Car insurance is a must driving in fast pace Dallas traffic where accidents happen. Even though most would say that car premiums are too high there are many ways to save on car insurance and have great coverage at an affordable rate.
Shop Around
Take the time to shop around and compare rates and coverage with other Dallas insurance companies. It is surprising to see how high premiums can vary and may be paying the higher price for coverage than necessary.
Raise Deductible
Raising your deductible is an easy way to lower premium if willing to pay little more out of pocket for example instead of a $500 deductible raise it to $1,000.
Claim Friendly Discounts
Discounts are your friend when it comes to saving on insurance so many to choose from many insurance companies offer a bundle to combine auto and home for big savings, in addition to paying semi-annually, multi-car, good student, military, no accidents, affiliates, paperless discounts, and anti-theft devices each bringing a little savings.
Right Coverage
The right coverage is the key to car insurance savings and knowing what each coverage does and whether the coverage is necessary will help make finding the savings easier.
Required Coverage
Liability is a required minimum coverage and only covers damages. Bodily Injury covers only the medical to others if hurt in an accident. Minimum of 30/60/25 or $30,000 for bodily injury to one person; $60,000 for two, and $25,000 for property damage. If you carry higher coverage adjusting coverage amount will increase savings.
Property Damage – covers only damages to another car and if damages anything of the amount of will be an out of the pocket expense.
Personal Injury – covers your medical and your passenger if involved in an accident no matter who is at fault. The minimum PIP required is $2,500.
Uninsured Motorist – covers expenses if other motorist does not have insurance and is at fault and should be equal to bodily injury coverage.
Collision – covers damages to your car to be repaired or replaced no matter who is at fault. However, the deductible will have to be paid first before coverage pays. Any expenses that are above the coverage limit will be an out of the pocket expense.
Alternative Savings
Several insurance companies offer alternative savings through creative solutions to benefit motorists with options to save no matter how many miles driven. Pay by the mile is a cutting-edge prepaid coverage-based on mileage. Choose between 1,000 to 6,000-mile coverage making insurance more flexible without credit ratings increasing premiums. Both Progressive Snapshot and Nationwide SmartRide are driving monitoring devices that plug into your car to monitor driving habits. This may be a good device if there are young drivers behind the wheel; it is designed to reward mindful driving to increase premium savings.
Also, our credit scores play a factor in our insurance premiums. No matter what kind of car; new or old insurance companies factor credit history as a direct relationship between finances and claim history. A good driver with a poor credit history will be charged more in insurance premium than a bad driver with a good credit score. Finding ways to boost the credit rate can lower insurance costs considerably. The last consideration to saving would be to consider changing cars; high-end cars, sports cars, and flashy colored cars are more expensive to insurance and have a higher risk of theft or being involved in an accident. No matter what you’re driving there plenty of options for savings whether a discount or alternative solutions call your Dallas insurance companies to and compare rates easily and effectively with this complete guide to insurance savings.
