It takes a little time, but the best way to get cheaper car insurance rates is to compare prices regularly from providers in Laredo. Rate comparisons can be done by completing these steps.
- Try to learn about how companies price auto insurance and the measures you can take to prevent expensive coverage. Many factors that result in higher rates like traffic tickets, fender benders, and an unfavorable credit rating can be eliminated by making minor changes to your lifestyle.
- Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and State Farm, while independent agents can provide prices from multiple insurance companies. View rates
- Compare the new quotes to your existing policy and see if there is a cheaper rate in Laredo. If you find a better price, make sure there is no lapse in coverage.
The key thing to know about shopping around is to make sure you enter the same amount of coverage on each quote request and and to get prices from as many different insurance providers as possible. Doing this provides a fair price comparison and a complete price analysis.
Inconceivable but true, most consumers kept buying from the same company for four years or more, and approximately 40% of consumers have never quoted rates to find cheaper coverage. Many drivers in Laredo can save hundreds of dollars each year just by comparing rates, but most undervalue the actual amount they would save if they bought a different policy.
Best Toyota Yaris insurance price quotes in Texas
The companies shown below offer free quotes in Laredo, TX. To get the best cheap auto insurance in Laredo, TX, it’s highly recommended you click on several of them to get the most affordable price.
Toyota Yaris insurance statistics and information
The rate table below outlines different insurance costs for Toyota Yaris models. Being aware of how car insurance prices are formulated can assist in making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $180 | $312 | $564 | $34 | $168 | $1,258 | $105 |
| Yaris 4-Dr Hatchback | $180 | $312 | $500 | $30 | $150 | $1,172 | $98 |
| Yaris 4-Dr Sedan | $180 | $312 | $500 | $30 | $150 | $1,172 | $98 |
| Yaris S 2-Dr Hatchback | $208 | $312 | $564 | $34 | $168 | $1,286 | $107 |
| Yaris S 4-Dr Hatchback | $208 | $312 | $500 | $30 | $150 | $1,200 | $100 |
| Yaris S 4-Dr Sedan | $208 | $312 | $500 | $30 | $150 | $1,200 | $100 |
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Table data does not factor in specific garaging location which can influence price quotes considerably.
The information below illustrates how choosing a deductible and can raise or lower Toyota Yaris insurance premiums for each different age category. The information is based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Full coverage versus liability-only in Laredo
The diagram below illustrates the comparison of Toyota Yaris auto insurance costs with and without full coverage. The premiums are based on no violations or accidents, $250 deductibles, marital status is single, and no discounts are taken into consideration.
Should you buy full coverage or liability only?
There is no clear-cut rule that works best for making the decision to drop full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s assume your Toyota Yaris replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after the policy deductible has been paid. If it’s costing you more than $300 annually for full coverage, then it’s probably a good time to buy liability coverage only.
There are some scenarios where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.
These five discounts can lower your car insurance rates
Auto insurance companies don’t always list the complete list of policy discounts in a way that’s easy to find, so the next list breaks down both well-publicized and also the lesser-known car insurance savings.
- Mature Driver Discount – Mature drivers are able to get a slight reduction on a Laredo auto insurance quote.
- Multi-Vehicle Discounts – Buying a policy with all your vehicles on one policy qualifies for this discount.
- Early Payment Discounts – By paying your entire bill at once rather than paying monthly you can avoid the installment charge.
- Resident Student – College-age children who live away from home to go to college and leave their car at home could qualify for this discount.
- Military Discounts – Being deployed in the military could mean lower rates.
Just know that most of the big mark downs will not be given to the entire policy premium. Most only cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.
The diagram below illustrates the comparison of Toyota Yaris insurance premiums with and without some available policy discounts. The data is based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-car, claim-free, and multi-policy discounts applied.
To choose insurers with significant discounts in Laredo, click here.
Insurance agent or online?
A small number of people still like to have an agent’s advice and we recommend doing that Insurance agents are trained to spot inefficiencies and help submit paperwork. One of the benefits of getting free rate quotes online is that you can obtain lower rates but still work with a licensed agent.
After filling out this simple form, your insurance coverage information is instantly submitted to participating agents in Laredo who will gladly provide quotes to get your business. You don’t have to search for any insurance agencies since rate quotes are delivered instantly to you. If you need to get a price quote from a specific company, just jump over to their website and submit a quote form there.
Picking the best company requires you to look at more than just the quoted price. These are some valid questions you should ask.
- Are claim adjusters local or do you have to take your car somewhere else?
- Where would glass claims be handled in Laredo?
- Do they get extra compensation for selling add-on coverages?
- Are they in the agency full-time?
- How does the company pay claims for a total loss?
- Is the agency involved in supporting local community causes?
- Do they have 24-hour customer assistance?
The different types of auto insurance agents
If you want a local Laredo insurance agent, it helps to know the two different types of agencies and how they work. Insurance policy providers are considered either independent agents or exclusive agents. Either one can sell affordable insurance policies, but we need to point out why they differ because it can influence the type of agent you choose.
Exclusive Insurance Agencies
Agents of this type can only write with one company like American Family, State Farm, and Allstate. These agents are unable to place coverage with different providers so they really need to provide good service. These agents are usually well trained on their products and sales techniques which aids in selling service over price. Some insured continue to use the same exclusive agent mainly due to the prominent brand name and the convenience of having a single billing for all their coverages.
The following are Laredo exclusive insurance agencies that can give you comparison quotes.
- Allstate Insurance Agent: Mike Cortez
201 W Del Mar Blvd Ste 16 – Laredo, TX 78041 – (956) 723-6453 – View Map - Farmers Insurance – Cynthia Cardenas
6909 Springfield Ave #103 – Laredo, TX 78041 – (956) 724-8200 – View Map - Texas Farm Bureau Insurance – Juancarlo Rendon
507 E Expy 83 – Pharr, TX 78577 – (956) 787-8844 – View Map
Independent Insurance Agents
These type of agents do not write with just one company so they can write business through many different insurance companies and possibly get better coverage at lower prices. If they quote lower rates, your policy is moved internally and that require little work on your part.
If you need lower rates, it’s a good idea to include price quotes from several independent insurance agents to have the best price comparison. Most also have access to small mutual carriers that can offer cheaper rates than bigger companies.
Shown below is a list of independent insurance agencies in Laredo that can give you comparison quotes.
- Castillo Insurance Agency
1413 E San Carlos St – Laredo, TX 78041 – (956) 727-0129 – View Map - J.J. MARTINEZ INSURANCE AGENCY
2101 Springfield Ave – Laredo, TX 78040 – (956) 723-7480 – View Map - Alphasure Affordable Insurance Services
1620 Chihuahua St – Laredo, TX 78043 – (956) 729-9500 – View Map
Situations that may require an agent’s advice
When it comes to choosing your policy, there really is not a best way to insure your cars. Your financial needs are unique.
For example, these questions might point out if your insurance needs might need an agent’s assistance.
- Can my teen driver be rated on a liability-only vehicle?
- Is a fancy paint job covered?
- Will my rates increase for filing one claim?
- Do I pay less if my vehicle is kept in my garage?
- Am I covered if I crash into my own garage door?
- Is my teenager covered with friends in the car?
- What are the best liability limits?
- How high should deductibles be on a Toyota Yaris?
- What discounts do I qualify for?
- I have health insurance so do I need medical payments coverage?
If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.
Specific coverage details
Learning about specific coverages of your auto insurance policy helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.
Comprehensive or Other Than Collision
Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as fire damage, damage from getting keyed, damage from a tornado or hurricane, a broken windshield and falling objects. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
UM/UIM Coverage
This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your Toyota Yaris.
Because many people carry very low liability coverage limits (30/60/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.
Collision insurance
This coverage covers damage to your Yaris from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as colliding with another moving vehicle, backing into a parked car and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible on your Yaris to bring the cost down.
Medical costs insurance
Coverage for medical payments and/or PIP provide coverage for immediate expenses such as nursing services, hospital visits and ambulance fees. They can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Auto liability
Liability insurance provides protection from damage or injury you incur to people or other property that is your fault. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 30/60/25 that means you have a limit of $30,000 per injured person, $60,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability insurance covers claims like legal defense fees, emergency aid and medical services. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford. Texas requires minimum liability limits of 30/60/25 but drivers should carry more liability than the minimum.
The illustration below shows why buying low liability limits may not be enough.
In the end, you can save money
We just covered many ways to get a better price on Toyota Yaris insurance in Laredo. It’s most important to understand that the more you quote Laredo auto insurance, the higher the chance of saving money. Consumers may even find the best auto insurance rates are with an unexpected company.
Consumers leave their current company for any number of reasons including policy cancellation, delays in paying claims, lack of trust in their agent and unfair underwriting practices. Regardless of your reason for switching companies, finding a great new company can be less work than you think.
Cheaper car insurance in Laredo can be found from both online companies as well as from insurance agents, so you need to quote Laredo auto insurance with both to get a complete price analysis. Some insurance providers do not offer the ability to get a quote online and many times these smaller providers work with independent insurance agents.
More tips and info about car insurance can be read in the articles below:
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- How Much are Car Insurance Rates for a Jeep Grand Cherokee in Laredo? (FAQ)
- Who Has the Cheapest Laredo Car Insurance Rates for 18 Year Olds? (FAQ)
- What is Full Coverage? (Allstate)
- Determining Auto Insurance Rates (GEICO)
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)