Shopping for a new auto insurance policy can help you to save money on highly beneficial coverage, but with so many auto insurance companies providing Texas drivers with coverage, you may be overwhelmed by the thought of trying to find the best deal on your coverage. More than that, you may find insurance confusing and may worry about making the right decisions about your coverage. By following a few tips, you can more easily narrow down your options as you get your auto insurance quotes.
Your Requirements for Coverage
Before you request an auto insurance quote, it is important to be aware of auto insurance requirements that may impact your buying decision. State law requires all drivers to maintain a minimum liability policy that is called a 30/60/25 policy. This includes $30,000 coverage per injured person, $60,000 total per accident and $25,000 per accident for property damage. You may face fines and other punishments if you do not maintain this minimum amount of coverage. In Texas, you are financially responsible for any damages that you cause while operating a vehicle, and liability coverage will help you to pay for those expenses. This coverage only pays for other parties’ expenses. You may also have another auto insurance requirement to comply with. Your auto lender may also require you to maintain at least a minimum amount of collision coverage, and this typically is coverage for up to the replacement value of the car. This coverage will pay for vehicle repairs if you are involved in a collision.
Other Options for Coverage
While you may have these requirements in place, many drivers opt to purchase additional coverage, and you may want to get an insurance quote on the full amount of coverage that would benefit you. For example, a collision policy does not cover all types of losses. It will cover car accidents, but it will not usually cover weather-related damage, theft, fire and other types of events. A comprehensive policy is usually optional coverage, but it is far more inclusive. You may also add personal injury, personal property, towing service, roadside assistance, rental car reimbursement and many other types of coverage to your policy. In addition, when you request an insurance quote, you can also increase the minimum required coverage amounts. Some drivers do not believe that the state’s requirement of 30/60/25 liability is enough, and they may purchase more coverage.
Your Deductible Options
When you request an auto insurance quote, you also will have the option of specifying what deductible you want. Your deductible is the amount you pay when you file a claim, so you should be able to afford to pay the deductible amount you select with little or no notice. A smart idea is to ensure that you have an amount equivalent to your deductible available in your savings account or rainy day fund. A standard deductible amount for Texas auto insurance is $500. If you do not specify an amount when requesting an auto insurance quote, the insurance company will typically give you a quote based on a $500 deductible. When you adjust the deductible, you will notice that the the premium in your insurance quote changes. Increasing the deductible will make the premium decrease while lowering the deductible increases the premium. In most cases, the deductible will remain between a range of $250 and $1,000.
Easy Ways to Shop for Coverage
When you request an insurance quote, be sure that you are requesting the same coverage from all providers. This will make it easier for you to determine which is the best deal. Determine up-front how much coverage you want before asking for an insurance quote. Rather than contacting each insurance company separately to request an insurance quote, consider using an online quote generation site or even the services of an insurance broker. These are faster and easier ways to request quote. Then, you simply have to find the insurance quote with the best rates.