Cheapest Auto Insurance in Laredo, Texas (2024)

Parked on the eastern banks of the Rio Grande, Laredo sits on the border between the United States and Mexico. In fact, the city’s seal proclaims itself to be the “Gateway to Mexico.” With around 256,000 residents, it’s the state’s 11th-largest city.^[1]

Laredo drivers pay an average of $164 per month for car insurance, which is less than the state average of $185 per month.

If you’re looking for car insurance in Laredo, here’s what you need to know to compare quotes and find the best policy for you.

3 of the cheapest car insurance companies in Laredo

Every car insurance company uses a slightly different method to determine auto insurance rates. Some of the key factors considered include your age, driving record, ZIP code, and vehicle type. As a driver, this means that you can easily find different insurance rates across multiple companies based on what the insurer considers and how heavily they weigh each category.

The most efficient way to find the lowest rates is to shop around by comparing rates. Below, you’ll find out more about some of the best car insurance companies in Laredo to jump-start your search. The rates in this table are for Texas overall.

Best insurer for cheap rates: State Farm

Best insurer for families: GEICO

Best insurer for military members: USAA

How to get the cheapest car insurance in Laredo

Car insurance is a legal requirement in Texas, and while you can’t skip the expense, you can find ways to lower your costs. Here are a few ways to lower your rates:

• Shop around. Every insurance company offers slightly different rates. Shopping around and comparing quotes can help you lock in the best policy for you at the most affordable rate.

• Look for discounts. Many insurance companies provide discount opportunities. You can get discounts for bundling, in-vehicle safety features, and good driving. You can also check with your employer or any other organization you belong to and see if they have any discounts with certain insurers.

• Increase your deductible. You can usually tap into lower rates by raising your insurance deductible. If you have the money to cover a claim, this choice can lead to savings.

Cheapest liability-only car insurance in Laredo: State Farm

Liability car insurance can help you pay for the damage and injuries suffered by others in an accident you cause. While this type of car insurance is usually the cheapest option, it doesn’t offer any protection to cover your repair costs. Liability-only policies in Laredo cost $103 per month, on average.

Here, you can see some of the cheapest car insurance options for liability coverage in Laredo.

Cheapest full-coverage car insurance in Laredo: State Farm

Full-coverage car insurance provides the same protections as liability insurance, and it includes collision and comprehensive coverages. If your vehicle is damaged in an accident or another event, this type of coverage can help pay for the repairs you need to get back on the road.

Many auto lenders require borrowers to carry this coverage before they grant a loan. However, even drivers without an auto loan might benefit from carrying this enhanced protection. Drivers in Laredo pay an average of $225 per month for full-coverage insurance.

Here, you can see a collection of full-coverage quotes in Laredo.

Car insurance requirements in Texas

Texas drivers must carry a minimum amount of insurance to drive legally on public roadways. Below is a breakdown of the minimum coverage requirements:^[2]

Texas also requires insurers to include personal injury protection (PIP) with every policy, but drivers can opt out of this coverage by writing to their insurer. While the figures listed above comprise the minimum coverage requirements you must meet, you may also look to acquire coverage that goes beyond the minimum. If that sounds appealing to you, you may want to consider the following coverage options:

• 

  Collision coverage

  If you cause an accident that damages your own car, collision insurance kicks in to cover the cost of your repairs.

• 

  Comprehensive coverage

  If a non-collision event damages your car, such as severe weather, theft, or vandalism, comprehensive coverage kicks in.

• 

  Uninsured/underinsured motorist coverage

  If you get in an accident with a driver who doesn’t have enough car insurance or any car insurance, this coverage will pay for the cost of your repairs and medical bills.

Cheapest car insurance for drivers with an incident

If you make a mistake on the road, you could end up with a traffic violation on your record. Some of the most serious driving incidents include speeding tickets, at-fault accidents, and driving under the influence. Insurers view these incidents as an indication you’re more likely to engage in future risky behavior, and they’ll often raise your rates to protect against your increased likelihood of filing a claim.

In the sections that follow, you’ll see how each incident type can affect your rates in Laredo.

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Cheapest car insurance for drivers with a speeding ticket: State Farm

A speeding ticket usually comes with a fine. But after you pay the fine, you might also face higher car insurance costs. The good news is that the increase might not be significant and your rates should lower again once the ticket leaves your record.

The average rate with a speeding ticket in Laredo is $320 per month for full coverage and $146 for liability only. Here, you can see quotes from top insurers in the area.

Cheapest car insurance for drivers with an at-fault accident: State Farm

Insurance companies tend to associate at-fault accidents with riskier behavior. This all translates into higher car insurance premiums. The average rate in Laredo for full-coverage insurance with an at-fault accident on your record is $344 per month, and the average for liability-only coverage is $158.

Here’s a look at some of the cheapest car insurance companies in Laredo for drivers with an at-fault accident on their record.

Cheapest car insurance for drivers with a DUI: State Farm

Insurers see DUIs as a very serious moving violation, and if you have a DUI on your record, you can expect your rates to rise dramatically. Some insurers may drop your coverage altogether, and if you aren’t dropped, you may pay $389 per month for full coverage and $178 for liability only, on average.

Here’s a look at the most affordable rates in Laredo for drivers with a DUI.

Cheapest car insurance for seniors: State Farm

Many insurance companies take your age into account when determining rates. In general, drivers enjoy gradually lower rates starting between the ages of 25 and 35. But after decades of lower rates, drivers hitting age 70 tend to face higher insurance costs. The average monthly rate for seniors is $164 per month for full coverage and $75 for liability only in Laredo. 

These higher rates are due, in part, to the reduced faculties of older drivers as well as the increased likelihood of costly medical bills should a senior be involved in an accident.

Below is a closer look at the average monthly quotes for senior drivers in Laredo.

Cheapest car insurance for teens: State Farm

Teen drivers have the least experience on the road and are more likely to engage in risky behavior, like driving at night, distracted driving, and speeding. Not surprisingly, then, young drivers face some of the highest car insurance costs on the market. Teens in Laredo pay average rates of $395 per month for full coverage and $181 for liability only.

The good news is you can make sure you don’t overpay by shopping around for better rates, keeping teen drivers on their parents’ policy, choosing a higher deductible, and maintaining good grades.

Here, you can see the average quotes available for teens in Laredo.

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Laredo car insurance quotes by credit tier

Texas, like most other states, allows insurers to look at your credit history when determining premiums. In Laredo, drivers with poor credit tend to pay more for car insurance than drivers with excellent or good credit.

If you want to improve your credit score, paying your bills on time and paying down high-interest debt can improve it.

Here, you can see how your credit affects the rates you might get in Laredo.

Is car insurance more expensive in Laredo?

The average cost of a car insurance policy is $164 per month in Laredo. That’s a little more than the national average of $160 per month. But it’s cheaper than Texas’s overall average of $185 per month.

In general, cities with less traffic congestion and a lower population density see better rates than those with higher crime rates and more traffic.

More cities in Texas

Texas is a big state, and rates fluctuate across different areas. Below, you can see how the average quotes in other cities in Texas compare to Laredo.

Laredo car insurance FAQs