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Laredo is located on the north bank of the Rio Grande in South Texas. Laredo’s economy is based on international trade with Mexico. Most major transportation companies have a facility in Laredo. The city’s location on the southern end of I-35 close to the manufacturers in northern Mexico promotes its vital role in trade between the two nations. This cross border metropolitan is big on sports, especially soccer. It is also home to Texas A&M International University, and the school is also one of the cities top employers. This makes it all the more important for residents to search all their available choices for cheap car insurance Laredo can offer.
Cheap Car Insurance Laredo Requirements
It’s important to have the right car insurance in Laredo to protect not only yourself, but your vehicle too. Remember that carrying the minimum coverage required by law may not be enough to cover you personally. Make sure your policy will cover all of your assets, even if you are in an accident with an uninsured driver.
- Bodily Injury coverage requirements are a minimum of $30,000 per person and $60,000 per accident.
- Property damage liability minimum requirements are $25,000.
- Uninsured Motorist coverage is not required, but insurance company’s are required to offer it, and explain the coverage to consumers. According to Texas’ DMV, an estimated 20% of drivers in the state are uninsured, resulting in costs of up to $900 million for consumers.
- The law in Texas requires drivers to pay for accidents that they cause. Fault is ultimately determined by the state, using evidence and testimony gathered at the scene of the accident. The at-fault party is then required to pay all damages resulting from the accident.
Public Transportation In Laredo