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Auto Insurance in McKinney, TX

Proper Auto Insurance Coverage

The state of Texas requires you to maintain valid car insurance for your vehicle. However, the minimum requirements are not necessarily ideal for your case. For example, if you cause a collision, you have to consider whether you can afford to pay for damage to the other car or cars, which can be considerable. The value of many cars on the road today can easily exceed the minimum state liability amounts, which in turn can lead to a financial disaster if you are at fault. In addition, many people think that they have nothing to worry about because they don’t own a home or have any assets, but in a court settlement, even future wages can be attached. Another concern is protection from drivers who are uninsured or underinsured, and there are plenty of those in Texas, unfortunately.

Important Types of Car Insurance Coverage

Below are listed the most important types of coverage you should consider. The proper amount of each kind of coverage should be discussed with your insurance agent to make sure your individual situation is accounted for.

Liability Insurance

This coverage pays for whatever you are legally liable for if you cause an accident resulting in bodily injury to drivers, passengers, and pedestrians. This also covers property damage you cause to someone else’s car or property.

Medical Payments

If you or your family are injured in a car accident, or even if you are walking down the street and are struck by an automobile, this will help cover your medical expenses. Other passengers in your car are also covered if they are injured.

Uninsured/Underinsured Motorist

In Dallas, more than 16% of drivers are estimated to be uninsured. The numbers are much better in Collin County, but at roughly 8%, there are still a lot of cars on the road that are not insured. That’s not to mention those who are under insured. If you drive a newer car, or if have serious injuries caused by someone else, their coverage may be inadequate, leaving you responsible for some high bills. It’s in your best interest to protect yourself and your family with sufficient uninsured motorist coverage.

Collision Protection

This covers damage to your car if you caused a collision. This is not required by law, but is recommended if you can’t afford to buy another car if your car is totaled.

Comprehensive Protection

Non-collision damage is covered by comprehensive insurance, which includes damage or loss due to theft, fire, glass breakage, vandalism, and hail.

Optional Coverages

Many people like to carry emergency towing coverage in case your car breaks down. Also, rental car reimbursement may be helpful if there is loss or damage to your auto.

How to Save on Auto Insurance

There are several factors that influence the rate of your car insurance. The types of coverage listed above, and how much coverage of each kind, will all affect your premium. But there are many other variables, many of which you can nothing about, such as your age, gender, past driving record, where you live, and the type of car you drive.

Some things that you can do to help reduce the amount you pay:

  • Increase your deductible.
  • Establish a good driving record
  • Enroll in a defensive driving course
  • Inquire about discounts for safety devices and security devices
  • Check if discounts are offered for low-mileage driving
  • Multi-vehicle discounts if you have more than one car insured with the same company

Multiple types of personal insurance options can often be bundled together for additional savings. Don’t forget about your Motorcycle, RV, Boat and more. Check out our other insurance products as well.

For more information about personal insurance products contact the Pierce Insurance Group, covering residents in and around Collin County, Texas.