If saving money is your primary concern, then the best way to get affordable car insurance rates is to do a yearly price comparison from insurance carriers in Laredo. You can shop around by following these steps.
- First, spend a few minutes and learn about car insurance and the steps you can take to keep rates down. Many risk factors that drive up the price like traffic citations, accidents, and poor credit can be rectified by making lifestyle changes or driving safer. Continue reading for information to lower rates and earn a bigger discount.
- Second, compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive and State Farm, while agents who are independent can quote prices for many different companies.
- Third, compare the new rate quotes to your existing coverage to see if you can save by switching companies. If you find better rates and change companies, make sure there is no lapse in coverage.
- Fourth, notify your agent or company to cancel your current auto insurance policy and submit payment and a completed application for the new policy. Make sure you put the new proof of insurance paperwork somewhere easily accessible.
One thing to remember is to try to use identical deductibles and limits on each price quote and and to get price quotes from as many carriers as you can. Doing this guarantees an accurate price comparison and a complete rate analysis.
Unbelievable but true according to a study a large majority of drivers have remained with the same insurance company for at least the last four years, and just short of a majority have never compared rates with other companies. Texas insurance shoppers can save hundreds of dollars each year, but they don’t know the amount of savings they would get if they switched to a more affordable policy.
Our objective in writing this article is to help educate you on the most effective way to quote insurance and also pocket some savings If you have a policy now, you will definitely be able to find the best rates using the tips covered below. But Texas vehicle owners need to have an understanding of how big insurance companies determine premium rates and apply this information to your search.
Companies offering Toyota Camry Hybrid insurance in Texas
The providers in the list below have been selected to offer price comparisons in Laredo, TX. In order to find cheaper auto insurance in Laredo, it’s highly recommended you visit several of them in order to get a fair rate comparison.
Toyota Camry Hybrid insurance statistics and information
The rate information shown below outlines a range of insurance policy prices for Toyota Camry Hybrid models. Understanding more about how insurance prices are figured is important for drivers to make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $262 | $462 | $440 | $26 | $132 | $1,322 | $110 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in garaging location in Laredo which can raise or lower insurance rates significantly.
Higher deductibles lower rates
One common question asked by Laredo drivers is where to set your physical damage deductibles. The tables below may help you to understand the price difference when you choose different deductibles. The first rate table uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $370 | $698 | $430 | $26 | $128 | $1,677 | $140 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $270 | $472 | $430 | $26 | $128 | $1,326 | $111 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in zip code location which can change rates significantly.
Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $29 more each month or $348 for a full year than choosing the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you go at least 14 months between claim filings, you would most likely save money if you decide on a higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $100 deductibles: | $140 |
| Average monthly premium for $500 deductibles (subtract): | – $111 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
One big caveat is that a higher deductible means you will have to pay more out-of-pocket at claim time. That will require enough disposable savings in the event you need to pay the deductible.
These discounts can slash Toyota Camry Hybrid insurance rates
Some insurance providers don’t always publicize every discount available very well, so we researched both the well known as well as the least known discounts you could be receiving when you buy Laredo car insurance online.
- Good Student Discount – Maintaining excellent grades can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
- Multi-car Discount – Purchasing coverage when you have multiple cars or trucks with one company may reduce the rate for each vehicle.
- Discounts for Responsible Drivers – Insureds without accidents could pay up to 40% less than drivers with accidents.
- Accident Free – Drivers who don’t have accidents have much lower rates compared to drivers with a long claim history.
- Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems may earn rate discounts as much as 30%.
- Renewal Discounts – Some larger companies reward drivers for switching companies before your current Camry Hybrid insurance policy expires. It can save you around 10%.
- Seat Belt Usage – Requiring all passengers to buckle up may be able to save a few bucks off the personal injury premium cost.
Just know that most credits do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, nobody gets a free ride.
The example below compares Toyota Camry Hybrid yearly insurance costs with and without discounts being applied to the rates. The costs are based on a male driver, no violations or claims, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, multi-car, marriage, and homeowner discounts applied.
Large auto insurance companies and their possible discounts are included below.
- Farm Bureau offers discounts for driver training, multi-vehicle, youthful driver, 55 and retired, renewal discount, multi-policy, and good student.
- MetLife may offer discounts for good student, accident-free, claim-free, good driver, multi-policy, and defensive driver.
- Progressive has discounts for continuous coverage, homeowner, good student, online signing, and multi-policy.
- AAA discounts include good student, AAA membership discount, multi-policy, anti-theft, good driver, and multi-car.
- American Family has savings for multi-vehicle, air bags, accident-free, bundled insurance, TimeAway discount, and defensive driver.
- GEICO offers premium reductions for seat belt use, multi-policy, driver training, anti-lock brakes, and military active duty.
- State Farm may include discounts for anti-theft, passive restraint, Drive Safe & Save, Steer Clear safe driver discount, multiple autos, multiple policy, and accident-free.
Before you buy a policy, ask all companies you are considering to give you their best rates. A few discounts may not be available in your area. To view companies that offer discounts in Texas, follow this link.
Special considerations
When quoting and choosing coverage online or from an agent, there really isn’t a “best” method to buy coverage. Everyone’s situation is unique.
For instance, these questions might help in determining whether your personal situation may require specific advice.
- Can I make deliveries for my home business?
- Is my custom paint covered by insurance?
- Which companies are cheaper for teen drivers?
- Where can I find high-risk insurance?
- Why do I only qualify for high-risk insurance?
- Why am I be forced to buy a membership to get insurance from some companies?
- Are my friends covered when driving my Toyota Camry Hybrid?
- Is a blown tire covered by insurance?
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form.
When should I get advice from a local insurance agent?
Some consumers just prefer to visit with an insurance agent and that is just fine! The biggest benefit of comparing insurance prices online is the fact that drivers can get the lowest rates but also keep your business local. Buying from and supporting neighborhood insurance agencies is definitely important in Laredo.
Once you complete this quick form, your insurance coverage information is transmitted to agents in your area that provide free Laredo car insurance quotes for your coverage. There is no reason to contact an agency because prices are sent immediately to your email address. You can most likely find cheaper rates AND an agent nearby. If you want to get a comparison quote from one company in particular, you can always search and find their rate quote page to submit a rate quote request.
If you’re trying to find an insurance agent, there are two different types of agents that you can select. Car insurance policy providers may be either exclusive agents or independent agents.
Independent Car Insurance Agencies
These type of agents are normally appointed by many insurers so they have the ability to put coverage through many companies depending on which coverage is best. If your premiums go up, they simply switch companies in-house and you stay with the same agent. If you are trying to find cheaper rates, you need to check rates from at least one independent agent to maximize your price options. They also have the ability to place coverage with lesser-known insurance companies which can be an advantage.
Shown below is a partial list of independent agencies in Laredo who may be able to give you rate quotes.
- Laurel Insurance
4519 San Bernardo Ave – Laredo, TX 78041 – (956) 723-3785 – View Map - Gonzalez H P Insurance Agency
1910 Corpus Christi St – Laredo, TX 78043 – (956) 725-5015 – View Map - Benavides~Arellano Insurance
5901 McPherson Rd – Laredo, TX 78041 – (956) 723-0688 – View Map
Exclusive Car Insurance Agents
These type of agents can only provide pricing for a single company and examples are American Family, State Farm, and AAA. These agents are unable to compare other company’s rates so keep that in mind. Exclusive agencies are well schooled on their company’s products and that allows them to sell at a higher price point. Consumers sometimes choose to use an exclusive agent mainly due to the prominence of the brand and solid financial strength.
Below is a short list of exclusive agents in Laredo who can help you get comparison quotes.
- Kike Trevino – State Farm Insurance
517 Shiloh Dr #4 – Laredo, TX 78045 – (956) 791-5453 – View Map - Farmers Insurance – Robert Rogers
6410 McPherson Rd Suite 2 – Laredo, TX 78041 – (956) 724-1038 – View Map - Allstate Insurance Agent: Powell-Watson Insurance Group
6301 Arena Blvd Ste A – Laredo, TX 78041 – (956) 764-4399 – View Map
Finding the right car insurance agent should depend on more than just a cheap price quote. These questions are important to ask:
- Is working in the agency their full-time job?
- Do they write coverage based solely on cost?
- Does the agency have a positive business rating?
- Which company do they place the most coverage with?
- Does the agent help file claims?
- Has the agent ever had any license suspensions?
What is the best car insurance company in Texas?
Buying coverage from the right car insurance provider can be a challenge considering how many companies sell coverage in Texas. The ranking data below can help you select which car insurance providers you want to consider buying from.
| 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 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Cheaper coverage is out there
You just read quite a bit of information on how to save on Toyota Camry Hybrid insurance in Laredo. The key thing to remember is the more you quote Laredo car insurance, the better likelihood of getting cheaper Laredo car insurance quotes. You may even find the lowest prices are with a small local company.
Affordable Toyota Camry Hybrid insurance in Laredo is available both online in addition to local insurance agencies, so you should compare both in order to have the best chance of saving money. Some insurance companies may not offer internet price quotes and these small insurance companies provide coverage only through independent insurance agents.
As you quote Laredo car insurance, do not skimp on coverage in order to save money. In too many instances, an insured dropped liability coverage limits and found out when filing a claim they didn’t have enough coverage. The ultimate goal is to purchase plenty of coverage for the lowest cost, but don’t skip important coverages to save money.
More detailed car insurance information can be found in these articles:
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Who Has Cheap Laredo Auto Insurance Rates for Low Income Drivers? (FAQ)
- What Insurance is Cheapest for a Dodge Journey in Laredo? (FAQ)
- Who Has Cheap Laredo Car Insurance for Good Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance for a Toyota Corolla in Laredo? (FAQ)
- Senior Drivers (Insurance Information Institute)
- Comprehensive Coverage (Liberty Mutual)
- Crash Avoidance Technologies FAQ (iihs.org)
- Driving in Bad Weather (Insurance Information Institute)