I had an interesting conversation with a new client the other day. She leases her car and wanted to confirm whether the car insurance policy covers manufacturer parts, also known as original equipment manufacturer or OEM parts, or would they insist on using third-party parts to repair her car if she files a car insurance claim? No client or prospective client has ever asked that question and it told me she’d either experienced or seen a claim go sideways.
Imagine you’re riding in an autonomous or self-driving vehicle. The car is traveling 35 to 40 miles per hour and a pedestrian suddenly walks out in front of your vehicle. Complicating the issue there is a concrete barrier in the oncoming lane. Hitting the pedestrian may result in killing them while hitting the concrete barrier may result in the death of the vehicle passenger. What will the car do? Who will be liable?
What was your first job? Aside from babysitting neighborhood kids for $1.00 an hour, mine was helping my uncle Jere sell women’s shoes at his store on the west side of Birmingham when I was 15. I didn’t have to worry its impact on my parent’s car insurance rate because I wasn’t a licensed driver and I rode the bus across town to Jere’s store.
I spoke to a group of people today about car insurance, specifically what a typical Texas policy includes and how to determine the right amount of coverage for each person. I enjoyed the interaction and questions that arose from the presentation and felt like everyone learned how to better evaluate their car insurance needs.
There are a number of options that go well beyond what most people think of when they want “full coverage” car insurance. Here are six options worth knowing about.
There are a lot of different options available on a Texas car insurance policy. As I’ve written in the last two posts, anything after liability coverage is strictly optional as far as Texas law is concerned. This week we’ll look at some of the more common coverage options in the third part of our series on car insurance coverage.
Last week, I wrote about the one required coverage on any Texas car insurance policy. It is liability coverage (see https://wiseinsurancegroup.com/car-insurance-one-coverage-required-texas/). I’m going to continue on the theme of car insurance coverage this week as we look at two more coverage types which are Uninsured Motorist and deductibles.
What does a car insurance policy in Texas cover? That can vary from person to person. There is, however, one type of coverage every car insurance policy within Texas must have, and that is liability coverage. Over the next few weeks, we’ll take a look at the different types of coverage available on car policies in Texas, as well as, some discounts you should be aware of. We’ll first start with liability coverage.
Consumer Reports released a study last week which was published online that appeared on Yahoo and various other websites. It’s one of the most interesting articles I’ve read on car insurance pricing from a consumer organization in some time. The conclusion of the Consumer Reports study is blue collar drivers pay more for car insurance than do white collar drivers. The amount of the difference isn’t trivial either; it’s $681 a year more on average nationally.
Imagine you’re driving down Interstate 35 at 70 miles per hour just outside of Dallas when your car begins to spray wiper fluid continuously on your windshield while the windshield wipers are flailing madly away. Or your stereo starts blaring a local radio station and you’re unable to turn down the volume, change stations, or turn it off. Maybe your air conditioner turns on at full blast but you didn’t touch anything, or you start slowing down and you’re unable to accelerate even when the pedal’s floored.
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