The make and model of vehicle you are seeking coverage for is one of the main factors when trying to find the best cheap insurance for active military. Vehicles with average performance, good crash test ratings, or low incidents of liability claims will cost substantially less to insure than adrenaline junky models. The table below shows insurance costs for a selection of the cheapest vehicles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Jeep Wrangler Sport 4WD 2-Dr | $1,313 |
| Ford Escape XLS 4WD | $1,386 |
| Honda CR-V EX-L 4WD | $1,470 |
| Ford Edge SE AWD | $1,475 |
| Toyota RAV4 Limited 4WD | $1,503 |
| Chevrolet Equinox LS 2WD | $1,508 |
| Honda Accord EX-L 4-Dr Sedan | $1,511 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,520 |
| Toyota Prius | $1,544 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,584 |
| Toyota Corolla LE | $1,590 |
| Ford Explorer XLT 2WD | $1,612 |
| GMC Sierra SLE Crew Cab 2WD | $1,617 |
| Ford F-150 XLT Super Cab 4WD | $1,650 |
| Chevrolet Impala LS | $1,655 |
| Honda Civic DX 4-Dr Sedan | $1,662 |
| Honda Odyssey EX | $1,655 |
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in specific garaging location which can raise or lower coverage prices significantly.
Based upon these rates, we can conclude that vehicles like the Jeep Wrangler, Ford Escape, Honda CR-V, Ford Edge, and Toyota RAV4 are most likely going to be some of the cheapest vehicles to insure for military personnel.
Figuring out which companies quote the most affordable car insurance rates for active military requires a tad more effort in order to find a policy that fits your budget. Each auto insurance company used slightly different criteria to determine premium rates, so we need to take a look at the lowest cost car insurance companies in Laredo, TX.
Find the Cheapest Car Insurance for Military
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,084 |
| 3 | Germania Mutual | $1,244 |
| 4 | Texas Farm Bureau | $1,247 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,438 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,565 |
| 11 | Progressive | $1,698 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,757 |
| 14 | GEICO | $2,135 |
| 15 | Home State | $2,155 |
| 16 | MetLife | $2,183 |
| 17 | Unitrin | $2,264 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,594 |
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Travelers offers some of the lowest car insurance rates in Laredo at around $1,041 a year. USAA, Germania Mutual, Texas Farm Bureau, and Esurance also make the cut as some of the cheaper Laredo, TX car insurance companies.
As shown above, if you currently have coverage with Germania Mutual and switched to Travelers, you might realize a yearly price reduction of upwards of $203. Texas drivers with Texas Farm Bureau might save as much as $206 a year, and Esurance customers might lower prices by up to $366 a year.
If you would like to find cheaper car insurance rates, click here to start a quote or feel free to get quotes from the companies below.
These prices are averaged for all ages of drivers and types of vehicles and do not take into consideration a specific vehicle garaging location for active military. So the auto insurance company that is best for you may not even be in the list above. That helps illustrate why you need to quote rates from as many companies as possible using your own personal information and vehicle type.
How to get discounts on Laredo auto insurance
Insurance companies that provide coverage for active military could also offer discounts that can reduce rates by as much as 30% if you are eligible for them. A few popular companies and some of the discounts can be found below.
- Progressive has discounts for homeowner, continuous coverage, multi-vehicle, good student, multi-policy, and online quote discount.
- GEICO includes discounts for five-year accident-free, multi-policy, membership and employees, anti-lock brakes, and daytime running lights.
- State Farm may include discounts for multiple autos, multiple policy, passive restraint, good student, defensive driving training, and Steer Clear safe driver discount.
- Esurance policyholders can earn discounts including safety device, paid-in-full, good student, anti-theft, and claim free.
- The Hartford may have discounts that include good student, driver training, vehicle fuel type, air bag, defensive driver, bundle, and anti-theft.
The illustration below illustrates the comparison of insurance prices with and without policy discounts. The premiums are based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with multiple policy, accident-free, claim-free, vehicle safety, marriage, and homeowner discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on car insurance for active military is 28% or $570.
The illustration below illustrates how choosing a deductible can impact insurance costs when researching cheap insurance for active military. Data assumes a single female driver, comp and collision included, and no discounts are factored in.
A 40-year-old driver could reduce rates by $422 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $634 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old category, could drop their prices up to $1,074 every year just by choosing larger deductibles. If you make the decision to raise deductibles, it is necessary to have plenty of savings on hand to allow you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Last year’s bargain might be this year’s rip off
Laredo, TX car insurance rates are impacted by many factors which can significantly increase or decrease the price of coverage. Simply getting older, buying a different vehicle, or getting a ticket for careless driving can produce rate changes that can make some companies cheaper than competitors.
Not only may your risk profile change, but companies amend premium rates as often as every three months as an adjustment for underwriting gains or losses. Significantly higher claims can result in higher prices, while a lower level of claims can result in cheaper Laredo car insurance rates.
The data below shows the company with the cheapest car insurance in Laredo, TX for a 45-year-old male driver with a clear driving record, no claims, and a good credit history. If we estimate rates based on his personal risk profile, Travelers may have the best car insurance rates in Laredo at $1,322 per year. This is $582 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest Laredo, TX auto insurance companies.
The next chart shows rates after we give the driver from the first set of rates a chargeable accident, less-than-perfect credit, and a traffic ticket or two. Due to the fact that every auto insurer uses their own formula for setting rates, comparing insurance quotes may result in a substantially altered list of affordable companies as shown below.
State Farm now has the best car insurance rate in Laredo, TX with Mercury, USAA, Nationwide, and Safe Auto now being in the top five. This example shows why it is important to compare many different companies to find the lowest insurance rates for active military. Insurance prices are impacted by many factors and can increase or decrease at any time, so the most affordable company a year ago may now be priced much higher than other options.