Automobile insurance rates vary widely depending on the insurance company or agent you choose, the types and amounts of coverage you want, and the kind of car you drive. These are some things you can do to lower your insurance costs:
In Texas a family’s auto insurance rates can differ considerably for identical coverage, depending on the insurance company selected. So it is important that you choose your insurance company carefully. Call several insurance companies or agents and request premium quotes for coverage that meets your specific needs.
You should also ask your friends and family to relate their experiences with various insurance companies. Regardless of rates, you should not select an insurance company with a poor reputation for service.
A deductible is the amount of money you will pay on a claim before your insurance company has any responsibility to pay. By increasing your deductibles on collision and comprehensive (fire and theft) coverage to $200 or even $500 you may substantially reduce your insurance premiums.
If you have very good medical insurance, you may wish to consider eliminating medical payments coverage on your automobile policy. Be aware however that Personal Injury Protection coverage (PIP) not only pays for medical bills, but also pays 80% of your lost earnings, up to the limit of your PIP coverage. PIP coverage is relatively inexpensive, and can be very useful to you.
If your car has little value, it may not make sense to carry any collision or comprehensive insurance.
Ask your insurance agent about the availability of discounts, including these:
Moving violations, especially for DWI or reckless driving, can have a staggering impact on your rates.
Automobiles that are expensive to repair, subject to a higher risk of theft, or have a high statistical rate of bodily injury claims cost more to insure. Check with your insurance agent about specific models before making a car purchase.
Use this table to assist you in comparing savings for various auto insurance discounts. Remember to get a total premium quote for your entire insurance package from each company you contact.
At the law firm of Kraft & Associates, P.C., we primarily handle personal injury claims, including automobile collisions, product liability claims and premises liability claims. Our firm also represents claimants in Social Security Disability cases.
We invite you to call us with any legal problem. If we cannot help you, we will attempt to refer you to an attorney or an agency that can help you.