There is very competitive pricing in the state at this time, and basic coverages are the same from most insurance companies, with optional coverages available. Don't base your decision on television advertising. Most companies have high prices because they have high brand advertising expenses, which is passed on to their customers. Independent agents like Lone Star Insurers work for you to find the right coverage at the best price among dozens of carriers. Direct writers or captive agents such as State Farm, Allstate, Farmers, Nationwide, GEICO, and USAA only represent one insurance company and sell only their company plan.
This coverage pays for damages to both property and persons that the insured is responsible for damaging or injuring. There is a minimum required limit in Texas, but that may not be sufficient for many people. A general rule of thum" is the better off you are financially and the more assets owned beyond just your home, the higher these limits should be. Many assets are protected, at this time, under Texas law, but liability is a relatively inexpensive coverage and is the largest risk exposure expense you could face.
Medical or Personal Injury Protection (PIP)
This includes medical and also loss of income up to the policy limits, whether you are at fault or not. This also insures your family in your vehicle, along with other passenger, other vehicles, and even getting into or out of a vehicle. Although it can be rejected, with today's high health insurance deductibles, this coverage can be helpful for people on a tight monthly budget with little savings.
This coverage pays if you are hit by an at-fault uninsured or under-insured motorist. Hit and run can also be covered. This also pays for injuries, lost income, etc and damage to your vehicle (with a $250 deductible). This is a very important coverage because of the overwhelming number of drivers in Texas with no coverage or low limits of liability. This coverage can help with medical bills, disability and death expenses or loss of income caused to your family through no fault of your own.
Comprehensive/Other Than Collision
With deductibles normally ranging from $50 to $1000, this coverage pays for damages to your vehicle, such as hail, wind, vandalism, fire, theft, missiles, glass breakage, flood, and collision with an animal.
With deductibles normally ranging from $250 to $1000, this coverage pays primarily to fix your vehicle when in an accident and you are at fault. However, if you don't have uninsured motorist coverage, you can use collision coverage to fix your car. Collision coverage can be used to fix your vehicle if the accident is not your fault, but you could run into problems if the other insurance company is being unfair or difficult to work with. Subrogation might also be a factor.
This coverage pays for a rental car for you to use up to the limits selected when your vehicle is being repaired or replaced after an accident. An important coverage because if your car is in the body shop being repaired and you have to rent a car on your own, then at $40 a day for 30 days (plus a $1,000 collision or comprehensive deductible) could result in $2,200 out of pocket. (Note: If another insurance company is paying for the damage to your car then they should provide coverage for a rental car too) Be sure to speak with your agent to see if your auto insurance policy extends to coverage of the rental car. If not, you might need to purchase the rental car physical damage coverage sold by the rental car agency.
This is extra coverage that insurance companies offer their to their clients. Some companies reimburse for charges such as towing, while others have a "1-800" number to call for service.
To make sure your car is covered, give us a call!