX 78041 – (800) 701-5909 – View Map
Exclusive Car Insurance Agencies
Agents of this type work for only one company such as AAA, Allstate, and State Farm. Exclusive agents are unable to place coverage with different providers so they really need to provide good service. Exclusive insurance agents receive a lot of sales training on what they offer and that allows them to sell at a higher price point. A lot of people use the same exclusive agent mostly because of the brand legacy and strong financial ratings.
Listed below are exclusive agencies in Laredo that can give you comparison quotes.
- Kevin Romo – State Farm Insurance Agent
7917 McPherson Rd #208 – Laredo, TX 78045 – (956) 753-9337 – View Map
- Texas Farm Bureau Insurance – Juancarlo Rendon
507 E Expy 83 – Pharr, TX 78577 – (956) 787-8844 – View Map
- Farmers Insurance – Ricardo Rodriguez
5411 McPherson Rd #101 – Laredo, TX 78041 – (956) 726-1906 – View Map
Choosing a auto insurance agent requires you to look at more than just a cheap price quote. Get answers to these questions too.
- Do they have any clout with companies to ensure a fair claim settlement?
- If you have an accident, will your rates go up?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Does the agency provide any after hours assistance?
- If your car is totaled, how to they determine the replacement cost?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Is working in the agency their full-time job?
Compare but don’t skimp
As you shop your coverage around, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice comprehensive coverage or liability limits only to regret that they should have had better coverage. Your strategy should be to buy enough coverage at a price you can afford, but don’t skip important coverages to save money.
You just learned many tips how you can compare Chevy Malibu insurance premium rates in Laredo. The most important thing to understand is the more providers you compare, the better your chances of lowering your prices. Consumers may even find the lowest premium rates are with an unexpected company. They may only write in your state and offer lower prices than their larger competitors like Progressive or GEICO.
Even more information can be found in these articles:
- Bodily Injury Coverage (Liberty Mutual)
- Who Has the Cheapest Auto Insurance for a Honda Civic in Laredo? (FAQ)
- How Much are Auto Insurance Quotes for Postal Workers in Laredo? (FAQ)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Information for Teen Drivers (GEICO)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)