Laredo ,TX Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Laredo, TX homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Laredo, TX is $2016. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Laredo, TX. VHome Insurance will help you navigate the world of homeowners insurance coverages in Laredo, TX.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $806 |
| $200,000 | $1,371 |
| $300,000 | $1,693 |
| $400,000 | $2,580 |
| $500,000 | $3,246 |
Home insurance costs in Laredo can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 078046 | $2,645 |
| 78040 | $2,613 |
| 78045 | $2,754 |
| 78041 | $2,728 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Laredo, TX, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,067 |
| $1000 Deductible | $1,849 |
| $1500 Deductible | $1,744 |
| $2500 Deductible | $1,572 |
| $5000 Deductible | $1,331 |
| Home Insurance Company Near Laredo, TX | Homeowners Insurance Agency Near Laredo, TX | Address |
|---|---|---|
| State Farm | Anabella Herbig | 315 Calle Del Norte, Laredo, TX, 78041-2662 |
| Travelers | Cavazos Insurance Agency | 2107 SAN BERNARDO AVE, LAREDO, TX, 78040 |
| Travelers | George Royle Wright | 2212 SEYMOUR AVE, LAREDO, TX, 78040 |
| Allstate | Marcus Moreno | 709 E Calton Rd Ste 106, Laredo, TX, 78041 |
| Allstate | Raul R. Martinez Jr | 3802 Hwy 359 Ste 5, Laredo, TX, 78043 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Tanquecitos South Acres II CDP, Texas | $120 | $160 | $240 |
| Tanquecitos South Acres CDP, Texas | $122 | $163 | $244 |
| San Carlos I CDP, Texas | $123 | $163 | $245 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Laredo, TX | 6.3% | 18.6% |
| Rio Bravo | 8.63% | 23.17% |
| El Cenizo | 11.33% | 28.98% |
| Webb County | 6.37% | 19.44% |
| Laredo Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 410 | 1.0% | $353 |
| $200 to $299 | 827 | 3.0% | $803 |
| $300 to $499 | 2,650 | 11.0% | $1253 |
| $500 to $749 | 7,625 | 34.0% | $1928 |
| $750 to $999 | 6,617 | 29.0% | $2678 |
| $1,000 to $1,499 | 3,567 | 16.0% | $3803 |
| $1,500 or more | 582 | 2.0% | $5453 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $700 | $2,700 |
| Yearly Laredo Homeowner Insurance Premium Example | $1,500 | $1,000 |
| Out of Pocket Expense During Claim | $700 | $2,700 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $9,700 | $8,700 |
| Net Savings to Laredo Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Laredo, TX Home Replacement Value MORE than Home Value | Laredo, TX Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $86,500 | $56,000 |
| Insurance Premium based on Replacement Value | $850 | $550 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $20,000 | Risk Exposure from Under Insuring Coverage is $10,500 |
| Premium Impact | Insurance cheaper by $125/year | Insurance costlier by $175/year |
| Insurance Company | Farmers Insurance | Chubb Group of Insurance | GEICO Insurance |
| Monthly Premium | 78 | 118 | 124 |
| Year Built | 1981 | 2001 | 1990 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 2 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $150000-$175000 | $175000-$200000 | $250000-$300000 |
| Deductible | $5000 to $10,000 Deductible | $500 Deductible | $5000 to $10,000 Deductible |