Tag: Texas car insurance

Car Insurance and the Two Types of Medical Coverage

Over the last few weeks we’ve looked at three types of coverage available, whether required or optional, on any Texas car insurance policy. These include liability coverage, uninsured motorist coverage, and the three most common types of deductibles. The next coverage available to Texas drivers provides for medical care and support services.

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Texas Car Insurance and Deductibles

How many deductibles does your Texas car insurance policy have? That depends on the coverage you selected when you purchased your policy. There are up to three deductible types available on most Texas policies including comprehensive, collision, and uninsured motorist. Before outlining each one, let’s first examine what a deductible is.

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Texas Car Insurance and Liability Coverage

Most Texas car insurance policies may contain up to 7 sections within them. The first section forms the foundation coverage for our car insurance. In fact, it is the only section the state of Texas requires policy holders to carry, and that’s liability coverage.

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Car Insurance and the Texas Legislature

There are three bills that have been filed in the current Texas Legislative session; two are directly related to car insurance, while the third is not. Two of the bills aim to tackle the problem of named driver policies and exclusions, while the third bill focuses on the issue of texting and driving.

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Car Insurance Companies Want to Monitor Your Driving

I helped a new Dallas client with her car insurance this week. We were able to save her $300 a year over what she’s paying now and give her better coverage. One of the ways we added coverage and kept the price lower is by offering her a discount for agreeing to let the new car insurance company monitor her driving for up to 4 months.

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Protect from Drivers with No or Not Enough Car Insurance

There are two broad types of coverage which can be included in a car insurance policy. Coverage is available to protect you from financial loss if you’re involved in an accident and it’s your fault. Coverage is also available when you’re involved in an accident and it’s not your fault. The first is required by Texas state law, the second is strictly an option.

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Car Insurance Liability: Split vs Combined Single Limits

I was reviewing a car insurance quote with a prospective client the other day. She and her husband are buying a new home and wanted to review their car insurance to see if they could save money on that as well. We were in the midst of discussing liability coverage when she asked me to explain the difference between split limits and combined single limits as she’d heard someone mention this to her.

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Texas Car Insurance Rates Rise

If you think Texas car insurance rates are on the rise, it’s not your imagination. Based on a report released earlier this year by the National Association of Insurance Commissioners, Texas premiums now rank 11th highest in the nation. Two years ago, we were ranked 14th highest in the nation. The average Texas car insurance premium, based on the 2009 data used for the NAIC report (the most recent nationwide data available), is now $1,022 a year. The national annual average rate is $901.

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Car Insurance: When Should Your Kids Have Their Own?

My friend’s son graduated from Texas A&M University and moved to Dallas to begin working with a company in the Las Colinas area. As the mom and I discussed the policy, I asked her how long she planned to leave her son on their car insurance policy. She and her husband were thinking about “encouraging” him to get his own policy now that he’s on his own. In response, I asked her if she’d like to know what I recommend all my parents who are facing the same decision.

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