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How to Find the Best Rate?
Provided by State of Texas
Department of Information Resources 08/19/04
Texas Department of Insurance
1. If you have a clean driving record, avoid companies and agents that advertise to high-risk drivers. Their premiums are often higher.
2. Get quotes from several companies before you buy. Include independent agents in your search. Some agents only represent a single company or company group. Independent agents may represent several companies.
3. Consider higher deductibles. You can save money on your premiums by increasing your policy deductibles. Remember that a higher deductible means you´ll have to pay more out of pocket if you have a claim.
4. Ask your agent about discounts. You may be eligible for discounts for having two or more cars on the same policy; completing a defensive driving, driver education, or drug and alcohol driving awareness course; and having an automobile with airbags, automatic seatbelts, or certain anti-theft devices.
Before You Buy a Policy, Remember
In addition to cost, consider other factors, such as the company´s financial strength and complaint history.
Make sure you understand what coverages are included with the policy. Choose a policy with the coverages you need and limits that will adequately protect your assets.
Don´t cancel a policy until you have a new policy in effect.
A company can cancel your policy within 60 days from the issue date for any reason, except illegal discrimination.
Answer all questions on the application truthfully. Wrong information could cause an incorrect price quote or a denial or cancellation of coverage.
Don´t give up if a company turns you down. Companies have different standards for accepting new customers. Some companies may accept drivers that other companies won´t.
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