For hybrids, one of the big factors that are used to help calculate auto insurance rates is your zip code in Laredo. Areas with more people or more claims will most likely have higher rates, whereas areas with less crime or weather claims benefit from lower rates.
The table below shows the priciest cities in Texas for hybrid vehicles to purchase auto insurance in. Laredo shows up at #6 with an annual cost of $1,833 on average, which is around $153 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Houston | $1,909 |
| 3 | Brownsville | $1,851 |
| 4 | Amarillo | $1,840 |
| 5 | Dallas | $1,837 |
| 6 | Laredo | $1,833 |
| 7 | Garland | $1,796 |
| 8 | Irving | $1,772 |
| 9 | Mesquite | $1,753 |
| 10 | Grand Prairie | $1,740 |
| 11 | Pasadena | $1,740 |
| 12 | San Antonio | $1,739 |
| 13 | Lubbock | $1,733 |
| 14 | Beaumont | $1,702 |
| 15 | Arlington | $1,642 |
| 16 | Austin | $1,627 |
| 17 | Plano | $1,608 |
| 18 | Fort Worth | $1,604 |
| 19 | Carrollton | $1,598 |
| 20 | Corpus Christi | $1,588 |
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Table data uses estimated as zip code location can affect premium rates significantly.
The make and model of vehicle you are insuring is probably the most important factor when comparison shopping for the most economical insurance for hybrid vehicles. Vehicles with lots of horsepower, poor safety ratings, or a high likelihood of having liability claims will cost significantly more to insure than safer models. The next table estimates insurance prices for some of the most affordable automobiles to insure in Texas.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,416 |
| Honda Accord EX 4-Dr Sedan | $1,462 |
| Ford Escape XLT 4WD | $1,500 |
| Chevrolet Equinox LS AWD | $1,531 |
| Chevrolet Silverado LS Regular Cab 2WD | $1,534 |
| Toyota Prius | $1,575 |
| Toyota Tacoma X-Runner 2WD | $1,613 |
| GMC Sierra SLE Crew Cab 4WD | $1,641 |
| Jeep Grand Cherokee SRT-8 4WD | $1,648 |
| Ford Focus SE 4-Dr Sedan | $1,644 |
| Toyota RAV4 Limited 4WD | $1,677 |
| Chevrolet Malibu LS | $1,683 |
| Dodge Grand Caravan Hero | $1,677 |
| Ford F-150 XL Crew Cab 4WD | $1,688 |
| Ford Explorer Eddie Bauer 4WD | $1,711 |
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Estimates do not factor in vehicle garaging location which can decrease or increase auto insurance rates greatly.
Based upon the rates shown, makes and models like the Honda CR-V, Honda Accord, and Ford Escape should be the most economical vehicles to insure for hybrids.
The illustration below shows how different deductible levels can impact insurance costs when getting quotes for cheap insurance for hybrid vehicles. The premium estimates are based on a single female driver, comp and collision included, and no discounts are factored in.
As shown above, a 30-year-old driver could lower rates by $344 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $520 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old, can cut up to $766 each year by using a higher deductible. If you do make the decision to raise your deductibles, it is a good idea to have plenty of savings on hand to be able to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Selecting the highest-rated car insurance company can be challenging considering how many different companies insure vehicles in Laredo. The rank data in the lists below can help you choose which providers you want to consider comparing prices from.
These ratings are for companies with a nationwide focus, so smaller regional companies are not taken into consideration for this list. To check rates and find cheaper insurance for hybrid vehicles, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
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Data Source: Insure.com Best Car Insurance Companies
How to find low-cost car insurance for hybrid vehicles
It’s not impossible to find cheaper rates, and here are some of the recommended penny-pinching suggestions that can help drivers buy cheaper auto insurance.
- Do not pay for comprehensive and collision coverage on older vehicles
- Safe vehicles cost less to insure
- Avoid accidents
- Buying car and homeowners insurance together can save money
- Increase your credit score
- Compare rate quotes often
The last tip is notably vital, as was noted in the article above. Auto insurance rates adjust often, so don’t hesitate to buy a different policy if a cheaper price is available.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if it’s costing you a lot of money. It takes less than five minutes to shop around to find cheaper auto insurance for hybrid vehicles in Laredo.