A recent NerdWallet.com study revealed that the majority of drivers have purchased from the same company for well over three years, and about 40% of consumers have never quoted car insurance rates at all. Many drivers in Texas can cut their rates by about $1,770 a year, but they assume it’s a waste of time to compare rate quotes online.
The best way we recommend to quote cheaper car insurance rates is to do an annual price comparison from providers that insure vehicles in Laredo.
First, read about how auto insurance works and the modifications you can make to drop your rates. Many factors that cause high rates like traffic citations, accidents, and a less-than-favorable credit score can be rectified by making lifestyle changes or driving safer. This article provides instructions to prevent high rates and get discounts that may be available to you.
Second, get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agencies can quote prices from many different companies.
Third, compare the price quotes to your existing policy to see if switching to a new carrier will save money. If you can save some money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide notification to your current company of your intention to cancel the current policy. Submit any necessary down payment along with the completed application for the new coverage. Once coverage is bound, place your new certificate of insurance with the vehicle registration.
The most important part of this process is to try to compare identical deductibles and limits on each quote and and to get rates from every insurance company. This enables a level playing field and the best price quote selection.
Laredo auto insurance company ratings
Insuring your vehicle with a highly-rated insurance provider can be a challenge considering how many companies are available to choose from in Laredo. The company rank data listed below may help you decide which auto insurers you want to consider purchasing 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
Auto insurance coverages
Learning about specific coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement. These are typical coverages offered by car insurance companies.
Liability
This provides protection from damage that occurs to a person or their property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 30/60/25 which means a $30,000 limit per person for injuries, a per accident bodily injury limit of $60,000, and property damage coverage for $25,000. Another option is one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for claims such as court costs, structural damage, attorney fees, funeral expenses and legal defense fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford. Texas requires drivers to carry at least 30/60/25 but you should consider buying more coverage.
The chart below shows why minimum state limits may not provide you with enough coverage.
Protection from uninsured/underinsured drivers
This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Chevy Spark EV.
Due to the fact that many Texas drivers only carry the minimum required liability limits (Texas limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Medical expense insurance
Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for doctor visits, dental work and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Auto collision coverage
Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers claims like crashing into a ditch, scraping a guard rail, sustaining damage from a pot hole, driving through your garage door and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible on your Spark EV to get cheaper collision coverage.
Comprehensive (Other than Collision)
This pays for damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like hitting a deer, fire damage and vandalism. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Cheaper auto insurance is a realistic goal
We’ve covered some good ideas how to find affordable Chevy Spark EV insurance in Laredo. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. Drivers may even discover the lowest prices come from a company that doesn’t do a lot of advertising. These smaller insurers may often insure only within specific states and give better rates than their larger competitors like State Farm and Allstate.
Some companies do not provide online rate quotes and many times these small, regional companies only sell through independent insurance agents. Low-cost Chevy Spark EV insurance in Laredo is possible on the web and from local insurance agents, and you need to price shop both to have the best selection.
Much more information about auto insurance in Texas is available below:
- Teen Driver Licensing Information (iihs.org)
- How Much are Car Insurance Rates for a Jeep Grand Cherokee in Laredo? (FAQ)
- How Much is Auto Insurance for Teenage Males in Laredo? (FAQ)
- Who Has Cheap Laredo Auto Insurance for Uber Drivers? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- State Car Insurance Guides (GEICO)