If you live in Texas then you already know about the state’s reputation for high auto insurance. Dallas, as one of the larger more populated cities, has some of the highest rates in the state. So you’ll want to be extra careful not to cause any accidents or receive any tickets because your rate can go sky-high overnight. Here are some helpful tips on how to purchase car insurance after having an accident.
Why Car Insurance Increases After Accidents And Tickets
Car insurance is all about mitigating risk by putting a large group of people into a group together. Everyone pays premiums, but not everyone will have accidents or claims. In order for the group not to run out of money, you have to have a low enough level of risk. People that don’t follow the rules of the road or who have already shown that they are a risky driver by having an accident increase that risk. To offset the added risk, they are asked to pay higher premiums.
Dallas in particular has one of the highest rates of accidents with fatalities in the country. I-30 and I-35 were the two highways the saw the most fatalities. Accidents of this magnitude are especially expensive and this is why Dallas is on the high end for insurance for people with accidents or tickets such as speeding or DUI. Accidents or DUIs can add up to $1,000 more to the high premiums you already pay.
How To Find Car Insurance After An Accident In Dallas
For the most part, many large chain auto insurance companies turn out to be the least expensive for quality coverage and that doesn’t change after you have an accident. The top four cheapest for good service companies in Dallas are:
- GEICO
- Progressive
- TX Farm Bureau
- State Farm
However, after an accident is a great time to check competing companies to see who can give you the best deal with accidents or tickets on your driving record. If your insurance company drops you and you have trouble finding a high-risk insurance company there are a few that specialize in risky drivers like The General and Root. These companies will give you an affordable rate but their coverage is not likely to be as good as with a gold standard company like GEICO or State Farm.
Discounts and accident forgiveness programs are another way you can keep your premiums down even if you’ve had an accident or tickets. Accident forgiveness is offered by many companies, such as Progressive, for drivers that have an accident but otherwise have a good driving and payment history.
If you have more than one accident or multiple tickets however they will probably raise your rates at that point. Accidents do eventually come off your record although it can take years. If you had an accident several years ago and are paying more for auto insurance, it might be time to check if you can now get a cheaper rate if your driving record has cleared.
New to Cheapest Auto Insurance?
It's tough enough having to deal with the financial stress of having an auto accident but choosing the right insurance shouldn't be. At Cheapest Auto Insurance we have insurance professionals ready to assist you. If you've had accidents and are paying too much for auto insurance we would love to give you a free quote! Call us at 214-760-4883 or click here for an anonymous quote!