How Much Does Car Insurance Cost in Laredo?
Laredo is known for its costly premiums, as its mean premium is 13% greater than the state average. So being knowledgeable about premiums while insuring a vehicle in Laredo is especially critical. Let's compare car insurance costs in Laredo versus premiums across the nation.
CAR INSURANCE PRICES: LAREDO VS. STATE/NATIONAL MEAN
|City Average||State Average||National Average|
Laredo Auto Insurance by Credit Rating
Average car insurance premiums in Laredo for individuals with Very Poor credit (300-579) are over double the premiums for those with Exceptional credit (800-850). Drivers will see the biggest percent reduction in premiums when they improve their credit from Very Poor (300-579) to Fair (580-669). That change can save them 35% per year.
LAREDO AUTO INSURANCE COSTS BY CREDIT TIER
|Credit Score||Average Car Insurance Rate|
Laredo Car Insurance With Accidents or Violations
Does your driving record show a history of accidents or violations? That may cost you in terms of premiums. Many people treat speed limits with leniency, but did you know that a ticket for speeding (16-20mph over the limit) can cost you extra $112 per year in car insurance premiums? In Laredo, drivers with a DUI have rates that exceed the city average of $2,020 by 35%. Reckless driving will drive your rates up as well, with average rates of $2,795, which are 38% higher than the city average.
AVERAGE LAREDO INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident or Violation||Average Rate|
|At-fault Accident (damages less than $1,000)||$2,585|
|At-fault Accident (damages greater than $2,000)||$3,015|
|Speeding Ticket (16-20 mph over speed limit)||$2,132|
Laredo Car Insurance by Gender and Marital Status
Pricing for car insurance premiums in Laredo is determined by a lot of things, including gender and marital status. Premiums for men and women tend to differ by 2%, with men paying more. Believe it or not, marital status has a substantial impact on premiums. Married individuals save 11% per year compared to those who are single or divorced. Rates for those who are widowed are also way cheaper than rates for those who are single.
LAREDO CAR INSURANCE RATES BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
Laredo Car Insurance Costs by Driver Age
With average car insurance payments of $6,242, teenage drivers have the largest premiums of any age group. Drivers in their 50s save money on premiums, as they have the smallest rates among all age groups, paying only $1,692 annually. Those in their 60s ($1,743) aren’t paying much more. The most significant decline in premiums for Laredo drivers happens when they hit their 20s. Once out of the teenage age bracket, people pay $4,550 less in premiums. While insurance rates for drivers will continue to shrink through their 50s, they should expect to pay more when they hit 60.
LAREDO CAR INSURANCE PREMIUMS BY AGE
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
Laredo Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Laredo, you can expect 59 rainy days with an annual rainfall of 22 inches. Laredo is also known to experience thunderstorms and flash floods. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Find Local Laredo Agents
Aschere Insurance Group LLC
205 Lake Carnegie Ct Laredo, TX 78041
Cavazos Insurance Agency
2107 San Bernardo Ave Laredo, TX 78040
AlphaSure Affordable Insurance Services
1620 Chihuahua St Laredo, TX 78043
GSM Insurors Services of South Texas, Inc.
6019 McPherson Rd Unit 11 Laredo, TX 78041
Henri D Kahn Insurance Service, LLC
112 Del Court, Suite B Laredo, TX 78041
Medina & Wright Insurance Agency
2212 Seymour Ave Laredo, TX 78040
2212 Santa Ursula Ave Laredo, TX 78040
Kahn Insurance Agency, LLC
112 Del Ct Ste B Laredo, TX 78041
Cubriel Insurance Agency, LLC
6010 McPherson Rd., Unit D2 Laredo, TX 78041
IBC Insurance Agency Ltd
5800 San Dario Ave. Laredo, TX 78041
SafeGuard Insurance Agency
104. E. Calton Rd Ste 101 Laredo, TX 78041
SafeGuard Insurance Agency
4205 Jaime Zapata Hwy #23 Laredo, TX 78041
212 Bob Bullock Laredo, TX 78041
Delgado Insurance Agency, LC
9902 McPherson Rd Laredo, TX 78045
7718 McPherson Rd Laredo, TX 78045
The average Laredo resident's annual cost of coverage
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