What is the “Underwriting Period” for Auto Insurance in Texas?

When buying auto insurance in Texas, there’s a 60-day period after the policy is issued, called the “new policy underwriting period,” which allows the insurance company sufficient time to determine whether or not they want to accept you as a policyholder. During this underwriting period, they’ll do the research necessary to make sure that all…

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When and Why a Car Insurer Can Cancel Your Policy in Texas

Like each state in the U.S., Texas has its own set of statutes governing vehicle insurance that must be followed by both consumers and insurance companies alike. For drivers, these laws require that you, as a driver, be financially responsible for the losses sustained by others in any vehicle accident for which you are held liable.…

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3 Things You Need to Know About Car Insurance in Texas

Drivers in the Lone Star State, like those in just about every state in America, are required by law to maintain a minimum amount of vehicle insurance. While all that’s legally required of your car insurance in Texas is liability coverage, there are numerous other types of coverage to consider. Liability protection, which provides benefits…

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4 Things Your Auto Insurer Can’t Do in Texas

Best practices for buying a Texas car insurance policy are about the same as they are in any other state, and include: Obtaining multiple quotes from a variety of different insurers. Consider saving time/effort by using a broker willing to do most of the legwork for you. When comparing policies make sure you’re comparing “apples…

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Minimize the Cost of Auto Insurance

Auto insurance companies categorize potential policyholders as either standard or high risk drivers, determined by information gathered during the underwriting process. High risk drivers will be required to obtain high risk auto insurance, which means higher-cost coverage. The reason high risk auto insurance costs more than standard insurance is because, from the insurance company’s perspective,…

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Statistics Car Insurance Companies Track

High risk auto insurance is what insurance companies sell to drivers they classify as high risk because, statistically, these drivers are more likely to file claims against their policies. Some insurers won’t even write high risk auto insurance for what they consider to be unacceptably high risks and, when they do, the premiums will likely…

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