Do you want more competitive insurance rates in Watauga, TX? Feeling guilty for buying an overpriced insurance policy? Don't sweat it because many Watauga drivers feel the same as you.
A recent insurance study revealed that a large majority of drivers kept their policy with the same company for at least the last four years, and 38% of customers have never even compared quotes to find lower-cost rates. Watauga insurance shoppers can save hundreds of dollars each year, but they don't know the actual amount they would save if they replace their high priced policy.
There is such a variety of insurers to pick from, and although it's nice to have a choice, it can be more difficult to find a good deal.
Smart consumers take time to get comparison quotes every six months because insurance prices are rarely the same from one policy term to another. Just because you had the best rates on insurance last year you can probably find a better premium rate now. Block out anything you think you know about insurance because I'm going to let you in on the secrets to one of the easiest ways to lower your rates without sacrificing coverage.
Locating the best rates in Watauga is easy if you know what you're doing. Practically every person who is required by state law to have car insurance will find lower prices. But Texas vehicle owners need to have an understanding of how companies charge you for coverage and apply this information to your search.
When comparison shopping, comparing more rates from different companies helps increase your odds of locating more affordable insurance. Some insurance companies are not set up to provide price estimates online, so it's recommended that you also compare prices from those companies as well.
The companies shown below provide price quotes in Texas. In order to find cheap auto insurance in Texas, it's a good idea that you click on several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LT AWD||$1,350||$675||$113|
|Chevrolet Silverado LS Extended Cab 4WD||$1,062||$531||$89|
|Dodge Ram Quad Cab ST 4WD||$1,216||$608||$101|
|Ford Escape XLT 2WD||$1,138||$569||$95|
|Ford F-150 XL Crew Cab 2WD||$1,214||$607||$101|
|Ford Focus SES 2-Dr Coupe||$1,106||$553||$92|
|Honda Accord EX-L 4-Dr Sedan||$1,098||$549||$92|
|Honda CR-V LX 4WD||$1,096||$548||$91|
|Honda Civic GX 4-Dr Sedan||$1,498||$749||$125|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,204||$602||$100|
|Nissan Rogue SL 2WD||$1,066||$533||$89|
|Toyota Camry LE||$1,164||$582||$97|
|Toyota Corolla LE||$1,064||$532||$89|
|Get Your Own Custom Quote Go|
Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in vehicle garaging location which can affect price quotes noticeably.
Auto insurance deductibles
When buying auto insurance, a common question is where should you set your physical damage deductibles. The data tables below summarize the rate fluctuation when you select higher and lower physical damage coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second rate chart uses a $1,000 deductible.
Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get a Quote for Your Vehicle Go|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Prices do not factor in specific Watauga garaging location which can revise rates noticeably.
Based on this data, using a $250 deductible costs approximately $29 more each month or $348 every year than quoting the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 26 months between claim filings, you would save more money if you elect the higher deductible.
Auto insurance rates are higher with tickets and accidents
The chart below shows how violations and accidents can raise Dodge Ram auto insurance rates for each age group. The rate quotes are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
Dodge Ram rates are for example purposes only. To get rates for your specific vehicle, click here.
The car insurance bait and switch
Car insurance companies such as Progressive, Allstate and GEICO continually stream ads in print and on television. All the ads make an identical promise that drivers can save some big amount if you move your policy. It sounds good, but how can they all lower your premium rates? You have to listen carefully.
Insurance providers provide the lowest rates for a prospective insured that will generate a profit. A good example of a profitable insured may be between 25 and 40, has a low-risk occupation, and drives newer vehicles. Anyone that matches those criteria will get low prices and as a result will probably save when switching.
Potential insureds who don't meet the requirements will be quoted higher prices and the customer buying from someone else. The ad wording is "customers that switch" not "everybody who quotes" save the amount stated. That's why insurance companies can confidently make it sound like they have such great rates. Different companies use different criteria so you absolutely need to get a wide range of price quotes. It is impossible to predict the company that will have the lowest rate quotes.
Auto insurance does more than just protect your car
Even though rates can get expensive, maintaining insurance is required in Texas but it also protects you in many ways.
First, just about all states have minimum liability requirements which means you are required to carry a minimum amount of liability insurance in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your car has a loan, it's most likely the lender will force you to have physical damage coverage to ensure loan repayment if the vehicle is totalled. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your vehicle at a significantly higher premium and force you to reimburse them much more than you were paying before.
Third, insurance protects both your assets and your vehicle. It will also cover many types of medical costs for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car definitely exceed the cost, particularly when you have a large claim. Today the average American driver is overpaying over $700 annually so it's very important to do a rate comparison at every policy renewal to help ensure money is not being wasted.
Lower rate quotes with these five discounts
Insuring your vehicles can cost a lot, but there could be available discounts that you may not even be aware of. Many of these discounts will be applied automatically at the time of purchase, but a few need to be specially asked for prior to getting the savings.
- Discount for Life Insurance - Not every insurance company offers life insurance, but if they do you may earn a discounted rate on car insurance if you buy a life insurance policy as well.
- Passive Restraint Discount - Factory options such as air bags or motorized seat belts can get savings of 20 to 30 percent.
- Data Collection Discounts - People who choose to allow their insurance company to track when and where they use their vehicle by using a telematics device such as Progressive's Snapshot might get better premium rates if their driving habits are good.
- E-sign Discounts - Some of the larger companies will give a small break for buying a policy and signing up on the web.
- Seat Belts Save more than Lives - Drivers who always wear seat belts and also require passengers to use a seat belt may be able to save a few bucks off the PIP or medical payment premium.
You can save money using discounts, but most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, that's just not realistic.
Large auto insurance companies and their offered discounts can be read below.
- State Farm may include discounts for Drive Safe & Save, anti-theft, driver's education, good driver, and passive restraint.
- GEICO may have discounts that include military active duty, anti-theft, air bags, multi-vehicle, and multi-policy.
- SAFECO has savings for safe driver, accident prevention training, homeowner, teen safety rewards, bundle discounts, multi-car, and anti-theft.
- Farmers Insurance discounts include business and professional, electronic funds transfer, alternative fuel, youthful driver, and good student.
- AAA may offer discounts for good student, education and occupation, multi-car, AAA membership discount, anti-theft, pay-in-full, and multi-policy.
- USAA policyholders can earn discounts including military installation, safe driver, multi-vehicle, driver training, and new vehicle.
When comparing rates, check with each company or agent how many discounts you can get. Some of the earlier mentioned discounts may not apply to policyholders in your state.
Don't I need to get advice from an insurance agent?
A lot of people would rather sit down with an agent and that is a smart decision The best thing about price shopping on the web is you may find cheaper prices and also buy local.
Upon completion of this short form, your information is instantly submitted to participating agents in Watauga who will give you bids and help you find cheaper coverage. You never need to do any legwork since price quotes are sent instantly to you. It's the lowest rates and work with a local agent. In the event you want to compare rates from a specific insurance company, you just need to go to their quote page and give them your coverage information.
Finding the right insurance company needs to be determined by more than just the quoted price. Below are some questions you should ask.
- Are they able to provide referrals?
- Are you getting all the discounts the company offers?
- What are their preferred companies if they are an independent agency?
- How much training do they have in personal risk management?
- How long has their agency been in business in Watauga?
Choose the right car insurance agent
If you prefer to buy car insurance from a local insurance agency, you need to know there are two types of agencies and how they work. Car insurance agents can be classified as either independent agents or exclusive agents depending on their employer.
Exclusive Car Insurance Agents
Exclusive insurance agents can only write with one company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. They usually cannot compare other company's rates so you need to shop around if the rates are high. They are very knowledgeable on what they offer which helps them sell insurance even at higher premiums.
Independent Car Insurance Agencies
Agents that choose to be independent are normally appointed by many insurers and that gives them the ability to insure with any number of different companies and find you the best rates. To transfer your coverage to a different company, they simply move the coverage in-house and you don't have to do anything. When comparing car insurance prices, you will definitely want to get some free quotes from several independent agencies so that you have a good selection of quotes to compare.
How much insurance do I need?
Always remember that when buying insurance from an agent or online, there really is not a single plan that fits everyone. Your situation is unique and your policy should reflect that. Here are some questions about coverages that may help you determine whether your personal situation may require specific advice.
- How much underlying liability do I need for an umbrella policy?
- Can I use my car for my catering business?
- Do they offer discounts for home and auto coverage?
- When does my teenage driver need to be added to my policy?
- Is a new car covered when I drive it off the dealer lot?
- Is my state a no-fault state?
- If my vehicle is totaled, can I afford another vehicle?
- Is borrowed equipment or tools covered if stolen or damaged?
If it's difficult to answer those questions but a few of them apply then you might want to talk to an agent. If you don't have a local agent, simply complete this short form or click here for a list of insurance companies in your area.
Specifics of your insurance policy
Understanding the coverages of your policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types offered by insurance companies.
Comprehensive coverage - Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like damage from getting keyed, falling objects, theft and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.
Collision coverage - Collision coverage pays for damage to your vehicle resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as backing into a parked car, colliding with another moving vehicle, hitting a mailbox and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.
Medical payments coverage and PIP - Med pay and PIP coverage provide coverage for immediate expenses for things like dental work, X-ray expenses, EMT expenses and funeral costs. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage protects you and your vehicle when the "other guys" either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your vehicle.
Because many people only carry the minimum required liability limits (30/60/25 in Texas), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.
Liability coverages - Liability insurance provides protection from damage or injury you incur to a person or their property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 30/60/25 which means $30,000 bodily injury coverage, $60,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for things like medical services, loss of income, pain and suffering, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but it's cheap coverage so purchase as much as you can afford. Texas state law requires minimum liability limits of 30/60/25 but drivers should carry more coverage.
Shop around and save
More affordable car insurance in Watauga is possible on the web and from local agencies, so you should be comparing quotes from both to have the best chance of lowering rates. Some car insurance companies do not offer internet price quotes and many times these small insurance companies work with local independent agents.
When trying to cut insurance costs, it's not a good idea to buy poor coverage just to save money. There are many occasions where an insured dropped comprehensive coverage or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your goal is to purchase a proper amount of coverage at the best possible price and still be able to protect your assets.
- Car Insurance FAQ (Trusted Choice)
- Safe Vehicles for Teens (iihs.org)
- Self-driving cars won't replace humans (Insurance Institute for Highway Safety)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Where can I buy Insurance? (Insurance Information Institute)