Laredo, Texas, straddles the border of the United States and Mexico. There, you will find a blended culture of two countries. This Mexican border city doesn’t disappoint in any fashion when it comes to entertainment and things to do. You can fish and picnic in Lake Casa Blanca International State Park or learn about Laredo’s unique cultural heritage in the Republic of the Rio Grande Museum or Border Heritage Museum. You will find authentic Mexican food at popular spots, such as Bolillos Cafe North.
More and more people are learning to fall in love with Laredo and call it their home. In fact, Laredo is one of the fastest-growing cities in America!
As great as life is in Laredo, you have some unique challenges to overcome if you live there. Property crimes, including burglary and theft, are common to the area. Severe weather events, including strong thunderstorms and tornadoes, are also common.
The best way you can protect your Laredo home from damage is by using Insurify to get the best homeowners insurance rates possible, regardless of the value of your home, your background, or your insurance needs.
Not Everything's Bigger in Texas
How to Find Cheap Home Insurance in Laredo
Did you know approximately 60 percent of Laredo residents own their own homes? Laredo residents take pride in owning a home and are looking for ways to properly insure their investment against any risks that inevitably come with homeownership.
The first step to protecting your property is homeowners insurance. Though not required by law, home insurance provides financial liability for your property and belongings from natural disasters and theft. Different coverage levels are available for different property types, locations, and other factors.
Keep reading for a full guide on Laredo home insurance.
MORE ON TEXAS HOME INSURANCE
For general information on Texas home insurance, check out our guide to find the best homeowners insurance in Texas. For more city-specific information, here are our guides to Dallas homeowners insurance, Houston homeowners insurance, and Austin homeowners insurance.
Cheapest Home Insurance in Laredo by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2020, the average home insurance premium in the Laredo area costs $3,645 annually, and the median home value is $185,600.
No matter the size or value of your home, you can always find the best homeowners insurance companies by using Insurify to compare rates.
|Average Home Cost in Laredo||Average Annual Insurance Premium in Laredo|
Cheapest ZIP Codes in Laredo for Home Insurance
The cost of living in Laredo, Texas, is less than the national average and less than the Texas state average.
Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on your annual premiums.
Rates in Laredo can be relatively high or low compared to the national average; it all depends on which area you live in.
Home Insurance Coverage Types in Laredo
There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:
Mobile Home Form
Laredo Homeowners Insurance and Windstorm Coverage
Laredo is prone to tornadoes and other wind events that can cause extensive damage to homes and property. In May 2017, a severe thunderstorm with winds up to 100 miles per hour hit the Laredo area, causing downed trees and powerlines, collapsed roofs, and other structural damage. Damages totaled approximately $1 million.
You can protect yourself from windstorm damage with homeowners insurance. Windstorm damage is covered by most home insurance policies, although there may be a separate windstorm deductible in areas prone to frequent windstorm damage.
Choosing a Deductible for Laredo Home Insurance
You may have heard that raising your deductible will lower your home insurance rates. While this is true to some extent, you should give careful consideration to your deductible before you decide to raise it. A higher deductible means that you will be coming up with more money out of pocket before the insurance company will pay for a covered loss. While it will save you money in the short-term on your insurance premium, it may not be the right choice in the long run.
A better way to find cheap homeowners insurance is by using Insurify to compare rates. You can get home insurance quotes from top home insurers, such as State Farm and Allstate, in only minutes!
Buying a home is stressful enough—don’t let insuring it get in the way of enjoying your new property.
Frequently Asked Questions - Laredo Homeowners Insurance
What if I need coverage for a home office?
The novel coronavirus is a new fact of life and is forcing people to find ways to work in their homes. If you have recently begun using a home office, you may be looking for more coverage for equipment and furniture than your homeowners policy provides. There are a few ways to cover a home office, including the following. Homeowners policy endorsement: You can add an endorsement to your home insurance policy. This can be ideal for a small home business if you have less than $5,000 in home business property. If you have clients visiting your home, you may need to consider a business insurance policy to properly cover your risks. In-home business policy: This is somewhere between the homeowners policy endorsement and a full business insurance policy. You will receive more comprehensive coverage for business equipment and liability protection. Business insurance policy: Anytime you have client appointments in your home, there is a liability exposure. Someone could have an accident and need medical care, and you would be liable for their medical expenses. A business insurance policy will provide the most extensive coverage possible for your home office.
What if I need more coverage options for my home insurance policy?
Home insurance isn’t one-size-fits-all. There are many different types of home insurance policies designed to cover a variety of home situations. However, if you can’t quite find exactly the combination of coverage options you need through a standard homeowners insurance policy, it is possible to add additional coverage options through a policy endorsement, sometimes called an insurance policy rider. You can cover expensive personal items by adding separate coverage for them through a scheduled personal property endorsement. If you have expensive jewelry, electronics, art, coin collections, etc., it may be a good idea to schedule those items so you’ll have the money to replace them after a home loss event, such as a theft or fire. If you are worried about water damage in your home, you can add a water backup endorsement. This adds additional coverage for home damage caused by a clogged or damaged drain or a sump pump. Sometimes, losses can be even more personal. Cybercriminals can hack into your computer to steal information, such as your Social Security number, credit cards, usernames, and passwords. Identity theft insurance provides coverage for expenses you’ve suffered after having your identity stolen. In today’s world, you can never be too careful! Your insurance agent may be able to help you identify other additional insurance options to give you more comprehensive insurance protection. Are you looking for additional home insurance options? Insurify can help you quickly get a home insurance quote with an insurance company that offers additional coverage options. It only takes a few minutes if you are ready to get started!
Are there any additional steps I can take to save on home and property insurance?
Fortunately, there are steps you can take to make sure you are getting all the possible savings available when shopping for home insurance products. The first step is seeing what home insurance discounts you may already qualify for. One of the easiest ways to receive a home insurance discount is through bundling your auto and home insurance policies. You can get a discount on both home and auto insurance if you buy both policies with the same insurance company. Here are a few other common home insurance discounts you may qualify to receive: Monitored home security system Impact-resistant roof Claims-free discount New home discount Loyalty discount Paying in full Monitored fire alarm system Gated community discount Non-smoker discount If you are in doubt whether any of these discounts are available to you, make an appointment at your local insurance agency to discuss them with your agent. Before you go to any appointments, make sure you are prepared to follow all state and local mandates put in place to protect the public from COVID-19, such as wearing a face covering and maintaining a distance of at least six feet between you and other people.
Conclusion: How to Find the Cheapest Home Insurance in Laredo
Laredo homeowners are proud to call such a beautiful city with a unique cultural heritage their home! Keep enjoying the good life in Laredo by protecting your home through homeowners insurance.
Use Insurify’s home insurance comparison for your property in Laredo.
Compare Laredo Home Insurance Quotes in Two Minutes
Browse, compare, and secure home insurance with Insurify today!
Yep, it’s that easy.