The vehicle you are insuring is a large factor when comparing quotes for affordable coverage for 4×4 vehicles. Vehicles with economical engines, an excellent safety record, or a positive history of liability claims will cost substantially less to insure than adrenaline junky models. The next table showcases car insurance prices for a handful of the most cost-effective automobiles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,226 |
| Ford Escape Limited 2WD | $1,254 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,330 |
| Ford Explorer XLT 2WD | $1,375 |
| Hyundai Elantra GLS Touring Station Wagon | $1,405 |
| Toyota RAV4 Limited 4WD | $1,450 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,478 |
| Toyota Corolla XLE | $1,526 |
| Ford Edge SE 2WD | $1,546 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,553 |
| Ford Fusion Sport 4-Dr Sedan | $1,562 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,556 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $1,581 |
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Rates do not factor in specific location information which can affect insurance rates significantly.
Based on these rates, you can infer that models like the Honda CR-V, Ford Escape, and Volkswagen Jetta are going to be a few of the cheapest vehicles to insure for off-road vehicles.
For off-road vehicles, one of the largest considerations that are looked at to help calculate the price you pay for insurance is where you keep your car in Laredo. Areas with high crime rates or more dense population tend to pay more, whereas less populated areas have the enjoyment of a little cheaper coverage.
The following table rates the most expensive cities in Texas for 4×4 vehicles to buy car insurance in. Laredo makes the list at #4 with a yearly cost of $1,889 for the average insurance policy, which is about $157 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Brownsville | $1,927 |
| 3 | Dallas | $1,893 |
| 4 | Laredo | $1,889 |
| 5 | Houston | $1,853 |
| 6 | Amarillo | $1,840 |
| 7 | Mesquite | $1,825 |
| 8 | Irving | $1,789 |
| 9 | Garland | $1,778 |
| 10 | Grand Prairie | $1,740 |
| 11 | Pasadena | $1,740 |
| 12 | Lubbock | $1,716 |
| 13 | Beaumont | $1,702 |
| 14 | San Antonio | $1,671 |
| 15 | Fort Worth | $1,670 |
| 16 | Carrollton | $1,664 |
| 17 | Arlington | $1,642 |
| 18 | Corpus Christi | $1,636 |
| 19 | Austin | $1,610 |
| 20 | Plano | $1,608 |
| 21 | El Paso | $1,584 |
| 22 | McKinney | $1,577 |
| 23 | Waco | $1,569 |
| 24 | Killeen | $1,518 |
| 25 | Abilene | $1,515 |
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Information shown are approximated as zip code location can modify rates substantially.
Deciphering which insurers offer the most affordable insurance rates for 4×4 vehicles will involve a little more sweat in order to find the best policy.
Every car insurance company uses their own method for determining rates in each state, so we’ll take a look at the insurance companies with the overall best prices in Texas. It’s important to understand that Texas insurance rates are impacted by many factors that can increase the policy price. Simply turning a year older, moving to a different location, or getting a couple of tickets may cause policy rate changes resulting in some rates now being more affordable than the competition.
Cheap Insurance Rates for 4×4’s
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,506 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,613 |
| 11 | Allstate | $1,667 |
| 12 | Amica | $1,705 |
| 13 | Progressive | $1,715 |
| 14 | GEICO | $2,072 |
| 15 | Home State | $2,092 |
| 16 | MetLife | $2,161 |
| 17 | Unitrin | $2,264 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,594 |
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Travelers offers some of the most affordable car insurance rates in Laredo at around $1,052 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the best Laredo, TX auto insurance companies.
As illustrated above, if you currently have coverage with Germania Mutual and switched to Travelers, you may see an annual premium reduction of upwards of $242. Drivers with Esurance might save as much as $355 a year, and California Casualty customers might reduce rates by $372 a year.
It’s important to note that these premiums are averages across all types of insureds and vehicles and and are not figured with a vehicle location for 4×4 vehicles. So the auto insurance company that can offer you the best price may not even be in the top 23 companies shown above. That emphasizes why you need to quote rates from as many companies as possible using your own personal information and vehicle type.
The diagram below shows how choosing a deductible can raise or lower insurance premiums when trying to find cheap insurance for 4×4 vehicles. The information is based on a married male driver, comp and collision included, and no discounts are applied.
The data above shows that a 50-year-old driver could lower rates by $264 a year by changing from a $100 deductible to a $500 deductible, or save $402 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could reduce their rates up to $884 or even more by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is necessary to have emergency funds available to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Texas insurance companies ranked
Choosing the highest-rated auto insurance company can be a challenge considering how many different insurance companies sell coverage in Laredo. The information shown next could help you decide which coverage providers to look at when trying to find cheaper insurance for 4×4 vehicles. The ratings below are only made up of companies with a nationwide focus, so smaller regional companies are not factored into these rankings.
Top 10 Major Auto Insurers in Laredo Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Major Auto Insurers in Laredo Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Cost of full coverage in Laredo
Reducing the cost of insurance is important to the majority of vehicle owners, and a great way to lower the cost of insurance for 4×4 vehicles is to only buy liability insurance. The diagram below illustrates the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The premiums are based on a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are factored in.
If we average the cost for all age groups, physical damage coverage costs an extra $1,793 per year more than just insuring for liability. Many of you may wonder if it’s a good idea to buy full coverage. There is no clear-cut rule to exclude full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
Chances are good that you’re overpaying for Laredo car insurance
Laredo insurance rates are influenced by many factors which can substantially change the price of your policy. Improving your credit score, becoming a homeowner, or getting a DUI can trigger price changes that can make some companies cheaper than others.
Not only may your risk profile change, but companies change premium rates as often as every quarter to adjust for gains or losses. An unexpected high level of claims can result in price increases, while a better loss history may result in lower-priced Laredo car insurance rates.
To help illustrate this point, the chart below shows which companies have the cheapest car insurance in Laredo, TX for a 30-year-old male driver with no accidents, a clean driving record, and good credit. If we estimate prices based on his personal risk profile, Travelers has the lowest car insurance rates in Laredo at $1,321 per year. This is $583 less than the average policy premium paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance are the rest of the cheapest Laredo, TX auto insurance companies.
In this example, we will give the driver in the first chart some claims, poor credit, and an imperfect driving record. Since each auto insurance company has their own process for setting rates, comparing insurance quotes may now show a new list of affordable Laredo car insurance companies as shown below.
State Farm now has the cheapest price in Laredo with USAA, Mercury, Safe Auto, and Nationwide completing the list. This shows why it is critical to take the time to shop around to get the most affordable auto insurance rates for 4×4 vehicles.
Rates are calculated by many risk factors and change substantially, so the cheapest option the last time you shopped your coverage around may now be quite expensive.