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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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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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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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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Just as in nearly every state in the U.S., individuals driving on public roads in Texas are required by law to maintain at least a minimum level of vehicle liability insurance. Auto liability insurance is what covers “the other guy” in the event of a vehicle accident for which you are deemed responsible. It pays…
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Although high risk auto insurance may have the connotation of penalizing you for having done something wrong, such as accumulating too many tickets for moving violations, causing vehicle accidents or being arrested and convicted of DUI or DWI, there’s more to the classification than this simple explanation. Your Age: Too Young, Too Old Age can…
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Nearly everyone who drives is required to buy insurance, and nobody wants to pay more for their coverage than they have to. Unfortunately, if you’ve been classified as a high risk driver, you’ll be required to purchase high risk auto insurance – something you can expect to pay significantly more for than what other drivers…
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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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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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