Welcome to Haltom City, part of the Dallas-Fort Worth Region of Texas. In Haltom you can visit the DFW Elite Toy museum, attend a jazz festival or enjoy a classic American rodeo. If you are new to the area or if you are getting ready to insure a new driver, you have come to the right place to learn about auto insurance requirements and rates.
It is important to note that there are several levels or types of car insurance and you just need to know the bare minimum insurance standards required by law to obtain your license. In Texas, there is the 30/60/25 law. It breaks down like this, you must carry:
$30,000 bodily injury liability per person
$60,000 bodily injury liability per accident
$25,000 property damage liability per accident
Liability coverage is the cheapest auto insurance you can get. It makes sure that if you cause an accident the person or property you damage will be compensated by an insurance company. Having only liability insurance leaves you uninsured in a case where you are found at fault for an accident so keep that in mind. It’s important to keep your insurance premiums low but also weigh that against the risk of a potentially costly accident that leaves you with no car or with a stack of medical bills.
Obtaining liability only coverage can be as little as $49 a month but your premiums will be determined by a variety of factors such as your age, your driving record, your insurance claim history and the policy type. Some of these things, such as your age, are outside of your control. But to keep a clean driving record avoid moving violations like speeding or ignoring posted traffic signs. Overtime, you can repair a spotty driving record, especially if you appeal to the courts to have old records expunged.
Compare rates online or with your insurance broker to get the best possible rates. Rates can also vary by zip code as accidents are more likely in some areas. There are many factors that go into finding your exact premium rates so it is imperative that you do your homework to get the best policy.
10 Ways to Get Cheaper Car Insurance in Haltom City
Car insurance is one of the most expensive purchases that car owners make and hope to never use.
According to a survey by the Motor Trend Magazine, an average driver in Texas spends about $84,000 on vehicle insurance over his or her lifetime. With the annual rates running as high as $1800 and $320 at the low end; it is important to buy the right insurance coverage.
Here are ten helpful tips that can help you reduce this cost and keep your insurance premiums in line.
Request Quotes and Buy Online
There are many resources available online that can help you compare prices from different insurance companies. (Like ours here) Take your time doing enough research, request quotes from different companies and purchase one with the most convenient rates. This way, you will get the best value for your money.
Take Advantage of Discounts
Car insurance companies offer a wide range of discounts especially to people with low-risk lifestyle. Some potential insurance discounts include students with good grades, old drivers taking refresher courses, new drivers who have completed a driver-training course and drivers who are taking defensive-driver courses.
Report Reduced Mileage
A car's mileage is one component that affects the total insurance cost. Low mileage drivers such as students or retired personnel can benefit from lower premiums. Reporting low mileage to the insurer might get you a price break depending on your insurance plan.
Combine insurance Policies
Most companies give discounts to customers who combine their insurance policies. In case you have a home owner or business insurance with the same company as your car insurance plan, check to see whether they will offer you a discount. As well, if you are insuring two or more vehicles, it is advisable that you get insured by the same company.
Install anti-theft devices
An anti-theft device lowers the risk of your car being stolen. Insurance companies, especially in high crime metro areas, offer discounts for vehicles with additional security measures. In case you have installed an alarm system or steering wheel locking device, check with your insurer to see whether you are eligible for discounts.
Insurance companies offer discounts to their long-time customers. However, most do not offer such information freely, therefore, get in touch with them and you might receive a discount.
Increase your deductibles
Having higher deductibles lowers yours insurance premiums. Increasing your deductibles to $1000 from $500 can save you about 20 to 30 percent on the annual insurance cost. You only need to make sure your savings can cover the additional cost in case of an accident.
Your driving record affects your insurance premiums. Maintaining a clean driving record will pay you a lot in the long run. Drive safe to keep your car insurance rates low.
Cancel collision coverage
This is more applicable to people who are driving older cars. If the value of your vehicle has drastically reduced, cancel the collision coverage and put the premium savings to help you purchase another vehicle.
Choose your vehicle wisely
The type of vehicle greatly influences the overall insurance cost. For instance, the overall repair and maintenance cost for four wheel drive vehicles is higher than that of two wheel drive vehicles; which means the insurance cost will also be higher. As well, vehicles with a higher chance of being stolen have higher insurance costs. You can, therefore, reduce your insurance premiums by choosing a lower risk vehicle.
New To Cheapest Auto Insurance?
If you live in Haltom City and are looking for cheaper insurance for your vehicle then give us a call! Our agents are able to effectively quote you with the cheapest and best option for you and your vehicle. Call us at 214-760-4883 to speak with our insurance professionals or if you'd prefer to get a quote online click here!