If saving money is your primary concern, then the best way to save money on car insurance rates in Laredo is to compare prices annually from insurance carriers in Texas. Drivers can shop around by following these steps.
Step 1: Read about what coverages are included in your policy and the steps you can take to keep rates low. Many risk factors that result in higher rates like traffic citations and a low credit score can be controlled by paying attention to minor details.
Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO and Allstate, while agents who are independent can quote prices for many different companies.
Step 3: Compare the new rate quotes to your existing rates and see if there is a cheaper rate in Laredo. If you find better rates and switch companies, make sure coverage does not lapse between policies.
One key aspect when comparing rates is that you’ll want to compare similar deductibles and liability limits on each quote request and and to get rate quotes from all possible companies. This provides an apples-to-apples comparison and the best price quote selection.
It’s well known that car insurance companies don’t want customers comparing rates. Consumers who get price comparisons will most likely buy a different policy because of the good chance of finding a policy with better rates. A recent survey found that people who compared prices once a year saved on average $72 a month compared to drivers who never shopped around for cheaper prices.
If finding the cheapest price for Porsche Boxster insurance in Laredo is why you’re reading this, then learning about the best ways to find and compare insurance premiums can make the process less intimidating.
If you have coverage now or just want to reduce your rates, use these tips to reduce premiums without reducing protection. Quoting and comparing rates for the best-priced auto insurance in Laredo is easy if you know what you’re doing. Smart buyers only need to know the most effective way to compare rate quotes over the internet.
These discounts can lower your insurance rates
Insuring your fleet can be pricey, but you might be missing out on some discounts to reduce the price significantly. Many discounts should be triggered when you purchase, but some may not be applied and must be manually applied prior to receiving the credit.
- Accident Forgiveness – Not really a discount, but some insurance companies may permit one accident without raising rates as long as you don’t have any claims before the accident.
- Discounts for Government Workers – Being employed by or retired from a federal job can earn a discount up to 10% depending on your insurance provider.
- Mature Driver Discount – Drivers over the age of 55 can get a small decrease in premiums.
- E-sign Discounts – A handful of insurance companies will provide an incentive shop Laredo car insurance on the internet.
- Discount for Multiple Policies – If you combine your homeowners and auto policies and insure them with the same company you could get a discount of up to 20% and get you low cost Porsche Boxster insurance.
- Defensive Driver Discount – Taking a course that instructs on driving safety can save you 5% or more and easily recoup the cost of the course.
- Renewal Discounts – A few larger companies offer discounts for signing up before your current expiration date. You could save around 10% when you buy Laredo car insurance online.
- Onboard Data Collection – Insureds who allow companies to study driving manner by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if their driving habits are good.
As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Some only reduce individual premiums such as comp or med pay. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky.
The chart below shows the difference between Porsche Boxster annual premium costs with and without discounts applied. The data assumes a male driver, no violations or claims, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, safe-driver, homeowner, and claim-free discounts applied.
The best insurance companies and a summarized list of policyholder discounts are:
- State Farm includes discounts for accident-free, anti-theft, multiple policy, good driver, and Steer Clear safe driver discount.
- Farmers Insurance offers discounts including multi-car, teen driver, business and professional, homeowner, and pay in full.
- GEICO may include discounts for anti-theft, multi-policy, good student, multi-vehicle, driver training, and membership and employees.
- American Family may offer discounts for accident-free, defensive driver, multi-vehicle, good driver, TimeAway discount, and Steer into Savings.
- Nationwide has discounts for Farm Bureau membership, good student, easy pay, anti-theft, accident-free, defensive driving, and business or organization.
- Progressive offers premium reductions for multi-vehicle, homeowner, continuous coverage, online quote discount, multi-policy, online signing, and good student.
If you need lower rates, check with each insurance company to give you their best rates. Discounts might not apply in your state.
The car insurance companies shown below have been selected to offer comparison quotes in Texas. If you wish to find the cheapest auto insurance in Laredo, we suggest you visit several of them in order to get a fair rate comparison.
Insurance data for a Porsche Boxster
The coverage information below outlines a range of insurance rates for Porsche Boxster models. Learning a little about how auto insurance policy rates are figured can benefit drivers when making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $294 | $624 | $392 | $24 | $118 | $1,452 | $121 |
| Boxster S 2-Dr Convertible | $326 | $706 | $392 | $24 | $118 | $1,566 | $131 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in specific location information which can increase or decrease premium rates greatly.
Physical damage deductibles: Should you raise them?
When comparing insurance rates, the most common question is how high should the physical damage coverage deductibles be. The data tables below illustrate the difference in cost between low and high comp and collision deductibles. The first pricing table uses a $100 physical damage deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $412 | $804 | $324 | $20 | $96 | $1,681 | $140 |
| Boxster S 2-Dr Convertible | $454 | $908 | $324 | $20 | $96 | $1,827 | $152 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Boxster 2-Dr Convertible | $300 | $542 | $324 | $20 | $96 | $1,282 | $107 |
| Boxster S 2-Dr Convertible | $332 | $614 | $324 | $20 | $96 | $1,386 | $116 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Premium amounts do not factor in specific zip code location which can modify auto insurance rates noticeably.
Based on the above data, using a $100 deductible costs approximately $34 more each month or $408 each year than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally go at least 12 months between claim filings, you would probably come out ahead by selecting a higher deductible. Below is how you can perform this determination yourself.
| Average monthly premium for $100 deductibles: | $146 |
| Average monthly premium for $500 deductibles (subtract): | – $112 |
| Monthly savings from raising deductible: | $34 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $34 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 12 months |
One thing to note is that increasing deductibles to lower your rates means you will have to pay more of your own money at claim time. That will require some savings in the bank in the event you have to pay the higher deductible.
The information below highlights how deductible choice and can increase or decrease Porsche Boxster insurance premiums for each age group. The rate quotes are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
Liability only or full coverage
The illustration below illustrates the comparison of Porsche Boxster premium costs with and without full coverage. The prices are based on a clean driving record, no claims, $1,000 deductibles, marital status is single, and no discounts are factored in.
Are you wasting money paying for full coverage?
There isn’t a written rule to eliminate physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s say your Porsche Boxster book value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying your policy deductible. If you are currently paying more than $200 annually for physical damage coverage, then you might want to consider buying only liability coverage.
There are a few situations where dropping full coverage is not recommended. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not buy liability only.
Auto insurance can be complex
When buying coverage online or from an agent, there really is no “perfect” insurance plan. Your needs are unique to you and your policy should reflect that.
These are some specific questions can help discover whether your personal situation might need professional guidance.
- Does my liability insurance cover pulling a trailer or camper?
- Does low annual mileage earn a discount?
- Am I covered when driving a rental car?
- Do I need PIP coverage since I have good health insurance?
- Do they offer discounts for home and auto coverage?
- Do I need rental car coverage?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.
Insurance is available from local insurance agents
Some people still like to buy from a licensed agent and there is nothing wrong with that. Good insurance agents are highly skilled in risk management and help in the event of a claim. The biggest benefit of getting online price quotes is that you can find the best rates and still choose a local agent. And supporting local insurance agencies is important especially in Laredo.
By using this short form, your insurance data is immediately sent to local insurance agents that provide free Laredo car insurance quotes for your business. There is no need to visit any agencies as quotes are delivered to the email address you provide. In the event you want to quote rates from a specific insurance provider, don’t hesitate to find their quoting web page to submit a rate quote request.
If you want to buy insurance from a local insurance agency, it helps to know the two different agency structures and how they are distinctly different. Insurance agencies are considered either independent (non-exclusive) or exclusive. Both can insure your vehicles, but it’s good to learn the difference in how they write coverage because it can influence which agent you choose.
Independent Insurance Agencies or Brokers
Agents of this type are not employed by any specific company so they can write business amongst many companies and find the cheapest rate. If they quote lower rates, the business is moved internally which makes it simple for you. When shopping rates, you will want to get several quotes from at least one independent agent to have the best price comparison. Most independent agents also contract with additional companies that you may not be familiar with which could offer lower prices.
Listed below is a partial list of independent agencies in Laredo that may be able to give you rate quotes.
- Amco Insurance
505 Lafayette St – Laredo, TX 78041 – (956) 722-5300 – View Map - Zimmerman Insurance
3515 N Arkansas Ave #107 – Laredo, TX 78043 – (956) 796-1115 – View Map - J.J. MARTINEZ INSURANCE AGENCY
2101 Springfield Ave – Laredo, TX 78040 – (956) 723-7480 – View Map
Exclusive Insurance Agencies
Exclusive insurance agents can only write with one company like Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot provide rate quotes from other companies so they have no alternatives for high prices. They are usually quite knowledgeable on their products and sales techniques and that allows them to sell at a higher price point. Some people will only buy insurance from these agents mainly due to the prominence of the brand and solid financial strength.
The following are Laredo exclusive insurance agents willing to provide price quote information.
- State Farm: Manuel Gomez III
4311 Clark Blvd – Laredo, TX 78043 – (956) 333-0000 – View Map - Farmers Insurance – Edgar Gonzalez
2702 Jaime Zapata Memorial Hwy #1 – Laredo, TX 78043 – (956) 284-0111 – View Map - Farmers Insurance – Gabriel Medina
9807 Mines Rd #6 – Laredo, TX 78045 – (956) 645-2510 – View Map
Finding the right insurance agent requires you to look at more than just the premium amount. Any good agent in Laredo should know the answers to these questions.
- Will a damage claim use OEM or aftermarket replacement parts?
- How many years have they been established?
- Do they prorate repair cost based on vehicle mileage?
- What will you get paid if your car is a total loss? How is that amount determined?
- Is there any savings for paying the full premium?
- Are they paid to recommend certain coverages?
- Will they give you a referral list?
- Do they review policy coverages at every renewal?
After receiving acceptable answers to any questions you may have in addition to an acceptable price estimate, you have narrowed it down to an insurance agent that is reliable enough to provide insurance coverage. It’s important to know that it’s your coverage and you can cancel your coverage for any reason so never assume that you are obligated to a specific agent indefinitely.
Which auto insurance company is best in Laredo?
Ending up with the best auto insurance company can be challenging considering how many companies sell coverage in Laredo. The ranking information in the lists below can help you decide which car insurance companies you want to consider when shopping around.
| 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 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Persistence will pay off
Some companies do not offer online rate quotes and usually these regional carriers only sell through local independent agencies. More affordable insurance in Laredo is possible both online in addition to local insurance agencies, so you should be comparing quotes from both to have the best rate selection.
We covered many tips how you can lower your Porsche Boxster insurance premium rates in Laredo. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the lowest priced insurance comes from a smaller regional carrier. These smaller insurers often have lower prices on specific markets as compared to the big name companies such as State Farm, GEICO and Nationwide.
As you prepare to switch companies, make sure you don’t buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped comprehensive coverage or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy a smart amount of coverage for the lowest price, but don’t skip important coverages to save money.
For more information, feel free to visit the following helpful articles:
- Five Mistakes to Avoid (Insurance Information Institute)
- What Auto Insurance is Cheapest for College Students in Laredo? (FAQ)
- Who Has the Cheapest Car Insurance for Young Drivers in Laredo? (FAQ)
- What is Covered by GAP Insurance? (Allstate)
- Medical Payments Coverage (Liberty Mutual)