The best car insurance in Laredo, TX

Laura Gunn

By

Laura Gunn

Laura Gunn

Freelance contributor

Laura Gunn is an insurance expert and writer. As a former English teacher, she made the transition to full-time writing and editing in 2016. Since that time she has written extensively about insurance topics, as well as topics pertaining to education and marketing.

Her work has been published in The Millennial Source, News Hunt 360, Realty Today, HNGN, and other publications.

Published October 29, 2021

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The average cost of full coverage car insurance in Laredo is $1,823. That's almost $500 cheaper than the average for the whole state of Texas, which comes in at $1,840. But there are still ways for Laredo drivers to save even more on their car insurance costs.

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The best way to find the most affordable coverage is to compare policy options from a number of insurance companies. Policygenius can help you find quotes from the top providers and choose the coverage that's right for you.

Key Takeaways

  • Germania Insurance offers the lowest average rates in Laredo at $1,238.

  • The cheapest ZIP code for car insurance in Laredo is 78045

  • The minimum requirements for car insurance in Texas are $30,000 per person/$60,000 per accident bodily injury liability and $25,000 property damage liability.

Cheapest car insurance companies in Laredo, TX

How a car insurance company determines individual rates is a lengthy process. Every car company uses a number of different factors, including your age and driving history, your make and model of vehicle, even your ZIP code and marital status. 

Even using the same factors, each car insurance company uses a different internal calculation system to determine the final rates. This means your quoted rates can vary by hundreds of dollars from company-to-company. That's why it's so important to shop around before selecting coverage. 

Company

Average cost

JD Power Rating

Germania Insurance

$1,238

--

State Farm

$1,334

881

Texas Farm Bureau

$1,347

--

GEICO

$1,409

871

USAA

$1,622

890

Cheapest car insurance rates by ZIP code in Laredo, TX

Your ZIP code is one of the biggest factors when determining car insurance rates. Different ZIP codes have different rates of traffic accidents and incidents, even different crime rates. These factors present different levels of risk to car insurance companies, which is why drivers pay different rates in different neighborhoods. 

The table below displays the average cost of car insurance in some of the ZIP codes in Laredo.

ZIP code

Average cost

78040

$2,036

78041

$2,065

78043

$2,077

78045

$2,024

78046

$2,061

78049

$2,142

Choosing the right car insurance company in Laredo, TX

Choosing the right car insurance can be tricky. Many people focus on cost alone, but there are a number of factors to consider when choosing a car insurance company. You should consider the coverage options, available bundles and discounts, and payment options and customer service ratings. 

If you're ready to start shopping, Policygenius can help you see quotes from top providers in your area and choose the coverage that's right for you.

Car insurance rates for drivers with driving violations in Laredo, TX

Drivers with multiple violations or accidents on their record can expect to see higher car insurance rates than drivers with clean records. This is because car insurance companies look at every driver's Motor Vehicle Report (MVR). 

Any traffic citations, accident reports, DUI/DWI convictions, and license suspensions can be viewed on your MVR. Drivers with any of these violations present a higher risk for car insurance companies, and higher risk means higher rates.

Violation

Germania Insurance

State Farm

Texas Farm Bureau

GEICO

USAA

At-fault Accident

$1,640

$1,571

$2,184

$2,136

$2,625

DUI

$2,643

$2,047

$5,484

$2,322

$2,592

Driving with a suspended license

$2,141

$1,809

$2,202

$2,322

$2,406

Driving with an open container

$1,318

$1,952

$5,484

$2,322

$1,969

Driving with expired registration

$1,318

$1,358

$1,472

$1,691

$1,969

Driving without Lights

$1,318

$1,358

$1,472

$1,691

$1,969

Failure to show documents

$1,318

$1,358

$1,472

$1,691

$1,969

Failure to stop at a red light

$1,318

$1,358

$1,472

$1,691

$1,969

Cheapest car insurance for drivers with bad credit in Laredo, TX

Your credit score can also factor into your car insurance rates. If you have a lower credit score, this will likely have a negative impact on your insurance rates.

Company

Rates for drivers with bad credit

Germania Insurance

$2,427

State Farm

$2,796

Auto Club Group

$2,850

Redpoint County Mutual

$2,896

USAA

$3,031

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Buying car insurance in Laredo, TX

The minimum requirements for car insurance in the state of Texas are 30/60/25. This means Texas drivers are required to have an insurance policy that covers $30,000 per person and $60,000 per accident bodily liability coverage and $25,000 in property damage liability coverage. 

Texas does not require drivers to have personal injury protection or uninsured/underinsured motorist coverage. 

It's also important to note that Texas is an at-fault state, rather than a no-fault state. This means the insurance company of the driver responsible for an accident will pay for damage and injuries for all parties.

How to get cheap car insurance in Laredo, TX

Car insurance can be costly, but it's a necessary expense. There are, however, a number of ways to make car insurance rates more affordable.

  • Check for discounts or bundles: Ask any potential insurance providers what discounts or bundles they offer.

  • Work on your credit score: Low credit scores mean higher insurance rates. Take steps to improve or maintain your credit score.

  • Raise your deductible: Raising your deductible can have significant impacts on your overall rate.

  • Consider usage-based or per-mile insurance options: Depending on your driving habits, usage-based or per-mile insurance may be a good cost-saving option.

Frequently asked questions

Do I need uninsured motorist coverage in Texas?

Uninsured motorist coverage is not required by the state of Texas. Car insurance companies offer it at an additional cost, but it is optional. That said, it’s a good buy for most drivers. Without it, you could be stuck paying the costs if you’re hit by an uninsured driver.

Who has the cheapest insurance in Laredo, TX?

According to our research, Germania Insurance offers the cheapest rate for full coverage car insurance in Laredo, at an average cost of $1,238 per year.

Which ZIP code in Laredo, TX has the most expensive car insurance?

The ZIP Code 78049 is the most expensive area for car insurance in Laredo, on average. This is determined by a number of different factors and is not a guarantee of that rate.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: 50/100

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: 50/100

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.