The best way we recommend to get more affordable car insurance rates in Laredo is to start doing an annual price comparison from different companies in Texas.
- Read about the different coverages in a policy and the modifications you can make to prevent expensive coverage. Many rating factors that drive up the price such as traffic citations, accidents, and an unacceptable credit score can be eliminated by making lifestyle changes or driving safer.
- Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or Allstate, while agents who are independent can provide prices from many different companies. View insurance agents
- Compare the quotes to your current policy to see if a cheaper price is available. If you find a lower rate quote, make sure there is no lapse in coverage.
- Notify your agent or company to cancel your current car insurance policy and submit the completed application along with a down payment to your new agent or company. As soon as you receive it, place the new proof of insurance paperwork above your visor, in the console, or in the glove compartment.
An important note is that you’ll want to compare identical coverage information on every quote and and to get prices from all possible companies. Doing this provides a level playing field and a complete rate analysis.
It’s hard to believe, but most auto insurance buyers have been with the same company for well over three years, and approximately 38% of consumers have never taken the time to shop around. Drivers in Laredo could save themselves approximately 70% a year just by comparing rates, but they won’t spend time to find cheaper auto insurance rates.
Finding a lower price on insurance is an easy way to save money. Just take a few minutes to compare rate quotes from online providers.
The car insurance companies shown below are ready to provide free rate quotes in Texas. To find the cheapest auto insurance in Laredo, we recommend you compare several of them in order to get a fair rate comparison.
Car insurance just makes sense
Despite the high cost of buying insurance for a Mitsubishi Outlander in Laredo, insuring your vehicle is required for several reasons.
- Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Mitsubishi has a lienholder, more than likely the lender will have a requirement that you buy full coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the lender may insure your Mitsubishi at a more expensive rate and force you to reimburse them the higher price.
- Insurance safeguards both your Mitsubishi and your personal assets. It will also provide coverage for most medical and hospital costs for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance definitely exceed the cost, particularly when you have a large claim. In a recent study of 1,000 drivers, the average customer overpays as much as $800 each year so shop around at every policy renewal to make sure the price is not too high.
Insurance coverage analysis
The rate table shown next showcases a range of insurance policy prices for Mitsubishi Outlander models. Learning as much as possible about how insurance quotes are calculated can be useful when making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $166 | $288 | $334 | $20 | $100 | $908 | $76 |
| Outlander SE 4WD | $166 | $288 | $334 | $20 | $100 | $908 | $76 |
| Outlander SE 4WD | $166 | $288 | $334 | $20 | $100 | $908 | $76 |
| Outlander SE 2WD | $166 | $288 | $334 | $20 | $100 | $908 | $76 |
| Outlander SE 2WD | $166 | $288 | $334 | $20 | $100 | $908 | $76 |
| Outlander ES 4WD | $166 | $288 | $334 | $20 | $100 | $908 | $76 |
| Outlander XLS 2WD | $186 | $338 | $334 | $20 | $100 | $978 | $82 |
| Outlander XLS 4WD | $186 | $338 | $334 | $20 | $100 | $978 | $82 |
| Outlander GT-S AWC 4WD | $186 | $338 | $334 | $20 | $100 | $978 | $82 |
| Outlander GT-S AWC 4WD | $186 | $338 | $334 | $20 | $100 | $978 | $82 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Price estimates do not factor in vehicle location which can decrease or increase premium rates significantly.
An analysis of deductible level
A question often asked by Laredo drivers is the level to set your comp and collision deductibles. The figures shown below may aid in understanding the differences in premium rates between low and high insurance deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $328 | $592 | $324 | $20 | $96 | $1,385 | $115 |
| Outlander SE 4WD | $328 | $592 | $324 | $20 | $96 | $1,385 | $115 |
| Outlander SE 4WD | $328 | $592 | $324 | $20 | $96 | $1,385 | $115 |
| Outlander SE 2WD | $328 | $592 | $324 | $20 | $96 | $1,385 | $115 |
| Outlander SE 2WD | $328 | $592 | $324 | $20 | $96 | $1,385 | $115 |
| Outlander ES 4WD | $328 | $592 | $324 | $20 | $96 | $1,385 | $115 |
| Outlander XLS 2WD | $370 | $698 | $324 | $20 | $96 | $1,533 | $128 |
| Outlander XLS 4WD | $370 | $698 | $324 | $20 | $96 | $1,533 | $128 |
| Outlander GT-S AWC 4WD | $370 | $698 | $324 | $20 | $96 | $1,533 | $128 |
| Outlander GT-S AWC 4WD | $370 | $698 | $324 | $20 | $96 | $1,533 | $128 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $240 | $400 | $324 | $20 | $96 | $1,080 | $90 |
| Outlander SE 4WD | $240 | $400 | $324 | $20 | $96 | $1,080 | $90 |
| Outlander SE 4WD | $240 | $400 | $324 | $20 | $96 | $1,080 | $90 |
| Outlander SE 2WD | $240 | $400 | $324 | $20 | $96 | $1,080 | $90 |
| Outlander SE 2WD | $240 | $400 | $324 | $20 | $96 | $1,080 | $90 |
| Outlander ES 4WD | $240 | $400 | $324 | $20 | $96 | $1,080 | $90 |
| Outlander XLS 2WD | $270 | $472 | $324 | $20 | $96 | $1,182 | $99 |
| Outlander XLS 4WD | $270 | $472 | $324 | $20 | $96 | $1,182 | $99 |
| Outlander GT-S AWC 4WD | $270 | $472 | $324 | $20 | $96 | $1,182 | $99 |
| Outlander GT-S AWC 4WD | $270 | $472 | $324 | $20 | $96 | $1,182 | $99 |
| 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, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in garaging location in Laredo which can affect auto insurance rates considerably.
Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $26 more each month or $312 every year than choosing the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 15 months between claims, you would most likely save money if you choose a higher deductible.
Do you need full coverage?
The diagram below illustrates the comparison of Mitsubishi Outlander auto insurance costs with liability coverage only compared to full coverage. The premiums assume no violations or accidents, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
Should you pay for full coverage or liability only?
There is no definitive rule to stop paying for physical damage coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Mitsubishi Outlander replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after paying your deductible. If you are paying over $200 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are a few situations where buying only liability insurance is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.
Insurance policy discounts you can’t miss
Not too many consumers would say insurance is affordable, but you may qualify for discounts to help bring down the price. A few discounts will automatically apply at the time of quoting, but some discounts are required to be asked about prior to getting the savings. If you check and find you aren’t receiving every discount available, you could be saving more on your insurance.
- Anti-theft System – Cars and trucks equipped with tracking devices and advanced anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
- Discount for Swiching Early – A few insurance companies give discounts for signing up prior to your current Outlander insurance policy expiration. It could save around 10% when you buy Laredo car insurance online.
- Multiple Cars – Buying coverage for multiple cars on the same insurance policy qualifies for this discount.
- New Vehicle Savings – Adding a new car to your policy can cost up to 25% less because newer vehicles have to meet stringent safety requirements.
- Payment Method – If you pay your entire premium ahead of time instead of paying each month you can avoid the installment charge.
- Senior Discount – Seniors can possibly qualify for a slight reduction on a Laredo car insurance quote.
- Employee of Federal Government – Simply working for the federal government may qualify for a discount when you quote Laredo car insurance with a few insurance companies.
You should keep in mind that some of the credits will not apply to the entire policy premium. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Even though it appears adding up those discounts means a free policy, nobody gets a free ride.
The illustration below shows the comparison of Mitsubishi Outlander insurance premiums with and without discounts applied. The rates are based on a male driver, no claims or violations, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, marriage, homeowner, and multi-car discounts applied.
A list of insurance companies and the discounts they provide can be read below.
- State Farm offers discounts including Drive Safe & Save, Steer Clear safe driver discount, good student, passive restraint, driver’s education, and accident-free.
- Nationwide may include discounts for business or organization, Farm Bureau membership, multi-policy, accident-free, family plan, good student, and anti-theft.
- GEICO has discounts for anti-lock brakes, multi-vehicle, seat belt use, air bags, driver training, and anti-theft.
- AAA offers premium reductions for pay-in-full, AAA membership discount, good driver, anti-theft, multi-policy, education and occupation, and good student.
- 21st Century has savings for driver training, good student, homeowners, teen driver, and defensive driver.
- The Hartford offers discounts for driver training, defensive driver, good student, air bag, bundle, anti-theft, and vehicle fuel type.
When quoting, ask each insurance company what discounts are available to you. Depending on the company, some discounts may not be available everywhere. To locate insurance companies that offer many of these discounts in Texas, click this link.
Compare rate quotes but buy from a local Laredo insurance agent
A lot of people would prefer to buy from a local agent and that is recommended in a lot of cases Experienced insurance agents can help you build your policy and help submit paperwork. The best thing about comparing rate quotes online is that you can obtain the best rates and also buy local.
For easy comparison, once you complete this quick form, your insurance data is immediately sent to insurance agents in Laredo who want to provide quotes for your auto insurance coverage. You never need to leave your computer since price quotes are sent directly to your email. If you need to get a rate quote from a specific auto insurance provider, you would need to search and find their rate quote page and fill out their quote form.
Finding the right insurer should depend on more than just a cheap price. These are some valid questions you should ask.
- How long has the business existed?
- Does the quote include credit and driving reports?
- Does the agent have a valid license to sell insurance in Texas?
- Does the company allow you to choose your own collision repair facility?
- How will an accident affect your rates?
- Can glass repairs be made at your home?
- Can they help ensure a fair claim settlement?
- Will the company cover a rental car if your car is getting fixed?
If you are wanting to find a reputable insurance agent or broker, it can be helpful to understand the different types of agencies and how they differ in how they can insure your vehicles. Agencies in Laredo are considered either independent agents or exclusive agents. Either one can write policy coverage, but it’s worth learning the difference between them because it can impact the selection process.
Exclusive Insurance Agencies
Agents that choose to be exclusive work for only one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot provide other company’s prices so you might not find the best rates. They receive a lot of sales training on their products and sales techniques which can be an advantage. Consumers sometimes purchase coverage from exclusives mainly due to the prominence of the brand instead of buying on price only.
Below are exclusive agents in Laredo who may provide you with price quotes.
- Farmers Insurance – Cynthia Cardenas
6909 Springfield Ave #103 – Laredo, TX 78041 – (956) 724-8200 – View Map - State Farm: Manuel Gomez III
4311 Clark Blvd – Laredo, TX 78043 – (956) 333-0000 – View Map - Allstate Insurance Agent: Luis Cardenas
1418 E Saunders St Ste 1 – Laredo, TX 78041 – (956) 726-8944 – View Map
Independent Insurance Agents
Independent agents do not have single company limitations and that gives them the ability to insure with multiple insurance companies and get the cheapest rates. To move your coverage to a new company, your agent can switch companies and that require little work on your part. If you are trying to find cheaper rates, you will want to get rate quotes from several independent insurance agents so that you can do a thorough price comparison. Most also write with smaller companies which may provide better rates.
Listed below are independent insurance agencies in Laredo who can help you get price quotes.
- South Texas Insurance
4815 San Bernardo Ave – Laredo, TX 78041 – (956) 729-1010 – View Map - Insurance and Financial Services At Champions LLC
6019 McPherson Rd Ste 6 – Laredo, TX 78041 – (956) 717-5770 – View Map - J and E Insurance
1701 S Malinche Ave – Laredo, TX 78046 – (956) 791-1633 – View Map
Laredo car insurance companies ranked
Choosing the top insurer can be challenging considering how many different companies sell coverage in Laredo. The company ratings below could help you select which providers to look at purchasing a policy from.
| 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
Don’t give up on cheaper premiums
While you’re price shopping online, it’s not a good idea to skimp on coverage in order to save money. In too many instances, an accident victim reduced full coverage only to find out that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage for the lowest cost but still have enough coverage for asset protection.
People leave their current company for a variety of reasons including extreme rates for teen drivers, being labeled a high risk driver, poor customer service or even lack of trust in their agent. Regardless of your reason, finding a great new company is easier than you think.
You just read a lot of techniques to get a better price on Mitsubishi Outlander insurance in Laredo. The key thing to remember is the more providers you compare, the higher the chance of saving money. You may even find the best price on auto insurance is with some of the lesser-known companies.
Additional information can be read on the following sites:
- Auto Insurance FAQ (Farmers Insurance)
- Who Has Cheap Car Insurance for a Company Car in Laredo? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Jeep Wrangler in Laredo? (FAQ)
- Who Has Cheap Laredo Auto Insurance Rates for Low Income Drivers? (FAQ)
- What Car Insurance is Cheapest for Handicapped Drivers in Laredo? (FAQ)
- Who Has Affordable Laredo Car Insurance for Low Mileage Drivers? (FAQ)
- What Insurance is Cheapest for a Ford Escape in Laredo? (FAQ)
- How do I File a Claim? (Insurance Information Institute)
- Older Drivers FAQ (iihs.org)
- Auto Theft Statistics (Insurance Information Institute)
- Young Drivers: The High Risk Years Video (iihs.org)