Laredo, TX Car Insurance

How much does car insurance cost in Laredo?

The average car insurance rate in Laredo is $1,507 per year. That's more expensive than the average across Texas ($1,415) and cheaper than the national average of $1,548. Keep reading to learn more about how much you can expect to pay based on your marital status, age, credit score, and other common factors in Laredo.

LAREDO CAR INSURANCE RATES

Laredo Average (yearly)	Texas Average	U.S. Average
$1,507	$1,415	$1,548

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• Company
• Age group
• Marital status/gender
• Driving record
• Credit score

Laredo auto insurance rates by insurer

The best way to save on auto insurance is to compare rates from as many companies as possible, selecting the provider from which you receive the most affordable quote. In Laredo, GEICO offers the cheapest rates for the average insurance customer. We've gathered the best cheap car insurance companies in Laredo below. You should only use this list as a starting point: it's important to compare quotes specific to your unique driving profile.

LAREDO CAR INSURANCE RATES BY COMPANY

Insurer	Average Yearly Rate
GEICO	$1,262
USAA	$1,299
State Farm	$1,397
Allstate	$2,527

Check out our guide to learn how to find the best cheap car insurance.

Auto insurance premiums by age in Laredo

The age bracket that pays the least for auto insurance in Laredo consists of drivers in their 50s, who pay an average of $1,298. Drivers in their 60s pay marginally higher rates — $1,328 per year.

Teenage drivers pay Laredo's most expensive car insurance rates. One of the easiest ways to lower your car insurance rates as a driver in Laredo is to age out of your teenage years. The cost differential between the auto insurance rates paid by teenage drivers and drivers in their 20s in Laredo is $1,692, the largest such difference between any two age groups.

LAREDO AUTO INSURANCE COSTS BY AGE

Age	Average Annual Rate
Teenagers	$3,631
20s	$1,939
30s	$1,483
40s	$1,443
50s	$1,298
60s	$1,328
70s	$1,596

Learn more about the impact of age on car insurance premiums.

Laredo car insurance rates by marital status and gender

In some cases, a driver's gender and marital status may influence the car insurance rates they pay. Married drivers usually pay less for car insurance than their single counterparts. In Laredo, married motorists pay $111 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Laredo, widowed drivers pay less than those who are single.

Another component of auto insurance pricing is gender. In Laredo, male drivers pay $25 more per year for car insurance than do female drivers.

LAREDO CAR INSURANCE RATES: BY MARITAL STATUS AND GENDER

Gender/Marital Status	Average Yearly Rate
Female	$1,482
Male	$1,507
Single	$1,396
Married	$1,396
Divorced	$1,507
Widowed	$1,368

Learn more about how gender and marital status have on auto insurance rates.

Laredo auto insurance costs by accident and citation history

No matter where you live, steering clear of accidents and citations is the best way to keep your auto insurance rates affordable. Speeding citations, reckless driving charges, DUIs and DWIs, and at-fault accidents all tend to bring about rate increases.

Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Laredo, a reckless driving citation results in an average insurance rate increase of $739 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $759 increase and a speeding ticket triggers a $127 rate hike.

AVERAGE LAREDO INSURANCE RATES AFTER A VIOLATION OR ACCIDENT

Citation	Average Yearly Rate
DUI/DWI	$2,266
Reckless Driving	$2,247
At-fault Accident (damages < $1,000)	$1,873
At-fault Accident (damages greater than $2,000)	$2,235
Speeding Ticket (16-20 mph over speed limit)	$1,634

Learn more about citations' impact on your auto insurance rates.

Laredo car insurance costs by credit tier

Credit score is often closely correlated with car insurance costs. Laredo drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 60% on their auto insurance premiums. If you move from the "Very Poor" credit tier to the "Fair" credit tier, you could be in line for an auto insurance price adjustment. In Laredo, moving into the "Fair" credit tier corresponds to an average of $1,267 in savings on insurance each year.

LAREDO CAR INSURANCE RATES BY CREDIT TIER

Credit Tier	Average Yearly Rate
Very Poor	$3,134
Fair	$1,867
Good	$1,507
Very Good	$1,403
Exceptional	$1,250

Get additional information on how credit impacts car insurance costs.

What drives up car insurance rates in Laredo?

Where you live in Laredo affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by ZIP code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Laredo is no exception to the rule. From ZIP code 78040 to 78049, premiums rise by 11 percent—that’s $180.

Expensive Laredo ZIP codes: 78043, 78041, 78049

Cheap Laredo ZIP codes: 78040, 78045, 78046