How Much are Laredo Auto Insurance Quotes for Used Cars?

Shopping around for budget auto insurance is difficult, and figuring out which company quotes the cheapest auto insurance rates for used cars takes even more diligence.

Each insurer has a unique approach for determining prices, so we’ll take a look at the most budget-friendly auto insurance companies in Laredo, TX. It’s important to know that Laredo auto insurance rates are impacted by many factors that will increase or decrease the price you have to pay for coverage. Price variation is why Laredo drivers need to spend some time comparing rates when trying to get the lowest insurance rates for used cars. Prices consist of many things and change substantially, so the most economical option when you last compared rates may now be quite expensive.

Cheapest Insurance Rates for Used Cars

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Cheapest insurance companies in Texas
Rank Company Cost Per Year
1 Travelers $1,010
2 USAA $1,117
3 Germania Mutual $1,244
4 Texas Farm Bureau $1,247
5 Esurance $1,365
6 California Casualty $1,382
7 State Farm $1,510
8 Mercury $1,521
9 Safe Auto $1,597
10 Nationwide $1,600
11 Progressive $1,698
12 Allstate $1,701
13 Amica $1,757
14 Home State $2,071
15 GEICO $2,093
16 MetLife $2,161
17 Encompass $2,301
18 Unitrin $2,333
19 21st Century $2,469
20 Titan $2,568
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Travelers has some of the most affordable car insurance rates in Laredo at around $1,010 a year. This is $894 less than the average policy premium paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance also make the cut as some of the cheaper Laredo, TX car insurance companies.

In this example, if you are insured with Germania Mutual and switched to Travelers, you could realize an annual savings of in the neighborhood of $234. Drivers with Texas Farm Bureau might save as much as $237 a year, and Esurance customers might reduce rates by $355 a year.

To see how much you can save, click here to get a free quote or quote prices from the following companies.

Understand that those rates are averages for all drivers and vehicles and are not factoring in a specific vehicle garaging location for used cars. So the insurer that can offer you the best rate may not even be in the top 23 companies in the list above. That is why you need to get rate quotes from many companies using your own individual information.

The vehicle you are insuring is probably the largest consideration that determines whether or not you find cheap insurance for used cars. Vehicles with more horsepower, poor crash test ratings, or a history of substantial liability claims will cost much more to insure than more modest models.

The next list shows auto insurance costs for a number of the cheaper vehicles to insure.

Cheapest Vehicles to Insure in Laredo, TX
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $1,305
Toyota Prius $1,412
Jeep Wrangler Rubicon 4WD 2-Dr $1,428
Ford Explorer XLT AWD $1,436
Ford Focus S 4-Dr Sedan $1,479
Chevrolet Malibu LS $1,507
Chevrolet Equinox LT 2WD $1,514
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,535
Ford Escape XLT 2WD $1,566
Honda Accord EX-L 4-Dr Sedan $1,584
Jeep Grand Cherokee Limited 4WD $1,615
GMC Sierra SLE Crew Cab 2WD $1,623
Dodge Grand Caravan CV $1,635
GMC Sierra 3500HD SLT Extended Cab 2WD $1,646
Ford F-150 STX Super Cab 2WD $1,715
Volkswagen Jetta S 4-Dr Sedan $1,725
Toyota RAV4 Limited 4WD $1,734
Toyota Camry LE $1,725
Dodge Ram Crew Cab Sport 2WD $1,756
Honda Civic DX 4-Dr Sedan $1,815
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium amounts do not factor in zip code location which can decrease or increase rates considerably.

By looking at the data, we can assume that vehicles like the Honda CR-V, Toyota Prius, Jeep Wrangler, and Ford Explorer are most likely going to be a few of the more affordable vehicles to insure for pre-owned vehicles.

The chart below illustrates how your deductible choice can affect premium costs when researching cheap insurance for used cars. The information is based on a married female driver, full physical damage coverage, and no discounts are factored in.

As shown above, a 30-year-old driver could lower rates by $408 a year by changing from a $100 deductible up to a $500 deductible, or save $612 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old category, could potentially save $870 annually just by using higher deductibles. If you do raise deductibles, it’s a good idea to have enough savings to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Price comparison of only insuring for liability

Lowering the price of auto insurance is important to the majority of people, and one great way to save on the cost of insurance for used cars is to only buy liability insurance. The diagram below visualizes the comparison of insurance premiums with full coverage compared to only the Texas minimum liability coverage. The data is based on no claims or violations, $1,000 deductibles, single status, and no discounts are taken into consideration.

As an average for all age groups, physical damage coverage costs an extra $1,598 per year more than just buying liability only. That proposes the question if it’s worth it to buy full coverage. There isn’t a steadfast formula to stop buying full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

Shop around and save

Laredo auto insurance rates are impacted by many factors which can significantly increase or decrease the price of coverage. Simply getting older, increasing liability limits, or having a fender bender may cause policy rate changes resulting in some rates now being cheaper than competitors.

Not only may your situation change, but insurance companies change the rates they charge in Texas at least once a year in order to be able to pay unexpected claims. Unexpectedly high claims can result in high rates, while long-term profits can cause more affordable Laredo car insurance rates.

For instance, the chart below shows rates for the cheapest car insurance in Laredo, TX for a 35-year-old male driver with no accidents, a clean driving record, and a decent credit rating. When comparing rates based on his current situation, Travelers may offer the most affordable car insurance rates in Laredo at $1,295 annually. This is $609 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the top five cheapest Laredo, TX auto insurance companies.

Let’s now give the driver from the first set of rates a couple of claims, slightly worse credit, and a few traffic violations. Since each insurance company has their own formula for setting prices, comparing rates may now show a different ranking of companies as shown below.

Mercury now has the best price in Laredo, TX with State Farm, Nationwide, Safe Auto, and USAA also having competitive pricing. This example demonstrates why it is critical to compare lots of rates when trying to find the best car insurance quotes for used cars.

Insurance rates are impacted by many risk factors and can decrease or increase without notice, so the cheapest company a year ago may now cost much more than other companies.

If you prefer to get some guidance when comparing insurance rates for used cars, the insurance agencies listed below can help you decide which car insurance policy is best.

To find a Laredo insurance agent using an interactive map, click the button following the list.

Castillo Insurance Agency
1413 E San Carlos StLaredo, TX 78041(956) 727-0129

FalconSure Insurance Agency
7718 McPherson Rd #3Laredo, TX 78045(956) 794-9700

Medina Wright Insurance
1419 Clark BlvdLaredo, TX 78040(956) 722-4618

Gonzalez H P Insurance Agency
1910 Corpus Christi StLaredo, TX 78043(956) 725-5015

Lozano Insurance
519 E Gustavus StLaredo, TX 78040(956) 725-2167

View more Laredo, TX insurance agencies