The words “economical” and “auto insurance” really shouldn’t be used in the same sentence, especially when trying to find the cheapest coverage for safe drivers. In an attempt to save some money, let’s start off by going over some of the things that help determine car insurance prices, and find out if we can help you lower the cost of your next policy.
The make and model of vehicle that is being insured is probably the most important factor when comparing quotes for low-cost car insurance for safe drivers. Vehicles with more horsepower, poor passenger safety features, or a track record of large liability claims will cost more to insure than more economical and safe models.
The data below features car insurance prices for a handful of the cheaper vehicles to insure in Texas.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,002 |
| Honda CR-V LX 4WD | $1,007 |
| Toyota Prius | $1,112 |
| Ford Escape XLS 2WD | $1,119 |
| Chevrolet Impala LS | $1,161 |
| Toyota RAV4 Sport 4WD | $1,185 |
| Honda Odyssey LX | $1,219 |
| Hyundai Elantra SE Touring Station Wagon | $1,222 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,246 |
| Ford Edge SEL AWD | $1,261 |
| Ford Focus S 4-Dr Sedan | $1,270 |
| Jeep Grand Cherokee Laredo 2WD | $1,290 |
| Chevrolet Malibu Hybrid | $1,298 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,290 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $1,295 |
| Ford F-150 SVT Raptor Super Cab 4WD | $1,317 |
| Toyota Tacoma Double Cab 4WD | $1,322 |
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Premium amounts do not factor in specific Laredo, TX garaging location which can lower or raise coverage rates considerably.
Based upon these rates, we can conclude that cars like the Honda Accord, Honda CR-V, Toyota Prius, and Ford Escape will definitely be some of the less-costly vehicles to insure for good drivers.
One of the many components that are looked at to help calculate the cost of insurance is your address in Laredo. Areas with high crime rates or more dense population will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates get the luxury of paying less.
The next table rates the most expensive places in Texas for safe drivers to purchase a policy in. Laredo is ranked #3 with the yearly price of $1,907 on average, which is about $159 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Dallas | $1,911 |
| 3 | Laredo | $1,907 |
| 4 | Houston | $1,891 |
| 5 | Brownsville | $1,870 |
| 6 | Amarillo | $1,840 |
| 7 | Pasadena | $1,812 |
| 8 | Grand Prairie | $1,793 |
| 9 | Irving | $1,789 |
| 10 | Garland | $1,778 |
| 11 | Mesquite | $1,753 |
| 12 | San Antonio | $1,722 |
| 13 | Lubbock | $1,716 |
| 14 | Beaumont | $1,702 |
| 15 | Arlington | $1,692 |
| 16 | Austin | $1,676 |
| 17 | Carrollton | $1,647 |
| 18 | Fort Worth | $1,621 |
| 19 | El Paso | $1,616 |
| 20 | McKinney | $1,609 |
| 21 | Plano | $1,576 |
| 22 | Corpus Christi | $1,572 |
| 23 | Waco | $1,537 |
| 24 | Killeen | $1,533 |
| 25 | Abilene | $1,499 |
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Price information shown is approximated as the specific garaging location can modify prices significantly.
Cost difference between full coverage and liability
Reducing the cost of car insurance is important to most drivers, and one common way to reduce the cost of insurance for safe drivers is to not buy full coverage. The diagram below shows the comparison of insurance costs when comparing full coverage to liability only. The rates are based on no claims or violations, $1,000 deductibles, single marital status, and no policy discounts are applied.
If we average the cost for ages 20 through 70, comp and collision coverage costs $1,598 per year more than carrying just liability coverage. That is a large expense and it proposes the question if buying full coverage is a good investment. There is no specific rule for phasing out physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
There are some circumstances where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Discount Laredo auto insurance
Insurance providers that offer coverage for safe drivers could also offer price discounts that may potentially lower prices by 40% or more if you are eligible for them. Popular car insurance companies and the discounts they provide are detailed below.
- Mercury Insurance offers discounts including location of vehicle, multi-car, accident-free, good driver, and age of vehicle.
- Farmers Insurance may include discounts for switch companies, youthful driver, mature driver, business and professional, and pay in full.
- Farm Bureau may offer discounts for good student, youthful driver, multi-vehicle, renewal discount, 55 and retired, and driver training.
- State Farm has savings for Drive Safe & Save, student away at school, passive restraint, multiple autos, Steer Clear safe driver discount, and defensive driving training.
- Allstate policyholders can earn discounts including premier discount, defensive driver, resident student, eSmart discount, and early signing.
- GEICO has discounts for anti-theft, multi-policy, emergency military deployment, five-year accident-free, military active duty, federal employee, and daytime running lights.
The example below shows the comparison of insurance premiums with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or driving violations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with vehicle safety, anti-theft, claim-free, passive restraint, multiple vehicle, and marriage discounts applied. With discounts applied, theamount saved on car insurance for safe drivers is 28% or $609.
If you have coverage questions and would like to have a little guidance when trying to find lower insurance rates for good drivers, the agencies below can most likely help you make a decision which coverage meets your needs best.
To find an agent closest to you, click the button at the bottom of the list or click here to compare prices now.
Delgado Insurance Agency, LC
9902 McPherson Rd #6 – Laredo, TX 78045 – (956) 728-7377
Herman Dominguez – State Farm Insurance Agent
3120 N Arkansas Ave – Laredo, TX 78043 – (956) 726-0493
Gonzalez H P Insurance Agency
1910 Corpus Christi St – Laredo, TX 78043 – (956) 725-5015
Find a Laredo, TX insurance agent near you
How to find low-cost auto insurance for safe drivers
It is possible to find better rates, and here are many thrifty solutions that can help Texas drivers get cheaper coverage.
- Do not insure for full coverage
- At-fault accidents will increase rates
- Try to remain claim-free
- Raise deductibles
- Avoid getting citations and tickets
- Shop around for lower rates once a year
The last tip in the list is extremely necessary, as was emphasized in this write-up. Car insurance rates vary considerably, so don’t be tentative to buy a policy from a new company if a more affordable rate is found.
Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that loyalty results in overpaying money that could be used for better things. In just a few minutes you could shop around to find cheaper car insurance for safe drivers in Laredo.