Compare Rates and Save on Auto Insurance

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The cheapest auto insurer depends on your coverage needs and driving record. The most affordable minimum and full coverage provider in Laredo is State Farm. It's also the cheapest for military members and for those with at-fault accidents or speeding tickets on record. Meanwhile, Nationwide is the cheapest for teens and Mercury for drivers with DUIs. Texas Farm Bureau is the best auto insurer overall, while Chubb offers the best service.

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2023

Cheapest and Best Car Insurance in Laredo, TX

Cheapest Minimum Liability Car Insurance in Laredo

The following companies provide the lowest minimum coverage auto insurance rates in Laredo:

  • State Farm: $314 per year
  • Mercury: $385 per year

Similarly, State Farm also offers the cheapest car insurance in Texas at $300 per year as of October 2022. Meanwhile, Dairyland charges the most for a minimum coverage policy, at $1,117 annually.

Company
Annual Premium
Monthly Premium

State Farm

$292

$24

State Farm

$314

$26

Texas Farm Bureau

$348

$29

State Farm

$383

$32

Mercury

$385

$32

Allstate

$388

$32

Allstate

$397

$33

Texas Farm Bureau

$400

$33

AAA Texas

$413

$34

Mercury

$423

$35

AAA Texas

$434

$36

Allstate

$485

$40

GEICO

$495

$41

Mercury

$499

$42

GEICO

$519

$43

Texas Farm Bureau

$520

$43

AAA Texas

$532

$44

Chubb

$556

$46

GEICO

$562

$47

Nationwide

$598

$50

Chubb

$611

$51

Progressive

$623

$52

Nationwide

$627

$52

Progressive

$634

$53

State Farm

$670

$56

Foremost

$698

$58

National General

$730

$61

Progressive

$750

$62

State Farm

$753

$63

National General

$754

$63

Texas Farm Bureau

$762

$64

Foremost

$828

$69

Nationwide

$849

$71

Allstate

$855

$71

Mercury

$895

$75

National General

$928

$77

Texas Farm Bureau

$931

$78

Mercury

$932

$78

GEICO

$946

$79

State Farm

$956

$80

Foremost

$960

$80

Allstate

$962

$80

GEICO

$992

$83

AAA Texas

$999

$83

AAA Texas

$1,030

$86

Nationwide

$1,054

$88

Dairyland

$1,063

$89

Chubb

$1,072

$89

Dairyland

$1,117

$93

Texas Farm Bureau

$1,152

$96

GEICO

$1,154

$96

Mercury

$1,210

$101

Chubb

$1,239

$103

Allstate

$1,287

$107

Dairyland

$1,314

$110

Nationwide

$1,320

$110

AAA Texas

$1,323

$110

Progressive

$1,405

$117

Chubb

$1,455

$121

Progressive

$1,460

$122

Nationwide

$1,592

$133

Foremost

$1,592

$133

Foremost

$1,692

$141

Dairyland

$1,779

$148

Progressive

$1,813

$151

National General

$1,817

$151

National General

$1,972

$164

Dairyland

$2,006

$167

Foremost

$2,112

$176

Chubb

$2,190

$182

National General

$2,294

$191

Dairyland

$2,434

$203

According to Texas state law, a minimum coverage policy must cover property damage and bodily injury with the following limits:

  • $30,000 bodily injury liability per person
  • $60,000 bodily injury liability per accident
  • $25,000 property damage liability per accident

To better explain, insurance companies will only pay $30,000 for bodily injury liability per person involved in an accident, up to $60,000 per incident, regardless of how many are injured. Additionally, they will pay up to $25,000 in property damage for each accident.

Cheapest Full Coverage Car Insurance in Laredo

The following auto insurance providers offer full coverage policies at the lowest prices:

  • State Farm: $753 per year
  • Mercury: $895 per year

Dairyland charges the highest premium for a full coverage policy at $2,006 annually. As of October 2022, State Farm also offers the most affordable full coverage auto insurance in Texas.

Company
Annual Premium
Monthly Premium

State Farm

$292

$24

State Farm

$314

$26

Texas Farm Bureau

$348

$29

State Farm

$383

$32

Mercury

$385

$32

Allstate

$388

$32

Allstate

$397

$33

Texas Farm Bureau

$400

$33

AAA Texas

$413

$34

Mercury

$423

$35

AAA Texas

$434

$36

Allstate

$485

$40

GEICO

$495

$41

Mercury

$499

$42

GEICO

$519

$43

Texas Farm Bureau

$520

$43

AAA Texas

$532

$44

Chubb

$556

$46

GEICO

$562

$47

Nationwide

$598

$50

Chubb

$611

$51

Progressive

$623

$52

Nationwide

$627

$52

Progressive

$634

$53

State Farm

$670

$56

Foremost

$698

$58

National General

$730

$61

Progressive

$750

$62

State Farm

$753

$63

National General

$754

$63

Texas Farm Bureau

$762

$64

Foremost

$828

$69

Nationwide

$849

$71

Allstate

$855

$71

Mercury

$895

$75

National General

$928

$77

Texas Farm Bureau

$931

$78

Mercury

$932

$78

GEICO

$946

$79

State Farm

$956

$80

Foremost

$960

$80

Allstate

$962

$80

GEICO

$992

$83

AAA Texas

$999

$83

AAA Texas

$1,030

$86

Nationwide

$1,054

$88

Dairyland

$1,063

$89

Chubb

$1,072

$89

Dairyland

$1,117

$93

Texas Farm Bureau

$1,152

$96

GEICO

$1,154

$96

Mercury

$1,210

$101

Chubb

$1,239

$103

Allstate

$1,287

$107

Dairyland

$1,314

$110

Nationwide

$1,320

$110

AAA Texas

$1,323

$110

Progressive

$1,405

$117

Chubb

$1,455

$121

Progressive

$1,460

$122

Nationwide

$1,592

$133

Foremost

$1,592

$133

Foremost

$1,692

$141

Dairyland

$1,779

$148

Progressive

$1,813

$151

National General

$1,817

$151

National General

$1,972

$164

Dairyland

$2,006

$167

Foremost

$2,112

$176

Chubb

$2,190

$182

National General

$2,294

$191

Dairyland

$2,434

$203

Full coverage policies include comprehensive and collision coverage.

  • Collision Insurance: Pays for repairing or replacing your car after a collision with an object or other vehicle.
  • Comprehensive Insurance: Pays for damages to your car caused by theft, vandalism and weather-related events.

Full coverage policies may not be cost effective for older, low-value cars.

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Cheapest Car Insurance in Laredo After a Driving Offense

The following auto insurance companies charge the lowest rates to customers with driving violations:

  • Speeding ticket: State Farm ($753 per year)
  • At-fault accident: State Farm ($908 per year)
  • DUI: Mercury ($1,207 per year)

Their most expensive counterparts are Dairyland after a speeding ticket ($2,471), Foremost after an at-fault accident ($3,674) and Chubb after a DUI ($2,849). Even the cheapest rates for policyholders with violations are higher than for those with clean records.

Company
Annual Premium
Monthly Premium

State Farm

$292

$24

State Farm

$314

$26

Texas Farm Bureau

$348

$29

State Farm

$376

$31

State Farm

$383

$32

Allstate

$388

$32

Allstate

$397

$33

State Farm

$400

$33

Texas Farm Bureau

$400

$33

State Farm

$478

$40

Allstate

$485

$40

Texas Farm Bureau

$520

$43

Mercury

$537

$45

AAA Texas

$555

$46

Mercury

$555

$46

GEICO

$557

$46

State Farm

$583

$49

AAA Texas

$583

$49

GEICO

$584

$49

Chubb

$601

$50

State Farm

$607

$51

GEICO

$608

$51

AAA Texas

$624

$52

Texas Farm Bureau

$629

$52

Mercury

$652

$54

AAA Texas

$655

$55

AAA Texas

$656

$55

Mercury

$658

$55

Chubb

$660

$55

Allstate

$662

$55

GEICO

$664

$55

State Farm

$670

$56

Texas Farm Bureau

$672

$56

Mercury

$676

$56

Allstate

$679

$57

State Farm

$684

$57

AAA Texas

$688

$57

Progressive

$699

$58

Allstate

$710

$59

Mercury

$710

$59

Nationwide

$710

$59

AAA Texas

$715

$60

GEICO

$719

$60

Allstate

$729

$61

GEICO

$733

$61

Nationwide

$739

$62

Progressive

$745

$62

State Farm

$753

$63

Progressive

$754

$63

Texas Farm Bureau

$762

$64

Foremost

$783

$65

AAA Texas

$803

$67

Progressive

$806

$67

Mercury

$807

$67

State Farm

$821

$68

National General

$830

$69

Allstate

$830

$69

Foremost

$831

$69

Chubb

$831

$69

Progressive

$838

$70

AAA Texas

$842

$70

National General

$842

$70

GEICO

$848

$71

GEICO

$848

$71

Allstate

$855

$71

National General

$856

$71

Texas Farm Bureau

$865

$72

National General

$875

$73

Texas Farm Bureau

$877

$73

Allstate

$891

$74

Progressive

$895

$75

State Farm

$908

$76

Chubb

$913

$76

GEICO

$928

$77

Texas Farm Bureau

$931

$78

Foremost

$937

$78

State Farm

$956

$80

Mercury

$959

$80

Allstate

$962

$80

Nationwide

$973

$81

Texas Farm Bureau

$1,002

$84

Foremost

$1,004

$84

Nationwide

$1,005

$84

Progressive

$1,016

$85

Nationwide

$1,044

$87

Foremost

$1,049

$87

Mercury

$1,050

$88

National General

$1,051

$88

National General

$1,054

$88

Dairyland

$1,074

$90

Chubb

$1,087

$91

Foremost

$1,097

$91

Progressive

$1,105

$92

GEICO

$1,117

$93

Dairyland

$1,127

$94

State Farm

$1,130

$94

National General

$1,145

$95

Texas Farm Bureau

$1,152

$96

GEICO

$1,154

$96

Chubb

$1,159

$97

Progressive

$1,175

$98

Chubb

$1,194

$100

State Farm

$1,195

$100

National General

$1,197

$100

Mercury

$1,207

$101

Nationwide

$1,252

$104

Nationwide

$1,258

$105

Texas Farm Bureau

$1,259

$105

State Farm

$1,282

$107

AAA Texas

$1,282

$107

Allstate

$1,287

$107

Mercury

$1,290

$108

Nationwide

$1,292

$108

GEICO

$1,294

$108

AAA Texas

$1,312

$109

Texas Farm Bureau

$1,325

$110

Dairyland

$1,327

$111

Chubb

$1,339

$112

GEICO

$1,346

$112

GEICO

$1,354

$113

Allstate

$1,359

$113

Mercury

$1,361

$113

National General

$1,372

$114

AAA Texas

$1,407

$117

Allstate

$1,426

$119

Nationwide

$1,428

$119

AAA Texas

$1,437

$120

Dairyland

$1,441

$120

Texas Farm Bureau

$1,454

$121

AAA Texas

$1,463

$122

Allstate

$1,492

$124

AAA Texas

$1,492

$124

State Farm

$1,504

$125

Nationwide

$1,506

$126

Mercury

$1,511

$126

GEICO

$1,517

$126

Dairyland

$1,519

$127

Mercury

$1,536

$128

Nationwide

$1,550

$129

Allstate

$1,555

$130

Texas Farm Bureau

$1,562

$130

Chubb

$1,572

$131

Dairyland

$1,594

$133

Chubb

$1,603

$134

Mercury

$1,621

$135

Dairyland

$1,637

$136

Progressive

$1,655

$138

GEICO

$1,659

$138

Progressive

$1,669

$139

GEICO

$1,688

$141

AAA Texas

$1,694

$141

Dairyland

$1,720

$143

GEICO

$1,742

$145

Progressive

$1,790

$149

Dairyland

$1,790

$149

Foremost

$1,800

$150

Mercury

$1,805

$150

Foremost

$1,812

$151

Progressive

$1,812

$151

Texas Farm Bureau

$1,814

$151

Nationwide

$1,825

$152

Nationwide

$1,847

$154

Chubb

$1,853

$154

AAA Texas

$1,860

$155

Texas Farm Bureau

$1,881

$157

Dairyland

$1,883

$157

Foremost

$1,928

$161

AAA Texas

$1,933

$161

Foremost

$1,940

$162

Allstate

$1,998

$166

Nationwide

$2,001

$167

Dairyland

$2,017

$168

Progressive

$2,023

$169

Foremost

$2,079

$173

Allstate

$2,086

$174

Chubb

$2,099

$175

National General

$2,126

$177

Foremost

$2,137

$178

Progressive

$2,158

$180

Chubb

$2,174

$181

Mercury

$2,178

$181

Mercury

$2,213

$184

National General

$2,235

$186

Foremost

$2,278

$190

Nationwide

$2,309

$192

Progressive

$2,332

$194

Foremost

$2,337

$195

National General

$2,349

$196

Chubb

$2,366

$197

National General

$2,379

$198

Texas Farm Bureau

$2,395

$200

Progressive

$2,413

$201

Chubb

$2,426

$202

Dairyland

$2,447

$204

Foremost

$2,454

$205

Nationwide

$2,462

$205

Dairyland

$2,471

$206

Dairyland

$2,471

$206

Nationwide

$2,556

$213

National General

$2,606

$217

Progressive

$2,740

$228

Dairyland

$2,766

$231

Dairyland

$2,778

$231

National General

$2,826

$235

Chubb

$2,849

$237

Dairyland

$2,904

$242

National General

$2,959

$247

Nationwide

$3,063

$255

Dairyland

$3,077

$256

National General

$3,158

$263

Chubb

$3,274

$273

National General

$3,305

$275

Foremost

$3,674

$306

Foremost

$4,266

$355

Chubb

$4,289

$357

Foremost

$4,337

$361

Although not always the case, the more severe the violation, the higher the rate increase. In Laredo, drivers will pay an average of $258 more after a speeding ticket and $607 more after a DUI charge. However, you can still find cheap car insurance with a bad driving record.

Cheapest Car Insurance in Laredo for Teens and Their Families

The following companies offer the most affordable rates for adding a teenager to a family policy in Laredo:

  • State Farm: $1,956 per year for female teens and $2,366 per year for male teens
  • Nationwide: $1,956 per year for female teens and $1,958 per year for male teens

Allstate provides the most expensive teen family insurance policies, with annual premiums averaging $6,813 for female teens and $8,018 for male teens. Male teens are considered riskier to insure and typically pay higher premiums. This discrepancy drops off in early adulthood.

Company
Family Plan Annual Premium
Individual Plan Monthly Premium

State Farm

$695

$3,207

State Farm

$810

$3,737

State Farm

$831

$4,362

State Farm

$873

$4,025

State Farm

$1,162

$3,853

State Farm

$1,273

$4,619

Nationwide

$1,284

$2,971

Nationwide

$1,299

$3,198

State Farm

$1,305

$4,326

Nationwide

$1,357

$3,989

State Farm

$1,378

$5,336

State Farm

$1,435

$4,759

Nationwide

$1,438

$4,581

Nationwide

$1,446

$3,345

Nationwide

$1,467

$3,734

Nationwide

$1,524

$3,526

State Farm

$1,527

$6,371

Nationwide

$1,536

$3,779

Nationwide

$1,550

$4,273

State Farm

$1,554

$5,641

State Farm

$1,595

$5,874

GEICO

$1,618

$2,933

Nationwide

$1,629

$4,007

GEICO

$1,635

$3,540

GEICO

$1,638

$2,826

GEICO

$1,658

$3,006

GEICO

$1,662

$2,866

GEICO

$1,673

$3,537

GEICO

$1,697

$3,230

Allstate

$1,729

$2,270

GEICO

$1,731

$3,138

GEICO

$1,733

$3,240

GEICO

$1,753

$3,023

State Farm

$1,756

$7,233

Nationwide

$1,824

$6,500

Nationwide

$1,861

$7,642

Allstate

$1,861

$2,340

State Farm

$1,898

$8,051

Nationwide

$1,903

$5,593

State Farm

$1,912

$7,040

GEICO

$1,920

$4,741

GEICO

$1,937

$4,194

State Farm

$1,952

$8,039

State Farm

$1,956

$8,901

Nationwide

$1,958

$8,262

Progressive

$1,991

$3,087

GEICO

$1,993

$4,828

Nationwide

$2,000

$8,210

GEICO

$2,024

$4,281

Nationwide

$2,064

$8,315

Progressive

$2,070

$5,057

Progressive

$2,072

$3,053

GEICO

$2,083

$5,672

Allstate

$2,097

$2,753

Nationwide

$2,121

$9,672

State Farm

$2,125

$9,041

Allstate

$2,130

$3,230

Nationwide

$2,143

$6,824

GEICO

$2,170

$5,831

Nationwide

$2,232

$10,463

Allstate

$2,235

$2,935

Progressive

$2,250

$5,475

Nationwide

$2,280

$10,397

GEICO

$2,322

$6,323

Foremost

$2,349

$3,875

State Farm

$2,358

$10,035

Progressive

$2,362

$3,481

State Farm

$2,366

$11,126

GEICO

$2,386

$7,494

Progressive

$2,411

$3,739

Foremost

$2,414

$3,334

Allstate

$2,445

$3,073

GEICO

$2,457

$6,603

Progressive

$2,474

$6,865

Progressive

$2,494

$4,382

Allstate

$2,498

$3,760

Allstate

$2,525

$3,665

GEICO

$2,525

$7,921

Foremost

$2,531

$3,495

Progressive

$2,532

$4,738

Foremost

$2,541

$3,668

Progressive

$2,543

$6,214

Foremost

$2,564

$3,541

Progressive

$2,567

$3,782

Foremost

$2,595

$4,411

Foremost

$2,622

$3,500

Progressive

$2,668

$4,136

Allstate

$2,694

$3,386

Progressive

$2,801

$7,836

Foremost

$2,819

$3,762

Foremost

$2,872

$4,148

Progressive

$2,934

$7,139

Foremost

$2,939

$3,923

Allstate

$2,952

$4,282

Foremost

$3,100

$10,346

Progressive

$3,143

$14,089

Foremost

$3,188

$10,484

Foremost

$3,231

$10,784

Foremost

$3,354

$11,031

Allstate

$3,357

$5,933

Foremost

$3,438

$6,738

Allstate

$3,458

$5,019

Foremost

$3,472

$6,825

Progressive

$3,499

$15,813

Progressive

$3,513

$16,424

Foremost

$3,658

$15,499

Progressive

$3,730

$16,719

Foremost

$3,806

$6,471

Foremost

$3,811

$16,080

Progressive

$3,864

$18,129

Foremost

$3,881

$6,402

Allstate

$3,960

$7,024

Progressive

$4,083

$18,451

Allstate

$4,086

$5,928

Allstate

$5,138

$7,151

Allstate

$6,041

$8,423

Allstate

$6,291

$8,755

Allstate

$6,813

$12,537

Allstate

$7,397

$10,313

Allstate

$8,018

$14,799

Teens buying auto insurance on their own will have to pay much more than if they are added to a family policy. In Laredo, a 16-year-old male will pay $3,267 more for an individual policy. To find cheap car insurance for teenagers, compare quotes and take advantage of student discounts.

Cheapest Car Insurance in Laredo for Military Drivers

MoneyGeek researched the cheapest car insurance for military members and their families. The following are Laredo’s cheapest providers for a full coverage policy:

  • State Farm: $753 per year
  • Mercury: $895 per year

Another great option, and the third cheapest in this category, is USAA. It offers services tailored to policyholders with military backgrounds and is available for $927 per year.

State Farm is still the cheapest for minimum coverage policies at $314 per year, and Mercury is the second at $385 per year.

Company
Annual Premium
Monthly Premium

State Farm

$292

$24

State Farm

$314

$26

Texas Farm Bureau

$348

$29

State Farm

$383

$32

Mercury

$385

$32

Allstate

$388

$32

Allstate

$397

$33

USAA

$400

$33

Texas Farm Bureau

$400

$33

AAA Texas

$413

$34

Mercury

$423

$35

USAA

$428

$36

AAA Texas

$434

$36

USAA

$481

$40

Allstate

$485

$40

GEICO

$495

$41

Mercury

$499

$42

GEICO

$519

$43

Texas Farm Bureau

$520

$43

AAA Texas

$532

$44

Chubb

$556

$46

GEICO

$562

$47

Nationwide

$598

$50

Chubb

$611

$51

Progressive

$623

$52

Nationwide

$627

$52

Progressive

$634

$53

State Farm

$670

$56

Foremost

$698

$58

National General

$730

$61

Progressive

$750

$62

State Farm

$753

$63

National General

$754

$63

Texas Farm Bureau

$762

$64

Foremost

$828

$69

Nationwide

$849

$71

Allstate

$855

$71

Mercury

$895

$75

USAA

$909

$76

USAA

$927

$77

National General

$928

$77

Texas Farm Bureau

$931

$78

Mercury

$932

$78

GEICO

$946

$79

State Farm

$956

$80

Foremost

$960

$80

Allstate

$962

$80

GEICO

$992

$83

AAA Texas

$999

$83

AAA Texas

$1,030

$86

Nationwide

$1,054

$88

Dairyland

$1,063

$89

Chubb

$1,072

$89

Dairyland

$1,117

$93

USAA

$1,131

$94

Texas Farm Bureau

$1,152

$96

GEICO

$1,154

$96

Mercury

$1,210

$101

Chubb

$1,239

$103

Allstate

$1,287

$107

Dairyland

$1,314

$110

Nationwide

$1,320

$110

AAA Texas

$1,323

$110

Progressive

$1,405

$117

Chubb

$1,455

$121

Progressive

$1,460

$122

Nationwide

$1,592

$133

Foremost

$1,592

$133

Foremost

$1,692

$141

Dairyland

$1,779

$148

Progressive

$1,813

$151

National General

$1,817

$151

National General

$1,972

$164

Dairyland

$2,006

$167

Foremost

$2,112

$176

Chubb

$2,190

$182

National General

$2,294

$191

Dairyland

$2,434

$203

How to Compare Cheap Laredo Car Insurance Quotes Online

Obtaining quotes online can take 15 minutes or longer per provider, requiring you to divulge a good amount of personal information. With MoneyGeek's online car insurance calculator, you can get quick estimates by only inputting your age, driving history, desired coverage and vehicle type.

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Best Car Insurance in Laredo: Summary

The best auto insurance company in Laredo for you depends on how much you value pricing, coverage, service and other factors. The following companies are our best picks for various categories:

  • Best overall: Texas Farm Bureau Group (MoneyGeek score 76 out of 100)
  • Best for service: Chubb (MoneyGeek score 76 out of 100)
  • Best cheap: State Farm (MoneyGeek score 78 out of 100)

A company’s MoneyGeek score can vary depending on the category. The best auto insurance provider in Texas is also Texas Farm Bureau. USAA, with a score of 85 out of 100, provides good car insurance for those with ties with the military.

Best Overall Car Insurance in Laredo

Our study shows that the following companies are the overall best car insurance providers in Laredo, Texas:

  • Texas Farm Bureau Group: MoneyGeek score 76 out of 100 ($931 per year)
  • State Farm: MoneyGeek score 76 out of 100 ($753 per year)

Texas Farm Bureau Group provides quality service at affordable prices. It receives the fewest customer complaints and offers one of the cheapest premiums. In addition, USAA (score of 80/100) is one of the best auto insurers for policyholders with a military affiliation.

How was this MoneyGeek score calculated?

Texas Farm Bureau

pros

Affordable policies and excellent customer satisfaction rating

Has rental car travel reimbursement and roadside assistance coverage

cons

Low claims management rating

No accident forgiveness or gap insurance

COMPANY HIGHLIGHTS

Texas Farm Bureau Group beats its competitors for providing an attractive blend of affordability and customer service. However, the company does not offer a broad range of add-on coverages.

Policyholders with comprehensive and collision insurance are eligible for rental reimbursement coverage, which can help cover the cost of renting a vehicle while theirs is getting fixed after a covered loss. You can set your own restrictions based on what works best for you.

Roadside assistance coverage offers a 24-hour dispatch service. It provides insurance for unanticipated electrical, mechanical or other non-accident-related issues that render your car insecure or immobile. It covers services like fuel delivery, flat tire repair and towing to a service station or a garage.

Read MoneyGeek's Texas Farm Bureau Auto Insurance Review

Best Car Insurance in Laredo for Customer Service

Considering only customer service factors while disregarding price, MoneyGeek identified the following auto insurers as providing the best service in Laredo:

  • Chubb: MoneyGeek score 76 out of 100 ($1,455 per year)
  • Foremost: MoneyGeek score 67 out of 100 ($1,592 per year)

Chubb has the city's best combination of customer satisfaction, claims management and coverage scores. Unfortunately, its customers pay more for quality service, as its premiums are among the highest in Laredo.

How was this MoneyGeek score calculated?

Chubb

pros

4.71 out of 5 customer satisfaction score, 4 out of 5 claims management rating

Offers diminished value and OEM (original equipment manufacturer) coverages

cons

Offers just four add-on coverages

No roadside assistance coverage and gap insurance

COMPANY HIGHLIGHTS

Chubb’s coverage offerings are quite thin. The company has the standard rental car reimbursement coverage, which lets you rent a vehicle similar to your own when your car is damaged and in the shop after a covered accident.

It also features Agreed Value coverage, where you and Chubb agree on your car’s value when the policy is written. If your vehicle is stolen or totaled, you receive a check for the agreed-upon amount. Chubb’s OEM coverage will always pay for original equipment manufacturer parts to bring your automobile back to its pre-accident state after a covered loss.

The company’s vintage/classic car insurance covers cars at least 30 years old, limited edition models or part of a larger vehicle collection. To qualify, the cars must be kept in garages and used only for hobbies like parades, auto displays and club events.

Best Cheap Car Insurance in Laredo

We examined the price and service quality of policies with the minimum coverage required under Texas law and found the following are the best cheap car insurance providers:

  • State Farm: MoneyGeek score 78 out of 100 ($314 per year)
  • Texas Farm Bureau Group: MoneyGeek score 77 out of 100 ($400 per year)

Minimum coverage insurance is the cheapest in Laredo, but provides the least liability protection. It also doesn’t cover damages to your car when you’re at fault for the accident.

How was this MoneyGeek score calculated?

State Farm

pros

The most inexpensive auto insurer at $314 per year

Offers safe driving, defensive driving and daytime running lights discounts

Great customer satisfaction rating

cons

No paperless and pay-in-full discounts

Poor claims management score

COMPANY HIGHLIGHTS

State Farm is the best cheap auto insurer in Laredo due to its affordability and customer service. It also offers many discounts to help policyholders save more.

For instance, you can bundle your auto insurance with other insurance products from State Farm (renters, life, conde, etc.) to get a discount. Insuring at least two vehicles with the company also earns you a premium reduction. Students on your policy with at least a 3.0 GPA, a B average or who are in the top 20% of their class qualify for discounts, too.

State Farm offers safety-related discounts for safe driving, defensive driving and installing airbags, anti-lock or anti-theft systems in your vehicle. You can also save on your monthly premium if your car has factory-installed DRL (daytime running lamps).

Read MoneyGeek's State Farm Auto Insurance Review

Average Cost of Car Insurance in Laredo

In Laredo, the average price of car insurance is $1,249 per year, $16 less than the $1,265 national average and $48 more than the $1,201 average annual cost of auto insurance in Texas as of October 2022. Yet, many other factors besides location affect auto insurance costs.

These rates are for full coverage insurance with $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 in property damage liability per accident.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.