These four easy steps will help you save up to 50% on Texas affordable car insurance.
Before you start shopping for insurance, make sure that you are familiar with Texas’ current requirements regarding car insurance.
Basic coverage can be described as 25/50/25 coverage.
This means that bodily injury limits for injured persons are $25,000 and $50,000 respectively.
$25,000 per accident coverage for property damage
Remember that minimum requirements can change frequently so be sure to check the State of Texas website every time you purchase new insurance or update your current automobile insurance policy.
Texas does not require you to have uninsured drivers insurance. This coverage is required by some states.
There are many things you can do to save money on your Texas car insurance.
These are simple steps that can save you money.
1. Increase your deductible in your insurance policy.
This discount can be taken advantage of by increasing the deductible on your car insurance from $200 per incident all the way to $1000 per accident. You will save at least 40%, or even more, on your car insurance cost.
Make sure that you have enough cash on hand to cover any out-of pocket expenses that may arise if you increase your deductible.
Because I don’t mind paying out-of-pocket costs, I like the idea that insurance has a high deductible. However, I do not want to risk any financial damage that could easily happen if an accident occurs, regardless of whether or not it was my fault.
Texas has a tort system for auto insurance. This means that if there is an accident with an automobile, one party must be held responsible. The insurance company and the person who caused it will be liable for any damages or injuries.
2. Keep a high credit score.
When you apply for car insurance, most car insurance companies will verify your credit score. Your car insurance premiums will be higher if your credit score is low. Low credit scores will result in lower car insurance. Make sure to pay your bills on time for at most three months before you apply for car insurance. It takes at least three years to build credit. This is something that many people don’t realize. Check your credit score to make sure there are no errors or omissions that could lead to a lower score.
3. Take defensive driving lessons.
Insurance companies love to see your driving record, and will reward you by offering lower premiums. This will result in a 10% reduction in your insurance rates.
4. Liability insurance.
You can lower your cost and get 20% less if you drop your comprehensive coverage. This can only be done if the car has been paid for. To protect their investment, finance companies will require comprehensive insurance for your car if you finance it. They know that many people will not make the payments and end up driving their car longer than they intended. Although I don’t think you would like it, many people do. A lady car I sold several years ago was damaged in an accident while driving home. She never paid any money. It was good that she had comprehensive insurance.
If you apply these discounts to the application, affordable auto insurance in Texas will be possible.