If you want to save money, the best way to find cheaper quotes for car insurance rates in Laredo is to start comparing prices yearly from providers that insure vehicles in Texas. Rates can be compared by following these steps.
First, try to comprehend coverages and the measures you can control to prevent expensive coverage. Many things that increase rates such as distracted driving and a substandard credit score can be controlled by making minor driving habit or lifestyle changes.
Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from a single company like GEICO and State Farm, while independent agencies can quote prices from multiple companies. View a list of agents
Third, compare the price quotes to your current policy premium to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, make sure coverage is continuous and does not lapse.
One key aspect when comparing rates is to make sure you enter the same amount of coverage on every price quote and to quote with as many carriers as you can. Doing this ensures an apples-to-apples comparison and and a good selection of different prices.
It’s safe to conclude that car insurance companies want to keep you from shopping around. Drivers who get price comparisons are very likely to switch to a new company because there is a high probability of finding better rates. A recent insurance study discovered that people who shopped around annually saved over $860 a year compared to policyholders who never shopped around for lower prices.
If finding the best price on Dodge Caliber insurance is the reason you’re reading this, then having a grasp of how to find and compare auto insurance can make it easier for you to save money.
Discounts mean cheaper rates for Dodge Caliber insurance in Laredo
Auto insurance is expensive, but there may be some discounts that many people don’t even know exist. Many discounts should be triggered when you get a quote, but some must be specifically requested before you get the savings.
- Clubs and Organizations – Being in a civic or occupational organization in Laredo can get you a small discount on your policy.
- Student Discount for Driver Training – Require your teen driver to enroll and complete driver’s education in high school.
- Telematics Data Discounts – Insureds who allow data collection to monitor vehicle usage by using a small device installed in their vehicle such as Progressive’s Snapshot could see a rate decrease as long as they are good drivers.
- Sign Online – Some of the larger companies will give a small break for buying a policy and signing up over the internet.
- Bundled Policy Discount – If you can bundle your home and auto insurance with one company they may give you a discount of nearly 15% which can help you find affordable Dodge Caliber insurance rates in Laredo.
- Discounts for Federal Employees – Employees or retirees of the government can earn a discount up to 10% depending on your auto insurance provider.
- Discounts for Responsible Drivers – Insureds without accidents could pay up to 40% less compared to accident prone drivers.
- New Car Discount – Buying coverage on a new vehicle can get you a discount since new model year vehicles have better safety ratings.
A little disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. Most only apply to specific coverage prices like liability, collision or medical payments. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way. But all discounts will bring down the premium cost.
The example below illustrates the comparison of Dodge Caliber premium costs with and without policy discounts. The prices are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, marriage, multi-car, and safe-driver discounts applied.
Insurance companies that may offer quotes with some of the discounts shown above possibly include:
If you are trying to find the cheapest Dodge Caliber rate quotes, ask each insurance company the best way to save money. Savings might not be offered on policies in every state. To see a list of auto insurance companies that provide some of the discounts listed above in Texas, click this link.
Dodge Caliber insurance quotes comparison
To get affordable Dodge Caliber insurance quotes, there a variety of ways of comparing rates from many available auto insurance companies in Texas. The quickest method to find competitive Dodge Caliber insurance rates is to use the internet to compare rates. When comparing auto insurance rates, know that comparing a large number of companies gives you a better chance of getting the best offered rates.
The companies in the list below have been selected to offer free quotes in Laredo, TX. If multiple companies are listed, it’s a good idea that you visit two to three different companies to get the most affordable price.
Insurance analysis for a Dodge Caliber
The premium information below showcases estimates of insurance rates for Dodge Caliber models. Having a better understanding of how auto insurance policy rates are calculated can help guide drivers when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Caliber Express | $292 | $496 | $500 | $30 | $150 | $1,468 | $122 |
| Caliber Heat | $292 | $496 | $500 | $30 | $150 | $1,468 | $122 |
| Caliber SE | $292 | $496 | $500 | $30 | $150 | $1,468 | $122 |
| Caliber Mainstreet | $292 | $496 | $500 | $30 | $150 | $1,468 | $122 |
| Caliber Rush | $292 | $496 | $500 | $30 | $150 | $1,468 | $122 |
| Caliber SXT | $292 | $496 | $500 | $30 | $150 | $1,468 | $122 |
| Caliber Uptown | $292 | $496 | $500 | $30 | $150 | $1,468 | $122 |
| Caliber R/T | $336 | $584 | $500 | $30 | $150 | $1,600 | $133 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price information does not factor in zip code location which can affect rates considerably.
Insurance deductibles
One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The following tables show how much more you’ll pay when you buy lower versus higher physical damage deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Caliber Express | $256 | $496 | $382 | $22 | $114 | $1,295 | $108 |
| Caliber Heat | $256 | $496 | $382 | $22 | $114 | $1,295 | $108 |
| Caliber SE | $256 | $496 | $382 | $22 | $114 | $1,295 | $108 |
| Caliber Mainstreet | $256 | $496 | $382 | $22 | $114 | $1,295 | $108 |
| Caliber Rush | $256 | $496 | $382 | $22 | $114 | $1,295 | $108 |
| Caliber SXT | $256 | $496 | $382 | $22 | $114 | $1,295 | $108 |
| Caliber Uptown | $256 | $496 | $382 | $22 | $114 | $1,295 | $108 |
| Caliber R/T | $294 | $584 | $382 | $22 | $114 | $1,421 | $118 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Caliber Express | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Caliber Heat | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Caliber SE | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Caliber Mainstreet | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Caliber Rush | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Caliber SXT | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Caliber Uptown | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Caliber R/T | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Information does not factor in specific garaging location which can influence insurance rates substantially.
We can derive from the above data that using a $250 deductible would cost the average driver about $14 more each month or $168 annually than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go at least 18 months between claims, you would probably come out ahead if you choose the higher deductible.
How violations and accidents impact rates
The chart below illustrates how speeding tickets and at-fault accidents can increase Dodge Caliber car insurance rates for different age categories. The price estimates are based on a married female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
Do you need full coverage?
The diagram below visualizes the comparison of Dodge Caliber premium costs with and without physical damage coverage. The price estimates are based on no accidents or driving violations, $250 deductibles, drivers are single, and no discounts are applied to the premium.
Deciding between full coverage and liability only
There is no set rule of when to stop paying for full coverage, but there is a general guideline you can use. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Dodge Caliber replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $3,000 after the deductible is paid. If you are currently paying more than $300 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some circumstances where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you are required 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 case of an accident, you should not consider dropping full coverage.
How to Lower Your Insurance Prices
An important part of buying insurance is that you know a few of the rating criteria that help determine your premiums. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that may result in lower premium levels.
Listed below are some of the most rate-impacting factors used by companies to determine rates.
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Lower performance equals lower insurance rates – The performance of the vehicle you are trying to find cheaper insurance for makes a huge difference in determining your rates. The cheapest rates will generally be found on small economy passenger vehicles, but that’s not the only thing that factors into the final price.
The following data uses these variables: single male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It shows Dodge Caliber car insurance rates compared to other vehicles that have different performance rating factors.
- Only buy what you need – There are a ton of extra add-on coverages you can purchase if you aren’t diligent. Coverages for replacement cost coverage, accidental death, and membership fees may be wasting your money. They may seem like a good idea at first, but now you might not need them so eliminate them to save money.
- Alarm systems lower prices – Buying a car that has a built-in theft deterrent system can help lower your premiums. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms help track and prevent your vehicle from being stolen.
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Expect high rates for teens – Older insureds are proven to be safer behind the wheel, tend to file fewer claims, and get fewer tickets. Young drivers are known to be inattentive and easily distracted behind the wheel therefore auto insurance rates are much higher.
The next chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
When should I have guidance from an insurance agency?
A small number of people just want to sit down with an agent and that can be a great decision A good thing about comparing rate quotes online is the fact that you can find cheap rate quotes but also keep your business local.
After completing this form (opens in new window), your insurance coverage information is sent to local insurance agents that give free quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to find an agent on your own since rate quotes are delivered instantly to you. You can most likely find cheaper rates without requiring a lot of work. If for some reason you want to get a comparison quote for a specific company, you just need to search and find their rate quote page and complete a quote there.
Selecting a provider should include more criteria than just the premium amount. The answers to these questions are important, too.
- Can glass claims be handled at your home?
- Will the company cover a rental car if your car is getting fixed?
- Is the agent properly licensed in Texas?
- Do they have 24-hour customer assistance?
- Is working in the agency their full-time job?
When finding a reputable insurance agent or broker, there are a couple of different types of agents and how they operate. Agencies in Laredo are considered either independent or exclusive depending on the company they work for.
Exclusive Agents
These agents are contracted to one company and some examples include American Family, State Farm, and Allstate. They are unable to provide prices from multiple companies so they really need to provide good service. Exclusive agencies receive extensive training on their products and sales techniques which helps them sell insurance even at higher premiums. Consumers frequently choose to use a exclusive agent primarily because of the brand legacy rather than low price.
Shown below is a list of exclusive agents in Laredo that are able to give rate quotes.
- Herman Dominguez – State Farm Insurance Agent
3120 N Arkansas Ave – Laredo, TX 78043 – (956) 726-0493 – View Map - Farmers Insurance – Edgar Gonzalez
2702 Jaime Zapata Memorial Hwy #1 – Laredo, TX 78043 – (956) 284-0111 – View Map - Allstate Insurance Agent: Marcus Moreno
1705 E Del Mar Blvd Ste 105a – Laredo, TX 78041 – (956) 725-4934 – View Map
Independent Agencies or Brokers
Independent agencies can quote rates with many companies so they can insure your vehicles with multiple insurance companies and find the cheapest car insurance rates. If they find a lower price, your agent can switch companies and the insured can keep the same agent.
If you are comparing car insurance prices, you will definitely want to get some free quotes from at least one independent agent so that you have a good selection of quotes to compare. Most independent agents also contract with less well-known companies that may have much lower rates than larger companies.
Shown below are Laredo independent agencies who can help you get comparison quotes.
- J.J. MARTINEZ INSURANCE AGENCY
2101 Springfield Ave – Laredo, TX 78040 – (956) 723-7480 – View Map - Insurance and Financial Services At Champions LLC
6019 McPherson Rd Ste 6 – Laredo, TX 78041 – (956) 717-5770 – View Map - Laurel Insurance
4519 San Bernardo Ave – Laredo, TX 78041 – (956) 723-3785 – View Map
Best reasons to buy insurance in Texas
Despite the high insurance cost for a Dodge Caliber in Laredo, insurance is required for several reasons.
- Almost all states have minimum liability requirements which means you are required to carry a specific level of liability in order to license the vehicle. 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 loan on your Caliber, most banks will require that you buy full coverage to protect their interest in the vehicle. If you default on your policy, the lender may have to buy a policy to insure your Dodge at a much higher rate and force you to pay for the expensive policy.
- Insurance protects not only your vehicle but also your financial assets. Insurance will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay to defend you if someone files suit against you as the result of an accident. If your Dodge gets damaged, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of having insurance definitely exceed the price paid, specifically if you ever have a liability claim. But the average American driver is overpaying more than $830 a year so it’s recommended you shop around at least once a year to help ensure money is not being wasted.
The lowest rates come from being thorough
People leave their current company for many reasons like policy non-renewal, policy cancellation, not issuing a premium refund or poor customer service. No matter why you want to switch, choosing a new insurance company is pretty simple and you could end up saving a buck or two.
Cheap Dodge Caliber insurance in Laredo is definitely available from both online companies in addition to many Laredo insurance agents, so you should compare both to have the best selection. There are still a few companies who may not have online rate quotes and usually these small, regional companies work with independent insurance agencies.
As you quote Laredo auto insurance, don’t be tempted to buy less coverage just to save a little money. In many cases, someone dropped physical damage coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase a proper amount of coverage at the best price, but do not sacrifice coverage to save money.
More tips and info about auto insurance can be found in the articles below:
- Cellphones, Texting and Driving (iihs.org)
- How Much is Auto Insurance for a Chevrolet Malibu in Laredo? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers Under 25 in Laredo? (FAQ)
- How Much are Car Insurance Rates for a Jeep Grand Cherokee in Laredo? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Crash Avoidance Technologies FAQ (iihs.org)
- What are my Rights when Filing a Claim? (Insurance Information Institute)