Getting cheap car insurance that also meets your specific needs can be a tricky task to achieve. Whether you want the lowest premiums, the best possible coverage or superior customer service, you’ll be able to find it with a little research and careful planning.
A typical cheap car insurance policy in Texas will cover a certain amount of personal property damage as well as any injuries that the parties incur as a result of the accident. Like in most of the country, it is required to have proof of insurance in Texas.
To put it simply, cheap car insurance will cover property damage, personal injury, payments for medical bills, collision damage and other aspects with provisions to be included should an uninsured driver be at fault for the accident. Whether you want cheap car insurance or not, you will have the option to tack on additional features like rental car costs, towing services and roadside assistance. Over time, you’ll typically face lower premiums, especially as your driving record remains clean and you prove to be a less risky motorist.
Factors Affecting Cost
Even though the cost of cheap car insurance can feel out of your hands, it’s still important to shop around for a Texas insurer. Before understanding the factors that you have in control for your premiums, there are some factors to consider that will involuntarily affect them too.
Higher costs: Even cheap car insurance has gone up 10 percent in the last two years, which is far above typical inflation. If you’re just treading water with your regular paychecks, you might have difficulty with the larger bills for Texas insurance.
Credit-based scores: The economy wasn’t kind to credit scores either, which also can lead to an increase in rates for cheap car insurance. Even with the cleanest driving record, you might end up paying much more each year without the best credit score.
Uninsured drivers: With unemployment still abundant and premiums at an all-time high, it’s no surprise to learn that 30 million consumers have begun driving without any cheap car insurance. This liability cost can be passed on to you.
Repairs: Some cheap car insurance companies will recommend their own repair shops that aren’t always the best compared to other repair shops, which is done in an effort to cut costs. If you’re looking for cheap car insurance, it’s still a good idea to find a more open company.
What You Can Do
As the above points suggest, some of the variables involved with the cost of cheap car insurance aren’t within your control, but you can still take action to lower it on your end.
Pick the right deductible
If you want cheap car insurance, you’ll need to get a higher deductible. The reason this works out is because you’re agreeing to pay more for an accident out of your pocket whenever you have tot make a claim, and you’re much more likely to only make a claim when it’s a larger amount that you cannot handle yourself.
Check your coverage options
Basic liability coverage in Texas is 30/60/25, but you don’t want to be caught short by maintaining just the basics for cheap car insurance. It might seem strange to buy more in order to save money, but costly claims can greatly strain your bank account and even put assets at risk. If you have a high net worth in particular, it’s a great idea to boost your coverage options beyond the basic cheap car insurance policy, https://www.texasquotes.com
According to the Insurance Research Council, as many as one in eight drivers have no insurance, which means you’re stuck paying for repairs or attempting to sue the other driver to get the money back. That makes it a good idea to pick up uninsured protection when picking up cheap car insurance.
A general rule of thumb is that you can cancel comprehensive insurance if the amount exceeds 10 percent of the book value for your vehicle. Otherwise, it might end up costing you when receiving a small reimbursement for a totaled vehicle. Similarly, you won’t really need to pay for rental car coverage if you have access to a second car in the event the primary car is unavailable.