Cheapest Auto Insurance Quotes in Laredo, Texas

Cheapest Auto Insurance Quotes in Laredo, Texas

Compare Car Insurance Rates in Laredo TX

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Drivers in Laredo, Texas can find the cheapest car insurance from Fred Loya, with an average cost of $29 per month for liability-only policies and $63 for full coverage policies. If you're wary of this regional insurer's poor customer satisfaction scores, State Farm and USAA are also near the top of the list for cheapest car insurance in Laredo and have stronger customer service.

The Gateway City sits on the border of the U.S. and Mexico and is one of the top 10 cities in Texas by population, which could help explain Laredo's higher average auto insurance cost of $1,011 per year — 9% higher than the state average of $926 for minimum liability policies.

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Car insurance rates vary based on your background, location and driving history. We recommend comparing quotes from multiple companies to get the best deal.

Cheapest auto insurance in Laredo: Fred Loya

For a state minimum liability policy, regional insurer Fred Loya has the best rate at $343 per year, a whopping $668 cheaper than the city's average premium. State Farm takes second place with a $546 annual rate, and Geico could still help you save at $868 per year. USAA also makes the list with a low $475 annual cost, but membership is only open to military members, veterans and their families.

Cheapest car insurance companies in Laredo

Compare Car Insurance Rates in Laredo TX

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Fred Loya, State Farm, Geico and USAA are the cheapest auto insurance companies in Laredo, according to our analysis of nearly 1,000 quotes. Laredo drivers could save an average of $425 per year by switching to one of these cheaper companies.

Rank
Company
Annual rate
1Fred Loya$343
2State Farm$546
3Geico$868
4Chubb$920
5Dairyland$939
6Nationwide$1,060
7Allstate$1,421
8MetLife$2,531
N/A*USAA$475

*USAA is only available to current and former military members and their families.

Before you start getting quotes, consider whether a liability-only policy will offer you enough coverage and which company has the best features and customer service.

Cheapest full coverage car insurance in Laredo: Fred Loya

Fred Loya also tops the list for cheapest full coverage policies. State Farm and USAA both offer policies for less than $1,500 per year.

Full coverage auto insurance, which includes liability along with collision and comprehensive coverage, offers a higher level of protection and meets the requirements for your car loan if you have a new car.

Rank
Company
Annual rate
1Fred Loya$755
2State Farm$1,405
3Geico$2,045
4Chubb$2,762
5Nationwide$3,123
6Dairyland$3,317
7Allstate$4,867
8MetLife$5,637
N/A*USAA$1,383

*USAA is only available to current and former military members and their families.

Cheap car insurance for drivers with prior incidents

Expect higher car insurance rates if you have any tickets or at-fault accidents on your driving record since insurance companies see these as high-risk factors. Fred Loya, State Farm and Geico are the cheapest insurers for Laredo drivers with a few incidents on their driving record.

Cheapest car insurance in Laredo after an accident: Fred Loya

If you have an at-fault car accident on your record, insurance companies will see you as a higher risk to insure. You can still find affordable car insurance in Laredo from Fred Loya and State Farm, with annual rates for full coverage of $926 and $1,617, respectively. USAA also offers below-average rates if you qualify, though you'll pay $2,069 per year.

Rank
Company
Annual rate
1Fred Loya$926
2State Farm$1,617
3Geico$3,070
4Dairyland$4,372
5Chubb$4,716
6Nationwide$4,874
7Allstate$7,544
8MetLife$10,468
N/A*USAA$2,069

*USAA is only available to current and former military members and their families.

Cheapest car insurance after a speeding ticket: Fred Loya

A speeding ticket will only increase your rates by around 7% in Laredo. Fred Loya offers a full coverage rate of $755 per year for Laredo drivers with one speeding ticket. You can also try State Farm, with an average $1,405 annual rate, and USAA at $1,562.

Rank
Company
Annual rate
1Fred Loya$755
2State Farm$1,405
3Geico$2,466
4Chubb$2,762
5Nationwide$3,782
6Dairyland$3,935
7Allstate$4,867
8MetLife$5,637
N/A*USAA$1,562

*USAA is only available to current and former military members and their families.

Cheapest car insurance for drivers with a DUI: Fred Loya

Laredo drivers might face an average 70% increase in auto insurance premiums after getting a DUI or DWI. Fred Loya offers the cheapest policies at $1,194 per year for full coverage. State Farm and USAA take a close second and third place at just over $2,000 each.

You can also get help filing a Texas SR-22 with any of these companies except Chubb and MetLife.

Rank
Company
Annual rate
1Fred Loya$1,194
2State Farm$2,037
3Dairyland$3,328
4Geico$3,436
5Chubb$5,986
6Nationwide$6,249
7Allstate$7,454
8MetLife$11,349
N/A*USAA$2,075

*USAA is only available to current and former military members and their families.

Cheapest car insurance for drivers with poor credit: Fred Loya

Drivers in Laredo with poor credit pay 24% more than drivers with average or better credit. Fred Loya offers the best deal for those with bad credit at $549 per year for full coverage, followed by State Farm at $976 and USAA at $929.

If you can't get the cheapest rates because of your credit score but you're generally a safe driver or don't drive much, consider telematics insurance. Telematics or usage-based programs base your premium primarily on how much and how well you drive, so factors like your credit score often have a much smaller impact on your rates than with standard insurance.

Rank
Company
Annual rate
1Fred Loya$549
2State Farm$976
3Geico$1,456
4Chubb$1,841
5Nationwide$2,092
6Dairyland$2,128
7Allstate$3,144
8MetLife$4,084
N/A*USAA$929

*USAA is only available to current and former military members and their families.

Cheapest insurance for married drivers: Fred Loya

Fred Loya offers the best deal for married drivers with an annual rate of $675 for full coverage. USAA comes in second at $1,190 per year, and State Farm's $1,405 rate isn't too far behind.

Insurance companies correlate being married with safer driving. According to our research, married drivers nationally save an average of 5% on car insurance, and Laredo drivers can expect to save slightly more, at 9.5%. You'll get the so-called married discount just for being married, and you could save even more by insuring all your cars under the same policy.

Rank
Company
Annual rate
1Fred Loya$675
2State Farm$1,405
3Geico$2,146
4Chubb$2,762
5Nationwide$2,886
6Dairyland$3,087
7Allstate$4,282
8MetLife$4,462
N/A*USAA$1,190

*USAA is only available to current and former military members and their families.

Cheapest insurance for young drivers: USAA

Unfortunately, teen drivers face notoriously expensive car insurance rates due to their lack of driving experience. Eighteen-year-old drivers in Laredo can get an annual rate of $2,474 from USAA for full coverage. Fred Loya takes second place at $3,101 per year. Prices then start to climb past $4,000 per year, with State Farm at $3,969 and Geico at $4,145.

As a young driver, you might be able to save even more with discounts by being a good student, taking a defensive driving course or leaving your car at home while away at college.

Rank
Company
Annual rate
1Fred Loya$3,101
2State Farm$3,969
3Geico$4,145
4Chubb$6,663
5Dairyland$7,434
6Allstate$8,943
7Nationwide$11,154
8MetLife$18,373
N/A*USAA$2,474

*USAA is only available to current and former military members and their families.

Best auto insurance companies in Laredo, Texas

Though Fred Loya offers the cheapest rates for most drivers, cheapest isn't always best. Fred Loya doesn't have 24/7 claims centers, and many customers have complained about delayed claims and unsatisfactory claim resolutions. Fred Loya only serves drivers in a handful of states, which means you'll need to find a new insurance company if you move away from the Southwest.

According to a ValuePenguin survey, Farmers, Chubb and Consumers County Mutual are ranked the best in Texas for customer satisfaction. Our experts recommend getting quotes from Chubb if customer service is a key factor in your decision, though Chubb's rates are about average in Laredo.

If you want to balance good customer service with the cheapest rates, consider getting quotes from Geico or State Farm too, as well as USAA if you qualify for membership.

Average car insurance costs by neighborhood

Car insurance companies consider not just your city but also your neighborhood and address to calculate risks like auto theft rates and car accidents. The good news for Laredo drivers is you won't find a huge difference across neighborhoods, whether you live in San Augustin or Hillside.

ZIP code
Average annual insurance cost
78040$2,826
78041$2,813
78043$2,827
78045$2,747
78046$2,846
78049$2,812

Auto theft statistics in Laredo

Though it is the 10th most populated city in Texas, Laredo has a low rate of car theft compared to other Texas cities. In 2018, approximately six cars were stolen for every 10,000 residents in Laredo, compared to the average of 31 across the top 10 most populated cities and 14 across all Texas cities. That may be due to a recent push by the local government to cut down on crime in this city.

Rank
City
Population
Motor vehicle thefts
Motor vehicle thefts per 10,000 residents
1Houston2,344,96611,94951.0
2San Antonio1,539,3286,08939.6
3Dallas1,362,4659,66070.9
4Austin973,3442,53826.1
5Fort Worth893,7562,97233.3
6El Paso688,44281711.9
7Arlington400,9201,23830.9
8Corpus Christi328,61491627.9
9Plano289,89737312.9
10Laredo264,2141696.4

Recap of the cheapest auto insurance in Laredo

  • Minimum coverage: Fred Loya
  • Full coverage: Fred Loya
  • After an at-fault accident: Fred Loya
  • After a speeding ticket: Fred Loya
  • After a DUI: Fred Loya
  • Poor credit history: Fred Loya
  • Married couples: Fred Loya
  • Young drivers: USAA

Methodology

For this analysis, we compared rates from nine of the top auto insurers in Laredo, Texas. Unless otherwise mentioned, we calculated average rates for a full coverage policy for a driver who's a single 30-year-old with no accidents, DUIs or speeding tickets and drives a 2015 Honda Civic EX.

Full coverage policies included:

Coverage type
Coverage limits
Bodily injury liability$50,000 per person/ $100,000 per accident
Personal injury protection$10,000
Property damage liability$25,000 per accident
Uninsured/ underinsured motorist bodily injury$50,000 per person/ $100,000 per accident
Comprehensive and collision$500 deductible

ValuePenguin's expert analysis compiles insurance rate data from publicly sourced insurer filings using Quadrant Information Services. Your actual quotes from these insurers may vary.

Source:

2018 FBI Texas crime report

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.