Tips for Lowering Auto Insurance Rates in Texas

Auto insurance can be a necessary expense for Texas drivers. Shopping around for the right combination of coverage and price is crucial.

Consider Your Financial Circumstances

Different types of coverage, such as liability, collision and comprehensive, come with varying costs. Assess your driving habits, the value of your vehicle and your financial situation to determine the appropriate level of coverage.

For instance, if you have an older car, you might consider dropping comprehensive and collision coverage, which can significantly reduce your premiums.

Maintain a Clean Driving Record

Insurance companies typically view drivers who don’t have moving violations and at-fault accidents on their records as lower risk, which often translates to lower premiums.

Even if you have moving violations and accidents on your record, you may be eligible for premium discounts if you complete defensive driving courses.

Increase Your Credit Scores

Another factor that can impact your rates is your credit score. In Texas, insurance companies can use credit scores as part of their risk assessment. Maintaining a good credit score can positively influence your insurance rates.

Regularly checking your credit report for errors and addressing discrepancies can help you maintain a favorable credit score. It’s also essential to pay revolving charge accounts and loans as agreed.

Bundle Your Policies

Bundling your auto insurance with other policies, such as homeowners or renters insurance, can also lead to discounts. Many insurance companies offer multi-policy discounts, which can result in cost savings.

Shop Around and Compare Quotes

Auto insurance rates can vary significantly between different insurance companies. Shopping around and comparing quotes from multiple insurers can help you find the best rates for your coverage needs.

When comparing quotes, consider the coverage limits, deductibles and additional benefits each policy offers. Read customer reviews and ratings to ensure the insurer provides good customer service and handles claims efficiently.

Contact Lakewood Insurance to compare quotes from top auto insurers in your area.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.