Homeowners in Laredo, Texas, pay an average home insurance rate of $1,597. Texas state is known for higher home insurance rates with the average being $1,709. Laredo homeowners can make use of discounts offered by home insurance companies to reduce their home insurance rates. Below is a list of discounts offered to Laredo homeowners.
Home insurance companies provide discounts to Laredo homeowners based on the construction materials used to build the house. Laredo homes that are built using sturdy materials make them more resistant to damage, earning them considerable discounts from home insurance companies. For example, Laredo homes constructed using fire-resistive materials and superior materials get discounts of $192 and $144, respectively, on their homeowners insurance. Homes built using masonry and brick earn a discount of $80, while homes that have a hail resistant roof get a $32 discount.
Newly constructed Laredo homes can avail of discounts of up to $431 on homeowners insurance. New homes have less propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. On the other hand, older homes attract higher insurance rates. The average home insurance rates of Laredo homes older than 40 years and 50 years are $1,639 and $1,674, respectively.
Laredo has a property crime rate of 24.48 per 1,000 residents. The city has witnessed 700 burglaries at a rate of 2.68 per 1,000 residents. In the best interest of protecting their investments, home insurance companies offer discounts to homes installed with safety devices. For instance, Laredo homes with deadbolts and fire extinguishers can avail discounts of $128 and $176, respectively, on homeowners insurance. Homes installed with burglar alarms and smoke detectors receive a discount of $144 and $224, respectively, on homeowners insurance.
Home insurance companies provide special discounts to Laredo homeowners based on their profession. Teachers, army personnel, and federal government employees can avail of special discounts on homeowners insurance. Also, senior homeowners in Laredo can avail of discounts of up to $224 on homeowners insurance. Home insurance companies provide discounts to homeowners, depending on their claims history. Home insurance rates in Laredo can increase by up to $208 based on the type and number of claims. Laredo homeowners with a claims-free history can avail of discounts of up to $208 on home insurance.