The average cost of car insurance in Laredo is higher than the state average. In Texas, the average driver pays $1,800 per year for full coverage insurance and $496 per year for minimum coverage insurance. The national average rate in the United States is $1,736 per year for full coverage and $536 per year for minimum coverage.
Not all low-cost auto insurance providers are created equal. Drivers looking for the cheapest car insurance company in Texas should look at more than just price. Geico and State Farm, for example, provide the fewest coverage options. If endorsements are important to you, Allstate, Mercury, and USAA have more to offer.
All five providers provide substantial discounts, but the specific savings vary. For example, USAA is the only company on our list that offers a discount for driving less than a certain amount of miles per year. Similarly, Geico is the only company that offers a discount to federal employees and those deployed in an emergency.
Furthermore, USAA only serves military personnel, so you must be eligible for coverage in order to purchase a policy. The other providers on this list do not have any eligibility requirements. Geico, State Farm, and USAA are the only companies with above-average customer satisfaction ratings according to J.D. Power. Allstate is rated below average, while Mercury is not rated at all.
Insurance requirements in Laredo
Car insurance is required in Laredo. Drivers must have at least 30/60/25 personal liability insurance with the following coverages:
Per person, bodily injury coverage of $30,000 is provided.
Per accident, bodily injury coverage of $60,000 is provided.
Property damage coverage of $25,000 per accident
Laredo drivers who purchase a policy with the bare minimum of coverage will pay the lowest rate. However, choosing a liability-only policy to save money is not advised. There is no guarantee that a policy with the bare minimum of coverage will cover the full cost of an accident. If your financial responsibility exceeds the limits of your policy, you must pay the difference out of pocket.
Drivers in Laredo are sometimes required to have full coverage car insurance. This is common for drivers who lease or finance their vehicle through a lender. For added protection and peace of mind, insurance companies typically recommend that most drivers purchase more coverage than is required.
Laredo car insurance discounts
Car insurance discounts are available to Laredo drivers. Most car insurance companies provide discounts to drivers in order to help them get a lower rate. The following are some of the most common car insurance discounts in Laredo:
Multi-policy discount: Drivers who combine multiple policies may be eligible for a premium reduction.
Defensive driver discount: Drivers who complete an approved defensive driver or safe driver training course may be eligible for policy discounts.
Discount for safety equipment: Most insurance companies will give you a discount if your car has certain safety features, such as anti-lock brakes or an anti-theft device.
Automatic payment discount: Drivers who set up their monthly insurance premiums on an automatic payment system may be able to get a lower rate.
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