So you are looking around for Houston auto insurance. What should you know? In this report I discuss 7 ways you can save money on your auto insurance policy.
Rule One: Your Texas homeowners and auto insurance are not with the same agent!
Are you inured with a homeowners insurance in Houston or rental property insurance policy? Yes, is it packaged with your Houston auto insurance? No, well than you are missing out on the discounts available when you package your insurance.
Most agents who sell Houston auto insurance, additionally look to package their clients Texas home insurance or renters insurance together. Packaging your home and auto together provides you with additional discounts up to 25%.
Ask your agent about packaged policy savings.
Rule Two: Keep a clean driving record
There is no mystery that an individual with a healthier driving record, will pay a lower car insurance premium.
A lot of auto agencies are in fact a group of numerous insurance companies, individually catering to a specific type of client. Bad drivers may fit better in one company, good drivers in another, but the bulk of the population fall in the companies between. These people pay a lower premium than bad operators, but a higher premium than excellent operators.
Even though average drivers might have driving records as good as those insured with the lowest rates, They still pay a higher premium. Why?
This is commonly due to the buyer being uninformed. If you maintain a flawless vehicle record, why should you pay more than you need to. Make sure your agent is helping you take advantage of all the available discounts offered.
Rule Three: Glamorous Vehicles Equal Higher Premiums
The car you choose to drive can greatly affect your auto insurance premium
• Is the car type a green light for criminals?
• Does it cost more to fix your car?
If you answered yes to one or both of these questions, you may be paying a higher than average premium for your Houston auto insurance policies cover.
Rule Four: Increase your deductible amount:
Your deductible amount is the cost you are responsible to pay before the insurance company takes care of the rest. Here is an example, an insured is covered with a $500 deductible and the insured has a wreck where their car suffers $1,500 in damage, the insured will first pay $500 followed by your insurance company paying the remaining, $1,000. The smaller your deductible amount, the greater premium you will pay.
Depending on your accident frequency, it may be beneficial to you to increase your deductible and pay a lower premium every year.
Rule Five: Get rid of unnecessary coverages
Maybe you drive a dated car, with very little worth. You probably do not need collision and comprehensive coverages.
If the value of your car is below $1,000 there is no reason to choose comprehensive and collision coverage. What is the value of your car? Ask your auto dealer or look it up on Kelly Bluebook.
Rule Six: Be sure you take advantage of all the available discounts
Texas car insurance carriers offer many additional savings discounts.
• Automatic seat beats
• Air bags
• Anti-lock brakes
• Alarms and theft devices
• Good student
Rule Seven: Good credit scores can play a major factor
Do you have a better credit score than accident record? A high credit score may save you a lot of money with some insurance companies.
High or low credit scores may play a major role in shaping auto insurance premium. Good credit scores may provide you with additional discounts while a poor credit score could raise your premium greatly depending on the company. If your credit score improves after you purchase an auto insurance policy, makes sure you let your agent know so you can take advantage of the discounts applied to good credit. Despite your credit score, speak with your agent and be sure you are with a company that best fits your auto insurance needs.